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Investment trust info:
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Sector
Global Growth
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Launch Date
22 Jan 2001
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Base Currency
GBX
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Domicile
UK
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Share Price (p)
N/A
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Share Type
Ordinary Share
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TIDM
LTI
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ISIN
GB0031977944
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Shares Issued (M)
00
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Market Capital (£M)
65.90
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Gross Assets (£M)
61.35
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Net Assets (£M)
61.35
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TER (%)
1.25
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Historic Dividend Yield (%)
1.26
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Next Dividend Date
11 Jul 2013
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Next Dividend (p)
4.15
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Last AGM
26 Jul 2012
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Next AGM
26 Jul 2013
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Last Annual Report Date
11 Jul 2012
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Next due Report Date
31 Mar 2013
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Next due Report Type
A/R
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Objective:
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Long-term total returns, outperforming the annual average yield on the 2.5% Consolidated Loan Stock
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Management Group(s):
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Lindsell Train Ltd
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Management Contract & Fees:
Management fee charged at 0.65% of Adjusted Market Capitalisation per annum. A performance fee is payable of 10% of the amount each performance period exceeds a specified performance hurdle calculated with reference to the annual average gross running yield on the 2.5% Consolidated loan Stock over the period. The Management agreement is subject to a termination by the Company on 12 months notice. For the avoidance of double charging management fees, the Investment Manager has agreed to rebate any periodic management fee that it receives from the Company by the amount of fees receivable by it from Lindsell Train fund products and other fund products where Lindsell Train Limited is the investment manager in respect of the Companys investments in those funds. Phoenix administration will be entitled to a fee of GBP 60,000 per annum.
