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Honeycomb Investment Trust (Ordinary Share) HONY

Sector Specialist: Securitised Debt

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Estimated NAV

1003.00

Share Price

N/A

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 1180.0 17.7% 1003.00 1003.00
30 Sep
100% 7.54%

Top 10 Holdings

Portfolios 83.25%
Originations 8.87%
Wholesale 4.70%
Freedom Finance Limited 1.79%
Pay4Later 1.32%

Sectors weighting

General Equity 99.40%
Net Current Assets 0.60%
  • Investment trust info:

  • Sector Sector Specialist: Securitised Debt
  • Launch Date 23 Dec 2015
  • Currency GBX
  • Domicile UK
  • Share Price N/A
  • Share Type Ordinary Share
  • TIDM HONY
  • ISIN GB00BYZV3G25
  • Shares Issued (M) 30
  • Market Capital (£M) 353.13
  • Gross Assets (£M) 300.16
  • Net Assets (£M) 300.16
  • TER (%) 0.00
  • Historic Dividend Yield (%) 7.54
  • Last AGM 02 Jun 2017
  • Next AGM 02 Jun 2018
  • Last Annual Report Date 29 May 2017
  • Next due Report Date 31 Dec 2017
  • Next due Report Type A/R
  • Objective:

  • To provide Shareholders with an attractive level of dividend income and capital growth through the acquisition of loans made to consumers and small businesses as well as other counterparties.
  • Management Group(s):

  • Pollen Street Capital Ltd
  • Managed by:

  • James Scott Start: 23 Dec 2015
  • Lindsey McMurray Start: 23 Dec 2015
  • Matthew Potter Start: 23 Dec 2015
  • Murray Bailey Start: 23 Dec 2015
  • Regi Athwal Start: 23 Dec 2015
  • Management Contract & Fees:

    The management fee is calculated and payable monthly in arrear at a rate equal to 1/12 of 1% per month of Net Asset Value. If on the last day of a calculation period, the adjusted NAV exceeds the hurdle threshold (adjusted NAV following admission compounded at 5% p.a.), the Investment Manager shall be entitled to a performance fee equal to the lower of: a) the amount by which the Adjusted NAV exceeds the Hurdle; and b) 10% p.a. of the amount by which total growth in Adjusted NAV since first admission.

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