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Downing Three VCT 'F' (Ordinary Share) DP3F

VCT Generalist

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Estimated NAV

51.00

Share Price

N/A

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
Downing Three VCT 'F' (Ordinary Share) Price -25.48%
Downing Three VCT 'F' (Ordinary Share) NAV 12.13%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 20.0 -60.5% 51.00 70.00
31 Dec
100%

Discrete performance % over

Fund / BenchmarkQ1Q2Q3Q4
Downing Three VCT 'F' (Ordinary Share) Price-10.11-1.08-7.17-9.73
Downing Three VCT 'F' (Ordinary Share) NAV8.150.003.680.00

Discrete performance over

Discrete Performance

Top 10 Holdings

Apex Energy Limited 13.22%
Vulcan Renewables Limited 10.30%
Goonhilly Earth Station Limited 10.05%
Merlin Renewables Limited 7.60%
Lambridge Solar Limited 7.52%
Pearce and Saunders Limited 6.57%
Baron House Developments LLP 6.36%
Augusta Pub Company Limited 4.61%
Vectis Alpha Limited 3.97%
Gara Rock Resort Limited 3.41%

Sectors weighting

Venture Capital 104.50%
Net Current Assets -4.50%
  • Investment trust info:

  • Sector VCT Generalist
  • Launch Date 06 Mar 2012
  • Currency GBX
  • Domicile UK
  • Share Price N/A
  • Share Type Ordinary Share
  • TIDM DP3F
  • ISIN GB00B6ZS1P26
  • Shares Issued (M) 11
  • Market Capital (£M) 2.16
  • Gross Assets (£M) 5.48
  • Net Assets (£M) 5.48
  • TER (%) 2.78
  • Last AGM 07 Jun 2018
  • Next AGM 07 Jun 2019
  • Last Annual Report Date 28 May 2018
  • Next due Report Date 30 Jun 2016
  • Next due Report Type I/R
  • Objective:

  • To invest in a portfolio of companies mainly within construction, travel and leisure sector and renewable energy to seek capital preservation.
  • Management Group(s):

  • Downing Corporate Finance
  • Downing Corporate Finance
  • Downing LLP
  • Managed by:

  • Not Disclosed Start: 06 Mar 2012
  • Management Contract & Fees:

    The Manager receives an annual management fee of 1.8% of the Net Assets attributable to the F Shares. The Manager also receives an annual fee of £56,000 (plus RPI) per Company for administration services, which will be allocated across all share pools. The Annual Running Costs of the F Share pool is capped at 3.5% (including irrecoverable VAT) of that Company's Net Assets attributable to the F Shares. The Performance Incentive will only become payable if F Shareholders receive Shareholder Proceeds of at least 100p per F Share (excluding initial income tax relief) and achieve a tax-free Compound Return of at least 7% p.a. (after allowing for income tax relief on investment). If the Hurdles are met, the Performance Incentive will be 3p per F Share plus 20% above 100p per F Share of the funds available (for distribution to F Shareholders and the payment of the Performance Incentive). The Performance Incentive will only be paid to the extent that the Hurdles continue to be met and will be subject to a maximum amount over the life of each Company equivalent to 7p per F Share (based on the number of F Shares in issue at the close of the Offers).

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