AcenciA Debt Strategies (Ordinary Share) ACD

Hedge Funds

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Estimated NAV (p)

112.00

Share Price (p)

107.14

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
AcenciA Debt Strategies (Ordinary Share) Price 32.99%
AcenciA Debt Strategies (Ordinary Share) NAV 21.76%
FTSE World 35.14%
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 107.3p -3.8% 112.00p 111.00p
31 Jan
100% 3.53%

Discrete performance % over

Fund / BenchmarkAug '11
Jul '12
Aug '12
Jul '13
Aug '13
Jul '14
AcenciA Debt Strategies (Ordinary Share) Price-7.8425.2815.18
AcenciA Debt Strategies (Ordinary Share) NAV-0.7111.729.77
FTSE World0.6125.826.75

Discrete performance over

Discrete Performance

Top 10 Holdings

Elliott International, Ltd 22.10%
Redwood 20.30%
Third Point 12.30%
Appaloosa 11.30%
Centerbridge 10.70%
York Credit Opportunities Unit Trust 9.90%
Canyon Balanced Fund, LP 7.80%
Scoggin Worldwide 5.60%

Sectors weighting

General Equity 26.00%
Distressed Securities 26.00%
Debt - Corporate 13.00%
Specialist Credit 11.00%
Relative Value/Arbitrage 11.00%
Debt - Mortg: Private lbl 10.00%
Loan Opportunities 3.00%
  • Investment trust info:

  • Sector Hedge Funds
  • Launch Date 24 Nov 2005
  • Base Currency GBX
  • Domicile Guernsey
  • Share Price (p) 107.14
  • Share Type Ordinary Share
  • TIDM ACD
  • ISIN GB00B0MSB420
  • Shares Issued (M) 114
  • Market Capital (£M) 122.62
  • Gross Assets (£M) 127.50
  • Net Assets (£M) 127.50
  • TER (%) 0.54
  • Historic Dividend Yield (%) 3.53
  • Next Dividend Date 02 Apr 2015
  • Next Dividend (p) 1.92
  • Last AGM 30 May 2013
  • Next AGM 28 Apr 2015
  • Last Annual Report Date 03 Apr 2014
  • Next due Report Date  
  • Next due Report Type I/R
  • Objective:

  • To produce annual returns in excess of the 3-month Sterling LIBOR plus 5 per cent over a rolling 3-year period, with annual standard deviation of under 5 per cent.
  • Management Group(s):

  • Saltus (Channel Islands)
  • Saltus Partners LLP
  • Managed by:

  • Jon Macintosh Start: 24 Nov 2005
  • Team Managed Start: 24 Nov 2005
  • Team Managed Start: 24 Nov 2005
  • Management Contract & Fees:

    The Manager will receive a management fee from the Company of 1% per annum of total assets. A performance fee equivalent to 10% of the amount by which the year-end Total Assets exceeds the greatest value of the previous financial year, subject to a maximum annual performance fee of 3% of the value of the Total Assets at the end of the financial year. The performance fee will be paid quarterly in arrears, rather than annually. The Administrator will receive a fee which shall not exceed 0.085% per annum of the net asset value of the Company, subject to a minimum annual payment of GBP10,000. The Custodian will receive a fee paid quarterly at the rate of 0.05% of the Net Asset Value of the Company per annum subject to a minimum fee of GBP 3,325 per quarter. The Custodian Agreement is terminable by either party on three months' notice.

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