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Investment trust info:
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Sector
Global Growth
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Launch Date
01 Jan 1889
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Base Currency
GBX
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Domicile
UK
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Share Price (p)
518.17
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Share Type
Ordinary Share
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TIDM
BTEM
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ISIN
GB0001335081
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Shares Issued (M)
157
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Market Capital (£M)
801.03
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Gross Assets (£M)
922.98
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Net Assets (£M)
908.06
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TER (%)
0.73
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Historic Dividend Yield (%)
1.67
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Next Dividend Date
05 Jun 2013
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Next Dividend (p)
7.50
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Last AGM
13 Dec 2012
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Next AGM
13 Dec 2013
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Last Annual Report Date
16 Nov 2012
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Next due Report Date
31 Mar 2013
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Next due Report Type
I/R
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Objective:
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Capital growth through global stocks at discount to net asset value.
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Management Group(s):
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Asset Management Investment Company
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Asset Value Investors Limited
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Management Contract & Fees:
The manager is entitled to a base management fee of 0.55% of the net assets of the Company at the end of the previous financial year, increasing to 0.6% for any financial period in which the Company out-performs its benchmark or under-performs by no more than 5%. The first 0.3% of the base management fee is charged to revenue and the remainder of the base management fee, together with any performance fee, is charged to capital. A performance fee of 4% is payable, on any out-performance in the net asset value per share (on a total return basis) over the benchmark index at year end, with a cap on aggregate fees of 1% per annum. Any outperformance earned in excess of the cap and any under performance in any year will be carried forward for use in the next three years fee calculations on a first in first out basis.
