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Investment trust info:
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Sector
Split Capital Trust
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Launch Date
04 Nov 2003
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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
ZDP 2015
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TIDM
PEW
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ISIN
GB0033538207
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Shares Issued (M)
21
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Market Capital (£M)
40.85
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Gross Assets (£M)
69.83
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Net Assets (£M)
30.01
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TER (%)
1.65
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Last AGM
23 Apr 2013
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Next AGM
23 Apr 2014
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Last Annual Report Date
22 Mar 2013
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Next due Report Date
30 Jun 2013
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Next due Report Type
I/R
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Objective:
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High income and capital growth by investing primarily in equities issued by utility and regulated infrastructure companies.
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Management Group(s):
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Premier Fund Managers Ltd
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Managed by:
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Andrew Whalley
Start: 31 Oct 2003
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Claire Burgess
Start: 14 Mar 2012
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James Smith
Start: 01 Jun 2012
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Kevin Scutt
Start: 01 May 2006
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Management Contract & Fees:
The Manager will receive a basic annual fee of 1.0% of gross assets. A performance fee will also be payable if (i) the dividends paid or declared amount to at least 6.75p per annum and (ii) the gross assets at the end of the period exceed the highest level of gross assets at the end of the previous period by more than 7.5% (i.e. on an annualised basis and being equivalent to an annual total return on Gross Asset of approximately 14.25%). In this event, the performance fee will be equal to 15% of the excess. For their administrative services, Premier Asset Management will receive a fee of 0.125% p.a. of the first GBP100m of gross assets and 0.075% p.a. thereafter, subject to a minimum fee of GBP75,000.
