Premier Energy and Water (Ord Income) PEW

Split Capital Trust

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Estimated NAV (p)

184.00

Share Price (p)

180.70

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
Premier Energy and Water (Ord Income) Price 47.12%
Premier Energy and Water (Ord Income) NAV 25.72%
FTSE World 27.34%
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
ZDP 2015 207.1p 4.1% 199.00p 199.00p
09 Apr
100% n/a%
Ord Income 178.5p -2.9% 184.00p 186.00p
09 Apr
234% 6.86%

Discrete performance % over

Fund / BenchmarkMay '11
Apr '12
May '12
Apr '13
May '13
Apr '14
Premier Energy and Water (Ord Income) Price-23.4431.1946.47
Premier Energy and Water (Ord Income) NAV-24.2829.3528.36
FTSE World-0.7219.886.99

Discrete performance over

Discrete Performance

Top 10 Holdings

Opg Power Ventures Plc 8.93%
Renewable Energy Generation Ltd 7.61%
Kunlun Energy Ltd. 4.26%
Fortune Oil PLC 4.16%
China Suntien Green Energy Corp Ltd. 4.06%
Gdf Suez 3.65%
National Grid 3.45%
Ecofin Water & Power Opps Income 3.45%
China Everbright International Ltd. 3.35%
See Corporation Ltd. 3.14%

Sectors weighting

Electricity Cos 45.80%
Utilities 19.40%
Renewable Energy 12.30%
Gas Distribution 12.10%
Water Companies 7.40%
Net Current Assets 2.30%
Infrastructure 0.70%

Regional weighting

Asia exc Japan 36.00%
UK 24.00%
Europe Developed ex-UK 12.00%
Other Countries 11.00%
North America Region 7.00%
Fixed Interest 6.00%
Cash/Cash Equiv. 2.00%
  • Investment trust info:

  • Sector Split Capital Trust
  • Launch Date 04 Nov 2003
  • Base Currency GBX
  • Domicile UK
  • Share Price (p) 180.70
  • Share Type Ord Income
  • TIDM PEW
  • ISIN GB0033537902
  • Shares Issued (M) 17
  • Market Capital (£M) 30.47
  • Gross Assets (£M) 73.55
  • Net Assets (£M) 31.39
  • TER (%) 1.84
  • Historic Dividend Yield (%) 6.86
  • Next Dividend Date 05 Jun 2014
  • Next Dividend (p) 5.25
  • TAV 147.00
  • GRY -2.90
  • Wind-up date 31 Dec 2015
  • Last AGM 23 Apr 2013
  • Next AGM 23 Apr 2014
  • Last Annual Report Date 21 Mar 2014
  • Next due Report Date 30 Jun 2014
  • Next due Report Type I/R
  • Objective:

  • To achieve high income and capital growth by investing in companies in the energy and water sectors and other infrastructure investments.
  • Management Group(s):

  • Premier Fund Managers
  • Managed by:

  • Andrew Whalley Start: 31 Oct 2003
  • Claire Burgess Start: 14 Mar 2012
  • Claire Long Start: 14 Mar 2012
  • James Smith Start: 01 Jun 2012
  • Kevin Scutt Start: 01 May 2006
  • 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 p.a. 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.

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