TR Property SIGMA (Ordinary Share) TRYS

Property Securities

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Estimated NAV (p)

102.00

Share Price (p)

 

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 85.0p -16.5% 102.00p 101.00p
12 Dec
102% 3.18%

Top 10 Holdings

Great Portland Estates 6.70%
Deutsche Wohnen 6.50%
GSW Immobilien AG 5.90%
Deutsche Euroshop 5.10%
Eurocommercial Properties 3.80%
Wihlborgs Fastigheter AB 3.50%
Workspace Group PLC 3.00%
Befimmo 2.80%
St Modwen Properties 2.80%
Alstria Office AG 2.80%

Sectors weighting

Property - Office 38.50%
Property - Retail 25.60%
Property - Residential 18.30%
Property - Industrials 10.40%
Property - Diversified 7.20%

Regional weighting

Europe Developed ex-UK 66.00%
UK 28.00%
Cash/Cash Equiv. 5.00%
Fixed Interest 1.00%
  • Investment trust info:

  • Sector Property Securities
  • Launch Date 24 Jul 2007
  • Base Currency GBX
  • Domicile UK
  • Share Price (p)  
  • Share Type Ordinary Share
  • TIDM TRYS
  • ISIN GB00B1YW2J11
  • Shares Issued (M) 124
  • Market Capital (£M) 105.31
  • Gross Assets (£M) 129.00
  • Net Assets (£M) 126.15
  • TER (%) 1.04
  • Historic Dividend Yield (%) 3.18
  • Next Dividend Date 05 Jun 2013
  • Next Dividend (p) 1.05
  • Last AGM 24 Jul 2012
  • Next AGM 24 Jul 2013
  • Last Annual Report Date 28 Jun 2012
  • Next due Report Date 31 Mar 2013
  • Next due Report Type A/R
  • Objective:

  • Invests in principally European property shares with a market capitalisation of less than GBP 1 billion.
  • Management Group(s):

  • Thames River Capital LLP
  • Managed by:

  • Chris M Turner Start: 25 Jul 2007
  • James Wilkinson Start: 25 Jul 2007
  • Marcus Phayre-Mudge Start: 25 Jul 2007
  • Marcus Phayre-Mudge Start: 25 Jul 2007
  • Management Contract & Fees:

    The terms of the Sigma Management Agreement are based on the Ordinary Pool Management Agreement but with principal differences. There is a base management fee of 1.10 per cent per annum on the Net Asset Value of the Sigma Pool. A performance fee will be payable if the total return of the adjusted net assets attributable to holders of Sigma Shares outperforms the total return of the Companys benchmark plus 2 per cent. Any fee payable is the amount equivalent to the adjusted net assets attributable to holders of Sigma Shares at 31 March each year, multiplied by the percentage out-performance, multiplied by 20 per cent. The maximum performance fee payable in any period will be 5 per cent of the adjusted net assets. If the total return on adjusted net assets attributable to holders of Sigma Shares for any performance period is less than the hurdle rate for the relevant performance period, such under-performance will be carried forward. Capita Sinclair Henderson provides all of the services under the Secretarial Agreement for a payment of an annual fee of GBP 45,000. Termination requires 6 months notice. The Company has agreed to pay the Administrator GBP 255,000 per annum, termination requires 90 days notice.

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