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Investment trust info:
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Sector
UK Growth
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Launch Date
24 Apr 1953
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Base Currency
GBX
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Domicile
Guernsey
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Share Price (p)
172.00
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Share Type
Ordinary Share
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TIDM
UKT
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ISIN
GB0004618236
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Shares Issued (M)
21
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Market Capital (£M)
36.11
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Gross Assets (£M)
35.31
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Net Assets (£M)
35.31
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TER (%)
1.62
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Historic Dividend Yield (%)
2.39
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Next Dividend Date
13 Sep 2013
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Next Dividend (p)
3.20
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Last AGM
15 Aug 2012
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Next AGM
15 Aug 2013
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Last Annual Report Date
17 Apr 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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Total return > FTSE All Share; over 80% of Fund in UK.
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Management Group(s):
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Scottish Widows Investment Partnership
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Threadneedle Asset Management Limited
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Management Contract & Fees:
Management fee is paid at a rate of 0.125% per quarter in arrears (i.e. 0.50% p.a.) and is based upon the value of the portfolio as at 31 March, 30 June, 30 September and 31 December. The Manager is also entitled to a performance fee, payable in arrears and linked to the excess NAV total return over that on the FTSE All-Share Index. The fee is paid at the rate of 0.01% of the gross assets at the end of the financial year for each 0.1% of excess total return averaged over the two preceding years, subject to a ceiling of 0.25% in any one year. Thus, the maximum possible investment management fee in any one year will be 0.75% if the average of two years outperformance equals or exceeds 2.5%. The Agreement is terminable on six months notice.
