AcenciA Debt Strategies (Ordinary Share) ACD

Hedge Funds

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Estimated NAV (p)

111.00

Share Price (p)

105.25

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
AcenciA Debt Strategies (Ordinary Share) Price 36.02%
AcenciA Debt Strategies (Ordinary Share) NAV 20.33%
FTSE World 55.83%
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
Ordinary Share 106.0p -4.3% 111.00p 111.00p
31 Jul
100% 3.69%

Discrete performance % over

Fund / BenchmarkSep '11
Aug '12
Sep '12
Aug '13
Sep '13
Aug '14
AcenciA Debt Strategies (Ordinary Share) Price-5.0327.5612.27
AcenciA Debt Strategies (Ordinary Share) NAV-0.4314.225.81
FTSE World15.4319.0213.42

Discrete performance over

Discrete Performance

Top 10 Holdings

Elliott International, Ltd 21.60%
Redwood 20.50%
Third Point 12.60%
Appaloosa 11.30%
Centerbridge 10.50%
York Credit Opportunities Unit Trust 10.40%
Canyon Balanced Fund, LP 7.90%
Scoggin Worldwide 5.30%

Sectors weighting

General Equity 26.40%
Distressed Securities 25.70%
Debt - Corporate 13.30%
Specialist Credit 11.20%
Relative Value/Arbitrage 11.10%
Debt - Mortg: Private lbl 9.80%
Loan Opportunities 2.50%
  • Investment trust info:

  • Sector Hedge Funds
  • Launch Date 24 Nov 2005
  • Base Currency GBX
  • Domicile Guernsey
  • Share Price (p) 105.25
  • Share Type Ordinary Share
  • TIDM ACD
  • ISIN GB00B0MSB420
  • Shares Issued (M) 114
  • Market Capital (£M) 120.91
  • Gross Assets (£M) 126.27
  • Net Assets (£M) 126.27
  • TER (%) 0.54
  • Historic Dividend Yield (%) 3.69
  • Next Dividend Date 27 Aug 2015
  • Next Dividend (p) 1.99
  • Last AGM 30 May 2013
  • Next AGM 28 Apr 2015
  • Last Annual Report Date 03 Apr 2014
  • Next due Report Date  
  • Next due Report Type I/R
  • Objective:

  • To invest in and actively manage a portfolio of predominantly debt orientated hedge funds and to produce annual returns in excess of the 3-month Sterling LIBOR plus 5% over a rolling 3-year period.
  • Management Group(s):

  • Saltus (Channel Islands)
  • Saltus Partners LLP
  • Managed by:

  • Jon Macintosh Start: 24 Nov 2005
  • Team Managed Start: 24 Nov 2005
  • Team Managed Start: 24 Nov 2005
  • Management Contract & Fees:

    The Manager will receive a management fee from the Company of 1% per annum of total assets. A performance fee equivalent to 10% of the amount by which the year-end Total Assets exceeds the greatest value of the previous financial year, subject to a maximum annual performance fee of 3% of the value of the Total Assets at the end of the financial year. The performance fee will be paid quarterly in arrears, rather than annually. The Administrator will receive a fee which shall not exceed 0.085% per annum of the net asset value of the Company, subject to a minimum annual payment of GBP10,000. The Custodian will receive a fee paid quarterly at the rate of 0.05% of the Net Asset Value of the Company per annum subject to a minimum fee of GBP 3,325 per quarter. The Custodian Agreement is terminable by either party on three months' notice.