Advance UK (Ordinary Share) ADU

Global Growth

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Estimated NAV (p)

176.00

Share Price (p)

 

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 164.5p -6.4% 176.00p 174.00p
05 Mar
100% 1.46%

Top 10 Holdings

Marwyn Value Investors 8.24%
Infrastructure Development Finance Compa 6.46%
Witan Investment Trust plc 6.32%
Dexion Absolute � Shares 4.95%
Eurovestech Plc 4.81%
Framlington Innovative Gwth 4.53%
Asset Management Investment 4.40%
Blackrock Absolute 4.26%

Sectors weighting

Investment Funds 72.80%
Net Current Assets 27.20%

Regional weighting

Other Countries 53.00%
Cash & Fixed Interest 16.00%
Europe Developed ex-UK 13.00%
UK 9.00%
Japan 7.00%
North America Region 2.00%
  • Investment trust info:

  • Sector Global Growth
  • Launch Date 24 Nov 1997
  • Base Currency GBX
  • Domicile UK
  • Share Price (p)  
  • Share Type Ordinary Share
  • TIDM ADU
  • ISIN GB0001675189
  • Shares Issued (M) 28
  • Market Capital (£M) 46.37
  • Gross Assets (£M) 49.55
  • Net Assets (£M) 49.55
  • TER (%) 1.87
  • Historic Dividend Yield (%) 1.46
  • Next Dividend Date 25 Nov 2010
  • Next Dividend (p) 1.20
  • Last AGM 16 Dec 2009
  • Next AGM 16 Dec 2010
  • Last Annual Report Date 17 Nov 2008
  • Next due Report Date 31 Aug 2009
  • Next due Report Type A/R
  • Objective:

  • UK & developed market funds with large discounts.
  • Management Group(s):

  • Progressive Asset Management
  • Progressive European Markets Limited
  • Managed by:

  • James Carthew Start: 01 Feb 2001
  • Management Contract & Fees:

    The manager is appointed under a contract subject to twelve months notice and is entitled to remuneration comprising a basic fee and, in certain circumstances, a performance fee. The basic fee is calculated at a monthly rate of one-twelfth of one per cent of the Companys Adjusted Market Capitalisation. This is the aggregate closing mid market price of the Companys Ords at the end of the relevant month or part month, adjusted as necessary to take account of any purchasing by the Company of its own shares during the previous two years. The performance fee is 10% of the outperformance, provided that the NAV per share has increased since the end of the last period in respect of which a performance fee was payable. A cap of 2% of net assets applies to the total performance fee. For its administrative and secretarial services Cavendish Administration Ltd is appointed under a contract subject to 180 days notice and receives a fee at an annual rate of GBP 76,680 (excluding VAT).