International Biotechnology (Ordinary Share) IBT

Sector Specialist: Biotechnology/Life Sciences

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Estimated NAV (p)

449.00

Share Price (p)

399.25

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
International Biotechnology (Ordinary Share) Price 164.67%
International Biotechnology (Ordinary Share) NAV 169.03%
FTSE World 58.26%
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 399.0p -11.1% 449.00p 453.00p
19 Nov
100%

Discrete performance % over

Fund / BenchmarkDec '11
Nov '12
Dec '12
Nov '13
Dec '13
Nov '14
International Biotechnology (Ordinary Share) Price30.3545.5539.50
International Biotechnology (Ordinary Share) NAV40.8333.7842.79
FTSE World12.6725.3112.09

Discrete performance over

Discrete Performance

Top 10 Holdings

Gilead Sciences Inc 8.02%
Celgene Corporation 6.83%
Regeneron Pharmaceuticals, Inc. 6.83%
Biogen Idec Inc., 4.95%
Alexion Pharmaceuticals, Inc. 4.65%
Amgen Inc 4.16%
Illumina, Inc. 3.56%
Chimerix 3.27%
Actelion Ltd. 2.87%
Biomarin Pharmaceuticals, Inc. 2.87%

Sectors weighting

Biotechnology 106.00%
Net Current Assets -6.00%

Regional weighting

North America Region 93.00%
Europe Developed ex-UK 10.00%
UK 3.00%
  • Investment trust info:

  • Sector Sector Specialist: Biotechnology/Life Sciences
  • Launch Date 31 Mar 1994
  • Base Currency GBX
  • Domicile UK
  • Share Price (p) 399.25
  • Share Type Ordinary Share
  • TIDM IBT
  • ISIN GB0004559349
  • Shares Issued (M) 49
  • Market Capital (£M) 193.79
  • Gross Assets (£M) 219.22
  • Net Assets (£M) 219.22
  • TER (%) 1.70
  • Last AGM 11 Dec 2013
  • Next AGM 11 Dec 2014
  • Last Annual Report Date 17 Nov 2014
  • Next due Report Date  
  • Next due Report Type I/R
  • Objective:

  • To achieve capital growth through investing in high growth, development stage biotechnology companies.
  • Management Group(s):

  • SV Life Sciences Managers LLP
  • Managed by:

  • Ailsa Craig Start: 01 Jan 2005
  • Carl Harald Janson Start: 02 Sep 2013
  • Kate Bingham Start: 01 Jan 2005
  • Management Contract & Fees:

    The Manager is entitled to a management fee payable monthly at 1.15% p.a. of the Company's NAV. The Investment Manager is entitled to an annual performance fee calculated as follows: The portfolio consists of two pools: quoted and unquoted. The fee on the quoted pool is 10% of relative outperformance above the pound sterling adjusted NASDAQ Biotech Index (GBP NBI) plus a 0.5% hurdle. The fee on the unquoted pool is 20% of net realised gains, taking into account any unrealised losses but not unrealised gains, with a high water mark. The payment of the performance fee is subject to the following limits: - the maximum performance fee in any one year is 3% of average net assets during the year, with any excess held over and adjusted up or down according to the performance of the share price over the period between the end of the period in which it is earned and the period in which it becomes payable, - the performance fee for any period may not cause the NAV of the Company to drop below the NAV on the first day of the relevant period - a fund high water mark, initially set at close of business on 31-Aug-11, will be reset whenever a performance fee is paid. It will also be reset upwards or downwards for share buybacks or fund raisings or any other movement associated with a change of capital. The Management Agreement is terminable by either party on 12 months' notice.