Premier Energy and Water (ZDP 2015) PEW

Split Capital Trust

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Estimated NAV (p)

204.00

Share Price (p)

N/A

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
ZDP 2015 212.0p 4.1% 204.00p 203.00p
20 Aug
100% n/a%
Ord Income 192.3p -4.3% 201.00p 197.00p
20 Aug
226% 6.09%

Top 10 Holdings

Opg Power Ventures Plc 9.73%
Renewable Energy Generation Ltd 6.45%
China Power International Development Lt 3.99%
Huaneng Power International Inc. 3.89%
Ecofin Water & Power Opps Income 3.69%
Fortune Oil PLC 3.69%
Tenaga Nasional Bhd 3.28%
Gdf Suez 3.28%
SSE Plc 3.28%
Enersis SA 3.17%

Sectors weighting

Electricity Cos 49.50%
Utilities 21.70%
Renewable Energy 11.60%
Water Companies 7.90%
Gas Distribution 7.00%
Net Current Assets 2.30%

Regional weighting

Asia exc Japan 36.00%
UK 24.00%
Europe Developed ex-UK 12.00%
Other Countries 11.00%
North America Region 7.00%
Fixed Interest 6.00%
Cash/Cash Equiv. 2.00%
  • Investment trust info:

  • Sector Split Capital Trust
  • Launch Date 04 Nov 2003
  • Base Currency GBX
  • Domicile UK
  • Share Price (p) N/A
  • Share Type ZDP 2015
  • TIDM PEW
  • ISIN GB0033538207
  • Shares Issued (M) 21
  • Market Capital (£M) 44.90
  • Gross Assets (£M) 77.42
  • Net Assets (£M) 34.29
  • TER (%) 1.84
  • TAV 221.80
  • GRY 3.40
  • Hurdle S/P -31.1%p.a.
  • Hurdle W/O -100.0%p.a.
  • Wind-up date 31 Dec 2015
  • Last AGM 23 Apr 2014
  • Next AGM 23 Apr 2015
  • Last Annual Report Date 21 Mar 2014
  • Next due Report Date 31 Dec 2014
  • Next due Report Type A/R
  • Objective:

  • To achieve high income and capital growth by investing in companies in the energy and water sectors and other infrastructure investments.
  • Management Group(s):

  • Premier Fund Managers
  • Managed by:

  • Andrew Whalley Start: 31 Oct 2003
  • Claire Burgess Start: 01 Apr 2011
  • Claire Long Start: 01 Apr 2011
  • James Smith Start: 01 Jun 2012
  • Kevin Scutt Start: 01 May 2006
  • Management Contract & Fees:

    The Manager will receive a basic annual fee of 1.0% of gross assets. A performance fee will also be payable if (i) the dividends paid or declared amount to at least 6.75p p.a. and (ii) the gross assets at the end of the period exceed the highest level of gross assets at the end of the previous period by more than 7.5% (i.e. on an annualised basis and being equivalent to an annual total return on Gross Asset of approximately 14.25%). In this event, the performance fee will be equal to 15% of the excess. For their administrative services, Premier Asset Management will receive a fee of 0.125% p.a. of the first GBP100m of gross assets and 0.075% p.a. thereafter, subject to a minimum fee of GBP75,000.