Strategic Equity Capital (Ordinary Share) SEC

UK Smaller Companies

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Estimated NAV

200.00

Share Price

197.89

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
Strategic Equity Capital (Ordinary Share) Price 105.14%
Strategic Equity Capital (Ordinary Share) NAV 74.78%
FTSE SmallCap (ex Inv Cos) 39.74%
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 196.1 -1.8% 200.00 199.00
31 Jan
100% 0.40%

Discrete performance % over

Fund / BenchmarkMar '13
Feb '14
Mar '14
Feb '15
Mar '15
Feb '16
Strategic Equity Capital (Ordinary Share) Price60.8326.450.88
Strategic Equity Capital (Ordinary Share) NAV49.0612.344.37
FTSE SmallCap (ex Inv Cos)39.25-2.683.11

Discrete performance over

Discrete Performance

Top 10 Holdings

Servelec Group 14.61%
e2v technologies PLC 10.59%
Wilmington Group Plc 10.15%
Emis Group Plc 8.14%
Clinigen Group PLC 8.14%
4imprint Group Plc ADR 7.47%
Tyman PLC 7.14%
Tribal Group Plc 6.80%
Gooch & Housego 6.58%
IFG Group 5.80%

Sectors weighting

Smaller Companies 98.00%
Net Current Assets 2.00%

Regional weighting

UK 81.00%
Cash/Cash Equivalent 13.00%
Europe Developed ex-UK 5.00%
  • Investment trust info:

  • Sector UK Smaller Companies
  • Launch Date 19 Jul 2005
  • Currency GBX
  • Domicile UK
  • Share Price 197.89
  • Share Type Ordinary Share
  • TIDM SEC
  • ISIN GB00B0BDCB21
  • Shares Issued (M) 70
  • Market Capital (£M) 136.42
  • Gross Assets (£M) 139.57
  • Net Assets (£M) 139.57
  • TER (%) 1.33
  • Historic Dividend Yield (%) 0.40
  • Last AGM 11 Nov 2015
  • Next AGM 11 Nov 2016
  • Last Annual Report Date 21 Sep 2015
  • Next due Report Date 31 Dec 2015
  • Next due Report Type I/R
  • Objective:

  • The investment objective of the company is to achieve absolute returns rather than relative returns over a medium-term period, principally through capital growth.
  • Management Group(s):

  • GVQ Investment Management Limited
  • SVG Investment Managers Limited
  • Managed by:

  • Jeff Harris Start: 01 May 2014
  • Stuart Widdowson Start: 30 Jun 2009
  • Management Contract & Fees:

    The basic fee should be the lower of: the basic fee as calculated under the current fee arrangements (that is, 1.0% p.a. of the net NAV of the Company, being the NAV less the aggregate of the value of the company's limited partnership Interest in Strategic Recovery Fund II and the amount of the Company's undrawn loan commitment to that fund from time to time) and 1.0% p.a. of the company's market capitalisation. The company's performance is measured over rolling three year periods ending on 30 June in each year, with the first Performance Period commencing on 01-Jul-08 and ending on 30-Jun-11. The company's performance will be measured by comparing the NAV total return per Share over a Performance Period against the total return performance of the FTSE SmallCap (ex. Investment Companies) Index, being the index against which the Board has historically compared the company's investment performance. If the NAV total return per Share (calculated before any accrual for any performance fee to be paid in respect of the relevant Proposed Performance Period) at the end of the relevant Proposed Performance Period exceeds both: (i) the NAV per Share at the beginning of the relevant Proposed Performance Period as adjusted by the aggregate amount of (a) the total return on the FTSE SmallCap (ex. Investment Companies) Index (expressed as a percentage) and (b) 2.0% p.a. over the relevant Proposed Performance Period and (ii) the High Watermark (which, until exceeded at the end of a Proposed Performance Period in respect of which the Investment Manager earns a performance fee, will remain at 118.82p) the Investment Manager will be entitled to 15% of the excess over the higher of the Benchmark NAV per Share and the High Watermark and payment of a performance fee that has been earned will be deferred to the extent that the amount payable exceeds 1.75% p.a. of the company's NAV at the end of the relevant Proposed Performance Period (amounts deferred will be payable when, and to the extent that, following any later Proposed Performance Period(s) with respect to which a performance fee is payable, it is possible to pay the deferred amounts without causing that cap to be exceeded or the relevant NAV total return per Share to fall below the relevant Benchmark NAV per Share and the relevant High Watermark).