ICG-Longbow Sen Sec UK Prop (Ordinary Share) LBOW

Sector Specialist: Securitised Debt

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Estimated NAV

101.00

Share Price

100.49

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
ICG-Longbow Sen Sec UK Prop (Ordinary Share) Price 15.13%
ICG-Longbow Sen Sec UK Prop (Ordinary Share) NAV 22.80%
FTSE All-Share Index 19.49%
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 101.0 0.1% 101.00 101.00
30 Apr
100% 5.94%

Discrete performance % over

Fund / BenchmarkSep '13
Aug '14
Sep '14
Aug '15
Sep '15
Aug '16
ICG-Longbow Sen Sec UK Prop (Ordinary Share) Price4.318.841.41
ICG-Longbow Sen Sec UK Prop (Ordinary Share) NAV6.955.648.69
FTSE All-Share Index8.23-4.3115.37

Discrete performance over

Discrete Performance

Top 10 Holdings

Mansion Student Fund 17.66%
Meadows RE Fund II 17.66%
Raees 12.95%
IRAF Portfolio 11.67%
Lanos (York) 9.78%
Halcyon Ground Rents 8.41%
Gateshead Ramada 7.80%
hulbert 6.42%
northlands Portfolio 6.33%
First Light Portfolio 1.71%

Sectors weighting

Debt - Senior Loans 95.00%
Miscellaneous 36.00%
Property - Industrials 26.00%
Property - Mixed 19.00%
Property - Retail 18.00%
Net Current Assets 5.00%
Property - Office 1.00%
  • Investment trust info:

  • Sector Sector Specialist: Securitised Debt
  • Launch Date 05 Feb 2013
  • Currency GBX
  • Domicile Guernsey
  • Share Price 100.49
  • Share Type Ordinary Share
  • TIDM LBOW
  • ISIN GG00B8C23S81
  • Shares Issued (M) 108
  • Market Capital (£M) 109.30
  • Gross Assets (£M) 109.25
  • Net Assets (£M) 109.25
  • TER (%) 1.50
  • Historic Dividend Yield (%) 5.94
  • Last AGM 03 Jun 2016
  • Next AGM 03 Jun 2017
  • Last Annual Report Date 09 May 2016
  • Next due Report Date 31 Jul 2016
  • Next due Report Type I/R
  • Objective:

  • To construct a portfolio of good quality, defensive, senior debt investments secured by first ranking fixed charges predominantly against UK commercial property investments.
  • Management Group(s):

  • Longbow Real Estate Capital LLP
  • Managed by:

  • Kevin Cooper Start: 05 Feb 2013
  • Martin Wheeler Start: 05 Feb 2013
  • Phillip Archer Start: 05 Feb 2013
  • Trevor Homes Start: 17 Jun 2013
  • Management Contract & Fees:

    The Investment Manager is entitled to a management fee at a rate equivalent to 1% p.a. of the NAV paid quarterly in arrears based on the average NAV as at the last business day of each quarter ending 31 January, 30 April, 31 July and 31 October. The Investment Manager is also entitled to certain expenses incurred in carrying out its duties under the Investment Management Agreement, as well as legal, accounting, consultancy and other professional fees and expenses. No performance fee shall be payable. The Investment Management Agreement is for an initial period of 2 years from admission and will continue automatically thereafter but shall be terminable at any time by either the Investment Manager or the Company giving to the other not less than 12 months written notice.