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Contact details

19 Buckingham Street, London, United Kingdom, WC2N 6DU
44 20 7451 2928 (Fax Number)
44 20 7451 2929 (Main Number)

Investment objectives

The Company’s investment objectives are to achieve a high, secure dividend yield and to realise long‐term growth for the benefit of Shareholders, while taking care to preserve Shareholders’ capital.

Key Information

Fund vs sector

  1y 3y
Position 2 / 3 2 / 3
Quartile 2 2

Fund ratings

FE Crown Rating: 4 FE
Crown Rating


  1y 3y
Volatility 16.52 14.36
Alpha 7.16 9.24
Beta 0.94 0.59
Sharpe 1.10 0.94
InfoRatio 0.53 0.26
R2 0.55 0.35
Quartiles:   1  2   3  4   help with ratios
vs. Utilities»


performance chart
    1y 3y 5y 12m-24m 24m-36m 36m-48m 48m-60m
+23.1 +50.5 +26.3 +10.4 +10.8 -8.4 -8.4
  NAV +15.1+29.6+24.9+7.8 +4.5-5.0+1.5
  Utilities +19.8+42.1+23.9+11.2+6.7-9.1-4.1
Share Price
 ShareTypePriceDatePrem/DiscDiluted NAVGearingDiv yield
EstimLast pub.NetGross
pdf ECOFIN WATER & POWER OPPORTUNITIES ZDP ZDP 153.25 (p) 19-Dec-2014 n/a n/a n/a n/a 0.00 0.00
pdf ECOFIN WATER & POWER OPPORTUNITIES CONV Conv 106.25 (p) 19-Dec-2014 n/a n/a n/a n/a 5.65 5.65
pdf ECOFIN WATER & POWER OPPORTUNITIES ORD UNIT 146.00 (p) 19-Dec-2014 -16.70 181.27 176.55
156 4.71 4.71
Capital structure & income
Share Type Exchange Nominal value Issued Market value (m) Wind-up date Splits News
ECOFIN WATER & POWER OPPORTUNITIES ZDP ZDP n/a n/a - n/a n/a company announcements
Share identifiers: TIDM: ECWZ; SEDOL: B4Z6HJ8; ISIN: GB00B4Z6HJ81
ECOFIN WATER & POWER OPPORTUNITIES CONV Conv n/a n/a - n/a n/a company announcements
Share identifiers: TIDM: ECWL; SEDOL: B504KH3; ISIN: GB00B504KH32
ECOFIN WATER & POWER OPPORTUNITIES ORD UNIT LONDON 0 209,878,000 316.92 n/a n/a company announcements
Share identifiers: TIDM: ECWO; SEDOL: B09LK25; ISIN: GB00B09LK252
Detailed fund information
Fund type flag United Kingdom-registered Investment Trusts
Gross assets£593.6m / $926.9m
Sector Utilities
Asset ClassEquity
Own ISA wrapper Fund has ISA Wrapper help with ISA
Savings plan Fund has no Savings Plan 
Annual accountsannual (Click to order)
Last report / accounts29-May-2014
Last AGM10-Mar-2014
Next AGMMarch 2015
Management contractEcofin Limited is the investment manager of the Company’s assets. The annual investment management fee is 1.25% per annum of chargeable assets (reduced from 1.5% per annum), payable quarterly in arrears. The annual fee is charged 75% to capital and 25% to revenue within the Company’s statement of comprehensive income. The investment manager may continue to earn an additional fee for meeting certain performance criteria (subject to a high water mark and hurdle rate of 10%) in respect of the Company’s current financial year ending 30 September 2014, however no performance fee will be payable in respect of future periods. Administration and secretarial services are provided by BNP Paribas Securities Services and BNP Paribas Secretarial Services, respectively, and Citigroup has custody of the Company’s assets, as independent custodian.
Borrowing limitn/a
Continuation / Wind-up provisionOn 27 February, 2014 the Board announced that in order to provide greater clarity to shareholders in the run-up to the expiry of the ZDPs and the maturity of the CULS in July 2016, it will convene a general meeting of the Company in the first half of 2016 in order to propose an ordinary resolution that the Company continue its business as a closed-end investment company. If the resolution is not passed, the Board will be required to put proposals for the reconstruction, reorganisation or wind-up of the Company to Ordinary Shareholders for their approval. The Company has 210 million Ordinary Shares outstanding, £79.9 million nominal of CULS and 60 million ZDP Shares.
Dividend policyn/a
Investment restrictionsn/a
Reconstruction proposaln/a
Settlement detailsn/a
Tax policyn/a
Peer groups
Region Asset Class Investment Focus Sector
Global Equity Energy, Utilities Utilities
Largest holdings, 31-Oct-2014
Holding (%) Rank Holding (%) Rank
Regional weightings, 31-Oct-2014
Region (%) Rank  
USA 43.00 1 43.00% USA
Continental Europe 26.20 2 26.20% Continental Europe
UK 14.10 3 14.10% UK
Global Emerging Markets 10.20 4 10.20% Global Emerging Markets
Canada 3.80 5 3.80% Canada
Other Developed Markets 2.70 6 2.70% Other Developed Markets
Sector weightings, 31-Oct-2014
Sector (%) Rank  
Utilities 39.40 1 39.40% Utilities
Energy 23.40 2 23.40% Energy
Infrastructure 15.80 3 15.80% Infrastructure
Alternative & Renewable Energy 11.20 4 11.20% Alternative & Renewable Energy
Others 4.60 5 4.60% Others
Unquoted 4.20 6 4.20% Unquoted
Fixed Interest 1.40 7 1.40% Fixed Interest

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated using closing mid prices and with net income (dividends) reinvested. NAV total return performance figures are calculated using fully diluted (where applicable) daily estimated NAV figures from Thomson Financial Datastream and with gross income (dividends) reinvested.

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PIMCO High Yld $: Net Asset Value(s)

07:05 AM | 17-Dec-2014

Latest Fundswire  

Asset allocation

US Equities, 43.00%
43.0000% ofUS Equities
European Equities, 26.20%
26.2000% ofEuropean Equities
UK Equities, 14.10%
14.1000% ofUK Equities
Global Emerging Market Equities, 10.20%
10.2000% ofGlobal Emerging Market Equities
Canadian Equities, 3.80%
3.8000% ofCanadian Equities
International Equities, 2.70%
2.7000% ofInternational Equities

Sector analysis


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