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Contact details

ManagerGroupLogo
Northumberland House, Princess Square, Newcastle upon Tyne, NE1 8ER
0191 244 6001 (Fax Number)
0191 244 6000 (Main Number)

new@nvm.co.uk


Investment objectives

To invest mainly in UK unquoted companies and aims to provide high long-term tax-free returns to shareholders through a combinations of dividend yield and growth.

Key Information

Fund vs sector

  1y 3y
Position 47 / 61 18 / 63
Quartile 4 2

Fund ratings

FE Crown Rating: 0 FE
Crown Rating
(Quantitative)
(Unrated Sector)

Ratios

  1y 3y
Volatility 7.07 13.35
Alpha 6.27 4.21
Beta 0.29 1.92
Sharpe 0.66 0.87
InfoRatio 0.15 0.73
R2 0.01 0.20
Quartiles:   1  2   3  4   help with ratios
vs. VCT Generalist»

Performance

performance chart
chart
    1y 3y 5y 12m-24m 24m-36m 36m-48m 48m-60m
+2.5 +44.2 +91.8 +33.0 +5.7 +10.6 +20.3
  NAV +9.6+37.1+84.2+12.0 +11.6+19.4+12.6
  VCT Generalist +5.9+18.0+37.5+7.6+3.6+5.2+10.8
Share Price
 SharePriceDatePrem/DiscDiluted NAVGearingDiv yield
EstimLast pub.NetGross
pdf NORTHERN VENTURE TRUST PLC ORD 77.75 (p) 22-Dec-2014 -9.52 85.93 86.80
30-Sep-2014
100 7.72 7.72
Capital structure & income
Share Type Exchange Nominal value Issued Market value (m) Wind-up date Splits News
NORTHERN VENTURE TRUST PLC ORD UNIT LONDON 25 95,081,000 73.93 n/a n/a company announcements
Share identifiers: TIDM: NVT; SEDOL: 0645070; ISIN: GB0006450703
Detailed fund information
Launched1984
Gross assets£81.7m / $127.6m
Sector VCT Generalist
Asset ClassEquity
Annual accountsn/a
Last report / accounts19-Nov-2014
Last AGM12-Dec-2013
Next AGMDecember 2014
EGM27-Oct-2005
Stockbroker(s)Singer Capital Markets
Management contractNVM Private Equity Limited receives a management fee, payable quarterly in advance, at the rate of 2.06% of gross assets less current liabilities, calculated at half-yearly intervals as at 31-Mar and 30-Sep. NVM bears the cost of Sarasin & Partners LLPs fees for managing the listed fixed-interest portfolio. The proposed performance-related fee will become payable only when the total return (defined as movement in NAV plus dividends paid) in a financial year exceeds a specified minimum hurdle rate. The hurdle rate will be a composite rate comprising (a) 7% on average long-term investments and (b) the higher of (i) base rate and (ii) 3% on average cash and near-cash investments during the year. The amount of cash or near-cash investments qualifying for the second category will be limited to 25% of total investments so that any excess of cash or near-cash investments over 25% of total investments will be subject to the higher rate of 7%. The performance-related fee in each financial year will be equivalent to 15% of the amount, if any, by which the total return exceeds the hurdle. Following a financial year or years in which NAV reduces, a high water mark will apply to the calculation of the performance-related fee whereby an amount equivalent to the reduction will be deducted from subsequent total returns achieved prior to any further performance-related fee calculation taking place. The performance-related fee is subject to a cap of 2.25% of opening NAV for the relevant financial year.
Borrowing limitn/a
Continuation / Wind-up provisionn/a
Dividend policyn/a
Investment restrictionsn/a
Reconstruction proposaln/a
Settlement detailsn/a
DirectorsJohn Hustler (Chairman), Nigel Beer, Simon Constantine, Tim Levett, Hugh Younger
Administratorn/a
RegistrarEquiniti Limited
Tax policyProvision is made for deferred taxation, using the liability method, on all material timing differences to the extent that it is considered probable that a liability will crystallise. There is Income tax relief at 20% on new subscriptions (provided the shares are held for at least 3 years)
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Equity n/a VCT Generalist
Largest holdings, 30-Sep-2014
Holding (%) Rank Holding (%) Rank
KERRIDGE COMMERCIAL SYSTEMS9.401VOLUMATIC HOLDINGS2.806
CGI GROUP INC3.502WEAR INNS2.507
ADVANCED COMPUTER SOFTWARE GRP PLC3.103BUOYANT UPHOLSTERY2.408
SILVERWING3.104KITWAVE ONE2.109
WELDEX (INTERNATIONAL) OFFSHORE3.005MSQ PARTNERS2.0010
 Total33.90 
Regional weightings, 30-Sep-2014
Region (%) Rank  
UK 85.10 1 85.10% UK
Cash and deposits 14.90 2 14.90% Cash and deposits
Total100.00 


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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Asset allocation

UK Equities, 85.10%
85.1000% ofUK Equities
Money Market, 14.90%
14.9000% ofMoney Market

Sector analysis

Charting

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