ProVen Planned Exit VCT Ord

To provide investors a tax-free return of at least 8.4% per annum over the life of the company on the net investment after initial tax relief of 70p per share. The company will invest in companies across several industries. The manager will seek to invest primarily in UK unquoted companies with substantial assets or having reliable revenue streams from financially sound costumers. Up to 75% of the fund will be invest in Qualifying Investment and the remaining fund will remain in a range of fixed income securities, money market funds and secured loans within the conditions imposed on all VCTs.

Key stats

Management firm  Beringea
Domicile  United Kingdom
Global Branding Name  Beringea
12 month yield  8.50%
Fund currency  GBP
Launch Date  2011-04-11
ISIN  GB00B517XC78
SEDOL  B517XC7
Manager 1 Name  Managed Team
Fund Strategy  Other
Fund Structure  Closed Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-08-31
Return - 1 Month  0.00%
Return - 2 Months  -6.37 %
Return - 3 Months  -2.64%
Return - 6 Months  -1.07 %
Return - 9 months  -5.52 %
Return - 12 Months  1.52%
Annualized return 24 months  0.26 %
Annualized return 36 months  -2.22 %
Annualized return 48 months  0.00 %
Annualized return 60 months  0.00 %
Return 120 months  0.00 %
Annualized return since Inception  -2.12%
Return YTD  -5.52%

Charges

Initial  0.00 %
Maximum Managment Charge  1.75 %
Exit charge  0.00 %
Performance Fee  20.00 %

Contact

Contact Address  39 Earlham Street
Contact city  London
Contact country  United Kingdom
Fund Admin Group  Beringea
Web Address  www.beringea.com
Phone  020-7845 7820

Price

Last Price Date  2014-09-26
Pre-tax nav  0.76
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  £0.00
Price change (percentage)  0.00 %
Guaranteed NAV  0.00000
Close Price  0.00

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Ratings Disclaimer

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