Downing Income VCT Ord

To achieve long term capital growth through investment in a diversified portfolio of Qualifying Companies primarily quoted on AIM. The manager may also invest in companies traded on OFEX. Downing appointed as a manager of the Company (01-Mar-12) will, over time, transfer around half of the qualifying investments into unquoted companies which have the potential to generate attractive returns. It will in the process manage a careful selling programme of a number of the Companys AIM stocks and will focus upon the AIM stocks where it believes there is the most opportunity for upside. This change of strategy will reduce the Companys exposure to the AIM market, which has been volatile, and broaden the investments in the portfolio to include private equity backed businesses. This change of strategy will require shareholder approval and accordingly a resolution to amend the Companys investment policy will be put to shareholders at the AGM to be held in July 2012.

Key stats

Management firm  Downing
Domicile  United Kingdom
Fund Administrator  Downing Corporate Finance
Global Branding Name  Downing
Fund Status  OBSOLETE
12 month yield  6.06%
Fund currency  GBP
Launch Date  2005-12-21
Obsolete Date  2013-11-15
ISIN  GB00B0MV7V01
SEDOL  B0MV7V0
Manager 1 Name  Team Managed Downing Corporate Finance
Fund Strategy  Other
Fund Structure  Closed Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2013-10-31
Return - 1 Month  0.00%
Return - 2 Months  0.00 %
Return - 3 Months  5.34%
Return - 6 Months  1.23 %
Return - 9 months  -11.29 %
Return - 12 Months  9.32%
Annualized return 24 months  -6.66 %
Annualized return 36 months  -10.26 %
Annualized return 48 months  -6.02 %
Annualized return 60 months  -1.38 %
Annualized return since Inception  -6.57%
Return YTD  5.05%

Charges

Maximum Managment Charge  1.80 %

Contact

Contact Address  69 Eccleston Square
Contact city  London
Contact country  United Kingdom
Fund Admin Group  Downing
Web Address  www.downingcf.co.uk
Email contact  info@downing.co.uk
Custodian  HSBC Bank PLC
Phone  +44(0)2074167780

Price

Last Price Date  2013-11-14
Pre-tax nav  0.27

Funds Disclaimer

© 2011 - Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed (save (i) as incidentally necessary in the course of viewing it on-line (ii) in the course of printing off single copies of web pages on which it appears for the use of those authorised to view it on-line), or adapted in any way (3) is not warranted to be accurate, complete or timely. This Morningstar-sourced information is provided to you by GFM Ltd and is at your own risk. You agree that Morningstar and or GFM Ltd are not responsible for any damages or losses arising from any use of this information and that the information must not be relied upon by you the user without appropriate verification. GFM Ltd informs you as follows: (i) The information provided should not form the sole basis of any investment decision (ii) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (iii) past performance is no guarantee of future results; and (iv) the value and income derived from investments can go down as well as up.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

Ratings Disclaimer

© 2010 - 2011 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

All our data is licensed from Morningstar UK Ltd. Important legal information