Oberon AIM VCT
Applications Open
Now accepting applications for the 2026/27 tax year
Important information - Venture Capital Trusts (VCTs) invest in small, early-stage, unlisted companies and are considered high-risk investments. It’s difficult to access your money in the short term and their value can go down as well as up so you could get back less than you put in. VCTs are long-term investments and should only be a consideration for experienced investors with larger portfolios. We suggest they form a small part of a diversified portfolio. This isn’t personal advice, if you’re unsure if VCTs are right for you, please consider taking advice. Tax rules can change, and their benefits depend on your individual circumstances.
About Oberon AIM VCT
Oberon AIM VCT is a strategic relaunch of the New Century AIM VCT 2, aimed at rejuvenating and repositioning the trust to enhance its appeal as a tax-efficient investment vehicle, focused on AIM-listed shares. The manager believes that although there’s been an extended period of underperformance in small-cap and AIM markets which has been challenging, history suggests they could now be on the brink of a market rebound.
Key facts
Launched in April 2007
Annual dividend target of 5%. Though dividends are not guaranteed
Raising £1.85mn
As at 31 December 2025 the VCT held £1.9mn in assets under administration
No investment manager charges until 01 October 2026
VCT offer details
Open to UK investors located and resident in the UK.
Minimum application of £5,000, capped at a maximum of £200,000.
You must hold an HL Fund and Share Account to apply, you can open one during the application process.
Investors will qualify for a 0.6% rebate, this will be provided annually as bonus shares for 5 years.
The offer price will be established through the issue.
Shares are allocated in tranches by the VCT manager during the offer period. There may be a several weeks until your shares are allotted.
Applications can close early and at short notice, especially if there is strong demand.
All VCT dividends are credited to your account as cash. We do not offer Dividend Reinvestment Schemes (DRIS), so you will need to manually reinvest any income if you wish to increase your holdings.
Any application in this VCT should be made on the basis of the VCT Offer Document and any supplementary information issued by the VCT manager. The Offer Document and supporting documents are provided by Oberon AIM VCT, Hargreaves Lansdown has not authorised or approved them and is not responsible for their accuracy.
Ready to Invest?
Make sure you’ve read these key documents. They cover in more detail the risks and investment strategy of this VCT.
Example companies held by Oberon AIM VCT
Renalytix is a developer of artificial intelligence-enabled clinical in vitro diagnostic solutions for kidney disease. The company's flagship product, KidneyIntelIX, is designed to enhance kidney disease diagnosis and prognosis, manage transplants, improve clinical care, and aid in patient stratification for drug clinical trials and drug target discovery.
A life science company dedicated to skin health, this firm targets five specific sectors: cosmetic skincare, food supplements for skin conditions, medical skincare, and infection control in both home and hospital environments. The company has developed multiple applications for active skincare to treat conditions such as eczema, rosacea, psoriasis, acne, provide UV protection, and aid in wound healing.
Audioboom stands as a global leader in podcasting, boasting 100 million downloads each month by 38 million unique listeners worldwide. The platform operates on an international scale, maintaining global partnerships across North America, Europe, Asia, and Australia. Audioboom distributes its content through a variety of channels including Apple Podcasts, YouTube, Pandora, Amazon Music, Google Podcasts, iHeartRadio, and social media platforms such as Facebook and Twitter, as well as through partners' own websites and mobile apps.
To see more detail on how the VCT invests, check the VCT Offer Document. The Offer Document and supporting documents are provided by Oberon AIM VCT, Hargreaves Lansdown has not authorised or approved them and is not responsible for their accuracy.
Past Performance
You can view the past performance data of this VCT on our factsheet. You’ll need to return to this page to place a deal.
Costs and charges
| VCT manager initial charge: | 2.5% |
| HL saving on the initial charge: | 0% |
| Net initial charge | 2.5% |
| Ongoing charge | 6.3% |
If you wish to sell your VCT, a £29 telephone charge will apply. You'll be charged 0.35% (capped at £12.50 per month) for holding VCTs in a Fund and Share account. Learn more about our charges.
Other incidental charges for buying and selling investments may apply. Details on this are available in the offer document and key information document.
Full breakdown of charges
The following charges are based on an investment of £10,000 within a Fund and Share Account over 5 years assuming a 5% growth rate. We’ve used the initial charge including the HL saving, but no further discounts like early bird or existing investor discounts have been applied. The annual rebate is also not included.
Holders should also get income from the VCT, on which there's no charge from HL and so isn't included in these figures. The income you’ll receive isn't guaranteed and you could get back less than you invest.
| Management charge | £192.60 |
| Entry dealing charge | £0.00 |
| Exit dealing charges | £29.00 |
| Stamp duty (N/A) | £0.00 |
| Net initial charge (2.5%) | £250.00 |
| Ongoing charge (6.3%) | £2,881.43 |
| Transaction costs | £0.00 |
| Incidental charges | £0.00 |
| Total charges over 5 years | £3,324.03 |
| Average annual charge | 7.09% |
| Illustrative 5-year value | £8,996.32 |
| Illustrative 5-year value with no charges applied | £12,762.82 |
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
|---|---|---|---|---|---|---|
| HL Charges | £33.78 | £33.24 | £32.71 | £32.19 | £60.670 | £192.60 |
| Management charge | £33.78 | £33.24 | £32.71 | £32.19 | £31.67 | |
| Entry dealing charge | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Exit dealing charge | £0.00 | £0.00 | £0.00 | £0.00 | £29.00 | £50.00 |
| Investment charges | £845.03 | £585.52 | £576.17 | £566.96 | £557.75 | £3,131.43 |
| Stamp duty (N/A) | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Net initial charge (2.5%) | £250.00 | £0.00 | £0.00 | £0.00 | £0.00 | £250.00 |
| Ongoing charge (6.3%) | £595.03 | £585.52 | £576.17 | £566.96 | £557.75 | £2,881.43 |
| Transaction costs | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Incidental charges | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Total charges over 5 years | £878.82 | £618.77 | £608.88 | £599.15 | £618.41 | £3,324.03 |
| Average annual charge | 9.09% | 6.51% | 6.51% | 6.51% | 6.83% | 7.09% |
| Illustrative 5-year value | £9,594.16 | £9,440.82 | £9,289.92 | £9,141.43 | £8,966.32 | £8,966.32 |
| Illustrative 5-year value with no charges applied | £10,500.00 | £11,025.00 | £11,576.25 | £12,155.06 | £12,762.82 | £12,762.82 |
The costs and charges shown are for illustration purposes only based on the assumptions presented. Total HL charges and 5 year HL charges also include a £29 exit dealing charge. Figures may not add up to the given total due to rounding.
Ready to Invest?
Make sure you’ve read these key documents. They cover in more detail the risks and investment strategy of this VCT.