The portfolio is invested in equities and high income and fixed interest securities in order to achieve its investment objectives. It is the aim of the Company to provide both income and capital growth predominantly through investment of approximately 70% to 80% of the portfolio in smaller capitalised United Kingdom companies admitted to the Official List of the United Kingdom Listing Authority and traded on the London Stock Exchange or traded on AIM. The Company also aims to further enhance income for Shareholders by investing approximately 30% of its assets in high yielding securities which will be predominantly fixed interest securities but may include up to 15% of the portfolio in high yielding investment company shares.
Management fee of 0.7% p.a. of gross assets. Minimum annual management fee GBP 100,000. A performance fee of 15% of any excess over a total return of 10% p.a..
The policy is to provide Ordinary Shareholders with a high income relative to the average dividend yield of the UK Smaller companies comprised in the Numis Smaller Companies Index ex Investment Companies. The Company aims to pay a regular quarterly dividend in March, June, September and December. The ZDP shares do not carry a right to a dividend.