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Baronsmead Second Venture Trust plc (BMD) Ordinary 10p

Sell:68.50p Buy:71.50p 0 Change: No change
Market closed Prices as at close on 25 November 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:68.50p
Buy:71.50p
Change: No change
Market closed Prices as at close on 25 November 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:68.50p
Buy:71.50p
Change: No change
Market closed Prices as at close on 25 November 2020 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

The investment objective of the Company is to achieve long-term investment returns for private investors, including tax free dividends. The investment policy is to invest primarily in a diverse portfolio of UK growth businesses, whether unquoted or traded on AIM. Investments are made selectively across a range of sectors in companies that have the potential to grow and enhance their value.
Security Weight
LF Gresham House UK Micro Cap (Inc) 12.72%
Carousel Logistics 5.53%
Ideagen Plc Ordinary 1p 5.04%
JPM GBP Liquidity LVNAV Mgan (dist.) 4.94%
Happy Days Consultancy 3.46%
Bioventix plc Ordinary 5p 3.11%
Pho Holdings 3.04%
Cerillion plc Ordinary 0.5p 2.81%
Glide Investments 2.76%
Ten10 Group 2.36%
Sector Weight
Technology 20.36%
Industrials 9.48%
Consumer Cyclical 7.24%
Healthcare 6.83%
Financial Services 4.10%
Consumer Defensive 2.97%
Real Estate 1.31%
Utilities 0.52%
Basic Materials 0.41%
Communication Services 0.33%
Country Weight
United Kingdom 58.77%
United States 0.72%
Sweden 0.48%
Australia 0.19%
Germany 0.08%
Netherlands 0.07%
Canada 0.06%

Fee Structure

Management fee of 2.5% p.a. of the NAV of the Company which is paid quarterly in arrears. A performance fee is paid up to 5% of NAV when the net return of the ordinary shares exceeds 8 % of NAV p.a.. To the extent that the total return exceeds the threshold, a performance fee plus VAT will be paid to the Manager of 10% of the excess.

Dividend Policy

Annual dividends each year and the level of the dividends will depend on investment performance, the level of realised returns and available liquidity. The following two guidelines shaped its dividend policy:The Board will seek to pay two dividends to Shareholders in each calendar year, typically an interim in September and a final dividend following the AGM in February/March; The Board will use, as a guide, when setting the dividends for a financial year, a sum representing 7% of the opening NAV of that financial year.

ASSET SPLIT

Total number of holdings: 72.

Trust Manager

Ken Wotton

Manager Bio

Ken joined Gresham House in November 2018, with its acquisition of Livingbridge Equity funds. He spent 11 years previously with Livingbridge and continues to lead the Equity Funds investment team managing all AIM and other listed investments, including the Baronsmead VCTs, LF Gresham House UK Micro Cap fund and LF Gresham House UK Multi Cap Income fund. He graduated from Oxford University before qualifying as a Chartered Accountant with KPMG and following he moved into equity research with Commerzbank then Evolution Securities. Whilst there he built sector expertise in tech & telcos, along with a strong knowledge of large / small listed companies and their associated corporate transactions.

Board Of Directors

Sarah FromsonChairman, Anthony Townsend, Maurice Groat, Tim Farazmand

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.