Facts & Figures

About BB Healthcare Trust

BB Healthcare Trust plc is a high conviction, long-only investment trust invested in listed or quoted global healthcare equities. It is unconstrained and able to invest regardless of market cap, sub sector or region, and the portfolio is concentrated with a maximum of 35 holdings. The target total dividend in the first financial period is 3.5 pence per ordinary share (to be paid mostly out of capital) and in subsequent financial years will be set at 3.5 per cent. of net asset value at the end of the preceding financial year (to be paid mostly out of capital). BB Healthcare has an annual redemption option in order to assist with discount control and directors’ fees (for UK-based directors) are paid in shares. BB Healthcare is managed by Bellevue Asset Management AG which has built a successful track record in this sector.

Facts & Figures

IssuerBB Healthcare Trust (LSE main Market (Premium Segment, Official List) UK Incorporated Investment Trust)
LaunchDecember 2, 2016
ISINGB00BZCNLL95
Investment ManagerBellevue Asset Management AG; external AIFM
Investment objectiveGenerate both capital growth and icome by investing in a portfolio of global healthcare stocks
BenchmarkMSCI World Healthcare Index (in GBP) - BB Healthcare will not follow any benchmark
Investment policyBottom up, multi-cap, best ideas approach (unconstrained w.r.t benchmark)
Number of ordinary shares159 131 000
Number of holdingsMax. 35 ideas
Gearing policyMax. 20% of NAV
Dividend policyTarget annual dividend set at 3.5% of preceding year end NAV, to be paid in two equal instalments
Fee structure0.95% flat fee on market cap (no performance fee)
Discount managementAnnual redemption option at/close to NAV

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Factsheets / 03.05.2017

Factsheet April 2017