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 (UK) Ltd. which has built a successful track record in this sector.

Facts & Figures

Issuer BB Healthcare Trust (LSE main Market (Premium Segment, Official List) UK Incorporated Investment Trust)
Launch December 2, 2016
ISIN GB00BZCNLL95
Investment Manager Bellevue Asset Management (UK) Ltd.; external AIFM
Investment objective Generate both capital growth and icome by investing in a portfolio of global healthcare stocks
Index membership FTSE 250
Benchmark MSCI World Healthcare Index (in GBP) - BB Healthcare will not follow any benchmark
Investment policy Bottom up, multi-cap, best ideas approach (unconstrained w.r.t benchmark)
Number of holdings Max. 35 ideas
Gearing policy Max. 20% of NAV
Dividend policy Target annual dividend set at 3.5% of preceding year end NAV, to be paid in two equal instalments
Fee structure 0.95% flat fee on market cap (no performance fee)
Discount management Annual redemption option at/close to NAV