About company profile pages
The profile pages provide detailed information about each company. Please note that all asset related data, such as total assets, gearing and NAVs, is estimated data and discounts/premiums are calculated based on estimated data by Morningstar. For further information on the NAV estimation procedure please see Net Asset Value.
Overview
The overview provides some basic information such as the company's investment objective, fund manager(s), management group and board of Directors. Further information on the fund manager may also be available if it has been provided to the AIC.
The investment focus indicates the AIC sector and any relevant benchmark indices. The AIC sectors aim to group companies according to their investment objective and where they invest in order to assist in comparison, see Sectors for more information. The benchmark index information may consist of both a fund manager benchmark index and a Morningstar allocated benchmark index. The fund manager benchmark index could be a performance target of the company or an indication of the market the company intends to invest in. The Morningstar allocated benchmark index is allocated by Morningstar as a relevant performance benchmark. Morningstar is a company that provides analysis and data on investment companies.
The calendar provides key dates or events that are significant for the company and/or shares within the company.
The capital structure indicates the types and number of the company's share classes that make up a company's capital structure. For split capitals the capital structure is shown in order of entitlement to repayment of capital at wind up. If a company is holding shares in treasury, or has any warrants of subscription shares in issue, details are provided here.
The trading details provide information about where the shares of the company are traded, what currency they are traded in and the common unique share identifiers used. All data on this website is shown in Sterling. If the company's shares are traded in a foreign currency the exchange rates are shown.
Financial profile
This section contains daily updated information on the financial make-up of the company. For split capitals the financial make-up section and the capital structure section contain daily updated information on the overall financial structure and the relative values of the share classes within this structure. For full details of the terms please see the glossary entry by clicking on the relevant heading(s) in the list below. Total assets data is estimated, and therefore all data relating to the total assets is based on estimated data.
The operating costs and expenses section includes TERs (Total Expense Ratios), where available, and management agreement information. This information is valuable in the assessment of likely expenses within the company. It is important to note that not all definitions of Total Expense Ratio are the same. Total Expense Ratios also do not include all expenses. The TERs published by the AIC are calculated by Lipper, a Thomson Reuters Company. The TER data is provided strictly for information purposes only and is not to be considered as any form of investment advice. No investment decision should be taken based in whole or in part on the data provided. For further detail regarding the TER calculation, view the TER explanatory notes (PDF 43KB).
The key investment areas section provides a breakdown of where the company is investing and in which industrial sector, and the value of any cash and fixed interest holding, as a percentage of total assets. Data is at the date specified. Please note that the % allocation will change over time as the portfolio and the assets of the company change.
The investments section provides information on specific holdings as released by the company at the date specified and the value of these holdings as a percentage of the total assets. Please note that the % allocation will change over time as the portfolio and the assets of the company change.
Price and performance data
The daily overview provides information about the company's shares. A graph shows the changes in value of the share price and NAV taking no account of dividend payments.
The table in the daily overview section contains daily information, where appropriate, on the stocks and share classes that make up a company's capital structure. For full details of the terms please see the glossary entries by clicking on the relevant heading(s) in the list below. NAV data is estimated and discount/premium data is calculated based on estimated data by Morningstar and therefore all data relating to NAVs is based on estimated data. For further information on the NAV estimation procedure please see Net Asset Value.
The historical performance tables show the share price(s), NAV(s), and the benchmark index data if appropriate over 1, 3, 5 and 10 years, as well as 5 discrete year share price total return, NAV total return and NAV cumulative total return performance data. For VCTs, a table of historic dividend distributions is also provided. For split capital companies, ZDP index data is shown alongside the ZDP performance data.
Please note that whilst fair value NAVs including income are published on this site, the long term performance data is currently calculated using the diluted NAV with debt at par value and income excluded, except for the 1 year data, and the discrete data from 31 May 2008 which are calculated using the diluted NAV with debt at fair value and income included. This is due to a lack of historic cum income NAVs, with debt at fair value.
For further details about the calculations please see the glossary entry by clicking on the relevant heading(s) in the list below:
Announcements
This section contains the regulatory news announcements made by the company over the previous year. NAV announcements are accessible through the link provided. The announcements on these pages are updated every 3 hours.
For companies with multiple classes of share in issue (e.g. C shares or currency shares) the announcements are generally made under the Ordinary or GBP share class.
Management
This section contains the contact details of the management group or, if self-managed, the company.
Company documents
The company documents, available to download from the Overview, Financial profile, Price and performance and Announcements tabs, are provided by FundsLibrary.
