Top 10 Equities as a % of Gross Assets Telecom Plus ... - Herald

boliviahonorableManagement

Nov 18, 2013 (3 years and 6 months ago)

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Important information: Past perform
ance is not necessarily a guide to future performance.
Indices are rebased to 98.7p

-

t
he Basic NAV at inception.










Inception

16 Feb

1994

At

30 September

2013

At

31 October

2013

Since

30 September

2013

Since

Inception

N
AV

(p)
(excluding

current
year
income)

98.7

747.5

763.8

+2.2%

+673.9
%

NAV (p)
(including
current year
income)


N/A

747.5

763.
5

+2.1%

N/A

Numis SC + AIM
(capital gains
excl Investment Trusts
)

1750.0

4413.3

4564.8

+3.4%

+160.8%

Performance comparator*

98.7

259.3

265.8

+2.5%

+169.3%

Share Price (p)

90.9**

637.0

657.5

+3.2%

+623.3%

*
Performance comparator

(2/3 Numis Small Compan
ies + AIM (capital gains ex IT) and 1/3 Russell Technology Index in Sterling terms)

**90.9p is CGT base subscription price for shareholders adjusting for warrants, issued on a 1 for 5 basis

Top 10 Equities as a % of Gross

Assets

1

Telecom Plus

2.8
%

2

Diploma

2.7
%

3

Imagination Technologies

2.5
%

4

M&C Saatchi

2.3
%

5

Op
sec Security

2.0
%

6

Euromoney

1.8%

7

Idox

1.8
%

8

ATMI

1.7%

9

Phoenix IT Group

1.7
%

10

GB Group

1.
7
%



21.0
%

Total No. of Equi ty Hol dings

25
3

Share Price

6
57.5
p

Discount


13.9
%

NAV per share

(excl udi ng current year i ncome)

763.8

p

Net Assets of
HIT

(excl udi ng current year i ncome)

£
593.1
m

Fund Objective:
Herald’ s objective is to achieve capital appreciation through investments in smaller quoted companies in the areas of communi
cations and
multi
-
medi a. Invest
ments will be made throughout the world. The business activities of investee companies will include i nformation technology, b
roadcasting,
printing and publishing and the supply of equipment and services to these companies.






Comparative Statistics

Performanc
e Since Inception

Geographical Breakdown

% of Gross Assets

www.heralduk.com




















No of Shares in issue

77
,
679
,546

Dividend

1p per share dividend (year ending 31 December 2012)


Gearing

Percentage of Net A
ss
ets invested in equi
ties is
100.0
%

Management Fee

1% per annum, paid month
ly in arrears

Investment

Shares are quoted on the London Stock Exchange and can be purchased through a
stockbroker or financial adviser.

ISAable?




Ticker

Sedol

ISIN



Yes, shares are eligible to be inv
ested in an ISA. However, as neither Herald
Investment Trust nor Herald Investment Management currently run such a scheme,
you should ask your financial adviser about a suitable self
-
select ISA provider.


HRI (London)

0422864 GB

GB0004228648



The capital value of shares in HIT and the income distributed may fluctuate in accordance with the underlying performance of
the shares and
securities in which the Trust invest
s. In addition, as the shares in HIT are traded on a stock market, the share price will fluctuate in accordance with
supply and demand and may not reflect the underlying net asset value of the shares; where the share price is less than the un
derlying value

of the
assets, the difference is known as the ‘discount’. For these reasons, investors may not get back the original amount invested
.


HIT may borrow money in order to make further investments. This is known as ‘gearing’ and can enhance shareholder return
s in rising markets but,
conversely, can reduce them in falling markets.


This factsheet has been issued and approved by Herald Investment Management Ltd, which is authorised and regulated by the Fin
ancial Conduct
Authority.



Herald Investment Management Ltd

10
-
11 Charterhouse Square

London

EC1M 6EE


Tel: 020 7553 6300

Fax: 020 7490 8026

www.heralduk.com

www.heralduk.com