The Property Income Trust for Charities
The Property Income Trust for Charities is a Unit Trust designed as a pooled property vehicle that is available to all UK Charities to co-invest in UK property in a manner that is tax efficient for both income and capital. It also has the advantage of allowing properties to be acquired free of Stamp Duty Land Tax.
The Trust’s objective is to invest in commercial property throughout the UK. It aims to deliver an income yield of around 6% p.a, while at least growing the capital in real terms.
| Key Statistics (as at 31st January 2012) | |
|---|---|
| Fund Type | Exempt Unauthorised Unit Trust |
| Fund Manager | James Thornton |
| Launch Date | September 2004 |
| Portfolio Value | £137.83m |
| Cash | £13.25m |
| Net Asset Value | £105.46m |
| Number of Assets | 30 |
| Distribution Yield | +7.0% * |
| Unit Price | Bid 71.60 p.p.u Offer 74.80 p.p.u |
The MC Income Plus Fund
The MC Income Plus Fund is an Exempt Unauthorised Unit Trust open to all types of UK Pensions Investors. The Fund is invested in a diversified group of properties, focusing on quality and longevity of income. The Fund has a target distribution yield of 5-6% per annum, whilst aiming to outperform the AREF/IPD UK Pooled All Balanced Property Funds Index.
The Fund is priced quarterly and dealing is available at the end of each quarter on a Net Asset Value (NAV) basis.
| Key Statistics (as at 30th September 2011) | |
|---|---|
| Fund Type | Exempt Unauthorised Unit Trust |
| Fund Manager | Guy Brogden |
| Launch Date | July 2004 |
| Portfolio Value | £35.57m |
| Cash | £0.1m |
| Net Asset Value | £23.1m |
| Number of Assets | 16 |
| Distribution Yield | 7%+ * |
| Unit Price | £5.78 |
The MC Property Growth Fund No. 2
The The MC Property Growth Fund No. 2 is an Open Ended Investment Company (OEIC). The Fund invests in commercial property, predominately in the UK, directly or through investments in joint venture companies, quoted property companies, collective investment schemes, or other property related financial instruments.
The Fund aims to deliver a total return on equity invested of at least 10% per annum, net of fees and expenses, by acquiring properties and other property related investments which together will provide medium term (3-5 year) capital growth. Given the differential between income and capital gains tax rates, the fund aims to minimise income distributions.
| Key Statistics (as at 31st December 2011) | |
|---|---|
| Fund Type | OEIC |
| Fund Manager | James Thornton |
| Launch Date | February 2008 |
| Total Direct Property | £1.95m |
| Indirect Investments | £2.27m |
| Joint Ventures | £2.11m |
| Cash | £5.92m |
| Net Asset Value | £12.26m |
| Share Price | £101.15 |
MC UK Property Fund
The MC UK Property Fund is an Isle of Man Open Ended Investment Company (OEIC), enabling professional clients, family offices and institutions to invest directly into UK property. Investment can be with cash, through their pension fund or other structures. The Fund is invested in a diversified group of properties.
The Fund has an absolute return objective of 8% per annum, and does not aim to provide a regular income return. The fund is priced quarterly and dealing can be arranged at the end of a each quarter on a Net Asset Value (NAV) Basis.
| Key Statistics (as at 31st March 2011) | |
|---|---|
| Fund Type | OEIC |
| Fund Manager | Guy Brogden |
| Launch Date | October 2006 |
| Portfolio Value | £14.41m |
| Number of Assets | 6 |
| Net Asset Value | £3.58m |
| Unit Price | £17.52 |
The MC Property Unit Trust
The MC Property Unit Trust is a Jersey Property Unit Trust (JPUT), with £100m of equity from Schroders Property Investment. The Fund will be priced quarterly.
The investment strategy will be to invest into core/core plus UK commercial property across all sectors.
Visit website| Key Statistics (as at 31st December 2011) | |
|---|---|
| Fund Type | JPUT |
| Fund Manager | Robert Palmer |
| Launch Date | July 2010 |
| Portfolio Value | £68.83m |
| Number of Assets | 15 |
| Net Asset Value | £81.28m |
| Portfolio Initial Yield | 6.60% |