BMO Private Equity Trust PLC

Performance

Source: Lipper. Basis: share price, percentage growth, bid to bid, net income reinvested.

Cumulative performance 1 month Year to date 1 Year 3 Years 5 Years
NAV N/A

-0.4

13.3

42.1

73.9

Share price

-2.9

8.4

-0.4

59.6

87.2

Standardised annual performance 2019 2018 2017 2016 2015
NAV

13.3

4.3

20.2

14.1

7.3

Share price

-0.4

17.2

36.7

12.0

4.7

Performance (%) as at 31.03.2019
Past performance is not a guide to future performance.

Source: Lipper and BMO. Basis: Percentage growth, total return, bid to bid price with net income reinvested in sterling. Basis in accordance with the regulations of the Financial Conduct Authority.

Fund Manager Review

As at 31 March 2019, the net assets of the Company were £281.7 million, giving a Net Asset Value (NAV) per share of 381.01p. When taking into account the dividend of 3.58p per share paid on 31 January, this gives a decrease of 0.4% over the quarter. The portfolio has gained in value modestly, but this gain was completely offset by currency movements, with euro weakness against sterling being the principal factor. At 31 March 2019, the Company had net debt of £11.0 million. Outstanding undrawn commitments were £121.2 million, including £18.0m to funds where the investment period has expired. In line with the Company’s policy to pay dividends on a quarterly basis, a dividend of 3.65p per share was paid on 30 April 2019. A further dividend of 3.73p per share will be paid on 31 July 2019 to shareholders on the register on 5 July 2019 and an ex-dividend date of 4 July 2019.

Past performance is not a guide to future performance and the value of your investments can go down as well as up. You can read the full quarterly review of the trust by viewing the factsheet here.

Investment Risks

The value of your investments and any income from them can go down as well as up and you may not get back the original amount invested. Changes in rates of exchange may also reduce the value of your investment. The fund invests in private equity funds, exposing the fund to the performance, liquidity and valuation issues of these funds. Such funds typically have high minimum investment levels and may restrict or suspend redemptions or repayment to investors. The asset value of these shares and its prospects may be more difficult to assess. Gearing is used for investment purposes to obtain, increase or reduce exposure to an asset, index or investment. The use of gearing can enhance returns to investors in a rising market, but if the market falls the losses may be greater.

Holdings

Holdings % of net assets
Avalon

3.3%

TWMA

2.9%

Ashtead

2.8%

Stirling Square Capital Partners II

2.7%

Sigma

2.7%

Ambio Holdings

2.6%

Huws Gray

2.5%

Volpi Capital I

2.1%

Collingwood Insurance Group

2.1%

Dolmatics

2.1%

Total

25.8%

As at 31 March 2019

Dividend

How to invest

Invest with BMO

BMO offers a range of plans designed to meet different investment goals and help you make your money work harder.

As with all investments, you need to be comfortable that you may not get back the original amount invested.

Opening a BMO plan is easy. 

Choose your perfect plan.

Invest with a broker

 

You can invest through your usual financial adviser, or through a wide range of companies.

 

Information in this section of the Website is directed solely at persons who are located in the UK and can be categorised as retail clients. Nothing on this website is, or is intended to be, an offer, advice, or an invitation, to buy or sell any investments. Please read our full terms and conditions and the relevant Key Information Documents (“KID”) before proceeding further with any investment product referred to on this website. This website is not suitable for everyone, and if you are at all unsure whether an investment product referenced on this website will meet your individual needs, please seek advice before proceeding further with such product.