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

4.1

10.1

35.9

77.5

Share price

-1.1

17.6

8.5

52.6

108.6

Standardised annual performance 2019 2018 2017 2016 2015
NAV

10.1

7.2

15.1

12.9

15.6

Share price

8.5

6.2

32.4

24.6

9.6

Performance (%) as at 30.09.2019
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 30 September 2019, the net assets of the Company were £289.0 million giving a net asset value (“NAV”) per share of 390.81p and a total return over the quarter of 1.7%. For the first nine months of the year, the NAV total return was 4.1%. With the discount reducing from 17.9% at 31 December 2018 to 7.6% at 30 September 2019 the share price total return for this nine-month period was an impressive 17.6%. At 30 September 2019 the Company had net debt of £27.5 million. Outstanding undrawn commitments were £124.1 million with approximately £17.5 million of these to funds where the investment period has expired and where we would expect only a small proportion to be drawn. 

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

Ashtead*

3.9%

Sigma

3.2%

TWMA

2.8%

Stirling Square Capital Partners II

2.8%

Huws Gray

2.5%

Avalon

2.5%

Volpi Capital 

2.4%

Ambio

2.4%

August Equity Partners IV

2.3%

Corpfin Capital IV

2.2%

Total

27.0%

*Ashtead includes the follow-on investment into the company which occurred in Q3 2019

As at 30 September 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.

 

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