MARTIN CURRIE ASIA UNCONSTRAINED TRORD GBP0.50

Symbol: MCP

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Past Performance

  • 22nd Sep 2014 to 22nd Sep 2015-13.32%
  • 22nd Sep 2015 to 22nd Sep 201632.60%
  • 22nd Sep 2016 to 22nd Sep 201721.84%
  • 22nd Sep 2017 to 22nd Sep 20182.05%
  • 22nd Sep 2018 to 22nd Sep 201918.67%

Key Information

Benchmark N/A
Sector IT Asia Pacific Income
AMC 0.75%
Total Ongoing Charges 
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing.
1.32%
Gearing 100%
Performance Fee No
Ex-Dividend Date 29 Aug 2019
Dividend Pay Date 16 Sep 2019
Total Dividends - Year to Date19.7
Dividend Yield (%)4.7585

Net Asset Value (Nav)

Latest actual NAV 421.22
Latest actual NAV date 19/09/2019
NAV frequency Daily
Premium/Discount -1.48%

Cost and Charges Information

This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product

Account Type

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

Annual charges

These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate

Cost Category % of Investment lump sum costs
Our annual fee

Our annual fee

Includes our platform fee at 0.35% per annum for Funds (up to £250,000) and Stocks & Shares (min £24 max £240), plus SIPP administration fee (if applicable, only charged if <£30,000 held) - see here
0.35%
Dealing charges

Dealing charges

Any one-off commission charges associated with investing. Note that government taxes and levies are not included
N/A
Product provider costs

Product provider costs

Product provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs
1.32%
Total (£)

Total (£)

Costs per annum displayed in monetary value
Total (%)

Total (%)

Costs per annum displayed as a percentage of investment value

Cumulative effect of charges on your investment's return

This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges

lump sum invested with an assumed growth rate of 1 year years
What you might get back at  with no charges applied

What you might get back at  with no charges applied

These are the illustrative values of a  investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of assuming a net zero growth rate
Effect of charges on return (%)

Effect of charges on return (%)

These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate
Effect of charges on return (£)

Effect of charges on return (£)

These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate
What you might get back at with charges applied

What you might get back at with charges applied

These are the illustrative values of a investment after growth and costs at the end of the defined period

This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use

Company

Business Summary

Martin Currie Asia Unconstrained Trust Plc is a closed-end investment trust, which invests in a diversified portfolio of assets. The Company's objective is to achieve returns commensurate with Asia, excluding Japan nominal gross domestic product (GDP) growth. It invests approximately 10% of its total asset value in any one company or group at the time of purchase; over 10% of the issued shares of any class of equity security of an issuer to be held; approximately 15% of its assets in the shares and securities of any one company at any time, and approximately 5% of its net asset value (NAV) in Martin Currie Investment Management Limited associated funds, at time of purchase. The Company's investment portfolio includes financials, consumer goods, technology, consumer services, telecommunications, industrials and utilities. The Company's investment manager is Martin Currie Investment Management Limited, which is an equity specialist that manages money for a range of global clients.

Financial Summary

BRIEF: For the fiscal year ended 31 March 2019, Martin Currie Asia Unconstrand Trust PLC revenues decreased 51% to £5.8M. Net income decreased 65% to £3.5M. Revenues reflect Realized G/L on Investments Securities decrease of 72% to £3.2M, Net currency (losses)/gains decrease from £349K to -£291K. Net income also reflects Administrative expenses increase of 16% to £457K (expense), Miscellaneous increase of 86% to £69K (expense).

Performance

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      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      0.79% 1.07% 14.52% 18.67% 47.55% 69.59%

      Important Information
      Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.

      The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.

      Composition

      Important Documents


      The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.

      Fund Provider Factsheet
      The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured.
      FUND PROVIDER FACTSHEET
      831,082 bytes PDF Document; last updated 31 Aug 2019
      Key Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INFORMATION DOCUMENT
      54,084 bytes PDF Document; last updated 13 Dec 2018
      Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
      ANNUAL REPORT
      905,893 bytes PDF Document; last updated 31 Mar 2019
      Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
      SEMI-ANNUAL REPORT
      674,250 bytes PDF Document; last updated 30 Sep 2018

      Management Team

      Andrew Graham Damian Taylor

      Andrew Graham has managed this fund for 8 years and 2 months.

      Andrew Graham Andrew joined Martin Currie in May 2010 and heads our Asia team. He is co-manager of the Martin Currie Asia Pacific and Asia Long-Term Unconstrained strategies alongside the Martin Currie Asia Unconstrained Trust. He joined us from Sofaer Global Research, bringing with him over 20 years’ experience of managing Asia-Pacific equities. At Sofaer, where he was a partner, Andrew managed the company’s Japan absolute return fund and co-managed its Pacific-region absolute return fund. Prior to this he spent five years as senior vice president at Putnam Investments, where he co-managed its International Capital Opportunities Fund, focusing particularly on the Asia-Pacific region. Earlier in his career Andrew held portfolio management roles at both Scottish Widows Investment Partnership and Kemper Investment Management. He has a BA (Hons) degree in Economics from the University of Strathclyde.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Damian Taylor has managed this fund for 10 months.

      Damian Taylor Damian joined Martin Currie in July 2013 as an investment manager in the Asia team. Before joining Martin Currie he was the chief financial officer for the digital media agency Rocketer. Prior to that, Damian was Investment Director at the private equity business Boundary Capital. He began his investment career at Goldman Sachs, before moving to Morgan Stanley as Executive Director, Institutional Sales. Damian is a CFA® charterholder and gained his MBA at INSEAD in 1999. He also has a BEng (Hons) in Mechanical Engineering from the University of Melbourne.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Financials


      Income Statement - All values are in GBP (M).

      Year Ending

      31/03/2019

      31/03/2018

      31/03/2017

      31/03/2016

      31/03/2015

      31/03/2014

      Total Revenue 5.85 11.86 40.58 -9.36 23.00 -13.29
      Gross profit 4.52 10.56 39.42 -10.37 21.92 -14.81
      Operating Profit/Loss 3.86 10.00 38.91 -10.93 21.37 -15.36
      Profit Before Tax 3.86 10.00 38.91 -10.93 21.37 -15.36
      Profit After Tax 3.46 9.81 38.77 -11.03 21.23 -15.66
      Equity Holders of Parent Company 3.46 9.81 38.77 -11.03 21.23 -15.66
      Minority Interest NIL NIL NIL NIL NIL NIL


      Balance Sheet - All values are in GBP (M).

      Year Ending

      31/03/2019

      31/03/2018

      31/03/2017

      31/03/2016

      31/03/2015

      31/03/2014

      Total Non-Current Assets 154.04 158.47 157.54 123.60 129.09 135.62
      Total Current Assets 5.26 5.14 4.08 1.91 8.65 2.88
      Total Assets 159.30 163.60 161.62 125.51 137.74 138.50
      Total Liabilities NIL NIL NIL NIL NIL NIL
      Total Net Assets NIL NIL NIL NIL NIL NIL
      Shareholders Funds 153.58 158.15 154.26 119.76 137.34 132.42
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity NIL NIL NIL NIL NIL NIL

      Investment involves risk. You may get back less than invested.