Provider: Edinburgh Fund Managers plc. Authorised Corporate Director Edinburgh Unit Trust Managers ...
Provider: Edinburgh Fund Managers plc.
Authorised Corporate Director
Edinburgh Unit Trust Managers Ltd.
The Royal Bank of Scotland.
Name of Trust
Edinburgh Technology Fund
The objective of Edinburgh Technology Fund is to achieve above average long term capital growth through investment in a portfolio of securities of companies involved in technology and related activities. The UK is the prime area for investment but European holdings may also be included in the portfolio.
Open Ended Investment Company
Edinburgh Technology Fund is a sub-fund of Edinburgh Investment Company ICVC, an open-ended investment company (OEIC).
AUTIF general sector
Fund is active/passively managed
The fund is actively managed.
Fund invests in other funds
This is not a fund of funds.
Fund launch date
The fund was launched on 10th April 2000.
Minimum single lump sum investment
For a lump sum investment, the initial minimum purchase in the case of 'A' shares is £2,000. In the case of class 'B' shares, the initial minimum premium is £500,000. Investors may buy shares by telephoning the Edinburgh dealers (although some telephone orders may subsequently have to be confirmed in writing) or by sending a completed application form and cheque. Investors should note that telephone orders from individuals to buy shares will be restricted to £5,000.
Minimum additional investment (£)
The minimum subsequent investment is £500 in the case of 'A' shares and £25,000 in the case of 'B' shares.
Minimum monthly premium (£)
As an alternative to investing a lump sum, investors may make regular investments in class 'A' shares, subject to a monthly minimum of £50. Monthly contributions are made by Direct Debit, apart from the initial contribution which should be made by cheque and enclosed with the completed application form. In this way monthly investments can be made into the investors bank/building society account and invested at the price ruling on the 9th of each month (or next working day).
Initial charge (%)
The initial charge of up to 3.5% is levied by the underlying fund. This is the only charge investors will pay directly for 'A' shares. There is no initial charge for investment in 'B' shares.
If an investment is made on the recommendation of an IFA, Edinburgh will normally pay commission to the adviser out of the initial charge on class 'A' shares. The standard payment is 3% initial commission for both lump sums and regular savings, and 0.5% per annum servicing commission. These amounts may vary.
Annual management charge (% pa)
There is an annual management fee on the underlying fund of 1.5% for investment in 'A' shares and 0.5% for investment in 'B' shares.
Annual charge deducted from income or capital
The annual charge is deducted from income.
Exit charge for early redemption
There are no early exit charges levied.
Discount terms available
Discount terms are negotiable depending on fund activity and likely volume of business.
Share exchange scheme available
The Share Exchange Facility allows investors to exchange shares they own in any company or fixed interest security listed on the London Stock Exchange. The total value of the shares listed must be for £2,000 or more, with each individual holding worth a minimum of £1,000.
Capital protected fund
This is not a capital protected fund.
Transfer PEP status of fund
As a fully qualifying fund under the PEP Regulations, investors are able to transfer existing PEP investments into Edinburgh Technology Fund.
ISA status of fund
Investors are able to choose to invest through the Edinburgh UK Technology Fund ISA.
Dealing at previously fixed price
Dealing at a price yet to be fixed
Shares may normally be bought or sold on any working day between 9.00am and 5.00pm. The share price is calculated daily at the valuation point of 2.00pm. The fund deals on a forward basis.
Contract notes issued for registration purposes
Investors will be sent a contract note no later than the business day following the day on which the price of the deal was determined.
All shares in the fund are accumulation shares. Therefore, annual distributions of net income will automatically be credited to the capital of the fund on 30th September.
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