Performance data

{last updated January 2015}

a) For open and semi-ended funds:

A performance record over the last five annual accounting periods for units in each class of units in issue during each of those years detailing:
  1. The highest issue price.
  2. The lowest cancellation price.
  3. The gross of tax net of expenses income distributed over the period (or, for accumulation units, allocated), taking account any sub-division or consolidation of units that occurred during that period.
  4. The Gross Yield (%), which is the gross of tax, net of expenses distribution for the last 12 months expressed as a percentage of the latest NAV1.
  5. Time weighted, annualised performance for the quarter, and one, three and five years to the end of the period under review.
  6. An appropriate analysis of performance, e.g. by location/property type.
As at te end of last five annual accounting periods
  1. The total NAV of the scheme property at the end of each of those years.
  2. The NAV of each class of unit.
  3. The number of units of each class in existence or treated as in existence.
 

b) For closed-ended funds:
 

A performance record over the last five annual accounting periods for units in each class of units in issue during each of those years detailing:

  1. The gross of tax net of expenses income distributed over the period (or, for accumulation units, allocated), taking account any sub-division or consolidation of units that occurred during that period.

  2. The Gross Yield (%), which is the gross of tax, net of expenses distribution for the last 12 months expressed as a percentage of the latest NAV 1.

  3. Time weighted, annualised performance for the quarter, and one, three and five years to the end of the period under review.

  4. An appropriate analysis of performance, e.g. by location/property type.
As at the end of the last five annual accounting periods
  1. The total NAV of the scheme property at the end of each of those years.
  2. The NAV of each class of unit.
  3. The number of units of each class in existence or treated as in existence.

 

1 The methodology above applies a consistent approach to the calculation of income returns and current yields. Where funds quote current yields that may be published in the FT and elsewhere, these should similarly be calculated as the sum of the gross of tax, net of expenses income distributed over the previous 12 months expressed as a percentage of the current offer price.