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Phoenix Spree Deutschland (Ordinary Share) PSDL

Property Direct - Europe

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Estimated NAV

371.00

Share Price

350.00

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
Phoenix Spree Deutschland (Ordinary Share) Price 141.03%
Phoenix Spree Deutschland (Ordinary Share) NAV 157.64%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 348.0 -6.1% 371.00 372.00
30 Jun
152% 1.87%

Discrete performance % over

Fund / BenchmarkNov '15
Oct '16
Nov '16
Oct '17
Nov '17
Oct '18
Phoenix Spree Deutschland (Ordinary Share) Price50.9246.479.04
Phoenix Spree Deutschland (Ordinary Share) NAV33.6949.1129.24

Discrete performance over

Discrete Performance

Sectors weighting

Property 109.40%
Net Current Assets -9.40%
  • Investment trust info:

  • Sector Property Direct - Europe
  • Launch Date 15 Jun 2015
  • Currency GBX
  • Domicile Jersey
  • Share Price 350.00
  • Share Type Ordinary Share
  • TIDM PSDL
  • ISIN JE00B248KJ21
  • Shares Issued (M) 101
  • Market Capital (£M) 350.61
  • Gross Assets (£M) 569.55
  • Net Assets (£M) 373.56
  • TER (%) 6.96
  • Historic Dividend Yield (%) 1.87
  • Last AGM 26 Jun 2018
  • Next AGM 26 Jun 2019
  • Last Annual Report Date 11 Jul 2018
  • Next due Report Date 30 Jun 2018
  • Next due Report Type I/R
  • Objective:

  • To provide Shareholders with both stable income returns as well as capital growth through investment in German real estate, with a focus on residential properties in Berlin and secondary German cities.
  • Management Group(s):

  • PMM Partners (UK) Ltd
  • Managed by:

  • Jorg Schwagenscheidt Start: 16 Sep 2015
  • Matthew Northover Start: 15 Jun 2015
  • Michael Hilton Start: 15 Jun 2015
  • Paul Ruddle Start: 15 Jun 2015
  • Management Contract & Fees:

    The management fee will accrue and be calculated quarterly and payable in arrears. (i) If the EPRA NAV of the Company is equal to or less than EUR 250m, the rate will be 1.50%; and (ii) if EPRA NAV of the Company is greater than EUR 250m but is less than EUR 500m, the rate to be applied will instead be 1.25% p.a.; and (iii) if EPRA NAV of the Company is greater than EUR 500m, the rate will instead be 1.00% p.a. Performance fee is 20% of the excess by which the EPRA NAV total return exceeds 8% p.a..

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