Mayfair Capital Property Income Tru
|Bid Price||GBX 81.49||Offer Price||GBX 83.93|
|Mid Price||-||Day Change||GBX -0.55 (-0.67%)|
|Price Date||31 Aug 2016||Crown Rating|
|Shares Class||Inc.||Yield||6.30 %|
|Total Expense Ratio||0.77||Fund Size||394,260,000.00|
|Launch Date||01/10/2004||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.57||Sector||IMA UK Equity Income|
|Min Investment (£)||50,000.00||Total Expense Ratio (%)||0.77|
|ISIN||GB00B0517P11||Min TopUp (£)||10,000.00|
The Trust's objective is to invest in commercial property throughout the UK. It aims to deliver an income yield of around 6.0% p.a, whilst at least maintaining the capital value in real terms. Income is distributed monthly. The Fund operates both ethical and environmental policies and seeks to be a socially responsible investor.
James co-founded Mayfair Capital in 2002 and became Chief Executive in April 2014 having previously performed the role of Chief Investment Officer, and is a member of the firm's Investment Risk Committee. James is Fund Director for Mayfair Capital’s flagship Fund The ‘Property Income Trust for Charities’, a bespoke Fund for charity investors. This Fund operates within strong ethical and environmental criteria. James is also Fund Director for two other Mayfair Capital Funds: ‘MC Property Growth Fund No.2’ and ‘MC Residential 1’, an opportunistic Fund which provides loans to developers in central London residential. James has 35 years’ experience in UK commercial property. James spent the first 15 years of his career at Jones Lang Wootton, 11 of which were in its investment management division, JLW Fund Management. In 1996, James joined Savills, where he was appointed Director of Fund Management, responsible for a team of 10 managing some £950 million of client funds on an advisory and discretionary basis. James is approved by the FCA to perform CF1, CF3 and CF30 functions for Mayfair Capital. He is a member of the RICS, the Investment Property Forum, and a Committee Member of the Charity Investors' Group.