Factsheet: International Biotechnology Ord

Specialist

Rated Fund 2017-2018. Provides diverse exposure to biotechnology companies

International Biotechnology is managed by a three-strong team at SV Life Sciences � Carl Harald Janson, Kate Bingham and Ailsa Craig, whose backgrounds combine medical and/or scientific training, financial and commercial experience. This experience enables them to assess potential investment opportunities and consider which companies are the most likely to succeed, from a position of technical expertise and experience. The trust invests in unquoted, usually earlier stage companies, as well as quoted equities. This broad spectrum of investments provides diversification while still giving exposure to potentially exciting returns.The managers invest in companies with experienced management and strong potential upside through the development and/or commercialisation of a product, device or enabling technology. They specialise in identifying the successful innovative drugs and medical devices that will serve unmet medical needs and which are in complex disease areas such as diabetes and cancer, as well as the most credible treatments for 'orphan' diseases where the number of patients may be fewer but the path to approval may be smoother with less competition.The types of company they select provide investors with exposure to businesses at different stages of their development, from early stage innovation, across regulatory hurdles, through to regulatory approval and revenue generation.The trust predominantly aims to provide long-term capital growth but in 2016 introduced a dividend equivalent to 4 per cent of net asset value, paid half-yearly out of capital reserves. Its shares have traded on a discount of as wide as 23 per cent over the past three years, but at the end of 2017 roughly reflected the value of underlying assets.

Narrative and ratings content all as of 01 January 2018.

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Name
International Biotechnology Ord
Manager
SV Life Sciences Managers LLP
Type
Closed Ended Investment Company
ISIN
GB0004559349
Sector
Sector Specialist: Biotechnology & Healthcare
Launched
31/03/1994
OCF
0.91 %
Risk Rating
3
3 Year Sharpe
0.30
3 Year Alpha
0.65
Yield
0 %
Benchmark
NASDAQ Biotechnology TR
Fund Size
£ 222.66 million
NAV
626
Gearing
100
Discount Premium
-6
The Company's objective is to achieve long term capital growth by investing in high growth, development stage biotechnology companies that are either quoted or unquoted. The Company invests in companies that are considered to be good value with experienced management and strong potential upside through the development and/or commercialisation of a product, device or enabling technology.
Holding %
Amgen Inc 7.32 %
Celgene Corporation 7.25 %
Biogen Idec Inc 7.25 %
Gilead Sciences Inc 7.12 %
Aptiv Solutions 6.43 %
Regeneron 5.09 %
Alexion Pharmaceuticals, Inc. 4.18 %
Ophthotech 3.38 %
Incyte Corp Ltd 3.35 %
Onyx 3.34 %
Region %
United States 99.03 %
Sector %
Healthcare 96.40 %
Name
SV Life Sciences Managers LLP
Address
WB2B 6ST, London, United Kingdom
UCITS
No
Legal Structure
Closed Ended Investment Company

Managers

Carl Harald Janson
Joined 09/02/2013
Kate Bingham
Joined 01/01/2005
Ailsa Craig
Joined 01/01/2005

Data provided by Morningstar.

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