Key facts

Launch date

1912 (business transferred to Hansa Investment Company Limited in August 2019).

Domicile

Bermuda.

Listing

London Stock Exchange.

Traded currency

GBP.

NAV frequency

Daily.

AIC investor sector

Flexible.

Legal structure

Closed-ended investment company.

Capital structure

Here

Year end

31st March.

AGM

July.

Dividend policy

The current dividend policy is to announce at the start of the financial year the expected amount of four interim dividends, to be paid each financial year in August, November, February and May.

Directors

Here

Portfolio manager

Alec Letchfield, Hansa Capital Partners LLP authorised and regulated by the Financial Conduct Authority (FCA).

Alternative investment fund manager

Hanseatic Asset Management LBG authorised and regulated by the Guernsey Financial Services Commission (GFSC).

Management fee

1% p.a. of NAV (excluding the holding in Ocean Wilsons Holdings Ltd (OWHL)).

Ongoing PRIIPs KID charge

1.77%

Key performance indicators

The Board considers that the use of a single benchmark won’t always offer shareholders the relevance and the clarity needed with regard to the performance of their Company. Therefore the Board considers the following KPIs when assessing the performance of the Company: UK CPI, MSCI ACWI TR GBP and FTSE Gilts All Stocks TR.

Investment policy

The Company aims to grow its net assets over the medium to long-term by investing in a diversified and multi-strategy portfolio comprising third-party funds, global equities and other international financial securities. The Company may invest in quoted and unquoted securities. The Company has no set maximum or minimum exposures to any asset class, geography or sector and will seek to achieve an appropriate spread of risk. The Company holds a strategic position in the share capital of  OWHL which represents the Company’s largest holding. The Company will not make further investments into OWHL.

Listing notifications

The Board does not limit investments in listed closed-ended investment funds to no more than 15% of total assets. Listed closed-ended investment funds held by the Company which themselves do not have stated investment policies to invest no more than 15% of their total assets in other listed closed-ended investment funds: none

Investor information

Hansa Investment Company Limited is a qualifying investment for ISA purposes, as both the Ordinary and ‘A’ non voting Ordinary shares are listed on the London Stock Exchange. In addition, the Company currently conducts its affairs so that its issued shares can be recommended by Independent Financial Advisers to ordinary retail investors, in accordance with the Financial Conduct Authority’s (FCA’s) rules in relation to non-mainstream investment products, and intends to continue to do so for the foreseeable future. The shares are excluded from the FCA’s restrictions which apply to non-mainstream investment products. Hansa Investment Company Limited is registered as a Reporting Financial Institution with the US IRS for FATCA purposes.

Fund codes

Ordinary shares‘A’ non-voting
ordinary shares
SEDOLBKLFC18BKLFC07
ISINBMG428941162BMG428941089
RICHAN.LHANA.L
TIDMHANHANA
BloombergHAN LNHANA LN
LEI213800RS2PWJXS2QDF66