Woodford Patient Capital Trust aims to achieve long-term capital growth through investing in a portfolio consisting predominantly of UK Companies, both quoted and unquoted. The Company will aim to deliver a return in excess of 10% p.a. over the longer term. The fund is distinguished by being the largest new issue of an investment trust at the time of launch and by having an unusual fee structure whereby the manager will only receive performance fees and no basic management fee.
You can access the fund’s website here.