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US Traded Life Interests Fund

Description

The US Traded Life Interests Fund is a cell of Alternative Asset Opportunities PCC Ltd, a closed-ended protected cell company incorporated in Guernsey. It was launched on 25 March 2004. Initial gross proceeds of the placing and offer for subscription amounted to £40m. The Fund’s investment objective is to provide shareholders with a capital return through investment predominantly in a diversified portfolio of Traded Life Interests (TLIs). TLIs are life insurance policies issued in respect of US individuals by US life insurance companies, which are traded in a secondary market. The portfolio of Traded Life Interests is managed by SL Investment Management Limited. Allianz Global Investors GmbH, UK Branch is responsible for managing the cash and fixed interest securities. While the Fund’s shares are listed on the London Stock Exchange and quoted in sterling, its assets are denominated predominantly in US dollars.

Non Mainstream Pooled Investments

The Company is an investment trust and therefore its shares are not subject to the Financial Conduct Authority’s (FCA) rules relating to the restrictions on the retail distribution of unregulated collective investment schemes and close substitutes which came into effect on 1 January 2014.   Accordingly, its shares can be recommended by IFAs to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream investment products.

Key Facts

 

​Quick Facts ​
​Launch Date ​March 2004
​Net Assets as at 30.06.2014 ​£32.3m
​Gearing (net) as at 30.06.2014 ​NIL
 

 

Trust Codes​ ​
​Bloomberg ​TLI LN
​ISIN ​GB0034353424
​Lipper ​65100499
​LSE ​TLI
​RIC ​TLI.L
​SEDOL ​3435342
Fees​ ​
​Management Fee ​0.3% (AllianzGI); 0.4%
(SL Investment Management)
​Performance Fee ​No
​Key Dates
​AGM November​
​Financial Year End: ​30 June
​Half-Year End: ​31 December
​Annual Financial Report: ​Report posted in October
​Half Yearly Report: ​Report posted in March

Board of Directors

Charles Tracy Chairman
Ian Reynolds Chairman of the Audit Committee
Tim Emmott
John Scott


Company Secretary
Peter Ingram

2013 Report & Announcements

Annual and Half Year Financial Reports and Announcements

31 December 2013
Half Year Report for period Ended 31 December 2013

Directorate change

30 June 2013
Annual Financial Report for the Year Ended 30 June 2013

30 June 2014
Annual Financial Report for the Year Ended 30 June 2014

2012 Reports & Announcements

Annual and Half Year Financial Reports and Announcements

31 December 2012
Half Year Report for period Ended 31 December 2012

5 Oct 2012
Notice of Extraordinary General Meeting on 1 November 2012

1 Oct 2012
Annual Financial Report for the Year Ended 30 June 2012

18 Sep 2012
Results for the Year Ended 30 June 2012

10 Sep 2012
Renewal of Loan Facility

30 Apr 2012
Interim Management Statement

2011 Reports & Announcements

28 Sep 2011
Renewal of Loan Facility

20 Sep 2011
Annual Financial Report for the Year Ended 30 June 2011

21 Sep 2011
Results for the Year Ended 30 June 2011

26 Aug 2011
Circular re Extraordinary General Meeting on 20 Sep 2011

26 Aug 2011
EGM Proxy Form

23 Feb 2011
Results for the Half Year Ended 31 Dec 2010

2010 Reports & Announcements

23 Nov 2010
2010 Proxy Voting Presentation

19 Nov 2010

Interim Management Statement

24 Sep 2010
Annual Financial Report for the Year Ended 30 June 2010

23 Sep 2010
2010 Annual Financial Report Announcement

10 May 2010
Interim Management Statement

20 Apr 2010
Results for the Half Year Ended 28 Feb 2010

28 Feb 2010
Half Yearly Report

13 Jan 2010
Interim Management Statement

2009 Reports & Announcements

31 Aug 2009
Annual Financial Report

2008 Reports & Announcements

30 Jun 2008
2008 Annual Financial Report

31 Dec 2008
2008 Half Year Report

2008 Factsheets

2007 Factsheets

2006 Factsheets

 
Investing involves risk. The value of an investment and the income from it may fall as well as rise and investors may not get back the full amount invested.
 
 
 
Allianz Global Investors