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Hi.

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This video is on how to use MICAP’s performance 
charts to compare the performance of VCTs.

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To start, select VCT Performance under 
the Performance menu in the black row.

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Here you can simply see the Net 
Asset Value Total Return (or NAV total return)

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of each VCT in the 
market that typically raises funds.

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This is the primary way in which VCTs are valued 
for comparative purposes, as it ignores the

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traded share price of the VCTs and focuses instead
purely on the performance of the VCT manager.

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Growth in the NAV of the VCT is shown in yellow, 
while dividends paid are shown in grey.

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You can toggle off NAV growth to 
focus only on the dividends paid

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by the VCTs - perfect for highlighting 
the VCTs that are regular dividend payers.

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Similarly, you can toggle off dividends to 
only show the NAV growth of the VCTs.

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This is especially useful for highlighting the VCTs 
that have paid regular dividends from capital,

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reducing the value of investors’ shares.

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By default, we show the performance
of the VCTs over five years,

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as this is the minimum
holding period for tax relief.

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However, you can toggle this
from 1 year all the way up to 7 years.

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Finally, select the name of any VCT to drill down into

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a year-by-year breakdown of its NAV 
total return over the last seven years.

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And that's it.

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Thanks for watching - we’ll see you in the next video.