Investor analysis
A - Minimum compliance
The following information should be disclosed either in the banding set out below or as deemed appropriate to illustrate the profile of the beneficial ownership of the fund:
| Ownership Band | Number of Beneficial Owners | Total Percentage Holding |
| Less than 3% of the units in issue | ||
| 3% or greater but less than 10% | ||
| 10% or greater but less than 20% | ||
| Greater than 20% | ||
| Total number of units in issue at the end of the period | ||
| Percentage held by largest investor |
B - Best Practice
The disclosures should include an analysis of:
- Percentage of units held by top 5 investors
- Percentage held/controlled where an investment manager acts on behalf of underlying clients