Schroder UK Mid Cap Fund plc

Schroder UK Mid Cap Fund Plc

 

The Company’s investment objective is to invest in Mid Cap equities with the aim of providing a total return in excess of the FTSE 250 (ex-Investment Companies) Index.

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Read the Fund Manager transcript from the most recent AGM

Latest news: Has brexit created an opportunity in UK mid cap shares?

Key reasons to invest:

  • Medium-sized companies can potentially offer faster rates of profit and dividend growth and higher long-term returns than their larger counterparts
  • A strong long-term performance record - 1st out of 11 trusts in the Association of Investment Companies UK AC sector since launch¹. Past performance is not a guide to future performance and may not be repeated
  • Managed by Andy Brough, an FE Alpha Manager who has over 28 years’ investment experience, and Jean Roche, who has over 16 years' investment experience.

¹Source: Ranking in Association of Investment Companies (AIC) Sector, UK All Companies, sourced from Morningstar from 2 May 2003 to 31 December 2016.


Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested.

   


What are the risks?

  • Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested.
  • The Company invests in smaller companies that may be less liquid than in larger companies and price swings may therefore be greater than investment companies that invest in larger companies.
  • The Company will invest solely in the companies of one country or region. This can carry more risk than investments spread over a number of countries or regions.
  • As a result of the fees and finance costs being charged partially to capital, the distributable income of the Company may be higher but there is the potential that performance or capital value may be eroded.
  • The Company may borrow money to invest in further investments, this is known as gearing. Gearing will increase returns if the value of the investments purchased increase in value by more than the cost of borrowing, or reduce returns if they fail to do so.

Non-Mainstream Pooled Investments (NMPI) Status

The Company currently conducts its affairs so that 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 and intends to continue to do so for the foreseeable future. The Company's shares are excluded from the FCA's restrictions which apply to non-mainstream investment products because they are shares in an investment trust.

Alternative Investment Fund Managers Directive Disclosure

Read the full disclosure

 

Performance (%)

Schroder UK Mid Cap Fund plc

Q2 2016 - Q2 2017

Q2 2015 - Q2 2016

Q2 2014 - Q2 2015

Q2 2013 - Q2 2014

Q2 2012 - Q2 2013

NAV total return

27.1 -9.0 11.3 21.1 41.9
Share price total return 29.6 -16.4 7.3 31.4 51.5
Benchmark total return* 21.5 -5.7 15.0 17.8 32.2

Source: Schroders, bid to bid price with net income reinvested, net of the ongoing charges and portfolio costs and, where applicable, performance fees, in GBP, as at 30 June 2017. *In April 2011, the FTSE 250 ex Investment Trusts replaced the FTSE All-Share ex ITs ex FTSE 100 TR. The full track record of the previous Index has been kept and chainlinked to the new one +FTSE 250 (ex Investment Trusts) total return.

 

Awards

 

What are the risks?

  • Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested.
  • The Company invests in smaller companies that may be less liquid than in larger companies and price swings may therefore be greater than investment companies that invest in larger companies.
  • The Company will invest solely in the companies of one country or region. This can carry more risk than investments spread over a number of countries or regions.
  • As a result of the fees and finance costs being charged partially to capital, the distributable income of the Company may be higher but there is the potential that performance or capital value may be eroded.
  • The Company may borrow money to invest in further investments, this is known as gearing. Gearing will increase returns if the value of the investments purchased increase in value by more than the cost of borrowing, or reduce returns if they fail to do so.

FTSE International Limited ("FTSE") © FTSE. "FTSE®" is a trade mark of London Stock Exchange Plc and The Financial Times Limited and is used by FTSE International Limited under licence. All rights in the FTSE indices and / or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE's express written consent.

 

 

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Annual report and accounts


Shareholder communications

Resignation of Ernst & Young - June 2017

Understanding risk around Investment Trusts

Getting to grips with discounts and premiums

Investment trusts as a portfolio diversification strategy

9 considerations when comparing Investment Trusts and Unit Trusts

 

60 seconds on UK equity opportunities

Domestically-focused UK mid-cap stocks are a bright spot as the UK economy continues to hold up better than many expected, according to fund manager Jean Roche.

Watch the video here


60 seconds with Andy Brough on UK mid-caps' enduring appeal

Earnings and dividend growth, combined with the high level of takeover activity, mean UK mid-caps have not lost their appeal after the Brexit vote, says Andy Brough.

Watch the video here


How investment trusts could help boost retirement savings

With life expectancy across the UK rising at a surprisingly fast rate, pension provision from company and state pensions being less generous, and poor returns from traditional savings such as cash and gilts, having enough cash to last for the whole of retirement is a sure-fire goal for most people.

How to Invest

We recommend you seek financial advice from an Independent Adviser before making an investment decision. 

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What are the risks?

Past performance is not a guide to future performance and may not be repeated.  The value of investments, and the income from them, can go down as well as up and investors might not get back the amount originally invested.

Some trusts invest solely in the companies of, or in property located in, one country or region. This can carry more risk than investments spread over a number of countries or regions.

Investors in the emerging markets and the Far East should be aware that this involves a high degree of risk and should be seen as long term in nature.

Exchange rates may cause the value of investments denominated in currencies other than sterling, and the income from them, to rise or fall.

Registrar contact details

Equiniti Limited
Aspect House, Spencer Road
Lancing
West Sussex
BN99 6DA
 
 

Shareholder Helpline: 0800 032 0641*

http://www.shareview.co.uk/

Schroders Investor Services

0800 718 777
investorservices@schroders.com

*Calls to this number are free of charge from UK landlines