Schroder UK Mid Cap Fund plc - SCP
Backing tomorrow’s UK market leaders todayWhy invest in SCP?
UK Mid-caps are positioned in a sweet spot for innovation, disruption and growth. This is why the UK Mid Cap index has beaten most other developed market indices over the long term¹. The FTSE 250 is an incubator for growth in that it is home to many businesses that are riding the wave of long-term structural growth trends. Although they have proven products and services, they can have ahead of them a much longer and steeper growth trajectory than their large cap counterparts. Factors such as M&A, dividend growth and founder involvement also lie behind the success of UK Mid Caps.
An investment in the Schroder UK Mid Cap Fund is an investment in:
- The sweet spot for innovation and disruption in the UK
- A high conviction portfolio of around 50 companies with the potential to be tomorrow’s market leaders
- A focus on companies that are resilient and adaptable in the face of change
- A stable management team with a wealth of skills and experience
- An investment trust that, since it's inception, has been the best performing in the Association of Investment Companies UK All Companies sector²
Behind the trust: read our philosophy article >
[1] - Schroders, Bloomberg, rebased to 100 at 31 December 1992, data to 30 December 2022 where returns were shown in base currencies for each index.
[2] - Morningstar, 2023
Past performance is not a guide to future performance and may not be repeated.
Key Information
Annual Results 2023
On 22 January 2024, Manager Jean Roche presented the Trust's annual results for the year ended 30 September 2023. The presentation can be downloaded above.
Performance
For further performance data please visit the London Stock Exchange website
Ongoing charge (as at July 2023): 0.89%
Discrete yearly performance (%)
As at March 2024
Discrete yearly performance (%) | Mar 14 - Mar 15 | Mar 15 - Mar 16 | Mar 16 - Mar 17 | Mar 17 - Mar 18 | Mar 18 - Mar 19 | Mar 19 - Mar 20 | Mar 20 - Mar 21 | Mar 21 - Mar 22 | Mar 22 - Mar 23 | Mar 23 - Mar 24 |
|---|---|---|---|---|---|---|---|---|---|---|
Share Price (%) | -11.0 | 0.4 | 10.8 | 16.6 | 5.8 | -27.1 | 78.6 | -9.5 | -2.1 | 4.6 |
Net Asset Value (%) | -0.3 | 5.4 | 12.3 | 9.2 | 0.8 | -25.2 | 63.5 | 1.3 | -6.4 | 7.8 |
Reference Index (%) (FTSE 250 excl. Investment Trusts Total Return) | 7.0 | 2.2 | 13.6 | 5.6 | -0.9 | -21.2 | 47.5 | -0.5 | -7.5 | 10.1 |
Source: Morningstar, net income reinvested, net of ongoing charges and portfolio costs and where applicable, performance fees, in GBP.
Performance over 5 years
Source: Morningstar, net income reinvested, net of ongoing charges and portfolio costs and where applicable, performance fees, in GBP.
Awards and ratings
Source: Morningstar, as at February 2024
Source: Kepler Trust Intelligence, 2023
Source: Investment Week, 2023
In the media
Trust communications
More UK insights from Schroders
Listen to our Mid 250 Podcast
The FTSE 250 index is home to an impressive list of “multi-bagger” businesses. These are stocks which have provided investors with returns at a multiple of their starting value over a period of time.
In this podcast series, Manager Jean Roche and James Goodman interview the leaders at the helm of some of these companies, intent on learning more about the drivers to their financial success.
Available on all major podcasting platforms or browse our episode library below.
Disclaimer: Reference to stocks are for illustrative purposes only and does not constitute a recommendation to buy or sell. Companies that are referenced in the podcast may or may not be held within the Schroder UK Mid Cap Fund plc portfolio. Past performance is not a guide to future performance and may not be repeated.
Episode library
Meet the Managers
"We apply a high conviction approach, managing a focused portfolio of resilient companies which are either disruptors, challenging the status quo, or are well-established companies which can grow sustainably as they reinvent themselves in response to disruption."
Independent Board of Directors
Documents
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Investing in the Schroder UK Mid Cap Fund plc
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.