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.

Key reasons to invest:

  • Invests in companies in the dynamic FTSE 250 index
  • 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 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, FE Alpha Manager, who has over 28 years’ investment experience. 

How to invest       Equiniti Shareview site

The fund invests principally in the UK commercial real estate sectors including office, retail and industrial and will also invest in other sectors including mixed use, residential, hotels, healthcare and leisure. The fund is managed by Duncan Owen and Nick Montgomery who have over 45 years of combined investment experience.


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.

¹Source: Ranking in Association of Investment Companies (AIC) Sector, UK All Companies, sourced from Morningstar from 2 May 2003 to 31 March 2016. ²Andy Brough became Lead Manager on 1 April 2016.

PerformanceQ2 2015-      Q2 2016Q2 2014-    Q2 2015Q2 2013-   Q2 2014Q2 2012-   Q2 2013Q2 2011-   Q2 2012
NAV total return -9.0 10.9 21.4 42.0 -6.5
Share price total return -16.5 7.2 31.2 50.9 -10.1
Benchmark total return* -5.7 15.0 17.8 32.2 -5.1

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 2016. *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 




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Portfolio holdings


Monthly Factsheet

August 2016

Investment trust quarterly newsletter


Monthly Commentary


Latest half-year report


Annual report and accounts


Fund Fast Facts


Final Proxy Voting Report

August 2016

Association of Investment Companies



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Hitting the UK real estate hot spot

In turbulent times for global markets, the skilful management of high quality real estate assets continues to offer potential for attractive capital and income returns. With a focus on providing diversified exposure to assets in the right locations in the right UK cities, the long-established Schroder Real Estate Investment Trust could be an attractive option for investors.


Registered address


4 Redheughs Rigg

South Gyle

EH12 9DQ

Shareholder Helpline: 0131 338 6155

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

Investment manager
Schroder Investment Management Limited
31 Gresham Street
United Kingdom


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.

1Source: Ranking in Association of Investment Companies (AIC) Sector, UK All Companies, sourced from Morningstar from 2 May 2003 to 31 March 2016. 2Andy Brough became Lead Manager on 1 April 2016.