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.
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.
|Performance||Q2 2015- Q2 2016||Q2 2014- Q2 2015||Q2 2013- Q2 2014||Q2 2012- Q2 2013||Q2 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
A year of many historical anniversaries, 2016 marks 420 years since the death of Sir Francis Drake, the first Englishman to circumnavigate the globe. On board his ship, the Golden Hind, expert sailors would use compasses, log lines and maps to safely guide the crew to their final destination, often through unfamiliar territories.
It’s not often that you hear Queen Elizabeth II and investment trusts mentioned in the same breath – but like her majesty, at least 10% of UK investment trusts have been in existence for 90 years or more.
This article illustrates the important differences between investment trusts and unit trusts, and is designed to help investors make the investment decision which is right for them.
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.
4 Redheughs Rigg
*Calls to this number are free of charge from UK landlinesInvestment manager
31 Gresham Street
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.
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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.