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.

The Company targets investment opportunities in medium-sized UK companies and has delivered a strong long-term performance record since Schroders took over management in 2003. The Company is co-managed by Rosemary Banyard and Andy Brough who are both long-standing and highly-experienced members of Schroders’ UK equity team.

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.

 

 

Performance

Schroder UK Mid Cap FundQ3 2013-Q3 2014Q3 2012-Q3 2013Q3 2011-Q3 2012Q3 2010-Q3 2011Q3 2009-Q3 2010
NAV total return 9.0 40.4 27.6 -1.9 19.1
Share price total return 8.7 55.4 29.9 -1.5 19.7
Benchmark total return* 5.3 33.0 25.5 -4.8 16.2

Source: Schroders, bid to bid with net income reinvested, in GBP as at 30 September 2014. *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.

 

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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Source for rating: Morningstar as at 31 July 2014