Schroder BSC Social Impact Trust plc - SBSI

Driving positive social impact and sustainable financial returns

Impact Report 2022

Our first annual impact report recognises the broad-based impact being achieved towards addressing entrenched social issues in the UK and supporting the most vulnerable and disadvantaged in our communities.

Why invest in SBSI?

As we become increasingly aware of the serious challenges facing our society, more and more investors want to do well by doing good. They want to put their capital to work for dual impact – to the benefit of people and their portfolio. The Schroder BSC Social Impact Trust has these very objectives: to achieve positive social impact and the creation of value for investors.

An investment in the Schroder BSC Social Impact Trust is an investment in:

  • Capital for local social organisations and charities working with disadvantaged people in areas of high need across the UK
  • A highly experienced team led by Big Society Capital, a dedicated social impact investor and delegated portfolio manager of the trust
  • A portfolio that is fully aligned with the United Nations Sustainable Development Goals
  • A commitment to driving transformational impact and publishing an annual impact report
  • And offering the potential for low correlation to other asset classes, providing attractive diversification benefits for investors

Annual Results 2022

On Monday 24 October, Fund Manager Jeremy Rogers and Head of Investor Engagement Andrew Beal presented the trust's annual results for the period ending 30 June 2022.

Meet the managers

Schroder BSC Social Impact Trust plc

Schroders
Alternative Investment Fund Manager
Big Society Capital
Delegated Portfolio Manager

Independent Board of Directors

Performance and charges

Ongoing charge: 1.06%

For further performance data please visit the London Stock Exchange website

Find out more about our portfolio

View our interactive map and case studies to see how our investments are impacting your local area

Our Impact

At Schroders our sustainable investing approach sits on a spectrum and has been developed to suit the different requirements of investors. For investors who want their money to work in a way that has a specific, measurable and positive benefit to society or the environment while also delivering a financial return, “Impact Investing” is one option that can facilitate this.

Awards

Impact awards logo

Sustainable awards logo

ESG Investing awards logo

Best ESG Investment Fund: Multi-Asset

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Investing in Schroder BSC Social Impact Trust

What are the risks?

There can be no guarantee that the Company will achieve its investment objective or that investors will get back the amount of their original investment.

The Company has limited operating history and investors have a limited basis on which to evaluate the Company's ability to achieve its investment objective.

The Company has no employees and is reliant on the performance of third party service providers. Failure by the AIFM, the Portfolio Manager or any other third party service provider to perform in accordance with the terms of its appointment could have a material detrimental impact on the operation of the Company.

The financial performance of the Company will depend upon the financial performance of the underlying portfolio. The Company's portfolio will include Social Impact Investments over which the Company and Portfolio Manager have no control.In particular, investments in Impact Funds and certain Co-Investments will be managed by third party managers.The Company's performance and returns to Shareholders will depend on the performance of those Social Impact Investments and their managers.

The Company's objective is to deliver measurable positive social impact as well as long term capital growth and income and these dual aims will generally be given equal weighting. Social impact is the improvement of the life outcomes of beneficiaries in a specific target group or groups.There is no universally accepted definition of 'impact', an assessment of which requires value judgments to be made.The Company's impact focus may mean that the financial returns to Shareholders are lower than those which might be achieved by other investment products.

The Company depends on the diligence, skill, judgement and business contacts of the Portfolio Manager's investment professionals and the information and deal flow they generate, especially given the specialist nature of social impact investing.The departure of some or all of the Portfolio Manager's investment professionals could prevent the Company from achieving its investment objective.

The Company will make investments where the Company's commitment is called over time.Due to the nature of such investments, in the normal course of its activities the Company expects to have outstanding commitments in respect of Social Impact Investments that may be substantial relative to the Company's assets. The Company's ability to meet these commitments, when called, is dependent upon the Company having sufficient cash or liquid assets at the time, the receipt of cash distributions in respect of Investments (the timing and amount of which can be unpredictable) and the availability of the Company's borrowing facilities, if any.

The Company's investments may be illiquid and a sale may require the consent of other interested parties. Such investments may therefore be difficult to realise and to value. Such realisations may involve significant time and cost and/or result in realisations at levels below the value of such investments estimated by the Company.

Any change in the Company's tax status or in taxation legislation or practice generally could adversely affect the value of the investments held by the Company, or the Company's ability to provide returns to Shareholders, or alter the post-tax returns to Shareholders.

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Please remember that the value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested.

Marketing material

Issued by Schroder Unit Trusts Limited, 1 London Wall Place, London EC2Y 5AU. Registered Number 4191730 England.

Schroder Unit Trusts Limited is an authorised corporate director, authorised unit trust manager and an ISA plan manager, and is authorised and regulated by the Financial Conduct Authority.

On 17 September 2018 our remaining dual priced funds converted to single pricing and a list of the funds affected can be found in our Changes to Funds. To view historic dual prices from the launch date to 14 September 2018 click on Historic prices.