Schroder UK Mid Cap Fund plc - SCP

Why invest in SCP?

  • A high conviction portfolio targeting 40-50 holdings, with the goal of delivering a return in excess of the FTSE 250 ex Investment Trusts Index, offering exposure to a wide spectrum of investment sectors and themes and both UK and overseas earnings.
  • The Manager seeks out resilient companies that are capable of delivering high risk-adjusted returns with rising cash flows and earnings. They can be disruptors, which challenge the status quo within the marketplace, or established companies which can grow sustainably as they reinvent themselves in response to the disruption. Resilience comes from strong finances, leading ESG/sustainability practices and clear strategic direction.
  • The investment process is proven and repeatable, having generated returns of 13.5% p.a. versus 10.9% p.a. for the benchmark since Schroders became the Manager in 2003*.

*Source: Schroders, Morningstar, 1 May 2003 to 31 May 2022. Net asset value total return compared to the benchmark of the FTSE All-Share ex Investment Trusts ex FTSE 100 TR Index until 2011, and subsequently the FTSE 250 ex Investment Trusts Index. Past performance is not a guide to future performance and may not be repeated.

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."

Jean Roche
Fund Manager, Pan-European Small and Mid Cap Team
Andy Brough
Head of Pan-European Small and Mid Cap Team

Independent Board of Directors

Performance and charges

Ongoing charge: 0.90%

For further performance data please visit the London Stock Exchange website

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Investment objective

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 Trusts Index.

Awards and ratings

Source: Morningstar, as at July 2022

Source: Morningstar, as at July 2022

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Latest presentation

In February 2022, lead fund manager Jean Roche gave an update on the fund over 2021, gave an outlook for 2022 and fielded questions from the live audience. 

Archive

Annual Reports and Accounts

2021 / 2020 / 2019 / 2018 / 2017 / 2016 / 2015 / 2014 / 2013 / 2012

Half Year Reports and Accounts

2022 / 2021 / 2020 / 2019 / 2018 / 2017 / 2016 / 2015 / 2014 / 2013

AGM Results

2022 / 2021 / 2020 / 2019

Circulars

2011

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Investing in Schroder UK Mid Cap 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.

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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.