Schroder UK Mid Cap Fund plc - SCP
Backing tomorrow’s UK market leaders todayWhy invest in SCP?
UK Mid-caps are positioned in a sweet spot for innovation, disruption and growth. This is why the UK Mid Cap index has beaten most other developed market indices over the long term¹. The FTSE 250 is an incubator for growth in that it is home to many businesses that are riding the wave of long-term structural growth trends. Although they have proven products and services, they can have ahead of them a much longer and steeper growth trajectory than their large cap counterparts. Factors such as M&A, dividend growth and founder involvement also lie behind the success of UK Mid Caps.
An investment in the Schroder UK Mid Cap Fund is an investment in:
- The sweet spot for innovation and disruption in the UK
- A high conviction portfolio of around 50 companies with the potential to be tomorrow’s market leaders
- A focus on companies that are resilient and adaptable in the face of change
- A stable management team with a wealth of skills and experience
- An investment trust that, since it's inception, has been the best performing in the Association of Investment Companies UK All Companies sector²
Behind the trust: read our philosophy article >
[1] - Schroders, Bloomberg, rebased to 100 at 31 December 1992, data to 30 December 2022 where returns were shown in base currencies for each index.
[2] - Morningstar, 2023
Past performance is not a guide to future performance and may not be repeated.
Annual Results Webinar
In February 2023, Jean Roche, Fund Manager, presented the trust's annual results and market outlook
Key Information
Performance
For further performance data please visit the London Stock Exchange website
Ongoing charge (as at July 2023): 0.89%
Discrete yearly performance (%)
As at October 2023
Discrete yearly performance (%) | Oct 13 - Oct 14 | Oct 14 - Oct 15 | Oct 15 - Oct 16 | Oct 16 - Oct 17 | Oct 17 - Oct 18 | Oct 18 - Oct 19 | Oct 19 - Oct 20 | Oct 20 - Oct 21 | Oct 21 - Oct 22 | Oct 22 - Oct 23 |
Share Price | -1.9 | 5.0 | -8.8 | 33.4 | -6.7 | 16.8 | -9.4 | 44.7 | -23.9 | 1.1 |
Net Asset Value | 0.8 | 12.0 | 1.1 | 27.4 | -6.8 | 10.7 | -9.4 | 43.2 | -25.5 | 2.8 |
Reference Index - FTSE 250 excl. Investment Trusts Total Return | 2.1 | 14.5 | 3.5 | 19.0 | -5.1 | 8.9 | -17.0 | 42.0 | -22.5 | 0.1 |
Source: Morningstar, net income reinvested, net of ongoing charges and portfolio costs and where applicable, performance fees, in GBP.
Performance over 5 years
Source: Morningstar, net income reinvested, net of ongoing charges and portfolio costs and where applicable, performance fees, in GBP.
Awards and ratings
Source: Morningstar, as at December 2023
Source: Kepler Trust Intelligence, 2023
In the media
Trust communications
More UK insights from Schroders
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."
Independent Board of Directors
Documents
RNS Feed
Sign up for RNS updates
Investing in the Schroder UK Mid Cap Fund 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.