Schroder UK Mid Cap Fund

"We apply a high conviction approach, managing a focused portfolio of quality companies which either disrupt, change the status quo, or are well-established companies which can grow sustainability as they reinvent themselves amongst disruption. "

Jean Roche and Andy Brough

Co-Managers of the Schroder UK Mid Cap Fund plc

Our trusts

Introduction

Performance

Commentary

Documents

Governance

Uncovering the leading growth companies of the future

The opportunity

Aims to provide a total return in excess of the FTSE 250 (ex-Investment Companies) Index and an attractive level of yield, which can contribute a degree of stability to the fund’s total return
The potential for dividend growth through rising dividend payments from stocks held in the portfolio
Invests in companies which display resilience, long-term vision and the ability to challenge the status quo, grow sustainabily and have the ability to adapt to challenging situations.
Managed by an award-winning fund manager backed by a team with extensive experience and expertise. Jean Roche has 20 years of investment experience. Andy Brough¹ is an FE Alpha Manager and has worked at Schroders for more than 30 years.
The fund has a consistent, robust and repeatable investment process and is currently ranked first out of 11 trusts in the AIC UK All Companies sector since launch.

¹Andy Brough has been named a FE Alpha Manager from 2014-2019. ²Ranking in Association of Investment Companies (AIC) Sector, UK All Companies, sourced from Morningstar from 2 May 2003 to 31 January 2020. Calculated using capital net asset values plus income reinvested. 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.

Upcoming webinar

Due to the Government's Stay at Home orders, we will be virtually delivering the fund manager's presenatation as part of the Company's Annual General Meeting. Please register for the presentation folllowed by Q&A on 8 February 2021 at 12:15 pm.

Meet the managers

Jean Roche

Lead Manager

Jean’s investment career started in 1999 after graduating with a BA in Mathematics and French and an MSc in Financial and Industrial Mathematics. Previously she worked at Panmure Gordon and Morgan Stanley, before moving to Hargreave Hale in 2013 as a fund manager. Jean joined Schroders in 2016 and became Co-Fund Manager of Schroder Mid Cap Fund plc in September 2016 and Fund Manager in December 2020.

Andy Brough

Co-Fund Manager

Andy has managed the well-known Schroder UK Mid 250 Fund since its launch in November 1999. His investment career started in 1987 when he joined Schroders as a UK equity fund manager. Previously he worked at Price Waterhouse where he qualified as a chartered accountant. Andy is head of the Schroders London-based pan-European small and mid cap team.

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 Companies) Index.

Investment policy

The Manager applies a high conviction approach, managing a focused portfolio of resilient companies that are all capable of delivering excess risk-adjusted returns with rising cash flows and earnings. Fundamental research forms the basis of each investment decision taken by the Manager.

The Company will predominantly invest in companies from the FTSE 250 Index, but may hold up to 20% of its portfolio in equities and collective investment vehicles outside the benchmark index.

The Company may also invest in other collective investment vehicles where desirable, for example to provide exposure to specialist areas within the universe.

The Company has the ability to use gearing for investment purposes up to 25% of total assets.

The investment process

In order to meet the investment objective, the Manager applies a high conviction approach, managing a focused portfolio of high quality companies that are all capable of delivering excess risk-adjusted returns with rising cash flows and earnings. These returns can come from disruptors, which change the status quo within the marketplace, or from
established companies which can grow sustainably as they reinvent themselves in response to the disruption. The resilience we also look for comes from strong finances, leading ESG (environment, social and governance) practices and clear strategic direction.

Investor profile

May be suitable for investors who:

are aiming for capital growth and willing to invest in a higher-risk fund
are willing to accept possible short-term losses for the benefit of potential long-term gains
are looking for exposure to small and medium-sized UK companies
are comfortable with the risks associated with an equity-based investment
have a medium- to long-term investment horizon of three to five years or more

May not be suitable for investors who:

are seeking a lower-risk fund
don’t want to put their capital at risk
are uncomfortable with the level of risk associated with equity-based investment
have a short-term investment horizon
can’t tolerate short-term volatility
are uncomfortable with the risks associated with investing in small and medium-sized companies

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.

Getting started

Investment trusts offer a flexible and effective way to gain exposure to some of the world's most dynamic markets and regions, and can be used to meet a variety of investment outcomes. For more information on how Schroder UK Mid Cap Fund Plc shares can be bought and sold, visit our How to invest page.

Visit page

Never miss an update

To receive regular notifications, please register for our email updates.

Latest insights

Learn more about our approach to managing investment trusts and access the latest ideas and opinions from our investment teams.

Contact Schroders

Schroders is a world-class asset manager operating from 35 locations across Europe, the Americas, Asia, the Middle East and Africa.

Worldwide locations

For any further questions, please contact us.

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.

Select a region

Select a location

Select a site

Retail Investors

Retirement Services

Mutual fund investment

Private Investor

Real Estate

Asset management

Wealth management

Select a region

Select a location

Select a site

Retail Investors

Retirement Services

Mutual fund investment

Private Investor

Real Estate

Asset management

Wealth management

Schroders in the UK

SCHRODERS Global

LATEST CAREERS

LATEST NEWS

Sustainability

Multi-Asset Solutions

Investment trusts

Global Investor Study

Where can you find innovation in Europe?

investIQ

Investment Trusts

Related Search

Schroder UK Mid Cap Fund plc