Part of our Foundation Fundlist SCOTTISH MORTGAGE INV TRUST ORD GBP0.05

Symbol: SMT

Whilst we endeavour to price investments on a real-time streaming or 15 min delayed basis, some prices may be as at close of business from the previous working day.

Invest in this share within an ISA, JISA, SIPP or Investment Account

Past Performance

  • 9th Aug 2017 to 9th Aug 201830.23%
  • 9th Aug 2018 to 9th Aug 2019-2.43%
  • 9th Aug 2019 to 9th Aug 202067.37%
  • 9th Aug 2020 to 9th Aug 202148.81%
  • 9th Aug 2021 to 9th Aug 2022-31.25%

Key Information

Benchmark FTSE All World
Sector IT Global
Gearing 107%
Ex-Dividend Date 1 Jun 2022
Dividend Pay Date 1 Jul 2022
Total Dividends - Year to Date3.59
Dividend Yield (%)0.3914

Net Asset Value (Nav)

Latest actual NAV 950.18
Latest actual NAV date 5/08/2022
NAV frequency Daily
Premium/Discount -3.47%

Part of our Foundation Fundlist Part of our Foundation Fundlist
WHY IS THIS FUND ON OUR FOUNDATION FUNDLIST?

Charges

Total Ongoing Charges 
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing.
0.6666%
Performance Fee No
AMC 0.30%
Our Platform Charge
We charge a platform fee of 0.35% per annum on the value of all stocks & shares held across all accounts, minimum £24 and maximum £240 per annum, charged pro-rata monthly in arrears. A full list of our rates and charges can be found here .
0.35%

Cost and Charges Information

This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product

Account Type

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

Annual charges

These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate

Cost Category % of Investment lump sum costs
Our annual fee

Our annual fee

Includes our platform fee at 0.35% per annum for Funds (up to £250,000) and Stocks & Shares (min £24 max £240), plus SIPP administration fee (if applicable, only charged if <£30,000 held) - see here
0.35%
Dealing charges

Dealing charges

Any one-off commission charges associated with investing. Note that government taxes and levies are not included
N/A
Product provider costs

Product provider costs

Product provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs
0.6666%
Total (£)

Total (£)

Costs per annum displayed in monetary value
Total (%)

Total (%)

Costs per annum displayed as a percentage of investment value

Cumulative effect of charges on your investment's return

This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges

lump sum invested with an assumed growth rate of 1 year years
What you might get back at  with no charges applied

What you might get back at  with no charges applied

These are the illustrative values of a  investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of assuming a net zero growth rate
Effect of charges on return (%)

Effect of charges on return (%)

These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate
Effect of charges on return (£)

Effect of charges on return (£)

These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate
What you might get back at with charges applied

What you might get back at with charges applied

These are the illustrative values of a investment after growth and costs at the end of the defined period

This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use

Company

Business Summary

Scottish Mortgage Investment Trust PLC is a United Kingdom-based investment trust. The Company’s objective is to maximize total return from a portfolio of long-term investments chosen on a global basis enabling the Company to provide capital and dividend growth. The Company invests in listed and private company securities and makes other investments so as to achieve its investment objective to maximize total return from a portfolio of long-term investments. It invests in various sectors, including consumer discretionary, technology, healthcare, industrials, financials, consumer staples, basic materials, energy and real estate. The Company invests in various geographical segments, including North America, Europe, Asia and South America. The Company’s Alternative Investment Fund Manager (AIFM) is Baillie Gifford & Co Limited.

Financial Summary

BRIEF: For the fiscal year ended 31 March 2022, Scottish Mortgage Investment Trust PLC revenues decreased from £9.3B to -£2.44B. Net loss totaled £2.54B vs. income of £9.21B. Revenues reflect Currency (losses)/gains on investments decrease from £14.1M to -£41.6M. Net loss reflects General Administrative Expenses increase of 8% to £6.5M (expense), Directors Fees increase of 6% to £283K (expense). Dividend per share increased from £0.03 to £0.04.

Performance

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      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      15.75% 10.47% -14.30% -31.25% 71.23% 117.59%

      Important Information
      Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.

      The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.

      Composition

      Important Documents


      The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.

      Fund Provider Factsheet
      The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured. &nbsp;
      FUND PROVIDER FACTSHEET
      214,296 bytes PDF Document; last updated 30 Jun 2022
      Key Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INFORMATION DOCUMENT
      193,130 bytes PDF Document; last updated 24 Jun 2022
      Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
      ANNUAL REPORT
      9,307,032 bytes PDF Document; last updated 31 Mar 2022
      Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
      SEMI-ANNUAL REPORT
      2,279,971 bytes PDF Document; last updated 30 Sep 2021

      Management Team

      Lawrence Burns Tom Slater

      Lawrence Burns has managed this fund for 4 months.

      Lawrence Burns Lawrence was appointed deputy manager of Scottish Mortgage Investment Trust in 2021. He became a partner in 2020. Since 2017, Lawrence has co-managed the International Concentrated Growth Strategy and in 2020 he became a manager of the Vanguard International Growth Fund. In 2012 he became a member of the Portfolio Construction Group for the International Growth Strategy. Lawrence Burns joined Baillie Gifford in 2009 and his investment focus is on transformative growth companies.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Tom Slater has managed this fund for 7 years and 7 months.

      Tom Slater Tom is Head of the US Equities Team and is a decision maker for the Long Term Global Growth strategy. He joined Baillie Gifford in 2000 and became a Partner of the firm in 2012. After serving as Deputy Manager for five years, Tom was appointed Joint Manager of Scottish Mortgage Investment Trust in 2015. During his time at Baillie Gifford he has also worked in the Developed Asia and UK Equity teams. Tom’s investment interest is focused on high growth companies both in listed equity markets and as an investor in private companies. He graduated BSc in Computer Science with Mathematics from the University of Edinburgh in 2000.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Financials


      Income Statement - All values are in GBP (M).

      Year Ending

      31/03/2022

      31/03/2021

      31/03/2020

      31/03/2019

      31/03/2018

      31/03/2017

      Total Revenue -2,439.32 9,295.86 1,034.37 939.54 1,255.14 1,339.08
      Gross profit -2,535.62 9,223.40 979.11 887.80 1,215.20 1,305.50
      Operating Profit/Loss -2,542.44 9,217.10 974.27 883.46 1,211.27 1,301.96
      Profit Before Tax -2,542.44 9,217.10 974.27 883.46 1,211.27 1,301.96
      Profit After Tax -2,544.35 9,213.66 973.06 883.28 1,211.22 1,300.24
      Equity Holders of Parent Company -2,544.35 9,213.66 973.06 883.28 1,211.22 1,300.24
      Minority Interest NIL NIL NIL NIL NIL NIL


      Balance Sheet - All values are in GBP (M).

      Year Ending

      31/03/2022

      31/03/2021

      31/03/2020

      31/03/2019

      31/03/2018

      31/03/2017

      Total Non-Current Assets 16,669.47 18,042.69 9,079.65 8,098.82 6,646.02 5,298.34
      Total Current Assets 243.10 233.01 86.95 63.48 37.74 92.94
      Total Assets 16,912.57 18,275.70 9,166.60 8,162.30 6,683.75 5,391.27
      Total Liabilities 2,156.57 1,286.23 921.96 732.37 496.00 517.68
      Total Net Assets 14,756.00 16,989.47 8,244.63 7,429.93 6,187.76 4,873.59
      Shareholders Funds 14,756.00 16,989.47 8,244.63 7,429.93 6,187.76 4,873.59
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity 14,756.00 16,989.47 8,244.63 7,429.93 6,187.76 4,873.59

      Investment involves risk. You may get back less than invested.