Part of our Foundation Fundlist BLACKROCK SMALLER COMPANIES TST PLCORD GBP0.25

Symbol: BRSC

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

Past Performance

  • 25th Apr 2019 to 25th Apr 2020-11.08%
  • 25th Apr 2020 to 25th Apr 202155.53%
  • 25th Apr 2021 to 25th Apr 2022-12.16%
  • 25th Apr 2022 to 25th Apr 2023-16.23%
  • 25th Apr 2023 to 25th Apr 20249.93%

Key Information

Benchmark Numis Smaller Companies plus AIM (excluding investment companies)
Sector IT UK Smaller Companies
Gearing 108%
Ex-Dividend Date 2 Nov 2023
Dividend Pay Date 4 Dec 2023
Total Dividends - Year to Date40.5
Dividend Yield (%)2.8805

Net Asset Value (Nav)

Latest actual NAV 1,465.99
Latest actual NAV date 22/04/2024
NAV frequency Daily
Premium/Discount -9.5%

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.
1.5832%
Performance Fee 0%
AMC 0.60%
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
1.5832%
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

BlackRock Smaller Companies Trust plc is a United Kingdom-based investment trust. The Company's principal activity is portfolio investment. The Company's objective is to achieve long-term capital growth for shareholders through investment mainly in smaller United Kingdom-quoted companies. The Company seeks to achieve its investment objective by investing predominantly in United Kingdom smaller companies which are listed or traded on the London Stock Exchange or on the alternative investment market (AIM). It also invests in securities which are listed overseas but have a secondary United Kingdom quotation. The Company invests in various sectors, including industrials, financials, technology, basic materials, energy, health care, real estate, utilities, consumer discretionary, consumer staples and telecommunications. The Company's investment manager is BlackRock Investment Management (UK) Limited. The Company's alternative investment fund manager is BlackRock Fund Managers Limited.

Financial Summary

BRIEF: For the six months ended 31 August 2023, BlackRock Smaller Companies Trust plc revenues increased 63% to -£55.5M. Net loss decreased 62% to £59.3M. Revenues reflect Net Loss - Fin. Instruments Fair Value increase of 58% to -£69.8M, UK special dividends increase from £210K to £984K, UK dividends increase of 4% to £9.7M. Lower net loss reflects Other Administrative expenses decrease of 9% to £224K (expense). Dividend per share remained flat at £0.15.

Performance

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      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      4.30% 5.24% 20.62% 9.93% -19.11% 11.86%

      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
      304,028 bytes PDF Document; last updated 29 Feb 2024
      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
      116,144 bytes PDF Document; last updated 05 Sep 2023
      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
      3,679,269 bytes PDF Document; last updated 28 Feb 2023
      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
      3,351,446 bytes PDF Document; last updated 31 Aug 2023

      Management Team

      Roland Arnold has managed this fund for 5 years and 11 months.

      Roland Arnold Roland Arnold, CFA, Director and Portfolio Manager, is a member of the Emerging Companies Team in the BlackRock’s Fundamental Active Equity Group. Roland's primary responsibility is managing small and mid cap UK equity portfolios, including the BlackRock UK Special Situations Fund, which he has managed since August 2012 and the BlackRock UK Smaller Companies Fund which he has managed since March 2015. Roland is also responsible for researching Industrials. Roland's service with the firm dates back to 2000, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Roland earned a BA (Hons) in Economics and Management from Leeds University in 1998.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Financials


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

      Year Ending

      28/02/2023

      28/02/2022

      28/02/2021

      29/02/2020

      28/02/2019

      28/02/2018

      Total Revenue -132.66 72.21 127.73 100.87 -26.27 143.92
      Gross profit -139.93 62.82 120.34 93.88 -33.35 136.00
      Operating Profit/Loss -140.61 62.25 119.46 93.14 -33.88 135.48
      Profit Before Tax -140.61 62.25 119.46 93.14 -33.88 135.48
      Profit After Tax -140.73 62.14 119.29 93.08 -33.95 135.38
      Equity Holders of Parent Company -140.73 62.14 119.29 93.08 -33.95 135.38
      Minority Interest NIL NIL NIL NIL NIL NIL


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

      Year Ending

      28/02/2023

      28/02/2022

      28/02/2021

      29/02/2020

      28/02/2019

      28/02/2018

      Total Non-Current Assets 806.09 956.43 948.45 812.02 707.15 792.06
      Total Current Assets 30.49 79.24 19.88 43.08 14.10 16.47
      Total Assets 836.58 1,035.66 968.33 855.09 721.25 808.53
      Total Liabilities 78.05 118.59 97.03 87.22 47.16 87.09
      Total Net Assets 758.53 917.08 871.30 767.87 674.09 721.44
      Shareholders Funds 758.53 917.08 871.30 767.87 674.09 721.44
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity 758.53 917.08 871.30 767.87 674.09 721.44

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