ABRDN UK SMLR COS GROWTH TRUST PLC ORD GBP0.25

Symbol: AUSC

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

Past Performance

  • 5th Mar 2019 to 5th Mar 202021.79%
  • 5th Mar 2020 to 5th Mar 202115.06%
  • 5th Mar 2021 to 5th Mar 20221.16%
  • 5th Mar 2022 to 5th Mar 2023-22.91%
  • 5th Mar 2023 to 5th Mar 20240.87%

Key Information

Benchmark Numis Smaller Companies plus AIM (excluding investment companies)
Sector IT UK Smaller Companies
Gearing 106%
Ex-Dividend Date 14 Mar 2024
Dividend Pay Date 12 Apr 2024
Total Dividends - Year to Date11.7
Dividend Yield (%)2.6411

Net Asset Value (Nav)

Latest actual NAV 489.47
Latest actual NAV date 28/02/2024
NAV frequency Daily
Premium/Discount -11.62%

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.
1.0505%
Performance Fee 0%
AMC 0.75%
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
1.0505%
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

abrdn UK Smaller Companies Growth Trust plc is a United Kingdom-based closed-end investment company. The investment objective of the Company is to achieve long term capital growth by investment in United Kingdom-quoted smaller companies. The Company invests in a diversified portfolio consisting mainly of United Kingdom-quoted smaller companies. The portfolio normally comprises between 50-60 holdings. Its portfolio will not exceed over 5% of total assets at the time of acquisition. The Company invests in various sectors, such as chemicals, industrial metals and mining, consumer services, household goods and home construction, leisure goods, media, personal goods, retailers, travel and leisure, food producers, energy, finance, healthcare, industrial, real estate, technology, and telecommunication. abrdn Fund Managers Limited is the alternative investment fund manager of the Company. abrdn Investment Management Limited is the investment manager of the Company.

Financial Summary

BRIEF: For the fiscal year ended 30 June 2023, Abrdn UK Smlr Cmpn Grth Trst PLC revenues increased 82% to -£32.8M. Net loss decreased 80% to £38.6M. Revenues reflect Net Loss - Fin Instruments Fair Value increase of 76% to -£46.4M, Dividend Income increase of 19% to £13.1M, Interest from AAA Money Market Funds increase from £50K to £526K. Dividend per share increased from £0.08 to £0.11.

Performance

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      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      1.49% 7.52% 8.18% 0.87% -21.34% 10.23%

      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
      215,680 bytes PDF Document; last updated 31 Jan 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
      68,996 bytes PDF Document; last updated 12 Feb 2024
      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
      3,831,569 bytes PDF Document; last updated 30 Jun 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
      2,920,742 bytes PDF Document; last updated 31 Dec 2022

      Management Team

      Abby Glennie Amanda Yeaman

      Abby Glennie has managed this fund for 3 years and 4 months.

      Abby Glennie Abby Glennie is Deputy Head of Smaller Companies at abrdn. She is lead manager on our UK Mid-Cap strategies and co-manager on our UK Smaller Companies strategies. Abby joined the Company in February 2013 as a member of the UK Equity Team, initially working on the UK Large Cap desk, before moving to Smaller Companies in Jan 2016. She was appointed Deputy Head of the team in early 2020, and as part of her role on the EMG she helps lead the Equities Charity Group. Prior to this she worked at Kames Capital (previously Aegon Asset Management) as a Graduate Trainee Investment Manager. Abby has a joint First-Class Honours degree in Economics and Finance and is a CFA charterholder.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Amanda Yeaman has managed this fund for 3 months.

      Amanda Yeaman Amanda is an Investment Manager at abrdn. Amanda is responsible for providing research support predominantly for our UK Smaller Companies strategy but also to the wider Smaller Companies team. Amanda Joined the company in June 2019 from Investec Securities where she was a small and mid-cap equity sales specialist.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Financials


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

      Year Ending

      30/06/2023

      30/06/2022

      30/06/2021

      30/06/2020

      30/06/2019

      30/06/2018

      Total Revenue -32.79 -185.65 222.48 2.19 2.97 80.22
      Gross profit -37.45 -191.62 216.99 -2.62 -1.22 76.38
      Operating Profit/Loss -38.55 -192.41 216.24 -3.37 -2.03 75.59
      Profit Before Tax -38.55 -192.41 216.24 -3.37 -2.03 75.59
      Profit After Tax -38.55 -192.41 216.24 -3.37 -2.03 75.59
      Equity Holders of Parent Company -38.55 -192.41 216.24 -3.37 -2.03 75.59
      Minority Interest NIL NIL NIL NIL NIL NIL


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

      Year Ending

      30/06/2023

      30/06/2022

      30/06/2021

      30/06/2020

      30/06/2019

      30/06/2018

      Total Non-Current Assets 438.41 524.14 770.00 527.04 550.91 424.19
      Total Current Assets 16.06 17.41 24.97 27.39 18.43 11.14
      Total Assets 454.47 541.55 794.97 554.43 569.34 435.33
      Total Liabilities 27.88 42.94 66.73 26.36 26.64 27.06
      Total Net Assets 426.59 498.61 728.25 528.08 542.69 408.27
      Shareholders Funds 426.59 498.61 728.25 528.08 542.69 408.27
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity 426.59 498.61 728.25 528.08 542.69 408.27

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