ABERFORTH SMALLER COMPANIES TRUST ORD GBP0.01

Symbol: ASL

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

Past Performance

  • 15th Dec 2013 to 15th Dec 2014-0.01%
  • 15th Dec 2014 to 15th Dec 201515.45%
  • 15th Dec 2015 to 15th Dec 2016-4.86%
  • 15th Dec 2016 to 15th Dec 201725.92%
  • 15th Dec 2017 to 15th Dec 2018-9.87%

Key Information

Benchmark Numis Smaller Companies 1000 Excluding Investment Companies
Sector IT UK Smaller Companies
AMC 0.71%
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.
0.86%
Gearing 101%
Performance Fee No
Ex-Dividend Date 9 Aug 2018
Dividend Pay Date 31 Aug 2018
Total Dividends - Year to Date29.25
Dividend Yield (%)2.5568

Net Asset Value (Nav)

Latest actual NAV 1,298.74
Latest actual NAV date 12/12/2018
NAV frequency Daily
Premium/Discount -11.91%

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

Company

Business Summary

Aberforth Smaller Companies Trust plc is a United Kingdom-based closed-ended investment company. The Company's investment objective is to achieve a net asset value total return (with dividends reinvested) greater than that of the Numis Smaller Companies Index (Excluding Investment Companies) (NSCI (XIC)). It is focused on achieving its objective by investing in small United Kingdom quoted companies. The Company may, at time of purchase, invest up to 15% of its assets in any one security. Its investment portfolio comprises investment in sectors, which include oil and gas producers; oil equipment, services and distribution; chemicals; industrial metals and mining; mining; construction and materials; aerospace and defense; general industrials; electronic and electrical equipment; industrial engineering; industrial transportation; support services; food producers; leisure goods, and pharmaceuticals and biotechnology. Aberforth Partners LLP is the investment manager of the Company.

Financial Summary

BRIEF: For the six months ended 30 June 2018, Aberforth Smaller Companies Trust plc revenues decreased 77% to £39.5M. Net income decreased 81% to £31.6M. Revenues reflect Movement in fair value decrease from £110M to -£100.4M. Net income also reflects Transaction costs increase of 41% to £2.1M (expense), Finance costs increase of 49% to £406K (expense). Dividend per share increased from £0.09 to £0.10.

Performance

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      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      -7.89% -14.11% -19.67% -9.87% 7.97% 24.65%

      Important Information
      Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertanly 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 graphs shown are supplied by an external data provider and may contain data that appears to preced the introduction of the clean unit class for this fund. In such cases, historial 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.
      FUND PROVIDER FACTSHEET
      168,843 bytes PDF Document; last updated 30 Nov 2018
      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
      248,660 bytes PDF Document; last updated 26 Feb 2018
      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
      1,232,066 bytes PDF Document; last updated 31 Dec 2017
      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
      353,823 bytes PDF Document; last updated 30 Jun 2018

      Management Team

      Euan Macdonald Keith Muir Richard Newbery Alistair Whyte Peter Shaw Chris Watt

      Euan Macdonald has managed this fund for 17 years and 7 months.

      Euan Macdonald Euan joined Aberforth in May 2001 and became a Partner in May 2004. He is responsible for the following sectors - Automobiles & Parts; Industrial Engineering; Insurance; Leisure Goods; Software & Computer Services; Telecommunications; and Utilities.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Other investment trusts managed by Euan

      Name of Security Sole/Co Managed Since
      Abrf Spl Lvl IncTrstPLC O 1P Co Jul 2017
      Abrf Spl Lvl IncTrstPLC Z 1P Co Jul 2017

      Keith Muir has managed this fund for 7 years and 9 months.

      Keith Muir Keith joined Aberforth in March 2011 and became a Partner in May 2014. He is responsible for the following sectors - Chemicals; Construction & Materials; Household Goods & Home Construction; and Real Estate.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Other investment trusts managed by Keith

      Name of Security Sole/Co Managed Since
      Abrf Spl Lvl IncTrstPLC O 1P Co Jul 2017
      Abrf Spl Lvl IncTrstPLC Z 1P Co Jul 2017

      Richard Newbery has managed this fund for 28 years .

      Richard Newbery Richard joined Aberforth as a Founding Partner in May 1990. He is responsible for the following sectors - Alternative Energy; Electronic & Electrical Equipment; Food & Beverages; Forestry & Paper; General Industrials; Personal Goods; and Retailers.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Other investment trusts managed by Richard

      Name of Security Sole/Co Managed Since
      Abrf Spl Lvl IncTrstPLC O 1P Co Jul 2017
      Abrf Spl Lvl IncTrstPLC Z 1P Co Jul 2017

      Alistair Whyte has managed this fund for 28 years .

      Alistair Whyte Alistair joined Aberforth as a Founding Partner in May 1990. He is responsible for the following sectors - Aerospace & Defence; Financial Services; Health Care; Media; Oil & Gas Producers; and Oil Equipment, Services & Distribution.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Other investment trusts managed by Alistair

      Name of Security Sole/Co Managed Since
      Abrf Spl Lvl IncTrstPLC O 1P Co Jul 2017
      Abrf Spl Lvl IncTrstPLC Z 1P Co Jul 2017

      Peter Shaw has managed this fund for 2 years and 8 months.

      Peter Shaw Peter joined Aberforth in April 2016 and became a Partner in May 2017. He is responsible for the following sectors - Support Services and Technology Hardware & Equipment.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Other investment trusts managed by Peter

      Name of Security Sole/Co Managed Since
      Abrf Spl Lvl IncTrstPLC O 1P Co Jul 2017
      Abrf Spl Lvl IncTrstPLC Z 1P Co Jul 2017

      Chris Watt has managed this fund for 2 years and 8 months.

      Chris Watt Chris joined Aberforth in April 2016 and became a Partner in May 2017. He is responsible for the following sectors - Banks; Industrial Metals & Mining; Industrial Transportation; Mining; and Travel & Leisure.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Other investment trusts managed by Chris

      Name of Security Sole/Co Managed Since
      Abrf Spl Lvl IncTrstPLC O 1P Co Jul 2017
      Abrf Spl Lvl IncTrstPLC Z 1P Co Jul 2017

      Financials


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

      Year Ending

      31/12/2017

      31/12/2016

      31/12/2015

      31/12/2014

      31/12/2013

      31/12/2012

      Total Revenue 276.05 73.98 126.25 5.83 406.96 197.60
      Gross profit 266.41 65.68 117.49 -2.81 399.99 192.12
      Operating Profit/Loss 263.01 63.07 112.82 -6.82 395.60 189.64
      Profit Before Tax 262.35 62.39 112.18 -7.59 394.31 188.20
      Profit After Tax 262.35 62.35 112.18 -7.59 394.31 188.18
      Equity Holders of Parent Company 262.35 62.35 112.18 -7.59 394.31 188.18
      Minority Interest NIL NIL NIL NIL NIL NIL


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

      Year Ending

      31/12/2017

      31/12/2016

      31/12/2015

      31/12/2014

      31/12/2013

      31/12/2012

      Total Non-Current Assets 1,440.50 1,253.25 1,195.58 1,138.79 1,167.63 813.33
      Total Current Assets 3.94 3.12 3.75 2.91 2.66 2.12
      Total Assets 1,444.44 1,256.37 1,199.33 1,141.70 1,170.29 815.44
      Total Liabilities NIL NIL NIL NIL NIL NIL
      Total Net Assets NIL NIL NIL NIL NIL NIL
      Shareholders Funds 1,435.64 1,220.23 1,191.88 1,107.34 1,138.13 768.18
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity NIL NIL NIL NIL NIL NIL