Part of our Foundation Fundlist ABERFORTH SMALLER COMPANIES TRUST ORD GBP0.01

Symbol: ASL

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

  • 22nd Mar 2014 to 22nd Mar 2015-7.05%
  • 22nd Mar 2015 to 22nd Mar 2016-3.95%
  • 22nd Mar 2016 to 22nd Mar 201719.73%
  • 22nd Mar 2017 to 22nd Mar 201813.85%
  • 22nd Mar 2018 to 22nd Mar 2019-0.02%

Key Information

Benchmark Numis Smaller Companies 1000 Excluding Investment Companies
Sector IT UK Smaller Companies
AMC 0.74%
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.
0.964%
Gearing 100%
Performance Fee No
Ex-Dividend Date 7 Feb 2019
Dividend Pay Date 7 Mar 2019
Total Dividends - Year to Date30.25
Dividend Yield (%)2.3633

Net Asset Value (Nav)

Latest actual NAV 1,371.53
Latest actual NAV date 20/03/2019
NAV frequency Daily
Premium/Discount -6.67%

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

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 £5,000 over 1 year assuming a net zero growth rate

Cost Category % of Investment £5000 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
0.964%
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 5% applies evenly throughout the year, before any charges including product charges

£5,000 lump sum invested with an assumed growth rate of 5% 1 year 5 years
What you might get back at 5% with no charges applied

What you might get back at 5% with no charges applied

These are the illustrative values of a £5,000 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 £5,000 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 £5,000 assuming a 5% 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 £5,000 assuming a 5% growth rate
What you might get back at 5% with charges applied

What you might get back at 5% with charges applied

These are the illustrative values of a £5,000 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 5%. 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

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 fiscal year ended 31 December 2018, Aberforth Smaller Companies Trust plc revenues decreased from £276.1M to -£201.3M. Net loss totaled £215.9M vs. income of £262.3M. Revenues reflect Movement in fair value adjustments decrease from £149.9M to -£372.2M, Scrip Dividends decrease of 63% to £319K. Net loss reflects Portfolio transaction costs increase of 11% to £2.9M (expense).

Performance

  • Chart Options

    Select Timeframe Add a sector as a comparator Add an index as a comparator Add a share as a comparator

      Add a moving average as a comparator Add a lower indicator as a comparator Chart Style Current Comparators

      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      3.90% 13.96% -2.63% -0.02% 36.28% 21.68%

      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.
      FUND PROVIDER FACTSHEET
      165,979 bytes PDF Document; last updated 28 Feb 2019
      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
      123,146 bytes PDF Document; last updated 18 Feb 2019
      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
      1,223,422 bytes PDF Document; last updated 31 Dec 2018
      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

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

      Jeremy Hall has managed this fund for 5 months.

      Jeremy Hall Jeremy graduated in History and Management Studies from Glasgow University. He is a Chartered accountant and CFA Charterholder with investment experience across European and UK markets. He worked on the European desks at Scottish Life and Abbey National Asset Managers before joining SVM in January 2004 as a member of the UK team. Between March 2006 and April 2007 Jeremy was a UK equities analyst with stockbroker Teather and Greenwood. Jeremy joined Cartesian Capital Partners in August 2007.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Other investment trusts managed by Jeremy

      Name of Security Sole/Co Managed Since
      Abrf Spl Lvl IncTrstPLC O 1P Co Oct 2018
      Abrf Spl Lvl IncTrstPLC Z 1P Co Oct 2018

      Keith Muir has managed this fund for 8 years .

      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

      Euan Macdonald has managed this fund for 17 years and 10 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

      Peter Shaw has managed this fund for 2 years and 11 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 11 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

      Richard Newbery has managed this fund for 28 years and 3 months.

      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 and 3 months.

      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

      Financials


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

      Year Ending

      31/12/2018

      31/12/2017

      31/12/2016

      31/12/2015

      31/12/2014

      31/12/2013

      Total Revenue -201.32 276.05 73.98 126.25 5.83 406.96
      Gross profit -211.66 266.12 65.68 117.49 -2.81 399.99
      Operating Profit/Loss -215.07 263.01 63.07 112.82 -6.82 395.60
      Profit Before Tax -215.87 262.35 62.39 112.18 -7.59 394.31
      Profit After Tax -215.87 262.35 62.35 112.18 -7.59 394.31
      Equity Holders of Parent Company -215.87 262.35 62.35 112.18 -7.59 394.31
      Minority Interest NIL NIL NIL NIL NIL NIL


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

      Year Ending

      31/12/2018

      31/12/2017

      31/12/2016

      31/12/2015

      31/12/2014

      31/12/2013

      Total Non-Current Assets 1,168.17 1,440.50 1,253.25 1,195.58 1,138.79 1,167.63
      Total Current Assets 3.29 3.94 3.12 3.75 2.91 2.66
      Total Assets 1,171.45 1,444.44 1,256.37 1,199.33 1,141.70 1,170.29
      Total Liabilities NIL NIL NIL NIL NIL NIL
      Total Net Assets NIL NIL NIL NIL NIL NIL
      Shareholders Funds 1,153.74 1,435.64 1,220.23 1,191.88 1,107.34 1,138.13
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity NIL NIL NIL NIL NIL NIL

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