SECURITIES TRUST OF SCOTLAND (NEW) RED ORD GBP0.01

Symbol: STS

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Past Performance

  • 15th Dec 2013 to 15th Dec 2014-1.55%
  • 15th Dec 2014 to 15th Dec 2015-3.62%
  • 15th Dec 2015 to 15th Dec 201633.66%
  • 15th Dec 2016 to 15th Dec 201711.79%
  • 15th Dec 2017 to 15th Dec 2018-3.12%

Key Information

Benchmark N/A
Sector IT Global Equity Income
AMC 0.60%
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.
1.2477%
Gearing 109%
Performance Fee No
Ex-Dividend Date 27 Dec 2018
Dividend Pay Date 18 Jan 2019
Total Dividends - Year to Date6.1
Dividend Yield (%)3.7423

Net Asset Value (Nav)

Latest actual NAV 174.69
Latest actual NAV date 12/12/2018
NAV frequency Daily
Premium/Discount -6.69%

Company

Business Summary

Securities Trust of Scotland plc is a closed-end investment trust. The investment objective of the Company is to achieve rising income and long-term capital growth through investment in a balanced portfolio constructed from global equities. The Company invests predominantly in global equities. The majority of the portfolio is invested in large capitalization companies and companies with market capitalizations. The Company invests approximately 15% of its gross assets in limited investment companies (including the United Kingdom listed investment trusts). It invests over 10% of the total portfolio in collective investment schemes, of which no holding can exceed 10% of the value of the collective investment scheme. Its investment portfolio includes financials, industrials, consumer goods, healthcare, consumer services, telecommunications, oil and gas, utilities, basic materials and technology. The Company's investment manager is Martin Currie Investment Management Limited.

Financial Summary

BRIEF: For the six months ended 30 September 2018, Securities Trust of Scotland plc revenues increased from £4.5M to £21.6M. Net income increased from £2.9M to £20M. Revenues reflect Movement in unrealised gains/ (losses) increase from -£7.7M to £12.5M, Overseas - equities increase of 8% to £4M, UK - equities increase of 5% to £787K. Dividend per share remained flat at £0.03.

Performance

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      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      0.77% -3.87% -3.43% -3.12% 44.76% 37.36%

      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
      209,911 bytes PDF Document; last updated 31 Oct 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
      53,086 bytes PDF Document; last updated 28 Dec 2017
      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
      865,571 bytes PDF Document; last updated 31 Mar 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
      549,713 bytes PDF Document; last updated 30 Sep 2017

      Management Team

      Mark Whitehead has managed this fund for 2 years and 7 months.

      Mark Whitehead Mark joined Martin Currie as Head of Income in November 2015. He manages the Securities Trust of Scotland, an investment trust with a global equity-income remit, and co-manages the Martin Currie Global Equity Income strategy. Previously, Mark worked at Sarasin & Partners where he constructed and managed a range of income, balanced, growth, and absolute return portfolios; he became lead manager for its thematic funds in the Global Dividend range in 2007, and latterly was appointed Head of Equity Income from 2010. Before Sarasin & Partners, he was a portfolio manager at stockbroker Capel Cure Sharp. Mark started his investment career at NatWest Stockbrokers in 1998 and is a member of the Chartered Institute for Securities & Investment (CISI).

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Financials


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

      Year Ending

      31/03/2018

      31/03/2017

      31/03/2016

      31/03/2015

      31/03/2014

      31/03/2013

      Total Revenue 0.92 45.45 -0.55 22.12 7.42 30.46
      Gross profit -0.80 43.83 -1.73 20.89 6.31 29.44
      Operating Profit/Loss -1.42 43.23 -2.37 20.37 5.75 28.91
      Profit Before Tax -1.42 43.23 -2.37 20.37 5.75 28.91
      Profit After Tax -2.11 42.59 -3.10 19.58 5.03 28.35
      Equity Holders of Parent Company -2.11 42.59 -3.10 19.58 5.03 28.35
      Minority Interest NIL NIL NIL NIL NIL NIL


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

      Year Ending

      31/03/2018

      31/03/2017

      31/03/2016

      31/03/2015

      31/03/2014

      31/03/2013

      Total Non-Current Assets 206.67 219.81 179.90 198.71 179.05 163.68
      Total Current Assets 7.77 5.70 2.21 6.07 4.49 5.02
      Total Assets 214.44 225.51 182.12 204.78 183.53 168.70
      Total Liabilities NIL NIL NIL NIL NIL NIL
      Total Net Assets NIL NIL NIL NIL NIL NIL
      Shareholders Funds 187.78 199.46 164.49 185.03 173.17 156.44
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity NIL NIL NIL NIL NIL NIL