SCOTTISH MORTGAGE INV TRUST ORD GBP0.05
Symbol: SMT
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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
- 23rd Apr 2019 to 23rd Apr 202020.13%
- 23rd Apr 2020 to 23rd Apr 202199.11%
- 23rd Apr 2021 to 23rd Apr 2022-27.26%
- 23rd Apr 2022 to 23rd Apr 2023-28.67%
- 23rd Apr 2023 to 23rd Apr 202426.72%
Key Information
| Benchmark | FTSE All World |
| Sector | IT Global |
| Gearing | 107% |
| Ex-Dividend Date | 23 Nov 2023 |
| Dividend Pay Date | 15 Dec 2023 |
| Total Dividends - Year to Date | 4.1 |
| Dividend Yield (%) | 0.5049 |
Net Asset Value (Nav)
| Latest actual NAV | 889.10 |
| Latest actual NAV date | 19/04/2024 |
| NAV frequency | Daily |
| Premium/Discount | -10.54% |
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. |
0.9046% |
| Performance Fee | No |
| AMC | 0.30% |
|
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
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 feeIncludes 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 chargesAny one-off commission charges associated with investing. Note that government taxes and levies are not included |
N/A | |
Product provider costs
Product provider costsProduct provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs |
0.9046% | |
Total (£)
Total (£)Costs per annum displayed in monetary value |
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Total (%)
Total (%)Costs per annum displayed as a percentage of investment value |
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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 appliedThese are the illustrative values of a investment after growth and no costs applied at the end of the defined period |
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Annual charges
Annual chargesThese are the annual costs based on an initial investment amount of assuming a net zero growth rate |
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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 |
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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 |
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What you might get back at with charges applied
What you might get back at with charges appliedThese 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
Scottish Mortgage Investment Trust PLC is a United Kingdom-based investment trust. The Company’s objective is to maximize total return from a portfolio of long-term investments chosen on a global basis enabling the Company to provide capital and dividend growth. The Company invests in listed and private company securities and makes other investments so as to achieve its investment objective to maximize total return from a portfolio of long-term investments. It invests in various sectors, including consumer discretionary, technology, healthcare, industrials, financials, consumer staples, basic materials, energy, and real estate. The Company invests in various geographical segments, including North America, Europe, Asia, and South America. The Company’s Alternative Investment Fund Manager (AIFM) is Baillie Gifford & Co Limited.
Financial Summary
BRIEF: For the six months ended 30 September 2023, Scottish Mortgage Investment Trust PLC revenues increased 87% to -£324.1M. Net loss decreased 85% to £377.3M. Revenues reflect Losses on investments increase of 86% to -£339.9M, Currency losses increase of 94% to -£10.5M, Interest&Dividend Income-Finance, Total increase of 2% to £26.3M. Lower net loss reflects Other administrative expenses decrease of 25% to £2.4M (expense).
Performance
Cumulative Performance
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years |
| -7.60% | 7.12% | 25.59% | 26.72% | -34.25% | 57.26% |
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
View Fund Allocation by:
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.
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.
213,495 bytes PDF Document; last updated 31 Mar 2024
81,523 bytes PDF Document; last updated 05 Apr 2024
6,768,801 bytes PDF Document; last updated 31 Mar 2023
1,207,860 bytes PDF Document; last updated 30 Sep 2023
Management Team
Tom Slater Lawrence Burns
Tom Slater
has managed this fund for 9 years and 3 months.
Tom joined Baillie Gifford in 2000 and became a partner of the firm in 2012. After serving as deputy manager for five years, Tom was appointed joint manager of Scottish Mortgage Investment Trust in 2015. He is also Head of the US Equities Team and a member of the Long Term Global Growth Team. During his time at Baillie Gifford, he has worked in the Developed Asia and UK Equity teams. Tom’s investment interest is focused on high-growth companies both in listed equity markets and as an investor in private companies. He graduated BSc in Computer Science with Mathematics from the University of Edinburgh in 2000.
Manager Cumulative Performance v Peer Group
Lawrence Burns
has managed this fund for 3 years and 1 month.
Lawrence joined Baillie Gifford in 2009 and became a partner in 2020. He is a member of the International Growth Portfolio Construction Group and co-manager of the International Concentrated Growth and Global Outliers strategies. He has been deputy manager of Scottish Mortgage since 2021. He has also worked in the Emerging Markets and UK Equities teams. Lawrence graduated BA in Geography from the University of Cambridge in 2009.
Manager Cumulative Performance v Peer Group
Financials
Income Statement - All values are in GBP (M).
|
Year Ending |
31/03/2023 |
31/03/2022 |
31/03/2021 |
31/03/2020 |
31/03/2019 |
31/03/2018 |
|---|---|---|---|---|---|---|
| Total Revenue | -2,809.97 | -2,439.32 | 9,295.86 | 1,034.37 | 939.54 | 1,255.14 |
| Gross profit | -2,912.53 | -2,535.62 | 9,223.40 | 979.11 | 887.80 | 1,215.20 |
| Operating Profit/Loss | -2,918.39 | -2,542.44 | 9,217.10 | 974.27 | 883.46 | 1,211.27 |
| Profit Before Tax | -2,918.39 | -2,542.44 | 9,217.10 | 974.27 | 883.46 | 1,211.27 |
| Profit After Tax | -2,922.14 | -2,544.35 | 9,213.66 | 973.06 | 883.28 | 1,211.22 |
| Equity Holders of Parent Company | -2,922.14 | -2,544.35 | 9,213.66 | 973.06 | 883.28 | 1,211.22 |
| Minority Interest | NIL | NIL | NIL | NIL | NIL | NIL |
Balance Sheet - All values are in GBP (M).
|
Year Ending |
31/03/2023 |
31/03/2022 |
31/03/2021 |
31/03/2020 |
31/03/2019 |
31/03/2018 |
|---|---|---|---|---|---|---|
| Total Non-Current Assets | 13,149.59 | 16,669.47 | 18,042.69 | 9,079.65 | 8,098.82 | 6,646.02 |
| Total Current Assets | 196.98 | 243.10 | 233.01 | 86.95 | 63.48 | 37.74 |
| Total Assets | 13,346.57 | 16,912.57 | 18,275.70 | 9,166.60 | 8,162.30 | 6,683.75 |
| Total Liabilities | 1,848.57 | 2,156.57 | 1,286.23 | 921.96 | 732.37 | 496.00 |
| Total Net Assets | 11,498.00 | 14,756.00 | 16,989.47 | 8,244.63 | 7,429.93 | 6,187.76 |
| Shareholders Funds | 11,498.00 | 14,756.00 | 16,989.47 | 8,244.63 | 7,429.93 | 6,187.76 |
| Minority Interests | NIL | NIL | NIL | NIL | NIL | NIL |
| Total Equity | 11,498.00 | 14,756.00 | 16,989.47 | 8,244.63 | 7,429.93 | 6,187.76 |