Part of our Foundation Fundlist SCOTTISH MORTGAGE INV TRUST ORD GBP0.05

Symbol: SMT

This security went ex-dividend on 06/06/2019. Pay date is 02/07/2019

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

Past Performance

  • 25th Jun 2014 to 25th Jun 201530.46%
  • 25th Jun 2015 to 25th Jun 2016-2.53%
  • 25th Jun 2016 to 25th Jun 201761.32%
  • 25th Jun 2017 to 25th Jun 201830.08%
  • 25th Jun 2018 to 25th Jun 2019-0.58%

Key Information

Benchmark FTSE All World
Sector IT Global
AMC 0.30%
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.
0.8061%
Gearing 108%
Performance Fee No
Ex-Dividend Date 6 Jun 2019
Dividend Pay Date 2 Jul 2019
Total Dividends - Year to Date3.13
Dividend Yield (%)0.5867

Net Asset Value (Nav)

Latest actual NAV 522.35
Latest actual NAV date 21/06/2019
NAV frequency Daily
Premium/Discount 2.13%

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
0.8061%
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

Scottish Mortgage Investment Trust PLC is an investment trust. The Company invests in listed and unlisted equities and makes other investments so as to achieve its investment objective of maximizing total return, whilst also generating dividend growth, from a focused and actively managed global portfolio. The Company invests in various sectors, such as healthcare, consumer goods, industrials, basic materials, technology and financials. The Company invests in various countries, including North America, Europe, South America, Asia, and Africa and the Middle East. The Company's alternative investment fund manager (AIFM) is Baillie Gifford & Co Limited.

Financial Summary

BRIEF: For the fiscal year ended 31 March 2019, Scottish Mortgage Investment Trust PLC revenues decreased 25% to £939.5M. Net income decreased 27% to £883.3M. Revenues reflect Gains on investments decrease of 23% to £923.5M, Currency (losses)/gains decrease from £21.1M to -£12.2M, Dividends from financial assets decrease of 10% to £27.2M. Net income also reflects General Administrative Expenses increase of 11% to £4.1M (expense).

Performance

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      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      5.80% 8.50% 20.86% -0.58% 108.64% 165.31%

      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
      263,524 bytes PDF Document; last updated 31 May 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
      169,625 bytes PDF Document; last updated 14 May 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
      6,140,620 bytes PDF Document; last updated 31 Mar 2019
      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
      479,666 bytes PDF Document; last updated 30 Sep 2018

      Management Team

      Tom Slater James Anderson

      Tom Slater has managed this fund for 9 years and 10 months.

      Tom Slater Tom graduated BSc in Computer Science with Mathematics from the University of Edinburgh in 2000. He joined Baillie Gifford the same year and worked in the Developed Asia and UK Equity Teams before joining the Long Term Global Growth Team at the start of 2009. Tom became a Partner in the firm in 2012. Tom was appointed Joint Manager of Scottish Mortgage Investment Trust in January 2015 having served as Deputy Manager for the previous five years. In 2015 Tom was appointed Head of the North American Equities Team and is a decision maker on Long Term Global Growth portfolios. Tom’s investment interest is focused on high growth companies both in listed equity markets and as an investor in private companies.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      James Anderson has managed this fund for 19 years and 2 months.

      James Anderson James graduated BA in History from Oxford University and after postgraduate study in Italy and Canada he gained an MA in International Affairs in 1982. He is a Trustee of the Johns Hopkins University. He joined Baillie Gifford in 1983 and became a Partner in 1987. He headed our European Equity Team until 2003 when he co-founded our Long Term Global Growth strategy. He has Chaired the EAFE Alpha Portfolio Group since its inception in 2003, has been the Manager and then Joint Manager of Scottish Mortgage Investment Trust since 2000, and is a co-manager of the International Concentrated Growth strategy. He has also served as a member of the Advisory Board of the government sponsored Kay Review and as Chair of the subsequent industry working group that set up the UK Investor Forum. James is a member of the Firm’s Strategic Leadership Group.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Financials


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

      Year Ending

      31/03/2019

      31/03/2018

      31/03/2017

      31/03/2016

      31/03/2015

      31/03/2014

      Total Revenue 939.54 1,255.14 1,339.08 19.05 754.54 504.65
      Gross profit 887.80 1,215.20 1,305.50 -10.74 726.48 477.17
      Operating Profit/Loss 883.46 1,211.27 1,301.96 -13.92 723.17 474.33
      Profit Before Tax 883.46 1,211.27 1,301.96 -13.92 723.17 474.33
      Profit After Tax 883.28 1,211.22 1,300.24 -14.78 722.07 470.73
      Equity Holders of Parent Company 883.28 1,211.22 1,300.24 -14.78 722.07 470.73
      Minority Interest NIL NIL NIL NIL NIL NIL


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

      Year Ending

      31/03/2019

      31/03/2018

      31/03/2017

      31/03/2016

      31/03/2015

      31/03/2014

      Total Non-Current Assets 8,098.82 6,646.02 5,298.34 3,922.12 3,747.29 2,980.63
      Total Current Assets 63.48 37.74 92.94 48.02 80.24 26.80
      Total Assets 8,162.30 6,683.75 5,391.27 3,970.15 3,827.52 3,007.43
      Total Liabilities NIL NIL NIL NIL NIL NIL
      Total Net Assets NIL NIL NIL NIL NIL NIL
      Shareholders Funds 7,429.93 6,187.76 4,873.59 3,457.44 3,333.22 2,597.71
      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.