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

Symbol: SMT

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

  • 20th Oct 2015 to 20th Oct 201639.91%
  • 20th Oct 2016 to 20th Oct 201730.10%
  • 20th Oct 2017 to 20th Oct 201811.82%
  • 20th Oct 2018 to 20th Oct 2019-0.20%
  • 20th Oct 2019 to 20th Oct 2020121.30%

Key Information

Benchmark FTSE All World
Sector IT Global
Gearing 108%
Ex-Dividend Date 4 Jun 2020
Dividend Pay Date 1 Jul 2020
Total Dividends - Year to Date0.0325
Dividend Yield (%)0.0031

Net Asset Value (Nav)

Latest actual NAV 1,047.21
Latest actual NAV date 16/10/2020
NAV frequency Daily
Premium/Discount 0.74%

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

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.
0.8395%
Performance Fee No
AMC 0.30%
Our Platform Charge
We charge a platform fee starting at 0.35% for the first £250,000 of assets. Out charges for assets above £250,000 are shown on our rates and charges sheet
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

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

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 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
0.8395%
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 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 applied

These are the illustrative values of a  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 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 assuming a 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 assuming a growth rate
What you might get back at with charges applied

What you might get back at with charges applied

These 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 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 2020, Scottish Mortgage Investment Trust PLC revenues increased 10% to £1.03B. Net income increased 10% to £973.1M. Revenues reflect Interest from financial assets increase from £62K to £1M, Interest Income - Investment increase of 29% to £1.2M. Net income also reflects Auditors remuneration decrease of 4% to £49K (expense). Dividend per share remained flat at £0.03.

Performance

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      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      8.82% 16.83% 70.31% 121.30% 146.97% 349.54%

      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
      293,509 bytes PDF Document; last updated 31 Aug 2020
      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
      170,861 bytes PDF Document; last updated 27 Aug 2020
      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
      27,382,282 bytes PDF Document; last updated 31 Mar 2020
      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
      527,425 bytes PDF Document; last updated 30 Sep 2019

      Management Team

      Tom Slater James Anderson

      Tom Slater has managed this fund for 11 years and 2 months.

      Tom Slater Tom is Head of the US Equities Team and is a Decision Maker on Long Term Global Growth Portfolios. He 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. During his time at Baillie Gifford he has also 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

      Performance Graph

      James Anderson has managed this fund for 20 years and 6 months.

      James Anderson James 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 Chaired the International Growth Portfolio Group from its inception in 2003 until July 2019 and remains co-manager of Vanguard International Growth. In 2003, James also co-founded our Long Term Global Growth Strategy. Prior to this, he headed our European Equity Team. James has 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. He joined Baillie Gifford in 1983 and became a Partner in 1987. James graduated BA in History from the University of Oxford 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.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Financials


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

      Year Ending

      31/03/2020

      31/03/2019

      31/03/2018

      31/03/2017

      31/03/2016

      31/03/2015

      Total Revenue 1,034.37 939.54 1,255.14 1,339.08 19.05 754.54
      Gross profit 979.11 887.80 1,215.20 1,305.50 -10.74 726.48
      Operating Profit/Loss 974.27 883.46 1,211.27 1,301.96 -13.92 723.17
      Profit Before Tax 974.27 883.46 1,211.27 1,301.96 -13.92 723.17
      Profit After Tax 973.06 883.28 1,211.22 1,300.24 -14.78 722.07
      Equity Holders of Parent Company 973.06 883.28 1,211.22 1,300.24 -14.78 722.07
      Minority Interest NIL NIL NIL NIL NIL NIL


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

      Year Ending

      31/03/2020

      31/03/2019

      31/03/2018

      31/03/2017

      31/03/2016

      31/03/2015

      Total Non-Current Assets 9,079.65 8,098.82 6,646.02 5,298.34 3,922.12 3,747.29
      Total Current Assets 86.95 63.48 37.74 92.94 48.02 80.24
      Total Assets 9,166.60 8,162.30 6,683.75 5,391.27 3,970.15 3,827.52
      Total Liabilities 921.96 732.37 496.00 517.68 512.70 494.31
      Total Net Assets 8,244.63 7,429.93 6,187.76 4,873.59 3,457.44 3,333.22
      Shareholders Funds 8,244.63 7,429.93 6,187.76 4,873.59 3,457.44 3,333.22
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity 8,244.63 7,429.93 6,187.76 4,873.59 3,457.44 3,333.22

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