Schroder UK Dynamic Smaller Companies Class Z Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/01/20 to 31/01/21 |
31/01/21 to 31/01/22 |
31/01/22 to 31/01/23 |
31/01/23 to 31/01/24 |
31/01/24 to 31/01/25 |
|
|---|---|---|---|---|---|
| Fund | 4.4% | 18.2% | -14.9% | -8.7% | -3.0% |
| Sector | 6.6% | 12.8% | -16.3% | -2.7% | 5.9% |
| Rank | 23/42 | 10/43 | 18/43 | 42/44 | 42/44 |
| Quartile | 3 | 1 | 2 | 4 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/01/25 |
5 Years to 31/01/25 |
10 Years to 31/01/25 |
||
| Fund | -9.0% | -1.4% | 4.9% | |
| Sector | -4.8% | 0.7% | 6.2% | |
| Rank | 38/43 | 34/42 | 31/36 | |
| Quartile | 4 | 4 | 4 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TELECOM PLUS | 2.98 |
| ME GROUP INTERNATIONAL | 2.67 |
| WATCHES OF SWITZERLAND GROUP | 2.65 |
| JUST GROUP | 2.43 |
| PARAGON BANKING GROUP | 2.36 |
| ALFA FINANCIAL SOFTWARE HOLDINGS | 2.32 |
| WARPAINT LONDON | 2.28 |
| MACFARLANE GROUP | 2.16 |
| WINDWARD LTD | 2.13 |
| FRP ADVISORY GROUP | 2.12 |
| Total | 24.09 |
Fund Aims
The fund aims to achieve long-term capital growth by investing primarily in UK smaller companies. The fund will invest at least 80 per cent of its assets in the UK listed companies that form the bottom 10 per cent by market capitalisation.
Fund Manager
John Warren is a member of the pan-European equity team. He has over 12 years’ investment experience, having previously been at UBS and Investec Bank. John graduated from Loughborough University with a degree in Economics and Accountancy. He holds the ACA and SFA qualifications.
Portfolio manager for Schroder European Smaller Companies
Luke also has analyst research responsibilities across the Pan-European Small Cap universe
CFA Charterholder
Joined Schroders as a graduate in October 2006
BSc (Hons) in Computer Science, University of Bath
Fund Overview
| Mid (04/02/2025) | 453.20p |
| Historic yield | 1.60% |
| Fund size (31/12/2024) | £126.83m |
| Number of holdings | 89 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.92% |
| Launch date | 02/08/1996 |
Asset Allocation
| UK Equities | 88.61% | |
| International Equities | 6.37% | |
| Alternative Trading Strategies | 3.37% | |
| International Bonds | 0.74% | |
| Cash and Equivalents | 0.52% | |
| UK Corporate Bonds | 0.28% | |
| Other Assets | 0.09% |
Commentary
Not Applicable
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| UK Equities | 88.61% | |
| International Equities | 6.37% | |
| Alternative Trading Strategies | 3.37% | |
| International Bonds | 0.74% | |
| Cash and Equivalents | 0.52% | |
| UK Corporate Bonds | 0.28% | |
| Other Assets | 0.09% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 22.79% | - | - | - | |
| Industrial Goods & Services | - | 17.51% | - | - | |
| Industrial Support Services | - | - | 8.34% | - | |
| Professional Business Support Services | - | - | - | 5.92% | |
| Security Services | - | - | - | 1.23% | |
| Transaction Processing Services | - | - | - | 1.20% | |
| Industrial Transportation | - | - | 4.63% | - | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 3.63% | |
| Marine Transportation | - | - | - | 1.00% | |
| General Industrials | - | - | 2.16% | - | |
| Containers & Packaging | - | - | - | 2.16% | |
| Electronic & Electrical Equipment | - | - | 1.45% | - | |
| Electrical Components | - | - | - | 0.88% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.57% | |
| Industrial Engineering | - | - | 0.93% | - | |
| Machinery: Specialty | - | - | - | 0.93% | |
| Construction & Materials | - | 5.28% | - | - | |
| Construction & Materials | - | - | 5.28% | - | |
| Construction | - | - | - | 3.13% | |
| Engineering & Contracting Services | - | - | - | 2.15% | |
| Consumer Discretionary | 21.24% | - | - | - | |
| Consumer Products & Services | - | 10.86% | - | - | |
| Personal Goods | - | - | 4.92% | - | |
| Luxury Items | - | - | - | 2.65% | |
| Cosmetics | - | - | - | 2.28% | |
| Household Goods & Home Construction | - | - | 3.27% | - | |
| Home Construction | - | - | - | 1.51% | |
| Household Equipment & Products | - | - | - | 1.17% | |
| Household Furnishings | - | - | - | 0.58% | |
| Leisure Goods | - | - | 2.67% | - | |
| Photography | - | - | - | 2.67% | |
| Media | - | 5.30% | - | - | |
| Media | - | - | 5.30% | - | |
| Media Agencies | - | - | - | 3.62% | |
| Publishing | - | - | - | 1.68% | |
| Travel & Leisure | - | 5.07% | - | - | |
| Travel & Leisure | - | - | 5.07% | - | |
| Casinos & Gambling | - | - | - | 2.03% | |
| Travel & Tourism | - | - | - | 1.76% | |
| Restaurants & Bars | - | - | - | 1.28% | |
| Financials | 20.67% | - | - | - | |
| Financial Services | - | 14.45% | - | - | |
| Investment Banking & Brokerage Services | - | - | 11.10% | - | |
| Investment Services | - | - | - | 6.81% | |
| Asset Managers & Custodians | - | - | - | 4.29% | |
| Finance & Credit Services | - | - | 3.35% | - | |
| Consumer Lending | - | - | - | 3.13% | |
| Mortgage Finance | - | - | - | 0.22% | |
| Insurance | - | 4.04% | - | - | |
| Life Insurance | - | - | 2.43% | - | |
| Life Insurance | - | - | - | 2.43% | |
| Non-life Insurance | - | - | 1.61% | - | |
| Property & Casualty Insurance | - | - | - | 1.61% | |
| Banks | - | 2.17% | - | - | |
| Banks | - | - | 2.17% | - | |
| Banks | - | - | - | 2.17% | |
| Technology | 10.22% | - | - | - | |
| Technology | - | 10.22% | - | - | |
| Software & Computer Services | - | - | 9.91% | - | |
| Software | - | - | - | 7.32% | |
| Computer Services | - | - | - | 1.46% | |
| Consumer Digital Services | - | - | - | 1.14% | |
| Technology Hardware & Equipment | - | - | 0.31% | - | |
| Computer Hardware | - | - | - | 0.31% | |
| Consumer Staples | 4.42% | - | - | - | |
| Food, Beverage & Tobacco | - | 2.83% | - | - | |
| Food Producers | - | - | 2.83% | - | |
| Food Products | - | - | - | 1.50% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 1.33% | |
| Personal Care, Drug & Grocery Stores | - | 1.59% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.59% | - | |
| Miscellaneous Consumer Staple Goods | - | - | - | 1.59% | |
| Utilities | 4.12% | - | - | - | |
| Utilities | - | 4.12% | - | - | |
| Electricity | - | - | 2.98% | - | |
| Conventional Electricity | - | - | - | 2.98% | |
| Gas, Water & Multi-utilities | - | - | 1.14% | - | |
| Multi-Utilities | - | - | - | 1.14% | |
| Alternative Trading Strategies | 3.37% | - | - | - | |
| Alternative Trading Strategies | - | 3.37% | - | - | |
| Alternative Trading Strategies | - | - | 3.37% | - | |
| Alternative Trading Strategies | - | - | - | 3.37% | |
| Basic Materials | 3.32% | - | - | - | |
| Basic Resources | - | 3.30% | - | - | |
| Industrial Metals & Mining | - | - | 2.06% | - | |
| Metal Fabricating | - | - | - | 2.06% | |
| Industrial Materials | - | - | 1.24% | - | |
| Diversified Materials | - | - | - | 1.24% | |
| Chemicals | - | 0.01% | - | - | |
| Chemicals | - | - | 0.01% | - | |
| Specialty Chemicals | - | - | - | 0.01% | |
| Energy | 2.75% | - | - | - | |
| Energy | - | 2.75% | - | - | |
| Non-Renewable Energy | - | - | 2.37% | - | |
| Oil Equipment & Services | - | - | - | 1.54% | |
| Oil: Crude Producers | - | - | - | 0.83% | |
| Renewable Energy | - | - | 0.38% | - | |
| Renewable Energy Equipment | - | - | - | 0.38% | |
| Health Care | 2.16% | - | - | - | |
| Health Care | - | 2.16% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 1.33% | - | |
| Pharmaceuticals | - | - | - | 1.33% | |
| Medical Equipment & Services | - | - | 0.83% | - | |
| Medical Equipment | - | - | - | 0.83% | |
| Telecommunications | 1.69% | - | - | - | |
| Telecommunications | - | 1.69% | - | - | |
| Telecommunications Service Providers | - | - | 1.69% | - | |
| Telecommunications Services | - | - | - | 1.69% | |
| Real Estate | 1.61% | - | - | - | |
| Real Estate | - | 1.61% | - | - | |
| Real Estate Investment & Services | - | - | 1.61% | - | |
| Real Estate Holding and Development | - | - | - | 1.61% | |
| Bonds | 1.03% | - | - | - | |
| Cash and Equivalents | 0.52% | - | - | - | |
| Non-Classified | 0.09% | - | - | - | |
Regional Allocation
| UK | 88.90% | |
| Middle East & Africa | 3.95% | |
| Non-Classified | 3.47% | |
| North America | 2.42% | |
| Cash and Equivalents | 0.52% | |
| Developed Europe - Excl UK | 0.47% | |
| Japan | 0.25% | |
| Australia & New Zealand | 0.03% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 98.45% | |
| Pound Sterling | 1.03% | |
| Cash | 0.52% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 88.90% | - | |
United Kingdom
|
- | 88.90% | |
| Middle East & Africa | 3.95% | - | |
Israel
|
- | 3.95% | |
| Non-Classified | 3.47% | - | |
| North America | 2.42% | - | |
United States
|
- | 2.42% | |
| Cash and Equivalents | 0.52% | - | |
| Developed Europe - Excl UK | 0.47% | - | |
France
|
- | 0.26% | |
Netherlands
|
- | 0.13% | |
Finland
|
- | 0.04% | |
Belgium
|
- | 0.04% | |
| Japan | 0.25% | - | |
Japan
|
- | 0.25% | |
| Australia & New Zealand | 0.03% | - | |
Australia
|
- | 0.03% | |
Breakdown By Market Cap (%)
| Medium |
|
26.70% |
| Small |
|
43.79% |
| Micro |
|
22.49% |
| Non-Classified |
|
5.48% |
| Bonds |
|
1.03% |
| Cash |
|
0.52% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TELECOM PLUS | 2.98% | Electricity | United Kingdom |
| 2 | ME GROUP INTERNATIONAL | 2.67% | Leisure Goods | United Kingdom |
| 3 | WATCHES OF SWITZERLAND GROUP | 2.65% | Personal Goods | United Kingdom |
| 4 | JUST GROUP | 2.43% | Life Insurance | United Kingdom |
| 5 | PARAGON BANKING GROUP | 2.36% | Finance & Credit Services | United Kingdom |
| 6 | ALFA FINANCIAL SOFTWARE HOLDINGS | 2.32% | Software & Computer Services | United Kingdom |
| 7 | WARPAINT LONDON | 2.28% | Personal Goods | United Kingdom |
| 8 | MACFARLANE GROUP | 2.16% | General Industrials | United Kingdom |
| 9 | WINDWARD LTD | 2.13% | Software & Computer Services | Israel |
| 10 | FRP ADVISORY GROUP | 2.12% | Industrial Support Services | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 8.09% | 2.13% | - | - | - | - | - | - | 10.22% |
| Telecommunications | 1.69% | - | - | - | - | - | - | - | 1.69% |
| Financials | 18.85% | 1.81% | - | - | - | - | - | - | 20.67% |
| Real Estate | 1.61% | - | - | - | - | - | - | - | 1.61% |
| Consumer Discretionary | 21.24% | - | - | - | - | - | - | - | 21.24% |
| Consumer Staples | 4.42% | - | - | - | - | - | - | - | 4.42% |
| Energy | 2.75% | - | - | - | - | - | - | - | 2.75% |
| Utilities | 4.12% | - | - | - | - | - | - | - | 4.12% |
| Health Care | 2.16% | - | - | - | - | - | - | - | 2.16% |
| Industrials | 20.37% | 2.42% | - | - | - | - | - | - | 22.79% |
| Basic Materials | 3.32% | - | - | - | - | - | - | - | 3.32% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.52% | 0.52% |
| Bonds | - | - | 0.28% | 0.74% | - | - | - | - | 1.03% |
| Non-Classified | - | - | - | - | - | - | 3.47% | - | 3.47% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only.
Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B5VQ012 |
| Mex Code | - |
| Isin Code | GB00B5VQ0123 |
| Citi Code | 0IF5 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.92% |
Aims and Benchmark
| Aims | The fund aims to achieve long-term capital growth by investing primarily in UK smaller companies. The fund will invest at least 80 per cent of its assets in the UK listed companies that form the bottom 10 per cent by market capitalisation. |
| Benchmark | FTSE Small Cap ex Investment Trust (Gross Total Return) Index |
| Benchmark Category | - |
| IA Sector | UK Smaller Companies |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £0.50 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 January | 28 February |
| 01 July | 31 August |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | J.P. Morgan Trustee and Depositary Company Limited |
| Fund Administrator | J.P. Morgan Trustee and Depositary Company Limited |
| Fund Registrar | J.P. Morgan Trustee and Depositary Company Limited |
| Fund Custodian | J.P. Morgan Trustee and Depositary Company Limited |
Group Details
| Group name | Schroder Unit Trusts Limited |
| Group address | 1 London Wall Place, London, EC2Y 5AU United Kingdom |
| Group telephone | 0800 718 777 |
| Dealing telephone | 0800 718 788 |
| investorservices@schroders.com | |
| Homepage | www.schroders.co.uk |
| Fax number | 0870 043 4080 |
Dealing
| Minimum Investment | £1000000 |
| Minimum Top Up | £500000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 2 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -4.87 |
| Beta | 0.91 |
| Sharpe | -0.02 |
| Standard Deviation | 13.20 |
| Info Ratio | -1.24 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | Yes |
| Smaller Companies | Yes |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | No |
| Higher Risk | Yes |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | Yes |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Concentrated Portfolio
The fund may invest in a relatively smaller number of stocks. This stock concentration may carry more risk than funds spread across a larger number of companies.
Smaller Companies
The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Higher Risk
This fund is specifically aimed at sophisticated investors and is particularly high risk, because it concentrates on a region that may be exposed to unusual political or economic risks. You should only invest if you are comfortable with the specific risks pertaining to the fund in question. If you are not familiar with these you should ask us for a copy of the provider's key features and brochure.
Umbrella Liabilities
If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
'Prudential' is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.