Schroder Schroder UK Smaller Companies Fund Z Accumulation Class Z Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/06/19 to 30/06/20 |
30/06/20 to 30/06/21 |
30/06/21 to 30/06/22 |
30/06/22 to 30/06/23 |
30/06/23 to 30/06/24 |
|
|---|---|---|---|---|---|
| Fund | -4.5% | 61.9% | -28.3% | -1.9% | 18.7% |
| Sector | -6.5% | 53.1% | -22.1% | -5.5% | 14.1% |
| Rank | 19/45 | 11/45 | 42/46 | 14/47 | 9/47 |
| Quartile | 2 | 1 | 4 | 2 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/06/24 |
5 Years to 30/06/24 |
10 Years to 30/06/24 |
||
| Fund | -5.9% | 5.2% | 7.2% | |
| Sector | -5.7% | 3.7% | 6.4% | |
| Rank | 24/46 | 12/45 | 17/40 | |
| Quartile | 3 | 1 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| WARPAINT LONDON | 4.70 |
| COHORT | 4.20 |
| ME GROUP INTERNATIONAL | 3.50 |
| APTITUDE SOFTWARE GROUP | 3.38 |
| ZOTEFOAMS | 3.18 |
| SCHRODER FUNDS ICAV - Schroder Sterling Cash Fund | 2.99 |
| GLOBALDATA | 2.92 |
| XAAR | 2.78 |
| PAYPOINT | 2.73 |
| NEXXEN INTERNATIONAL LTD | 2.67 |
| Total | 33.06 |
Fund Aims
The fund's investment objective is to achieve capital growth by investing in UK smaller companies. The policy is to invest in smaller companies in the UK which are expected to exhibit superior growth over the long term. Investment will be in directly held transferable securities. The fund may also invest in collective investment schemes, warrants and money market instruments.
Fund Manager
Iain Staples is a Fund Manager at Schroders, based in London. He joined Schroders in 2012
Iain was an Analyst at Hoare Govett, Clear Capital and Altium from 1999 to 2012
MSc in Theoretical Physics from Manchester University
MA in Mathematics from Cambridge University
Andy is Co-Head of our Pan European Small and Mid Cap Team. His investment career commenced in 1987 when he joined Schroders as a UK equity fund manager, becoming Co-Head of our UK Small Cap Team in 2002. He joined Price Waterhouse in 1985, where he qualified as a Chartered Accountant. Degree in Economics.
Fund Overview
| Mid (26/07/2024) | 159.50p |
| Historic yield | 1.65% |
| Fund size (30/06/2024) | £361.71m |
| Number of holdings | 94 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.91% |
| Launch date | 23/05/1979 |
Asset Allocation
| UK Equities | 93.34% | |
| International Equities | 2.77% | |
| Alternative Trading Strategies | 0.83% | |
| Cash and Equivalents | 0.06% | |
| Other Assets | 3.00% |
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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 | 93.34% | |
| International Equities | 2.77% | |
| Alternative Trading Strategies | 0.83% | |
| Cash and Equivalents | 0.06% | |
| Other Assets | 3.00% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 29.74% | - | - | - | |
| Industrial Goods & Services | - | 28.15% | - | - | |
| Industrial Support Services | - | - | 11.62% | - | |
| Transaction Processing Services | - | - | - | 4.91% | |
| Professional Business Support Services | - | - | - | 2.44% | |
| Business Training & Employment Agencies | - | - | - | 1.52% | |
| Industrial Suppliers | - | - | - | 1.08% | |
| Security Services | - | - | - | 0.87% | |
| Forms & Bulk Printing Services | - | - | - | 0.80% | |
| Aerospace & Defence | - | - | 6.11% | - | |
| Defense | - | - | - | 6.11% | |
| Industrial Engineering | - | - | 5.42% | - | |
| Machinery: Specialty | - | - | - | 2.78% | |
| Machinery: Industrial | - | - | - | 2.64% | |
| Electronic & Electrical Equipment | - | - | 2.69% | - | |
| Electronic Equipment: Other | - | - | - | 1.14% | |
| Electrical Components | - | - | - | 1.14% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.41% | |
| Industrial Transportation | - | - | 1.63% | - | |
| Marine Transportation | - | - | - | 1.24% | |
| Transportation Services | - | - | - | 0.39% | |
| General Industrials | - | - | 0.69% | - | |
| Plastics | - | - | - | 0.39% | |
| Diversified Industrials | - | - | - | 0.29% | |
| Construction & Materials | - | 1.59% | - | - | |
| Construction & Materials | - | - | 1.59% | - | |
| Engineering & Contracting Services | - | - | - | 1.11% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.48% | |
| Consumer Discretionary | 29.08% | - | - | - | |
| Consumer Products & Services | - | 13.53% | - | - | |
| Personal Goods | - | - | 4.70% | - | |
| Cosmetics | - | - | - | 4.70% | |
| Household Goods & Home Construction | - | - | 4.05% | - | |
| Home Construction | - | - | - | 2.42% | |
| Household Equipment & Products | - | - | - | 1.63% | |
| Leisure Goods | - | - | 3.50% | - | |
| Photography | - | - | - | 3.50% | |
| Consumer Services | - | - | 1.29% | - | |
| Education Services | - | - | - | 1.29% | |
| Media | - | 10.05% | - | - | |
| Media | - | - | 10.05% | - | |
| Publishing | - | - | - | 6.43% | |
| Media Agencies | - | - | - | 2.67% | |
| Radio & TV Broadcasters | - | - | - | 0.95% | |
| Retail | - | 4.54% | - | - | |
| Retailers | - | - | 4.54% | - | |
| Specialty Retailers | - | - | - | 2.97% | |
| Apparel Retailers | - | - | - | 1.58% | |
| Travel & Leisure | - | 0.68% | - | - | |
| Travel & Leisure | - | - | 0.68% | - | |
| Travel & Tourism | - | - | - | 0.68% | |
| Automobiles & Parts | - | 0.27% | - | - | |
| Automobiles & Parts | - | - | 0.27% | - | |
| Auto Parts | - | - | - | 0.27% | |
| Technology | 11.49% | - | - | - | |
| Technology | - | 11.49% | - | - | |
| Software & Computer Services | - | - | 10.86% | - | |
| Software | - | - | - | 7.32% | |
| Computer Services | - | - | - | 3.49% | |
| Consumer Digital Services | - | - | - | 0.05% | |
| Technology Hardware & Equipment | - | - | 0.63% | - | |
| Electronic Components | - | - | - | 0.63% | |
| Financials | 9.29% | - | - | - | |
| Financial Services | - | 8.99% | - | - | |
| Finance & Credit Services | - | - | 4.71% | - | |
| Consumer Lending | - | - | - | 4.71% | |
| Investment Banking & Brokerage Services | - | - | 4.28% | - | |
| Investment Services | - | - | - | 3.18% | |
| Asset Managers & Custodians | - | - | - | 0.66% | |
| Diversified Financial Services | - | - | - | 0.44% | |
| Banks | - | 0.30% | - | - | |
| Banks | - | - | 0.30% | - | |
| Banks | - | - | - | 0.30% | |
| Non-Classified | 6.21% | - | - | - | |
| Non-Classified | - | 2.99% | - | - | |
| Non-Classified | - | - | 2.99% | - | |
| Non-Classified | - | - | - | 2.99% | |
| Basic Materials | 5.26% | - | - | - | |
| Basic Resources | - | 4.83% | - | - | |
| Industrial Materials | - | - | 3.18% | - | |
| Diversified Materials | - | - | - | 3.18% | |
| Industrial Metals & Mining | - | - | 1.22% | - | |
| General Mining | - | - | - | 1.19% | |
| Nonferrous Metals | - | - | - | 0.04% | |
| Precious Metals & Mining | - | - | 0.43% | - | |
| Platinum & Precious Metals | - | - | - | 0.43% | |
| Chemicals | - | 0.42% | - | - | |
| Chemicals | - | - | 0.42% | - | |
| Specialty Chemicals | - | - | - | 0.42% | |
| Real Estate | 2.34% | - | - | - | |
| Real Estate | - | 2.34% | - | - | |
| Real Estate Investment Trusts | - | - | 1.44% | - | |
| Office REITs | - | - | - | 1.44% | |
| Real Estate Investment & Services | - | - | 0.90% | - | |
| Real Estate Holding and Development | - | - | - | 0.90% | |
| Health Care | 2.13% | - | - | - | |
| Health Care | - | 2.13% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 1.68% | - | |
| Pharmaceuticals | - | - | - | 1.68% | |
| Medical Equipment & Services | - | - | 0.45% | - | |
| Medical Equipment | - | - | - | 0.45% | |
| Energy | 1.99% | - | - | - | |
| Energy | - | 1.99% | - | - | |
| Non-Renewable Energy | - | - | 1.58% | - | |
| Oil: Crude Producers | - | - | - | 1.58% | |
| Renewable Energy | - | - | 0.41% | - | |
| Alternative Fuels | - | - | - | 0.41% | |
| Telecommunications | 1.32% | - | - | - | |
| Telecommunications | - | 1.32% | - | - | |
| Telecommunications Equipment | - | - | 1.32% | - | |
| Telecommunications Equipment | - | - | - | 1.32% | |
| Alternative Trading Strategies | 0.83% | - | - | - | |
| Alternative Trading Strategies | - | 0.83% | - | - | |
| Alternative Trading Strategies | - | - | 0.83% | - | |
| Alternative Trading Strategies | - | - | - | 0.83% | |
| Utilities | 0.26% | - | - | - | |
| Utilities | - | 0.26% | - | - | |
| Gas, Water & Multi-utilities | - | - | 0.26% | - | |
| Multi-Utilities | - | - | - | 0.26% | |
| Cash and Equivalents | 0.06% | - | - | - | |
Regional Allocation
| UK | 93.35% | |
| Non-Classified | 3.82% | |
| Middle East & Africa | 2.67% | |
| South & Central America | 0.11% | |
| Cash and Equivalents | 0.06% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 94.76% | |
| Cash | 5.09% | |
| Pound Sterling | 0.15% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 93.35% | - | |
United Kingdom
|
- | 93.34% | |
Jersey
|
- | 0.01% | |
| Non-Classified | 3.82% | - | |
| Middle East & Africa | 2.67% | - | |
Israel
|
- | 2.67% | |
| South & Central America | 0.11% | - | |
Virgin Islands (British)
|
- | 0.11% | |
| Cash and Equivalents | 0.06% | - | |
Breakdown By Market Cap (%)
| Medium |
|
3.34% |
| Small |
|
31.51% |
| Micro |
|
58.84% |
| Non-Classified |
|
6.25% |
| Cash |
|
0.06% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | WARPAINT LONDON | 4.70% | Personal Goods | United Kingdom |
| 2 | COHORT | 4.20% | Aerospace & Defence | United Kingdom |
| 3 | ME GROUP INTERNATIONAL | 3.50% | Leisure Goods | United Kingdom |
| 4 | APTITUDE SOFTWARE GROUP | 3.38% | Software & Computer Services | United Kingdom |
| 5 | ZOTEFOAMS | 3.18% | Industrial Materials | United Kingdom |
| 6 | SCHRODER FUNDS ICAV - Schroder Sterling Cash Fund | 2.99% | Managed Funds | Non-Classified |
| 7 | GLOBALDATA | 2.92% | Media | United Kingdom |
| 8 | XAAR | 2.78% | Industrial Engineering | United Kingdom |
| 9 | PAYPOINT | 2.73% | Industrial Support Services | United Kingdom |
| 10 | NEXXEN INTERNATIONAL LTD | 2.67% | Media | Israel |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 11.49% | - | - | - | - | - | - | - | 11.49% |
| Telecommunications | 1.32% | - | - | - | - | - | - | - | 1.32% |
| Financials | 9.29% | - | - | - | - | - | - | - | 9.29% |
| Real Estate | 2.34% | - | - | - | - | - | - | - | 2.34% |
| Consumer Discretionary | 26.41% | 2.67% | - | - | - | - | - | - | 29.08% |
| Energy | 1.99% | - | - | - | - | - | - | - | 1.99% |
| Utilities | 0.26% | - | - | - | - | - | - | - | 0.26% |
| Health Care | 2.13% | - | - | - | - | - | - | - | 2.13% |
| Industrials | 29.74% | - | - | - | - | - | - | - | 29.74% |
| Basic Materials | 5.26% | - | - | - | - | - | - | - | 5.26% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.06% | 0.06% |
| Non-Classified | 3.11% | 0.11% | - | - | - | - | 3.83% | - | 7.04% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 | B76V801 |
| Mex Code | SZSMAL |
| Isin Code | GB00B76V8019 |
| Citi Code | 0HD6 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.91% |
Aims and Benchmark
| Aims | The fund's investment objective is to achieve capital growth by investing in UK smaller companies. The policy is to invest in smaller companies in the UK which are expected to exhibit superior growth over the long term. Investment will be in directly held transferable securities. The fund may also invest in collective investment schemes, warrants and money market instruments. |
| Benchmark | FTSE UK Series Small Cap ex Investment Trusts (Gross Total Return) Index |
| Benchmark Category | - |
| IA Sector | UK Smaller Companies |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | Unit Trust |
| Launch price | £0.50 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 June | 31 July |
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 | IFDS |
| Fund Registrar | IFDS |
| 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 | £3000000 |
| Minimum Top Up | £100000 |
| 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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.