Fact sheet: Sct Mtg IT PLC

Fund information
Fund name
Scottish Mortgage Investment Trust PLC
Fund manager company
Baillie Gifford & Company
Fund type
Investment Trust
Fund managers
  • James Andersonsince 31/03/2000
  • Tom Slatersince 31/07/2009
Accolades
 Winner - Global
Fund objective
Scottish Mortgage is an actively managed, low cost investment trust, investing in a high conviction, global portfolio of companies with the aim of maximising its total return to its shareholders over the long term. The managers aim to achieve a greater return than the FTSE AllWorld Index (in sterling terms) over a five year rolling period.
Benchmark
  • FTSE All World
Investment style
Active
Investment method
Shares
Quick stats
1 Year return
43.6%
1 Year rank in sector
5/24
Sector
IT Global
Yield
0.8%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.51%
Fund size
£4,738m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
136
Mid price
351.2
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
345.17
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
+1.75
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
109
Top in this sector
Fund name1 Year
JPM Gbl Grw&Inc plc60.5%
British Empire Trust plc57.3%
Monks IT PLC55.3%
Lindsell Train IT plc54.6%
Sct Mtg IT PLC43.6%
...more in IT Global

Performance snapshot

Holdings snapshot

  • North America46.4%
    Eurozone20%
    China18.1%
    Europe6.6%
    UK3.8%
  • Consumer Services35.2%
    Technology27.6%
    Health Care13.4%
    Consumer Goods7.6%
    Financials6.5%
  • North American Equities46.4%
    Eurozone Equity 20%
    Chinese Equities18.1%
    European Equities6.6%
    UK Equities3.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.5%11.1%13.9%43.6%67%172.5%
Sector3.9%9.6%13.8%37.9%44.7%82%
Rank within sector8 / 2411 / 2411 / 245 / 244 / 242 / 24
Quartile2nd2nd2nd1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund9.6%16.5%13.3%21.4%39.8%
Sector5.5%21.1%6.8%7.4%21%
Rank within sector3 / 2415 / 245 / 243 / 241 / 24
Quartile1st3rd1st1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-0.29
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.63
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.92
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
17.22
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
11.71
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.54
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.63
Price movement
52 week high355.3
52 week low239.8
Current bid price350.6
Current offer price351
Current mid price351.2
Region
1North America46.4%
2Eurozone20%
3China18.1%
4Europe6.6%
5UK3.8%
6Money Market2.1%
7India1.8%
8Not Specified0.5%
9Asia0.4%
Industry sector
1Consumer Services35.2%
2Technology27.6%
3Health Care13.4%
4Consumer Goods7.6%
5Financials6.5%
6Industrials5.3%
7Basic Materials2.1%
8Money Market1.8%
9Fixed Interest0.5%
Asset type
1North American Equities46.4%
2Eurozone Equity 20%
3Chinese Equities18.1%
4European Equities6.6%
5UK Equities3.8%
6Money Market2.1%
7Indian Equities1.8%
8International Equities0.5%
9Asia Pacific Equities0.4%
Individual holdings
1AMAZON.COM INC10.4%
2INDUSTRIA DE DISENO TEXTIL SA6%
3TESLA INC6%
4ILLUMINA INC5.7%
5TENCENT HLDGS LIMITED5.7%
6BAIDU INC4.9%
7ALIBABA GROUP HLDG LTD4.5%
8FACEBOOK INC4.5%
9ALPHABET INC4%
Management
Fund manager group
Baillie Gifford
Fund manager company
Baillie Gifford & Company
Fund type
Investment Trust
Fund objective
Scottish Mortgage is an actively managed, low cost investment trust, investing in a high conviction, global portfolio of companies with the aim of maximising its total return to its shareholders over the long term. The managers aim to achieve a greater return than the FTSE AllWorld Index (in sterling terms) over a five year rolling period.
Benchmark
  • FTSE All World
Investment style
Active
Investment method
Shares
Fund managers
NameSinceBiography
James Anderson31/03/2000James 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 founded our Long Term Global Growth strategy. He has Chaired the EAFE Alpha Portfolio Group since its inception in 2003 and has been the Manager and then Joint Manager of Scottish Mortgage Investment Trust since 2000. In 2015 James became the Chair of our newly formed Equity Improvement Group. 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.
Tom Slater31/07/2009Tom 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.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
Scottish Mortgage Investment Trust PLC
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price345.56
CurrencyGBX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJFU
Scottish Mortgage Investment Trust PLC 6-12%STPD INT Deb Stk 2026
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price165
Offer price173
Mid price169
CurrencyGBP
Price updated23/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code01TI
Scottish Mortgage Investment Trust PLC 6.875%Deb Stk 2023
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price122
Offer price127
Mid price124.5
CurrencyGBP
Price updated23/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code01KP
Scottish Mortgage Investment Trust PLC 8%-14% Stepped Int Deb Stk 2020
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price138
Offer price152
Mid price145
CurrencyGBP
Price updated23/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI8VU
Data provided by

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