To continue using FE Trustnet please choose an edition:

This site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about cookies on the website and how to delete cookies, see our Privacy and Cookie Policy.

I accept the FE Trustnet cookie policy

For more information Click here




It's look like you're leaving us

What would you like us to do with the funds you've selected

Show me all my options Forget them Save them
Customise this table

Following their poor performance this year, are you going to increase your exposure to small cap funds in 2015?



You are here: Factsheet

Contact details

31 Gresham Street, London, EC2V 7QA
0800 718 788 (Dealing)
020 7658 6965 (Fax Number)
0800 718 777 (Main Number)

Fund managers

* Paul Marriage03-Jan-2006 to Present
* John Warren» 06-Sep-2010 to Present
Louise Nash» 01-Sep-2004 to 02-Jan-2006
Christopher Baird» 02-Aug-1996 to 31-Aug-2004

Investment objectives

The fund’s investment objective is 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 UK listed companies that form the bottom 10 per cent. by market capitalisation. The fund may also invest in companies which are headquartered or have significant activities in the UK which are quoted on a stock exchange outside the UK. The ACD seeks to invest in high quality smaller companies that are capable of producing shareholder value through above average growth in earnings and dividends over the medium- to long-term. The fund should benefit from holding a broadly spread portfolio of such companies which will dilute the specific risk inherent in smaller company investment. The fund will usually maintain a portfolio predominantly invested in equities. It is the intention of the ACD that transactions in derivative instruments may be entered into for efficient portfolio management purposes. Any transaction in derivatives would be undertaken on a covered basis. The borrowing powers permitted by the FCA Rules may be utilised from time to time.

Key Information

Fund vs sector

  1y 3y
Position 53 / 54 10 / 52
Quartile 4 1

Fund ratings

BronzeMstar OBSR
FE Crown Rating: 4 FE Crown Rating


  1y 3y
Volatility 8.57 9.65
Alpha -7.41 7.32
Beta 0.95 0.83
Sharpe -0.01 1.99
Info Ratio -1.81 0.73
R2 0.76 0.67
Quartiles:   1  2  3  4   help with ratios
vs. UK Smaller Companies»
performance chart
ACC -9.1+84.8+143.9+47.4+38.0+2.1+29.3
  UK SMALLER COMPANIES   -1.9+64.9+96.6+36.1+23.5-8.2+29.8
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf SCHRODER UK DYNAMIC SMALLER COMPANIES Z INC INC 309.40 (p) 22-Dec-2014 0.80 0.96% 0IF5 B5VQ012
pdf SCHRODER UK DYNAMIC SMALLER COMPANIES Z ACC 316.90 (p) 22-Dec-2014 0.80 0.96% KR20 0722036
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf SCHRODER UK DYNAMIC SMALLER COMPANIES A ACC 279.50 (p) 22-Dec-2014 0.09 1.66% KA63 3109294
pdf SCHRODER UK DYNAMIC SMALLER COMPANIES C INC INC 270.30 (p) 22-Dec-2014 0.52 1.16% KR11 0721981
pdf SCHRODER UK DYNAMIC SMALLER COMPANIES C ACC ACC 300.30 (p) 22-Dec-2014 0.52 1.16% KR22 0721936

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£640.8m / $1,000.6m (22-Dec-14)
Savings plan Fund has Savings Plan  Launch02-Aug-1996
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesn/a
Minimum initial£ 1,000
Minimum additional£ 500
Initial charge5.00%
Annual management charge1.50%
Note to chargesn/a
Trustee / DepositaryJP Morgan Trustee and Depositary Company Ltd
RegistrarJ.P. Morgan Trustee and Depositary Company Ltd
Dividend policyJan 01 (Final), Jul 01
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Equity Mixed UK Smaller Companies
Largest holdings, 31-Oct-2014
Holding (%) Rank Fund factsheet Equity factsheet
Stock Spirits Group 3.56 1 - *
Clinigen Group 3.42 2 - -
Smart Metering Systems 3.40 3 - -
Johnson Service Group 3.36 4 - *
British Polythene Industries 3.24 5 - *
Wincanton 3.07 6 - *
Vertu Motors 2.58 7 - *
Cambian Group 2.49 8 - *
Mar City 2.40 9 - *
Telford Homes 2.36 10 - *
Regional weightings, 28-Nov-2014
United Kingdom95.101 95.10% United Kingdom
Cash3.222 3.22% Cash
UAE1.683 1.68% UAE
Sector weightings, 28-Nov-2014
Industrials35.441 35.44% Industrials
Consumer Goods15.432 15.43% Consumer Goods
Consumer Services13.943 13.94% Consumer Services
Technology12.224 12.22% Technology
Health Care8.045 8.04% Health Care
Financials6.766 6.76% Financials
Basic Materials3.277 3.27% Basic Materials
Cash3.228 3.22% Cash
Oil & Gas1.689 1.68% Oil & Gas

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

Sign up for email alerts
Stay upto date on the latest fund research from FE
subscribe Readers of this page also looked at:
Readers of this have not looked at any others
Add your comment
Reload Change mode
Enter the words above:
Send comment
Hutch_Pod Sep 17th, 2014 at 08:00 AM

As this year's performance goes from bad to worse, I was somewhat relieved to read in CityAm Paul Marriage is taking action to resolve and indeed is worthy of an award.

Of course it is what I hoped but the lack of any substantive update aside from performance and holdings is very disconcerting. I contacted Schroders with my concerns but was told to speak to my broker - who have published an recent interview with Paul but the performance has worsened to new levels still.

The Artemis approach of regular fund updates from their managers is exceptional in comparison.

I will push Schroders through my broker and hope the reshuffling Paul has initiated bears fruit and bring this historically excellent fund back into the second or top quartile for the recent period. I have noticed in other UK smaller company funds held up rather well over the last few months so I remain positive overall on the sector.

oldold Dec 18th, 2014 at 03:27 PM

I suppose the answer is see cityam for the puff sheet it is. three + months later no change relative to peer group. i remember reading when CAZ was bought an HL note saying Marriage was incentivesed and they were happy. I am not

Ilmarinen Jun 09th, 2012 at 08:10 AM

Sorry, another mobile phone typo. That last one should of course read 'X 1,000,000,.

Ilmarinen Jun 09th, 2012 at 08:05 AM

I typedca reply but coildn't copy the awkward security code at the end so will now try again. I wss wondering about this too so wrote an email to Cazenove whose Client Account or was it Client Services manager Stephen Gough replied very quickly by showing me where the information is on the Cazenove website. The answer is differences in minimum entry amounts: A class shares require 25,000, B 1,000 and B 1,000,000.

Theo Jun 18th, 2011 at 05:06 PM

I think this page should say UT or OEIC at the top, right after the name of the fund and also explain somewhere what A, B and X shares are. I suppose A means retail(why nor R?) ad B means institutional(why not I?), but what on Earth is X? This really is the only industry that only thinks of themselves and does not give two hoots for their milch cows.


Back to top of page

Investment options

pdf View & print PDF Factsheet
mail Email factsheet to a friend
life Click here for Schroder UK Dynamic Smaller Companies life wrappers
pension Click here for Schroder UK Dynamic Smaller Companies pension wrappers


Latest Fundswire  

Asset allocation

UK Equities, 95.10%
95.1000% ofUK Equities
Cash, 3.22%
3.2200% ofCash
Emirian Equities, 1.68%
1.6800% ofEmirian Equities

FE Adviser Fund Index

Sector analysis


FE Trustnet portfolio

register   login
Register      Login
Use the plus sign add to portfolio on the left to add this fund to your portfolio