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Aberforth Smaller Companies Trust plc

Contact details

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14 Melville Street, Edinburgh, EH3 7NS
0845 608 0940 (Dealing)
0131 220 0735 (Fax Number)
0131 220 0733 (Main Number)
www.aberforth.co.uk
enquiries@aberforth.co.uk

Fund managers

Alistair Whyte»10-Dec-1990 to Present
David T. M. Ross»10-Dec-1990 to Present
John Evans»10-Dec-1990 to Present
Richard Newbery»10-Dec-1990 to Present
Andrew Bamford»01-Apr-2001 to Present
Euan Macdonald»01-May-2001 to Present
David Warnock»10-Dec-1990 to 30-Nov-2008
* Primary manager


Investment objectives

To achieve a net asset value total return (with dividends reinvested) greater than on the Hoare Govett Smaller Companies Index (excluding investment trusts) over the longer term by investing in a diversified portfolio of small UK quoted companies.

Performance

performance chart
chart
    1y 3y 5y 12m-24m 24m-36m 36m-48m 48m-60m
+16.8 -16.1 +9.3 +0.3 -28.4 +13.6 +14.7
  NAV +19.3-18.9+14.5-5.6 -28.0+22.6+15.2
  UK Smaller Companies +29.5-13.9+29.8-11.3-25.1+26.9+18.9
  FTSE ALL SHARE INDEX +22.5-4.1+24.0-10.3-12.7+9.5+18.1
Share Price
 SharePriceDateDiscountDiluted NAVGearingDiv yield
EstimLast pub.NetGross
pdf ABERFORTH SMALLER COMPANIES TRUST PLC ORD 535.50 (p) 29-Jul-2010 -14.10 613.51 604.54
22-Jul-2010
112 3.6 3.6
Capital structure & income
Share Type Exchange Nominal value Issued Market value (m) Wind-up date Splits News
ABERFORTH SMALLER COMPANIES TRUST PLC ORD ORD LONDON 1 96,747,000 509.86 n/a n/a company announcements
Share identifiers: TIDM: ASL; SEDOL: 0006655; ISIN: GB0000066554
Detailed fund information
Fund type flag United Kingdom-registered Investment Trusts
Launched1990
Gross assets£663.6m / $1,036.3m
Sector UK Smaller Companies
Asset ClassEquity
Own ISA wrapper Fund has ISA Wrapper help with ISA
Savings plan Fund has no Savings Plan 
PEP transferhas PEP Transfer
Annual accountsannual (Click to order)
Last report / accounts20-Jul-2010
Last AGM03-Mar-2010
Next AGMMarch 2011
EGMn/a
Stockbroker(s)n/a
Management contractThe trust will pay a quarterly management fee, payable in advance, equal to 0.2% of the Trust's total net assets.
Borrowing limitn/a
Continuation / Wind-up provisionAn Ordinary Resolution will be proposed at the Annual General Meeting in 2008 (and, if passed, at every third subsequent Annual General Meeting) that the Company continues to manage its affairs as an investment trust.
Dividend policyn/a
Investment restrictionsn/a
Reconstruction proposaln/a
Settlement detailsn/a
Tax policyn/a
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Equity n/a UK Smaller Companies
Largest holdings, 30-Jun-2010
Holding (%) Rank Prev Holding (%) Rank Prev
JD SPORTS FASHION PLC3.601(1)BODYCOTE PLC2.206(10)
HUNTSWORTH2.802(3)SPECTRIS2.107(6)
DOMINO PRINTING SCIENCES2.703(5)JKX OIL & GAS2.008(-)
BEAZLEY GROUP2.404(4)RPS GROUP1.909(-)
RPC GROUP2.405(7)TULLETT PREBON PLC1.9010(9)
 Total24.00 
Regional weightings, 30-Jun-2010
Region (%) Rank Prev  
UK 100.00 1 (1) 100.00% UK
Total100.00 
Sector weightings, 30-Jun-2010
Sector (%) Rank Prev  
Industrials 30.00 1 (1) 30.00% Industrials
Consumer Services 25.50 2 (2) 25.50% Consumer Services
Financials 16.20 3 (3) 16.20% Financials
Technology 14.40 4 (4) 14.40% Technology
Health Care 4.20 5 (5) 4.20% Health Care
Oil & Gas 3.40 6 (7) 3.40% Oil & Gas
Consumer Goods 2.80 7 (6) 2.80% Consumer Goods
Basic Materials 2.80 8 (8) 2.80% Basic Materials
Telecommunications 0.70 9 (9) 0.70% Telecommunications
Total100.00 


All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated using closing mid prices and with net income (dividends) reinvested. NAV total return performance figures are calculated using fully diluted (where applicable) daily estimated NAV figures from Thomson Financial Datastream and with gross income (dividends) reinvested.

 
 
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Ratios

  1y 3y
Volatility 19.51 27.85
Alpha -6.30 -0.10
Beta 0.94 0.95
Sharpe 0.60 -0.03
Info Ratio -0.64 -0.04
R2 0.54 0.71
Quartiles:   1  2   3  4   help with ratios
vs. UK Smaller Companies»

Quartiles

  1y 3y
Position 14 / 19 10 / 19
Quartile 3 2

Fund ratings

FE Crown RatingFinancial Express
Crown Rating
(Quantitative)

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Asset allocation

UK Equities, 100.00%
100.0000% ofUK Equities

Sector analysis

Charting

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