Contact details

31 Gresham Street, London, EC2V 7QA
0800 718 777 (Main Number)
www.internationalbiotrust.com.

To achieve capital growth by investing in the shares of UK companies. The portfolio is biased towards high quality companies which are expected to grow their profits more than the average for the market in the long term. By 'high quality' we mean companies with credible management, a sound and transparent business strategy, and a strong product or service. While the portfolio is reasonably balanced between different sectors of the market, it is managed fairly aggressively in that the fund manager concentrates on around 30-40 companies, allowing him to back his preferred companies more heavily.

Key Information

Fund vs sector
	1y	3y
Position	6 / 16	7 / 16
Quartile	2	2

Fund ratings

FE
Crown Rating
(Quantitative)

Ratios
	1y	3y
Volatility	13.92	16.22
Alpha	3.05	1.44
Beta	0.97	1.09
Sharpe	1.74	0.59
InfoRatio	0.22	0.23
R2	0.56	0.71
Quartiles:   1  2   3  4   vs. UK Growth»

FE Risk Scores
Instrument	1y(%) Growth	FE Risk Score
Schroder UK Growth plc	48.6	117
UK Growth	36.6	68
Cash	n/a	0
Compare this fund to its peers using FE Risk Scores>>
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Select time period 1 month 3 months 6 months 1 year 3 years 5 years

		1y	3y	5y	12m-24m	24m-36m	36m-48m	48m-60m
	SCHRODER UK GROWTH PLC	+48.6	+60.8	+41.0	-10.3	+20.6	+38.8	-36.8
	NAV	+48.6	+62.9	+40.7	-9.8	+21.6	+39.3	-38.0
	UK Growth	+36.6	+45.8	+40.1	-10.6	+19.4	+28.3	-25.1

Share Price

	Share	Type	Price	Date	Prem/Disc	Diluted NAV		Gearing	Div yield
						Estim	Last pub.		Net	Gross
	SCHRODER UK GROWTH PLC	UNIT	168.25 (p)	17-May-2013	-6.83	180.59	178.79 16-May-2013	109	2.23	2.23

Capital structure & income

Share	Type	Exchange	Nominal value	Issued	Market value (m)	Wind-up date	Splits	News
SCHRODER UK GROWTH PLC	UNIT	LONDON	25	160,917,000	270.74	n/a	n/a
Share identifiers: TIDM: SDU; SEDOL: 0791348; ISIN: GB0007913485

Detailed fund information

Fund type	United Kingdom-registered Investment Trusts
Launched	1994
Gross assets	£315.6m / $479.7m
Sector	UK Growth
Asset Class	Equity
Own ISA wrapper
Savings plan
Annual accounts	(Click to order)
Last report / accounts	29-Jun-2012
Last AGM	31-Jul-2012
Next AGM	August 2012
EGM	17-Nov-2006
Stockbroker(s)	Winterflood Investment Trusts
Management contract	The Manager is entitled to an annual fee equal to 0.4% of the Company's net assets. Investments in Schroder funds are subject to a rebate to ensure that the Investment Manager receives only 0.4% on such investments. The agreement is terminable on no less than 3 months notice by either party. The Manager also receives a performance fee, capped at GBP500,000, provided that the NAV total return outperforms the FTSE All-Share index by at least 0.50% per annum. Performance fee equating to 10% of the amount of the out-performance will be calculated annually but averaged and accumulated over a rolling three-year period. A secretarial fee of approximately GBP60,000 (plus VAT and an RPI-based inflationary adjustment) is also payable.
Borrowing limit	n/a
Continuation / Wind-up provision	The Company has unlimited life. Directors will put forward continuation proposals at appropriate intervals; the next such vote will be held in August 2014. The Directors are authorised to repurchase up to 14.99% of the Funds own issued Ords. The Directors also renewed and expanded its authorities to hold repurchased shares in treasury for subsequent reissue at the last AGM. The Board operates a formal discount management policy under review to maintain the discount to the net asset value at which its shares are quoted on the London Stock Exchange at no greater than 5% over the long-term.
Dividend policy	n/a
Investment restrictions	n/a
Reconstruction proposal	n/a
Settlement details	n/a
Tax policy	n/a

Regional weightings, 28-Mar-2013

Region	(%)	Rank	Prev
UK	105.80	1	(1)
Money Market	-5.80	2	(2)
Total	100.00

Sector weightings, 28-Mar-2013

Sector	(%)	Rank	Prev
Financials	23.80	1	(2)
Consumer Services	23.00	2	(1)
Consumer Goods	12.60	3	(3)
Industrials	12.00	4	(4)
Basic Materials	8.50	5	(5)
Oil & Gas	8.10	6	(6)
Health Care	7.70	7	(7)
Utilities	6.10	8	(8)
Technology	4.00	9	(10)
Money Market	-5.80	10	(11)
Total	100.00

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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