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Contact details

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

Fund managers

* Andrew Brough02-Mar-1992 to Present
* Rosemary Banyard» 02-Mar-1992 to Present

Investment objectives

The fund’s investment objective is to achieve capital growth through investment in smaller companies in the United Kingdom. The policy is to invest in smaller companies in the UK which are expected to exhibit superior growth over the long term. The fund may also invest in a wide range of investments including transferable securities, collective investment schemes, warrants and money market instruments.

Key Information

Fund vs sector

  1y 3y
Position 23 / 54 23 / 52
Quartile 2 2

Fund ratings

FE Crown Rating: 4 FE Crown Rating


  1y 3y
Volatility 6.26 8.31
Alpha 0.14 5.49
Beta 0.68 0.79
Sharpe 0.00 1.98
Info Ratio 0.03 0.45
R2 0.73 0.81
Quartiles:   1  2  3  4   help with ratios
vs. UK Smaller Companies»
performance chart
ACC -1.2+72.5+123.2+37.0+27.4-4.4+35.4
  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 INSTITUTIONAL UK SMALLER COMPANIES INST INC INC 581.80 (p) 19-Dec-2014 1.50 0.52% QA52 0787079
pdf SCHRODER INSTITUTIONAL UK SMALLER COMPANIES INST ACC ACC 924.60 (p) 19-Dec-2014 1.40 0.52% UM62 0789398

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 Unit Trust
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£256.3m / $400.2m (19-Dec-14)
Savings plan Fund has Savings Plan  Launch02-Mar-1992
Pricing times16:00 Daily Dealing frequencyDaily
Dealing timesMon-Fri 09:00 to 17:00
Minimum initial£ 100,000
Minimum additional£ 20,000
Initial charge0.00%
Annual management charge0.50%
Note to chargesn/a
Trustee / DepositaryJP Morgan Trustee and Depositary Company Ltd
RegistrarSchroder Unit Trusts Limited
Dividend policyFeb 15 (Final), Aug 15
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
Lamprell 3.63 1 - *
Avon Rubber 3.61 2 - *
Dart Group 3.51 3 - *
Colefax Group 2.97 4 - *
Ted Baker 2.87 5 - *
Photo-Me International 2.76 6 - *
Trifast 2.58 7 - *
James Fisher & Sons 2.48 8 - *
Arrow Global Group 2.47 9 - *
Dechra Pharmaceuticals 2.33 10 - *
Regional weightings, 28-Nov-2014
United Kingdom91.361 91.36% United Kingdom
Cash8.612 8.61% Cash
Israel0.423 0.42% Israel
Other countries-0.394 -0.39% Other countries
Sector weightings, 28-Nov-2014
Support Services10.051 10.05% Support Services
Software8.902 8.90% Software
Cash8.613 8.61% Cash
Household Goods8.124 8.12% Household Goods
Financial Services6.945 6.94% Financial Services
Aerospace & Defence5.036 5.03% Aerospace & Defence
Industrials5.037 5.03% Industrials
Media4.588 4.58% Media
Health Care4.259 4.25% Health Care
Construction4.2110 4.21% Construction
Property Shares4.1611 4.16% Property Shares
Travel4.1312 4.13% Travel
Leisure4.0513 4.05% Leisure
Retailers - General3.9314 3.93% Retailers - General
Oil & Gas Equipment & Services3.7515 3.75% Oil & Gas Equipment & Services
Electronic & Electrical Equipment3.2016 3.20% Electronic & Electrical Equipment
Pharmaceuticals3.0317 3.03% Pharmaceuticals
Food Producers2.1118 2.11% Food Producers
Transport1.8219 1.82% Transport
Chemicals1.3520 1.35% Chemicals
Equities1.1521 1.15% Equities
Hardware0.9522 0.95% Hardware
Mineral Extraction0.7223 0.72% Mineral Extraction
Life Insurance0.5124 0.51% Life Insurance
Oil & Gas0.1125 0.11% Oil & Gas
Alternative & Renewable Energy0.0826 0.08% Alternative & Renewable Energy
Others-0.7727 -0.77% Others

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.

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Asset allocation

UK Equities, 91.36%
91.3600% ofUK Equities
Cash, 8.61%
8.6100% ofCash
Israeli Equities, 0.42%
0.4200% ofIsraeli Equities
International Equities, -0.39%
-0.3900% ofInternational Equities

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Sector analysis


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