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Contact details

ManagerGroupLogo
Saltire Court, 20 Castle Terrace, Edinburgh, EH1 2ES
44 (0) 131 228 5959 (Fax Number)
44 (0) 131 229 5252 (Main Number)

enquiries@martincurrie.com

Fund managers

* Alan Porter»01-Aug-2011 to Present
Ross Watson»28-Jun-2005 to 31-Jul-2011
Tom Maxwell»28-Jun-2005 to 30-Jun-2006


Investment objectives

To achieve rising income and long-term capital growth by investment in global equities.

Key Information

Fund vs sector

  1y 3y
Position 7 / 10 6 / 10
Quartile 3 3

Fund ratings

FE Crown Rating: 3 FE
Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 11.66 12.72
Alpha -5.24 -0.57
Beta 1.58 1.07
Sharpe 0.00 0.79
InfoRatio -0.57 -0.01
R2 0.81 0.62
Quartiles:   1  2   3  4   help with ratios
vs. Global Equity Income»

Performance

performance chart
chart
    1y 3y 5y 12m-24m 24m-36m 36m-48m 48m-60m
-4.5 +33.3 +83.7 +22.7 +13.8 +17.4 +17.4
  NAV +0.1+37.6+70.9+24.7 +10.3+5.7+17.5
  Global Equity Income -3.2+37.2+63.0+26.4+12.1+0.8+17.8
Share Price
 ShareTypePriceDatePrem/DiscDiluted NAVGearingDiv yield
EstimLast pub.NetGross
pdf SECURITIES TRUST OF SCOTLAND UNIT 139.00 (p) 24-Oct-2014 +.15 139.78 140.02
22-Oct-2014
110 2.63 2.63
Capital structure & income
Share Type Exchange Nominal value Issued Market value (m) Wind-up date Splits News
SECURITIES TRUST OF SCOTLAND UNIT LONDON 1 122,299,000 171.22 n/a n/a company announcements
Share identifiers: TIDM: STS; SEDOL: B09G3N2; ISIN: GB00B09G3N23
Detailed fund information
Fund type flag United Kingdom-registered Investment Trusts
Launched2005
Gross assets£188.0m / $302.3m
Sector Global Equity Income
Asset ClassEquity
Own ISA wrapper Fund has ISA Wrapper help with ISA
Savings plan Fund has no Savings Plan 
Annual accountsannual (Click to order)
Last report / accounts06-Jun-2014
Last AGM24-Jul-2014
Next AGM01-Aug-2014
EGM27-Jun-2005
Stockbroker(s)JPMorgan Cazenove
Management contractMartin Currie has been appointed as the manager and secretary of the company under investment management and secretarial agreement which is subject to six months notice of termination by either party. During the year ended 31 March 2013 the basic annual management fee of the trust was 0.6% of net assets per annum, payable quarterly.
Borrowing limitThe maximum permitted level is 15% throughout the year.
Continuation / Wind-up provisionn/a
Dividend policyn/a
Investment restrictionsn/a
Reconstruction proposaln/a
Settlement detailsn/a
Tax policyn/a
Peer groups
Region Asset Class Investment Focus Sector
Global Equity n/a Global Equity Income
Largest holdings, 30-Sep-2014
Holding (%) Rank Holding (%) Rank
ROCHE HLDG AG7.071SANOFI3.896
CHEVRON CORP5.272BRITISH AMERICAN TOBACCO3.827
TOTAL SA4.613ABBVIE INC3.798
PHILIP MORRIS INTERNATIONAL INC4.254PFIZER INC3.669
ROYAL DUTCH SHELL3.955VERIZON COMMUNICATIONS INC3.6010
 Total43.91 
Regional weightings, 30-Sep-2014
Region (%) Rank  
United States 39.17 1 39.17% United States
United Kingdom 23.78 2 23.78% United Kingdom
France 13.32 3 13.32% France
Switzerland 7.07 4 7.07% Switzerland
Germany 6.90 5 6.90% Germany
Australia 3.53 6 3.53% Australia
Japan 3.01 7 3.01% Japan
Sweden 2.95 8 2.95% Sweden
Canada 2.61 9 2.61% Canada
Mexico 1.84 10 1.84% Mexico
Singapore 1.56 11 1.56% Singapore
Thailand 1.12 12 1.12% Thailand
Hong Kong 0.92 13 0.92% Hong Kong
Cash -7.79 14 -7.79% Cash
Total99.99 
Sector weightings, 30-Sep-2014
Sector (%) Rank  
Pharmaceuticals & Biotechnology 18.42 1 18.42% Pharmaceuticals & Biotechnology
Oil & Gas Producers 13.83 2 13.83% Oil & Gas Producers
Tobacco 8.07 3 8.07% Tobacco
Banks 7.16 4 7.16% Banks
Media 5.99 5 5.99% Media
Nonlife Insurance 5.51 6 5.51% Nonlife Insurance
Support Services 4.32 7 4.32% Support Services
Travel & Leisure 4.18 8 4.18% Travel & Leisure
Fixed Line Telecommunications 3.60 9 3.60% Fixed Line Telecommunications
Food & Drug Retailers 3.52 10 3.52% Food & Drug Retailers
Mobile Telecommunications 2.96 11 2.96% Mobile Telecommunications
Food Producers 2.95 12 2.95% Food Producers
Mining 2.94 13 2.94% Mining
Household Goods & Home Construction 2.89 14 2.89% Household Goods & Home Construction
Oil Equipment Services & Distribution 2.81 15 2.81% Oil Equipment Services & Distribution
Electricity 2.59 16 2.59% Electricity
Gas Water & Multiutilities 2.36 17 2.36% Gas Water & Multiutilities
Chemicals 1.92 18 1.92% Chemicals
Personal Goods 1.92 19 1.92% Personal Goods
Real Estate Investment Trusts 1.84 20 1.84% Real Estate Investment Trusts
Aerospace & Defense 1.57 21 1.57% Aerospace & Defense
Industrial Transportation 1.54 22 1.54% Industrial Transportation
Automobiles & Parts 1.48 23 1.48% Automobiles & Parts
Life Insurance 1.24 24 1.24% Life Insurance
Technology Hardware & Equipment 1.12 25 1.12% Technology Hardware & Equipment
Electronic & Electrical Equipment 1.03 26 1.03% Electronic & Electrical Equipment
Cash -7.79 27 -7.79% Cash
Total99.97 


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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Tom O Oct 21st, 2013 at 09:56 AM

This is a trust to watch. It could be great long-term.

Reply
jaffa Oct 12th, 2013 at 01:16 AM

Are any other shareholders concerned at the volume of new issues diluting our existing shareholdings?

Reply
pop64 Aug 04th, 2012 at 01:37 PM

Thanks to the board’s decision some 18 months ago to broaden the investment focus from a UK to a Global Growth & Income IT, long suffering STS shareholders have finally had some reward. Being that STS currently finds itself in the number one stop at the top of the Global Growth & Income IT sector on a one and three year total return view having over-hauled long time leader Murray International.

Reply
 

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Asset allocation

United States Equity, 39.17%
39.1700% ofUnited States Equity
United Kingdom Equity, 23.78%
23.7800% ofUnited Kingdom Equity
France Equity, 13.32%
13.3200% ofFrance Equity
Switzerland Equity, 7.07%
7.0700% ofSwitzerland Equity
Germany Equity, 6.90%
6.9000% ofGermany Equity
Australia Equity, 3.53%
3.5300% ofAustralia Equity
Japan Equity, 3.01%
3.0100% ofJapan Equity
Sweden Equity, 2.95%
2.9500% ofSweden Equity
Canada Equity, 2.61%
2.6100% ofCanada Equity
Mexico Equity, 1.84%
1.8400% ofMexico Equity
Singapore Equity, 1.56%
1.5600% ofSingapore Equity
Thailand Equity, 1.12%
1.1200% ofThailand Equity
Hong Kong Equity, 0.92%
0.9200% ofHong Kong Equity
Cash CASH AND LIQUIDS, -7.79%
-7.7900% ofCash CASH AND LIQUIDS

Sector analysis

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