SCHRODER UK MID CAP FUND PLC
Interim Management Statement for the Quarter Ended 30 June 2012
The Board of Schroder UK Mid Cap Fund Plc ("the Company") is pleased to announce its Interim Management Statement as required by the UK Listing Authority's Disclosure and Transparency Rules. This Statement is in respect of the period from 1 April 2012 to 30 June 2012.
Investment Objective
The Company's investment objective is to invest in mid cap equities, with the aim of providing a total return in excess of the FTSE 250 (FTSE: ^FTMC - news) (ex Investment Trusts) Index.
Material Events or Transactions
No material events or transactions have taken place in respect of the Company between 1 April 2012 and the date of publication of this Statement.
Company Statistics as at 30 June 2012
|
£117.2m |
|
|
Net asset value per Ordinary share |
296.67p |
|
Share price |
237.00p |
|
Discount |
20.11% |
|
Number of portfolio holdings |
73 |
|
Net gearing |
5.5% |
|
Yield |
2.6% |
Cumulative Performance to 30 June 2012
|
|
|
||
|
Performance over |
3 months % |
6 months % |
1 year %
|
|
Share price (total return) |
(10.2) |
8.3 |
(9.6) |
|
Net asset value (total return) |
(4.7) |
9.0 |
(6.1) |
|
FTSE 250 (ex Investment Trusts) Index |
(4.2) |
11.0 |
(5.2) |
Source: Morningstar (NasdaqGS: MORN - news) .
Portfolio Information as at 30 June 2012
Ten Largest Holdings
|
Stock Name |
Section Classification |
Market Value (£) |
% of NAV |
|
|
|
|
|
|
Basic Materials (Madrid: ESI500200000.MA - news) |
3,145,617 |
2.93 |
|
|
Ashtead |
Industrials |
2,856,700 |
2.66 |
|
Dechart Pharmaceuticals |
Healthcare |
2,607,419 |
2.43 |
|
Industrials |
2,561,625 |
2.39 |
|
|
Consumer Services |
2,474,500 |
2.31 |
|
|
Industrials |
2,438,800 |
2.27 |
|
|
Industrials |
2,426,250 |
2.26 |
|
|
Berkeley |
Consumer Goods |
2,395,300 |
2.23 |
|
Telecommunications |
2,381,250 |
2.22 |
|
|
Oil and Gas |
2,298,400 |
2.14 |
|
Sector Allocation |
% of NAV |
|
|
|
|
Industrials |
42.80 |
|
Consumer services |
15.97 |
|
Technology |
9.78 |
|
9.41 |
|
|
Consumer Goods |
8.20 |
|
Basic Materials |
6.43 |
|
Oil ∓ Gas |
5.91 |
|
Health Care |
2.43 |
|
Telecommunications |
2.22 |
|
Utilities (Santiago: UTILITIES.SN - news) |
1.21 |
Changes to Share Capital during the Quarter ended 30 June 2012
There were no changes to the Company's share capital during the quarter. There remain a total of 36,143,690 ordinary shares of 25p each in issue, each carrying one voting right. No shares are held in Treasury.
Company Information as at 30 June 2012
|
SEDOL Code |
0610841 |
|
Sector |
Equity Investment Instruments |
|
Launch Date |
April 1983 |
|
Financial Year-End |
30 September |
|
Expected Next Dividend Payment Date |
February 2013 |
Enquiries:
Jonathan McGuire
Schroder Investment Management Limited
Company Secretary
Tel: 020 7658 3496
22 August 2012
