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About the company
Scottish Mortgage Investment Trust PLC is a United Kingdom-based investment trust. The Company’s investment objective is to maximize total return from a portfolio of long-term investments chosen on a global basis enabling the Company to provide capital and dividend growth. The Company invests in listed and private company securities and makes other investments so as to achieve its investment objective to maximize total return from a portfolio of long-term investments. It invests in various sectors, including consumer discretionary, technology, healthcare, industrials, financials, consumer staples, basic materials and energy. The Company invests in various geographical segments, including North America, Europe, Asia, South America, and Africa and Middle East. The Company’s Alternative Investment Fund Manager (AIFM) is Baillie Gifford & Co Limited.
- Revenue in GBP (TTM)2.06bn
- Net income in GBP1.96bn
- Incorporated1909
- Employees0.00
- LocationScottish Mortgage Investment Trust plcCalton Square, 1 Greenside RowEDINBURGH EH1 3APUnited KingdomGBR
- Phone+44 13 1275 2000Fax+44 13 1222 4488
- Websitehttps://www.scottishmortgage.com/
Profile
| Management group(s) | Baillie Gifford & Co Limited. |
|---|---|
| AIC sector | Global |
| ISIN | GB00BLDYK618 |
| Launch date | 17 Mar 1909 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
Investment is predominantly in equities. The number of equity holdings will typically range between 50 and 100 and the portfolio can be relatively concentrated. An unconstrained approach is adopted and there are no fixed limits set as to geographical, industry and sector exposure. The major part of the portfolio will be held in quoted equities with good liquidity. Investment may also be made in fixed interest securities, convertible securities, funds, unquoted entities and other assets based on the individual investment case. The maximum amount which may be invested in companies not listed on a public market shall not exceed 30 per cent of the total assets of the Company, measured at the time of purchase. The Company aims to achieve a greater return than the FTSE All-World Index (in sterling terms) over a five year rolling period or longer.
Managed by
| Tom Slater, Lawrence Burns |
|---|
Management & contract fees
The annual management fee is 0.30% p.a. on the first GBP 4bn of TA less current liabilities under management, and 0.25% p.a. thereafter. The Investment Management Agreement is terminable on not less than six months notice.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Intermediate Capital Group plc | 879.60m | 399.30m |
| Sofina SA | 390.61m | 360.52m |
| DWS Group GmbH & Co KgaA | 2.06bn | 481.71m |
| Pershing Square Holdings Ltd | 2.27bn | 1.73bn |
| Groep Brussel Lambert NV | 5.58bn | 43.34m |
| HAL Trust | 10.47bn | 800.41m |
| Koc Holding AS | 54.57bn | -76.84m |
| Industrivarden AB | 2.28bn | 2.25bn |
| Investment AB Latour | 1.82bn | 438.48m |
| Scottish Mortgage Investment Trust PLC | 2.06bn | 1.96bn |
| Amundi SA | 3.76bn | 1.01bn |
| Legal & General Group Plc | 44.45bn | 26.00m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| Rathbones Investment Management Ltd.as of 31 Mar 2024 | 83.36m | 6.58% |
| Hargreaves Lansdown Asset Management Ltd.as of 02 Sep 2024 | 40.72m | 3.21% |
| Evelyn Partners Investment Management LLPas of 02 Sep 2024 | 35.68m | 2.81% |
| Investec Wealth & Investment Ltd.as of 02 Sep 2024 | 26.70m | 2.11% |
| BlackRock Investment Management (UK) Ltd.as of 02 Sep 2024 | 24.98m | 1.97% |
| J. M. Finn & Co. Ltd.as of 02 Sep 2024 | 24.73m | 1.95% |
| Quilter Cheviot Ltd.as of 02 Sep 2024 | 14.49m | 1.14% |
| Legal & General Investment Management Ltd.as of 02 Sep 2024 | 12.19m | 0.96% |
| Schroder & Co Bank AG (Private Banking)as of 02 Sep 2024 | 8.21m | 0.65% |
| Vanguard Global Advisers LLCas of 02 Sep 2024 | 8.03m | 0.63% |
