Interim Management Statement

RNS Number : 4183X

Schroder UK Mid & Small Cap Fd PLC

13 August 2009

 

SCHRODER UK MID & SMALL CAP FUND PLC

Interim Management Statement for the Quarter Ended 30 June 2009

The Board of Schroder UK Mid & Small 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 2009 to 30 June 2009.

Investment Objective

The Company's principal investment objective is to achieve a total return in excess of the FTSE All-Share, ex-investment companies, ex-FTSE 100, Total Return Index.

Material Events or Transactions

There have been no material events or transactions that have taken place between 1 April 2009 and the date of publication of this Statement.  

Company Statistics as at 30 June 2009

Gross Assets	£69.3 million
Net asset value per Ordinary Share (ex income)	188.13p
Net Asset Value per Ordinary Share (cum income)	191.69p
Share Price	170.50p
Discount (ex income)	9.37%
Number of Holdings	90
Gearing	Nil
Yield	3.1%

Cumulative Performance to 30 June 2009 

	Performance Over
	3m	6m	1yr
Share Price (Total Return)	20.1%	19.5%	(3.9)%
Net Asset Value (Total Return)	14.9%	20.1%	(15.2)%
FTSE All Share ex-ITs ex-FTSE 100 Total Return Index	19.9%	20.4%	(15.8)%

Data Source: Fundamental Data

Portfolio Information as at 30 June 2009

Ten Largest Holdings 

Stock Name	Sector Classification	Market Value (£)	% of NAV
Premier Oil CSR Dechra Pharmaceuticals Fidessa Group BPP Homeserve Greggs William Hill Chloride Group Babcock International	Oil & Gas Technology Healthcare Technology Industrials Industrials Consumer Services Consumer Services Industrials Industrials	2,050,525 1,748,750 1,689,000 1,632,000 1,536,250 1,500,000 1,304,625 1,237,950 1,210,000 1,202,500	3.13 2.67 2.58 2.49 2.34 2.29 1.99 1.89 1.85 1.83

Sector Allocation 

Sector

% of NAV

Industrials	34.73
Consumer Services	16.70
Technology	12.26
Financials	11.53
Oil & Gas	7.50
Consumer Goods	4.56
Healthcare	4.23
Basic Materials	3.11
Other net assets	5.38

Changes to Share Capital During the Quarter Ended 30 June 2009

There were no changes to the Company's share capital during the quarter. There remain a total of 36,143,690 ordinary shares of 10p each in issue, each carrying one voting right.

Company Information as at 30 June 2009

SEDOL Code	0610841
Sector	Equity Investment Instruments
Launch Date	25 April 1994
Financial Year End	30 September
Next AGM Date	January 2010

Enquiries:

Louise Richard

Schroder Investment Management Limited

Company Secretary

Tel: [phone]

13 August 2009

 

END

 

 

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