Interim Management Statement

RNS Number : 5937K

Schroder UK Mid Cap Fund PLC

22 August 2012

 



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 (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

Net assets	£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.

Portfolio Information as at 30 June 2012

Ten Largest Holdings         

Stock Name	Section Classification	Market Value (£)	% of NAV
Elementis	Basic Materials	3,145,617	2.93
Ashtead	Industrials	2,856,700	2.66
Dechart Pharmaceuticals	Healthcare	2,607,419	2.43
Diploma	Industrials	2,561,625	2.39
William Hill	Consumer Services	2,474,500	2.31
Senior	Industrials	2,438,800	2.27
Travis Perkins	Industrials	2,426,250	2.26
Berkeley	Consumer Goods	2,395,300	2.23
Talk Talk Telecom	Telecommunications	2,381,250	2.22
Premier Oil	Oil and Gas	2,298,400	2.14

Sector Allocation	% of NAV
Industrials	42.80
Consumer services	15.97
Technology	9.78
Financials	9.41
Consumer Goods	8.20
Basic Materials	6.43
Oil & Gas	5.91
Health Care	2.43
Telecommunications	2.22
Utilities	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: [phone]

22 August 2012

 

END

 

 

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