Interim Management Statement
SCHRODER UK GROWTH FUND PLC
Interim Management Statement for the Quarter Ended 31 January 2011
The Board of Schroder UK Growth Fund Plc ("the Company") announces its second Interim Management Statement for the year ending 30 April 2011, as required by the UK Listing Authority's Disclosure and Transparency Rules. This Statement is in respect of the period from 1 November 2010 to 31 January 2011.
Investment Objective
The Company's principal investment objective is to achieve capital growth predominantly from investment in UK equities, with the aim of providing a total return in excess of the FTSE All-Share Index.
Company Statistics as at 31 January 2011
|
Gross Assets |
£243.6million |
|
Net Asset Value per Ordinary Share (excluding current year undistributed income) |
141.09p |
|
Share Price |
133.00p |
|
Discount |
5.73% |
|
Number of Holdings |
36 |
|
Net Effective Gearing |
8.9% |
|
Yield |
2.1% |
% Cumulative Performance to 31 January 2011
|
Performance over |
3m |
6m |
1yr
|
3yr
|
|
Share Price (Total Return) |
7.8 |
13.5 |
28.6 |
13.5 |
|
Net Asset Value (Total Return) |
6.0 |
14.6 |
25.0 |
11.8 |
|
FTSE All-Share Total Return Index |
4.2 |
13.5 |
18.1 |
13.7 |
Source for all performance data: Fundamental Data
Portfolio Information as at 31 January 2011
Ten Largest Holdings
|
Stock Name |
Sector Classification |
Market Value (£) |
Percentage of Net Asset Value |
|
Xstrata |
Basic Materials |
10,802,679 |
4.5 |
|
Royal Dutch Shell B |
Oil & Gas |
9,901,345 |
4.2 |
|
Rio Tinto |
Basic Materials |
9,279,530 |
3.9 |
|
Misys |
Technology |
9,282,763 |
3.9 |
|
BG Group |
Oil & Gas |
9,173,986 |
3.8 |
|
Lloyds Banking Group |
Financials |
8,792,301 |
3.7 |
|
BHP Billiton |
Basic Materials |
8,388,143 |
3.5 |
|
Tate & Lyle |
Consumer Goods |
8,242,238 |
3.5 |
|
Virgin Media |
Telecommunications |
7,924,962 |
3.3 |
|
Burberry Group |
Consumer Goods |
7,750,333 |
3.2 |
Sector Allocation
|
Sector |
Percentage of Net Asset Value |
|
|
Financials |
21.9 |
|
|
Consumer Services |
17.3 |
|
|
Basic Materials |
12.0 |
|
|
Consumer Goods |
11.0 |
|
|
Technology |
10.9 |
|
|
Oil & Gas |
8.0 |
|
|
Industrials |
7.9 |
|
|
Healthcare |
5.1 |
|
|
Telecommunications |
3.3 |
|
|
Utilities |
2.6 |
|
Changes to Share Capital during the Quarter Ended 31 January 2011
None - there remained a total of 154,643,542 ordinary shares of 25p each and 30,033,445 subscription shares of 1p each in issue at 31 January 2011. For changes in share capital since the quarter-end, see below.
Conversion of Subscription Shares Subsequent to the Quarter End
On 8 February 2011, the Company issued 1,263,553 ordinary shares following the exercise of conversion rights by a number of subscription shareholders. The ordinary shares rank pari passu with the existing ordinary shares and commenced trading on 9 February 2011.
Following this issue, there are now 155,907,095 ordinary shares and 28,769,892 subscription shares in issue.
Material Events or Transactions
There have been no other material events or transactions that have taken place between 31 October 2010 and the date of publication of this Statement.
Company Information as at 31 January 2011
|
SEDOL Code |
0791348 |
|
Sector |
Equity Investment Instruments |
|
Launch Date |
25 April 1994 |
|
Financial Year End |
30 April |
|
Next Dividend Payment |
July 2011 |
|
Last Ex Dividend Date |
7 January 2011 |
Enquiries:
John Spedding
Schroder Investment Management Limited
Company Secretary
Tel: 020 7658 3206
16 March 2011
This information is provided by RNS