Investor Update - February 2023

RNS Number : 0418R

Schroder BSC Social Impact Trust

27 February 2023

 

Schroder BSC Social Impact Trust plc

Investor Update - February 2023

The Board of Schroder BSC Social Impact Trust plc (the "Company"), which provides a unique investment opportunity to address UK social challenges, is pleased to announce the publication of its latest Investor Update.

Recent highlights:

− Fully committed, with 86% drawn into private market social impact investments which continue to perform in line with expectations. 

− Continued resilience across our High Impact Housing investments (33% of NAV) - with 100% of the rent due by December 2022 collected and no negative regulatory judgements.

− In November 2022, the Portfolio Manager, Big Society Capital, published a sector overview of UK Social and Affordable Housing including details of its fund manager assessment and risk management approach.

− Refugees Better Outcomes Partnership awarded  Social Investment Deal of the year at the 2022 Social Enterprise UK Awards .

− The Board is monitoring the trading discount in the share price and has commenced buybacks.

The latest Investor Update can be found on the Company's website using the following link:

https://mybrand.schroders.com/m/956c47be9b0d829/original/SBSI-Investor-Update-February-2023.pdf

For further information, please contact:

Schroders
Jonathon McManus Augustine Chipungu (Press)	0207 658 4667 0207 658 2016
Big Society Capital
Georgette Harrison/Emma Hickinbotham, Senior Communications Directors (job share)	[e-mail]
Winterflood Securities Limited	020 3100 0000
Neil Langford

About Schroder BSC Social Impact Trust plc

The Company was launched in December 2020, with the objective to enable access to high social impact investment opportunities in private markets - tackling social challenges across the UK. The Company aims to build a diversified portfolio across asset classes, targeting sustainable returns, demonstrable social impact, and low correlation to traditional public markets.

Further information about the Company can be found on its website at  www.schroders.com/SBSI

About Big Society Capital

Big Society Capital exists to improve the lives of people in the UK through social impact investing. We unite ideas, expertise and capital to create investment solutions for the UK's social challenges, supporting organisations that deliver both positive social impact and sustainable financial returns. So far, we have helped channel £2.75 billion* into investments tackling a wide range of problems such as homelessness, mental ill health, and childhood obesity.

To widen access to social impact investing, we have partnered with Schroders, a global asset and wealth manager, to launch the listed Schroder BSC Social Impact Trust plc. As the portfolio manager, we provide investors with high impact investments that contribute to solutions to social challenges alongside targeting long-term capital growth and income.

Further information about Big Society Capital can be found at   www.bigsocietycapital.com

*As at 30 June 2022

About Schroders plc

Schroders plc

Founded in 1804, Schroders is one of Europe's largest independent investment management firms by assets under management. As at 30 June 2022, assets under management were £773.4 billion (€898.4 billion; $939.2 billion). The founding family remain a core shareholder, holding approximately 48% of the firm's voting shares. Schroders has continued to deliver strong financial results. It has a market capitalisation of circa £7.7 billion and employs over 5,800 people across 38 locations.

Schroders has benefited from the most diverse business model of any UK asset manager by geography, by asset class and by client type. Schroders offers innovative products and solutions across their five business areas of solutions; institutional; mutual funds; private assets & alternatives; and wealth management. Clients include insurance companies, pension schemes, sovereign wealth funds, endowments and foundations. They also manage assets for end clients as part of their relationships with distributors, financial advisers and online platforms. Schroders' Wealth Management offering reflects their strategic ambition to provide wealth management and financial planning services to clients across the wealth spectrum.

Schroders' strategic aims are to grow their asset management business, build closer relationships with end clients and expand their private assets and alternatives business. Schroders' purpose is to provide excellent investment performance to clients through active management. The business channels capital into sustainable and durable businesses to accelerate positive change in the world. Schroders' business philosophy is based on the belief that if they deliver for clients, they deliver for Shareholders and other stakeholders.

Issued by Schroder Investment Management Limited. Registration No 1893220 England. Authorised and regulated by the Financial Conduct Authority. For regular updates by e-mail please register online at  www.schroders.com  for our alerting service.

 

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