Q2 2023 Quarterly Net Asset Value – 30 June 2023

Schroder BSC Social Impact Trust

27 September 2023

 

Schroder BSC Social Impact Trust plc

Q2 2023 Quarterly Net Asset Value - 30 June 2023

The Board of Schroder BSC Social Impact Trust plc (the "Company"), which provides a unique investment opportunity to help address UK social challenges, today announces its unaudited net asset value ("NAV") as of 30 June 2023.

Key Highlights

·    NAV of £88.8m or 104.90p per share as of 30 June 2023, an increase of 0.4% relative to the NAV per share as of 31 March 2023 (104.49p).

·    As of 30 June 2023, 96% of the Company's capital was committed to High Impact Investments, and 88% was deployed. During the quarter:

o  £1.3m of capital was drawn, mainly into High Impact Housing investments via Man Community Housing Fund and Social and Sustainable Housing (SASH).

o  £0.4m of capital was repaid, mainly via distributions from the Social Outcomes Contracts portfolio.

·    The portfolio continues to deliver strong positive impact for vulnerable and disadvantaged people in the UK.

o  The second annual Impact Report was published on 29 June 2023, showing that since launch, the Company's investments have reached 276,000 people, 94% of whom from a disadvantaged, vulnerable or underserved background; generated £98m in social outcomes and savings; and funded 27,000 affordable, decent homes.

·    The Company will publish its full Annual Report and Accounts for the year ended 30 June on 27 October 2023:

o  A breakdown of portfolio performance drivers, as well as Company fees and expenses will be provided in the Annual Report and Accounts, alongside audited numbers.

For further information, please contact:

Schroders
Augustine Chipungu (Press) Kerry Higgins (Schroder Investment Management Limited, Company Secretary)	020 7658 2016 020 7658 6189
Big Society Capital
Emma Hickinbotham, Managing Director, Communications	[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 is the UK's leading social impact investor. Our mission is to grow the amount of money invested in tackling social issues and inequalities in the UK. We do this by investing our own capital and helping others invest for impact too.

Since 2012, we have helped build a market that has directed over £9 billion into social purpose organisations tackling issues from homelessness and mental health, to childhood obesity and fuel poverty, a more than ten-fold increase.

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

About Schroders plc

Schroders plc

The history of Schroders began in 1804 when JH Schroder became a partner in J.F. Schröder & Co, a London-based firm founded by his brother JF Schroder. It has evolved since then into the company today known as Schroders plc. Throughout that time, the Schroder family have maintained a significant interest in the business, which the Company believes has been a significant benefit to it. Today, the interests of some members of the Schroder family (being certain descendants of the late Helmut Schroder and, in some cases, their spouse or former spouse) are spread across a number of parties, who are collectively known as the Principal Shareholder Group. The Principal Shareholder Group is comprised of a number of private trustee companies (and investment companies controlled by those trustee companies), a number of Schroder family individuals, and a Schroder family charity which, directly or indirectly, are Shareholders in the Company. The current aggregate Principal Shareholder Group holding the Schroders plc shares is 44.11%.

Schroders is global investment manager offering a distinctive set of advice and investment capabilities. Their business is organised across two segments - asset and wealth management - with four distinct business offerings. In Asset Management their Schroders Investment Management business offers active management across a full range of asset classes through mutual funds and institutional mandates. This is now supplemented by a complete private assets business, Schroders Capital, whilst Schroders Solutions brings their public and private asset management capabilities together to offer complete investment solutions to institutional clients. Schroders Wealth Management offers advice across the wealth spectrum through their various brands.

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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