Interim Management Statement

RNS Number : 3902L

Schroder UK Mid Cap Fund PLC

09 August 2013

 

SCHRODER UK MID CAP FUND PLC

Interim Management Statement for the Quarter ended 30 June 2013

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 2013 to 30 June 2013.

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 Companies) Index.

Material Events or Transactions

Interim Dividend for the Year ending 30 September 2013

An interim dividend of 2.25p per share for the year ending 30 September 2013 was paid on 31 July 2013 to shareholders on the Register on 7 June 2013.

No other material events or transactions have taken place in respect of the Company between 1 April 2013 and the date of publication of this Statement.

Company Statistics as at 30 June 2013

Net Assets	£147.2m
Net Asset Value per Ordinary Share	407.11p
Share Price	349.00p
Discount	14.3%
Number of Portfolio Holdings	65
Net Cash	0.9%
Yield	2.0%

Performance during Periods ended 30 June 2013

Total Returns over:	3 months	6 months	1 year
Share Price	0.2%	20.4%	51.5%
Net Asset Value	0.2%	16.7%	40.5%
FTSE 250 (ex Investment Companies) Index	0.5%	14.1%	32.2%

Source for all performance data: Morningstar.

Portfolio Information as at 30 June 2013

Ten Largest Holdings         

Stock Name	Sector Classification	Market Value (£)	% of NAV
Ashtead	Industrials	6,127,500	4.2
Daily Mail & General Trust	Consumer Services	4,215,750	2.9
Berkeley	Consumer Goods	3,942,350	2.7
CSR	Technology	3,493,750	2.4
Dignity	Consumer Services	3,261,600	2.2
Invensys	Technology	3,218,280	2.2
SIG	Industrials	3,214,800	2.2
IG Group	Financials	3,184,500	2.2
Inchcape	Consumer Services	3,153,150	2.1
Telecom Plus	Telecommunications	3,117,500	2.1

Sector Allocation	% of NAV
Industrials	35.9
Consumer Services	15.7
Technology	11.1
Financials	10.9
Consumer Goods	9.1
Oil & Gas	6.4
Basic Materials	5.3
Telecommunications	3.8
Health Care	2.1
Net Current Liabilities	(0.3)

Changes to Share Capital during the Quarter ended 30 June 2013

There were no changes to the Company's share capital during the quarter.

As at the date of this Statement, 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 2013

SEDOL Code	0610841
Sector	Equity Investment Instruments
Launch Date	April 1983
Financial Year End	30 September

Enquiries:

Louise Richard

Schroder Investment Management Limited

Company Secretary

Tel: [phone]

9 August 2013

 

END

 

 

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