BlackRock Smaller Companies Trust plc

About this investment trust

Growth
UK
Shares

The Company aims to achieve long-term capital growth for shareholders through investment mainly in smaller UK quoted companies.

Why choose it?

Investing in smaller companies provides investors with access to some of the fastest growing, most innovative and exciting companies. Chosen well, they can be a strong contributor to overall portfolio returns. Income is not guaranteed and the amount can vary depending on the value of the underlying investments. Diversification and asset allocation may not fully protect you from market risk.

Suited to…

Investors looking for capital growth who want exposure to a diversified range of shares in UK smaller companies.

Morning Star Gold Logo Investment company of the year Award Kepler Growth Basic Rated logo Moneywise Investment Trust award 2018

Morningstar Rating: Since January 2012.
ICYA Award: As at 21 November 2018.
Kepler Rating: As at 30 January 2019.
Money Observer Award: As at 8 February 2019.
Moneywise Award: As at 30 March 2019.
Awards/Ratings have not been superseded to date.

Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

What are the risks?

  • Capital is at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.
  • Net Asset Value (NAV) performance is not the same as share price performance, and shareholders may realise returns that are lower or higher than NAV performance.
  • The Trust’s investments may have low liquidity which often causes the value of these investments to be less predictable. In extreme cases, the Trust may not be able to realise the investment at the latest market price or at a price considered fair.
  • Investment strategies, such as borrowing, used by the Trust can result in even larger losses suffered when the value of the underlying investments fall.
  • Smaller company investments are often associated with greater investment risk than those of larger company shares.

Useful documents

To find out the latest information on the BlackRock Smaller Companies Trust click on the links below.

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Performance & holdings snapshot

Price Chart:
The BlackRock Smaller Companies Trust plc. Ordinary share price and cum fair Net Asset Value (NAV). Pence Sterling. Source Morningstar, updated daily for period selected. Time period can either be selected from options available, or on chart below (line is for illustration purposes only and does not reflect actual value). Price chart does not include ongoing charges, transaction fees or other expenses.

Net Asset Value (NAV) performance statistics are based on an NAV with income included with any income reinvested on the ex-dividend date, net of ongoing charges and any applicable performance fee.

Share price performance figures are calculated on a mid market basis in sterling terms with income reinvested on the ex-dividend date.

Net Asset Value (NAV) performance is not the same as share price performance, and shareholders may realise returns that are lower or higher than NAV performance.

Price/Trading Table:
The BlackRock Smaller Companies Trust plc. Pound Sterling, Source Morningstar, updated every second day, excluding non-trading days.

Annual Performance:
The BlackRock Smaller Companies Trust plc, benchmark (Numis Smaller Companies Plus AIM Ex. Investment Companies Index) and Morningstar Investment Trust UK Smaller Companies. Pound Sterling. Source: Morningstar, as at last quarter end.

Last Reported Holdings
The BlackRock Smaller Companies Trust plc. Source Morningstar, as at month end. The specific companies identified and described above do not represent all of the companies purchased or sold, and no assumptions should be made that the companies identified and discussed were or will be profitable. Allocations are as of the date shown and do not necessarily represent current or future portfolio holdings.

Capital is at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. The figures shown relate to past performance. Past Performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

Fund Manager Commentary

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Portfolio manager biography

Roland Arnold is manager of BlackRock Smaller Companies Trust plc and a member of the UK Equity Team. Mr Arnold has been co-manager of the BlackRock UK Special Situations Fund since August 2012, and manager of Small & Mid Cap UK Equity Portfolios since 2006. Roland’s service with the firm dates back to 2000, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006.

Useful Information

  1. Board of Directors
  2. Fees & charges
    Annual Expenses as at Date
    28/02/2019
    Ongoing Charge (including any Performance Fee)
    0.7%

    Management Fee Summary
    BlackRock receives an annual fee which is calculated based on 0.60% in respect of the first GBP 750m of the Company's total assets less current liabilities, reducing to 0.50% thereafter. There are no performance fee arrangements in place.
  3. Fund codes
  4. Fund management
  5. Key dates
  6. Key documents

To get in touch contact us on:

Telephone:
0207 743 3000