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Schroder UK Dynamic Smaller Companies Class Z - Accumulation (GBP)

Sell: 326.20pBuy: 326.20p0.40p (0.12%)

Prices as at 12 September 2014

* Please note that there can be occasions when the Selling price shown may be temporarily higher than the Buying price. This can sometimes happen when the stock market is closed but it can also happen at other times for a variety of reasons. However, when the stock market is open and you place a trade, the selling price available to you will never be higher than the buying price. Live prices will be available when you place a deal with us during market hours. Please check these and contact us if you are unable to deal online.
Also available as income units Help

Charges and Savings

Fund manager's initial charge: 0.00%
HL saving on initial charge: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Fund manager's annual charge: 0.75%
HL saving on annual charge (loyalty bonus): 0.00%
Net annual charge: 0.75%
Fund manager's other expenses: 0.17%
Performance fee: No  

Please read the Simplified Prospectus/Key Investor Information Document (KIID) in addition to the information above. Further details available in the HL guide to fund prices, savings and yields. Loyalty bonus is paid tax-free in an ISA or SIPP but may be subject to tax in a Fund & Share Account.

HRMC believes that from April 2013 rebates of annual charges (such as loyalty bonuses) paid on funds held outside ISAs or SIPPs should be paid net of basic rate tax. We believe this is incorrect and are challenging HMRC's interpretation. However, in line with best client accounting practice and to save clients facing an unexpected bill in the future, we are currently paying loyalty bonuses within the Vantage Fund & Share Account net of an amount equivalent to the basic rate tax. If we are successful in our challenge we will return this money to clients. If we are unsuccessful we will use the money to pay over any amounts due to HMRC. Loyalty bonuses in the Vantage Fund & Share Accounts held by overseas investors, companies and charities will be paid without any deductions, as will loyalty bonuses in the Vantage ISA and Vantage SIPP which are exempt from tax.

Other Information

Unit type: Unbundled
Manager: Multiple
Fund launch date: 2 August 1996
Sector: UK Smaller Companies
Fund size: £896 million
Number of holdings: 74
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: JP Morgan
Minimum investment: £100.00
Charges deducted from: Income
Available in a regular savings plan: No
Minimum regular savings value: n/a


14/09/09 to 14/09/10 14/09/10 to 14/09/11 14/09/11 to 14/09/12 14/09/12 to 14/09/13 14/09/13 to 14/09/14
Annual return 16.69% 32.61% 17.97% 47.98% 3.07%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

A UK Smaller Companies fund run by a manager with a solid, disciplined approach and a history of outperforming. We have long been supporters of the UK smaller company space and the sector contains many high calibre individuals. The manager remains incentivised to perform and we believe he is capable of driving long-term growth.

To avoid compromising the investment approach and performance, Schroders are no longer accepting new investments into the fund, hence its removal from the Wealth 150. We view the fund's closure as a positive move for existing investors. Given the fund's focus on smaller companies, we feel it is important to keep the fund smaller and more nimble in order for the manager to continue to take meaningful positions within the companies in which he invests.

Following Schroders' acquisition of Cazenove Capital, this fund was renamed from the Cazenove UK Smaller Companies Fund in March...

Read more HL research on this fund

Fund Objective

The fund aims to achieve long-term capital growth by investing primarily in UK smaller companies. The fund will invest at least 80 per cent of its assets in the UK listed companies that form the bottom 10 per cent by market capitalisation.

Income Details

Historic yield : 0.76%
Income paid: Bi-annually
Type of payment: Dividend
Ex-dividend date: 1 January 2015 1 July 2015
Payment date: 28 February 20154 31 August 20154

All yields are variable and not guaranteed. Information correct as at 31 August 2014.

Sector Weight
Support Services 18.82%
General Retailers 10.56%
Electronic & Electrical Equipment 7.72%
Household Goods & Home Construction 7.66%
Software & Computer Services 7.18%
Media 4.84%
Technology Hardware & Equipment 4.49%
Beverages 4.19%
Financial Services 3.91%
Industrial Transportation 3.81%
Country Weight
United Kingdom 96.61%
Direct Property and REITs 1.48%
Canada 1.27%
Ireland 1.11%
Non-Classified 0.00%
Cash and Equiv. -0.48%

Fund Manager

1 of 2
Photo of John Warren

Key facts

John Warren
Manager start date 03/01/2006
Manager located in London


John Warren is a member of the pan-European equity team. He has over 12 years? investment experience, having previously been at UBS and Investec Bank. John graduated from Loughborough University with a degree in Economics and Accountancy. He holds the ACA and SFA qualifications.

Photo of Paul Marriage

Key facts

Paul Marriage
Manager start date 03/01/2006
Manager located in London UK


Paul Marriage is a member of the pan-European equity team. He joined from Insight Investment where he was head of UK Small Cap investments. Paul graduated from University College, Oxford with a degree in Modern History. He is a member of ASIP and has 15 years? investment experience.

You can buy or sell holdings in this fund through a NISA, SIPP or Fund & Share Account

Data received from the Fund Management Company administering this fund and provided to you for your information. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.

Prices as at 12 September 2014. Data as at 31 July 2014.

Wealth 150 fund

The Wealth 150 is a list of what we believe are the best funds in all the main sectors. For a fund to be selected for the Wealth 150 it must pass a rigorous selection process, and we continually monitor the list to ensure it only contains the best funds.

Wealth 150+ fund

The Wealth 150 is a list of what we believe are the best funds in all the main sectors. For a fund to be selected for the Wealth 150 it must pass a rigorous selection process, and we continually monitor the list to ensure it only contains the best funds.

As investment returns depend on two factors - performance and charges - we have identified from the Wealth 150, the funds we believe offer the very best combination of outstanding performance potential and the best prices. These are the Wealth150+ funds. In many cases these super-low charges are only available through the Vantage Service - a unique benefit to Hargreaves Lansdown clients.

Core Tracker fund

The Core Trackers list represents what we believe are the very best trackers in each of the main sectors. We analysed each fund's management, process and performance to find the best combination of quality and cost. We want to ensure that the fund has not only tracked its index closely in the past, but that it has the best potential to track well in the future. In many cases these super-low charges are only available through the Vantage Service - a unique benefit to Hargreaves Lansdown clients.

Hargreaves Lansdown is authorised and regulated by the Financial Conduct Authority.

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