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Scottish Mortgage Investment Trust plc (SMT) Ordinary Shares 5p

Sell:1,433.00p Buy:1,434.50p 0 Change: 11.50p (0.81%)
FTSE 100:0.42%
Market closed Prices as at close on 18 October 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Change: 11.50p (0.81%)
Market closed Prices as at close on 18 October 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Change: 11.50p (0.81%)
Market closed Prices as at close on 18 October 2021 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.


Investment is predominantly in equities. The number of equity holdings will typically range between 50 and 100 and the portfolio can be relatively concentrated. An unconstrained approach is adopted and there are no fixed limits set as to geographical, industry and sector exposure. The major part of the portfolio will be held in quoted equities with good liquidity. Investment may also be made in fixed interest securities, convertible securities, funds, unquoted entities and other assets based on the individual investment case. The maximum amount which may be invested in companies not listed on a public market shall not exceed 30 per cent of the total assets of the Company, measured at the time of purchase. The Company aims to achieve a greater return than the FTSE All-World Index (in sterling terms) over a five year rolling period or longer.
Security Weight
Moderna Inc 8.47%
Illumina Inc 6.64%
ASML Holding NV EUR0.09 5.59%
Tencent Holdings Ltd 4.24%
Tesla Inc 4.14%
NIO Inc ADR 3.53%
Alibaba Group Holding Ltd ADR 3.31%
Delivery Hero SE NPV 3.03%
Kering Eur4.00 2.66%
Amazon.com Inc 2.63%
Sector Weight
Consumer Cyclical 31.62%
Healthcare 19.08%
Technology 16.13%
Communication Services 8.10%
Financial Services 1.14%
Consumer Defensive 0.79%
Industrials 0.51%
Basic Materials 0.27%
Real Estate 0.15%
Country Weight
United States 38.12%
China 14.80%
Netherlands 6.99%
Germany 6.77%
France 2.66%
United Kingdom 2.57%
Brazil 1.79%
Canada 1.38%
Sweden 1.17%
Italy 1.04%

Fee Structure

The annual management fee is 0.30% p.a. on the first GBP 4bn of TA less current liabilities under management, and 0.25% p.a. thereafter. The Investment Management Agreement is terminable on not less than six months notice.

Dividend Policy

The Board intends to pay a modest but growing dividend in accordance with the investment objective to maximise total return from a portfolio of long term investments chosen on a global basis. two dividends to be paid in respect of each financial year. An interim dividend is paid at the end of November/early December and a final dividend is paid in early July.


Total number of holdings: 139.

Trust Manager

James Anderson

Manager Bio

James graduated BA in History from Oxford University and after postgraduate study in Italy and Canada he gained an MA in International Affairs in 1982. He is a Trustee of the Johns Hopkins University. He joined Baillie Gifford in 1983 and became a Partner in 1987. He headed our European Equity team until 2003 when he founded our Long Term Global Growth strategy. He has Chaired the EAFE Alpha Portfolio Group since its inception in 2003 and has been the Manager and then Joint Manager of Scottish Mortgage Investment Trust since 2000. In 2015 James became the Chair of our newly formed Equity Improvement Group. He has also served as a member of the Advisory Board of the government sponsored Kay Review and as Chair of the subsequent industry working group that set up the UK Investor Forum.

Board Of Directors

Fiona McBainChairman, Justin Dowley, Paola Subacchi, Patrick Maxwell, Mark FitzPatrick, Amar Bhide

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.