close

I confirm that I am a UK financial adviser (Professional Client) and that I agree to and will comply with the Terms and Conditions of this site

close

I confirm that I am resident in the UK and I agree to and will comply with the Terms and Conditions of this site

close

I confirm that I am a UK institutional investor (Professional Client) and that I agree to and will comply with the Terms and Conditions of this site

Invesco Perpetual UK Smaller Companies Investment Trust plc

September 2016 (Content as at 31 August 2016)

Introduction

Invesco Perpetual UK Smaller Companies Investment Trust plc update

Watch Jonathan and Robin as they discuss the factors they consider when investing in UK smaller companies, how they put together a portfolio and whether they believe the Brexit uncertainty will impact small cap investor confidence.

Watch Jonathan and Robin’s update

Video | Duration 11:20

04 August 2016

Jonathan Brown and Robin West, UK Equities Fund Managers, Invesco Perpetual

Change of Dividend Policy

Read more about the change of Dividend Policy

Investment objective

The Company's investment objective is to achieve long-term total return for shareholders primarily by investment in a broad cross- section of small to medium sized UK quoted companies.

Further details of the Company's Investment Policy and Risk and Investment Limits can be found in the Report of the Directors contained within the Company's Annual Financial Report.

Key facts

Launch date: 1 March 1988

Fund manager: Jonathan Brown, Fund Manager, Invesco Perpetual. View profile.

Deputy portfolio manager: Robin West, Invesco Perpetual.
View profile.

View latest company announcements

Company Directors and Company Secretary

Ian Barby (Chairman)
Richard Brooman
Garth Milne
Christopher Fletcher
Jane Lewis
Kelly Nice (Company Secretary)

Should you wish to contact a member of the Board of Directors, please do so via the Company Secretary (see Contact details).

Investment risks

The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.

When making an investment in an investment trust you are buying shares in a company that is listed on a stock exchange. The price of the shares will be determined by supply and demand. Consequently, the share price of an investment trust may be higher or lower than the underlying net asset value of the investments in its portfolio and there can be no certainty that there will be liquidity in the shares.

As this is a smaller companies investment trust, investors should be prepared to accept a higher degree of risk than for an investment trust with a broader investment mandate.

The investment trust may invest in derivatives. This means that the net asset value of the investment trust may, at times, be highly volatile. The use of derivative instruments involves certain risks (including market or communication breakdown, counterparty failure and credit risk) and there is no assurance that the objectives for the use of such instruments will be achieved.

The investment trust may use borrowings to invest in the market. The use of borrowings may enhance total return when the value of the investment trust's assets is rising, but it will have the opposite effect when asset values fall. The use of borrowings may increase the volatility of the share price and the net asset value per share. In certain circumstances, the investment trust may be required to repay borrowings and this could adversely affect income and capital returns.

The investment trust expects to increase dividend payments by making use of its ability to distribute capital. To the extent the investment trust uses its ability to fund dividends using capital profit this will reduce capital growth.

Issued on behalf of the board of the Invesco Perpetual UK Smaller Companies Investment Trust plc by Invesco Fund Managers Limited.

How to invest in an investment trust

Our guide provides you with the information you require when looking to invest.

View the guide

Investment trust email alerts

Sign up to receive email alerts when the monthly Investment Trust factsheets are available.

Sign up

Fund manager

Jonathan Brown

Title: UK Small Cap Equities Fund Manager

Team: Invesco Perpetual - UK Equities

Robin West

Title: UK Small Cap Equities Fund Manager

Team: Invesco Perpetual - UK Equities

Overview

Objective

Invesco Perpetual UK Smaller Companies Investment Trust plc aims to achieve long-term total return for its shareholders via an investment vehicle which gives access to a broad cross section of small to medium sized UK quoted companies. Further details of the investment trust's Asset Allocation and Risk Diversification Policy can be found in the Report of the Directors contained within the investment trust's Annual Financial Report.

Fixed interest roundtable Q&A: where next for bond markets?

Video

15 July 2015

Invesco Perpetual Fixed Interest team

In this live roundtable with fund managers from our Fixed Interest team, they discussed key issues including whether the Greek debt crisis matters for bond markets and the current macroeconomic backdrop.

Market commentary

Key facts
Product type Investment trust/company
Launch date 01 March 1988
Total gross assets £225.3m
Dividend yield* 3.2%
Benchmark index Numis SC Extended ex ICs
Available within an ISA Yes
Available within a Savings Plan No

Manager

Jonathan Brown

Title: UK Small Cap Equities Fund Manager
Team: Invesco Perpetual - UK Equities

Robin West

Title: UK Small Cap Equities Fund Manager
Team: Invesco Perpetual - UK Equities
Investment trust/company details
Share class Ordinary Share
Currency GBP
Reporting period ends 31 January
Reporting published March/April
AGM May
Investment levels (within an ISA/Savings Plan)
Minimum additional lump sum £100
Minimum monthly amount £20
Minimum lump sum £500

Charges (within an ISA/Savings Plan)

Full charges are set out on pages 5 & 6 of the Investment Trust Key Features document, available from the Related features & literature tab.

Holdings

 

Literature

Though she be but little, she is fierce

Article

30 November 2016

Jonathan Brown, Portfolio Manager, Invesco Perpetual

Finding UK small cap resilience and opportunities in the post-Brexit environment.

Invesco Perpetual UK Smaller Companies Investment Trust plc update

Video

04 August 2016

Jonathan Brown and Robin West, UK Equities Fund Managers, Invesco Perpetual

Watch Jonathan and Robin as they discuss the factors they consider when investing in UK smaller companies, how they put together a portfolio and whether they believe the Brexit uncertainty will impact small cap investor confidence.

Invesco Perpetual Select Trust plc update

Video

15 March 2016

Nick Mustoe, Chief Investment Officer and Global Equities Portfolio Manager, Invesco Perpetual

Nick Mustoe shares his thoughts on the Invesco Perpetual Select Trust plc (Global Equity Income Share Portfolio) which he manages, along with future challenges we might face.

Company Directors

Ian Barby (Chairman)
Richard Brooman
John Spooner
Garth Milne
Christopher Fletcher

Company Secretary

Carolyn Ladd

Should you wish to contact a member of the Board of Directors, please do so via the Company Secretary.

Contact details

London Stock Exchange

Latest company news

View announcements

Literature and forms

Investment risks

The value of investments and any income will fluctuate (this may partly be as a result of exchange rate fluctuations) and investors may not get back the full amount invested. Depending on individual circumstances, this may affect investment returns. Past performance is not a guide to future returns. The market price of shares in investment trusts may not reflect their underlying net asset value. As the Invesco Perpetual UK Smaller Companies Investment Trust plc is a smaller companies investment trust, investors should be prepared to accept a higher degree of risk than for an investment trust with a broader investment mandate.

Important information

This information has been approved for issue by Invesco Asset Management Limited, the investment trust's Manager and Company Secretary. All portfolio figures are as at date shown (source: Invesco Perpetual). 50% of the annual management charge, and any performance-related fees which become payable and loan interest will be deducted from the investment trust's capital, which may boost income but constrain or erode long-term capital growth. When making an investment in an investment trust you are buying shares in a company that is listed on a stock exchange. The price of the shares will be determined by supply and demand. Consequently, the share price of an investment trust may be higher or lower than the underlying net asset value of the investments in its portfolio and there can be no certainty that there will be liquidity in the shares. The information on this page is selective and does not constitute an offer, or an invitation to subscribe for, or purchase, any securities. This page does not form part of any prospectus and application for shares should be considered only on the basis of a full prospectus. Where Invesco Perpetual has expressed views and opinions, these may change. For detailed information on our investment trusts, please contact us.