Harnessing the best ideas in UK smaller companies
Please read the Investment Risks and Footnotes at the bottom of the page.
The Company is an investment trust whose 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.
Historically, UK smaller companies have outperformed larger stocks over time. In the next decade, some smaller companies may triple, quadruple, even quintuple in size. Not everyone recognises the opportunity, and still fewer know how to find the most exciting prospects. Where others see small, we see extraordinary.
The Investment Trust offers: -
* 100% distribution of available portfolio income enhanced by contribution from capital returns. The dividend policy and future dividend payments are determined by the Board and are not guaranteed.
With the ability to select from a universe of around 2,000 companies, the managers use a structured investment approach for finding the most exciting investment opportunities that has resulted in a proven long-term track record across varied market conditions.
The managers continue to seek extraordinary businesses, which have the potential to be significantly larger in the medium term. These tend to be companies that either have great products or services, enabling them to take market share from their competitors, or companies that are exposed to higher growth niches within the UK economy or overseas. The managers prefer to invest in cash generative businesses that can fund their own expansion, although they are willing to back strong management teams by providing additional capital to invest for growth.
To receive periodic updates on this investment trust and invites to future AGMs, visit Invesco’s Investment Trust Preference Centre.
When you interact with us, we may collect information about you which constitutes personal data under applicable laws and regulations. The Trust privacy notice explains how we use and protect your personal data. Invesco’s Investment Trust Preference Centre is managed by IR InTouch, an online investor contact management platform from RD:IR.
In this video recorded at a private investor conference, fund manager Robin West sets out why UK smaller companies deserve closer attention with insights on some of the extraordinary businesses in the portfolio.
As economic growth stalls and fewer small and medium-sized businesses choose to list in the UK, we explore policy measures that could help provide a boost to the sector.
In our monthly market roundup for September, Invesco experts provide a rundown of a mixed month for global equities and an update on the fixed income markets.
Find out what investment trusts are and how to invest in an investment trust with Invesco's introduction. Read more to get started today.
A dividend is a payment made by companies to their shareholders, it is essentially a share of the company’s profits. Because investment trusts are listed companies, they have the ability to pay dividends. Read our guide to dividends to find out more.
Investment trusts and funds have a lot in common but they also have key differences that investors need to consider when putting together their investment portfolio. We take a look at these differences.
| Launch date: | March 1988* | |
| ISIN: | GB00B1FL3C76 | |
| AIC sector: | UK Smaller Companies |
*The investment trust was launched in March 1988 (formerly known as Berry Starquest plc). Perpetual took over the management of the investment trust on 1 March 1994. On 13 June 2002, following shareholder resolution, the investment trust's name changed to Invesco Perpetual UK Smaller Companies Investment Trust plc
| Announcements | Dividends payable | Annual General Meeting |
| Annual financial report March/April | 1st interim September | May/June |
| Half-yearly financial report September | 2nd interim December | |
| Year End 31 January | 3rd interim March | |
| Final June |
| 30.09.19 30.09.20 |
30.09.20 30.09.21 |
30.09.21 30.09.22 |
30.09.22 30.09.23 |
30.09.23 30.09.24 |
|
|---|---|---|---|---|---|
| Ordinary Share Price | -23.7 | 68.1 | -34.4 | 11.8 | 6.8 |
| Net Asset Value | -9.4 | 53.9 | -31.6 | 1.7 | 13.4 |
| Numis Smaller Companies + AIM excluding Investment Companies Index |
-9.6 | 45.9 | -26.4 | 3.3 | 14.1 |
For more than 30 years Invesco has been associated with responsible investing, and today delivers this through equity, fixed income and multi-asset strategies.
Kepler Trust Intelligence – Research Note (view on Kepler website)
Mrs B Guerin (Chairman)
All directors are non-executive and, in the opinion of the Board, are independent of the Manager.
Should you wish to contact a member of the Board of Directors, please email the Company Secretary.
When you interact with us, we may collect information about you which constitutes personal data under applicable laws and regulations. The Trust privacy notice explains how we use and protect your personal data.
Total Assets: The value of all assets held, less current liabilities, including income for the current year.
Dividend Yield: The total declared and prospective dividends for the current financial year, expressed as a percentage of the trust’s value calculated at the last close price. The yield is indicative only and is not guaranteed.
Estimated NAV: The net asset value is the value of the company’s assets, less any liabilities.
Discount: The amount, expressed as a percentage by which the share price is less than the net asset value per share. Premium: The amount, expressed as a percentage, by which the share price is more than the net asset value per share.
Figures are subject to rounding.
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.
The Invesco Perpetual UK Smaller Companies Investment Trust plc invests in smaller companies which may result in a higher level of risk than a product that invests in larger companies. Securities of smaller companies may be subject to abrupt price movements and may be less liquid, which may mean they are not easy to buy or sell.
The use of borrowings may increase the volatility of the NAV and may reduce returns when asset values fall.
The product uses derivatives for efficient portfolio management which may result in increased volatility in the NAV. In addition, some companies are suspending, lowering or postponing their dividend payments, which may affect the income received by the product during this period and in the future.
This is marketing material and not financial advice. It is not intended as a recommendation to buy or sell any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication.
Views and opinions are based on current market conditions and are subject to change.
For more information on our products, please refer to the relevant Key Information Document (KID), Alternative Investment Fund Managers Directive document (AIFMD), and the latest Annual or Half-Yearly Financial Reports. This information is available in the literature section.
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.
