Securities Trust of Scotland annual results 2017

The annual results for Securities Trust of Scotland have been published for the financial year to 31 March 2017.

6 June 2017

Rachel Beagles, Chairman, Securities Trust of Scotland commented:

Since taking over as portfolio manager, Mark has repositioned the portfolio with a greater focus on companies that exhibit growth and have a strong degree of security in their dividend payouts. It has been encouraging to see him using the wider opportunity set offered by the more flexible investment mandate with some exposure to alternative asset classes and smaller capitalisation stocks introduced."

Download Securities Trust of Scotland annual report 2017

Important information

Source: Martin Currie, for the 12 months period to 31 March 2017. 

*On 1 June 2016 Securities Trust of Scotland changed from benchmarking performance against the MSCI World High Dividend Yield index to an unconstrained strategy measured against the performance of the median of the peer group which consists of the AIC Global Equity Income sector combined with actively managed ICVC, SICAV or OEIC funds from Lipper Global – Global Equity Income sector. Performance is measured against the median of this peer group.

The net asset value (NAV) per share is calculated using cum-income NAV with dividends reinvested. 

The value of investments and the income from them may go down as well as up and is not guaranteed. An investor may not get back the amount originally invested. Investors may be subject to tax on their dividends. The yield is calculated using the dividend per share divided by the year end share price, share price as at 31 March 2016 was 166.00p. 

The majority of charges will be deducted from the capital of the company. This will constrain capital growth of the company in order to maintain the income streams.