Facts and figures

Objective: To achieve rising income and long-term capital growth by investment in global equities.

Key figures

Benchmark Unconstrained
AIC Sector Global Equity Income
Manager Mark Whitehead
Launched 2005
Annual general meeting September
Interim dividend paid January, April, July and October
Ticker STS
Reuters code STS.L
Sedol number B09G3N2
Shares in issue 104,088,855
Total net assets £210.0m
Share price 202.0p
Net asset value per share 201.7p
Discount/(premium) (0.1%)
Historic net yield * 3.1%
Investment management fee (from 1 April 2019)** 0.6% up to £200m
0.4% over £200m
Ongoing charges 30 September 2019*** 0.9%

On 1 June 2016 Securities Trust of Scotland changed from benchmarking performance against the MSCI World High Dividend Yield index to an unconstrained strategy.  Prior to adopting a global mandate on 1 August 2011 the company’s benchmark was the FTSE All-Share index.

*†Source for historic yield: Martin Currie as at 30 November 2019. The historic yield reflects dividends declared over the past 12 months as a percentage of the mid-market share price, as at the date shown. Investors may be subject to tax on their dividends **Percentage of NAV of the company per annum, payable quarterly.  The NAV is adjusted by adding borrowings of the company. *** Ongoing charges have replaced the total expense ratio. They are calculated as a percentage of shareholders’ funds using average net assets over the year. The ongoing charges figure has been calculated in line with the AIC’s recommended methodology. 

Figures as at 30 November 2019 unless otherwise stated.