Performance
At Scottish Mortgage, we aim to maximise total returns for shareholders over the long term, typically five years or more.
When holding companies over such a period, volatility is inevitable. So while the size of returns we aim to deliver may be attractive, the path to achieving them may not. That's why we ask shareholders to be aware of time horizons when choosing to invest.
Shareprice, NAV and benchmark
This graph shows the performance of our share price and net asset value (NAV) alongside the trust’s benchmark which is the FTSE All-World Index.
As at 31 July 2024
Performance figures appear in GBP. The value of your investment may go down as well as up, and you may not get back the amount you invested.
Benchmark data is limited to a 5 year period from the current date.
The graph has been rebased to 100.
Please bear in mind that past performance is not a guide to future performance.
Active Share
Active share is a measure of how actively a portfolio is managed. It is the percentage of the portfolio that differs from its comparative index.
As at 31 July 2024
Relative to FTSE All-World Index. Source: Baillie Gifford & Co, FTSE.
Discount/premium at fair
If the current share price is above the net asset value (NAV), the trust is said to be trading at a premium, i.e. it costs more to buy the shares than the underlying investments are worth. When the share price is below the NAV, this is known as trading at a discount. This chart tracks what % of the NAV the share price has been trading at.
As at 31 July 2024
Performance figures appear in GBP. The value of your investment may go down as well as up, and you may not get back the amount you invested.
If the graph shows negative figures this means that the share price is lower than the NAV at fair – this is known as trading at a Discount.
If the graph shows positive figures this means that the share price is higher than the NAV at fair - this is known as trading at a Premium.
Please bear in mind that past performance is not a guide to future performance.
Performance
All figures to 31/07/2024
Performance figures appear in GBP. The value of your investment may go down as well as up, and you may not get back the amount you invested.
NAV is calculated with borrowings deducted at fair value for 1, 3 and 5 years and par value for 10 years.
*FTSE All World Index (GBP) TR.
Performance source: Morningstar and relevant underlying index provider, total return.
Please bear in mind that past performance is not a guide to future performance.
Investment trusts are UK public companies and are not authorised and regulated by the Financial Conduct Authority. You may not get back the amount invested and please bear in mind that past performance is not a guide to future performance.