Scottish Mortgage Investment Trust PLC (SMT)

Profile

https://www.scottishmortgage.com

Scottish Mortgage Investment Trust PLC is a closed-ended investment trust launched in 1909 and managed by Baillie Gifford & Co., domiciled in the United Kingdom. Its primary objective is to maximise total return over the long term through a high-conviction portfolio of exceptional public and private growth companies selected globally across diversified sectors. The trust emphasises factors like management strength, competitive positioning, customer appeal, sales and margin prospects, and valuation to build its holdings, benchmarking performance against the FTSE All World Index. Notable features include significant allocations to technology (around 26%), consumer cyclical (25%), and communication services, with top holdings such as Taiwan Semiconductor, MercadoLibre, Amazon, Meta Platforms, and SpaceX. It provides investors access to innovative firms in areas like electric aviation and quantum computing, often ahead of mainstream markets. With low ongoing charges of 0.31% and semi-annual dividends, Scottish Mortgage Investment Trust PLC plays a key role in offering diversified exposure to high-growth opportunities worldwide, supporting capital and income growth.