The Mercantile Investment Trust plc

ISIN:GB0005794036 Bloomberg ticker:MRC LN

Discovering developing firms is our passion. The trust aims to provide capital and income growth through a portfolio of UK medium and small company stocks by targeting only the most attractive companies identified by our rigorous investment research process.

  • Share price -p
  • NAV*-p
  • Premium*-
For information on charges relating to this trust please check Trust factsheet.
Source: J.P. Morgan Asset Management. Share Price updates every
15 minutes, current update as - on - .
* All other figures shown are as at close of business on27/05/2016

About this trust

  • Investment objective

    • The Trust aims to achieve capital growth through investing in a diversified portfolio of UK medium and smaller companies. It pays quarterly dividends and aims to grow its dividend at least in line with inflation. The Company can hold up to 10% cash or utilise gearing of up to 20% of net assets where appropriate.

  • Fund facts

    • Total fund size: £1,997,411,932
    •  (as at 30/04/2016)
    • Benchmark: FTSE All-Share (ex FTSE 100, ex Inv Companies) (£)
    • Investment style: Income & Growth
    • Sector: UK
  • Risk warnings

    The value of investments and the income from them can go down and up, and you may not get back as much as you paid in. Past performance is not a guide to the future.

    For further risks associated with this trust please refer to the 'Key risks' section below.

Performance

Cumulative performance of an original investment of £100.

  • 1 yr
  • 3 yr
  • 5 yr
 
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You should remember that past performance is not a guide to the future.
Source: J.P. Morgan Asset Management. Total return, net of charges and any applicable fees using cum income Net Asset Values (NAVs) debt at par with net dividend (if any) reinvested, in sterling. For detail see the Trust’s latest Report & Accounts.

Fund Managers

  • Guy Anderson

    Guy Anderson is a portfolio manager within the J.P. Morgan Asset Management European Equity Group and co-manages The Mercantile Investment Trust. An employee since 2012, Guy was previously a senior analyst at Breeden European Capital Management and before that an investment analyst at Pendragon Capital. Prior to this, Guy worked as a project manager in the Corporate and Investment Banking division at Oliver Wyman. He obtained an M.Eng (Hons) in Engineering from Oxford University, and is a CFA charterholder

  • Martin Hudson

    Martin Hudson is a portfolio manager within the J.P. Morgan Asset Management European Equity Group, responsible for The Mercantile Investment Trust and specialising in smaller and mid-sized UK equities. An employee since 1982, he was previously an investment manager in the UK Portfolios Group, managing both the UK equity portfolio of the Fleming Fledgeling Investment Trust (now the JPMorgan US Smaller Companies Investment Trust) and segregated pension fund portfolios. Before this he was manager of the UK Investment Research Department and previously was a building and property analyst. Prior to joining the firm, he worked on manufacturing and acquisitions for Blue Circle Industries. Martin obtained an M.A. in Natural Sciences from the University of Cambridge.

  • Anthony Lynch

    Anthony Lynch is a portfolio manager within the J.P. Morgan Asset Management European Equity Group and co-manages The Mercantile Investment Trust, specialising in smaller and mid-sized UK equities. Anthony joined in 2009, initially as an analyst, and now co-manages the Investment Trust. Prior to this he obtained a B.A. (Hons) in Economics from Durham University. He is a CFA charterholder.

Important information

Key attributes
  • One of the oldest and largest investment trusts in the UK, with assets of more than £2 billion.
  • Extensively diversified portfolio of around 120 medium and smaller UK companies.
  • Managed by J.P. Morgan's highly-respected European Equity Group using its distinctive 'style' process.
  • Long term record of quarterly dividend payments to shareholders.
Essential information

Shares and debentures (if any) in an investment trust are not subject to the Financial Conduct Authority's (FCA) restrictions for marketing Non-mainstream Pooled Investment products, therefore investment trust products can be marketed to retail investors directly or via Independent Financial Advisers.

Charges

For information on charges relating to this trust please check the Trust factsheet.

Key risks
  • Investments in smaller companies may involve a higher degree of risk as these are usually more sensitive to price movements.
  • External factors may cause an entire asset class to decline in value. Prices and values of all shares or all bonds could decline at the same time.
  • This trust may utlilise gearing (borrowing) which will exaggerate market movements both up and down.
Awards

Rated logo

Annual and half year reports
Annual general meeting

Date: 25th May 2016
Time: 12 noon
Location: Trinity House Tower Hill, London EC3N 4DH

AGM Presentation 2015

Proxy Voting as at:

20 May 2015

21 May 2014

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