# Scottish Mortgage Investment Trust Plc (SMT)

**Page:** https://fundology.uk/fund/smt · ISIN GB00BLDYK618

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, SMT (Scottish Mortgage Investment Trust Plc, ISIN GB00BLDYK618) closed at £14.90 on the London Stock Exchange. Over the five years to 13/11/2026 its price changed by −0.7% (income paid out is not included), or −22.5% after UK CPIH inflation.

## Summary

Scottish Mortgage Investment Trust Plc is an investment trust. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.

Latest close: **£14.90** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | SMT |
| ISIN | GB00BLDYK618 |
| Category | Investment trusts |
| Type | Investment trust |
| Domicile | United Kingdom |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +38.24% | +33.34% | price only |
| 3 years | +117.45% | +96.46% | price only |
| 5 years | -0.73% | -22.52% | price only |

Returns: worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Scottish Mortgage Investment Trust Plc in pounds (price only, income paid out not included): 2022 −46.0%, 2023 +11.8%, 2024 +20.2%, 2025 +21.7%; 2026 to 13/11/2026 +26.0%. Returns of Scottish Mortgage Investment Trust Plc in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +39.0%; to 30/09/2025: +35.7%; to 30/09/2024: +26.0%; to 30/09/2023: −14.4%; to 30/09/2022: −43.5%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -46.0% | -50.5% | Price |
| 2023 | +11.8% | +7.3% | Price |
| 2024 | +20.2% | +16.1% | Price |
| 2025 | +21.7% | +17.5% | Price |
| 2026 to 13/11/2026 | +26.0% | +22.0% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 24.54% | -13.53% |
| 3 years | 23.25% | -24.50% |
| 5 years | 27.21% | -59.02% |

## Largest fall

Volatility of Scottish Mortgage Investment Trust Plc in pounds, annualised from weekly returns to 13/11/2026: 24.5% over 1 year, 23.2% over 3 years, 27.2% over 5 years. Largest fall in the price of Scottish Mortgage Investment Trust Plc since November 2021, in pounds: −59.0% from 19/11/2021 to 12/05/2023. The lowest 12-month return of Scottish Mortgage Investment Trust Plc in pounds (price only, income paid out not included) since January 2021 was −51.9% (12 months to 28/10/2022); the highest was +66.9% (12 months to 17/04/2026). On 13/11/2026 the price of Scottish Mortgage Investment Trust Plc was 9.0% below its highest weekly close since November 2021 (09/10/2026), in pounds.

## Charges & eligibility

- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## Questions people ask

**What is the ISIN of SMT?**

The ISIN of SMT is GB00BLDYK618. An ISIN identifies one exact share class of a fund; SMT is its ticker on the London Stock Exchange.

**What were SMT’s returns in each of the last five years?**

Calendar-year returns of SMT in pounds (price only, income paid out not included): 2022 −46.0%, 2023 +11.8%, 2024 +20.2%, 2025 +21.7%; 2026 to 13/11/2026 +26.0%. Past performance is not a guide to future returns.

**How has SMT done after inflation?**

Over the five years to 13/11/2026 SMT’s price changed by −0.7% (income paid out is not included), or −22.5% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.