# Scottish Mortgage Investment Trust Plc (SMT)

**Source:** https://fundology.uk/fund/smt · ISIN GB00BLDYK618 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## 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 30/09/2026, SMT (Scottish Mortgage Investment Trust Plc, ISIN GB00BLDYK618) closed at £15.91 on the London Stock Exchange. Over the five years to 30/09/2026 its price changed by +14.9% (income paid out is not included), or −9.2% 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: **£15.91** (30/09/2026).

## Key facts

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

## Past returns (periods to 30/09/2026)

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

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +38.97% | +35.19% | price only |
| 3 years | +134.93% | +113.31% | price only |
| 5 years | +14.88% | -9.15% | price only |

Returns: Fundology, from recorded daily closes. Inflation: ONS 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 +17.3%, 2025 +25.1%; 2026 to 30/09/2026 +34.2%. Returns of Scottish Mortgage Investment Trust Plc in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +42.0%; to 30/09/2025: +32.8%; to 30/09/2024: +26.0%; to 30/09/2023: −14.4%; to 30/09/2022: −46.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -46.0% | -50.5% | Price |
| 2023 | +11.8% | +7.3% | Price |
| 2024 | +17.3% | +13.3% | Price |
| 2025 | +25.1% | +20.8% | Price |
| 2026 to 30/09/2026 | +34.2% | +30.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 25.50% | -13.53% |
| 3 years | 23.41% | -24.50% |
| 5 years | 27.17% | -59.37% |

## Largest fall

Volatility of Scottish Mortgage Investment Trust Plc in pounds, annualised from weekly returns to 30/09/2026: 25.5% over 1 year, 23.4% over 3 years, 27.2% over 5 years. Largest fall in the price of Scottish Mortgage Investment Trust Plc since October 2021, in pounds: −59.4% from 05/11/2021 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 30/09/2026 the price of Scottish Mortgage Investment Trust Plc was at its highest weekly close since October 2021, in pounds.

## Charges & eligibility

- ISA eligible: yes
- SIPP eligible: yes

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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.