Scottish Mortgage Investment Trust PLC (STMZF) Fund Overview
Scottish Mortgage Investment Trust PLC (STMZF) — price $21.00 (+1.30%), as of the Oct 5, 2026 trading session; market cap $23.3B.
Educational signal · not a buy or sell recommendation · How to read this
Scottish Mortgage Investment Trust PLC · STMZF · Financial Services · Asset Management
Research dated 2026-09-12: Scottish Mortgage Investment Trust is a closed-ended portfolio of global growth companies managed by Baillie Gifford, not a mortgage lender or an operating asset manager selling services to clients. Its appeal depends on whether the selected holdings convert ambitious sales and margin prospects into portfolio performance that exceeds its global benchmark.
Price as of Oct 5, 2026
Key Statistics
Not scored: this is a debt/preferred or other non-common instrument, or its reported market value does not match its share basis.
Price & valuation
| Measure | Value | As of |
|---|---|---|
| Latest provided price | $21.00 | |
| Change on the day | +1.30% | |
| 52-week range | $13.62–$21.29 | |
| Market capitalisation | $23.3B | |
| Shares traded on the day | 500 | |
| Beta (volatility vs the S&P 500) | 0.85 | |
| Dividends per share (last 12 months) | $0.06 | |
| Dividend yield (last 12 months) | 0.29% |
Price & events
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Other perspectives
Council score for Scottish Mortgage Investment Trust (STMZF): perspectives
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
Legends Council
5 lenses, 0 current
AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Read on: Sep 19, 2026 · older than the 27 hours refresh window; not a current reading
Munger's Mindset
Balance Sheet & Valuation · historical
Read on: Jun 16, 2026 · older than the 27 hours refresh window; not a current reading
How to read these bars and different assessments
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.
On Jun 16, 2026, the Munger lens read the price at that time as fairly valued against its own estimate of value.
Readings on this page are from Oct 5, 2026, except a card that shows its own read date.
Watch the STMZF film — every key number, told as a short cinematic story
~2 min · open the film
What is Scottish Mortgage Investment Trust (STMZF), and what does it report?
Short answer · as of
Investors buy shares in the trust, while Baillie Gifford selects publicly traded companies across markets and sectors using management quality, competitive position, customer focus, growth prospects and valuation.
Research dated 2026-09-12.
Investors buy shares in the trust, while Baillie Gifford selects publicly traded companies across markets and sectors using management quality, competitive position, customer focus, growth prospects and valuation. The quoted security therefore represents an investment portfolio rather than an operating business with products, customers and conventional sales revenue.
What do the latest results show for Scottish Mortgage Investment Trust (STMZF)?
Research dated 2026-09-12.
The latest ratio set shows very high reported margins and strong returns on assets and equity, alongside modest debt relative to equity and a market valuation above book value. Those margins should not be interpreted like manufacturing or software margins: the trust’s economics come from its investments, so portfolio gains and income flow through a fundamentally different reporting shape.
What are the financial strengths and risks for Scottish Mortgage Investment Trust (STMZF)?
Short answer
Trailing ratios: ROE 23.9% · ROA 13.4% · current ratio 0.08.
Research dated 2026-09-12.
Modest reported leverage limits the direct balance-sheet burden, while recurring distributions show that shareholders have continued to receive cash payments. Conventional liquidity ratios are low, however, and the portfolio’s emphasis on high-growth businesses makes outcomes sensitive to whether holdings deliver the sales, margins and valuations assumed when they were selected.
What should you watch next at Scottish Mortgage Investment Trust (STMZF)?
Research dated 2026-09-12.
Watch the relationship between market price and book value, returns on the asset base, leverage and conventional liquidity measures. At portfolio level, the useful test is whether holdings sustain their expected sales and margin paths and whether the trust’s performance justifies active selection against the global benchmark; continued distributions provide another observable signal of shareholder cash returns.
What the records here don't tell us
- No forward revenue or earnings estimate is on file.
- The next earnings date is not yet scheduled in the calendar we read.
- No insider Form 4 transaction falls inside the window this page reads.
- No quarterly income statement is held for STMZF.
- No Altman Z or Piotroski screen is held for this filer.
- Fewer than two score snapshots exist, so no score trend is shown.
Checked against the records this page reads, on the dates shown above.
How is Scottish Mortgage Investment Trust scored?
Research dated 2026-09-12.
Scottish Mortgage is the investment vehicle itself, whereas a conventional asset manager primarily runs portfolios for clients and earns management fees. It also differs from a passive global fund because Baillie Gifford selects growth companies through company-level judgments about leadership, competitive position, customers, financial potential and valuation, while using a broad global index as the performance yardstick.
| Company | Price | Market value | Score |
|---|---|---|---|
| $15.00 Oct 2, 2026 | $5.91B | — Model unavailable | |
| $40.00 Oct 2, 2026 | $29.8B | — Model unavailable | |
| $17.88 Oct 2, 2026 | $969M | — Model unavailable | |
| $188.23 Oct 2, 2026 | $17.0B | — Model unavailable | |
| $1066.45 Oct 5, 2026 | $165B | — 5-pillar · not comparable | |
| $111.64 Oct 5, 2026 | $136B | — 5-pillar · not comparable | |
| $25.59 Oct 5, 2026 | $74.8B | — 5-pillar · not comparable | |
| $44.73 Oct 5, 2026 | $71.4B | — 5-pillar · not comparable | |
| $494.94 Oct 5, 2026 | $44.4B | — 5-pillar · not comparable | |
| $117.13 Oct 5, 2026 | $38.5B | — 5-pillar · not comparable | |
| $103.93 Oct 5, 2026 | $22.3B | — 5-pillar · not comparable | |
| $23.59 Oct 5, 2026 | $18.9B | — 5-pillar · not comparable |
The comparison model is unavailable. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.
Common Questions About STMZF (Financial Services)
Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 2 questions are answered from this page's own dated data, not from the research.
Why does Scottish Mortgage own global growth companies?
The name reflects a long-established trust rather than its present portfolio mandate. Scottish Mortgage invests across global markets and sectors, seeking businesses with strong management, competitive positions, customer focus and substantial growth potential.
What does Baillie Gifford do for Scottish Mortgage?
Baillie Gifford manages and co-manages the trust, assessing prospective holdings and constructing the portfolio. Scottish Mortgage shareholders therefore own the closed-ended vehicle, while investment selection is delegated to the manager.
Why are Scottish Mortgage’s reported margins so high?
Scottish Mortgage is an investment trust rather than a conventional seller of goods or services, so its margin ratios reflect portfolio economics rather than an operating cost structure. Comparing those margins directly with an industrial or software company would misread what the accounts measure.
What is the FTSE All World Index used for at Scottish Mortgage?
The index is the benchmark used to evaluate the trust’s investment performance. It is a comparison yardstick for Baillie Gifford’s active portfolio selection, not a statement that Scottish Mortgage simply replicates the index.
What is the STMZF stock price today?
The last price recorded on this page for Scottish Mortgage Investment Trust PLC (STMZF) is $21.00, as of the Oct 5, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.
Does STMZF pay a dividend?
Yes. Scottish Mortgage Investment Trust PLC (STMZF) shows a trailing 12-month dividend yield of 0.29%, as of Oct 2, 2026, in the data on this page. Payout ratio and cash-flow coverage decide whether it can last, and past dividends do not guarantee future payments.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.
Sources — records for every figure on this page (11 figures)
The 11 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.
"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.
FMP — 8 facts from Financial Modeling Prep endpoint families
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
px.last | Latest provided price | $21.00 | FMP | Financial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-05T21:44:50.787Z. | |
px.change | Change on the day | +1.30% | FMP | Financial Modeling Prep (FMP) · quote | |
px.mcap | Market capitalization | $23.3B | FMP | Financial Modeling Prep (FMP) quote — Provider market cap uses the share class it prices; a company with more than one class may show a larger total elsewhere. Market cap record date: 2026-10-02. Source capture time was not supplied. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares. | |
px.change_abs | Change on the day, in dollars | +$0.27 | FMP | Financial Modeling Prep (FMP) · quote | |
px.range52 | 52-week range | $13.62–$21.29 | FMP | Financial Modeling Prep (FMP) quote | |
px.volume | Shares traded on the day | 500 | FMP | Financial Modeling Prep (FMP) · quote | |
px.beta | Beta | 0.85 | FMP | Financial Modeling Prep (FMP) company profile | |
id.hq | Headquarters | 3 Haymarket Square, Edinburgh, SCT, EH3 8RY, GB | FMP | Financial Modeling Prep (FMP) company profile |
UNRECORDED — 1 fact from stored observations whose source was not recorded
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
fin.ratios | Return and yield ratios (trailing twelve months) | ROE 23.9% · ROA 13.4% · current ratio 0.08 | — | UNRECORDED | Stored key metrics — Date unknown |
COMPUTED — 2 facts from our arithmetic, formula restated
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
div.ttm_per_share | Dividends per share, last 12 months (split-adjusted) | $0.06 | COMPUTED | Financial Modeling Prep (FMP) split-adjusted dividend history — Sum of 2 split-adjusted declared dividends with an ex-date in the 365 days to 2026-10-05, per current share. Ex-dates are not payment dates; special dividends are included. Not a declared annual rate. | |
div.ttm_yield | Dividend yield, last 12 months | 0.29% | COMPUTED | Financial Modeling Prep (FMP) split-adjusted dividend history and quote — Split-adjusted dividends with ex-dates in the trailing 365-day window divided by the packet price, on the same current-share basis. Price date follows the quote, latest price bar or packet-build day when unstamped. Not a forecast or declared annual rate. |
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- sedat@stockexpertai.com
Sources used for research written 2026-09-12
Historical evidence preserved with this analysis. Current figures are listed separately above.
| Evidence | Captured value | Source date | Source type | Source |
|---|---|---|---|---|
| Legal name | Scottish Mortgage Investment Trust PLC | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
| Business description | Scottish Mortgage Investment Trust PLC (STMZF) functions as a closed-ended equity investment trust, operating under the management of Baillie Gifford & Co Ltd., who also serve as its co-managers. This trust strategically invests in publicly traded companies across diverse global markets and a wide array of sectors. Its primary focus is on identifying and acquiring stakes in high-growth businesses. To construct its portfolio, the trust meticulously assesses various crucial factors. These include the strength and experience of a company's management team, its competitive position within its industry, its customer-centric approach, the projected trajectory for its sales and profit margins, and its current and potential valuation. The investment performance of the trust's holdings is evaluated and benchmarked against the FTSE All World Index. Scottish Mortgage Investment Trust PLC boasts a long history, having been established in 1909, and is headquartered in the United Kingdom. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
| Sector / industry (provider taxonomy) | Financial Services / Asset Management | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
| Ticker / exchange | STMZF on Other OTC | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
| Listed since | 2003-09-19 | 2003-09-19 | FMP | Financial Modeling Prep (FMP) company profile |
| Trailing twelve-month ratio set | Quick ratio: 0.08; Current ratio: 0.08; Debt to equity: 0.12; Net margin: 97.4%; Gross margin: 100%; Operating margin: 95.5%; Return on assets: 13.4%; Return on equity: 23.9% Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm |
| Recent dividends paid | Captured record · 4 entries
Declared amounts per share on their ex-dates. A single payment does not establish an annual rate, and a special dividend is not separated here. | 2026-06-12 | FMP | Financial Modeling Prep (FMP) dividend history |
| Headquarters | 3 Haymarket Square, Edinburgh, SCT, EH3 8RY, GB | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
Data provided for informational purposes only.