|Fund/benchmark||Jun 04 - Sep 03||Sep 04 - Dec 03||Dec 04 - Dec 26|
|Price||Scottish Mortgage Investment Trust plc (Ordinary Share)||+1.59%||-2.33%||-8.40%|
|NAV||Scottish Mortgage Investment Trust plc (Ordinary Share)||+4.16%||-6.91%||-5.14%|
|Morningstar's Benchmark||FTSE All World TR GBP||+1.63%||-0.51%||-2.93%|
Premium / Discount Movement
Premium/discount movement represents the disparity between the value of an investment company's underlying assets and the price of its shares over the selected time period.