Schroder UK Mid Cap Fund plc is a United Kingdom-based investment company. The Company's investment objective is to invest in mid cap equities, with the aim of providing a total return in excess of the Financial Times Stock Exchange (FTSE) 250 (ex-investment companies) Index. It invests in smaller companies. The Company holds investments spread over a range of industry sectors, which include financials, industrials, consumer services, consumer goods, basic materials, oil and gas, technology, healthcare, telecommunications and liquid assets. Its liquid assets include cash, deposits and money market instruments with maturities of up to 397 days. The Company may hold up to 20% of its portfolio in equities and collective investment vehicles outside the benchmark index. The Company's investment manager is Schroder Investment Management Limited. The Company's alternative investment fund manager is Schroder Unit Trusts Limited.