Fact sheet: LV= Schdr Asian Inc Maximiser Pn

Fund information
Fund name
LV= Schroder Asian Income Maximiser Pn S2
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund managers
  • Mike Hodgsonsince 26/07/2016
  • Richard Sennittsince 01/06/2010
Underlying fund
Schroder Asian Income Maxim
Fund objective
The fund aims to provide income and capital growth by investing in equities of Asian companies, excluding Japan. The fund aims to deliver a target income of 7% per year but this cannot be guaranteed and could change depending on market conditions. The fund invests least 80% of its assets in equities of Asian companies excluding Japan which are selected for their long term income and capital growth potential. The fund generates its income from two sources; dividends received from shares in companies; and cash received from selling some of the potential capital growth on the fund's holdings on a rolling basis using derivatives. The fund may also invest in collective investment schemes and warrants, and hold cash. The fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the fund more efficiently. The fund's investment strategy will typically underperform a similar portfolio without derivatives in periods when the underlying stock prices are rising, and outperform when the underlying stock prices are falling.
Benchmark
  • MSCI AC Pacific ex Japan
Investment style
No data available.
Investment method
Shares
Quick stats
1 Year return
34.3%
1 Year rank in sector
188/214
Sector
PN Asia Pacific Excluding Japan
Yield
-
Fund size
£1m (£1m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
95
Bid price
150.4
Offer price
158.3
Top in this sector
Fund name1 Year
FL Invesco Perp Asian Pn62.6%
Aviva Invesco Perpetual Asian Pn61.3%
Aviva Invsc Prptul AsnPn60.6%
SIP Inv Perp Asian Pn60.5%
FL Invesco Perpetual Asian AP60.5%
...more in PN Asia Pacific Excluding Japan

Performance snapshot

Holdings snapshot

  • Hong Kong21.3%
    Australia18.8%
    Taiwan16.6%
    China12.2%
    Singapore11.9%
  • Financials19.6%
    Information Technology19.4%
    Real Estate13.5%
    Telecommunications Utilities12.5%
    Materials10.7%
  • Hong Kong Equities21.3%
    Australian Equities18.8%
    Taiwanese Equities16.6%
    Chinese Equities12.2%
    Singapore Equities11.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%1.3%8.1%34.3%40.7%68.4%
Sector2.3%3.5%12.5%41.9%43.7%72.8%
Rank within sector188 / 220182 / 220210 / 220188 / 214105 / 199123 / 187
Quartile4th4th4th4th3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund7%28.1%-2.4%9.6%-1.4%
Sector11.6%27%-3.6%8.3%0.7%
Rank within sector211 / 220103 / 21265 / 21068 / 199146 / 196
Quartile4th2nd2nd2nd3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
1.45
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.8
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.72
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
11.84
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
4.08
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.2
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.94
Price movement
52 week high153.9
52 week low112.1
Current bid price150.4
Current offer price158.3
Current mid price-
Region
1Hong Kong21.34%
2Australia18.76%
3Taiwan16.6%
4China12.19%
5Singapore11.95%
6Korea8.82%
7Thailand4.83%
8Money Market3.57%
9UK2.02%
Industry sector
1Financials19.59%
2Information Technology19.4%
3Real Estate13.47%
4Telecommunications Utilities12.45%
5Materials10.69%
6Consumer Discretionary8.36%
7Industrials7.23%
8Energy4.75%
9Money Market3.57%
Asset type
1Hong Kong Equities21.34%
2Australian Equities18.76%
3Taiwanese Equities16.6%
4Chinese Equities12.19%
5Singapore Equities11.95%
6South Korean Equities8.82%
7Thai Equities4.83%
8Money Market3.57%
9UK Equities2.02%
Individual holdings
1TAIWAN SEMICONDUCTOR MANUFACTURING5.87%
2SAMSUNG ELECTRONICS CO3.49%
3HSBC HLDGS3.18%
4HON HAI PRECISION INDUSTRY2.86%
5CHINA PETROLEUM & CHEMICAL CORP2.81%
6CHINA MOBILE LTD2.28%
7HKT TRUST AND HKT LTD SHARE STAPLED UNIT2.27%
8BOC HONG KONG(HLDGS)2.26%
9NATIONAL AUSTRALIA BANK2.25%
Management
Fund manager group
LVFS
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund objective
The fund aims to provide income and capital growth by investing in equities of Asian companies, excluding Japan. The fund aims to deliver a target income of 7% per year but this cannot be guaranteed and could change depending on market conditions. The fund invests least 80% of its assets in equities of Asian companies excluding Japan which are selected for their long term income and capital growth potential. The fund generates its income from two sources; dividends received from shares in companies; and cash received from selling some of the potential capital growth on the fund's holdings on a rolling basis using derivatives. The fund may also invest in collective investment schemes and warrants, and hold cash. The fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the fund more efficiently. The fund's investment strategy will typically underperform a similar portfolio without derivatives in periods when the underlying stock prices are rising, and outperform when the underlying stock prices are falling.
Benchmark
  • MSCI AC Pacific ex Japan
Investment style
No data available.
Investment method
Shares
Fund managers
NameSinceBiography
Mike Hodgson26/07/2016Mike Hodgson is Head of Risk Managed Investments & Structuring at Schroders and has over 25 years of experience in financial markets. At Royal Bank of Scotland (formerly of ABN AMRO) he was Global Head of Equity Derivatives Structuring and Head of Fund Derivatives Trading and Structuring.
Richard Sennitt01/06/2010Richard Sennitt joined Schroders in 1993, initially as an Analyst on the Japanese Desk, before moving onto the Pacific Basin team at the start of 1997. Since then he has had a broad exposure to the emerging and developed Pacific markets as a regional Fund Manager managing money for UK and North American clients.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
LV= Schroder Asian Income Maximiser Pn S2
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.96%
Bid price150.4
Offer price158.3
Mid price-
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0N6Z
Data provided by

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