Fact sheet: Schroder Asian Income Maxim

Fund information
Fund name
Schroder Asian Income Maximiser Z Acc
Fund manager company
Schroder UT Managers
Fund type
Unit Trust
Fund managers
  • Richard Sennittsince 31/05/2010
  • Mike Hodgsonsince 25/07/2016
Fund objective
The fund aims to provide income and capital growth. The fund aims to deliver a target income of 7% per year but this is not guaranteed and could change depending on market conditions. At least 80% of the fund will be invested in shares of Asian companies which offer a high dividend income and are selected for their long-term income and growth potential. The fund has no bias to any particular size of company or industry. The fund generates its income from two sources; dividends received from shares in companies; and cash received from selling some potential future growth of the fund's holdings using derivatives. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives will be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The 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
None
Investment method
Shares
Quick stats
1 Year return
36.2%
1 Year rank in sector
52/63
Sector
UT Asia Pacific Excluding Japan
Yield
6.9%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.95%
Fund size
£327m (£252m 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.
97
Top in this sector
Fund name1 Year
Invesco Perp Asian59.5%
Old Mutual Invesco Perp Asn57.2%
Marlborough Far East Growth54.6%
Old Mutual Asia Pacific51.8%
F&C Pacific Growth51.1%
...more in UT Asia Pacific Excluding Japan

Performance snapshot

Holdings snapshot

  • Hong Kong22.4%
    Australia19.4%
    Taiwan16%
    Singapore11.8%
    China11.3%
  • Financials18.7%
    Information Technology18.5%
    Telecommunications Utilities14.3%
    Real Estate12.5%
    Materials12%
  • Hong Kong Equities22.4%
    Australian Equities19.4%
    Taiwanese Equities16%
    Singapore Equities11.8%
    Chinese Equities11.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.6%7.2%10.1%36.2%47.3%59.4%
Sector5%8.9%11.1%42.5%48.7%56.4%
Rank within sector64 / 6554 / 6542 / 6552 / 6332 / 5721 / 50
Quartile4th4th3rd4th3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund6.7%28%-2.4%9.5%-1.5%
Sector8.7%27.3%-3.8%9.2%3.4%
Rank within sector57 / 6531 / 6321 / 6127 / 5743 / 51
Quartile4th2nd2nd2nd4th
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.
2.69
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.
0.83
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.
0.89
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%.
11.68
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.
3.65
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.
0.17
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 high97.13
52 week low70.93
Current bid price-
Current offer price-
Current mid price96.83
Region
1Hong Kong22.39%
2Australia19.41%
3Taiwan16.02%
4Singapore11.81%
5China11.3%
6Korea8.6%
7Thailand4.93%
8UK2.61%
9Money Market2.42%
Industry sector
1Financials18.65%
2Information Technology18.48%
3Telecommunications Utilities14.34%
4Real Estate12.47%
5Materials11.97%
6Consumer Discretionary9.64%
7Industrials7.12%
8Energy4.03%
9Money Market2.42%
Asset type
1Hong Kong Equities22.39%
2Australian Equities19.41%
3Taiwanese Equities16.02%
4Singapore Equities11.81%
5Chinese Equities11.3%
6South Korean Equities8.6%
7Thai Equities4.93%
8UK Equities2.61%
9Money Market2.42%
Individual holdings
1TAIWAN SEMICONDUCTOR MANUFACTURING5.67%
2HSBC HLDGS3.54%
3SAMSUNG ELECTRONICS CO3.17%
4CHINA PETROLEUM & CHEMICAL CORP3.02%
5HKT TRUST AND HKT LTD SHARE STAPLED UNIT2.69%
6CHINA MOBILE LTD2.63%
7BHP BILLITON PLC2.61%
8BOC HONG KONG(HLDGS)2.6%
9HON HAI PRECISION INDUSTRY2.45%
Management
Fund manager group
Schroders
Fund manager company
Schroder UT Managers
Fund type
Unit Trust
Fund objective
The fund aims to provide income and capital growth. The fund aims to deliver a target income of 7% per year but this is not guaranteed and could change depending on market conditions. At least 80% of the fund will be invested in shares of Asian companies which offer a high dividend income and are selected for their long-term income and growth potential. The fund has no bias to any particular size of company or industry. The fund generates its income from two sources; dividends received from shares in companies; and cash received from selling some potential future growth of the fund's holdings using derivatives. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives will be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The 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
None
Investment method
Shares
Fund managers
NameSinceBiography
Richard Sennitt31/05/2010Richard 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.
Mike Hodgson25/07/2016Mike 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.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Germany, Spain, France, United Kingdom
Schroder Asian Income Maximiser A Acc
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price93.03
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIZB2
Schroder Asian Income Maximiser A Inc
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price56.74
CurrencyGBX
Price updated23/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIZB3
Schroder Asian Income Maximiser L Acc
Initial charge-
Annual charge0.68%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price70.72
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJOWD
Schroder Asian Income Maximiser L Inc
Initial charge-
Annual charge0.68%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price55.57
CurrencyGBX
Price updated23/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJOWE
Schroder Asian Income Maximiser Z Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price96.83
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIZB4
Schroder Asian Income Maximiser Z Inc
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price59.12
CurrencyGBX
Price updated23/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIZB5
Data provided by

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