Fact sheet: Schroder Gilt & Fixed Int

Fund information
Fund name
Schroder Gilt & Fixed Interest A Acc
Fund manager company
Schroder UT Managers
Fund type
Unit Trust
Fund managers
  • Paul Graingersince 31/07/2016
  • James Lindsay-Fynnsince 17/03/2016
  • Thomas Sartainsince 28/01/2013
Fund objective
The fund aims to provide income and capital growth. The fund invests mainly in bonds issued by the UK government across all maturities. The fund may also hold exposure to other government and non-government issuers. Government bonds can offer an alternative to equity markets, providing diversification in times of weaker risk appetite amongst investors. The fund will invest in bonds issued either in British pound or in another currency hedged back into British pound (to reduce or remove the risk of loss through currency movements). The fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The fund may use leverage and take indirect short positions.
Benchmark
  • IA UK Gilt Sector Average
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
5%
1 Year rank in sector
23/34
Sector
UT UK Gilts
Yield
2.7%
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.
0.57%
Fund size
£155m (£167m 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.
50
Bid price
219.4
Offer price
219.6
Top in this sector
Fund name1 Year
Blackrock Inst Bd Over 15 Yr Glt10.9%
Vanguard UK Lng DurGlt Id10.7%
Newton Long Gilt10.6%
Schroder Inst Lg Dtd StgBd10.5%
Insight UK Gov Lg Mty bond10.4%
...more in UT UK Gilts

Performance snapshot

Holdings snapshot

  • UK93.6%
    USA5.3%
    Sweden0.6%
    Money Market0.5%
    Not Specified0.1%
  • Government Bonds96.8%
    Financials1.7%
    Industrials0.5%
    Money Market0.5%
    Utilities0.4%
  • UK Gilts96.8%
    UK Fixed Interest2.6%
    Money Market0.5%
    Alternative Investment Strategies0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.1%3%-5.1%5%20.9%20.2%
Sector2.2%2.9%-5.8%6.1%24.8%25.6%
Rank within sector22 / 3415 / 3411 / 3423 / 3418 / 3321 / 30
Quartile3rd2nd2nd3rd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund0.4%9.2%-0.2%12.4%-5.2%
Sector0.3%10.8%-0.1%14.3%-4.7%
Rank within sector13 / 3423 / 3422 / 3419 / 3319 / 32
Quartile2nd3rd3rd3rd3rd
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.
-0.09
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.
0.85
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.
0.28
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%.
7.19
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.
1.29
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.
-0.76
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.
1
Price movement
52 week high232.1
52 week low205.2
Current bid price219.4
Current offer price219.6
Current mid price-
Region
1UK93.57%
2USA5.27%
3Sweden0.58%
4Money Market0.45%
5Not Specified0.13%
Industry sector
1Government Bonds96.82%
2Financials1.72%
3Industrials0.53%
4Money Market0.45%
5Utilities0.36%
6Derivatives0.13%
Asset type
1UK Gilts96.82%
2UK Fixed Interest2.6%
3Money Market0.45%
4Alternative Investment Strategies0.13%
Individual holdings
1TREASURY 3.75% GILT 07/09/19 GBP0.018.62%
2TREASURY 4.25% GILT 7/12/20277.68%
3TREASURY 1.5 GILT 22/01/21 GBP0.016.78%
4TREASURY 5% GILT 07/03/18 GBP6.78%
5TREASURY 3.75% GILT 07/09/21 GBP5.34%
6TREASURY 4% GILT 22/01/60 GBP0.014.58%
7UNITED STATES OF AMER TREAS BILLS 0.125% BDS 15/07/26 USD1004.13%
8TREASURY 4.25% GILT 07/06/2032 GBP0.014.01%
9TREASURY 4.25% GILT 07/03/36 GBP0.013.78%
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 invests mainly in bonds issued by the UK government across all maturities. The fund may also hold exposure to other government and non-government issuers. Government bonds can offer an alternative to equity markets, providing diversification in times of weaker risk appetite amongst investors. The fund will invest in bonds issued either in British pound or in another currency hedged back into British pound (to reduce or remove the risk of loss through currency movements). The fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The fund may use leverage and take indirect short positions.
Benchmark
  • IA UK Gilt Sector Average
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Paul Grainger31/07/2016Paul joined Gartmore in 1999 and is responsible for managing our gilt portfolios. His career began with BZW Securities, selling a wide varity of fixed income products. Paul subsequently moved to BGI, where he was responsible for trading and managing their fixed income index funds. Paul graduated from Exeter University in 1995 with a BA in Economics and European Studies. He has passed level II of the CFA examination.
James Lindsay-Fynn17/03/2016
Thomas Sartain28/01/2013Thomas Sartain is UK & European Money Market & Government Bond Fund Manager, based in London.He Joined Schroders in 2005 as fund manager’s assistant on the global fixed income desk. His Financial Markets career commenced in 2003 upon joining Royal Bank of Scotland. He has BA (Hons) degree in Management and Business Administration, University of Reading.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Schroder Gilt & Fixed Interest A Acc
Initial charge-
Annual charge0.5%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.57%
Total expense ratio (TER)0.57%
Bid price219.4
Offer price219.6
Mid price-
CurrencyGBX
Price updated24/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeUM31
Schroder Gilt & Fixed Interest A Inc
Initial charge-
Annual charge0.5%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.57%
Total expense ratio (TER)0.57%
Bid price66.47
Offer price66.53
Mid price-
CurrencyGBX
Price updated24/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeUM30
Schroder Gilt & Fixed Interest Z Acc
Initial charge-
Annual charge0.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price219.9
Offer price220.1
Mid price-
CurrencyGBX
Price updated24/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE2OL
Schroder Gilt & Fixed Interest Z Inc
Initial charge-
Annual charge0.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price66.62
Offer price66.68
Mid price-
CurrencyGBX
Price updated24/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE2OK
Data provided by

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