Fact sheet: Schroder ISF€CrAbsRet

Fund information
Fund name
Schroder ISF EURO Credit Absolute Return B Acc NAV EUR
Fund manager company
Schroder Investmt Mgt(LUX)S.A.
Fund type
Offshore Fund
Fund managers
  • European Credit Teamsince 11/11/2015
  • Patrick Vogelsince 11/11/2015
Fund objective
The fund aims to provide an absolute return by investing in bonds denominated in Euro issued by companies worldwide.Absolute return means the fund seeks to provide a positive return over a 12-month period in all market conditions, but this cannot be guaranteed and your capital is at risk.
Benchmark
  • EURIBOR 3 Month
Investment style
Absolute Return
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
FO Absolute Return
Yield
-
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.
1.86%
Fund size
£35m (£26m last year)
Top in this sector
Fund name1 Year
SW Mitchell Emerging European28.3%
SWMC UK23.5%
Polar Capital UK Abs Eq20.6%
F&C Ml Strat Gbl Eq17.5%
SWMC European16.8%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%1.3%1.5%---
Sector0.4%0.9%1.4%2.7%3.6%9.2%
Rank within sector65 / 14857 / 14853 / 138---
Quartile2nd2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund1.5%----
Sector1.4%0.7%0.7%1.2%3.6%
Rank within sector61 / 146----
Quartile2nd
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high104.43
52 week low101.9
Current bid price-
Current offer price-
Current mid price104.26
Region
No data available.
Industry sector
1BBB52.36%
2A26.27%
3BB15.16%
4Non-Rated2.41%
5AA2.11%
6Money Market1.04%
7B0.7%
8AAA-0.05%
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Schroders
Fund manager company
Schroder Investmt Mgt(LUX)S.A.
Fund type
Offshore Fund
Fund objective
The fund aims to provide an absolute return by investing in bonds denominated in Euro issued by companies worldwide.Absolute return means the fund seeks to provide a positive return over a 12-month period in all market conditions, but this cannot be guaranteed and your capital is at risk.
Benchmark
  • EURIBOR 3 Month
Investment style
Absolute Return
Investment method
Fixed Interest
Fund managers
NameSinceBiography
European Credit Team11/11/2015
Patrick Vogel11/11/2015Patrick started his investment career in 1994. He joined Schroders in August 2012. Prior to joining Schroders, Patrick worked at Legal & General Investment Management as Head of European Credit Portfolio Management from 2007. He also worked at Deutsche Bank as Senior Portfolio Manager from 2004, at Frankfurt-Trust as Portfolio Manager from 2000, at Patrick Vogel Bankberatung (Frankfurt am Main) as Consultant for banks in treasury management, asset management & financial innovations from 1999, at Baden-Wurttembergischen Bank AG, Stuttgart, as Global Trader from 1996, as Sales Trader at M.M. Warburg & Co from 1994. Partick graduated from Johann Wolfgang Goethe-Universitat, Frankfurt am Main with a Dipl-Kfm in Business Administration.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bulgaria, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Gibraltar, Greece, Hungary, Iceland, Italy, Luxembourg, Malta, Netherlands, Norway, Offshore, Poland, Portugal, Sweden
Schroder ISF EURO Credit Absolute Return A Acc EUR
Initial charge3%
Annual charge1.2%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.56%
Total expense ratio (TER)-
Bid price104.5084
Offer price107.7406
Mid price-
CurrencyEUR
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE08A
Schroder ISF EURO Credit Absolute Return A Acc NAV EUR
Initial charge3%
Annual charge1.2%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.56%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.5084
CurrencyEUR
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE07Z
Schroder ISF EURO Credit Absolute Return A Dis EUR
Initial charge3%
Annual charge1.2%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.56%
Total expense ratio (TER)-
Bid price102.1803
Offer price105.3405
Mid price-
CurrencyEUR
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE08C
Schroder ISF EURO Credit Absolute Return A Dis NAV EUR
Initial charge3%
Annual charge1.2%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.56%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.1803
CurrencyEUR
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE08B
Schroder ISF EURO Credit Absolute Return B Acc EUR
Initial charge-
Annual charge-
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)-
Bid price104.2617
Offer price104.2617
Mid price-
CurrencyEUR
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC05P
Schroder ISF EURO Credit Absolute Return B Acc NAV EUR
Initial charge-
Annual charge-
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.2617
CurrencyEUR
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC05Q
Schroder ISF EURO Credit Absolute Return B Dis EUR
Initial charge-
Annual charge-
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)-
Bid price102.3699
Offer price102.3699
Mid price-
CurrencyEUR
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeC05R
Schroder ISF EURO Credit Absolute Return B Dis NAV EUR
Initial charge-
Annual charge-
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.3699
CurrencyEUR
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeC05S
Schroder ISF EURO Credit Absolute Return C Acc EUR
Initial charge1%
Annual charge0.6%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)-
Bid price105.6202
Offer price106.6871
Mid price-
CurrencyEUR
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE08G
Schroder ISF EURO Credit Absolute Return C Acc NAV EUR
Initial charge1%
Annual charge0.6%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.6202
CurrencyEUR
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE08F
Schroder ISF EURO Credit Absolute Return C Dis EUR
Initial charge1%
Annual charge0.6%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)-
Bid price103.3107
Offer price104.3542
Mid price-
CurrencyEUR
Price updated27/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE08E
Schroder ISF EURO Credit Absolute Return C Dis NAV EUR
Initial charge1%
Annual charge0.6%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.3107
CurrencyEUR
Price updated27/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE08D
Schroder ISF EURO Credit Absolute Return I Acc EUR
Initial charge-
Annual charge-
Min single investment£5,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)0.12%
Total expense ratio (TER)-
Bid price106.7803
Offer price106.7803
Mid price-
CurrencyEUR
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE07Y
Schroder ISF EURO Credit Absolute Return I Acc NAV EUR
Initial charge-
Annual charge-
Min single investment£5,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)0.12%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.7803
CurrencyEUR
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE07X
Schroder ISF EURO Credit Absolute Return I Dis EUR
Initial charge-
Annual charge-
Min single investment£5,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)0.12%
Total expense ratio (TER)-
Bid price104.4039
Offer price104.4039
Mid price-
CurrencyEUR
Price updated27/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE07W
Schroder ISF EURO Credit Absolute Return I Dis NAV EUR
Initial charge-
Annual charge-
Min single investment£5,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)0.12%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.4039
CurrencyEUR
Price updated27/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE07V
Schroder ISF EURO Credit Absolute Return IZ Acc EUR
Initial charge-
Annual charge0.6%
Min single investment£100,000,000
Min regular saving£20,000,000
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)-
Bid price105.7227
Offer price105.7227
Mid price-
CurrencyEUR
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE08I
Schroder ISF EURO Credit Absolute Return IZ Acc NAV EUR
Initial charge-
Annual charge0.6%
Min single investment£100,000,000
Min regular saving£20,000,000
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.7227
CurrencyEUR
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE08H
Data provided by

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