Fact sheet: Schroder ISF€CrAbsRet

Fund information
Fund name
Schroder ISF EURO Credit Absolute Return A Acc NAV EUR
Fund manager company
Schroder Investmt Mgt(LUX)S.A.
Fund type
Offshore Fund
Fund managers
  • Patrick Vogelsince 11/11/2015
  • European Credit Teamsince 11/11/2015
Fund objective
The Fund aims to provide an absolute return by investing in fixed and floating rate securities 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
2.5%
1 Year rank in sector
34/131
Sector
FO Absolute Return
Yield
0.2%
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.
1.56%
Fund size
£35m (£25m last year)
Top in this sector
Fund name1 Year
SW Mitchell Emerging European16.7%
Pioneer SICV-AbsRetBd16.1%
Pictet Scv II Dyn Ass Alloc11.2%
Orbis Optimal SA9.3%
Polar Capital UK Abs Eq9%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%-0.4%1.1%2.5%--
Sector0%-0.5%0.6%0%2.7%9.8%
Rank within sector96 / 14080 / 14052 / 13834 / 131--
Quartile3rd3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund2.5%----
Sector0.3%0.7%1.2%3.6%3.9%
Rank within sector36 / 131----
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.
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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.
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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%.
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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.
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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.
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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.
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Price movement
52 week high103.04
52 week low98.46
Current bid price-
Current offer price-
Current mid price102.45
Region
No data available.
Industry sector
1BBB40.57%
2A25.45%
3BB12.17%
4AA11.06%
5Money Market7.8%
6Non-Rated2.58%
7B0.28%
8AAA0.09%
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 fixed and floating rate securities 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
Patrick Vogel11/11/2015– Investment career started in 1994 – Joined Schroders in August 2012 – Prior to joining Schroders Patrick worked for the following companies: - 2007 – Legal & General Investment Management, Head of European Credit Portfolio Management - 2004 – Deutsche Bank, Senior Portfolio Manager - 2000 – Frankfurt-Trust, Portfolio Manager - 1999 – Patrick Vogel Bankberatung (Frankfurt am Main.), Consultant for banks in treasury management, asset management & financial innovations - 1996 – Baden-Wurttembergischen Bank AG Stuttgart, Global Trader - 1994 - M.M. Warburg & Co. Trader Sales – Dipl-Kfm, Business Administration from Johann Wolfgang Goethe-Universitat Frankfurt am Main
European Credit Team11/11/2015
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, 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 price102.4513
Offer price105.6199
Mid price-
CurrencyEUR
Price updated08/12/2016
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 price102.4513
CurrencyEUR
Price updated08/12/2016
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 price100.9968
Offer price104.1204
Mid price-
CurrencyEUR
Price updated08/12/2016
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 price100.9968
CurrencyEUR
Price updated08/12/2016
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)2.06%
Total expense ratio (TER)-
Bid price102.327
Offer price102.327
Mid price-
CurrencyEUR
Price updated08/12/2016
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)2.06%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.327
CurrencyEUR
Price updated08/12/2016
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)2.06%
Total expense ratio (TER)-
Bid price101.1954
Offer price101.1954
Mid price-
CurrencyEUR
Price updated08/12/2016
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)2.06%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.1954
CurrencyEUR
Price updated08/12/2016
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 price103.2637
Offer price104.3068
Mid price-
CurrencyEUR
Price updated08/12/2016
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 price103.2637
CurrencyEUR
Price updated08/12/2016
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 price101.8035
Offer price102.8318
Mid price-
CurrencyEUR
Price updated08/12/2016
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 price101.8035
CurrencyEUR
Price updated08/12/2016
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)0.1%
Total expense ratio (TER)-
Bid price104.1022
Offer price104.1022
Mid price-
CurrencyEUR
Price updated08/12/2016
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)0.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.1022
CurrencyEUR
Price updated08/12/2016
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)0.1%
Total expense ratio (TER)-
Bid price102.6084
Offer price102.6084
Mid price-
CurrencyEUR
Price updated08/12/2016
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)0.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.6084
CurrencyEUR
Price updated08/12/2016
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)0.79%
Total expense ratio (TER)-
Bid price103.3127
Offer price103.3127
Mid price-
CurrencyEUR
Price updated08/12/2016
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)0.79%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.3127
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE08H
Data provided by

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