Fact sheet: Schroder ISF Asn ConBd

Fund information
Fund name
Schroder ISF Asian Convertible Bond A Acc NAV USD
Fund manager company
Schroder Investmt Mgt(LUX)S.A.
Fund type
Offshore Fund
Fund managers
  • Peter Reinmuthsince 29/11/2013
  • Chris Richardssince 29/11/2013
Fund objective
To provide a return of capital growth primarily through investment in a portfolio of convertible securities and other similar transferable securities, such as convertible preference securities, exchangeable bonds or exchangeable medium term notes, issued by corporate issuers in Asia excluding Japan. The portfolio may also, to a limited extent, seek exposure to fixed and floating rate securities, equity securities and equity linked notes
Benchmark
  • THOMSON REUTERS Convertible Bond Asia ex-Japan
Investment style
None
Investment method
Convertibles
Quick stats
1 Year return
4.1%
1 Year rank in sector
44/73
Sector
FO Convertible
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.
1.68%
Fund size
£110m (£115m 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.
43
Top in this sector
Fund name1 Year
Man Convertibles Am20.8%
Franklin Gl Cnvtl Secrts14.5%
CQS Global Convertible UCITS13%
Calamos Gbl Convtl Opps11.2%
Oaktree OaktreGbCnvBd11.1%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • Cayman Islands25.5%
    China21.2%
    British Virgin Islands11.5%
    Not Specified10.2%
    Bermuda7.6%
  • Industrials72.3%
    Utilities12.8%
    Financials11.1%
    Others3.8%
  • American Emerging Fixed Interest37%
    Chinese Fixed Interest21.2%
    North American Fixed Interest7.6%
    Hong Kong Fixed Interest7.6%
    Global Fixed Interest6.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%-1.1%1.7%4.1%8.3%24.4%
Sector1%1.9%3.2%4.9%5.8%29.8%
Rank within sector49 / 7369 / 7364 / 7344 / 7324 / 6139 / 50
Quartile3rd4th4th3rd2nd4th
Calendar performance
 YTD - 20172016201520142013
Fund-0%0.6%6.2%1.5%3.9%
Sector0.7%0.7%2.9%2.3%11.7%
Rank within sector69 / 7336 / 7211 / 6746 / 6152 / 54
Quartile4th2nd1st4th4th
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.
0.92
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.
0.98
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
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%.
7.54
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.
5.04
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.
0.15
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.
0.54
Price movement
52 week high125.31
52 week low115.61
Current bid price-
Current offer price-
Current mid price122.82
Region
1Cayman Islands25.52%
2China21.15%
3British Virgin Islands11.5%
4Not Specified10.17%
5Bermuda7.58%
6Hong Kong7.57%
7Taiwan5.12%
8Malaysia4.14%
9Singapore2.12%
Industry sector
1Industrials72.33%
2Utilities12.83%
3Financials11.07%
4Others3.78%
Asset type
1American Emerging Fixed Interest37.02%
2Chinese Fixed Interest21.15%
3North American Fixed Interest7.58%
4Hong Kong Fixed Interest7.57%
5Global Fixed Interest6.39%
6Taiwanese Fixed Interest5.12%
7Malaysian Fixed Interest4.14%
8Others2.88%
9Singapore Fixed Interest2.12%
Individual holdings
1CRRC CORP LTD 0% CNV BDS 05/02/21 USD600000000 REG S7.47%
2CHINA RAILWAY CONSTRUCTION CORP 0% CNV BDS 29/01/21 USD250000REG S6.19%
3SHENZHOU INTERNATIONAL GROUP HLDGS 0.5% CNV BDS 18/06/19 HKD20000005.74%
4KUNLUN ENERGY CO LTD 1.625% CNV BDS 25/07/19 USD10005.44%
5HAITONG INTL SECURITIES GROUP LTD 0% CNV BDS 25/10/19 HKD2000000REG S5.27%
6BAGAN CAPITAL LTD 0% CNV BDS 23/09/21 USD10004.74%
7CHINA YANGTZE PWR INT BV 0% CNV BDS 09/11/21 USD2000004.67%
8SEMICONDUCTOR MANUFACTURING INTL CO 0% CNV BDS 30/06/22 USD250000 REG S4.52%
9CROTONA ASSETS LTD 4% CNV BDS 14/04/19 USD2000003.92%
Management
Fund manager group
Schroders
Fund manager company
Schroder Investmt Mgt(LUX)S.A.
Fund type
Offshore Fund
Fund objective
To provide a return of capital growth primarily through investment in a portfolio of convertible securities and other similar transferable securities, such as convertible preference securities, exchangeable bonds or exchangeable medium term notes, issued by corporate issuers in Asia excluding Japan. The portfolio may also, to a limited extent, seek exposure to fixed and floating rate securities, equity securities and equity linked notes
Benchmark
  • THOMSON REUTERS Convertible Bond Asia ex-Japan
Investment style
None
Investment method
Convertibles
Fund managers
NameSinceBiography
Peter Reinmuth29/11/2013Peter Reinmuth graduated from the University of Zurich with a degree in management and was later awarded a doctorate with a thesis on Barrier Options. Since 1996, he has worked for Julius Bar Asset Management AG, Schroder Munchmeyer, Hengst & Co., Deutsche Bank AG and Wegelin & Co. In 1999 he joined Julius Bär Asset Management AG and took over the responsibility for their European Warrant Fund, Inc. in the function of Investment officer. In April 2002, he was made manager of the Julius Bar Global Convert Bond Fund and in October 2002 chief investment officer of the European Warrant Fund. He moved to Swisscanto Asset Management in 2005 where he was responsible for several global bond portfolios as well as the Swisscanto Bond Fund Convertible International. Furthermore, he was responsible for the investment strategy of international convertible bond portfolios. In 2008 Peter joined Fisch Asset Management where besides running several funds and segregated accounts, he was lead portfolio manager for two Schroders convertible funds. Peter moved to Schroders in November 2013 to head the Schroders convertible team.
Chris Richards29/11/2013Chris Richards joined Schroders as a graduate trainee in 2008, based within the Global Fixed Income team. He graduated from the University of Nottingham with an LLB in Law, focused on Corporate Insolvency and Company Law. In 2011, he was seconded to report to the Executive Vice Chairman of Schroders (and Global Head of Distribution) as a strategy analyst. In November 2013, Chris joined the Convertibles team as an analyst. Chris is a CFA Charterholder.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Distributor Status, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bulgaria, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Gibraltar, Greece, Hungary, Italy, Luxembourg, Netherlands, Norway, Offshore, Poland, Portugal, Singapore, Sweden, Taiwan - Province Of China
Schroder ISF Asian Convertible Bond A Acc NAV USD
Initial charge3%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price122.8175
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEKU0
Schroder ISF Asian Convertible Bond A Acc USD
Initial charge3%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.7%
Bid price122.8175
Offer price126.616
Mid price-
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBEV1
Schroder ISF Asian Convertible Bond A Hedged Acc CHF
Initial charge3%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.7%
Bid price115.2383
Offer price118.8024
Mid price-
CurrencyCHF
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIIM6
Schroder ISF Asian Convertible Bond A Hedged Acc EUR
Initial charge3%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.7%
Bid price120.5552
Offer price124.2837
Mid price-
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBKL9
Schroder ISF Asian Convertible Bond A Hedged Acc GBP
Initial charge3%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.7%
Bid price129.1727
Offer price133.1677
Mid price-
CurrencyGBP
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIDU9
Schroder ISF Asian Convertible Bond A Hedged Acc NAV CHF
Initial charge3%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price115.2383
CurrencyCHF
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ1C1
Schroder ISF Asian Convertible Bond A Hedged Acc NAV EUR
Initial charge3%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price120.5552
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEKU5
Schroder ISF Asian Convertible Bond A Hedged Acc NAV GBP
Initial charge3%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price129.1727
CurrencyGBP
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIDV0
Schroder ISF Asian Convertible Bond A1 Hedged EUR
Initial charge2%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.03%
Total expense ratio (TER)2.05%
Bid price116.9741
Offer price119.3613
Mid price-
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBKM0
Schroder ISF Asian Convertible Bond A1 Hedged NAV EUR
Initial charge2%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.03%
Total expense ratio (TER)2.05%
Bid price-
Offer price-
Mid price116.9741
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEKU6
Schroder ISF Asian Convertible Bond A1 Hedged NAV PLN
Initial charge2%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.03%
Total expense ratio (TER)2.05%
Bid price-
Offer price-
Mid price509.1547
CurrencyPLN
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ5L6
Schroder ISF Asian Convertible Bond A1 Hedged PLN
Initial charge2%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.03%
Total expense ratio (TER)2.05%
Bid price509.1547
Offer price519.5456
Mid price-
CurrencyPLN
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ5L5
Schroder ISF Asian Convertible Bond A1 NAV USD
Initial charge2%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.03%
Total expense ratio (TER)2.05%
Bid price-
Offer price-
Mid price119.156
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEKU1
Schroder ISF Asian Convertible Bond A1 USD
Initial charge2%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.03%
Total expense ratio (TER)2.05%
Bid price119.156
Offer price121.5878
Mid price-
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBEV2
Schroder ISF Asian Convertible Bond B Hedged EUR
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.18%
Total expense ratio (TER)2.2%
Bid price115.47
Offer price115.47
Mid price-
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBKM1
Schroder ISF Asian Convertible Bond B Hedged NAV EUR
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.18%
Total expense ratio (TER)2.2%
Bid price-
Offer price-
Mid price115.47
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEKU7
Schroder ISF Asian Convertible Bond B NAV USD
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.18%
Total expense ratio (TER)2.2%
Bid price-
Offer price-
Mid price117.5638
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEKU2
Schroder ISF Asian Convertible Bond B USD
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.18%
Total expense ratio (TER)2.2%
Bid price117.5638
Offer price117.5638
Mid price-
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBEV3
Schroder ISF Asian Convertible Bond C Hedged CHF
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.1%
Bid price120.0786
Offer price121.2915
Mid price-
CurrencyCHF
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI0Z5
Schroder ISF Asian Convertible Bond C Hedged EUR
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.1%
Bid price127.226
Offer price128.5111
Mid price-
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBKM2
Schroder ISF Asian Convertible Bond C Hedged GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.1%
Bid price134.7503
Offer price136.1114
Mid price-
CurrencyGBP
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ0Z7
Schroder ISF Asian Convertible Bond C Hedged NAV CHF
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price120.0786
CurrencyCHF
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeHWT0
Schroder ISF Asian Convertible Bond C Hedged NAV EUR
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price127.226
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEKU8
Schroder ISF Asian Convertible Bond C Hedged NAV GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price134.7503
CurrencyGBP
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGLE4
Schroder ISF Asian Convertible Bond C NAV USD
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price129.5834
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEKU3
Schroder ISF Asian Convertible Bond C USD
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.1%
Bid price129.5834
Offer price130.8923
Mid price-
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBEV4
Schroder ISF Asian Convertible Bond I Hedged EUR
Initial charge-
Annual charge-
Min single investment£5,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)0.08%
Total expense ratio (TER)0.1%
Bid price138.8362
Offer price138.8362
Mid price-
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBKM3
Schroder ISF Asian Convertible Bond I Hedged NAV EUR
Initial charge-
Annual charge-
Min single investment£5,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)0.08%
Total expense ratio (TER)0.1%
Bid price-
Offer price-
Mid price138.8362
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEKU9
Schroder ISF Asian Convertible Bond I NAV USD
Initial charge-
Annual charge-
Min single investment£5,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)0.08%
Total expense ratio (TER)0.1%
Bid price-
Offer price-
Mid price141.5547
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEKU4
Schroder ISF Asian Convertible Bond I USD
Initial charge-
Annual charge-
Min single investment£5,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)0.08%
Total expense ratio (TER)0.1%
Bid price141.5547
Offer price141.5547
Mid price-
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBEV5
Data provided by

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