Fact sheet: Schroder ISF EUR Gvt Bd

Fund information
Fund name
Schroder ISF EURO Government Bond A Acc NAV
Fund manager company
Schroder Investmt Mgt(LUX)S.A.
Fund type
Offshore Fund
Fund managers
  • Paul Graingersince 25/08/2016
  • Thomas Sartainsince 31/07/2012
  • James Lindsay-Fynnsince 31/07/2012
Fund objective
To provide a return of capital growth and income primarily through investment in a portfolio of bonds and other fixed and floating rate securities issued by Eurozone governments and financial derivative instruments (including total return swaps). Where the Fund uses total return swaps, the underlying consists of instruments in which the Fund may invest according to its Investment Objective. The Fund also has the flexibility to implement active currency positions either via currency forwards or via the above instruments.
Benchmark
  • Bank of America Merrill Lynch Euro Direct Government Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-1%
1 Year rank in sector
-
Sector
FO Fixed Int - EUR Government
Yield
1.3%
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.
0.6%
Fund size
£905m (£898m 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.
77
Top in this sector
Fund name1 Year
BlueBay Inv Gr Eur Agg5%
BlueBay Inv Grd € Govt Bd3.3%
JI Income Strategy CL1.9%
DPAM L Bonds Govt Sust-0%
Blackrock UltrHi QltyEurGvBdIdx-0.2%
...more in FO Fixed Int - EUR Government

Performance snapshot

Holdings snapshot

  • Italy29%
    France20.8%
    Spain13.3%
    Germany12.2%
    USA5.4%
  • Government Bonds98.2%
    Others1.8%
  • Italian Fixed Interest29%
    French Fixed Interest20.8%
    Spanish Fixed Interest13.3%
    German Fixed Interest12.2%
    US Fixed Interest5.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%-1.2%-4.8%-1%12.4%26.9%
Sector-0.5%-1.5%-5.2%-1.7%10.1%21.1%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund-1.9%2.9%1.4%12.3%2.4%
Sector-1.6%2.2%0.4%11.4%1%
Rank within sector-----
Quartile
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.
0.59
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.
1
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.
0.11
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%.
4.49
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.
0.87
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.
0.68
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.
0.96
Price movement
52 week high12.11
52 week low11.43
Current bid price-
Current offer price-
Current mid price11.51
Region
1Italy28.97%
2France20.76%
3Spain13.29%
4Germany12.17%
5USA5.4%
6Belgium5.15%
7Netherlands4.95%
8Austria4.84%
9Ireland2.55%
Industry sector
1Government Bonds98.23%
2Others1.77%
Asset type
1Italian Fixed Interest28.97%
2French Fixed Interest20.76%
3Spanish Fixed Interest13.29%
4German Fixed Interest12.17%
5US Fixed Interest5.4%
6Belgian Fixed Interest5.15%
7Dutch Fixed Interest4.95%
8Austrian Fixed Interest4.84%
9Irish Fixed Interest2.55%
Individual holdings
1FRANCE(GOVT OF) 2.25% BDS 25/05/24 EUR18.48%
2GERMANY(FEDERAL REPUBLIC OF) 0% TB 15/02/27 EUR10006.4%
3UNITED STATES OF AMER TREAS BILLS 0.125% BDS 15/07/26 USD1005.4%
4SPAIN(KINGDOM OF) 0.25% BDS 31/01/19 EUR10004.96%
5ITALY(REPUBLIC OF) 3.75% BDS 01/05/21 EUR10004.17%
6ITALY(REPUBLIC OF) 1.5% BDS 06/01/25 EUR10003.73%
7FRANCE(GOVT OF) 1% BDS 25/07/2017 EUR13.55%
8ITALY(REPUBLIC OF) 5% BDS 01/03/22 EUR10003.31%
9AUSTRIA(REPUBLIC OF) 0% TB 15/07/23 EUR1000REG S3.01%
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 and income primarily through investment in a portfolio of bonds and other fixed and floating rate securities issued by Eurozone governments and financial derivative instruments (including total return swaps). Where the Fund uses total return swaps, the underlying consists of instruments in which the Fund may invest according to its Investment Objective. The Fund also has the flexibility to implement active currency positions either via currency forwards or via the above instruments.
Benchmark
  • Bank of America Merrill Lynch Euro Direct Government Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Paul Grainger25/08/2016Paul 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.
Thomas Sartain31/07/2012Thomas 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.
James Lindsay-Fynn31/07/2012
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, Hong Kong, Hungary, Italy, Republic Of Korea, Luxembourg, Macau, Netherlands, Norway, Offshore, Peru, Poland, Portugal, Singapore, Sweden, Taiwan - Province Of China
Schroder ISF EURO Government Bond A Acc
Initial charge3%
Annual charge0.4%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.62%
Bid price11.5111
Offer price11.8671
Mid price-
CurrencyEUR
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSS80
Schroder ISF EURO Government Bond A Acc NAV
Initial charge3%
Annual charge0.4%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.62%
Bid price-
Offer price-
Mid price11.5111
CurrencyEUR
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAXS6
Schroder ISF EURO Government Bond A Dis
Initial charge3%
Annual charge0.4%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.62%
Bid price6.7159
Offer price6.9236
Mid price-
CurrencyEUR
Price updated22/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeS162
Schroder ISF EURO Government Bond A Dis NAV
Initial charge3%
Annual charge0.4%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.62%
Bid price-
Offer price-
Mid price6.7159
CurrencyEUR
Price updated22/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAXS7
Schroder ISF EURO Government Bond A1 Acc
Initial charge2%
Annual charge0.4%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.17%
Bid price10.6455
Offer price10.8628
Mid price-
CurrencyEUR
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIZ46
Schroder ISF EURO Government Bond A1 Acc NAV
Initial charge2%
Annual charge0.4%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.17%
Bid price-
Offer price-
Mid price10.6455
CurrencyEUR
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAXS8
Schroder ISF EURO Government Bond B Acc
Initial charge-
Annual charge0.4%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.12%
Bid price10.4119
Offer price10.4119
Mid price-
CurrencyEUR
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSS81
Schroder ISF EURO Government Bond B Acc NAV
Initial charge-
Annual charge0.4%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.12%
Bid price-
Offer price-
Mid price10.4119
CurrencyEUR
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAXS9
Schroder ISF EURO Government Bond B Dis
Initial charge-
Annual charge0.4%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.12%
Bid price6.6743
Offer price6.6743
Mid price-
CurrencyEUR
Price updated22/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeSH42
Schroder ISF EURO Government Bond B Dis NAV
Initial charge-
Annual charge0.4%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.12%
Bid price-
Offer price-
Mid price6.6743
CurrencyEUR
Price updated22/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAXT0
Schroder ISF EURO Government Bond C Acc
Initial charge1%
Annual charge0.2%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.35%
Total expense ratio (TER)0.37%
Bid price12.322
Offer price12.4465
Mid price-
CurrencyEUR
Price updated22/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeSS82
Schroder ISF EURO Government Bond C Acc NAV
Initial charge1%
Annual charge0.2%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.35%
Total expense ratio (TER)0.37%
Bid price-
Offer price-
Mid price12.322
CurrencyEUR
Price updated22/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAXT1
Schroder ISF EURO Government Bond C Dis
Initial charge1%
Annual charge0.2%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.35%
Total expense ratio (TER)0.37%
Bid price7.2008
Offer price7.2735
Mid price-
CurrencyEUR
Price updated22/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeSH22
Schroder ISF EURO Government Bond C Dis NAV
Initial charge1%
Annual charge0.2%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.35%
Total expense ratio (TER)0.37%
Bid price-
Offer price-
Mid price7.2008
CurrencyEUR
Price updated22/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeAXT2
Schroder ISF EURO Government Bond I Acc
Initial charge-
Annual charge-
Min single investment£5,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)0.07%
Bid price13.1713
Offer price13.1713
Mid price-
CurrencyEUR
Price updated22/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeUV50
Schroder ISF EURO Government Bond I Acc NAV
Initial charge-
Annual charge-
Min single investment£5,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)0.07%
Bid price-
Offer price-
Mid price13.1713
CurrencyEUR
Price updated22/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAXT3
Data provided by

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