Fact sheet: Schroder ISF EUR Gvt Bd

Fund information
Fund name
Schroder ISF EURO Government Bond A1 Acc NAV
Fund manager company
Schroder Investmt Mgt(LUX)S.A.
Fund type
Offshore Fund
Fund managers
  • Thomas Sartainsince 31/07/2012
  • James Lindsay-Fynnsince 31/07/2012
  • Paul Graingersince 25/08/2016
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
-2.1%
1 Year rank in sector
20/34
Sector
FO Fixed Int - EUR Government
Yield
0.8%
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.
1.15%
Fund size
£862m (£1,033m 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.
79
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Performance snapshot

Holdings snapshot

  • Italy28.1%
    France20.3%
    Spain12.6%
    Germany11.3%
    Netherlands8.5%
  • Government Bonds99.3%
    Others0.7%
  • Italian Fixed Interest28.1%
    French Fixed Interest20.3%
    Spanish Fixed Interest12.6%
    German Fixed Interest11.3%
    Dutch Fixed Interest8.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%-1.9%-4.9%-2.1%9.7%23%
Sector-0.3%-1.4%-5%-2.3%9.3%20.5%
Rank within sector12 / 3417 / 3325 / 3320 / 3424 / 3115 / 25
Quartile2nd3rd4th3rd4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund-2%2.3%0.9%11.8%1.7%
Sector-1.7%2.2%0.4%11.4%1%
Rank within sector18 / 3323 / 3217 / 3219 / 3013 / 26
Quartile3rd3rd3rd3rd2nd
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.
0.17
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.
1.01
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.
0.01
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%.
4.51
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.
0.83
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.
0.23
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.
0.97
Price movement
52 week high11.23
52 week low10.56
Current bid price-
Current offer price-
Current mid price10.64
Region
1Italy28.09%
2France20.26%
3Spain12.6%
4Germany11.27%
5Netherlands8.48%
6USA5.78%
7Belgium5%
8Austria4.16%
9Ireland2.55%
Industry sector
1Government Bonds99.35%
2Others0.65%
Asset type
1Italian Fixed Interest28.09%
2French Fixed Interest20.26%
3Spanish Fixed Interest12.6%
4German Fixed Interest11.27%
5Dutch Fixed Interest8.48%
6US Fixed Interest5.78%
7Belgian Fixed Interest5%
8Austrian Fixed Interest4.16%
9Irish Fixed Interest2.55%
Individual holdings
1FRANCE(GOVT OF) 2.25% BDS 25/05/24 EUR17.81%
2UNITED STATES OF AMER TREAS BILLS 0.125% BDS 15/07/26 USD1005.78%
3SPAIN(KINGDOM OF) 0.25% BDS 31/01/19 EUR10005.2%
4GERMANY(FEDERAL REPUBLIC OF) 0% TB 15/02/27 EUR10004.89%
5NETHERLANDS(KINGDOM OF) 2% BDS 15/07/24 EUR14.74%
6ITALY(REPUBLIC OF) 3.75% BDS 01/05/21 EUR10004.39%
7SPAIN(KINGDOM OF) 2.15% BDS 31/10/25 EUR10003.51%
8FRANCE(GOVT OF) 1% BDS 25/07/2017 EUR13.49%
9ITALY(REPUBLIC OF) 5% BDS 01/03/22 EUR10003.48%
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
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
Paul Grainger25/08/2016Paul Grainger joined Schroders in 2015 as a Senior Portfolio Manager in the Fixed Income team, based in London. His earlier career began in 1995 within the BZW Securities graduate training programme where he rotated through Fixed Income sales and trading and into asset management at Barclays Global Investors. In 1999 he moved to Gartmore as a Senior Portfolio Manager and then moved to F&C Asset Management in 2003. In 2006 he moved to Wellington Management as a Portfolio Manager and latterly in 2014, co-founded a financial technology firm named yoyoDATA before moving to Schroders in 2015. Paul graduated from Exeter University in 1995 with a B.A. in Economics and European Studies and he is a Member of the United Kingdom Society of investment professionals and 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, 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 price11.5086
Offer price11.8645
Mid price-
CurrencyEUR
Price updated23/03/2017
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 price11.5086
CurrencyEUR
Price updated23/03/2017
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 price6.7145
Offer price6.9222
Mid price-
CurrencyEUR
Price updated23/03/2017
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 price6.7145
CurrencyEUR
Price updated23/03/2017
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 price10.6385
Offer price10.8556
Mid price-
CurrencyEUR
Price updated23/03/2017
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 price10.6385
CurrencyEUR
Price updated23/03/2017
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 price10.4054
Offer price10.4054
Mid price-
CurrencyEUR
Price updated23/03/2017
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 price10.4054
CurrencyEUR
Price updated23/03/2017
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 price6.6702
Offer price6.6702
Mid price-
CurrencyEUR
Price updated23/03/2017
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 price6.6702
CurrencyEUR
Price updated23/03/2017
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 price12.3218
Offer price12.4463
Mid price-
CurrencyEUR
Price updated23/03/2017
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 price12.3218
CurrencyEUR
Price updated23/03/2017
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 price7.2007
Offer price7.2734
Mid price-
CurrencyEUR
Price updated23/03/2017
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 price7.2007
CurrencyEUR
Price updated23/03/2017
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 price13.1741
Offer price13.1741
Mid price-
CurrencyEUR
Price updated23/03/2017
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 price13.1741
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAXT3
Data provided by

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