Fact sheet: Schroder ISF EurpnDiv Max

Fund information
Fund name
Schroder ISF European Dividend Maximiser Z Acc EUR
Fund manager company
Schroder Investmt Mgt(LUX)S.A.
Fund type
Offshore Fund
Fund managers
  • Andrew Lyddonsince 30/04/2016
  • Ian Kellysince 05/10/2007
  • Mike Hodgsonsince 30/04/2016
  • Andrew Evanssince 30/04/2016
Fund objective
To provide income and capital growth primarily through investment in equity and equity related securities of European companies. The Fund will also selectively enter into option contracts to generate additional income, as more fully described below. To enhance the yield of the Fund, the Investment Manager will selectively sell short dated call options over individual securities held by the Fund, in order to generate extra income by effectively agreeing target 'strike' prices at which those securities will be sold in the future. The Investment Manager is also permitted to sell put options on securities to be bought in the future, at target prices that are pre-set below the current market level.
Benchmark
  • MSCI Europe (Net) Index
Investment style
None
Investment method
Shares
Quick stats
1 Year return
8.2%
1 Year rank in sector
-
Sector
FO Equity - Europe inc UK
Yield
4.2%
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.
1.06%
Fund size
£1,153m (£1,413m 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.
95
Top in this sector
Fund name1 Year
SPL Parallel Private Equity IC46.9%
EP Pan European Opportunities33%
GS Eur CORE Eq Portfolio32%
EDRF Eur Synrg31.5%
IVI European31.4%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • UK41.4%
    France15.9%
    Italy7.9%
    Belgium7.4%
    Germany5.1%
  • Financials33.4%
    Utilities12.8%
    Energy12.5%
    Industrials11.3%
    Consumer Staples10.1%
  • UK Equities41.4%
    French Equities15.9%
    Italian Equities7.9%
    Belgian Equities7.4%
    German Equities5.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.7%0.6%9.1%8.2%11.5%51.5%
Sector3.2%6.2%12.4%12.4%22.2%64%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund1.3%3.1%3.9%4.3%21.3%
Sector7.9%-0.6%11.1%4.2%21.1%
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.
-1.59
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.
0.89
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%.
11.73
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.
4.32
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.
-0.51
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.
0.87
Price movement
52 week high120
52 week low97.87
Current bid price119.59
Current offer price119.59
Current mid price-
Region
1UK41.36%
2France15.9%
3Italy7.91%
4Belgium7.39%
5Germany5.08%
6Spain3.72%
7Norway3.69%
8Finland3.55%
9Poland2.64%
Industry sector
1Financials33.38%
2Utilities12.8%
3Energy12.54%
4Industrials11.33%
5Consumer Staples10.06%
6Telecommunications Utilities7.79%
7Health Care5.15%
8Consumer Discretionary4.15%
9Others1.53%
Asset type
1UK Equities41.36%
2French Equities15.9%
3Italian Equities7.91%
4Belgian Equities7.39%
5German Equities5.08%
6Spanish Equities3.72%
7Norwegian Equities3.69%
8Money Market3.57%
9Finnish Equities3.55%
Individual holdings
1CENTRICA PLC5.54%
2MORRISON(WM.)SUPERMARKETS5.4%
3HSBC HLDGS4.89%
4TESCO4.66%
5SANOFI4.48%
6ENI4.15%
7BNP PARIBAS4.02%
8BP3.87%
9AGEAS3.78%
Management
Fund manager group
Schroders
Fund manager company
Schroder Investmt Mgt(LUX)S.A.
Fund type
Offshore Fund
Fund objective
To provide income and capital growth primarily through investment in equity and equity related securities of European companies. The Fund will also selectively enter into option contracts to generate additional income, as more fully described below. To enhance the yield of the Fund, the Investment Manager will selectively sell short dated call options over individual securities held by the Fund, in order to generate extra income by effectively agreeing target 'strike' prices at which those securities will be sold in the future. The Investment Manager is also permitted to sell put options on securities to be bought in the future, at target prices that are pre-set below the current market level.
Benchmark
  • MSCI Europe (Net) Index
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Andrew Lyddon30/04/2016Andrew Lyddon, CFA Joined Schroders in 2005 as an Equity Analyst within the Pan-European research team. He founding member of the Global Value Team in 2013. He co-manager of Schroder ISF Global Recovery and co-manager of a number of institutional UK Value portfolios. Previously he was sector analyst responsible for Telecoms, Construction and Support Services. He is Chartered Financial Analyst and has completed MSc in Intellectual Property Law, Queen Mary College. Degree in Chemistry, Bath University.
Ian Kelly05/10/2007Ian joined Schroders in 2007 as an equity analyst and now manages the Schroder ISF European Equity Yield, Schroder Global Equity Income Fund and Schroder ISF Global Equity Yield. Ian completed a PhD in Biophysics at Newcastle University and a Masters degree in Investment Management at Cass Business School, London. He is also a Chartered Financial Analyst (CFA) charter holder.
Mike Hodgson30/04/2016Mike Hodgson is Head of Risk Managed Investments & Structuring at Schroders and has over 25 years of experience in financial markets. At Royal Bank of Scotland (formerly of ABN AMRO) he was Global Head of Equity Derivatives Structuring and Head of Fund Derivatives Trading and Structuring.
Andrew Evans30/04/2016Andrew Evans, CFA Joined Schroders in June 2015 as a member of the Global Value Team. Prior to Schroders, Andrew worked at Threadneedle, responsible for the UK research process. His investment career commenced in 2001 at Dresdner Kleinwort as a Pan-European transport analyst. He is Chartered Financial Analyst and has completed Degree in Economics, Exeter University.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Distributor Status, IA Recognised, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bulgaria, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Gibraltar, Greece, Hong Kong, Hungary, Ireland, Iceland, Italy, Republic Of Korea, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Poland, Portugal, Singapore, Sweden, Taiwan - Province Of China
Schroder ISF European Dividend Maximiser A Acc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.93%
Bid price111.2688
Offer price117.1251
Mid price-
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA6F6
Schroder ISF European Dividend Maximiser A AccNV
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price111.2688
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAXU0
Schroder ISF European Dividend Maximiser A Dis
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.93%
Bid price52.5802
Offer price55.3476
Mid price-
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA6G1
Schroder ISF European Dividend Maximiser A DisNV
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price52.5802
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAXU1
Schroder ISF European Dividend Maximiser A Hedged Dis NAV SGD
Initial charge5%
Annual charge1.5%
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 price131.5062
CurrencySGD
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFVPF
Schroder ISF European Dividend Maximiser A Hedged Dis NAV USD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price89.0065
CurrencyUSD
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFJ3T
Schroder ISF European Dividend Maximiser A Hedged Dis SGD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)-
Bid price131.5062
Offer price138.4276
Mid price-
CurrencySGD
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFVPE
Schroder ISF European Dividend Maximiser A Hedged Dis USD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.93%
Bid price89.0065
Offer price93.6911
Mid price-
CurrencyUSD
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFJ3D
Schroder ISF European Dividend Maximiser A1 Acc
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.36%
Total expense ratio (TER)2.43%
Bid price106.5817
Offer price111.0226
Mid price-
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA6F9
Schroder ISF European Dividend Maximiser A1 Acc NAV
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.36%
Total expense ratio (TER)2.43%
Bid price-
Offer price-
Mid price106.5817
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAXU2
Schroder ISF European Dividend Maximiser A1 Dis
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.36%
Total expense ratio (TER)2.43%
Bid price50.4087
Offer price52.5091
Mid price-
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA6G4
Schroder ISF European Dividend Maximiser A1 DisNV
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.36%
Total expense ratio (TER)2.43%
Bid price-
Offer price-
Mid price50.4087
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAXU3
Schroder ISF European Dividend Maximiser AX Dis EUR
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)-
Bid price53.324
Offer price56.1305
Mid price-
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFRMW
Schroder ISF European Dividend Maximiser AX Dis NAV EUR
Initial charge5%
Annual charge1.5%
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 price53.324
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFRMV
Schroder ISF European Dividend Maximiser B Acc
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.46%
Total expense ratio (TER)2.53%
Bid price105.0429
Offer price105.0429
Mid price-
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA6F7
Schroder ISF European Dividend Maximiser B Acc NAV
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.46%
Total expense ratio (TER)2.53%
Bid price-
Offer price-
Mid price105.0429
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAXU4
Schroder ISF European Dividend Maximiser B Dis
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.46%
Total expense ratio (TER)2.53%
Bid price49.6746
Offer price49.6746
Mid price-
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA6G2
Schroder ISF European Dividend Maximiser B DisNV
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.46%
Total expense ratio (TER)2.53%
Bid price-
Offer price-
Mid price49.6746
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAXU5
Schroder ISF European Dividend Maximiser C Acc
Initial charge1%
Annual charge1%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.31%
Total expense ratio (TER)1.33%
Bid price118.4516
Offer price119.6481
Mid price-
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeA6F8
Schroder ISF European Dividend Maximiser C AccNV
Initial charge1%
Annual charge1%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.31%
Total expense ratio (TER)1.33%
Bid price-
Offer price-
Mid price118.4516
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAXU6
Schroder ISF European Dividend Maximiser C Dis
Initial charge1%
Annual charge1%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.31%
Total expense ratio (TER)1.33%
Bid price56.0105
Offer price56.5763
Mid price-
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeA6G3
Schroder ISF European Dividend Maximiser C DisNV
Initial charge1%
Annual charge1%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.31%
Total expense ratio (TER)1.33%
Bid price-
Offer price-
Mid price56.0105
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeAXU7
Schroder ISF European Dividend Maximiser I Acc
Initial charge-
Annual charge-
Min single investment£5,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)0.07%
Total expense ratio (TER)0.08%
Bid price133.204
Offer price133.204
Mid price-
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeA6G0
Schroder ISF European Dividend Maximiser I AccNV
Initial charge-
Annual charge-
Min single investment£5,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)0.07%
Total expense ratio (TER)0.08%
Bid price-
Offer price-
Mid price133.204
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAXU8
Schroder ISF European Dividend Maximiser I Inc EUR
Initial charge-
Annual charge-
Min single investment£5,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price133.1975
Offer price133.1975
Mid price-
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNTSF
Schroder ISF European Dividend Maximiser I Inc NAV EUR
Initial charge-
Annual charge-
Min single investment£5,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price133.1975
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNTSG
Schroder ISF European Dividend Maximiser Z Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£100,000,000
Min regular saving£20,000,000
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.08%
Bid price119.5928
Offer price119.5928
Mid price-
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCSN
Schroder ISF European Dividend Maximiser Z Acc NAV EUR
Initial charge-
Annual charge0.75%
Min single investment£100,000,000
Min regular saving£20,000,000
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price119.5928
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCSP
Schroder ISF European Dividend Maximiser Z Dis EUR
Initial charge-
Annual charge0.75%
Min single investment£100,000,000
Min regular saving£20,000,000
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.08%
Bid price58.8849
Offer price58.8849
Mid price-
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFCSO
Schroder ISF European Dividend Maximiser Z Dis NAV EUR
Initial charge-
Annual charge0.75%
Min single investment£100,000,000
Min regular saving£20,000,000
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price58.8849
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFCSQ
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.