Fact sheet: Schroder ISF Gbl Rec

Fund information
Fund name
Schroder ISF Global Recovery C Acc Nav GBP
Fund manager company
Schroder Investmt Mgt(LUX)S.A.
Fund type
Offshore Fund
Fund managers
  • Nick Kirragesince 09/10/2013
  • Kevin Murphysince 09/10/2013
  • Andrew Lyddonsince 09/10/2013
Fund objective
The fund aims to provide capital growth by investing in equities of companies worldwide that have suffered a severe set back in either share price or profitability. The fund invests at least two-thirds of its assets in equities of companies worldwide.The fund applies a disciplined value investment approach, seeking to invest in a select portfolio of securities that are significantly undervalued relative to their long-term earnings potential.Recovery investments can be out of favour for many reasons, including weak short-term profitability, macro-economic concerns or an under strength balance sheet. These factors can significantly reduce the attractiveness of companies to short term investors and induce discounts to fair value. Our recovery investment approach seeks to exploit this in a diversified manner.The fund may invest directly in China B-Shares and China H-Shares and may invest up to 10% of its assets in China A-Shares through Shanghai-Hong Kong Stock Connect.The fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the fund more efficiently. The fund may also hold cash.
Benchmark
  • MSCI World Net Index
Investment style
Value
Investment method
Shares
Quick stats
1 Year return
31.5%
1 Year rank in sector
9/480
Sector
FO Equity - International
Yield
1.7%
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.
1.07%
Fund size
£202m (£133m 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.
111
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Performance snapshot

Holdings snapshot

  • USA33.5%
    UK21%
    France9.5%
    Italy7.4%
    Greece6.1%
  • Financials34.9%
    Consumer Discretionary26.8%
    Telecommunications Utilities9.3%
    Materials8.6%
    Information Technology7.5%
  • US Equities29.7%
    UK Equities21%
    French Equities9.5%
    Italian Equities7.4%
    Greek Equities6.1%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%0.5%7.4%31.5%41.2%-
Sector1.3%4.6%8.4%14.1%22%55.2%
Rank within sector378 / 510483 / 507336 / 5009 / 48099 / 390-
Quartile3rd4th3rd1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund1.8%40.6%-12%20.5%-
Sector6.4%7.9%0.7%6%21.3%
Rank within sector463 / 5072 / 469411 / 41827 / 374-
Quartile4th1st4th1st
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.
7.37
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.
0.77
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.
0.69
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%.
12.54
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.
10.46
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.
0.32
Price movement
52 week high163.2
52 week low116.65
Current bid price-
Current offer price-
Current mid price160.24
Region
1USA33.52%
2UK21.02%
3France9.46%
4Italy7.44%
5Greece6.06%
6Australia2.75%
7South Africa2.68%
8Not Specified2.31%
9Poland1.93%
Industry sector
1Financials34.91%
2Consumer Discretionary26.79%
3Telecommunications Utilities9.29%
4Materials8.58%
5Information Technology7.51%
6Others6.09%
7Consumer Staples3.15%
8Industrials1.89%
9Real Estate1.79%
Asset type
1US Equities29.75%
2UK Equities21.02%
3French Equities9.46%
4Italian Equities7.44%
5Greek Equities6.06%
6Others4.73%
7Australian Equities2.75%
8South African Equities2.68%
9Polish Equities1.93%
Individual holdings
1ROYAL BANK OF SCOTLAND GROUP PLC4.73%
2CITIGROUP INC4.25%
3BARCLAYS PLC3.95%
4COFACE SA3.8%
5SCHRODER ISF US DOLLAR LIQUIDITY I ACC NAV USD3.77%
6DEVRY EDUCATION GROUP INC3.74%
7BRIDGEPOINT EDUCATION INC3.52%
8AMERICAN INTERNATIONAL GROUP INC3.39%
9HSBC HLDGS3.16%
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 capital growth by investing in equities of companies worldwide that have suffered a severe set back in either share price or profitability. The fund invests at least two-thirds of its assets in equities of companies worldwide.The fund applies a disciplined value investment approach, seeking to invest in a select portfolio of securities that are significantly undervalued relative to their long-term earnings potential.Recovery investments can be out of favour for many reasons, including weak short-term profitability, macro-economic concerns or an under strength balance sheet. These factors can significantly reduce the attractiveness of companies to short term investors and induce discounts to fair value. Our recovery investment approach seeks to exploit this in a diversified manner.The fund may invest directly in China B-Shares and China H-Shares and may invest up to 10% of its assets in China A-Shares through Shanghai-Hong Kong Stock Connect.The fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the fund more efficiently. The fund may also hold cash.
Benchmark
  • MSCI World Net Index
Investment style
Value
Investment method
Shares
Fund managers
NameSinceBiography
Nick Kirrage09/10/2013Nick Kirrage, CFA is a Specialist Value UK Equity Fund Manager with 12 years investment experience. Previously a sector analyst responsible for a number of UK sectors including Transport and Metals & Mining. His investment career commenced in 2001 at Schroders. He is a Chartered Financial Analyst and holds a Degree in Aeronautical Engineering, Bristol University.
Kevin Murphy09/10/2013Kevin Murphy, CFA is a Specialist Value UK Equity Fund Manager with 13 years investment experience. Previously he was a sector analyst for Pan European Construction and Building Materials. His Investment career commenced in 2000 at Schroders. He is a Chartered Financial Analyst and he holds a Degree in Economics from Manchester University.
Andrew Lyddon09/10/2013Andrew 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.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Bulgaria, Switzerland, Germany, Denmark, Spain, Finland, United Kingdom, Greece, Ireland, Iceland, Italy, Luxembourg, Netherlands, Norway, Offshore, Poland, Portugal, Sweden
Schroder ISF Global Recovery A Acc NAV USD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.87%
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price121.7732
CurrencyUSD
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFCQO
Schroder ISF Global Recovery A Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.87%
Total expense ratio (TER)1.95%
Bid price121.7732
Offer price128.1823
Mid price-
CurrencyUSD
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFCQP
Schroder ISF Global Recovery A Hedged Acc GBP
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.87%
Total expense ratio (TER)1.95%
Bid price118.6906
Offer price124.9375
Mid price-
CurrencyGBP
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFCQZ
Schroder ISF Global Recovery A Hedged Acc Nav GBP
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.87%
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price118.6906
CurrencyGBP
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFCQY
Schroder ISF Global Recovery B Acc NAV USD
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.47%
Total expense ratio (TER)2.55%
Bid price-
Offer price-
Mid price119.2097
CurrencyUSD
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFCQQ
Schroder ISF Global Recovery B Acc USD
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.47%
Total expense ratio (TER)2.55%
Bid price119.2097
Offer price119.2097
Mid price-
CurrencyUSD
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFCQR
Schroder ISF Global Recovery C Acc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.1%
Bid price160.2441
Offer price161.8627
Mid price-
CurrencyGBP
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFMXW
Schroder ISF Global Recovery C Acc NAV USD
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price125.4041
CurrencyUSD
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCQS
Schroder ISF Global Recovery C Acc Nav GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price160.2441
CurrencyGBP
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFMXX
Schroder ISF Global Recovery C Acc USD
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.1%
Bid price125.4041
Offer price126.6708
Mid price-
CurrencyUSD
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCQT
Schroder ISF Global Recovery C Dis NAV USD
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price116.6763
CurrencyUSD
Price updated25/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFIII
Schroder ISF Global Recovery C Dis USD
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.1%
Bid price116.6763
Offer price117.8548
Mid price-
CurrencyUSD
Price updated25/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFIIH
Schroder ISF Global Recovery C Hedged Acc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.1%
Bid price122.2627
Offer price123.4977
Mid price-
CurrencyGBP
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCRB
Schroder ISF Global Recovery C Hedged Acc Nav GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price122.2627
CurrencyGBP
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCRA
Schroder ISF Global Recovery E Acc NAV USD
Initial charge1%
Annual charge0.37%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)0.73%
Bid price-
Offer price-
Mid price127.1175
CurrencyUSD
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCQU
Schroder ISF Global Recovery E Acc USD
Initial charge1%
Annual charge0.37%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)0.73%
Bid price127.1175
Offer price128.4015
Mid price-
CurrencyUSD
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCQV
Schroder ISF Global Recovery E Hedged Acc GBP
Initial charge1%
Annual charge0.37%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)0.73%
Bid price123.8751
Offer price125.1264
Mid price-
CurrencyGBP
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCRD
Schroder ISF Global Recovery E Hedged Acc Nav GBP
Initial charge1%
Annual charge0.37%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)0.73%
Bid price-
Offer price-
Mid price123.8751
CurrencyGBP
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCRC
Schroder ISF Global Recovery I Acc 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 price129.9617
CurrencyUSD
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCQW
Schroder ISF Global Recovery I Acc 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 price129.9617
Offer price129.9617
Mid price-
CurrencyUSD
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCQX
Data provided by

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