Fact sheet: Schroder ISF Italian Eq

Fund information
Fund name
Schroder ISF Italian Equity A1 NAV
Fund manager company
Schroder Investmt Mgt(LUX)S.A.
Fund type
Offshore Fund
Fund managers
  • Hannah Pipersince 16/09/2011
  • Nicholette MacDonald-Brownsince 16/09/2011
Fund objective
The fund aims to provide capital growth by investing in equities of Italian companies. The fund invests at least two-thirds of its assets in a concentrated range of equities of Italian companies. This means typically holding fewer than 50 companies.The fund invests in businesses which the manager believes have been undervalued by the market. Investment decisions are based on in-depth research into a company's financial and business strength, as well as meetings with management. To a lesser extent, we allow more macroeconomic or thematic views to influence portfolio positions.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
  • FTSE Italia All-Share Index
Investment style
Concentrated,Growth
Investment method
Shares
Quick stats
1 Year return
13.9%
1 Year rank in sector
70/93
Sector
FO Equity - Europe Single Country
Yield
1%
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.
2.36%
Fund size
£301m (£417m 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.
141
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Performance snapshot

Holdings snapshot

  • Italy96.7%
    France2.7%
    Not Specified0.6%
  • Financials36.4%
    Consumer Discretionary18.1%
    Energy11.7%
    Utilities9.3%
    Industrials8.5%
  • Italian Equities96.7%
    French Equities2.7%
    Money Market0.7%
    Others-0%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.9%9%19.9%13.9%10%74.7%
Sector3.7%6.7%12.8%18.5%33.3%65.3%
Rank within sector47 / 9226 / 938 / 9370 / 9370 / 8336 / 78
Quartile3rd2nd1st4th4th2nd
Calendar performance
 YTD - 20172016201520142013
Fund11.7%-9.3%21.1%0.7%27.2%
Sector8.7%9.6%9.2%1.7%17.5%
Rank within sector25 / 9387 / 9316 / 8957 / 8230 / 80
Quartile2nd4th1st3rd2nd
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.
-7.23
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.
1.22
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%.
18.05
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.
11.24
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.
-0.55
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.
0.63
Price movement
52 week high30.28
52 week low22.87
Current bid price-
Current offer price-
Current mid price30.32
Region
1Italy96.66%
2France2.73%
3Not Specified0.61%
Industry sector
1Financials36.35%
2Consumer Discretionary18.11%
3Energy11.74%
4Utilities9.3%
5Industrials8.54%
6Telecommunications Utilities7.03%
7Health Care4.04%
8Information Technology2.73%
9Consumer Staples1.54%
Asset type
1Italian Equities96.66%
2French Equities2.73%
3Money Market0.66%
4Others-0.04%
Individual holdings
1UNICREDIT SPA9.26%
2ENI8.97%
3INTESA SANPAOLO SPA6.56%
4ENEL SPA5.85%
5ASSICURAZIONI GENERALI SPA4.66%
6FIAT CHRYSLER AUTOMOBILES NV4.03%
7TELECOM ITALIA SPA(NEW)3.73%
8CERVED INFORMATION SOLUTIONS SPA3%
9INTESA SANPAOLO SPA2.84%
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 Italian companies. The fund invests at least two-thirds of its assets in a concentrated range of equities of Italian companies. This means typically holding fewer than 50 companies.The fund invests in businesses which the manager believes have been undervalued by the market. Investment decisions are based on in-depth research into a company's financial and business strength, as well as meetings with management. To a lesser extent, we allow more macroeconomic or thematic views to influence portfolio positions.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
  • FTSE Italia All-Share Index
Investment style
Concentrated,Growth
Investment method
Shares
Fund managers
NameSinceBiography
Hannah Piper16/09/2011Hannah graduated from Durham University with a 1st Class Honours BSc degree in Natural Sciences before joining PwC where she qualified as a Chartered Accountant. She joined Schroders in July 2012, as an analyst in the European Small Cap Team. Prior to this she spent 18 months at UBS as a UK Chemicals research analyst.
Nicholette MacDonald-Brown16/09/2011Nicholette joined Schroders in August 2011 as a portfolio manager in the European Equity Team. Previously, she spent 11 years at Goldman Sachs where she worked in a variety of roles, most recently as an investment professional for Goldman Sachs Investment Partners, a global multi asset class hedge fund where she was responsible for the European Industrial, Utility, Infrastructure and travel and leisure sectors. Previous roles included research and portfolio management responsibilities for Global and EAFE products, and Co-Head of the European Small Cap Equity Team. Her investment career commenced in 2000. She is a CFA Charterholder and holds a degree in Economics and Politics.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bulgaria, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Gibraltar, Greece, Hungary, Iceland, Italy, Republic Of Korea, Luxembourg, Macau, Netherlands, Norway, Offshore, Peru, Poland, Portugal, Sweden, Taiwan - Province Of China
Schroder ISF Italian Equity A Acc
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.68%
Bid price33.6293
Offer price35.3993
Mid price-
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSS98
Schroder ISF Italian Equity A Acc NAV
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price33.6293
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDUU6
Schroder ISF Italian Equity A Dis
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.68%
Bid price25.8964
Offer price27.2594
Mid price-
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeSH23
Schroder ISF Italian Equity A Dis NAV
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price25.8964
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeDUU7
Schroder ISF Italian Equity A1
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 price30.3219
Offer price31.5853
Mid price-
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIZ53
Schroder ISF Italian Equity A1 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 price30.3219
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDUU8
Schroder ISF Italian Equity B Acc
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.21%
Total expense ratio (TER)2.28%
Bid price29.9925
Offer price29.9925
Mid price-
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSS99
Schroder ISF Italian Equity B Acc NAV
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.21%
Total expense ratio (TER)2.28%
Bid price-
Offer price-
Mid price29.9925
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDUU9
Schroder ISF Italian Equity B Dis
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.21%
Total expense ratio (TER)2.28%
Bid price25.2197
Offer price25.2197
Mid price-
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeSS01
Schroder ISF Italian Equity B Dis NAV
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.21%
Total expense ratio (TER)2.28%
Bid price-
Offer price-
Mid price25.2197
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeDUV0
Schroder ISF Italian Equity C Acc
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.08%
Bid price40.4075
Offer price40.8157
Mid price-
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeSM64
Schroder ISF Italian Equity C Acc NAV
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price40.4075
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDUV2
Schroder ISF Italian Equity 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 price46.9525
Offer price46.9525
Mid price-
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIZ88
Schroder ISF Italian Equity 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)0.07%
Total expense ratio (TER)0.08%
Bid price-
Offer price-
Mid price46.9525
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDUV4
Data provided by

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