Fact sheet: Schroder ISF Mid East

Fund information
Fund name
Schroder ISF Middle East A Acc NAV USD
Fund manager company
Schroder Investmt Mgt(LUX)S.A.
Fund type
Offshore Fund
Fund managers
  • Rami Sidanisince 02/09/2007
  • Tom Wilsonsince 11/08/2016
Fund objective
To provide capital growth primarily through investment in equity and equity related securities of Middle Eastern companies including companies in emerging Mediterranean markets. The portfolio may also, to a limited extent, seek exposure to the markets of Northern Africa.
Benchmark
  • MSCI Arabian Markets and Turkey with Saudi Arabia Domestic capped at 20%
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
14.7%
1 Year rank in sector
7/14
Sector
FO Equity - MENA
Yield
2.6%
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.
2.04%
Fund size
£102m (£145m 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.
122
Top in this sector
Fund name1 Year
Baring MENA31.4%
Charlemagne Magna MENA28.8%
Lazard Mena28.7%
T. Rowe Price MEast& Africa Eq28.5%
JB Mltsck Afr Fcs27.4%
...more in FO Equity - MENA

Performance snapshot

Holdings snapshot

  • United Arab Emirates20.5%
    Turkey20%
    Saudi Arabia17.6%
    Egypt10%
    Kuwait9.9%
  • Financials36.3%
    Telecommunications Utilities15.2%
    Real Estate13.7%
    Materials8%
    Consumer Discretionary7.4%
  • Emirian Equities20.5%
    Turkish Equities20%
    Saudi Arabian Equities17.6%
    Egyptian Equity10%
    Kuwaiti Equities9.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%1.7%-2.2%14.7%-5.5%48.4%
Sector1%6.1%2.8%15.1%-2.8%35.5%
Rank within sector11 / 1412 / 1411 / 147 / 146 / 135 / 12
Quartile4th4th4th2nd2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund0.4%4.1%-18.3%13%17.5%
Sector-0.7%5.1%-15%12.2%20.2%
Rank within sector7 / 146 / 1411 / 146 / 138 / 12
Quartile2nd2nd4th2nd3rd
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.
-1.14
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.
1.07
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%.
15.95
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.
6.85
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.
-0.21
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.
0.82
Price movement
52 week high11.3
52 week low9.05
Current bid price-
Current offer price-
Current mid price10.85
Region
1United Arab Emirates20.49%
2Turkey20.04%
3Saudi Arabia17.64%
4Egypt9.97%
5Kuwait9.95%
6Qatar9.28%
7Not Specified3.99%
8Oman2.31%
9Lebanon1.87%
Industry sector
1Financials36.3%
2Telecommunications Utilities15.16%
3Real Estate13.7%
4Materials7.97%
5Consumer Discretionary7.35%
6Industrials5.47%
7Others3.99%
8Energy3.12%
9Consumer Staples2.27%
Asset type
1Emirian Equities20.49%
2Turkish Equities20.04%
3Saudi Arabian Equities17.64%
4Egyptian Equity9.97%
5Kuwaiti Equities9.95%
6Qatari Equities9.28%
7Money Market3.85%
8Omani Equities2.31%
9Middle East & African Equities1.87%
Individual holdings
1EMAAR PROPERTIES8.67%
2SAUDI TELECOM5.01%
3NATIONAL BANK OF KUWAIT4.33%
4QATAR NATIONAL BANK4.15%
5AKBANK T.A.S.4.12%
6COMMERCIAL INTL BANK(EGYPT)S.A.E4.02%
7HSBC BANK PLC PALMS1219 22/01/18(SAUDI BC IND)USD20.583.57%
8MERRILL LYNCH INTERNATIONAL & CO CV CRTP USD18.90 (AL RAJHI BANK)3.4%
9MOBILE TELECOMMUNICATIONS3.22%
Management
Fund manager group
Schroders
Fund manager company
Schroder Investmt Mgt(LUX)S.A.
Fund type
Offshore Fund
Fund objective
To provide capital growth primarily through investment in equity and equity related securities of Middle Eastern companies including companies in emerging Mediterranean markets. The portfolio may also, to a limited extent, seek exposure to the markets of Northern Africa.
Benchmark
  • MSCI Arabian Markets and Turkey with Saudi Arabia Domestic capped at 20%
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Rami Sidani02/09/2007Rami Sidani is Head of Middle East and North Africa (MENA) Portfolio Management. He is an experienced manager of MENA funds. With more than seven years' experience he has deep regional knowledge and provides the team with local insight. Prior to joining Pictet, he was Vice President at Shuaa Capital PSC.
Tom Wilson11/08/2016Tom Wilson is Head of EMEA within the Emerging Markets Equity team, based in London. His investment career commenced in October 2001 upon joining the Schroders Graduate Scheme, initially as assistant to the Institutional and Retail CIOs. In 2002, he moved into the Research Development Programme, working on the Global Oils team covering Emerging European stocks. He was EMEA analyst from 2004 until 2007. He is a CFA charterholder and holds a BA (Hons) in History from Newcastle University.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, 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 Middle East A Acc EUR
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.04%
Total expense ratio (TER)2.08%
Bid price13.8995
Offer price14.6311
Mid price-
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA0X2
Schroder ISF Middle East A Acc NAV EUR
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.04%
Total expense ratio (TER)2.08%
Bid price-
Offer price-
Mid price13.8995
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDAY5
Schroder ISF Middle East 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)2.04%
Total expense ratio (TER)2.08%
Bid price-
Offer price-
Mid price10.8504
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDAY6
Schroder ISF Middle East A Acc SGD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.04%
Total expense ratio (TER)2.08%
Bid price9.5493
Offer price10.0519
Mid price-
CurrencySGD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeB6V1
Schroder ISF Middle East A Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.04%
Total expense ratio (TER)2.08%
Bid price10.8504
Offer price11.4215
Mid price-
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA0W5
Schroder ISF Middle East A Dis NAV USD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.04%
Total expense ratio (TER)2.08%
Bid price-
Offer price-
Mid price9.9401
CurrencyUSD
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFIIQ
Schroder ISF Middle East A Dis USD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.04%
Total expense ratio (TER)2.08%
Bid price9.9401
Offer price10.4633
Mid price-
CurrencyUSD
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFIIP
Schroder ISF Middle East A NAV SGD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.04%
Total expense ratio (TER)2.08%
Bid price-
Offer price-
Mid price9.5493
CurrencySGD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEKZ8
Schroder ISF Middle East A1 Acc EUR
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.54%
Total expense ratio (TER)2.58%
Bid price13.2871
Offer price13.8407
Mid price-
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA0X5
Schroder ISF Middle East A1 Acc NAV EUR
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.54%
Total expense ratio (TER)2.58%
Bid price-
Offer price-
Mid price13.2871
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEKZ9
Schroder ISF Middle East A1 Acc NAV USD
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.54%
Total expense ratio (TER)2.58%
Bid price-
Offer price-
Mid price10.4079
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeELA0
Schroder ISF Middle East A1 Acc USD
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.54%
Total expense ratio (TER)2.58%
Bid price10.4079
Offer price10.8416
Mid price-
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA0X0
Schroder ISF Middle East B Acc EUR
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.64%
Total expense ratio (TER)2.68%
Bid price13.1132
Offer price13.1132
Mid price-
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA0X3
Schroder ISF Middle East B Acc NAV EUR
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.64%
Total expense ratio (TER)2.68%
Bid price-
Offer price-
Mid price13.1132
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeELA1
Schroder ISF Middle East 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)2.64%
Total expense ratio (TER)2.68%
Bid price-
Offer price-
Mid price10.2485
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeELA2
Schroder ISF Middle East B Acc USD
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.64%
Total expense ratio (TER)2.68%
Bid price10.2485
Offer price10.2485
Mid price-
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA0W6
Schroder ISF Middle East C Acc EUR
Initial charge1%
Annual charge1%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.48%
Bid price14.7528
Offer price14.9018
Mid price-
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeA0X4
Schroder ISF Middle East C Acc NAV EUR
Initial charge1%
Annual charge1%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.48%
Bid price-
Offer price-
Mid price14.7528
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeELA3
Schroder ISF Middle East C Acc NAV USD
Initial charge1%
Annual charge1%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.48%
Bid price-
Offer price-
Mid price11.5359
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeELA4
Schroder ISF Middle East C Acc USD
Initial charge1%
Annual charge1%
Min single investment£500,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.48%
Bid price11.5359
Offer price11.6524
Mid price-
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeA0W7
Schroder ISF Middle East 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)0.2%
Total expense ratio (TER)0.23%
Bid price-
Offer price-
Mid price13.0062
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeELA6
Schroder ISF Middle East 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)0.2%
Total expense ratio (TER)0.23%
Bid price13.0062
Offer price13.0062
Mid price-
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeA0X1
Schroder ISF Middle East J Acc JPY
Initial charge-
Annual charge-
Min single investment£5,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)0.2%
Total expense ratio (TER)0.23%
Bid price1273.2696
Offer price1273.2696
Mid price-
CurrencyJPY
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeA0X7
Schroder ISF Middle East J Acc NAV JPY
Initial charge-
Annual charge-
Min single investment£5,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)0.2%
Total expense ratio (TER)0.23%
Bid price-
Offer price-
Mid price1273.2696
CurrencyJPY
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeELA7
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.