Fact sheet: Schroder ISF Mid East

Fund information
Fund name
Schroder ISF Middle East B Acc NAV USD
Fund manager company
Schroder Investmt Mgt(LUX)S.A.
Fund type
Offshore Fund
Fund managers
  • Tom Wilsonsince 12/08/2016
  • Rami Sidanisince 03/09/2007
Fund objective
The fund aims to provide capital growth by investing in equities of Middle Eastern companies. The fund also invests in companies in emerging Mediterranean markets and North 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
10.2%
1 Year rank in sector
6/13
Sector
FO Equity - MENA
Yield
1.9%
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.
2.59%
Fund size
£106m (£174m 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.
118
Top in this sector
Fund name1 Year
Lazard Mena23.7%
Charlemagne Magna MENA23.6%
Baring MENA20.3%
T. Rowe Price MEast& Africa Eq18.1%
Franklin MENA10.4%
...more in FO Equity - MENA

Performance snapshot

Holdings snapshot

  • Turkey21.5%
    United Arab Emirates20.7%
    Saudi Arabia19.4%
    Kuwait12.9%
    Egypt10.4%
  • Financials36.7%
    Telecommunications Utilities13.8%
    Real Estate13.7%
    Materials9.8%
    Industrials6.4%
  • Turkish Equities21.5%
    Emirian Equities20.7%
    Saudi Arabian Equities19.4%
    Kuwaiti Equities12.9%
    Egyptian Equity10.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.6%1.7%9.4%10.2%-14.7%39.5%
Sector0.8%2.5%10.1%10.5%-8%32%
Rank within sector5 / 136 / 137 / 136 / 138 / 135 / 11
Quartile2nd2nd3rd2nd3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund7.7%3.4%-18.8%12.4%16.7%
Sector4.8%5.1%-15%12.2%20.2%
Rank within sector6 / 135 / 1311 / 136 / 128 / 11
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.
-2.46
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.
1.02
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%.
14.95
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.
6.65
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.
-0.41
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.
0.8
Price movement
52 week high11.06
52 week low9.84
Current bid price-
Current offer price-
Current mid price10.99
Region
1Turkey21.52%
2United Arab Emirates20.66%
3Saudi Arabia19.35%
4Kuwait12.92%
5Egypt10.43%
6Qatar8.12%
7Lebanon1.89%
8Morocco1.32%
9Oman1.3%
Industry sector
1Financials36.66%
2Telecommunications Utilities13.79%
3Real Estate13.71%
4Materials9.77%
5Industrials6.43%
6Consumer Discretionary6.16%
7Energy3.92%
8Consumer Staples3.85%
9Health Care1.68%
Asset type
1Turkish Equities21.52%
2Emirian Equities20.66%
3Saudi Arabian Equities19.35%
4Kuwaiti Equities12.92%
5Egyptian Equity10.43%
6Qatari Equities8.12%
7Middle East & African Equities1.89%
8Moroccan Equity1.32%
9Omani Equities1.3%
Individual holdings
1EMAAR PROPERTIES7.61%
2HSBC BANK PLC PALMS1219 22/01/18(SAUDI BC IND)USD20.585.22%
3AL RAJHI BANK4.73%
4AKBANK T.A.S.4.59%
5NATIONAL BANK OF KUWAIT4.59%
6HUMAN SOFT HOLDING CO.3.79%
7QATAR NATIONAL BANK3.68%
8COMMERCIAL INTL BANK(EGYPT)S.A.E3.62%
9MOBILE TELECOMMUNICATIONS3.33%
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 Middle Eastern companies. The fund also invests in companies in emerging Mediterranean markets and North Africa.
Benchmark
  • MSCI Arabian Markets and Turkey with Saudi Arabia Domestic capped at 20%
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Tom Wilson12/08/2016– Global Emerging Markets Fund Manager and Head of Research within the Emerging Markets Equity Team, based in London – Appointed Global Emerging Markets Fund Manager from the beginning of November 2014, following seven years as the Head of EMEA (Europe, Middle East and Africa) within the Emerging Markets Equity team – EMEA analyst from 2004 until 2007 – Moved into the Research Development Programme in 2002, working on the Global Oils team covering Emerging European stocks – Investment career commenced in October 2001 upon joining the Schroders Graduate Scheme, initially as assistant to the Institutional and Retail CIOs – CFA charterholder; BA (Hons) in History, Newcastle University
Rami Sidani03/09/2007Rami 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.
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, Iceland, 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)1.99%
Total expense ratio (TER)2.08%
Bid price14.1545
Offer price14.8995
Mid price-
CurrencyEUR
Price updated19/05/2017
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)1.99%
Total expense ratio (TER)2.08%
Bid price-
Offer price-
Mid price14.1545
CurrencyEUR
Price updated19/05/2017
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)1.99%
Total expense ratio (TER)2.08%
Bid price-
Offer price-
Mid price11.6616
CurrencyUSD
Price updated19/05/2017
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)1.99%
Total expense ratio (TER)2.08%
Bid price9.9466
Offer price10.4701
Mid price-
CurrencySGD
Price updated19/05/2017
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)1.99%
Total expense ratio (TER)2.08%
Bid price11.6616
Offer price12.2754
Mid price-
CurrencyUSD
Price updated19/05/2017
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)1.99%
Total expense ratio (TER)2.08%
Bid price-
Offer price-
Mid price10.6819
CurrencyUSD
Price updated19/05/2017
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)1.99%
Total expense ratio (TER)2.08%
Bid price10.6819
Offer price11.2441
Mid price-
CurrencyUSD
Price updated19/05/2017
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)1.99%
Total expense ratio (TER)2.08%
Bid price-
Offer price-
Mid price9.9466
CurrencySGD
Price updated19/05/2017
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)2.49%
Total expense ratio (TER)2.58%
Bid price13.5082
Offer price14.071
Mid price-
CurrencyEUR
Price updated19/05/2017
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)2.49%
Total expense ratio (TER)2.58%
Bid price-
Offer price-
Mid price13.5082
CurrencyEUR
Price updated19/05/2017
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)2.49%
Total expense ratio (TER)2.58%
Bid price-
Offer price-
Mid price11.1673
CurrencyUSD
Price updated19/05/2017
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)2.49%
Total expense ratio (TER)2.58%
Bid price11.1673
Offer price11.6326
Mid price-
CurrencyUSD
Price updated19/05/2017
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)2.59%
Total expense ratio (TER)2.68%
Bid price13.3269
Offer price13.3269
Mid price-
CurrencyEUR
Price updated19/05/2017
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)2.59%
Total expense ratio (TER)2.68%
Bid price-
Offer price-
Mid price13.3269
CurrencyEUR
Price updated19/05/2017
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)2.59%
Total expense ratio (TER)2.68%
Bid price-
Offer price-
Mid price10.9925
CurrencyUSD
Price updated19/05/2017
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)2.59%
Total expense ratio (TER)2.68%
Bid price10.9925
Offer price10.9925
Mid price-
CurrencyUSD
Price updated19/05/2017
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 price15.0514
Offer price15.2034
Mid price-
CurrencyEUR
Price updated19/05/2017
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 price15.0514
CurrencyEUR
Price updated19/05/2017
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 price12.4214
CurrencyUSD
Price updated19/05/2017
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 price12.4214
Offer price12.5469
Mid price-
CurrencyUSD
Price updated19/05/2017
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 price14.0628
CurrencyUSD
Price updated19/05/2017
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 price14.0628
Offer price14.0628
Mid price-
CurrencyUSD
Price updated19/05/2017
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 price1342.7271
Offer price1342.7271
Mid price-
CurrencyJPY
Price updated19/05/2017
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 price1342.7271
CurrencyJPY
Price updated19/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeELA7
Data provided by

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