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
  • Allan Conwaysince 03/09/2007
  • Rami Sidanisince 08/07/2008
Fund objective
To provide capital growth primarily through investment in equity 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
-0%
1 Year rank in sector
2/14
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.
2.64%
Fund size
£126m (£159m 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.
112
Top in this sector
Fund name1 Year
Baring MENA10.2%
Schroder ISF Mid East-0%
JB Mltsck Afr Fcs-0.6%
Charlemagne Magna MENA-1.6%
T. Rowe Price MEast& Africa Eq-4.9%
...more in FO Equity - MENA

Performance snapshot

Holdings snapshot

  • Turkey22.2%
    United Arab Emirates21.7%
    Saudi Arabia18.8%
    Egypt11.4%
    Qatar10.6%
  • Financials38.4%
    Real Estate17.5%
    Telecommunications Utilities12.5%
    Materials9%
    Consumer Discretionary7.7%
  • Turkish Equities22.2%
    Emirian Equities21.7%
    Saudi Arabian Equities18.8%
    Egyptian Equity11.4%
    Qatari Equities10.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%1.1%1.2%-0%-5.1%37.4%
Sector-2.6%-0.4%2.2%-6.2%-1.4%27.1%
Rank within sector2 / 144 / 148 / 142 / 146 / 134 / 12
Quartile1st2nd3rd1st2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund4.1%-18.8%12.4%16.7%30.6%
Sector-0.5%-15%12.2%20.2%14.2%
Rank within sector3 / 1410 / 145 / 138 / 122 / 12
Quartile1st3rd2nd3rd1st
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.
-0.45
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.
1.1
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%.
16.27
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.
7.02
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.
-0.09
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 high10.73
52 week low8.6
Current bid price-
Current offer price-
Current mid price10.28
Region
1Turkey22.16%
2United Arab Emirates21.68%
3Saudi Arabia18.77%
4Egypt11.43%
5Qatar10.57%
6Kuwait9.55%
7Oman2.69%
8UK1.88%
9Austria1.36%
Industry sector
1Financials38.45%
2Real Estate17.51%
3Telecommunications Utilities12.55%
4Materials9.03%
5Consumer Discretionary7.67%
6Energy4.59%
7Industrials4.34%
8Utilities2.91%
9Consumer Staples2.84%
Asset type
1Turkish Equities22.16%
2Emirian Equities21.68%
3Saudi Arabian Equities18.77%
4Egyptian Equity11.43%
5Qatari Equities10.57%
6Kuwaiti Equities9.55%
7Money Market5.46%
8Omani Equities2.69%
9UK Equities1.88%
Individual holdings
1EMAAR PROPERTIES9.58%
2AKBANK T.A.S.5.72%
3NATIONAL BANK OF KUWAIT4.9%
4QATAR NATIONAL BANK4.6%
5RABIGH REFINING AND PETROCHEMICALS3.78%
6COMMERCIAL INTL BANK(EGYPT)S.A.E3.7%
7AL RAJHI BANK3.67%
8DUBAI PARKS & RESORTS PJSC3.67%
9HSBC BANK PLC PALMS1175 09/10/17(SAUDI INDSAL)USD10.753.49%
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 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
Allan Conway03/09/2007Mr. Conway is Head of Emerging Market Equities at Schroder Investment Management North America (SIMNA) Ltd. He has been an employee of SIMNA Ltd. since 2004. Formerly, Head of Global Emerging Markets, West LB Asset Management and Chief Executive Officer of WestAM (UK). He has over 30 years of investment experience.
Rami Sidani08/07/2008Rami 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, 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 price13.1007
Offer price13.7902
Mid price-
CurrencyEUR
Price updated22/09/2016
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 price13.1007
CurrencyEUR
Price updated22/09/2016
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 price10.858
CurrencyUSD
Price updated22/09/2016
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 price9.0482
Offer price9.5244
Mid price-
CurrencySGD
Price updated22/09/2016
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 price10.858
Offer price11.4295
Mid price-
CurrencyUSD
Price updated22/09/2016
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 price10.2597
CurrencyUSD
Price updated22/09/2016
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 price10.2597
Offer price10.7997
Mid price-
CurrencyUSD
Price updated22/09/2016
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 price9.0482
CurrencySGD
Price updated22/09/2016
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 price12.5446
Offer price13.0673
Mid price-
CurrencyEUR
Price updated22/09/2016
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 price12.5446
CurrencyEUR
Price updated22/09/2016
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 price10.4328
CurrencyUSD
Price updated22/09/2016
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 price10.4328
Offer price10.8675
Mid price-
CurrencyUSD
Price updated22/09/2016
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 price12.3843
Offer price12.3843
Mid price-
CurrencyEUR
Price updated22/09/2016
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 price12.3843
CurrencyEUR
Price updated22/09/2016
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 price10.2763
CurrencyUSD
Price updated22/09/2016
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 price10.2763
Offer price10.2763
Mid price-
CurrencyUSD
Price updated22/09/2016
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 price13.8794
Offer price14.0196
Mid price-
CurrencyEUR
Price updated22/09/2016
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 price13.8794
CurrencyEUR
Price updated22/09/2016
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 price11.5251
CurrencyUSD
Price updated22/09/2016
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 price11.5251
Offer price11.6415
Mid price-
CurrencyUSD
Price updated22/09/2016
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)0.19%
Total expense ratio (TER)0.23%
Bid price-
Offer price-
Mid price12.9428
CurrencyUSD
Price updated22/09/2016
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)0.19%
Total expense ratio (TER)0.23%
Bid price12.9428
Offer price12.9428
Mid price-
CurrencyUSD
Price updated22/09/2016
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)0.19%
Total expense ratio (TER)0.23%
Bid price1116.26
Offer price1116.26
Mid price-
CurrencyJPY
Price updated22/09/2016
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)0.19%
Total expense ratio (TER)0.23%
Bid price-
Offer price-
Mid price1116.26
CurrencyJPY
Price updated22/09/2016
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.