Fact sheet: Schroder Recovery

Fund information
Fund name
Schroder Recovery Z Acc
Fund manager company
Schroder UT Managers
Fund type
Unit Trust
Fund managers
  • Nick Kirragesince 21/07/2006
  • Kevin Murphysince 21/07/2006
Fund objective
The fund aims to provide capital growth by investing in equities of UK companies that have suffered a severe setback in either share price or profitability. The fund invests at least 80% of its assets in equities of UK companies. The fund applies a disciplined value investment approach, seeking to invest in a select portfolio of companies that the manager believes 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. The Manager's recovery investment approach seeks to exploit this in a diversified manner. The fund may also invest in collective investment schemes and warrants, and hold cash. The fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the fund more efficiently.
Benchmark
  • FTSE All Share Total Return Index
Investment style
Value
Investment method
Shares
Quick stats
1 Year return
24.4%
1 Year rank in sector
65/269
Sector
UT UK All Companies
Yield
1.8%
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.
0.91%
Fund size
£1,038m (£705m 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.
102
Bid price
107.3
Offer price
108
Top in this sector
Fund name1 Year
Stan Life Inv UK Eq Recvry38.3%
MI Chelverton UK Equ Grth36.8%
VT The Beagle36.4%
R&M UK Equity Long Term Recovery36.1%
Unicorn UK Growth35.4%
...more in UT UK All Companies

Performance snapshot

Holdings snapshot

  • UK77.6%
    Money Market9.3%
    USA8.6%
    Australia3.1%
    Hong Kong0.3%
  • Financials31.3%
    Consumer Services20.7%
    Money Market9.3%
    Technology7.6%
    Basic Materials7.3%
  • UK Equities77.6%
    Money Market9.3%
    US Equities8.6%
    Australian Equities3.1%
    Hong Kong Equities0.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.8%2.8%8.6%24.4%23.4%126.1%
Sector3.2%6.8%13.8%21.5%26.4%82.2%
Rank within sector206 / 277274 / 277265 / 27465 / 269177 / 25521 / 240
Quartile3rd4th4th1st3rd1st
Calendar performance
 YTD - 20172016201520142013
Fund3.9%31.1%-12.7%2.2%46.2%
Sector9.4%11.2%3.7%0.6%25.7%
Rank within sector272 / 2752 / 267258 / 25881 / 2534 / 246
Quartile4th1st4th2nd1st
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.
-0.59
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.
0.92
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.
0.22
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%.
10.64
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.
6.75
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.
-0.2
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.
0.6
Price movement
52 week high107.3
52 week low81.78
Current bid price107.3
Current offer price108
Current mid price-
Region
1UK77.62%
2Money Market9.31%
3USA8.57%
4Australia3.05%
5Hong Kong0.25%
6France0.25%
7Italy0.2%
8Greece0.16%
9Not Specified0.08%
Industry sector
1Financials31.28%
2Consumer Services20.74%
3Money Market9.31%
4Technology7.64%
5Basic Materials7.31%
6Oil & Gas7.27%
7Utilities6.96%
8Health Care5.16%
9Industrials2.91%
Asset type
1UK Equities77.62%
2Money Market9.31%
3US Equities8.57%
4Australian Equities3.05%
5Hong Kong Equities0.25%
6French Equities0.25%
7Italian Equities0.2%
8Greek Equities0.16%
9Dutch Equities0.09%
Individual holdings
1SCHRODER STERLING LIQUIDITY PLUS I ACC5.94%
2ROYAL BANK OF SCOTLAND GROUP PLC5.29%
3HSBC HLDGS4.99%
4PEARSON4.9%
5BARCLAYS PLC4.37%
6BP4.23%
7STANDARD CHARTERED3.97%
8CENTRICA PLC3.93%
9LLOYDS BANKING GROUP PLC3.82%
Management
Fund manager group
Schroders
Fund manager company
Schroder UT Managers
Fund type
Unit Trust
Fund objective
The fund aims to provide capital growth by investing in equities of UK companies that have suffered a severe setback in either share price or profitability. The fund invests at least 80% of its assets in equities of UK companies. The fund applies a disciplined value investment approach, seeking to invest in a select portfolio of companies that the manager believes 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. The Manager's recovery investment approach seeks to exploit this in a diversified manner. The fund may also invest in collective investment schemes and warrants, and hold cash. The fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the fund more efficiently.
Benchmark
  • FTSE All Share Total Return Index
Investment style
Value
Investment method
Shares
Fund managers
NameSinceBiography
Nick Kirrage21/07/2006Nick 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 Murphy21/07/2006Kevin 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.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Schroder Recovery A Acc
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.66%
Total expense ratio (TER)-
Bid price20910
Offer price21040
Mid price-
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeUM61
Schroder Recovery A Inc
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.66%
Total expense ratio (TER)-
Bid price12190
Offer price12270
Mid price-
CurrencyGBX
Price updated25/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeUM13
Schroder Recovery L Acc
Initial charge-
Annual charge0.68%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.84%
Total expense ratio (TER)-
Bid price67.7
Offer price68.14
Mid price-
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJOVP
Schroder Recovery L Inc
Initial charge-
Annual charge0.68%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.84%
Total expense ratio (TER)-
Bid price63.54
Offer price63.95
Mid price-
CurrencyGBX
Price updated25/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJOVQ
Schroder Recovery X Acc
Initial charge-
Annual charge-
Min single investment£25,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.01%
Total expense ratio (TER)-
Bid price62.6
Offer price63
Mid price-
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKTVU
Schroder Recovery X Inc
Initial charge-
Annual charge-
Min single investment£25,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.01%
Total expense ratio (TER)-
Bid price59.1
Offer price59.48
Mid price-
CurrencyGBX
Price updated25/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKTVT
Schroder Recovery Z Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)-
Bid price107.3
Offer price108
Mid price-
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code05AO
Schroder Recovery Z Inc
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)-
Bid price95.98
Offer price96.6
Mid price-
CurrencyGBX
Price updated25/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code05AN
Data provided by

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