Fact sheet: Schroder Strategic Bond

Fund information
Fund name
Schroder Strategic Bond Z Acc
Fund manager company
Schroder UT Managers
Fund type
Unit Trust
Fund managers
  • Gareth Isaacsince 26/03/2012
  • Paul Graingersince 21/03/2016
Fund objective
The fund's investment objective is to provide a total return. The fund will invest in bonds issued by governments, government agencies and companies worldwide. The fund has no set target in respect of any country or sector but has the flexibility to focus on investments which offer the most attractive opportunities. The fund will invest in bonds issued either in sterling, or in another currency which may be hedged back into sterling (to reduce or remove the risk of loss through currency movements). The fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The fund may use leverage and take indirect short positions.
Benchmark
  • No Specified Index
Investment style
Total Return,Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
4.3%
1 Year rank in sector
50/77
Sector
UT Sterling Strategic Bond
Yield
3.9%
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.
0.79%
Fund size
£104m (£106m 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.
24
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc12.8%
Fidelity I Stg Cr + Bd11.2%
Fidelity UK Inv Grd Lg Cr10.4%
Legg Mason IFBrwiGlInOp10.1%
AXA Framlington Mgd Inc9.4%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • USA22.9%
    UK22.5%
    Germany7.2%
    China5.6%
    France4.8%
  • Industrials41.8%
    Financials29%
    Government Bonds14.2%
    Utilities5.8%
    Government Agency Bonds4.6%
  • US Fixed Interest22.9%
    UK Fixed Interest22.5%
    German Fixed Interest7.2%
    Chinese Fixed Interest5.6%
    French Fixed Interest4.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%0.3%2.8%4.3%9%-
Sector-0.8%-2.8%2.5%5.2%13.2%31.8%
Rank within sector9 / 838 / 8224 / 8250 / 7760 / 71-
Quartile1st1st2nd3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund5%-0.1%3%5.9%-
Sector6.2%-0.3%6.8%2.6%12.6%
Rank within sector53 / 7743 / 7464 / 7216 / 64-
Quartile3rd3rd4th1st
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.
0.27
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.
0.68
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%.
3.81
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.
3.21
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.
-0.31
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.
0.36
Price movement
52 week high62.29
52 week low56.43
Current bid price-
Current offer price-
Current mid price62.18
Region
1USA22.85%
2UK22.53%
3Germany7.17%
4China5.62%
5France4.85%
6Netherlands4.7%
7Italy3.98%
8Money Market3.97%
9Argentina2.69%
Industry sector
1Industrials41.78%
2Financials28.97%
3Government Bonds14.17%
4Utilities5.81%
5Government Agency Bonds4.56%
6Money Market3.97%
7Asset/Mortgage-Backed Securities2.36%
8Local Government Bonds0.77%
9Derivatives-2.4%
Asset type
1US Fixed Interest22.85%
2UK Fixed Interest22.53%
3German Fixed Interest7.17%
4Chinese Fixed Interest5.62%
5French Fixed Interest4.85%
6Dutch Fixed Interest4.7%
7Italian Fixed Interest3.98%
8Money Market3.97%
9American Emerging Fixed Interest2.69%
Individual holdings
1UNITED STATES OF AMER TREAS BILLS 0.125% BDS 15/07/26 USD10010.2%
2ROYAL BANK OF SCOTLAND GROUP PLC1.57%
3BANKIA SA 4% MTN 22/05/24 EUR1000001.53%
4UBS AG 4.75% BDS 12/12/26 EUR1000001.41%
5ENECO HOLDING NV 3.25% UNDATED BDS EUR1000001.38%
6EDF 5% UNDATED NTS EUR1000001.37%
7CENCOSUD SA 6.625% BDS 12/02/45 USD200000 REG S1.34%
8ASSICURAZIONI GENERALI SPA 1% NTS 12/12/42 EUR1000001.33%
9HALIFAX 9.375% SUBORD BDS 15/5/2021 GBP(VAR)(BR)1.31%
Management
Fund manager group
Schroders
Fund manager company
Schroder UT Managers
Fund type
Unit Trust
Fund objective
The fund's investment objective is to provide a total return. The fund will invest in bonds issued by governments, government agencies and companies worldwide. The fund has no set target in respect of any country or sector but has the flexibility to focus on investments which offer the most attractive opportunities. The fund will invest in bonds issued either in sterling, or in another currency which may be hedged back into sterling (to reduce or remove the risk of loss through currency movements). The fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The fund may use leverage and take indirect short positions.
Benchmark
  • No Specified Index
Investment style
Total Return,Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Gareth Isaac26/03/2012Gareth Isaac, CFA, is Senior Portfolio Manager, Multi Sector. He is Global fixed income fund manager, based in London. Gareth joined Schroders in 2011. In 2009, following their purchase of SGAM, he joined GLG Partners where he was a fixed income fund manager. In 2007, he worked as Senior Fixed Income Fund manager at Societe Generale Asset Management in Paris and in 2004 he became the Fixed Income Fund Manager at Axa Investment Managers. In 1998, he was an Assistant Fund Manager, then Fixed Income Manager at Newton Asset Management. Prior to this, Gareth worked at Manulife Financial and Midland Security Services. He graduated as BSc from the University of Glamorgan and is a member of the United Kingdom Society of Investment Professionals.
Paul Grainger21/03/2016Paul joined Gartmore in 1999 and is responsible for managing our gilt portfolios. His career began with BZW Securities, selling a wide varity of fixed income products. Paul subsequently moved to BGI, where he was responsible for trading and managing their fixed income index funds. Paul graduated from Exeter University in 1995 with a BA in Economics and European Studies. He has passed level II of the CFA examination.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Schroder Strategic Bond A Acc
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.49%
Bid price-
Offer price-
Mid price60.4
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0Z9I
Schroder Strategic Bond A Inc
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.49%
Bid price-
Offer price-
Mid price52.49
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0Z9J
Schroder Strategic Bond L Acc
Initial charge-
Annual charge0.5%
Min single investment£25,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.59%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price62.8
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0Z9L
Schroder Strategic Bond L Inc
Initial charge-
Annual charge0.5%
Min single investment£25,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.59%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price54.45
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0Z9K
Schroder Strategic Bond X Gr Inc
Initial charge-
Annual charge-
Min single investment£100,000
Min regular saving£20,000
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price56.2
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG15M
Schroder Strategic Bond Z Acc
Initial charge-
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price62.18
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0Z9M
Schroder Strategic Bond Z Inc
Initial charge-
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price54.17
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0Z9N
Data provided by

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