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
  • Thomas Sartainsince 01/09/2016
  • Michael Scottsince 01/09/2016
  • Paul Graingersince 21/03/2016
  • James Lindsay-Fynnsince 01/09/2016
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
7.5%
1 Year rank in sector
44/81
Sector
UT Sterling Strategic Bond
Yield
3.6%
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.
0.79%
Fund size
£119m (£99m 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.
23
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc15.4%
Fidelity UK Inv Grd Lg Cr14%
AXA Framlington Mgd Inc12.6%
Insight Infln Link Corp Bd12.5%
Fidelity I Stg Cr + Bd12.1%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • USA32%
    UK20.2%
    Germany6.4%
    Netherlands4.8%
    Italy4.7%
  • Industrials34.2%
    Financials29.5%
    Government Bonds25%
    Government Agency Bonds4.4%
    Utilities3.8%
  • US Fixed Interest32%
    UK Fixed Interest20.2%
    German Fixed Interest6.4%
    Dutch Fixed Interest4.8%
    Italian Fixed Interest4.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%2.2%2.7%7.5%7.3%27.3%
Sector0%1.9%0.1%7.4%13.5%29.3%
Rank within sector39 / 8533 / 8513 / 8444 / 8165 / 7447 / 63
Quartile2nd2nd1st3rd4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund2.1%5.3%-0.1%3%5.9%
Sector1.6%7.3%-0.3%6.8%2.6%
Rank within sector17 / 8561 / 7943 / 7564 / 7316 / 65
Quartile1st4th3rd4th1st
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.
-0.17
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.
0.66
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%.
3.75
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.
3.17
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.
-0.5
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.
0.37
Price movement
52 week high63.98
52 week low58.89
Current bid price-
Current offer price-
Current mid price63.66
Region
1USA32.01%
2UK20.21%
3Germany6.38%
4Netherlands4.8%
5Italy4.72%
6France4.42%
7Spain3.53%
8Mexico3.09%
9Luxembourg2.77%
Industry sector
1Industrials34.18%
2Financials29.53%
3Government Bonds24.98%
4Government Agency Bonds4.38%
5Utilities3.79%
6Money Market2.65%
7Asset/Mortgage-Backed Securities1.79%
8Local Government Bonds0.9%
9Derivatives-2.18%
Asset type
1US Fixed Interest32.01%
2UK Fixed Interest20.21%
3German Fixed Interest6.38%
4Dutch Fixed Interest4.8%
5Italian Fixed Interest4.72%
6French Fixed Interest4.42%
7Spanish Fixed Interest3.53%
8Mexican Fixed Interest3.09%
9Luxembourg Fixed Interest2.77%
Individual holdings
1UNITED STATES OF AMER TREAS BILLS 0.125% BDS 15/07/26 USD10016.35%
2TREASURY 1.25% IDX-LKD GILT 22/11/55 GBP0.012.29%
3CYBG PLC 5% REST CALL SUB NTS 09/02/26 GBP 21.82%
4ALBA GROUP 8% BDS 15/05/18 EUR100000 REG S1.63%
5BARCLAYS PLC 3.125% NTS 17/01/24 GBP1000001.54%
6ROYAL BANK OF SCOTLAND GROUP PLC1.34%
7BANKIA SA 4% MTN 22/05/24 EUR1000001.3%
8ENEL SPA 8.75% BDS 24/09/73 USD10001.22%
9ACHMEA BV 4.25% UNDATED BDS EUR1000001.2%
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
Thomas Sartain01/09/2016Thomas Sartain is UK & European Money Market & Government Bond Fund Manager, based in London.He Joined Schroders in 2005 as fund manager’s assistant on the global fixed income desk. His Financial Markets career commenced in 2003 upon joining Royal Bank of Scotland. He has BA (Hons) degree in Management and Business Administration, University of Reading.
Michael Scott01/09/2016Michael Scott transferred to the European and UK credit desk as a Portfolio Manager in 2010. He initially joined Schroders in 2006 as a European Industrials credit analyst, covering investment grade and high yield issuers. Prior to this, Michael worked at Cazenove from 2005. Michael holds a BA (Hons) degree in geography from Oxford University, and is a CFA charter holder.
Paul Grainger21/03/2016Paul Grainger joined Schroders in 2015 as a Senior Portfolio Manager in the Fixed Income team, based in London. His earlier career began in 1995 within the BZW Securities graduate training programme where he rotated through Fixed Income sales and trading and into asset management at Barclays Global Investors. In 1999 he moved to Gartmore as a Senior Portfolio Manager and then moved to F&C Asset Management in 2003. In 2006 he moved to Wellington Management as a Portfolio Manager and latterly in 2014, co-founded a financial technology firm named yoyoDATA before moving to Schroders in 2015. Paul graduated from Exeter University in 1995 with a B.A. in Economics and European Studies and he is a Member of the United Kingdom Society of investment professionals and a CFA Charterholder.
James Lindsay-Fynn01/09/2016
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 price61.72
CurrencyGBX
Price updated28/03/2017
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 price52.78
CurrencyGBX
Price updated28/03/2017
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 price64.33
CurrencyGBX
Price updated28/03/2017
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 price54.87
CurrencyGBX
Price updated28/03/2017
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 price56.6
CurrencyGBX
Price updated28/03/2017
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 price63.66
CurrencyGBX
Price updated28/03/2017
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 price54.58
CurrencyGBX
Price updated28/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0Z9N
Data provided by

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