Fact sheet: Schroder UK Alpha Plus

Fund information
Fund name
Schroder UK Alpha Plus Z Acc
Fund manager company
Schroder UT Managers
Fund type
Unit Trust
Fund managers
  • Philip Matthewssince 16/10/2013
Fund objective
The fund aims to provide capital growth. At least 80% of the fund will be invested in a concentrated range of shares of UK companies. The fund has no bias to any particular industry or size of company. 'Alpha' funds invest in companies in which we have a high conviction that the current share price does not reflect the future prospects for that business. The fund will typically hold between 50 and 60 companies. The fund will invest in companies which offer the best combination of value and quality in the market. Attention is paid to balance sheet strength, cash generation and where the company is in the business cycle. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to reduce risk or manage the fund more effectively.
Benchmark
  • FTSE All Share Total Return Index
Investment style
Value
Investment method
Shares
Quick stats
1 Year return
15.9%
1 Year rank in sector
214/271
Sector
UT UK All Companies
Yield
2.1%
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
£1,019m (£1,071m 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.
90
Bid price
81.9
Offer price
82.51
Top in this sector
Fund name1 Year
Stan Life Inv UK Eq Recvry38.4%
Old Mutual Equity 133.6%
MI Chelverton UK Equ Grth33.5%
Old Mutual UK Mid Cap32.9%
R&M UK Equity Long Term Recovery31.3%
...more in UT UK All Companies

Performance snapshot

Holdings snapshot

  • UK100.3%
    Money Market-0.3%
  • Financials24%
    Consumer Services19.1%
    Industrials14.3%
    Oil & Gas14.2%
    Health Care9.4%
  • UK Equities100%
    Money Market-0%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%3.1%6.3%15.9%19.7%70.9%
Sector1.9%5.4%9.6%18.8%22.9%63.5%
Rank within sector189 / 279228 / 279229 / 275214 / 271187 / 257106 / 242
Quartile3rd4th4th4th3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund2.9%12.7%3%-0.8%29%
Sector6%11.2%3.7%0.6%25.7%
Rank within sector257 / 277128 / 269149 / 260201 / 25593 / 248
Quartile4th2nd3rd4th2nd
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.
-0.48
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
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.
0.3
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%.
9.28
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.
2.36
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.
0.94
Price movement
52 week high82.62
52 week low65.81
Current bid price81.9
Current offer price82.51
Current mid price-
Region
1UK100.28%
2Money Market-0.28%
Industry sector
1Financials24.02%
2Consumer Services19.06%
3Industrials14.35%
4Oil & Gas14.15%
5Health Care9.42%
6Technology6.71%
7Consumer Goods5.4%
8Telecommunications3.93%
9Utilities3.25%
Asset type
1UK Equities100.03%
2Money Market-0.03%
Individual holdings
1ROYAL DUTCH SHELL8.58%
2BRITISH AMERICAN TOBACCO5.4%
3BP5.29%
4GLAXOSMITHKLINE4.74%
5AVIVA4.68%
6STANDARD CHARTERED4.64%
7LLOYDS BANKING GROUP PLC4.38%
8TESCO3.75%
9BALFOUR BEATTY3.46%
Management
Fund manager group
Schroders
Fund manager company
Schroder UT Managers
Fund type
Unit Trust
Fund objective
The fund aims to provide capital growth. At least 80% of the fund will be invested in a concentrated range of shares of UK companies. The fund has no bias to any particular industry or size of company. 'Alpha' funds invest in companies in which we have a high conviction that the current share price does not reflect the future prospects for that business. The fund will typically hold between 50 and 60 companies. The fund will invest in companies which offer the best combination of value and quality in the market. Attention is paid to balance sheet strength, cash generation and where the company is in the business cycle. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to reduce risk or manage the fund more effectively.
Benchmark
  • FTSE All Share Total Return Index
Investment style
Value
Investment method
Shares
Fund managers
NameSinceBiography
Philip Matthews16/10/2013Philip Matthews joined Schroders in October 2013 to take over management of the Schroder UK Alpha Plus Fund. At the beginning of 1999 Philip joined Jupiter's fund management department and has managed both retail and UK institutional portfolios since November 2001. Philip has managed the Jupiter Growth & Income Fund since April 2006 and was also the Deputy Fund Manager of Jupiter Income Trust. Prior to this Philip worked at Chesterton plc in the Residential Investment and Development Department. Philip Matthews studied at Cambridge University where he gained a degree in Modern & Medieval Languages.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Schroder UK Alpha Plus 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 price207
Offer price208.5
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQA58
Schroder UK Alpha Plus 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 price174.7
Offer price176
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeQA67
Schroder UK Alpha Plus 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 price63.17
Offer price63.64
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJOVV
Schroder UK Alpha Plus 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 price59.06
Offer price59.5
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJOVW
Schroder UK Alpha Plus 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 price81.9
Offer price82.51
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNND3
Schroder UK Alpha Plus 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 price73.84
Offer price74.4
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNND4
Data provided by

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