Fact sheet: Schroder UK Smaller Companies

Fund information
Fund name
Schroder UK Smaller Companies Z Acc
Fund manager company
Schroder UT Managers
Fund type
Unit Trust
Fund managers
  • Andrew Broughsince 01/03/1994
Fund objective
The fund aims to provide capital growth. At least 80% of the fund will be invested in shares of smaller-sized UK companies. The fund has no bias to any particular industry. The companies will be in the bottom 10% by size of the UK market at the time of purchase. The small cap universe is an extensive, diverse and constantly changing area of the UK market. Smaller companies offer investors exposure to some niche growth areas that, often, cannot be accessed through large companies. They also tend to grow more rapidly than larger firms and can go on to become household names. Our investment approach centres on stock selection, which means we focus on each company's ability to create value for shareholders, rather than try to predict what will happen in the wider economic environment. 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 UK Series Small Cap ex Investment Trusts TR
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
20.6%
1 Year rank in sector
18/49
Sector
UT UK Smaller Companies
Yield
0.9%
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.
0.91%
Fund size
£656m (£555m 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.
66
Bid price
126
Offer price
129.3
Top in this sector
Fund name1 Year
Cavendish AIM41.6%
The MI Discretionary Unit32.8%
Jupiter UK Smaller Companies29.1%
Schroder UK Dynamic Sm Cos27.8%
Old Mutual UK Sm Cos27%
...more in UT UK Smaller Companies

Performance snapshot

Holdings snapshot

  • UK95.5%
    Money Market1.9%
    Israel1.3%
    Germany1%
    Jersey0.2%
  • Industrials24.7%
    Consumer Services17.4%
    Technology16%
    Financials15%
    Consumer Goods12.6%
  • UK Equities95.7%
    Money Market1.9%
    Israeli Equities1.3%
    German Equities1%
    Canadian Equities0%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%7.1%12.9%20.6%37.6%138.8%
Sector0.7%7.4%10%17.8%22.8%90.3%
Rank within sector32 / 4928 / 4912 / 4918 / 4914 / 476 / 45
Quartile3rd3rd1st2nd2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund6.3%13.6%20%-2.4%46.5%
Sector6.6%7.7%14.2%-1.9%37.4%
Rank within sector27 / 497 / 4812 / 4831 / 4710 / 46
Quartile3rd1st1st3rd1st
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.
3.14
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.
1.06
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.
0.62
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%.
11.39
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.
3.16
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.
1.1
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.
0.92
Price movement
52 week high126.8
52 week low93.62
Current bid price126
Current offer price129.3
Current mid price-
Region
1UK95.49%
2Money Market1.9%
3Israel1.34%
4Germany1.02%
5Jersey0.23%
6Canada0.02%
Industry sector
1Industrials24.7%
2Consumer Services17.44%
3Technology15.97%
4Financials14.96%
5Consumer Goods12.55%
6Health Care7.98%
7Basic Materials2.35%
8Oil & Gas2.13%
9Money Market1.9%
Asset type
1UK Equities95.72%
2Money Market1.9%
3Israeli Equities1.34%
4German Equities1.02%
5Canadian Equities0.02%
Individual holdings
1PHOTO-ME INTERNATIONAL2.39%
2DART GROUP PLC2.27%
3LIONTRUST ASSET MANAGEMENT2.23%
4DIALIGHT2.08%
5CONSORT MEDICAL PLC2.07%
6COHORT1.96%
7MYSALE GROUP PLC1.94%
8M J Gleeson1.9%
9AVON RUBBER1.81%
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 shares of smaller-sized UK companies. The fund has no bias to any particular industry. The companies will be in the bottom 10% by size of the UK market at the time of purchase. The small cap universe is an extensive, diverse and constantly changing area of the UK market. Smaller companies offer investors exposure to some niche growth areas that, often, cannot be accessed through large companies. They also tend to grow more rapidly than larger firms and can go on to become household names. Our investment approach centres on stock selection, which means we focus on each company's ability to create value for shareholders, rather than try to predict what will happen in the wider economic environment. 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 UK Series Small Cap ex Investment Trusts TR
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Andrew Brough01/03/1994Andy is Co-Head of our Pan European Small and Mid Cap Team. His investment career commenced in 1987 when he joined Schroders as a UK equity fund manager, becoming Co-Head of our UK Small Cap Team in 2002. He joined Price Waterhouse in 1985, where he qualified as a Chartered Accountant. He holds a Degree in Economics.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Schroder UK Smaller Companies 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)1.66%
Bid price3586
Offer price3679
Mid price-
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeUM14
Schroder UK Smaller Companies 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)1.66%
Bid price2681
Offer price2750
Mid price-
CurrencyGBX
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeUM15
Schroder UK Smaller Companies 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)0.91%
Bid price126
Offer price129.3
Mid price-
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0HD5
Schroder UK Smaller Companies 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)0.91%
Bid price120.1
Offer price123.2
Mid price-
CurrencyGBX
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0HD6
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