Fact sheet: Zurich SchIncMaximiserPn

Fund information
Fund name
Zurich Schroder Income Maximiser Pn ZP
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund managers
  • Mike Hodgsonsince 25/07/2016
  • Kevin Murphysince 25/07/2016
  • Nick Kirragesince 25/07/2016
Underlying fund
Schroder Income Maximiser
Fund objective
The fund aims to provide income and capital growth. The fund aims to deliver a target income of 7% per year but this is not guaranteed and could change depending on market conditions. At least 80% of the fund will be invested in shares of UK companies. The fund has no bias to any particular industry or size of company. The fund invests in 'value' stocks – those whose share prices appear low relative to their long-term profit potential, and which are typically paying an attractive and growing dividend. The fund generates its income from two sources; dividends received from shares in companies; and cash received from selling some potential future growth of the fund's holdings using derivatives. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives will be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The strategy will typically underperform a similar portfolio without derivatives in periods when the underlying stock prices are rising, and outperform when the underlying stock prices are falling.
Benchmark
  • FTSE All Share TR
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
24.2%
1 Year rank in sector
21/225
Sector
PN UK Equity Income
Yield
-
Fund size
£2m (£2m 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.
97
Top in this sector
Fund name1 Year
OMW UBS UK Equity Income39.9%
OMW IPLM&GGlLePn37.6%
FL Income Accumulation Pn30.1%
FL Schroder Inc AP28.3%
Scot Eq Schroder Income Pn27.8%
...more in PN UK Equity Income

Performance snapshot

Holdings snapshot

  • UK83.2%
    USA13.1%
    Australia3%
    Money Market1.5%
    Not Specified-0.9%
  • Financials31.3%
    Consumer Services17.5%
    Health Care11.3%
    Oil & Gas10.4%
    Technology8.5%
  • UK Equities83.3%
    US Equities13.3%
    Australian Equities2.8%
    Money Market1.7%
    Alternative Investment Strategies-1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%5.4%10.6%24.2%18.9%75.7%
Sector2.4%6.1%5.5%17.8%20.3%61.1%
Rank within sector204 / 231152 / 23119 / 22921 / 225123 / 20532 / 193
Quartile4th3rd1st1st3rd1st
Calendar performance
 YTD - 20172016201520142013
Fund1.6%21.2%-5.7%4.2%26.2%
Sector2.3%11.5%3.9%3.7%23.2%
Rank within sector154 / 23119 / 225198 / 22090 / 20555 / 197
Quartile3rd1st4th2nd2nd
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.
0.01
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.
0.98
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.
0.33
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%.
9.93
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.
4.42
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.
-0.04
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.
0.8
Price movement
52 week high246.4
52 week low189.1
Current bid price-
Current offer price-
Current mid price242.6
Region
1UK83.24%
2USA13.14%
3Australia2.97%
4Money Market1.5%
5Not Specified-0.85%
Industry sector
1Financials31.26%
2Consumer Services17.46%
3Health Care11.34%
4Oil & Gas10.42%
5Technology8.5%
6Basic Materials8.35%
7Utilities7.12%
8Telecommunications2.81%
9Industrials2.09%
Asset type
1UK Equities83.28%
2US Equities13.27%
3Australian Equities2.81%
4Money Market1.73%
5Alternative Investment Strategies-1.08%
Individual holdings
1HSBC HLDGS6.28%
2BP5.76%
3GLAXOSMITHKLINE5.32%
4ROYAL BANK OF SCOTLAND GROUP PLC4.9%
5AVIVA4.88%
6ROYAL DUTCH SHELL4.65%
7BARCLAYS PLC4.44%
8CENTRICA PLC4.39%
9PEARSON3.83%
Management
Fund manager group
Zurich
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund objective
The fund aims to provide income and capital growth. The fund aims to deliver a target income of 7% per year but this is not guaranteed and could change depending on market conditions. At least 80% of the fund will be invested in shares of UK companies. The fund has no bias to any particular industry or size of company. The fund invests in 'value' stocks – those whose share prices appear low relative to their long-term profit potential, and which are typically paying an attractive and growing dividend. The fund generates its income from two sources; dividends received from shares in companies; and cash received from selling some potential future growth of the fund's holdings using derivatives. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives will be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The strategy will typically underperform a similar portfolio without derivatives in periods when the underlying stock prices are rising, and outperform when the underlying stock prices are falling.
Benchmark
  • FTSE All Share TR
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Mike Hodgson25/07/2016Mike Hodgson is Head of Risk Managed Investments & Structuring at Schroders and has over 25 years of experience in financial markets. At Royal Bank of Scotland (formerly of ABN AMRO) he was Global Head of Equity Derivatives Structuring and Head of Fund Derivatives Trading and Structuring.
Kevin Murphy25/07/2016Kevin 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.
Nick Kirrage25/07/2016Nick 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.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Zurich Schroder Income Maximiser Pn Inet
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price215.6
Offer price215.6
Mid price-
CurrencyGBX
Price updated27/02/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeZ211
Zurich Schroder Income Maximiser Pn ZP
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.82%
Bid price-
Offer price-
Mid price242.6
CurrencyGBX
Price updated27/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZ039
Data provided by

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