Fact sheet: Schroder ISF Asn ConBd

Fund information

Fund name
Schroder ISF Asian Convertible Bond A1 NAV USD
Fund company manager
Schroder Investmt Mgt(LUX)S.A.
Fund type
SIB
Fund manager(s)
Peter Reinmuth
since 29/11/2013
Chris Richards
since 29/11/2013
Fund objective
The fund aims to provide capital growth by investing in convertible securities issued by companies in Asia (excluding Japan). The fund invests at least two-thirds of its assets in a diversified range of convertible bonds issued by companies in Asia excluding Japan. The fund may also invest in equities of Asian companies (excluding Japan). Convertible bonds are typically corporate bonds that can be converted into equities at a given price. As such, the manager believes investors can gain exposure to Asian (excluding Japan) equity markets with the defensive benefits and less volatile characteristics of a bond investment. The fund may invest in excess of 50% of its assets in bonds that have a below investment grade credit rating (as measured by Standard & Poor's or any equivalent grade of other credit rating agencies for rated bonds and implied Schroders ratings for non-rated bonds). The fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the fund more efficiently. The fund may also hold cash.
Benchmark
THOMSON REUTERS Convertible Bond Asia ex-Japan
Investment style
None
Investment method
Convertibles

Quick stats

1 Year return

9.59 %

1 Year rank in sector

19/78

Sector

FO Convertible

Yield
-
Fund size

£ 120.0 m

FE Risk score

52

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Cayman Islands
    25.88%
  • China
    25.13%
  • Bermuda
    11.49%
  • British Virgin Islands
    10.26%
  • Taiwan
    9.72%
  • Industrials
    79.1%
  • Utilities
    11.47%
  • Financials
    7.34%
  • Others
    2.09%
  • American Emerging Fixed Interest
    36.15%
  • Chinese Fixed Interest
    25.13%
  • North American Fixed Interest
    11.49%
  • Taiwanese Fixed Interest
    9.72%
  • Hong Kong Fixed Interest
    5.75%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund2.81 %5.55 %9.59 %16.26 %20.22 %
Sector2.05 %2.67 %6.09 %10.94 %24.36 %
Rank within sector16 / 808 / 7919 / 7817 / 6631 / 52
Quartile th1 st1 st1 st2 nd3 rd

Calendar performance

YTD-20182017201620152014
Fund0.92 %8.85 %0.26 %5.85 %1.13 %
Sector1.44 %5.22 %0.75 %2.92 %2.27 %
Rank within sector66 / 7814 / 7839 / 7412 / 6548 / 59
Quartile th4 th1 st3 rd1 st4 th

Risk statistics

Alpha2.3
Beta0.91
Sharpe0.2
Volatility7.01
Tracking error4.93
Information ratio0.39
R-Squared0.5

Price movement

52 week high131.5846
52 week low119.156
Current bid price0
Current offer price0
Current mid price130.9469

Holdings by region

  • 25.88% Cayman Islands
  • 25.13% China
  • 11.49% Bermuda
  • 10.26% British Virgin Islands
  • 9.72% Taiwan
  • 5.75% Hong Kong
  • 2.79% Malaysia
  • 2.5% Philippines
  • 2.09% Not Specified
  • 1.64% Singapore

Holdings by sector

  • 79.1% Industrials
  • 11.47% Utilities
  • 7.34% Financials
  • 2.09% Others

Holdings by asset type

  • 36.15% American Emerging Fixed Interest
  • 25.13% Chinese Fixed Interest
  • 11.49% North American Fixed Interest
  • 9.72% Taiwanese Fixed Interest
  • 5.75% Hong Kong Fixed Interest
  • 2.79% Malaysian Fixed Interest
  • 2.5% Philippine Fixed Interest
  • 2.08% Money Market
  • 1.64% Singapore Fixed Interest
  • 1.09% Thai Fixed Interest

Individual holdings

  • 7.49% HAIER ELECTRONICS GROUP CO LTD 0% CNV BDS 21/11/22(HAIER)HKD1000REG S
  • 5.92% CHINA RAILWAY CONSTRUCTION CORP 0% CNV BDS 29/01/21 USD250000REG S
  • 4.84% HAITONG INTL SECURITIES GROUP LTD 0% CNV BDS 25/10/19 HKD2000000REG S
  • 4.79% CRRC CORP LTD 0% CNV BDS 05/02/21 USD600000000 REG S
  • 4.37% KUNLUN ENERGY CO LTD 1.625% CNV BDS 25/07/19 USD1000
  • 4.26% SEMICONDUCTOR MANUFACTURING INTL CO 0% CNV BDS 30/06/22 USD250000 REG S
  • 4% CHINA YANGTZE PWR INT BV 0% CNV BDS 09/11/21 USD200000
  • 3.82% UNITED MICROELECTRONICS CORP 0% CNV BDS 18/05/20 USD200000 REG S
  • 3.43% BAGAN CAPITAL LTD 0% CNV BDS 23/09/21 USD1000
  • 3.3% CROTONA ASSETS LTD 4% CNV BDS 14/04/19 USD200000