Fact sheet: Schroder ISF GCrDrHg

Fund information

Fund name
Schroder ISF Global Credit Duration Hedged C Acc EUR
Fund company manager
Schroder Investmt Mgt(LUX)S.A.
Fund type
SIB
Fund manager(s)
Wesley Sparks
since 22/03/2011
Rick Rezek
since 22/03/2011
Fund objective
The fund aims to provide income and capital growth by investing in bonds issued by companies worldwide. The fund invests at least two-thirds of its assets in bonds denominated in various currencies and issued by companies worldwide. The fund invests in the full credit spectrum of bonds. The fund may invest up to 40% 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); up to 20% of its assets in bonds issued by governments and government agencies; and up to 10% of its assets in contingent convertible bonds. The manager believes the fund provides investors the opportunity to benefit from investing in corporate bonds, but removes the underlying interest rate risk (duration). Duration hedging aims to provide protection against the risk of capital loss due to the effect of rising interest rates. In other words duration hedging allows us to remove a large proportion of interest rate risk. However, this also means that the fund will not benefit from the capital gains normally associated with periods of falling interest rates when conventional corporate bond funds with duration would be expected to produce higher returns. The fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the fund more efficiently. The fund may use leverage and take short positions. The fund may also hold cash.
Benchmark
EURIBOR 3 Month
Investment style
None
Investment method
Fixed Interest

Quick stats

1 Year return

2.11 %

1 Year rank in sector

-

Sector

FO Fixed Int - Global

Yield

2.99

Fund size

£ 75.0 m

FE Risk score

21

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    60.56%
  • UK
    6.5%
  • Not Specified
    5.84%
  • France
    3.52%
  • Netherlands
    3.39%
  • BBB
    55.49%
  • A
    23.95%
  • AA
    8.32%
  • AAA
    6.87%
  • BB
    3.82%
  • US Fixed Interest
    60.56%
  • UK Fixed Interest
    7.21%
  • Money Market
    5.71%
  • French Fixed Interest
    3.52%
  • Dutch Fixed Interest
    3.39%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.57 %1.6 %2.25 %3.97 %7.09 %
Sector0.11 %1.66 %1.73 %6.22 %9.18 %
Rank within sector / / / / /
Quartile th th th th th th

Calendar performance

YTD-20172016201520142013
Fund1.55 %4.47 %-1.49 %-0.19 %2.53 %
Sector3.47 %4.59 %-1.64 %3.66 %-1.56 %
Rank within sector / / / / /
Quartile th th th th th th

Risk statistics

Alpha-0.25
Beta0.59
Sharpe-0
Volatility3.63
Tracking error3.45
Information ratio-0.32
R-Squared0.19

Price movement

52 week high120.299
52 week low116.8014
Current bid price120.2967
Current offer price121.5118
Current mid price0

Holdings by region

  • 60.56% USA
  • 6.5% UK
  • 5.84% Not Specified
  • 3.52% France
  • 3.39% Netherlands
  • 2.08% Spain
  • 2% Ireland
  • 1.76% Mexico
  • 1.68% Switzerland
  • 1.31% Canada

Holdings by sector

  • 55.49% BBB
  • 23.95% A
  • 8.32% AA
  • 6.87% AAA
  • 3.82% BB
  • 1.13% B
  • 0.42% Non-Rated

Holdings by asset type

  • 60.56% US Fixed Interest
  • 7.21% UK Fixed Interest
  • 5.71% Money Market
  • 3.52% French Fixed Interest
  • 3.39% Dutch Fixed Interest
  • 2.12% American Emerging Fixed Interest
  • 2.08% Spanish Fixed Interest
  • 2% Irish Fixed Interest
  • 1.76% Mexican Fixed Interest
  • 1.68% Swiss Fixed Interest

Individual holdings

  • 2.22% UNITED STATES OF AMER TREAS BILLS 2.25% TB 15/08/27 USD100
  • 1.46% UNITED STATES OF AMER TREAS BILLS 0% BDS 01/02/18 USD100
  • 1.44% RBLN 2.75% 26/06/24
  • 1.41% BAT CAPITAL CORP 3.222% NTS 15/08/24 USD2000144A
  • 1.33% Citigroup Inc.
  • 1.28% BANK OF AMERICA CORP 3.705% BDS 24/04/28 USD2000
  • 1.08% EQT CORP 3.9% BDS 01/10/27 USD1000
  • 1% AT&T INC 4.9% BDS 14/08/37 USD2000
  • 0.99% DIGITAL REALTY TRUST INC 3.7% BDS 15/08/27 USD2000
  • 0.97% SHERWIN-WILLIAMS CO 3.45% BDS 01/06/27 USD2000