Fact sheet: Schroder Strategic Credit

Fund information

Fund name
Schroder Strategic Credit Z Acc
Fund company manager
Schroder UT Managers
Fund type
OEIC
Fund manager
Peter Harvey
since 04/04/2006
Fund objective
The fund's investment objective is to provide a total return. The fund invests in bonds issued by companies in the UK and Europe, with the flexibility to exploit opportunities across the fixed income spectrum to build a diversified portfolio of bonds. This will include bonds that have been awarded lower ratings from credit agencies, or no ratings at all. The fund also has the flexibility to invest outside Europe, and in bonds issued by governments or government agencies. The fund has no set target in respect of any country or sector but seeks to focus on investments which offer the most attractive returns. Investments in bonds issued in a foreign currency will be hedged to reduce the effects of exchange rate fluctuations between that currency and the fund's base currency, pounds sterling. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The fund may use leverage and take indirect short positions.
Benchmark
3-month Treasury bills
Investment style
Strategic Investment
Investment method
Fixed Interest

Performance snapshot

Quick stats

1 Year return

5.07 %

1 Year rank in sector

25/81

Sector

UT Sterling Strategic Bond

Yield

4.03

Fund size

£ 913.8 m

FE Risk score

14

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • UK
    42.08%
  • Germany
    9.76%
  • France
    6.96%
  • Luxembourg
    6.18%
  • Netherlands
    5.83%
  • Industrials
    55.57%
  • Financials
    29.83%
  • Mortgage & Secured Bonds
    6.3%
  • Utilities
    6.12%
  • Money Market
    2.63%
  • UK Fixed Interest
    42.49%
  • German Fixed Interest
    9.76%
  • French Fixed Interest
    6.96%
  • Luxembourg Fixed Interest
    6.18%
  • Dutch Fixed Interest
    5.83%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.25 %2.48 %5.07 %12.28 %21.35 %
Sector-0.54 %2.22 %2.93 %12.78 %25.23 %
Rank within sector19 / 8338 / 8225 / 8146 / 7350 / 63
Quartile th1 st2 nd2 nd3 rd4 th

Calendar performance

YTD-20172016201520142013
Fund3.95 %5.32 %2.36 %2.09 %3.52 %
Sector3.59 %7.28 %-0.29 %6.75 %2.59 %
Rank within sector36 / 8257 / 766 / 7368 / 7230 / 65
Quartile th2 nd3 rd1 st4 th2 nd

Risk statistics

Alpha1.57
Beta0.54
Sharpe0.12
Volatility2.42
Tracking error2.2
Information ratio-0.12
R-Squared0.58

Price movement

52 week high56.6
52 week low53.82
Current bid price0
Current offer price0
Current mid price56.6

Holdings by region

  • 42.08% UK
  • 9.76% Germany
  • 6.96% France
  • 6.18% Luxembourg
  • 5.83% Netherlands
  • 5.51% USA
  • 4.64% Spain
  • 3.89% Italy
  • 3.26% Canada
  • 2.63% Money Market

Holdings by sector

  • 55.57% Industrials
  • 29.83% Financials
  • 6.3% Mortgage & Secured Bonds
  • 6.12% Utilities
  • 2.63% Money Market
  • 0.39% Government Agency Bonds
  • -0.84% Derivatives

Holdings by asset type

  • 42.49% UK Fixed Interest
  • 9.76% German Fixed Interest
  • 6.96% French Fixed Interest
  • 6.18% Luxembourg Fixed Interest
  • 5.83% Dutch Fixed Interest
  • 5.51% US Fixed Interest
  • 4.64% Spanish Fixed Interest
  • 3.89% Italian Fixed Interest
  • 3.26% Canadian Fixed Interest
  • 2.63% Money Market

Individual holdings

  • 2.18% ABN AMRO BANK NV FRN 30/11/18 GBP100000
  • 1.58% SAINSBURY(J) 6.5% UNDATED BDS GBP1000 REG S
  • 1.42% Ineos Finance PLC 4% 01/05/2023
  • 1.38% BMW INTL INVESTMENT NV FRN 15/02/19 GBP1000
  • 1.3% SCHAEFFLER FINANCE BV 4.75% BDS 15/05/23 USD200000 144A
  • 1.28% KONINKLIJKE KPN NV 6.875% BDS 14/03/73 GBP1000
  • 1.16% VERALLIA PACKAGING SASU 5.125% BDS 01/08/22 EUR100000
  • 1.11% BANQUE FEDERATIVE DU CREDIT MUTUAL FRN 07/02/19 GBP100000
  • 1.11% DEUT PFANDBRIEFBANK AG FRN 13/01/20 GBP100000
  • 1.05% DEUT PFANDBRIEFBANK AG FRN 29/09/17 GBP100000