Fact sheet: Schroder UK Corporate Bond

Fund information

Fund name
Schroder UK Corporate Bond Z Acc
Fund company manager
Schroder UT Managers
Fund type
OIC
Fund manager
Alexander Smitten
since 06/06/2008
Fund objective
The fund's investment objective is to provide a total return. At least 80% of the fund will be invested in bonds issued by UK companies or bonds that have been hedged back to Sterling. The central appeal of the corporate bond market is that bonds in this sector generally offer higher interest payments than those available on government bonds, creating the potential for higher returns over the longer term. Corporate bonds also tend to be less volatile than shares of companies. 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
Bank of America Merrill Lynch Sterling Corporate & Collateralised
Investment style
None
Investment method
Fixed Interest

Performance snapshot

Quick stats

1 Year return

11.67 %

1 Year rank in sector

13/90

Sector

UT Sterling Corporate Bond

Yield

4.03

Fund size

£ 235.9 m

FE Risk score

40

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • UK
    57.5775%
  • USA
    10.0794%
  • France
    9.5037%
  • Germany
    4.0798%
  • Netherlands
    2.8018%
  • Financials
    31.3073%
  • Industrials
    29.9117%
  • Utilities
    18.2513%
  • Mortgage & Secured Bonds
    17.1727%
  • Government Bonds
    1.978%
  • UK Fixed Interest
    57.5775%
  • US Fixed Interest
    10.0794%
  • French Fixed Interest
    9.5037%
  • German Fixed Interest
    4.0798%
  • Dutch Fixed Interest
    2.8018%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund1.23 %6.85 %11.77 %22.8 %39.19 %
Sector0.83 %4.88 %8.75 %19.96 %34.12 %
Rank within sector12 / 9711 / 9513 / 9024 / 8425 / 70
Quartile th1 st1 st1 st2 nd2 nd

Calendar performance

YTD-20172016201520142013
Fund5.86 %10.86 %-1.02 %10.03 %1.61 %
Sector4.05 %9.08 %-0.3 %10.06 %0.21 %
Rank within sector5 / 9518 / 8871 / 8647 / 8324 / 77
Quartile th1 st1 st4 th3 rd2 nd

Risk statistics

Alpha-0.25
Beta1.2
Sharpe0.51
Volatility6.47
Tracking error1.31
Information ratio0.64
R-Squared0.99

Price movement

52 week high148.4
52 week low133.3
Current bid price0
Current offer price0
Current mid price148.1

Holdings by region

  • 57.5775% UK
  • 10.0794% USA
  • 9.5037% France
  • 4.0798% Germany
  • 2.8018% Netherlands
  • 2.3606% Switzerland
  • 1.9626% Spain
  • 1.8778% Italy
  • 1.7185% Belgium
  • 1.41% Brazil

Holdings by sector

  • 31.3073% Financials
  • 29.9117% Industrials
  • 18.2513% Utilities
  • 17.1727% Mortgage & Secured Bonds
  • 1.978% Government Bonds
  • 0.8456% Money Market
  • 0.6494% Government Agency Bonds
  • -0.116% Derivatives

Holdings by asset type

  • 57.5775% UK Fixed Interest
  • 10.0794% US Fixed Interest
  • 9.5037% French Fixed Interest
  • 4.0798% German Fixed Interest
  • 2.8018% Dutch Fixed Interest
  • 2.3606% Swiss Fixed Interest
  • 1.9626% Spanish Fixed Interest
  • 1.8778% Italian Fixed Interest
  • 1.7185% Belgian Fixed Interest
  • 1.41% Brazilian Fixed Interest

Individual holdings

  • 1.72% ANHEUSER-BUSCH INBEV SA/NV 2.85% NTS 25/05/37 GBP1000
  • 1.71% AXA 5.625% BDS 16/01/54 GBP1000
  • 1.67% AT&T INC 7% BDS 30/04/40 GBP(VAR)
  • 1.56% MORGAN STANLEY 2.625
  • 1.55% DIGITAL STOUT HLDGS LLC 4.25% BDS 17/01/25 GBP100000
  • 1.46% NATIONAL GRID GAS FINANCE PLC 2.75% INST 22/09/46 GBP100000
  • 1.4% ORANGE SA 5.375% BDS 22/11/50 GBP50000
  • 1.35% E.ON INTERNATIONAL FINANCE 6.75% MTN 27/01/39 GBP50000
  • 1.35% EDF 5.5% BDS 17/10/41 GBP100000
  • 1.33% BANK OF SCOTLAND PLC 7.281% FXD/FLTG PERP GBP1000 SER`B`REG`S