Schroder Schroder Income Fund Z Income Class Z Inc
Report And Accounts
Simplified Prospectus / KIID
Private Investor Factsheet
Professional Investor Factsheet
Performance
Discrete performance - to last month end
| 30/06/19 to 30/06/20 |
30/06/20 to 30/06/21 |
30/06/21 to 30/06/22 |
30/06/22 to 30/06/23 |
30/06/23 to 30/06/24 |
|
|---|---|---|---|---|---|
| Fund | -22.6% | 32.2% | 9.1% | 4.0% | 17.6% |
| Sector | -13.6% | 25.4% | -0.3% | 4.3% | 14.5% |
| Rank | 73/74 | 14/74 | 3/76 | 46/77 | 13/77 |
| Quartile | 4 | 1 | 1 | 3 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/06/24 |
5 Years to 30/06/24 |
10 Years to 30/06/24 |
||
| Fund | 10.1% | 6.4% | 6.5% | |
| Sector | 6.0% | 5.2% | 5.3% | |
| Rank | 5/76 | 18/74 | 11/63 | |
| Quartile | 1 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| HSBC HOLDINGS | 3.67 |
| BARCLAYS | 3.66 |
| ROYAL BANK OF SCOTLAND GROUP | 3.58 |
| BRITISH LAND CO | 3.15 |
| SHELL | 3.08 |
| INTERNATIONAL DISTRIBUTION SERVICES | 3.04 |
| BRITISH AMERICAN TOBACCO | 2.98 |
| MARKS & SPENCER GROUP P.L.C. | 2.97 |
| AVIVA | 2.95 |
| TESCO | 2.74 |
| Total | 31.83 |
Fund Aims
The fund's investment objective is to provide a growing income, predominantly from investment in UK equities. In seeking a yield higher than that offered by the major UK equity indices, the fund will invest primarily in above-average yielding equities rather than fixed interest securities. Investment will be in directly held transferable securities. The fund may also invest in collective investment schemes, warrants and money market instruments.
Fund Manager
Andy Evans is a Fund Manager at Schroders, based in London. He joined Schroders in 2015
Andy was an Analyst at Threadneedle and Dresdner Kleinwort from 2001 to 2015
BSc in Economics from Exeter University
CFA Charterholder
Specialist Value UK equity fund manager with 10 years investment experience. Previously a sector analyst for Pan European Construction and Building Materials. Investment career commenced in 2000 in Schroders’ UK equity fund management team. Degree in Economics, Manchester University and CFA Charterholder.
Fund Overview
| Mid (19/07/2024) | 82.30p |
| Historic yield | 5.23% |
| Fund size (31/05/2024) | £1164.21m |
| Number of holdings | 44 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.89% |
| Launch date | 31/05/1987 |
Asset Allocation
| UK Equities | 81.90% | |
| International Equities | 9.06% | |
| Property | 5.48% | |
| Cash and Equivalents | 1.83% | |
| International Bonds | 1.73% |
Commentary
Not Applicable
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| UK Equities | 81.90% | |
| International Equities | 9.06% | |
| Property | 5.48% | |
| Cash and Equivalents | 1.83% | |
| International Bonds | 1.73% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 28.98% | - | - | - | |
| Banks | - | 16.12% | - | - | |
| Banks | - | - | 16.12% | - | |
| Banks | - | - | - | 16.12% | |
| Insurance | - | 7.34% | - | - | |
| Life Insurance | - | - | 5.26% | - | |
| Life Insurance | - | - | - | 5.26% | |
| Non-life Insurance | - | - | 2.08% | - | |
| Property & Casualty Insurance | - | - | - | 2.08% | |
| Financial Services | - | 5.52% | - | - | |
| Investment Banking & Brokerage Services | - | - | 5.52% | - | |
| Asset Managers & Custodians | - | - | - | 3.78% | |
| Investment Services | - | - | - | 1.74% | |
| Consumer Staples | 15.71% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 10.36% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 10.36% | - | |
| Food Retailers & Wholesalers | - | - | - | 8.37% | |
| Nondurable Household Products | - | - | - | 2.00% | |
| Food, Beverage & Tobacco | - | 5.35% | - | - | |
| Tobacco | - | - | 5.35% | - | |
| Tobacco | - | - | - | 5.35% | |
| Consumer Discretionary | 13.95% | - | - | - | |
| Media | - | 4.74% | - | - | |
| Media | - | - | 4.74% | - | |
| Radio & TV Broadcasters | - | - | - | 2.54% | |
| Media Agencies | - | - | - | 2.19% | |
| Consumer Products & Services | - | 4.05% | - | - | |
| Household Goods & Home Construction | - | - | 3.20% | - | |
| Home Construction | - | - | - | 3.20% | |
| Personal Goods | - | - | 0.85% | - | |
| Clothing & Accessories | - | - | - | 0.85% | |
| Retail | - | 3.42% | - | - | |
| Retailers | - | - | 3.42% | - | |
| Home Improvement Retailers | - | - | - | 2.20% | |
| Specialty Retailers | - | - | - | 1.22% | |
| Automobiles & Parts | - | 1.75% | - | - | |
| Automobiles & Parts | - | - | 1.75% | - | |
| Auto Parts | - | - | - | 1.75% | |
| Energy | 8.16% | - | - | - | |
| Energy | - | 8.16% | - | - | |
| Non-Renewable Energy | - | - | 8.16% | - | |
| Integrated Oil & Gas | - | - | - | 8.16% | |
| Industrials | 6.94% | - | - | - | |
| Industrial Goods & Services | - | 6.94% | - | - | |
| Industrial Transportation | - | - | 3.04% | - | |
| Delivery Services | - | - | - | 3.04% | |
| Industrial Support Services | - | - | 2.21% | - | |
| Industrial Suppliers | - | - | - | 2.21% | |
| General Industrials | - | - | 1.69% | - | |
| Containers & Packaging | - | - | - | 1.69% | |
| Health Care | 6.75% | - | - | - | |
| Health Care | - | 6.75% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 6.75% | - | |
| Pharmaceuticals | - | - | - | 6.75% | |
| Basic Materials | 5.83% | - | - | - | |
| Basic Resources | - | 4.82% | - | - | |
| Industrial Metals & Mining | - | - | 4.82% | - | |
| General Mining | - | - | - | 4.82% | |
| Chemicals | - | 1.02% | - | - | |
| Chemicals | - | - | 1.02% | - | |
| Chemicals: Diversified | - | - | - | 1.02% | |
| Real Estate | 5.48% | - | - | - | |
| Real Estate | - | 5.48% | - | - | |
| Real Estate Investment Trusts | - | - | 5.48% | - | |
| Diversified REITs | - | - | - | 5.48% | |
| Telecommunications | 4.00% | - | - | - | |
| Telecommunications | - | 4.00% | - | - | |
| Telecommunications Service Providers | - | - | 4.00% | - | |
| Telecommunications Services | - | - | - | 4.00% | |
| Cash and Equivalents | 1.83% | - | - | - | |
| Bonds | 1.73% | - | - | - | |
| Technology | 0.63% | - | - | - | |
| Technology | - | 0.63% | - | - | |
| Technology Hardware & Equipment | - | - | 0.63% | - | |
| Semiconductors | - | - | - | 0.63% | |
Regional Allocation
| UK | 81.90% | |
| Developed Europe - Excl UK | 7.85% | |
| Property | 5.48% | |
| North America | 2.94% | |
| Cash and Equivalents | 1.83% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 96.44% | |
| Cash | 1.83% | |
| Euro | 1.73% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 81.90% | - | |
United Kingdom
|
- | 81.90% | |
| Developed Europe - Excl UK | 7.85% | - | |
France
|
- | 3.58% | |
Italy
|
- | 2.52% | |
Germany
|
- | 1.75% | |
| Property | 5.48% | - | |
| North America | 2.94% | - | |
United States
|
- | 2.94% | |
| Cash and Equivalents | 1.83% | - | |
Breakdown By Market Cap (%)
| Mega |
|
33.64% |
| Large |
|
27.39% |
| Medium |
|
21.65% |
| Small |
|
1.22% |
| Non-Classified |
|
12.54% |
| Bonds |
|
1.73% |
| Cash |
|
1.83% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | HSBC HOLDINGS | 3.67% | Banks | United Kingdom |
| 2 | BARCLAYS | 3.66% | Banks | United Kingdom |
| 3 | ROYAL BANK OF SCOTLAND GROUP | 3.58% | Banks | United Kingdom |
| 4 | BRITISH LAND CO | 3.15% | Real Estate Investment Trusts | Direct Property and REITs |
| 5 | SHELL | 3.08% | Non-Renewable Energy | United Kingdom |
| 6 | INTERNATIONAL DISTRIBUTION SERVICES | 3.04% | Industrial Transportation | United Kingdom |
| 7 | BRITISH AMERICAN TOBACCO | 2.98% | Tobacco | United Kingdom |
| 8 | MARKS & SPENCER GROUP P.L.C. | 2.97% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 9 | AVIVA | 2.95% | Life Insurance | United Kingdom |
| 10 | TESCO | 2.74% | Personal Care, Drug & Grocery Stores | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 0.63% | - | - | - | - | - | - | 0.63% |
| Telecommunications | 4.00% | - | - | 1.73% | - | - | - | - | 5.73% |
| Financials | 28.98% | - | - | - | - | - | - | - | 28.98% |
| Real Estate | - | - | - | - | - | 5.48% | - | - | 5.48% |
| Consumer Discretionary | 12.20% | 1.75% | - | - | - | - | - | - | 13.95% |
| Consumer Staples | 15.71% | - | - | - | - | - | - | - | 15.71% |
| Energy | 5.64% | 2.52% | - | - | - | - | - | - | 8.16% |
| Health Care | 2.59% | 4.16% | - | - | - | - | - | - | 6.75% |
| Industrials | 6.94% | - | - | - | - | - | - | - | 6.94% |
| Basic Materials | 5.83% | - | - | - | - | - | - | - | 5.83% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.83% | 1.83% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B5WJCB4 |
| Mex Code | GB00B5 |
| Isin Code | GB00B5WJCB41 |
| Citi Code | NND0 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.89% |
Aims and Benchmark
| Aims | The fund's investment objective is to provide a growing income, predominantly from investment in UK equities. In seeking a yield higher than that offered by the major UK equity indices, the fund will invest primarily in above-average yielding equities rather than fixed interest securities. Investment will be in directly held transferable securities. The fund may also invest in collective investment schemes, warrants and money market instruments. |
| Benchmark | FTSE All Share (Gross Total Return) Index |
| Benchmark Category | - |
| IA Sector | UK All Companies |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | Unit Trust |
| Launch price | £0.50 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 26 February | 25 April |
| 26 August | 25 October |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | J.P. Morgan Trustee and Depositary Company Limited |
| Fund Administrator | IFDS |
| Fund Registrar | IFDS |
| Fund Custodian | J.P. Morgan Trustee and Depositary Company Limited |
Group Details
| Group name | Schroder Unit Trusts Limited |
| Group address | 1 London Wall Place, London, EC2Y 5AU United Kingdom |
| Group telephone | 0800 718 777 |
| Dealing telephone | 0800 718 788 |
| investorservices@schroders.com | |
| Homepage | www.schroders.co.uk |
| Fax number | 0870 043 4080 |
Dealing
| Minimum Investment | £3000000 |
| Minimum Top Up | £100000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 2 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 3.39 |
| Beta | 1.19 |
| Sharpe | 0.46 |
| Standard Deviation | 14.36 |
| Info Ratio | 0.76 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | No |
| Concentrated Portfolio | Yes |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | Yes |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Charges to Capital
Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
Concentrated Portfolio
The fund may invest in a relatively smaller number of stocks. This stock concentration may carry more risk than funds spread across a larger number of companies.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Higher Risk
This fund is specifically aimed at sophisticated investors and is particularly high risk, because it concentrates on a region that may be exposed to unusual political or economic risks. You should only invest if you are comfortable with the specific risks pertaining to the fund in question. If you are not familiar with these you should ask us for a copy of the provider's key features and brochure.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.