Schroder Schroder UK Alpha Plus Fund Z Accumulation Class Z Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/08/19 to 31/08/20 |
31/08/20 to 31/08/21 |
31/08/21 to 31/08/22 |
31/08/22 to 31/08/23 |
31/08/23 to 31/08/24 |
|
|---|---|---|---|---|---|
| Fund | -6.8% | 30.9% | -16.5% | 13.3% | 5.1% |
| Sector | -8.8% | 32.4% | -10.5% | 4.1% | 16.4% |
| Rank | 75/211 | 98/219 | 159/224 | 5/228 | 223/229 |
| Quartile | 2 | 2 | 3 | 1 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/08/24 |
5 Years to 31/08/24 |
10 Years to 31/08/24 |
||
| Fund | -0.2% | 3.9% | 4.0% | |
| Sector | 2.8% | 5.6% | 5.4% | |
| Rank | 154/224 | 166/211 | 166/183 | |
| Quartile | 3 | 4 | 4 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| UNILEVER | 9.59 |
| RELX | 6.56 |
| NEXT | 6.32 |
| KERRY GROUP PUBLIC LIMITED COMPANY | 4.48 |
| ANGLO AMERICAN | 4.39 |
| UNITE GROUP PLC(THE) | 4.22 |
| HISCOX LTD | 4.01 |
| FUTURE | 3.83 |
| SMITH & NEPHEW | 3.76 |
| GSK | 3.73 |
| Total | 50.88 |
Fund Aims
The fund’s investment objective is to provide capital growth through investment in UK and other companies. In order to achieve the objective the manager will invest in a focussed portfolio of securities. The emphasis of the Fund will be investment in UK companies. The fund may also invest in companies headquartered or quoted outside the UK where those companies have material or critical operations within, or derive significant business from, the UK. Fixed interest securities may be included in the portfolio. Investment will be in directly held transferable securities. The fund may also invest in collective investment schemes, warrants and money market instruments.
Fund Manager
•Nicholas Kissack is a Portfolio Manager at Schroders, based in London. He joined Schroders in 2018
•Nicholas was a Portfolio Manager at Janus Henderson from 2014 to 2018
•BSc in Economics & Finance from University of York
•CFA Charterholder
•Bill Casey is a Portfolio Manager at Schroders, based in London. He joined Schroders in 2018
•Bill was a Portfolio Manager / Analyst at Janus Henderson from 2012 to 2018
•BSc Business Management Dublin Institute of Technology Aungier Street
•CFA Charterholder
Fund Overview
| Mid (30/08/2024) | 78.59p |
| Historic yield | 1.96% |
| Fund size (31/07/2024) | £665.69m |
| Number of holdings | 35 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.80% |
| Launch date | 05/07/2002 |
Asset Allocation
| UK Equities | 78.88% | |
| International Equities | 14.25% | |
| Property | 6.64% | |
| Cash and Equivalents | 0.18% | |
| Other Assets | 0.04% |
Commentary
Not Applicable
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our 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. 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 report or make any warranties regarding results from its usage.
Asset Allocation
| UK Equities | 78.88% | |
| International Equities | 14.25% | |
| Property | 6.64% | |
| Cash and Equivalents | 0.18% | |
| Other Assets | 0.04% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Consumer Discretionary | 34.31% | - | - | - | |
| Media | - | 12.19% | - | - | |
| Media | - | - | 12.19% | - | |
| Publishing | - | - | - | 6.56% | |
| Media Agencies | - | - | - | 5.63% | |
| Travel & Leisure | - | 8.98% | - | - | |
| Travel & Leisure | - | - | 8.98% | - | |
| Casinos & Gambling | - | - | - | 4.68% | |
| Hotels & Motels | - | - | - | 4.31% | |
| Retail | - | 8.13% | - | - | |
| Retailers | - | - | 8.13% | - | |
| Diversified Retailers | - | - | - | 6.32% | |
| Home Improvement Retailers | - | - | - | 1.81% | |
| Consumer Products & Services | - | 5.01% | - | - | |
| Household Goods & Home Construction | - | - | 3.47% | - | |
| Home Construction | - | - | - | 3.47% | |
| Personal Goods | - | - | 1.54% | - | |
| Clothing & Accessories | - | - | - | 1.23% | |
| Footwear | - | - | - | 0.30% | |
| Consumer Staples | 14.07% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 9.59% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 9.59% | - | |
| Personal Products | - | - | - | 9.59% | |
| Food, Beverage & Tobacco | - | 4.48% | - | - | |
| Food Producers | - | - | 4.48% | - | |
| Food Products | - | - | - | 4.48% | |
| Industrials | 13.34% | - | - | - | |
| Industrial Goods & Services | - | 8.36% | - | - | |
| General Industrials | - | - | 3.69% | - | |
| Containers & Packaging | - | - | - | 2.20% | |
| Diversified Industrials | - | - | - | 1.49% | |
| Electronic & Electrical Equipment | - | - | 2.71% | - | |
| Electronic Equipment: Gauges & Meters | - | - | - | 2.71% | |
| Industrial Support Services | - | - | 1.95% | - | |
| Professional Business Support Services | - | - | - | 1.95% | |
| Construction & Materials | - | 4.99% | - | - | |
| Construction & Materials | - | - | 4.99% | - | |
| Building Materials: Other | - | - | - | 4.99% | |
| Health Care | 12.18% | - | - | - | |
| Health Care | - | 12.18% | - | - | |
| Medical Equipment & Services | - | - | 6.42% | - | |
| Medical Equipment | - | - | - | 3.76% | |
| Medical Supplies | - | - | - | 2.66% | |
| Pharmaceuticals & Biotechnology | - | - | 5.76% | - | |
| Pharmaceuticals | - | - | - | 5.76% | |
| Financials | 10.91% | - | - | - | |
| Insurance | - | 6.64% | - | - | |
| Non-life Insurance | - | - | 4.01% | - | |
| Full Line Insurance | - | - | - | 4.01% | |
| Life Insurance | - | - | 2.63% | - | |
| Life Insurance | - | - | - | 2.63% | |
| Financial Services | - | 2.79% | - | - | |
| Investment Banking & Brokerage Services | - | - | 2.79% | - | |
| Asset Managers & Custodians | - | - | - | 2.79% | |
| Banks | - | 1.48% | - | - | |
| Banks | - | - | 1.48% | - | |
| Banks | - | - | - | 1.48% | |
| Real Estate | 6.64% | - | - | - | |
| Real Estate | - | 6.64% | - | - | |
| Real Estate Investment Trusts | - | - | 6.64% | - | |
| Residential REITs | - | - | - | 4.22% | |
| Industrial REITs | - | - | - | 2.42% | |
| Basic Materials | 5.81% | - | - | - | |
| Basic Resources | - | 5.81% | - | - | |
| Industrial Metals & Mining | - | - | 5.81% | - | |
| General Mining | - | - | - | 5.81% | |
| Non-Classified | 1.35% | - | - | - | |
| Non-Classified | - | 0.04% | - | - | |
| Non-Classified | - | - | 0.04% | - | |
| Non-Classified | - | - | - | 0.04% | |
| Technology | 1.20% | - | - | - | |
| Technology | - | 1.20% | - | - | |
| Software & Computer Services | - | - | 1.20% | - | |
| Software | - | - | - | 1.20% | |
| Cash and Equivalents | 0.18% | - | - | - | |
Regional Allocation
| UK | 78.88% | |
| Developed Europe - Excl UK | 14.25% | |
| Property | 6.64% | |
| Cash and Equivalents | 0.18% | |
| Non-Classified | 0.04% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 99.20% | |
| Pound Sterling | 0.80% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 78.88% | - | |
United Kingdom
|
- | 78.88% | |
| Developed Europe - Excl UK | 14.25% | - | |
Ireland
|
- | 11.59% | |
Germany
|
- | 2.66% | |
| Property | 6.64% | - | |
| Cash and Equivalents | 0.18% | - | |
| Non-Classified | 0.04% | - | |
Breakdown By Market Cap (%)
| Mega |
|
32.98% |
| Large |
|
35.52% |
| Medium |
|
22.15% |
| Small |
|
6.92% |
| Non-Classified |
|
2.25% |
| Cash |
|
0.18% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | UNILEVER | 9.59% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 2 | RELX | 6.56% | Media | United Kingdom |
| 3 | NEXT | 6.32% | Retailers | United Kingdom |
| 4 | KERRY GROUP PUBLIC LIMITED COMPANY | 4.48% | Food Producers | Ireland |
| 5 | ANGLO AMERICAN | 4.39% | Industrial Metals & Mining | United Kingdom |
| 6 | UNITE GROUP PLC(THE) | 4.22% | Real Estate Investment Trusts | Direct Property and REITs |
| 7 | HISCOX LTD | 4.01% | Non-life Insurance | United Kingdom |
| 8 | FUTURE | 3.83% | Media | United Kingdom |
| 9 | SMITH & NEPHEW | 3.76% | Medical Equipment & Services | United Kingdom |
| 10 | GSK | 3.73% | Pharmaceuticals & Biotechnology | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 1.20% | - | - | - | - | - | - | - | 1.20% |
| Financials | 10.91% | - | - | - | - | - | - | - | 10.91% |
| Real Estate | - | - | - | - | - | 6.64% | - | - | 6.64% |
| Consumer Discretionary | 31.68% | 2.63% | - | - | - | - | - | - | 34.31% |
| Consumer Staples | 9.59% | 4.48% | - | - | - | - | - | - | 14.07% |
| Health Care | 9.52% | 2.66% | - | - | - | - | - | - | 12.18% |
| Industrials | 8.86% | 4.49% | - | - | - | - | - | - | 13.34% |
| Basic Materials | 5.81% | - | - | - | - | - | - | - | 5.81% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.18% | 0.18% |
| Non-Classified | 1.31% | - | - | - | - | - | 0.04% | - | 1.35% |
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. 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 report or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B60R7N4 |
| Mex Code | SICHRO |
| Isin Code | GB00B60R7N45 |
| Citi Code | NND4 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.80% |
Aims and Benchmark
| Aims | The fund’s investment objective is to provide capital growth through investment in UK and other companies. In order to achieve the objective the manager will invest in a focussed portfolio of securities. The emphasis of the Fund will be investment in UK companies. The fund may also invest in companies headquartered or quoted outside the UK where those companies have material or critical operations within, or derive significant business from, the UK. Fixed interest securities may be included in the portfolio. 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 | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 June | 31 July |
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. 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 report or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -3.12 |
| Beta | 1.06 |
| Sharpe | -0.01 |
| Standard Deviation | 13.61 |
| Info Ratio | -0.66 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| 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 | No |
| Higher Risk | No |
| 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
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.
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. 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 report or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund Performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our 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. 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 report 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.