Prudential Schroder Income S2
Performance
Discrete performance - to last month end
| 31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
31/03/24 to 31/03/25 |
|
|---|---|---|---|---|---|
| Fund | 36.3% | 17.2% | 0.5% | 5.5% | 13.5% |
| Sector | 28.5% | 10.4% | 1.2% | 6.1% | 7.8% |
| Rank | 18/129 | 18/131 | 99/132 | 97/133 | 22/136 |
| Quartile | 1 | 1 | 3 | 3 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/25 |
5 Years to 31/03/25 |
10 Years to 31/03/25 |
||
| Fund | 6.4% | 14.0% | 5.2% | |
| Sector | 5.0% | 10.4% | 4.1% | |
| Rank | 64/132 | 20/129 | 60/124 | |
| Quartile | 2 | 1 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| BRITISH AMERICAN TOBACCO | 3.81 |
| STANDARD CHARTERED | 3.74 |
| IMPERIAL BRANDS | 3.41 |
| ROYAL BANK OF SCOTLAND GROUP | 3.40 |
| AVIVA | 3.35 |
| ST JAMES'S PLACE | 3.32 |
| BARCLAYS | 3.29 |
| HSBC HOLDINGS | 3.26 |
| SHELL | 2.89 |
| TESCO | 2.74 |
| Total | 33.22 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the Schroder Income Fund - the underlying fund.
Underlying Fund Objective: The fund aims to provide income and capital growth in excess of the FTSE All Share (Gross Total Return) index (after fees have been deducted) over a three to five year period by investing in equity and equity related securities of UK companies.
Fund Manager
Specialist Value UK equity fund manager with 9 years investment experience. Previously a sector analyst responsible for a number of UK sectors including Transport and Metals & Mining. Investment career commenced in 2001 at Schroders. Chartered Financial Analyst. Degree in Aeronautical Engineering, Bristol University
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
Fund Overview
| Bid (15/04/2025) | 365.10 |
| Offer (15/04/2025) | 384.30 |
| Fund size (28/02/2025) | £14.14m |
| Underlying Fund size | £1211.16m |
| Number of holdings | 44 |
| Launch date | 20/10/2008 |
Fund Charges
| Annual Management Charge (AMC) | 1.55% |
| Further Costs | 0.15% |
| Yearly Total | 1.70% |
Asset Allocation
| UK Equities | 84.24% | |
| International Equities | 8.92% | |
| Property | 4.53% | |
| International Bonds | 1.80% | |
| Cash and Equivalents | 0.50% |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
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 fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs 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 net 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 | 84.24% | |
| International Equities | 8.92% | |
| Property | 4.53% | |
| International Bonds | 1.80% | |
| Cash and Equivalents | 0.50% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 32.22% | - | - | - | |
| Banks | - | 16.16% | - | - | |
| Banks | - | - | 16.16% | - | |
| Banks | - | - | - | 16.16% | |
| Insurance | - | 10.48% | - | - | |
| Life Insurance | - | - | 7.78% | - | |
| Life Insurance | - | - | - | 7.78% | |
| Non-life Insurance | - | - | 2.70% | - | |
| Property & Casualty Insurance | - | - | - | 2.70% | |
| Financial Services | - | 5.58% | - | - | |
| Investment Banking & Brokerage Services | - | - | 5.58% | - | |
| Asset Managers & Custodians | - | - | - | 5.58% | |
| Consumer Staples | 16.12% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 8.90% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 8.90% | - | |
| Food Retailers & Wholesalers | - | - | - | 6.57% | |
| Nondurable Household Products | - | - | - | 2.33% | |
| Food, Beverage & Tobacco | - | 7.22% | - | - | |
| Tobacco | - | - | 7.22% | - | |
| Tobacco | - | - | - | 7.22% | |
| Consumer Discretionary | 13.92% | - | - | - | |
| Consumer Products & Services | - | 4.52% | - | - | |
| Personal Goods | - | - | 2.42% | - | |
| Clothing & Accessories | - | - | - | 2.42% | |
| Household Goods & Home Construction | - | - | 2.10% | - | |
| Home Construction | - | - | - | 2.10% | |
| Media | - | 4.17% | - | - | |
| Media | - | - | 4.17% | - | |
| Radio & TV Broadcasters | - | - | - | 2.27% | |
| Media Agencies | - | - | - | 1.90% | |
| Travel & Leisure | - | 1.90% | - | - | |
| Travel & Leisure | - | - | 1.90% | - | |
| Airlines | - | - | - | 1.90% | |
| Automobiles & Parts | - | 1.89% | - | - | |
| Automobiles & Parts | - | - | 1.89% | - | |
| Auto Parts | - | - | - | 1.89% | |
| Retail | - | 1.45% | - | - | |
| Retailers | - | - | 1.45% | - | |
| Home Improvement Retailers | - | - | - | 1.45% | |
| Energy | 7.52% | - | - | - | |
| Energy | - | 7.52% | - | - | |
| Non-Renewable Energy | - | - | 7.52% | - | |
| Integrated Oil & Gas | - | - | - | 7.52% | |
| Health Care | 7.37% | - | - | - | |
| Health Care | - | 7.37% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 7.37% | - | |
| Pharmaceuticals | - | - | - | 7.37% | |
| Basic Materials | 5.70% | - | - | - | |
| Basic Resources | - | 4.35% | - | - | |
| Industrial Metals & Mining | - | - | 4.35% | - | |
| General Mining | - | - | - | 4.35% | |
| Chemicals | - | 1.35% | - | - | |
| Chemicals | - | - | 1.35% | - | |
| Chemicals: Diversified | - | - | - | 1.35% | |
| Industrials | 5.64% | - | - | - | |
| Industrial Goods & Services | - | 5.64% | - | - | |
| Industrial Support Services | - | - | 3.68% | - | |
| Business Training & Employment Agencies | - | - | - | 2.00% | |
| Industrial Suppliers | - | - | - | 1.68% | |
| General Industrials | - | - | 1.97% | - | |
| Containers & Packaging | - | - | - | 1.97% | |
| Telecommunications | 4.68% | - | - | - | |
| Telecommunications | - | 4.68% | - | - | |
| Telecommunications Service Providers | - | - | 4.68% | - | |
| Telecommunications Services | - | - | - | 4.68% | |
| Real Estate | 4.53% | - | - | - | |
| Real Estate | - | 4.53% | - | - | |
| Real Estate Investment Trusts | - | - | 4.53% | - | |
| Diversified REITs | - | - | - | 4.53% | |
| Bonds | 1.80% | - | - | - | |
| Cash and Equivalents | 0.50% | - | - | - | |
Regional Allocation
| UK | 84.24% | |
| Developed Europe - Excl UK | 8.11% | |
| Property | 4.53% | |
| North America | 2.62% | |
| Cash and Equivalents | 0.50% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 97.70% | |
| Euro | 1.80% | |
| Cash | 0.50% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 84.24% | - | |
United Kingdom
|
- | 84.24% | |
| Developed Europe - Excl UK | 8.11% | - | |
France
|
- | 3.89% | |
Italy
|
- | 2.33% | |
Germany
|
- | 1.89% | |
| Property | 4.53% | - | |
| North America | 2.62% | - | |
United States
|
- | 2.62% | |
| Cash and Equivalents | 0.50% | - | |
Breakdown By Market Cap (%)
| Mega |
|
35.39% |
| Large |
|
29.00% |
| Medium |
|
24.03% |
| Non-Classified |
|
9.28% |
| Bonds |
|
1.80% |
| Cash |
|
0.50% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | BRITISH AMERICAN TOBACCO | 3.81% | Tobacco | United Kingdom |
| 2 | STANDARD CHARTERED | 3.74% | Banks | United Kingdom |
| 3 | IMPERIAL BRANDS | 3.41% | Tobacco | United Kingdom |
| 4 | ROYAL BANK OF SCOTLAND GROUP | 3.40% | Banks | United Kingdom |
| 5 | AVIVA | 3.35% | Life Insurance | United Kingdom |
| 6 | ST JAMES'S PLACE | 3.32% | Investment Banking & Brokerage Services | United Kingdom |
| 7 | BARCLAYS | 3.29% | Banks | United Kingdom |
| 8 | HSBC HOLDINGS | 3.26% | Banks | United Kingdom |
| 9 | SHELL | 2.89% | Non-Renewable Energy | 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Telecommunications | 4.68% | - | - | 1.80% | - | - | - | - | 6.48% |
| Financials | 32.22% | - | - | - | - | - | - | - | 32.22% |
| Real Estate | - | - | - | - | - | 4.53% | - | - | 4.53% |
| Consumer Discretionary | 12.04% | 1.89% | - | - | - | - | - | - | 13.92% |
| Consumer Staples | 16.12% | - | - | - | - | - | - | - | 16.12% |
| Energy | 5.18% | 2.33% | - | - | - | - | - | - | 7.52% |
| Health Care | 2.66% | 4.70% | - | - | - | - | - | - | 7.37% |
| Industrials | 5.64% | - | - | - | - | - | - | - | 5.64% |
| Basic Materials | 5.70% | - | - | - | - | - | - | - | 5.70% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.50% | 0.50% |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
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 | B3BW8B2 |
| Mex Code | PUSCHI |
| Isin Code | GB00B3BW8B25 |
| Citi Code | D9F9 |
Fund Charges
| Annual Management Charge (AMC) | 1.55% |
| Further Costs | 0.15% |
| Yearly Total | 1.70% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the Schroder Income Fund - the underlying fund. Underlying Fund Objective: The fund aims to provide income and capital growth in excess of the FTSE All Share (Gross Total Return) index (after fees have been deducted) over a three to five year period by investing in equity and equity related securities of UK companies. |
| Benchmark | FTSE All Share (Gross Total Return) Index |
| ABI Sector | UK Equity Income |
Ratings
| FE Crown |  |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Charges and further costs 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 | 0.63 |
| Beta | 1.22 |
| Sharpe | 0.22 |
| Standard Deviation | 13.08 |
| Info Ratio | 0.39 |
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
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
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
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
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 fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs 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 net 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.