Schroder Schroder High Yield Opportunities Fund Z Income Class Z Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | 6.1% | 8.7% | -10.2% | 9.7% | 13.6% |
| Sector | 3.7% | 4.5% | -9.1% | 7.8% | 11.5% |
| Rank | 3/26 | 3/28 | 19/29 | 5/29 | 5/29 |
| Quartile | 1 | 1 | 3 | 1 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | 3.8% | 5.2% | 5.6% | |
| Sector | 3.0% | 3.4% | 3.7% | |
| Rank | 8/29 | 2/26 | 1/22 | |
| Quartile | 1 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| KANE BIDCO LTD SR REGS 6.5% 15 Feb 2027 | 2.53 |
| VILLA DUTCH BIDCO BV SR REGS 9% 03 Nov 2029 | 2.17 |
| MARCOLIN SPA SR REGS 6.125% 15 Nov 2026 | 2.07 |
| EMERIA SAS SR REGS 7.75% 31 Mar 2028 | 1.95 |
| ENERGEAN ISRAEL FINANCE SR REGS 144A 4.875% 30 Mar 2026 | 1.74 |
| GLOBAL AIRCRAFT LEASING CO LTD SR 144A 8.75% 01 Sep 2027 | 1.70 |
| BARCLAYS PLC SR CORP 9.25% 15 Jun 2171 | 1.66 |
| TIBCO SOFTWARE INC SR 144A 6.5% 31 Mar 2029 | 1.64 |
| HELIOS SOFTWARE HOLDINGS INC SR REGS 7.875% 01 May 2029 | 1.62 |
| 4¼% Treasury Gilt 2027 | 1.60 |
| Total | 18.68 |
Fund Aims
The fund’s investment objective is to achieve a high level of income from a diversified portfolio of debt securities. The full spectrum of available securities, including unrated issues and those of non-investment grade, will be utilised. Investment will be in directly held transferable securities. The fund may also invest in collective investment schemes, warrants and money market instruments.
Fund Manager
Daniel Pearson is an analyst at Schroders, based in London. He joined Schroders in 2013.
Daniel was an investment executive at 3i Investments plc from 1997 to 2007.
He was previously a finance graduate at Hambros plc from 1991 to 1996.
ACCA Accountancy.
Fund Overview
| Mid (20/12/2024) | 46.85p |
| Distribution yield | 7.71% |
| Underlying yield | - |
| Fund size (31/10/2024) | £509.39m |
| Number of holdings | 213 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.72% |
| Launch date | 03/03/2000 |
Asset Allocation
| International Bonds | 71.15% | |
| UK Corporate Bonds | 17.07% | |
| UK Gilts | 2.79% | |
| Cash and Equivalents | 1.11% | |
| Alternative Trading Strategies | 0.58% | |
| Other Assets | 7.30% |
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
| International Bonds | 71.15% | |
| UK Corporate Bonds | 17.07% | |
| UK Gilts | 2.79% | |
| Cash and Equivalents | 1.11% | |
| Alternative Trading Strategies | 0.58% | |
| Other Assets | 7.30% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 91.01% | - | - | - | |
| Non-Classified | 7.30% | - | - | - | |
| Cash and Equivalents | 1.11% | - | - | - | |
| Alternative Trading Strategies | 0.58% | - | - | - | |
| Alternative Trading Strategies | - | 0.58% | - | - | |
| Alternative Trading Strategies | - | - | 0.58% | - | |
| Alternative Trading Strategies | - | - | - | 0.58% | |
Regional Allocation
| Developed Europe - Excl UK | 39.46% | |
| UK | 19.86% | |
| North America | 15.84% | |
| Non-Classified | 15.51% | |
| Emerging Europe | 2.92% | |
| South & Central America | 2.76% | |
| Middle East & Africa | 2.54% | |
| Cash and Equivalents | 1.11% |
Fixed Interest Currencies
| Euro | 35.80% | |
| US Dollar | 29.20% | |
| Pound Sterling | 25.70% | |
| Non-Fixed Interest Assets | 7.88% | |
| Cash | 1.11% | |
| Singapore Dollar | 0.31% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 39.46% | - | |
Luxembourg
|
- | 11.01% | |
Germany
|
- | 8.38% | |
Italy
|
- | 7.06% | |
Netherlands
|
- | 4.23% | |
France
|
- | 4.09% | |
Austria
|
- | 1.08% | |
Spain
|
- | 1.06% | |
Switzerland
|
- | 0.72% | |
Belgium
|
- | 0.56% | |
Ireland
|
- | 0.56% | |
Portugal
|
- | 0.41% | |
Finland
|
- | 0.32% | |
| UK | 19.86% | - | |
United Kingdom
|
- | 19.86% | |
| North America | 15.84% | - | |
United States
|
- | 14.71% | |
Canada
|
- | 1.13% | |
| Non-Classified | 15.51% | - | |
| Emerging Europe | 2.92% | - | |
Poland
|
- | 0.89% | |
Turkey
|
- | 0.79% | |
Latvia
|
- | 0.66% | |
Greece
|
- | 0.41% | |
Hungary
|
- | 0.17% | |
| South & Central America | 2.76% | - | |
Mexico
|
- | 1.46% | |
Brazil
|
- | 1.15% | |
Chile
|
- | 0.15% | |
| Middle East & Africa | 2.54% | - | |
Israel
|
- | 2.54% | |
| Cash and Equivalents | 1.11% | - | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
67.92% |
| 5Yr - 10Yr Maturity |
|
15.77% |
| 10Yr - 15Yr Maturity |
|
1.44% |
| > 15Yr Maturity |
|
5.88% |
| Cash And Equivalents |
|
1.11% |
| Unknown Maturity |
|
7.30% |
| Other Asset Types |
|
0.58% |
Fixed Interest Quality Profile
| AA |
|
2.79% |
| A |
|
0.90% |
| BBB |
|
5.19% |
| Sub-Investment Grade |
|
23.45% |
| Unknown Quality |
|
58.68% |
| Cash and Equivalents |
|
1.11% |
| Other Asset Types |
|
7.88% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | KANE BIDCO LTD SR REGS 6.5% 15 Feb 2027 | 2.53% | Bonds | Non-Classified |
| 2 | VILLA DUTCH BIDCO BV SR REGS 9% 03 Nov 2029 | 2.17% | Bonds | Netherlands |
| 3 | MARCOLIN SPA SR REGS 6.125% 15 Nov 2026 | 2.07% | Bonds | Italy |
| 4 | EMERIA SAS SR REGS 7.75% 31 Mar 2028 | 1.95% | Bonds | France |
| 5 | ENERGEAN ISRAEL FINANCE SR REGS 144A 4.875% 30 Mar 2026 | 1.74% | Bonds | Israel |
| 6 | GLOBAL AIRCRAFT LEASING CO LTD SR 144A 8.75% 01 Sep 2027 | 1.70% | Bonds | United States |
| 7 | BARCLAYS PLC SR CORP 9.25% 15 Jun 2171 | 1.66% | Non-Classified | Non-Classified |
| 8 | TIBCO SOFTWARE INC SR 144A 6.5% 31 Mar 2029 | 1.64% | Bonds | United States |
| 9 | HELIOS SOFTWARE HOLDINGS INC SR REGS 7.875% 01 May 2029 | 1.62% | Bonds | United States |
| 10 | 4¼% Treasury Gilt 2027 | 1.60% | Bonds | United Kingdom |
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 | B514328 |
| Mex Code | SZUTLI |
| Isin Code | GB00B5143284 |
| Citi Code | I6N3 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.72% |
Aims and Benchmark
| Aims | The fund’s investment objective is to achieve a high level of income from a diversified portfolio of debt securities. The full spectrum of available securities, including unrated issues and those of non-investment grade, will be utilised. Investment will be in directly held transferable securities. The fund may also invest in collective investment schemes, warrants and money market instruments. |
| Benchmark | Income and capital growth target of between 4.5% and 6.5% per year |
| Benchmark Category | - |
| IA Sector | £ High Yield |
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 | Monthly |
| Distribution Type | Interest |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 28 December | 25 January |
| 28 January | 25 February |
| 28 February | 25 March |
| 28 March | 25 April |
| 28 April | 25 May |
| 28 May | 25 June |
| 28 June | 25 July |
| 28 July | 25 August |
| 28 August | 25 September |
| 28 September | 25 October |
| 28 October | 25 November |
| 28 November | 25 December |
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.
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.