Schroder UK Corporate Bond Z Acc (FUND:0937937) - Overview

Fund Report

Schroder UK Corporate Bond Z Accumulation

Key Stats
Morningstar® CategoryGBP Corporate Bond
Manager Name-
Inception Date11/08/1995
NAV 05/12/2016GBX 137.10
Day Change0.22%
12 Month Yield4.61%
ISINGB0009379370
SEDOL0937937
Dividend FrequencyQuarterly
Net Assets (mil) 31/10/2016254.20 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time11:00:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge0.62%
AMC0.50%
Fund Rebate-

Morningstar Rating™

4 Stars

Benchmarks

Fund Benchmark

BofAML GBP Corporate&Coll TR EUR

Morningstar® Benchmark

Bloomberg Barclays Sterling Aggregate Corporate TR

Growth Of 10,000 (GBP) 30/11/2016

How has this security performed
20122013201420152016
Fund12.281.6110.03-1.028.95
Category14.481.6810.680.387.76
Benchmark15.541.6412.510.709.67
  • Fund: Schroder UK Corporate Bond Z Accumulation
  • Category: GBP Corporate Bond
  • Benchmark: Bloomberg Barclays Sterling Aggregate Corporate TR
Trailing Returns % (GBP) 05/12/2016
FundCatBmark
YTD8.647.379.92
3 Years Annualised5.605.837.43
5 Years Annualised6.607.318.48
10 Years Annualised4.945.425.67

Morningstar SRRI

Lower Risk
Higher Risk
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The Fund aims to achieve a high income return together with capital growth by investing primarily in fixed income instruments including bonds, notes of fixed and variable interest, preference shares, convertible and other securities issued by government, quasi-government, supranational, bank and corporate entities, and derivative instruments. The Fund may use forward foreign exchange transactions, credit default swaps, interest rate and government bond futures, and other exchange traded and off exchange traded derivative contracts for the purposes of efficient portfolio management and/or meeting the investment objectives of the Fund. Such derivative contracts have the potential to significantly increase the Fund’s risk profile. The ACD employs a risk management process that seeks to control the volatility of Fund returns. The Fund’s net exposure to non-investment grade instruments, as determined by the ACD, may not exceed 20 per cent of net asset value.

Portfolio Profile31/10/2016

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.000.000.00
Bonds96.930.9196.02
Cash4.781.613.17
Other0.820.000.82
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond74.66
Asset Backed11.97
Commercial Mortgage Backed4.02
Cash & Equivalents3.90
Government3.21
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
At&T 7% 2040-04-30United States1.89
Italy(Rep Of) 6% 2028-08-04Italy1.79
E.On Intl 6.75% 2039-01-27Netherlands1.61
Digital Stout Hold 4.25% 2025-01-17United States1.45
Thames Wtr Cayman 5.5% 2041-02-11Cayman Islands1.44
AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at Trafford House, Chester Road, Manchester M32 0RS. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
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