Schroder Absolute Return Z Acc (FUND:B57BFC7) - Overview

Fund Report

Schroder Absolute Return Z Acc

Key Stats
Morningstar® CategoryGBP Flexible Bond
Manager Name-
Inception Date11/05/2011
NAV 05/12/2016GBX 53.33
Day Change-0.17%
12 Month Yield1.56%
ISINGB00B57BFC79
SEDOLB57BFC7
Dividend FrequencySemi-Annually
Net Assets (mil) 31/08/2016110.97 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 GBP
Pricing FrequencyDaily
Dealing Cut off Time11:00:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge0.72%
AMC0.60%
Fund Rebate0.05%

Morningstar Rating™

StarRatingValueLabel_2

Benchmarks

Fund Benchmark

ICE LIBOR 3 Month GBP

Morningstar® Benchmark

Bloomberg Barclays Sterling Aggregate TR GBP

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

How has this security performed
20122013201420152016
Fund6.981.872.73-3.002.40
Category15.293.725.990.507.24
Benchmark6.00-2.6813.870.478.62
  • Fund: Schroder Absolute Return Z Acc
  • Category: GBP Flexible Bond
  • Benchmark: Bloomberg Barclays Sterling Aggregate TR GBP
Trailing Returns % (GBP) 05/12/2016
FundCatBmark
YTD2.286.078.77
3 Years Annualised0.744.677.47
5 Years Annualised2.306.475.68
10 Years Annualised2.514.505.64

Morningstar SRRI

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

Investment Objective

The Fund’s investment objective is to achieve a positive return over rolling 12 month periods, in all market conditions. The Manager will seek to achieve positive returns in all market conditions, but there is no guarantee that this objective will be achieved and your capital is at risk. To achieve the investment objective, the Fund will invest primarily in a portfolio of bonds and other fixed and floating rate securities denominated in various currencies issued by governments, government agencies, supra-national and corporate issuers worldwide. The full spectrum of available securities, including non-investment grade, may be utilised. In addition foreign currency strategies may also be employed.

Portfolio Profile31/08/2016

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.000.000.00
Bonds93.471.1092.38
Cash6.644.102.54
Other5.120.045.08
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond51.67
Government17.94
Asset Backed11.43
Government Related9.89
Commercial Mortgage Backed2.99
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
IncreaseUS Treasury Note 2026-07-15United States7.63
DecreaseUnited Kingdom (Government Of) 0.125% 2024-03-22United Kingdom5.38
Hsbc Usa Inc New 1.7% 2018-03-05United States2.37
DecreaseAb Svensk Exportkredit 1.25% 2019-04-12Sweden2.26
DecreaseEuropean Invt Bk 1.25% 2018-05-15Supranational2.07
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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