Schroder Strategic Credit Z GBP Inc (FUND:BJZ2ZK8) - Overview

Fund Report

Schroder Strategic Credit Fund Z GBP Inc

Key Stats
Morningstar® CategoryGlobal Flexible Bond - GBP Hedged
Manager Name-
Inception Date24/03/2014
NAV 02/12/2016GBX 48.92
Day Change-0.02%
12 Month Yield5.52%
ISINGB00BJZ2ZK82
SEDOL
Dividend FrequencySemi-Annually
Net Assets (mil) 31/10/2016798.33 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment-
Pricing FrequencyDaily
Dealing Cut off Time12:00
Regular InvestmentYes
Actual Initial Charge-
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge0.77%
AMC0.60%
Fund Rebate-

Morningstar Rating™

Not Rated

Benchmarks

Fund Benchmark

UK Treasury Bills 3M GBP

Morningstar® Benchmark

Bloomberg Barclays Global Aggregate TR Hdg GBP

Morningstar Analyst Rating™ *

Neutral

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

How has this security performed
20122013201420152016
Fund---2.354.28
Category---0.344.80
Benchmark---1.393.49
  • Fund: Schroder Strategic Credit Fund Z GBP Inc
  • Category: Global Flexible Bond - GBP Hedged
  • Benchmark: Bloomberg Barclays Global Aggregate TR Hdg GBP
Trailing Returns % (GBP) 02/12/2016
FundCatBmark
YTD4.284.883.39
3 Years Annualised---
5 Years Annualised---
10 Years Annualised---

Morningstar SRRI

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

Investment Objective

The Fund aims to generate a total return above Sterling cash interest rates, primarily through a flexible allocation to investment grade bonds, non-investment grade bonds and derivative instruments. The Fund may invest in rated and unrated securities including bonds, notes of fixed and variable interest, preference shares, equities, convertible and other securities issued by government, quasi-government, supranational, bank and corporate entities, and derivative instruments. The Fund may invest in cash, near cash and deposits without limitation. The Fund may use forward foreign exchange transactions, futures, credit default swaps 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.

Portfolio Profile31/10/2016

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.110.000.11
Bonds96.160.0096.16
Cash5.523.701.82
Other2.020.111.91
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond92.77
Cash & Equivalents7.23
Commercial Mortgage Backed2.11
Asset Backed1.48
Convertible0.77
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
Bpce FRN 2017-03-06France2.11
DecreaseLynx I 6% 2021-04-15United Kingdom1.77
DecreaseSchaeffler Fin B V 144A 4.75% 2023-05-15Netherlands1.41
IncreaseSainsbury(J) 6.5% 2049-12-29United Kingdom1.41
Unitymedia Hessen Gmbh & Co Kg 144A 5.5% 2023-01-15Germany1.29
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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