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SCHRODER MONTHLY HIGH INCOME - Fund overview

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Overview of SCHRODER MONTHLY HIGH INCOME

This fund employs a hybrid portfolio with typically 40% in sub-investment grade bonds to provide a high level of monthly income. Returns have been mainly delivered through sector and stock selection.

Standard Initial Charge

3.25% 0.00%

Invest via Bestinvest

to save 3.25%

Fund summary

Sector  £ High Yield
Product type  UNIT TRUST
Launched  March, 2000
Size  £236m
Yield 7.4%
Charging basis  Capital
Dividends paid  25th.
Bid price(inc) 41.16p
Bid price(acc) 85.54p

Fund Charges

Standard Initial charge 3.25%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.10%
Annual management charge 1.25%
Total expense ratio 1.37%
Reduction in yield (10yr) 1.38%

Bestinvest says


No information available.

Portfolio

schroder monthly high income asset allocation illustration
Allocation Proportion
Equity 0%
High yield bonds 25%
Quality bonds 70%
Property 0%
Commodities 0%
Hedge 0%
Fund cash 5%
schroder monthly high income equity geographic illustration
Allocation Proportion
UK 28%
Europe 51%
Nth America 10%
Japan 0%
Pacific 3%
Other Equity 8%

No data available.

Investment process


The fund holds a diversified portfolio of mainly UK corporate bonds and aims to provide a high level of income which is distributed monthly. Although the fund predominately invests in lower rated investment grade bonds, to improve the yield, a significant proportion of the portfolio may be invested in sub-investment grade stocks (rating below BBB) along with emerging markets, although overseas currency exposure is normally fully hedged. The split between high quality and high-yield stocks is not rigid and this allocation will be actively managed.
The fund benefits from the 40 member strong global fixed interest desk at Schroders who carefully monitor the financial prospects of the issuers of the bonds held in the portfolio in order to establish their credit worthiness.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

Bestinvest (Brokers) Ltd & Bestinvest (Consultants) Ltd are authorised and regulated by the Financial Services Authority. This site is for UK Investors only

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