Schroder Absolute Return Bond A

  • 40.23p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 101.90p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.00%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.14%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 1.70%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 23 November 2020

The fund's objective is to to outperform the Merrill Lynch Sterling Broad Market All Stocks by 2% to 2.5% on a 3 year rolling basis whilst at the same time aiming to achieve absolute returns. Investment is diversified globally across a variety of fixed interest securities. The maximum exposure to higher yielding securities is 40%.

Fund summary

Sector Targeted Absolute Return
Structure UNIT TRUST
Launched
Size £50m
Yield 1.70%
Charging basis Capital
Dividends paid 28 Feb 31 Aug

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 1.00%
Ongoing charges figure 1.14%

Allocation

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Investment process

Invests predominantly in international high quality bonds, these may include government, supranational or corporate issues, there is also the potential to take positions in emerging market and higher yielding corporate debt. The duration profile of the fund is actively managed between 0 to 9 years. Whilst there is no minimum exposure to sterling denominated bonds, the maximum unhedged non sterling position is 20%. Top down decisions on market and sector allocation are determined by the Global Fixed Income team. Individual security selection to reflect these views is then delegated to specialist regional teams. Derivatives may be used as part of the manager's strategy to manage duration, yield curve and credit exposure.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Sector breakdown

Financials 23.00%
Mortgage & Secured Bonds 22.00%
Industrials 16.00%
Asset/Mortgage-Backed Securities 7.00%
Money Market 6.00%
Derivatives 6.00%
Unit Trusts 5.00%
Asset/Mortgage-Backed Securities 4.00%
Government Bonds 4.00%
Mortgage & Secured Bonds 2.00%

Portfolio

Approx 320 holdings.

Key Investor Information - Income

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Key Investor Information - Accumulation

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