fund
Schroder Asian Alpha Plus L
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129.60p
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.
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140.40p
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?
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0.00%
Initial chargeSome 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!
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0.68%
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).
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0.87%
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.
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0.80%
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…
The fund aims to achieve capital growth through investment in securities in the Asia (ex Japan) region. Manager Matthew Dobbs is unconstrained by any benchmark and leverages fundamental research from a large group of analysts based across the region. The fund invests in a portfolio of 50-70 companies with a focus on those with positive cash flow, balance sheet strength and valuation support.
Fund summary
| Sector | Asia Pacific Excluding Japan |
| Structure | UNIT TRUST |
| Launched | |
| Size | £1,215m |
| Yield | 0.80% |
| Charging basis | Income |
| Dividends paid | 31 Aug |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Annual management charge | 0.68% |
| Ongoing charges figure | 0.87% |
Allocation
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Investment process
The investment process is bottom-up with top-down overlay. The manager works off the wide international network of in-house career sector analysts. The analysts use proprietary models to assess prospective earnings growth, quality of earnings, competitive position, barriers and entry and focus on shareholder value. Following extensive research the analysts generate a recommendation for each stock based on a 1 to 4 rating scale (with 1 being a strong buy). The primary source of stock ideas will focus on strong buys although other stocks will not be disregarded. The manager also uses his extensive network of contacts alongside selective use of sell-side research. The manager then uses a top-down overlay to determine the country allocation. This overlay consists of a combination of proprietary models, independent macro research and a central Schroder economic team.
Manager research
Average monthly relative returns
- 16/17 0.00%
- 17/18 0.00%
- 18/19 0.00%
- 19/20 0.00%
- 20/21 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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Allocation
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Allocation
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Sector breakdown
| Information Technology | 27.00% |
| Consumer Discretionary | 22.00% |
| Financials | 19.00% |
| Communications | 11.00% |
| Industrials | 5.00% |
| Materials | 4.00% |
| Others | 3.00% |
| Real Estate | 3.00% |
| Money Market | 3.00% |
| Health Care | 2.00% |
Portfolio
The portfolio consist of between 50-70 stocks. The cash level target is <5%.