fund
Schroder Asian Income Z
Income focused equity fund investing in Asia (ex Japan) and Australasia.
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86.79p
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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129.30p
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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0.75%
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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0.94%
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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3.00%
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's objective is to provide growing income as well as capital appreciation over the long term by investing in Asian companies which offer attractive yields and growing dividend payments. The Fund will invest primarily in the Asia Pacific (ex Japan), including Australia and New Zealand.
Fund summary
| Sector | Asia Pacific Excluding Japan |
| Structure | UNIT TRUST |
| Launched | May, 2011 |
| Size | £1,352m |
| Yield | 3.00% |
| Charging basis | Capital |
| Dividends paid | 15 Mar |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 0.75% |
| Ongoing charges figure | 0.94% |
Allocation
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Investment process
The Fund's investment objective is to provide a growing income and capital growth for investors over the long term primarily through investment in equity and equity related securities of Asian companies which offer attractive yields and growing dividend payments. The emphasis of the fund will be investment in the Asia Pacific excluding Japan (including Australia and New Zealand) region. Investment will be in directly held transferable securities. The Fund may also invest in collective investment schemes, warrants and money market instruments.
Manager research
Average monthly relative returns
- 16/17 -0.32%
- 17/18 0.42%
- 18/19 0.67%
- 19/20 0.24%
- 20/21 0.00%
Bestinvest MRI
- 3 years 0.00%
- 5 years 0.00%
- Career 0.31%
- 3 years 0.00%
- 5 years 0.00%
- Career 99.70%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Richard Sennitt
Sennitt joined Schroders in 1993 as a trainee analyst on the Japanese desk, before moving to a fund management role. He joined the Pacific Basin team at the start of 1997 and then became a fund manager with the Asian Emerging Markets team. Sennitt graduated from Oxford University and is a CFA Charterholder.
Track record
Richard Sennitt has 8.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.31%. During the worst period of relative performance (from March 2008 - December 2008) there was a decline of 12% relative to the index. The worst absolute loss has been 34%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.
Periods of worst performance
| Absolute | -34.00% (October 2007 - November 2008) |
| Relative | -12.00% (March 2008 - December 2008) |
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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Top 10 holdings
Data accurate as at 31 July 2020
| 9.64% | Taiwan Semiconductor Co |
| 8.41% | Samsung Electronics Co |
| 4.42% | Bhp Group Plc |
| 2.76% | Sands China Ltd |
| 2.46% | China Mobile Ltd |
| 2.44% | Hong Kong Exchanges & Clearing |
| 2.35% | Media Corp Plc |
| 2.2% | Hon Hai Precision Industry |
| 2.18% | Delta Electronics Inc |
| 2.06% | Hkt Trust And Hkt Ltd Share Stapled Unit |
| Source: Trustnet |
Sector breakdown
| Information Technology | 29.00% |
| Financials | 18.00% |
| Materials | 11.00% |
| Communications | 11.00% |
| Real Estate | 11.00% |
| Consumer Discretionary | 9.00% |
| Consumer Staples | 3.00% |
| Money Market | 3.00% |
| Derivatives | 2.00% |
| Utilities | 2.00% |