Schroder European Alpha Plus Z

Targets capital growth from European equities, run using a "business cycle" approach to investing.

  • 95.35p
    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.

  • 111.70p
    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!

  • 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).

  • 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.

  • 0.20%
    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 17 September 2021, fund data last updated 29 March 2016

The fund aims to provide capital growth by investing in equities of European companies, excluding the UK.

Fund summary

Sector Europe Excluding UK
Structure UNIT TRUST
Launched February, 2012
Size £114m
Yield 0.20%
Charging basis Income
Dividends paid 15 May

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

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.44%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.05%
  • 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.

Hannah Piper

Track record

The track record of Hannah Piper in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance

Absolute -19.00% (March 2020 - March 2020)
Relative -9.00% (March 2020 - March 2020)

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

5.09% Roche Hldg Ag
4.89% Prosus N.v.
4.64% Hellofresh Se
4.35% Sanofi
4.02% Basic Fit Nv
3.97% Nestle Sa
3.85% Grifols Sa
3.78% Fresenius Se & Co Kgaa
3.74% Sap Se
3.73% Asml Holding Nv
Source: Trustnet

Sector breakdown

Health Care 21.00%
Technology 18.00%
Consumer Services 16.00%
Consumer Goods 13.00%
Financials 12.00%
Industrials 9.00%
Basic Materials 6.00%
Others 5.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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