Schroder European Recovery A

Targets long term capital growth from large and mid cap European equities.

  • 703.40p
    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.

  • -
    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!

  • 1.50%
    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).

  • 1.68%
    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.

  • 2.80%

    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 27 November 2020, fund data last updated 19 February 2014

The fund aims to provide capital growth by investing in equities of companies across Europe excluding the UK. The fund invests at least 80% of its assets in equities of companies across Europe excluding the UK. The fund applies a disciplined value investment approach, seeking to invest in a select portfolio of companies that the investment manager believes are significantly undervalued relative to their long-term earnings potential.

Fund summary

Sector Europe Excluding UK
Structure OEIC
Launched February, 2002
Size £154m
Yield 2.80%
Charging basis Income
Dividends paid Acc units only


Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.68%


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Investment process

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 -0.49%
  • 19/20 -1.94%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -1.05%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 2.70%

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

Andrew Lyddon / Andrew Evans

Lyddon joined Schroders as a graduate in 2005 and between 2006 and 2010 I was a research analyst responsible for producing investment research on companies in the UK construction, business services and telecoms sectors. In mid 2010 he joined the value team. Evans joined Schroders in 2015 as a member of the Value Investment team. Prior to joining Schroders ge was responsible for the UK research process at Threadneedle. He began his investment career in 2001 at Dresdner Kleinwort as a Pan-European transport analyst.

Track record

Andrew Lyddon / Andrew Evans has 2.5 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -1.05%. During the worst period of relative performance (from May 2018 - September 2020) there was a decline of 28% relative to the index. The worst absolute loss has been 34%.

Periods of worst performance

Absolute -34.00% (July 2019 - March 2020)
Relative -28.00% (May 2018 - September 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.


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Top 10 holdings

Data accurate as at 31 July 2020

4.33% Sanofi
3.98% South32 Ltd
3.97% Allianz Se
3.58% Lundin Mining Corp
3.32% Eni
3.26% Television Francaise(T.f.1)
3.1% Continental Ag
3.01% Schaeffler Ag
2.89% Unicredit Spa
2.77% Bnp Paribas Sa
Source: Trustnet

Sector breakdown

Financials 26.00%
Oil & Gas 15.00%
Basic Materials 13.00%
Industrials 11.00%
Consumer Goods 10.00%
Consumer Services 8.00%
Money Market 6.00%
Health Care 4.00%
Telecommunications 3.00%
Technology 2.00%

Key Investor Information