Schroder Global Equity Income Z

Global income fund targeting a yield 2% above that of the MSCI AC World index.

  • 91.34p
    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.

  • 122.50p
    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.

  • 3.20%
    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 15 January 2021

The fund's investment objective is o provide income and capital growth for investors over the long term, primarily through investment in equity and equity related securities of companies worldwide which offer attractive yields and sustainable dividend payments.

Fund summary

Sector Global Equity Income
Structure UNIT TRUST
Launched November, 2011
Size £207m
Yield 3.20%
Charging basis Capital
Dividends paid 15 Mar, 15 Sep

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%

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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.41%
  • 17/18 -0.20%
  • 18/19 -0.19%
  • 19/20 -0.61%
  • 20/21 -1.65%

Bestinvest MRI

  • 3 years -0.82%
  • 5 years -0.45%
  • Career -0.34%
  • 3 years 6.60%
  • 5 years 12.90%
  • Career 14.70%

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

Ian Kelly / Jamie Lowry

Kelly is a European and Global Equity Fund Manager at Schroders. He joined them in May 2007 initially as an analyst specialising in European Insurance and Automobiles. He gained portfolio management responsibilities in October 2010 when he became manager of Schroder ISF European Equity Yield and SISF European Dividend Maximiser, having previously directly supported Sonja Laud in the management of her yield products since late 2009. He is a CFA Charterholder. He completed a PhD in Biophysics at Newcastle University, and a Masters degree in Investment Management at Cass Business School, London. Lowry is also European and Global Equity Fund Manager and has been fund manager for the Schroder ISF European Equity Alpha since May 2010. He joined Schroders in 2004 as an equity analyst in the European Equity Team. Prior to joining Schroders, he worked at Hedley & Co Stockbrokers as a stockbroker and Deutsche Asset Management as a trainee analyst. He has a Degree in Financial & Business Economics, Royal Holloway College, University of London and is a CFA charter holder.

Track record

Ian Kelly / Jamie Lowry has 7.1 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.34%. During the worst period of relative performance (from April 2018 - October 2020) there was a decline of 36% relative to the index. The worst absolute loss has been 28%.

Periods of worst performance

Absolute -28.00% (July 2019 - March 2020)
Relative -36.00% (April 2018 - October 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

4.24% South32 Ltd
3.97% Anglo American
3.4% Pearson
2.98% Centrica Plc
2.94% Standard Chartered
2.78% Morrison(Wm.)Supermarkets
2.55% Eni
2.35% Tesco
2.25% International Bus Mach Corp
2.24% Natwest Group Plc
Source: Trustnet

Sector breakdown

Communications 17.00%
Financials 16.00%
Consumer Discretionary 12.00%
Materials 11.00%
Information Technology 11.00%
Consumer Staples 10.00%
Energy 9.00%
Health Care 5.00%
Industrials 4.00%
Utilities 3.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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