Schroder Managed Wealth Portfolio Z

Predominantly equity fund of funds with a bias to the UK.

  • 74.97p
    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.

  • 80.27p
    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).

  • 1.08%
    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.

  • 0.80%
    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…

Prices as at 15 January 2021

Fund summary

Sector Unclassified
Structure UNIT TRUST
Launched August, 2012
Size £188m
Yield 0.80%
Charging basis Income
Dividends paid 31 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 1.08%

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Investment process

The fund's objective is to provide a total return through investment in collective investment schemes as well as directly held transferable securities, derivatives, cash, deposits, warrants and money market instruments. The fund may also gain exposure to alternatives including hedge funds, private equity and property through investment in transferable securities which themselves invest in these asset classes.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.01%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.38%
  • 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.

Kieron Launder

Kieron started his investment career in 1986 at Samuel Montagu & Co. His early career focussed on Proprietary Trading before starting in Wealth Management in 1995. He joined Lazard in early 2001 as Private Client Director. He has 15 years' investment experience and joined Lazard after 14 years at Citibank, latterly as Senior Portfolio Manager and Head of Investment Process for Private Clients at SSBCiti Asset Management. Kieron spent the last eight years at Rothschild Private Management before joining Schroders in September 2011. Kieron is an Economics and Statistics Graduate from University College, London and is based in London.

Track record

The track record of Kieron Launder 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 -23.00% (March 2002 - January 2003)
Relative -13.00% (January 2002 - January 2003)

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

12.21% Mu Lyxor Core Us Tips (Dr)Ucits Etf
10.11% Ishares Physical Metals Plc
7.84% Findlay Park Funds American Usd
6.59% Polar Global Insurance Fund
5.09% Vontobel Twentyfour Fund
4.08% Polar Uk Value Opportunities Fund
3.69% Trojan Income O Acc
3.38% Findlay Park Gbp Hedged
3.07% Hm Treasury United Kingdom Dmo 1.25% Gilt 22/10/41 Gbp0.01 (Wi)
2.89% Blackrock European Dynamic Fund.
Source: Trustnet

Key Investor Information - Income

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Key Investor Information - Accumulation

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