Schroder MM International Z

  • 218.00p
    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.

  • 227.40p
    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!

  • 0.50%
    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).

  • 1.45%
    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 09 April 2021

Fund summary

Sector Global
Structure UNIT TRUST
Launched April, 2012
Size £95m
Yield 0.80%
Charging basis
Dividends paid

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.50%
Ongoing charges figure 1.45%

Allocation

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Investment process

The fund's objective is to provide capital appreciation through investment in any and all geographic areas of the world and in all economic sectors, outside the UK, through UK authorised unit trusts and open-ended investment companies and other regulated collective investment schemes across several investment management groups.

Manager research

Average monthly relative returns

  • 16/17 -0.26%
  • 17/18 -0.27%
  • 18/19 -0.43%
  • 19/20 -0.45%
  • 20/21 1.33%

Bestinvest MRI

  • 3 years 0.15%
  • 5 years -0.01%
  • Career -0.05%
  • 3 years 79.40%
  • 5 years 65.50%
  • Career 76.70%

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

Marcus Brookes / Robin Mcdonald

Brookes joined Cazenove in January 2008. He is Head of MultiManager and CoManager of Cazenove's MultiManager range of funds. Prior to joining Cazenove, he was a fund manager at Gartmore Investment Management responsible for the Gartmore MultiManager range of funds. Prior to that, he held a similar position at Insight Investment, following its acquisition of Rothschild Asset Management in 2003. Brookes has 13 years investment experience and graduated from the University of Stirling with MSc in Investment Analysis. McDonald joined Cazenove in October 2007 and is co-manager of Cazenove's Multi-Manager range of funds. Prior to joining Cazenove, he worked as an Analyst at Gartmore Investment Management, where his responsibilities included asset allocation, fund selection and portfolio construction. Prior to joining Gartmore, he held a similar position at Insight Investment, following its acquisition of Rothschild Asset Management in 2003. McDonald is a CFA charterholder.

Track record

Marcus Brookes / Robin Mcdonald has 13.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.05%. During the worst period of relative performance (from January 2009 - March 2020) there was a decline of 27% relative to the index. The worst absolute loss has been 25%.

Periods of worst performance

Absolute -25.00% (January 2008 - February 2009)
Relative -27.00% (January 2009 - 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

12.8% Schroder Isf Global Gold
12.6% Glg Japan Core Alpha Prof D
10% Heptagon Kopernik Global Equity
9.2% Jupiter Global Value
9.1% Jpm Us Equity Income A Acc
8% Heptagon Yacktman Us Equity
8% Invesco European
7.2% Findlay Park American Dollar Usd
6.2% Blackrock Emerging Markets
5.2% Miller Opportunities
Source: Trustnet

Key Investor Information - Income

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Key Investor Information - Accumulation

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