Schroder QEP Global Emerging Markets Z

A global emerging markets equity portfolio driven by a quantitative based model

  • 75.94p
    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!

  • 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).

  • 1.06%
    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.

  • 1.80%

    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 09 April 2021

Fund summary

Sector Global Emerging Markets
Structure OEIC
Launched August, 2014
Size £79m
Yield 1.80%
Charging basis Capital
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 0.75%
Ongoing charges figure 1.06%


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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.14%
  • 17/18 -0.07%
  • 18/19 -0.06%
  • 19/20 -0.13%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years -0.06%
  • 5 years -0.03%
  • Career 0.01%
  • 3 years 38.60%
  • 5 years 52.40%
  • Career 76.10%

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

Justin Abercrombie

Abercrombie was born in 1969 and studied for a degree in Business Economics and Masters in Econometrics. His investment career commenced in 1993, when he joined Economic Consultants OHAL as an Econometric Analyst in 1991, before moving to Pareto Partners as a Research Analyst in 1993. He joined Schroders in 1996 as a founding member of the Investment Strategies Unit (ISU), then was appointed Head of the ISU in 2000. He has been the fund manager of the Schroder Institutional Global Equity Fund, the Schroder World Markets Fund (SWMF) - US Equity, the Schroder UK Equity Advantage Fund, the Schroder Institutional America Fund and the Schroder International Selection Fund (SISF) and the North American Equity Sigma Fund, and is now an Executive Director.

Track record

Justin Abercrombie has 18.5 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.01%. During the worst period of relative performance (from March 2012 - October 2020) there was a decline of 11% relative to the index. The worst absolute loss has been 26%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 76%.

Periods of worst performance

Absolute -26.00% (May 2007 - February 2009)
Relative -11.00% (March 2012 - 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

2.22% Taiwan Semiconductor Co
1.67% Samsung Electronics Co
1.51% Tata Consultancy Services
1.45% Infosys
1.41% Vodacom Group Limited
1.31% Tencent Hldgs Ltd
1.2% Shandong Weigao Group Medical Polymer Co Ltd
1.13% Kimberly Enterprises N.v.
1.07% Telekomunikasi Indonesia(Persero)
1% Kumba Iron Ore Ltd
Source: Trustnet

Sector breakdown

Information Technology 21.00%
Financials 11.00%
Consumer Staples 11.00%
Consumer Discretionary 10.00%
Communications 9.00%
Industrials 9.00%
Materials 8.00%
Health Care 7.00%
Utilities 4.00%
Energy 4.00%

Key Investor Information