Schroder QEP US Core I

A North American equity fund built around a quant based model.

  • 1740.00p
    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.

  • 2485.00p
    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!

  • 0.30%
    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).

  • 0.32%
    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.

  • 1.20%
    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 09 April 2021, fund data last updated 01 July 2001

The main objective of the fund is to achieve capital growth through investment in the United States and Canada. Investments will be selected from companies that that Investment Adviser believes exhibit the best long term growth potential. A portion of the fund may be invested in attractive special situations as they arise. The fund may also invest in a wide range of investments including transferable securities, warrants, collective investment schemes and money market instruments.

Fund summary

Sector North America
Structure UNIT TRUST
Launched February, 1981
Size £117m
Yield 1.20%
Charging basis
Dividends paid 30 Jun, 31 Dec

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.30%
Ongoing charges figure 0.32%

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Investment process

The fund aims to achieve capital growth through investment in companies listed on the US and Canadian stock markets. Investments will be selected from companies that the Investment Adviser believes exhibit the best long term growth potential. Part of the Fund may be invested in attractive special situations as they arise.

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

6.23% Apple Inc
6.13% Microsoft Corp
4.85% Amazon.com Inc
3.72% Alphabet Inc
1.93% Johnson & Johnson
1.75% Facebook Inc
1.49% Procter & Gamble Co
1.39% Unitedhealth Group Inc
1.39% Visa Inc
1.35% Verizon Communications Inc
Source: Trustnet

Sector breakdown

Information Technology 29.00%
Health Care 16.00%
Consumer Discretionary 11.00%
Communications 10.00%
Financials 10.00%
Consumer Staples 9.00%
Industrials 6.00%
Energy 3.00%
Money Market 2.00%
Materials 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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