Schroder Small Cap Discovery Z

Invests in the equities of Asian and emerging market smaller companies.

  • 101.40p
    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.

  • 113.30p
    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).

  • 1.01%
    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 30 July 2021

The fund aims to generate superior long-term returns by investing in smaller companies operating in higher growth economies. The fund sits in the Specialist sector and can invest worldwide, but the bulk of investments are likely to be in Asia (ex Japan) and emerging markets.

Fund summary

Sector Specialist
Structure UNIT TRUST
Launched March, 2012
Size £203m
Yield 0.80%
Charging basis Income
Dividends paid 15 Jun

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 1.01%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.18%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.02%
  • 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.

Matthew Dobbs

Born in 1959, Dobbs graduated in History & Economics from Oxford. His investment career commenced in 1981 when he joined Schroders as a UK Investment Analyst. He was seconded to New York in 1983 and from 1985 he was Head of the Investment Division in Singapore. He returned to London in 1987 with responsibility for specialist Far Eastern equity portfolios. In 1996 Dobbs returned to Singapore as Global Regional Managing Director of SIM in South East Asia. Since 1999 he has managed Pacific Basin equities and is also responsible for multi-regional small cap portfolios.

Track record

The track record of Matthew Dobbs 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 -50.00% (June 2001 - January 2003)
Relative -11.00% (June 2001 - July 2001)

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

3.08% Voltronic Power Technology Corp
3% Chroma Ate Inc
2.67% Ennoconn Corp
2.66% Nien Made Enterprise Co Ltd
2.49% Vietnam Enterprise Investments Ltd
2.38% Tongcheng Elong Hldgs Ltd
2.31% Johnson Electric Hldgs
2.26% Koh Young Technology Inc
2.25% Haitian International Holdings
2.21% Asm Pacific Technology
Source: Trustnet

Sector breakdown

Consumer Discretionary 25.00%
Industrials 18.00%
Information Technology 17.00%
Financials 9.00%
Health Care 7.00%
Communications 6.00%
Real Estate 6.00%
Consumer Staples 5.00%
Materials 4.00%
Others 2.00%

Portfolio

70-100 stocks.

Key Investor Information - Income

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Key Investor Information - Accumulation

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