Fact sheet: Schroder Hi Yield Opps

Fund information
Fund name
Schroder High Yield Opportunities Z Acc
Fund manager company
Schroder UT Managers
Fund type
Unit Trust
Fund managers
  • Michael Scottsince 01/08/2012
Fund objective
The fund aims to provide income by investing in fixed and floating rate securities worldwide. The fund also aims to provide capital growth. The fund invests at least 80% of its assets in bonds (denominated in or hedged back into sterling) issued by governments, government agencies and companies worldwide. The fund invests at least 50% of its assets in Pan-European bonds. The fund invests at least 80% of its assets in below investment grade securities (as measured by Standard & Poor's or any other equivalent credit rating agencies) or in unrated securities. The fund may also invest in collective investment schemes and warrants, and hold cash. The fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the fund more efficiently. The fund may use leverage and take short positions.
Benchmark
  • IA GBP High Yield
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
7%
1 Year rank in sector
2/23
Sector
UT Sterling High Yield
Yield
6.3%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.72%
Fund size
£629m (£378m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
27
Bid price
83.2
Offer price
84.02
Top in this sector
Fund name1 Year
Invesco Perp High Yield7.9%
Schroder Hi Yield Opps7%
Baillie Gifford Hi Yd Bond5.7%
L&G High Income Trust5.6%
Marlborough High Yld Fxd Int5.2%
...more in UT Sterling High Yield

Performance snapshot

Holdings snapshot

  • UK27.1%
    USA13.4%
    Italy12.8%
    France8.5%
    Luxembourg6.8%
  • Industrials67.6%
    Financials20%
    Government Agency Bonds4.9%
    Utilities3.7%
    Government Bonds3.6%
  • UK Fixed Interest27.8%
    US Fixed Interest13.4%
    Italian Fixed Interest12.8%
    French Fixed Interest8.5%
    Luxembourg Fixed Interest6.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%-0.5%1.7%7%24.1%44.8%
Sector0.6%-0.4%0.3%4.4%13%23.1%
Rank within sector15 / 2312 / 231 / 232 / 231 / 231 / 21
Quartile3rd3rd1st1st1st1st
Calendar performance
 YTD - 20182017201620152014
Fund1%9.9%11.4%5%5%
Sector0.2%6.5%9.9%-0.3%1.8%
Rank within sector3 / 231 / 238 / 232 / 232 / 22
Quartile1st1st2nd1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
3.45
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.85
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
4.58
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
1.76
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
1.95
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.85
Price movement
52 week high83.84
52 week low77.77
Current bid price83.2
Current offer price84.02
Current mid price-
Region
1UK27.1%
2USA13.35%
3Italy12.84%
4France8.5%
5Luxembourg6.82%
6Spain5.29%
7Brazil4.31%
8Mexico3.07%
9Argentina2.69%
Industry sector
1Industrials67.59%
2Financials20.01%
3Government Agency Bonds4.9%
4Utilities3.72%
5Government Bonds3.64%
6Mortgage & Secured Bonds0.57%
7Money Market0.54%
8Derivatives-0.97%
Asset type
1UK Fixed Interest27.85%
2US Fixed Interest13.35%
3Italian Fixed Interest12.84%
4French Fixed Interest8.5%
5Luxembourg Fixed Interest6.82%
6Spanish Fixed Interest5.29%
7American Emerging Fixed Interest4.57%
8Brazilian Fixed Interest4.31%
9Mexican Fixed Interest3.07%
Individual holdings
1ALMAVIVA SPA 7.25% BDS 15/10/22 EUR1000001.94%
2ICELAND BONDCO PLC 4.625% BDS 15/03/25 GBP10001.47%
3SCHUMANN SPA 7% NTS 31/07/23 EUR1000REG S1.42%
4IFIS 4.5% BDS 17/10/27 EUR1000001.39%
5WFS GLOBAL HLDGS 9.5% BDS 15/07/22 EUR100000REG S1.38%
6AMIGO LUXEMBOURG SA 7.625% BDS 15/01/24 GBP1000001.31%
7VALLOUREC SA 4.125% BDS 04/10/22 EUR6.891.31%
8SAFARI HLDG VERWALTUN 5.375% BDS 30/11/22 EUR100000REG S1.27%
9VIRGIN MEDIA RECEIVABLES FIN NOTES 5.5% BDS 15/09/24 GBP1000001.21%
Management
Fund manager group
Schroders
Fund manager company
Schroder UT Managers
Fund type
Unit Trust
Fund objective
The fund aims to provide income by investing in fixed and floating rate securities worldwide. The fund also aims to provide capital growth. The fund invests at least 80% of its assets in bonds (denominated in or hedged back into sterling) issued by governments, government agencies and companies worldwide. The fund invests at least 50% of its assets in Pan-European bonds. The fund invests at least 80% of its assets in below investment grade securities (as measured by Standard & Poor's or any other equivalent credit rating agencies) or in unrated securities. The fund may also invest in collective investment schemes and warrants, and hold cash. The fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the fund more efficiently. The fund may use leverage and take short positions.
Benchmark
  • IA GBP High Yield
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Michael Scott01/08/2012Michael Scott transferred to the European and UK credit desk as a Portfolio Manager in 2010. He initially joined Schroders in 2006 as a European Industrials credit analyst, covering investment grade and high yield issuers. Prior to this, Michael worked at Cazenove from 2005. Michael holds a BA (Hons) degree in geography from Oxford University, and is a CFA charter holder.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Schroder High Yield Opportunities A Acc
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.37%
Total expense ratio (TER)-
Bid price137.4
Offer price137.6
Mid price-
CurrencyGBX
Price updated18/04/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQA75
Schroder High Yield Opportunities A Inc
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.37%
Total expense ratio (TER)-
Bid price48.91
Offer price48.95
Mid price-
CurrencyGBX
Price updated18/04/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeQA76
Schroder High Yield Opportunities Z Acc
Initial charge-
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)-
Bid price83.2
Offer price84.02
Mid price-
CurrencyGBX
Price updated18/04/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG15N
Schroder High Yield Opportunities Z Inc
Initial charge-
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)-
Bid price55.02
Offer price55.56
Mid price-
CurrencyGBX
Price updated18/04/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI6N3
Data provided by

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