Fact sheet: Schroder Oriental Income IT

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
ASIA EQUITIES
Sector
IT Asia Pacific excluding Japan Equities
Fund type
Investment Trust
Primary aim
GROWTH & INCOME
Why Money Observer Rates Schroder Oriental Income IT

Rated Fund 2013, 2015-2017. A trust with a solid and growing income

This trust has been managed since its launch in 2005 by Matthew Dobbs. It was highly commended in Money Observer's trust awards in 2014. It has a yield of nearly 4 per cent and it pays income quarterly.

Despite its price volatility, dividend growth has been consistent - 4.6 per cent a year on average over the past five years. Dobbs has long experience of Asian markets, and he can draw on Schroders' team of analysts based in the region.

He looks for quality companies with strong balance sheets, good cash flows and sound corporate governance that he can buy at attractive valuations.

Dobbs regards Asia as an attractive place to invest, thanks to its scope for growth and dynamism. He points out that the region contains nearly half the world's population and is very diverse, encompassing developed economies such as Hong Kong as well as developing countries such as India.

Dobbs likes companies that pay sustainable dividends. He says a large and increasing number of firms in the region understand the importance of paying dividends. He adds that as Asian companies mature and managements realise the value of paying dividends, the trend towards higher yields will continue.

Dobbs believes there are plenty of investment opportunities for active fund managers to construct rewarding income portfolios. He points out that over the life of the trust, dividends in Asia have grown at roughly twice the rate of UK dividends.

3 Year Performance
Fund Performance43.7%
Average of Rated Funds Group47.5%
Sector Performance44.4%
Fund information
Fund name
Schroder Oriental Income
Fund manager company
Schroder Investment Management
Fund type
Investment Trust
Fund manager
  • Matthew Dobbssince 27/07/2005
Accolades
Highly Commended - Best Asia Pacific ex Japan Trust 
Regular Investing - Developing Markets
Fund objective
The Company's investment objective is to provide a total return for investors primarily through investments in equities and equity-related investments, of companies which are based in, or which derive a significant proportion of their revenues from, the Asia Pacific region and which offer attractive yields.
Benchmark
  • MSCI AC Pacific ex Japan
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
9.6%
1 Year rank in sector
10/15
Sector
IT Asia Pacific excluding Japan Equities
Yield
3.7%
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.
0.85%
Fund size
£636m
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.
120
Mid price
254
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
248.45
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
+2.23
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
106
Top in this sector
Fund name1 Year
Pac Hrzn IT PLC45.9%
ScrdrAsnTtlRetnInvstCo34.6%
JP Morgan Asian IT plc30.7%
Schroder Asia Pacific27.3%
Invesco Asia Trust plc19.1%
...more in IT Asia Pacific excluding Japan Equities

Performance snapshot

Holdings snapshot

  • Hong Kong24.4%
    Australia15.4%
    Singapore14.1%
    Taiwan13.3%
    China12.6%
  • No data available.
  • Hong Kong Equities24.4%
    Australian Equities15.4%
    Singapore Equities14.1%
    Taiwanese Equities13.3%
    Chinese Equities12.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.2%-0.5%1.7%9.6%43.7%56.8%
Sector-3.7%-0.4%3.7%16.9%44.4%59.4%
Rank within sector3 / 158 / 159 / 1510 / 157 / 158 / 15
Quartile1st3rd3rd3rd2nd3rd
Calendar performance
 YTD - 20182017201620152014
Fund-0.4%14.8%35.9%-2.4%12.8%
Sector-1.5%26%28.9%-6.1%11.7%
Rank within sector4 / 1512 / 153 / 156 / 154 / 15
Quartile2nd4th1st2nd2nd
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.
2.87
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.
0.86
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.
0.78
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%.
14.36
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.
8.24
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.
0.1
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.
0.68
Price movement
52 week high269
52 week low238.25
Current bid price251
Current offer price255
Current mid price254
Region
1Hong Kong24.4%
2Australia15.4%
3Singapore14.1%
4Taiwan13.3%
5China12.6%
6Korea9.8%
7Thailand7.2%
8UK3%
9Japan2.6%
Industry sector
No data available.
Asset type
1Hong Kong Equities24.4%
2Australian Equities15.4%
3Singapore Equities14.1%
4Taiwanese Equities13.3%
5Chinese Equities12.6%
6South Korean Equities9.8%
7Thai Equities7.2%
8UK Equities3%
9Japanese Equities2.6%
Individual holdings
1TAIWAN SEMICONDUCTOR MANUFACTURING5.5%
2SAMSUNG ELECTRONICS CO5%
3HSBC HLDGS4.8%
4FORTUNE REAL ESTATE INVESTMENT TRUST UTS4%
5MIDEA GROUP CO LTD3.1%
6BHP BILLITON PLC3%
7NATIONAL AUSTRALIA BANK2.8%
8SWIRE PACIFIC2.5%
9STANDARD CHARTERED2.4%
Management
Fund manager group
Schroders
Fund manager company
Schroder Investment Management
Fund type
Investment Trust
Fund objective
The Company's investment objective is to provide a total return for investors primarily through investments in equities and equity-related investments, of companies which are based in, or which derive a significant proportion of their revenues from, the Asia Pacific region and which offer attractive yields.
Benchmark
  • MSCI AC Pacific ex Japan
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Matthew Dobbs27/07/2005Matthew Dobbs joined Schroders in 1981 as an equity analyst, with secondments to both New York and Singapore. He has managed Asian equity portfolios since 1985, and the Schroder AsiaPacific Fund since its launch in 1995. He is currently based in Schroders' London office, and is a Director of Schroder Investment Management Limited. Matthew has a Degree in History and Economics.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Offshore
Schroder Oriental Income
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price248.45
CurrencyGBX
Price updated14/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJIG
Schroder Oriental Income NAV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price247.31
CurrencyGBX
Price updated14/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeTK75
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.