Fact sheet: Schroder Recovery

Fund information
Fund name
Schroder Recovery Z Acc
Fund manager company
Schroder UT Managers
Fund type
Unit Trust
Fund managers
  • Kevin Murphysince 20/07/2006
  • Nick Kirragesince 20/07/2006
Fund objective
The fund aims to provide capital growth by investing in equities of UK companies that have suffered a severe setback in either share price or profitability. The fund invests at least 80% of its assets in equities of UK companies. The fund applies a disciplined value investment approach, seeking to invest in a select portfolio of companies that the manager believes are significantly undervalued relative to their long-term earnings potential. Recovery investments can be out of favour for many reasons, including weak short-term profitability, macro-economic concerns or an under strength balance sheet. These factors can significantly reduce the attractiveness of companies to short term investors and induce discounts to fair value. The Manager's recovery investment approach seeks to exploit this in a diversified manner. 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.
Benchmark
  • FTSE All Share Total Return Index
Investment style
Value
Investment method
Shares
Quick stats
1 Year return
16.5%
1 Year rank in sector
77/272
Sector
UT UK All Companies
Yield
2%
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.
0.91%
Fund size
£1,135m (£796m 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.
98
Bid price
110.4
Offer price
111
Top in this sector
Fund name1 Year
Unicorn UK Growth37%
MI Chelverton UK Equ Grth35%
Stan Life Inv UK Opps34.4%
Blackrock Inst Eq UK Sm Cos33.9%
Elite Webb Cap SmCos Inc&Gth33.5%
...more in UT UK All Companies

Performance snapshot

Holdings snapshot

  • UK81%
    USA6.5%
    Australia5.7%
    Money Market5.3%
    France0.2%
  • Financials32.8%
    Consumer Services19.2%
    Basic Materials11.3%
    Oil & Gas8%
    Technology7.3%
  • UK Equities81%
    US Equities6.5%
    Australian Equities5.7%
    Money Market5.3%
    French Equities0.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.6%3.4%6.2%16.5%35.6%93.2%
Sector4.2%3.8%6%14.9%38.6%65.7%
Rank within sector99 / 279128 / 278102 / 27777 / 272160 / 25544 / 242
Quartile2nd2nd2nd2nd3rd1st
Calendar performance
 YTD - 20172016201520142013
Fund6.9%31.1%-12.7%2.2%46.2%
Sector11.8%11.2%3.7%0.6%25.7%
Rank within sector241 / 2752 / 265258 / 25880 / 2524 / 245
Quartile4th1st4th2nd1st
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.
0.58
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.
0.88
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.
0.46
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%.
10.39
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.
6.81
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.
-0.09
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.
0.58
Price movement
52 week high110.4
52 week low94.58
Current bid price110.4
Current offer price111
Current mid price-
Region
1UK80.95%
2USA6.54%
3Australia5.68%
4Money Market5.3%
5France0.24%
6Not Specified0.2%
7Italy0.2%
8China0.2%
9Greece0.18%
Industry sector
1Financials32.76%
2Consumer Services19.2%
3Basic Materials11.29%
4Oil & Gas8.02%
5Technology7.29%
6Utilities6.52%
7Money Market5.3%
8Health Care5.24%
9Industrials2.83%
Asset type
1UK Equities80.95%
2US Equities6.54%
3Australian Equities5.68%
4Money Market5.3%
5French Equities0.24%
6Alternative Investment Strategies0.2%
7Italian Equities0.2%
8Chinese Equities0.2%
9Greek Equities0.18%
Individual holdings
1HSBC HLDGS5.81%
2SOUTH32 LTD5.57%
3SCHRODER STERLING LIQUIDITY PLUS I ACC5.39%
4ROYAL BANK OF SCOTLAND GROUP PLC5.09%
5ANGLO AMERICAN5.01%
6STANDARD CHARTERED4.99%
7BARCLAYS4.85%
8BP4.6%
9PEARSON4.47%
Management
Fund manager group
Schroders
Fund manager company
Schroder UT Managers
Fund type
Unit Trust
Fund objective
The fund aims to provide capital growth by investing in equities of UK companies that have suffered a severe setback in either share price or profitability. The fund invests at least 80% of its assets in equities of UK companies. The fund applies a disciplined value investment approach, seeking to invest in a select portfolio of companies that the manager believes are significantly undervalued relative to their long-term earnings potential. Recovery investments can be out of favour for many reasons, including weak short-term profitability, macro-economic concerns or an under strength balance sheet. These factors can significantly reduce the attractiveness of companies to short term investors and induce discounts to fair value. The Manager's recovery investment approach seeks to exploit this in a diversified manner. 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.
Benchmark
  • FTSE All Share Total Return Index
Investment style
Value
Investment method
Shares
Fund managers
NameSinceBiography
Kevin Murphy20/07/2006Co-manager of Schroder UK Income, Schroder UK Recovery and Global Recovery funds, Founding member of the Global Value Team in 2013, Investment career commenced in 2000 in Schroders’ UK Equity fund management team, Previously sector analyst for Pan European Construction and Building Materials, Chartered Financial Analyst, Degree in Economics, Manchester University
Nick Kirrage20/07/2006Co-manager of Schroder UK Income, Schroder UK Recovery and Global Recovery funds, Founding member of the Global Value Team in 2013, Investment career commenced in 2001 within Schroders’ Pan European research team, Previously analyst responsible for a number of sectors including Transport, Metals & Mining and Aerospace and Defence sectors, Chartered Financial Analyst, Degree in Aeronautical Engineering, Bristol University
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Schroder Recovery A Acc
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.66%
Total expense ratio (TER)-
Bid price21440
Offer price21570
Mid price-
CurrencyGBX
Price updated17/10/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeUM61
Schroder Recovery A Inc
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.66%
Total expense ratio (TER)-
Bid price12330
Offer price12400
Mid price-
CurrencyGBX
Price updated17/10/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeUM13
Schroder Recovery L Acc
Initial charge-
Annual charge0.68%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.84%
Total expense ratio (TER)-
Bid price69.67
Offer price70.07
Mid price-
CurrencyGBX
Price updated17/10/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJOVP
Schroder Recovery L Inc
Initial charge-
Annual charge0.68%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.84%
Total expense ratio (TER)-
Bid price63.97
Offer price64.34
Mid price-
CurrencyGBX
Price updated17/10/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJOVQ
Schroder Recovery Z Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)-
Bid price110.4
Offer price111
Mid price-
CurrencyGBX
Price updated17/10/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code05AO
Schroder Recovery Z Inc
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)-
Bid price96.66
Offer price97.22
Mid price-
CurrencyGBX
Price updated17/10/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code05AN
Data provided by

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