Schroder Global Equity Income Fund Z Accumulation GBP

Global Equity Income

Rated Fund 2015-2018. Takes a patient, value-investing approach

Ian Kelly took over sole responsibility for running this fund in mid 2016, having been a co-manager since 2013. The fund yields 2.9 per cent and pays income half-yearly.He is a member of the company's value investment team, which adopts a contrarian approach. This means he seeks to outperform the market over time by buying stocks for less than their worth. At the same time, he looks for positive and sustainable income trends, aiming to invest in stocks that not only pay a high income at the time of purchase, but also have solid prospects for increasing dividends.In order to find suitable stocks, Kelly combines analysis of global growth trends, interest rate cycles and currencies with analysis at a company level, looking at key metrics such as capital discipline, operational efficiency and stability of earnings.Through this research, he aims to find good opportunities globally to invest in robust, well-managed, cash-generative businesses with sustainable earnings power. As he is buying stocks that are trading at a significant discount to their intrinsic value, this means adopting a long-term investment horizon, waiting for them to come back into favour and for market sentiment to improve, leading to a higher share price.At the end of 2017, the fund had 47 holdings and was less than a third invested in the US, down from nearly 50 per cent a year earlier. The next highest exposures were to Europe and the UK, followed by emerging markets. Overweight sectors included financials, consumer discretionary and energy.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
Schroder Global Equity Income Fund Z Accumulation GBP
Manager
Schroder Unit Trusts Limited
Type
Unit Trust
ISIN
GB00B76V7M69
Sector
Global Equity Income
Launched
08/11/2011
OCF
0.94 %
Risk Rating
3
3 Year Sharpe
1.43
3 Year Alpha
6.43
Yield
3.5 %
Benchmark
MSCI World NR GBP
The Fund aims to provide income and capital growth by investing in equity and equity related securities of companies worldwide. The Fund invests at least 80% of its assets in equity and equity related securities of companies worldwide which offer sustainable dividend payments. The Fund seeks to invest in a diversified portfolio of equity and equity related securities whose dividend yield in aggregate is greater than the average market yield. Equities with below average dividend yield may be included in the portfolio when the Investment Manager considers that they have the potential to pay above average income in future. The Fund may also invest in collective investment schemes, warrants and money market instruments, and hold cash.
Holding %
Sanofi SA 7.03 %
South32 Ltd 5.32 %
Pearson PLC 5.22 %
Eni SpA 5.08 %
Centrica PLC 4.79 %
Morrison (Wm) Supermarkets PLC 4.39 %
American International Group Inc 4.04 %
Standard Chartered PLC 3.89 %
HSBC Holdings PLC 3.89 %
Ageas NV 3.68 %
Region %
United Kingdom 35.06 %
Eurozone 28.21 %
United States 16.72 %
Asia - Developed 5.74 %
Australasia 5.53 %
Sector %
Financial Services 36.08 %
Consumer Cyclical 16.21 %
Basic materials 10.63 %
Technology 10.33 %
Energy 9.56 %
Consumer Defensive 6.52 %
Utilities 5.64 %
Name
Schroder Unit Trusts Limited
Address
EC2Y 5AU, London, United Kingdom
UCITS
Yes
Legal Structure
Unit Trust

Managers

Nick Kirrage
Joined 04/01/2018

Nicholas Kirrage is a Co-head of the Global Value Team at Schroders, and a founding member in 2013 of this team of value investors who manage UK, European and global portfolios . He is co-manager of the Schroder UK Income, Schroder UK Recovery and Global Recovery funds. He joined Schroders in 2001 and is based in London. Nicholas was a Fund Manager and Analyst at Schroders from 2001 to 2013, commencing his career in the Pan European research team with responsibility for Transport, Metals & Mining and Aerospace and Defence sectors. He became a co-fund manager in 2006 of the Schroder Recovery Fund and in 2010 of the Schroder Income Fund. Qualifications: CFA Charterholder; Meng in Aeronautical Engineering from Bristol University.

Simon Adler
Joined 04/01/2018

Simon Adler is a Fund Manager at Schroders, responsible for co-managing UK institutional value/ESG portfolios within the Global Value team. Schroders team of value investors manage UK, European and global portfolios. He joined Schroders in 2008 and is based in London. Simon was a Fund Manager and Analyst at Schroders from 2008 to 2016, commencing his career as a sector analyst responsible for Chemicals, Media, Transport, Travel & Leisure and Utilities. He became a Global Sustainability Specialist with fund management responsibilities in the Global Equity team in 2015. Qualifications: CFA Charterholder; MA in Politics from Edinburgh University.

Data provided by Morningstar.

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Money Observer and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Morningstar. We believe the data to be correct however you should take care in using any information.

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.