Schroder Asian Income Class Z Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/04/19 to 30/04/20 |
30/04/20 to 30/04/21 |
30/04/21 to 30/04/22 |
30/04/22 to 30/04/23 |
30/04/23 to 30/04/24 |
|
|---|---|---|---|---|---|
| Fund | -10.8% | 38.5% | 1.2% | -1.8% | 7.3% |
| Sector | -5.3% | 38.8% | -8.1% | -4.2% | 4.7% |
| Rank | 77/104 | 60/106 | 20/112 | 31/117 | 36/118 |
| Quartile | 3 | 3 | 1 | 2 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/04/24 |
5 Years to 30/04/24 |
10 Years to 30/04/24 |
||
| Fund | 2.2% | 5.7% | 8.5% | |
| Sector | -2.7% | 3.9% | 7.3% | |
| Rank | 13/112 | 24/104 | 20/81 | |
| Quartile | 1 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 9.81 |
| SAMSUNG ELECTRONICS CO. LTD | 4.96 |
| SAMSUNG ELECTRONICS CO. LTD | 4.52 |
| OVERSEA-CHINESE BANKING CORPORATION LIMITED | 2.97 |
| MEDIATEK | 2.91 |
| SINGAPORE TELECOMMUNICATIONS LIMITED | 2.74 |
| BOC HONG KONG (HOLDINGS) LIMITED | 2.58 |
| TELSTRA CORPORATION LIMITED | 2.52 |
| DBS GROUP HOLDINGS LTD | 2.33 |
| BHP GROUP LIMITED | 2.32 |
| Total | 37.66 |
Fund Aims
The Fund’s investment objective is to provide a growing income and capital growth for investors over the long term primarily through investment in equity and equity related securities of Asian companies which offer attractive yields and growing dividend payments. The emphasis of the fund will be investment in the Asia Pacific excluding Japan (including Australia and New Zealand) region. Investment will be in directly held transferable securities. The Fund may also invest in collective investment schemes, warrants and money market instruments.
Fund Manager
- Joined Schroders in 1993
- Investment career commenced in 1993
- Currently a fund manager for Pacific Equity and Global Small Cap Equity accounts, based in London
- In 2007, whilst maintaining specialist Pacific fund management responsibilities, Richard joined the Global Small Cap team. In 1997 he moved onto the Pacific team, where he had a broad exposure to both developed and emerging markets as a regional fund manager. Richard initially joined Schroders in 1993 as an analyst on the Japanese equity team
- Associate member of the UK Society of Investment Professionals (UKSIP). Member of the CFA Institute
- BA, Oxford University
Fund Overview
| Mid (02/05/2024) | 81.00p |
| Historic yield | 4.69% |
| Fund size (31/03/2024) | £1318.74m |
| Number of holdings | 62 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.91% |
| Launch date | 19/02/1990 |
Asset Allocation
| International Equities | 90.56% | |
| Property | 4.21% | |
| UK Equities | 2.17% | |
| Cash and Equivalents | 1.87% | |
| Alternative Trading Strategies | 0.79% | |
| Other Assets | 0.41% |
Commentary
Not Applicable
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 90.56% | |
| Property | 4.21% | |
| UK Equities | 2.17% | |
| Cash and Equivalents | 1.87% | |
| Alternative Trading Strategies | 0.79% | |
| Other Assets | 0.41% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 30.31% | - | - | - | |
| Banks | - | 21.05% | - | - | |
| Banks | - | - | 21.05% | - | |
| Banks | - | - | - | 21.05% | |
| Insurance | - | 5.50% | - | - | |
| Non-life Insurance | - | - | 3.83% | - | |
| Property & Casualty Insurance | - | - | - | 2.01% | |
| Full Line Insurance | - | - | - | 1.81% | |
| Life Insurance | - | - | 1.68% | - | |
| Life Insurance | - | - | - | 1.68% | |
| Financial Services | - | 3.76% | - | - | |
| Investment Banking & Brokerage Services | - | - | 3.76% | - | |
| Investment Services | - | - | - | 3.76% | |
| Technology | 19.35% | - | - | - | |
| Technology | - | 19.35% | - | - | |
| Technology Hardware & Equipment | - | - | 19.35% | - | |
| Semiconductors | - | - | - | 14.13% | |
| Electronic Components | - | - | - | 3.07% | |
| Production Technology Equipment | - | - | - | 2.15% | |
| Telecommunications | 18.56% | - | - | - | |
| Telecommunications | - | 18.56% | - | - | |
| Telecommunications Equipment | - | - | 9.47% | - | |
| Telecommunications Equipment | - | - | - | 9.47% | |
| Telecommunications Service Providers | - | - | 9.09% | - | |
| Telecommunications Services | - | - | - | 9.09% | |
| Real Estate | 8.05% | - | - | - | |
| Real Estate | - | 8.05% | - | - | |
| Real Estate Investment Trusts | - | - | 4.21% | - | |
| Retail REITs | - | - | - | 2.53% | |
| Industrial REITs | - | - | - | 1.31% | |
| Diversified REITs | - | - | - | 0.37% | |
| Real Estate Investment & Services | - | - | 3.83% | - | |
| Real Estate Holding and Development | - | - | - | 3.83% | |
| Basic Materials | 5.62% | - | - | - | |
| Basic Resources | - | 5.62% | - | - | |
| Industrial Metals & Mining | - | - | 5.62% | - | |
| General Mining | - | - | - | 5.62% | |
| Consumer Discretionary | 5.34% | - | - | - | |
| Consumer Products & Services | - | 4.35% | - | - | |
| Household Goods & Home Construction | - | - | 1.94% | - | |
| Household Appliance | - | - | - | 1.94% | |
| Personal Goods | - | - | 1.41% | - | |
| Clothing & Accessories | - | - | - | 1.41% | |
| Leisure Goods | - | - | 1.01% | - | |
| Electronic Entertainment | - | - | - | 1.01% | |
| Automobiles & Parts | - | 0.99% | - | - | |
| Automobiles & Parts | - | - | 0.99% | - | |
| Automobiles | - | - | - | 0.99% | |
| Consumer Staples | 4.18% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 2.14% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 2.14% | - | |
| Food Retailers & Wholesalers | - | - | - | 2.14% | |
| Food, Beverage & Tobacco | - | 2.04% | - | - | |
| Food Producers | - | - | 2.04% | - | |
| Food Products | - | - | - | 2.04% | |
| Industrials | 2.82% | - | - | - | |
| Industrial Goods & Services | - | 2.82% | - | - | |
| Electronic & Electrical Equipment | - | - | 1.80% | - | |
| Electrical Components | - | - | - | 1.80% | |
| Industrial Engineering | - | - | 1.02% | - | |
| Machinery: Construction & Handling | - | - | - | 1.02% | |
| Cash and Equivalents | 1.87% | - | - | - | |
| Energy | 1.81% | - | - | - | |
| Energy | - | 1.81% | - | - | |
| Non-Renewable Energy | - | - | 1.81% | - | |
| Oil Refining and Marketing | - | - | - | 1.36% | |
| Oil: Crude Producers | - | - | - | 0.45% | |
| Health Care | 0.91% | - | - | - | |
| Health Care | - | 0.91% | - | - | |
| Medical Equipment & Services | - | - | 0.91% | - | |
| Medical Services | - | - | - | 0.91% | |
| Alternative Trading Strategies | 0.79% | - | - | - | |
| Alternative Trading Strategies | - | 0.79% | - | - | |
| Alternative Trading Strategies | - | - | 0.79% | - | |
| Alternative Trading Strategies | - | - | - | 0.79% | |
| Non-Classified | 0.41% | - | - | - | |
| Non-Classified | - | 0.41% | - | - | |
| Non-Classified | - | - | 0.41% | - | |
| Non-Classified | - | - | - | 0.41% | |
Regional Allocation
| Emerging Asia | 51.42% | |
| Developed Asia | 20.09% | |
| Australia & New Zealand | 16.99% | |
| Property | 4.21% | |
| UK | 2.95% | |
| Non-Classified | 2.46% | |
| Cash and Equivalents | 1.87% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 76.06% | |
| Pound Sterling | 12.23% | |
| Euro | 5.65% | |
| US Dollar | 3.29% | |
| Cash | 2.62% | |
| Won | 0.13% | |
| Swiss Franc | 0.01% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Emerging Asia | 51.42% | - | |
Taiwan
|
- | 22.03% | |
South Korea
|
- | 15.08% | |
China
|
- | 7.22% | |
Indonesia
|
- | 4.32% | |
Thailand
|
- | 1.78% | |
Viet Nam
|
- | 1.00% | |
| Developed Asia | 20.09% | - | |
Singapore
|
- | 11.49% | |
Hong Kong
|
- | 8.61% | |
| Australia & New Zealand | 16.99% | - | |
Australia
|
- | 16.99% | |
| Property | 4.21% | - | |
| UK | 2.95% | - | |
United Kingdom
|
- | 2.95% | |
| Non-Classified | 2.46% | - | |
| Cash and Equivalents | 1.87% | - | |
Breakdown By Market Cap (%)
| Mega |
|
49.84% |
| Large |
|
30.42% |
| Medium |
|
6.01% |
| Non-Classified |
|
11.86% |
| Cash |
|
1.87% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 9.81% | Technology Hardware & Equipment | Taiwan |
| 2 | SAMSUNG ELECTRONICS CO. LTD | 4.96% | Telecommunications Equipment | South Korea |
| 3 | SAMSUNG ELECTRONICS CO. LTD | 4.52% | Telecommunications Equipment | South Korea |
| 4 | OVERSEA-CHINESE BANKING CORPORATION LIMITED | 2.97% | Banks | Singapore |
| 5 | MEDIATEK | 2.91% | Technology Hardware & Equipment | Taiwan |
| 6 | SINGAPORE TELECOMMUNICATIONS LIMITED | 2.74% | Telecommunications Service Providers | Singapore |
| 7 | BOC HONG KONG (HOLDINGS) LIMITED | 2.58% | Banks | Hong Kong |
| 8 | TELSTRA CORPORATION LIMITED | 2.52% | Telecommunications Service Providers | Australia |
| 9 | DBS GROUP HOLDINGS LTD | 2.33% | Banks | Singapore |
| 10 | BHP GROUP LIMITED | 2.32% | Industrial Metals & Mining | Australia |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 19.35% | - | - | - | - | - | - | 19.35% |
| Telecommunications | - | 18.56% | - | - | - | - | - | - | 18.56% |
| Financials | - | 30.31% | - | - | - | - | - | - | 30.31% |
| Real Estate | - | 3.83% | - | - | - | 4.21% | - | - | 8.05% |
| Consumer Discretionary | - | 5.34% | - | - | - | - | - | - | 5.34% |
| Consumer Staples | - | 4.18% | - | - | - | - | - | - | 4.18% |
| Energy | - | 1.81% | - | - | - | - | - | - | 1.81% |
| Health Care | - | 0.91% | - | - | - | - | - | - | 0.91% |
| Industrials | - | 2.82% | - | - | - | - | - | - | 2.82% |
| Basic Materials | 2.17% | 3.45% | - | - | - | - | - | - | 5.62% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.87% | 1.87% |
| Non-Classified | - | - | - | - | - | - | 1.19% | - | 1.19% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B559X85 |
| Mex Code | SISIAN |
| Isin Code | GB00B559X853 |
| Citi Code | NNC8 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.91% |
Aims and Benchmark
| Aims | The Fund’s investment objective is to provide a growing income and capital growth for investors over the long term primarily through investment in equity and equity related securities of Asian companies which offer attractive yields and growing dividend payments. The emphasis of the fund will be investment in the Asia Pacific excluding Japan (including Australia and New Zealand) region. Investment will be in directly held transferable securities. The Fund may also invest in collective investment schemes, warrants and money market instruments. |
| Benchmark | MSCI AC Pacific ex Japan (Net Total Return) Index |
| Benchmark Category | - |
| IA Sector | Asia Pacific Excluding Japan |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | Unit Trust |
| Launch price | £0.50 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 16 January | 15 March |
| 16 July | 15 September |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | J.P. Morgan Trustee and Depositary Company Limited |
| Fund Administrator | IFDS |
| Fund Registrar | IFDS |
| Fund Custodian | J.P. Morgan Trustee and Depositary Company Limited |
Group Details
| Group name | Schroder Unit Trusts Limited |
| Group address | 1 London Wall Place, London, EC2Y 5AU United Kingdom |
| Group telephone | 0800 718 777 |
| Dealing telephone | 0800 718 788 |
| investorservices@schroders.com | |
| Homepage | www.schroders.co.uk |
| Fax number | 0870 043 4080 |
Dealing
| Minimum Investment | £3000000 |
| Minimum Top Up | £100000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 2 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 3.88 |
| Beta | 0.86 |
| Sharpe | 0.00 |
| Standard Deviation | 11.96 |
| Info Ratio | 0.92 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | Yes |
| Concentrated Portfolio | No |
| Smaller Companies | Yes |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | Yes |
| Performance Charges | No |
| Derivative Exposure | Yes |
| Offshore | No |
| Income Eroding Capital Growth | Yes |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Charges to Capital
Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
Emerging Markets
The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
Smaller Companies
The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Higher Risk
This fund is specifically aimed at sophisticated investors and is particularly high risk, because it concentrates on a region that may be exposed to unusual political or economic risks. You should only invest if you are comfortable with the specific risks pertaining to the fund in question. If you are not familiar with these you should ask us for a copy of the provider's key features and brochure.
Derivative Exposure
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
Income Eroding Capital Growth
The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.