Schroder High Yield Opportunities Class Z Acc

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

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 -12.3% 30.7% -2.5% -4.3% 14.9%
Sector -6.7% 18.6% -4.4% -1.3% 9.7%
Rank 23/24 2/27 9/29 25/29 1/29
Quartile 4 1 2 4 1

Annualised performance

Annualised
3 Years to
30/04/24		 5 Years to
30/04/24		 10 Years to
30/04/24
Fund 2.3% 4.2% 5.0%
Sector 1.1% 2.7% 3.0%
Rank 9/29 3/24 1/20
Quartile 2 1 1

Top 10 Holdings

Stock % Weight
Energy Transfer LP 2.22
TIBCO Software Inc 2.17
Marcolin SpA 2.13
TalkTalk Telecom Group Ltd 2.06
Global Aircraft Leasing Co Ltd 2.02
4½% Treasury Gilt 2028 1.97
Highlands Holdings Bond Issuer Ltd / Highlands Holdings Bond Co-Issuer Inc 1.71
MPT Operating Partnership LP / MPT Finance Corp 1.68
United Kingdom Treasury Bill 1.60
Emeria SASU 1.58
Total 19.15

Fund Aims

The fund’s investment objective is to achieve a high level of income from a diversified portfolio of debt securities. The full spectrum of available securities, including unrated issues and those of non-investment grade, will be utilised. Investment will be in directly held transferable securities. The fund may also invest in collective investment schemes, warrants and money market instruments.

Fund Manager

Daniel Pearson and Team manager for 5 years and 7 months

Photo of Daniel Pearson and Team Daniel Pearson is an analyst at Schroders, based in London. He joined Schroders in 2013. Daniel was an investment executive at 3i Investments plc from 1997 to 2007. He was previously a finance graduate at Hambros plc from 1991 to 1996. ACCA Accountancy.

Fund Overview

Mid (30/04/2024) 104.40p
Distribution yield 7.95%
Underlying yield -
Fund size (31/03/2024) £498.72m
Number of holdings 201
Entry Charge 0.00%
Ongoing Charges 0.72%
Launch date 03/03/2000

Asset Allocation

pie chart
  International Bonds 70.23%
  UK Corporate Bonds 20.44%
  Cash and Equivalents 2.99%
  UK Gilts 2.69%
  International Equities 0.00%
  Alternative Trading Strategies -0.45%
  Other Assets 4.10%

Commentary

Not Applicable

Portfolio data accurate as at: 31/03/24

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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Bonds 70.23%
  UK Corporate Bonds 20.44%
  Cash and Equivalents 2.99%
  UK Gilts 2.69%
  International Equities 0.00%
  Alternative Trading Strategies -0.45%
  Other Assets 4.10%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Bonds 93.36% - - -
 
 Non-Classified 4.10% - - -
 
 Cash and Equivalents 2.99% - - -
 
 Alternative Trading Strategies -0.45% - - -
 
 Alternative Trading Strategies - -0.45% - -
 
 Alternative Trading Strategies - - -0.45% -
 
 Alternative Trading Strategies - - - -0.45%

Regional Allocation

pie chart
  Developed Europe - Excl UK 37.44%
  UK 23.13%
  North America 19.19%
  Non-Classified 10.12%
  South & Central America 3.61%
  Cash and Equivalents 2.99%
  Middle East & Africa 2.11%
  Emerging Europe 1.41%

Fixed Interest Currencies

pie chart
  US Dollar 34.27%
  Euro 33.07%
  Pound Sterling 25.85%
  Non-Fixed Interest Assets 3.65%
  Cash 2.99%
  Singapore Dollar 0.16%

Regional Breakdown

Expand allCollapse all
Region Country
 
 Developed Europe - Excl UK 37.44% -
 
 Luxembourg - 8.28%
 
 Germany - 6.67%
 
 France - 6.41%
 
 Italy - 6.22%
 
 Netherlands - 2.51%
 
 Spain - 2.36%
 
 Austria - 1.28%
 
 Sweden - 0.96%
 
 Ireland - 0.74%
 
 Switzerland - 0.74%
 
 Belgium - 0.58%
 
 Portugal - 0.39%
 
 Finland - 0.31%
 
 UK 23.13% -
 
 United Kingdom - 23.13%
 
 North America 19.19% -
 
 United States - 18.05%
 
 Canada - 1.13%
 
 Non-Classified 10.12% -
 
 South & Central America 3.61% -
 
 Mexico - 2.38%
 
 Brazil - 1.09%
 
 Chile - 0.15%
 
 Cash and Equivalents 2.99% -
 
 Middle East & Africa 2.11% -
 
 Israel - 2.11%
 
 Emerging Europe 1.41% -
 
 Turkey - 0.53%
 
 Greece - 0.40%
 
 Poland - 0.32%
 
 Hungary - 0.16%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
68.26%
5Yr - 10Yr Maturity
 
 
14.50%
10Yr - 15Yr Maturity
 
 
1.72%
> 15Yr Maturity
 
 
8.89%
Cash And Equivalents
 
 
2.99%
Unknown Maturity
 
 
4.10%
Other Asset Types
 
-0.45%

Fixed Interest Quality Profile

AAA
 
 
1.38%
AA
 
 
2.69%
A
 
 
1.27%
BBB
 
 
4.85%
Sub-Investment Grade
 
 
33.41%
Unknown Quality
 
 
49.76%
Cash and Equivalents
 
 
2.99%
Other Asset Types
 
 
3.65%

Top 10 Holdings

Stock % Weight Sector Country
1 Energy Transfer LP 2.22% Bonds United States
2 TIBCO Software Inc 2.17% Bonds United States
3 Marcolin SpA 2.13% Bonds Italy
4 TalkTalk Telecom Group Ltd 2.06% Bonds United Kingdom
5 Global Aircraft Leasing Co Ltd 2.02% Bonds Non-Classified
6 4½% Treasury Gilt 2028 1.97% Bonds United Kingdom
7 Highlands Holdings Bond Issuer Ltd / Highlands Holdings Bond Co-Issuer Inc 1.71% Bonds United States
8 MPT Operating Partnership LP / MPT Finance Corp 1.68% Bonds United States
9 United Kingdom Treasury Bill 1.60% Bonds United Kingdom
10 Emeria SASU 1.58% Bonds France

Important Information

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 B83RDY8
Mex Code -
Isin Code GB00B83RDY83
Citi Code G15N

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.72%

Aims and Benchmark

Aims The fund’s investment objective is to achieve a high level of income from a diversified portfolio of debt securities. The full spectrum of available securities, including unrated issues and those of non-investment grade, will be utilised. Investment will be in directly held transferable securities. The fund may also invest in collective investment schemes, warrants and money market instruments.
Benchmark Income and capital growth target of between 4.5% and 6.5% per year
Benchmark Category -
IA Sector £ High Yield

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 Monthly
Distribution Type Interest
Distribution Payment Basis Net

Distribution Dates

Ex dividend date(s) Income payment date(s)
28 December 25 January
28 January 25 February
28 February 25 March
28 March 25 April
28 April 25 May
28 May 25 June
28 June 25 July
28 July 25 August
28 August 25 September
28 September 25 October
28 October 25 November
28 November 25 December

Ratings

FE Crown Crown Rating of 3

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
Email 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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.