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 | -3.7% | 14.4% | -2.9% | -0.5% | 11.3% |
Sector | 1.9% | 9.0% | -4.8% | -3.5% | 5.5% |
Rank | 64/69 | 15/74 | 21/79 | 18/82 | 3/85 |
Quartile | 4 | 1 | 2 | 1 | 1 |
Annualised | ||||
---|---|---|---|---|
3 Years to 30/04/24 |
5 Years to 30/04/24 |
10 Years to 30/04/24 |
||
Fund | 2.4% | 3.4% | 3.3% | |
Sector | -1.0% | 1.5% | 2.4% | |
Rank | 4/79 | 9/69 | 10/52 | |
Quartile | 1 | 1 | 1 |
Stock | % Weight |
---|---|
Pinewood Finance Co Ltd | 1.55 |
Merlin Entertainments Ltd | 1.31 |
UGI International LLC | 1.23 |
TalkTalk Telecom Group Ltd | 1.17 |
Hiscox Ltd | 1.17 |
Gruenenthal GmbH | 1.14 |
Ford Motor Credit Co LLC | 1.13 |
BP Capital Markets PLC | 1.13 |
Nidda Healthcare Holding GmbH | 1.02 |
United Kingdom Treasury Bill | 0.98 |
Total | 11.82 |
The fund invests in bonds issued by companies in the UK and Europe, with the flexibility to exploit opportunities across the fixed income spectrum to build a diversified portfolio of bonds. This will include bonds that have been awarded lower ratings from credit agencies, or no ratings at all. The fund also has the flexibility to invest outside Europe, and in bonds issued by governments or government agencies. The fund has no set target in respect of any country or sector but seeks to focus on investments which offer the most attractive returns. Investments in bonds issued in a foreign currency will be hedged to reduce the effects of exchange rate fluctuations between that currency and the fund's base currency, pounds sterling. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The fund may use leverage and take indirect short positions.
Peter Harvey joined Cazenove Capital in 2005 and is Head of Credit and manager of the Cazenove Strategic Debt Fund and the Morningstar OBSR Bronze rated Cazenove Strategic Bond Fund. Peter joined from F&C Management Ltd where he had been Head of UK Credit. He is a Director of Cazenove Capital and has 22 years’ experience analysing and investing in corporate debt. Peter graduated with a 2.1 degree from the University of St Andrews.
Mid (03/05/2024) | 69.34p |
Distribution yield | 6.50% |
Underlying yield | - |
Fund size (31/03/2024) | £731.13m |
Number of holdings | 356 |
Entry Charge | 0.00% |
Ongoing Charges | 0.77% |
Launch date | 04/04/2006 |
International Bonds | 61.59% | |
UK Corporate Bonds | 34.35% | |
Alternative Trading Strategies | 0.03% | |
International Equities | 0.00% | |
Cash and Equivalents | -0.19% | |
Other Assets | 4.22% |
Not Applicable
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our 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. 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 report or make any warranties regarding results from its usage.
International Bonds | 61.59% | |
UK Corporate Bonds | 34.35% | |
Alternative Trading Strategies | 0.03% | |
International Equities | 0.00% | |
Cash and Equivalents | -0.19% | |
Other Assets | 4.22% |
Industry | Supersector | Sector | Subsector | ||
---|---|---|---|---|---|
Bonds | 95.94% | - | - | - | |
Non-Classified | 4.22% | - | - | - | |
Alternative Trading Strategies | 0.03% | - | - | - | |
Alternative Trading Strategies | - | 0.03% | - | - | |
Alternative Trading Strategies | - | - | 0.03% | - | |
Alternative Trading Strategies | - | - | - | 0.03% | |
Cash and Equivalents | -0.19% | - | - | - |
Developed Europe - Excl UK | 41.94% | |
UK | 34.35% | |
North America | 12.61% | |
Non-Classified | 8.78% | |
South & Central America | 0.93% | |
Emerging Europe | 0.74% | |
Middle East & Africa | 0.72% | |
Japan | 0.06% | |
Australia & New Zealand | 0.05% | |
Cash and Equivalents | -0.19% |
Pound Sterling | 43.97% | |
Euro | 31.80% | |
US Dollar | 20.01% | |
Non-Fixed Interest Assets | 4.25% | |
Swiss Franc | 0.16% | |
Cash | -0.19% |
Region | Country | ||
---|---|---|---|
Developed Europe - Excl UK | 41.94% | - | |
Germany | - | 11.89% | |
France | - | 6.23% | |
Italy | - | 5.54% | |
Luxembourg | - | 4.50% | |
Netherlands | - | 3.50% | |
Ireland | - | 1.95% | |
Spain | - | 1.85% | |
Austria | - | 1.50% | |
Switzerland | - | 1.50% | |
Sweden | - | 0.81% | |
Norway | - | 0.77% | |
Belgium | - | 0.77% | |
Finland | - | 0.68% | |
Denmark | - | 0.44% | |
UK | 34.35% | - | |
United Kingdom | - | 34.35% | |
North America | 12.61% | - | |
United States | - | 12.33% | |
Canada | - | 0.28% | |
Non-Classified | 8.78% | - | |
South & Central America | 0.93% | - | |
Mexico | - | 0.86% | |
Brazil | - | 0.08% | |
Emerging Europe | 0.74% | - | |
Poland | - | 0.63% | |
Greece | - | 0.11% | |
Middle East & Africa | 0.72% | - | |
Israel | - | 0.72% | |
Japan | 0.06% | - | |
Japan | - | 0.06% | |
Australia & New Zealand | 0.05% | - | |
Australia | - | 0.05% | |
Cash and Equivalents | -0.19% | - |
BB | 25.47% | |
B | 20.96% | |
BBB | 17.14% | |
AA | 11.11% | |
A | 10.51% | |
NR | 10.15% | |
Other | 16.47% |
Other | 38.11% | |
Banking - SENR | 19.07% | |
Healthcare | 9.42% | |
Telecommunications | 7.76% | |
Services | 6.94% | |
Basic Industry | 6.51% | |
Other Assets | 24.00% |
< 5Yr Maturity |
|
69.33% |
5Yr - 10Yr Maturity |
|
15.37% |
10Yr - 15Yr Maturity |
|
0.04% |
> 15Yr Maturity |
|
11.19% |
Cash And Equivalents |
|
-0.19% |
Unknown Maturity |
|
4.22% |
Other Asset Types |
|
0.03% |
AAA |
|
0.89% |
AA |
|
0.26% |
A |
|
5.39% |
BBB |
|
15.45% |
Sub-Investment Grade |
|
27.56% |
Unknown Quality |
|
46.39% |
Cash and Equivalents |
|
-0.19% |
Other Asset Types |
|
4.25% |
Stock | % Weight | Sector | Country | |
---|---|---|---|---|
1 | Pinewood Finance Co Ltd | 1.55% | Bonds | United Kingdom |
2 | Merlin Entertainments Ltd | 1.31% | Bonds | United Kingdom |
3 | UGI International LLC | 1.23% | Bonds | United States |
4 | TalkTalk Telecom Group Ltd | 1.17% | Bonds | United Kingdom |
5 | Hiscox Ltd | 1.17% | Bonds | Germany |
6 | Gruenenthal GmbH | 1.14% | Bonds | Germany |
7 | Ford Motor Credit Co LLC | 1.13% | Bonds | United States |
8 | BP Capital Markets PLC | 1.13% | Bonds | United Kingdom |
9 | Nidda Healthcare Holding GmbH | 1.02% | Bonds | Germany |
10 | United Kingdom Treasury Bill | 0.98% | Bonds | United Kingdom |
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. 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 report or make any warranties regarding results from its usage.
Sedol Code | BJZ2ZC0 |
Mex Code | - |
Isin Code | GB00BJZ2ZC09 |
Citi Code | K84E |
Entry Charge | 0.00% |
Ongoing Charges | 0.77% |
Aims | The fund invests in bonds issued by companies in the UK and Europe, with the flexibility to exploit opportunities across the fixed income spectrum to build a diversified portfolio of bonds. This will include bonds that have been awarded lower ratings from credit agencies, or no ratings at all. The fund also has the flexibility to invest outside Europe, and in bonds issued by governments or government agencies. The fund has no set target in respect of any country or sector but seeks to focus on investments which offer the most attractive returns. Investments in bonds issued in a foreign currency will be hedged to reduce the effects of exchange rate fluctuations between that currency and the fund's base currency, pounds sterling. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The fund may use leverage and take indirect short positions. |
Benchmark | ICE BofA Sterling 3 Month Government Bill Index |
Benchmark Category | - |
IA Sector | £ Strategic Bond |
Valuation frequency | Daily |
Valuation point | 12:00 |
Fund type | OEIC |
Launch price | £1.00 |
Fund currency | Pound Sterling |
Fund domicile | United Kingdom |
ISA allowable | Yes |
SIPP allowable | Yes |
Income frequency | Biannually |
Distribution Type | Interest |
Distribution Payment Basis | Net |
Ex dividend date(s) | Income payment date(s) |
---|---|
01 January | 28 February |
01 July | 31 August |
FE Crown |
Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
---|---|
- | - |
Fund Trustee/Depository | J.P. Morgan Trustee and Depositary Company Limited |
Fund Administrator | J.P. Morgan Trustee and Depositary Company Limited |
Fund Registrar | J.P. Morgan Trustee and Depositary Company Limited |
Fund Custodian | J.P. Morgan Trustee and Depositary Company Limited |
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 |
Minimum Investment | £1000000 |
Minimum Top Up | £10000 |
Minimum Regular Saving | - |
Settlement Period: Buy | 4 days |
Settlement Period: Sell | 4 days |
Pricing Basis | Forward |
Dealing Decimals | 2 |
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. 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 report or make any warranties regarding results from its usage.
Ratio | Value |
---|---|
Alpha | 3.84 |
Beta | 0.78 |
Sharpe | 0.00 |
Standard Deviation | 5.97 |
Info Ratio | 1.33 |
Risk Factor | Yes / No |
---|---|
Charges to Capital | Yes |
Emerging Markets | Yes |
Concentrated Portfolio | No |
Smaller Companies | No |
High Yield Bonds | Yes |
Sector Specific | No |
Geared Investments | Yes |
Value of Investments | Yes |
Investments Long Term | Yes |
Property | No |
Exchange Rate | No |
Higher Risk | No |
Performance Charges | No |
Derivative Exposure | No |
Offshore | No |
Income Eroding Capital Growth | Yes |
Umbrella Liabilities | Yes |
New Fund | No |
Solvency of Depository | No |
Solvency of Bond Issuers | Yes |
Ethical Restrictions | No |
Liquidity | No |
Returns Are Not Guaranteed | Yes |
Inflation | Yes |
Taxation and Tax Relief | Yes |
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).
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.
The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.
The fund focuses on geared investments. Funds which focus on geared investments such as warrants or options carry a higher degree of risk than other equity investments because of the risk of the underlying investments. It is possible that the fund may suffer sudden and large falls in value so that the short fall on cancellation, or the loss of the realisation on the investment at any time after the investor has bought the contract, could be very high and could even equal the amount invested, in which case you would get nothing back.
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 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.
The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.
If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation will reduce the real value of your investments in future.
Levels of taxation and tax relief are subject to change.
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. 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 report or make any warranties regarding results from its usage.
Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund Performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our 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. 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 report 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.