Prudential Schroder Income S2

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

Performance

Discrete performance - to last month end

28/02/19
to
29/02/20
29/02/20
to
28/02/21
28/02/21
to
28/02/22
28/02/22
to
28/02/23
28/02/23
to
29/02/24
Fund -13.2% 4.7% 21.4% 7.8% -3.1%
Sector -2.3% 0.5% 12.7% 7.1% -1.6%
Rank 123/132 34/134 11/136 70/137 114/138
Quartile 4 1 1 3 4

Annualised performance

Annualised
3 Years to
29/02/24
5 Years to
29/02/24
10 Years to
29/02/24
Fund 8.2% 2.9% 4.0%
Sector 5.9% 3.1% 3.6%
Rank 35/136 107/132 77/121
Quartile 2 4 3

Top 10 Holdings

Stock % Weight
HSBC HOLDINGS 3.56
BRITISH AMERICAN TOBACCO 3.12
BRITISH LAND CO 3.05
SHELL 2.97
AVIVA 2.91
SAINSBURY(J) 2.83
ENI S.P.A. 2.82
ROYAL BANK OF SCOTLAND GROUP 2.79
TESCO 2.76
INTERNATIONAL DISTRIBUTIONS SERVICES 2.74
Total 29.53

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the Schroder Income Fund - the underlying fund.

Underlying Fund Objective: The fund aims to provide income and capital growth in excess of the FTSE All Share (Gross Total Return) index (after fees have been deducted) over a three to five year period by investing in equity and equity related securities of UK companies.

Fund Manager

Nick Kirrage manager of the underlying fund for 13 years and 10 months

Photo of Nick Kirrage Specialist Value UK equity fund manager with 9 years investment experience. Previously a sector analyst responsible for a number of UK sectors including Transport and Metals & Mining. Investment career commenced in 2001 at Schroders. Chartered Financial Analyst. Degree in Aeronautical Engineering, Bristol University

Kevin Murphy manager of the underlying fund for 13 years and 10 months

Photo of Kevin Murphy Specialist Value UK equity fund manager with 10 years investment experience. Previously a sector analyst for Pan European Construction and Building Materials. Investment career commenced in 2000 in Schroders’ UK equity fund management team. Degree in Economics, Manchester University and CFA Charterholder.

Fund Overview

Bid (27/03/2024) 330.60
Offer (27/03/2024) 348.00
Fund size (29/02/2024) £12.44m
Underlying Fund size £1129.35m
Number of holdings 44
Launch date 20/10/2008

Fund Charges

Annual Management Charge (AMC) 1.55%
Further Costs 0.15%
Yearly Total 1.70%

Asset Allocation

pie chart
  UK Equities 77.96%
  International Equities 11.33%
  Property 5.70%
  Alternative Trading Strategies 3.08%
  International Bonds 1.94%
Portfolio data accurate as at: 31/01/24

Important Information

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

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 fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs 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 net 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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  UK Equities 77.96%
  International Equities 11.33%
  Property 5.70%
  Alternative Trading Strategies 3.08%
  International Bonds 1.94%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 26.49% - - -
 
Banks - 13.43% - -
 
Banks - - 13.43% -
 
Banks - - - 13.43%
 
Insurance - 7.27% - -
 
Life Insurance - - 5.48% -
 
Life Insurance - - - 5.48%
 
Non-life Insurance - - 1.80% -
 
Property & Casualty Insurance - - - 1.80%
 
Financial Services - 5.79% - -
 
Investment Banking & Brokerage Services - - 5.21% -
 
Asset Managers & Custodians - - - 3.58%
 
Investment Services - - - 1.63%
 
Finance & Credit Services - - 0.58% -
 
Consumer Lending - - - 0.58%
 
Consumer Discretionary 15.59% - - -
 
Media - 6.79% - -
 
Media - - 6.79% -
 
Publishing - - - 2.43%
 
Media Agencies - - - 2.26%
 
Radio & TV Broadcasters - - - 2.10%
 
Consumer Products & Services - 3.56% - -
 
Household Goods & Home Construction - - 3.56% -
 
Home Construction - - - 3.56%
 
Retail - 2.91% - -
 
Retailers - - 2.91% -
 
Home Improvement Retailers - - - 2.01%
 
Specialty Retailers - - - 0.90%
 
Automobiles & Parts - 2.34% - -
 
Automobiles & Parts - - 2.34% -
 
Auto Parts - - - 2.34%
 
Consumer Staples 13.87% - - -
 
Personal Care, Drug & Grocery Stores - 8.25% - -
 
Personal Care, Drug & Grocery Stores - - 8.25% -
 
Food Retailers & Wholesalers - - - 8.25%
 
Food, Beverage & Tobacco - 5.62% - -
 
Tobacco - - 5.62% -
 
Tobacco - - - 5.62%
 
Energy 8.47% - - -
 
Energy - 8.47% - -
 
Non-Renewable Energy - - 8.47% -
 
Integrated Oil & Gas - - - 8.47%
 
Health Care 7.76% - - -
 
Health Care - 7.76% - -
 
Pharmaceuticals & Biotechnology - - 7.76% -
 
Pharmaceuticals - - - 7.76%
 
Industrials 6.63% - - -
 
Industrial Goods & Services - 6.63% - -
 
Industrial Transportation - - 2.74% -
 
Delivery Services - - - 2.74%
 
Industrial Support Services - - 2.22% -
 
Industrial Suppliers - - - 2.22%
 
General Industrials - - 1.67% -
 
Containers & Packaging - - - 1.67%
 
Real Estate 5.70% - - -
 
Real Estate - 5.70% - -
 
Real Estate Investment Trusts - - 5.70% -
 
Diversified REITs - - - 5.70%
 
Basic Materials 5.68% - - -
 
Basic Resources - 4.63% - -
 
Industrial Metals & Mining - - 4.63% -
 
General Mining - - - 4.63%
 
Chemicals - 1.04% - -
 
Chemicals - - 1.04% -
 
Chemicals: Diversified - - - 1.04%
 
Telecommunications 3.86% - - -
 
Telecommunications - 3.86% - -
 
Telecommunications Service Providers - - 3.86% -
 
Telecommunications Services - - - 3.86%
 
Alternative Trading Strategies 3.08% - - -
 
Alternative Trading Strategies - 3.08% - -
 
Alternative Trading Strategies - - 3.08% -
 
Alternative Trading Strategies - - - 3.08%
 
Bonds 1.94% - - -
 
Technology 0.96% - - -
 
Technology - 0.96% - -
 
Technology Hardware & Equipment - - 0.96% -
 
Semiconductors - - - 0.96%

Regional Allocation

pie chart
  UK 77.96%
  Developed Europe - Excl UK 9.20%
  Property 5.70%
  North America 4.07%
  Non-Classified 3.08%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 98.06%
  Euro 1.94%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 77.96% -
 
United Kingdom - 77.96%
 
Developed Europe - Excl UK 9.20% -
 
France - 4.04%
 
Italy - 2.82%
 
Germany - 2.34%
 
Property 5.70% -
 
North America 4.07% -
 
United States - 4.07%
 
Non-Classified 3.08% -

Breakdown By Market Cap (%)

Mega
 
 
31.16%
Large
 
 
31.43%
Medium
 
 
21.59%
Small
 
 
1.48%
Non-Classified
 
 
12.40%
Bonds
 
 
1.94%

Top 10 Holdings

Stock % Weight Sector Country
1 HSBC HOLDINGS 3.56% Banks United Kingdom
2 BRITISH AMERICAN TOBACCO 3.12% Tobacco United Kingdom
3 BRITISH LAND CO 3.05% Real Estate Investment Trusts Direct Property and REITs
4 SHELL 2.97% Non-Renewable Energy United Kingdom
5 AVIVA 2.91% Life Insurance United Kingdom
6 SAINSBURY(J) 2.83% Personal Care, Drug & Grocery Stores United Kingdom
7 ENI S.P.A. 2.82% Non-Renewable Energy Italy
8 ROYAL BANK OF SCOTLAND GROUP 2.79% Banks United Kingdom
9 TESCO 2.76% Personal Care, Drug & Grocery Stores United Kingdom
10 INTERNATIONAL DISTRIBUTIONS SERVICES 2.74% Industrial Transportation United Kingdom

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 0.96% - - - - - - 0.96%
Telecommunications 3.86% - - 1.94% - - - - 5.79%
Financials 26.49% - - - - - - - 26.49%
Real Estate - - - - - 5.70% - - 5.70%
Consumer Discretionary 13.25% 2.34% - - - - - - 15.59%
Consumer Staples 13.87% - - - - - - - 13.87%
Energy 5.65% 2.82% - - - - - - 8.47%
Health Care 2.55% 5.21% - - - - - - 7.76%
Industrials 6.63% - - - - - - - 6.63%
Basic Materials 5.68% - - - - - - - 5.68%
Non-Classified - - - - - - 3.08% - 3.08%

Important Information

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

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 B3BW8B2
Mex Code PUSCHI
Isin Code GB00B3BW8B25
Citi Code D9F9

Fund Charges

Annual Management Charge (AMC) 1.55%
Further Costs 0.15%
Yearly Total 1.70%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the Schroder Income Fund - the underlying fund. Underlying Fund Objective: The fund aims to provide income and capital growth in excess of the FTSE All Share (Gross Total Return) index (after fees have been deducted) over a three to five year period by investing in equity and equity related securities of UK companies.
Benchmark FTSE All Share (Gross Total Return) Index
ABI Sector UK Equity Income

Ratings

FE Crown Crown Rating of 4

Important Information

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Charges and further costs 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 1.26
Beta 1.24
Sharpe 0.36
Standard Deviation 13.28
Info Ratio 0.49

Risk Factors

Risk Factor Yes / No
Charges to Capital Yes
Emerging Markets No
Concentrated Portfolio Yes
Smaller Companies No
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 No
Offshore No
Income Eroding Capital Growth No
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).

Concentrated Portfolio

The fund may invest in a relatively smaller number of stocks. This stock concentration may carry more risk than funds spread across a larger number of companies.

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.

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

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

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

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

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 fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs 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 net 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.