Fund Aims
The fund’s investment objective is to provide income with potential for capital growth primarily through investment in equity and equity related securities of UK companies. The fund will also use derivative instruments to generate additional income. The Manager may selectively sell short dated call options over securities or portfolios of securities held by the fund or indices, in order to generate additional income by setting target 'strike' prices at which those securities may be sold in the future. The Manager may also, for the purpose of efficient management, use derivative instruments which replicate the performance of a basket of short dated call options or a combination of equity securities and short dated call options. Investment will be in directly held transferable securities. The fund may also invest in collective investment schemes, derivatives, cash, deposits, warrants and money market instruments.
Fund Manager
Value Team manager for:
9 years 9 months
Fund Overview
Price
Bid
183.10p
Offer
183.10p
(02/04/2026)
Annual Management Charge
1.50%
Top 10 Holdings
|
| Stock Name |
% Weight |
| GSK |
3.3%
|
| SHELL |
3.1%
|
| J SAINSBURY |
3.1%
|
| RIO TINTO |
3.0%
|
| PENNON GROUP |
3.0%
|
| BRITISH AMERICAN TOBACCO P.L.C. |
2.9%
|
| IMPERIAL BRANDS |
2.9%
|
| ANGLO AMERICAN |
2.9%
|
| AVIVA |
2.7%
|
| BP P.L.C. |
2.7%
|
|
Total
|
29.6%
|
Equity Sector Allocation
| Banks |
10.8%
|
| Food, Beverage & Tobacco |
10.0%
|
| Personal Care, Drug & Grocery Stores |
8.3%
|
| Insurance |
7.4%
|
| Health Care |
6.8%
|
| Industrial Goods & Services |
6.4%
|
| Basic Resources |
5.9%
|
| Energy |
5.8%
|
| Consumer Products & Services |
5.6%
|
| Telecommunications |
4.8%
|
| Other |
23.6%
|
| Cash and Equivalents |
3.7%
|
Data accurate at: 28/02/2026
Performance figures show total return with no initial charge and net income reinvested, except for Offshore funds which show gross income reinvested.
Cumulative performance figures are calculated from the previous working day.
Discrete performance figures are calculated from the previous month end.
Data accurate at: 28/02/2026
Asset Allocation
|
|
UK Equities
|
87.7%
|
|
|
International Equities
|
5.4%
|
|
|
Property
|
4.8%
|
|
|
Cash & Equivalents
|
3.7%
|
|
|
Hedge Funds
|
-1.5%
|
Equity Sector Allocation
ICB Industries
ICB Supersectors
ICB Sectors
ICB Subsectors
ICB Industries
| Financials |
|
22.7% |
| Consumer Staples |
|
18.3% |
| Consumer Discretionary |
|
17.5% |
| Basic Materials |
|
7.9% |
| Health Care |
|
6.8% |
| Industrials |
|
6.4% |
| Energy |
|
5.8% |
| Telecommunications |
|
4.8% |
| Real Estate |
|
4.8% |
| Cash and Equivalents |
|
3.7% |
| Utilities |
|
3.0% |
| Alternative Trading Strategies |
|
-1.5% |
ICB Supersectors
| Banks |
|
10.8% |
| Food, Beverage & Tobacco |
|
10.0% |
| Personal Care, Drug & Grocery Stores |
|
8.3% |
| Insurance |
|
7.4% |
| Health Care |
|
6.8% |
| Industrial Goods & Services |
|
6.4% |
| Basic Resources |
|
5.9% |
| Energy |
|
5.8% |
| Consumer Products & Services |
|
5.6% |
| Telecommunications |
|
4.8% |
| Real Estate |
|
4.8% |
| Financial Services |
|
4.5% |
| Cash and Equivalents |
|
3.7% |
| Retail |
|
3.4% |
| Media |
|
3.4% |
| Travel & Leisure |
|
3.1% |
| Utilities |
|
3.0% |
| Chemicals |
|
2.1% |
| Automobiles & Parts |
|
2.0% |
| Alternative Trading Strategies |
|
-1.5% |
ICB Sectors
| Banks |
|
10.8% |
| Personal Care, Drug & Grocery Stores |
|
8.3% |
| Life Insurance |
|
7.4% |
| Pharmaceuticals & Biotechnology |
|
6.8% |
| Tobacco |
|
5.9% |
| Industrial Metals & Mining |
|
5.9% |
| Non-Renewable Energy |
|
5.8% |
| Telecommunications Service Providers |
|
4.8% |
| Real Estate Investment Trusts |
|
4.8% |
| Investment Banking & Brokerage Services |
|
4.5% |
| Industrial Support Services |
|
3.9% |
| Household Goods & Home Construction |
|
3.9% |
| Cash and Equivalents |
|
3.7% |
| Retailers |
|
3.4% |
| Media |
|
3.4% |
| Travel & Leisure |
|
3.1% |
| Gas, Water & Multi-utilities |
|
3.0% |
| Food Producers |
|
2.4% |
| General Industrials |
|
2.4% |
| Chemicals |
|
2.1% |
| Automobiles & Parts |
|
2.0% |
| Personal Goods |
|
1.7% |
| Beverages |
|
1.7% |
| Alternative Trading Strategies |
|
-1.5% |
ICB Subsectors
| Banks |
|
10.8% |
| Life Insurance |
|
7.4% |
| Pharmaceuticals |
|
6.8% |
| Tobacco |
|
5.9% |
| General Mining |
|
5.9% |
| Integrated Oil & Gas |
|
5.8% |
| Food Retailers & Wholesalers |
|
5.7% |
| Telecommunications Services |
|
4.8% |
| Diversified REITs |
|
4.8% |
| Asset Managers & Custodians |
|
4.5% |
| Home Construction |
|
3.9% |
| Cash and Equivalents |
|
3.7% |
| Airlines |
|
3.1% |
| Water |
|
3.0% |
| Nondurable Household Products |
|
2.6% |
| Food Products |
|
2.4% |
| Containers & Packaging |
|
2.4% |
| Radio & TV Broadcasters |
|
2.4% |
| Home Improvement Retailers |
|
2.2% |
| Industrial Suppliers |
|
2.1% |
| Chemicals: Diversified |
|
2.1% |
| Auto Parts |
|
2.0% |
| Business Training & Employment Agencies |
|
1.8% |
| Clothing & Accessories |
|
1.7% |
| Distillers & Vintners |
|
1.7% |
| Apparel Retailers |
|
1.2% |
| Media Agencies |
|
1.1% |
| Alternative Trading Strategies |
|
-1.5% |
Interactive Sector Breakdown
Drill down to specific information by clicking the folders.
Breakdown By Market Cap (%)
Top 10 Holdings
|
|---|
| Stock name | % Weight | Country | Sector |
| 1 | GSK | 3.3 %
| United Kingdom | Health Care |
| 2 | SHELL | 3.1 %
| United Kingdom | Energy |
| 3 | J SAINSBURY | 3.1 %
| United Kingdom | Consumer Staples |
| 4 | RIO TINTO | 3.0 %
| United Kingdom | Basic Materials |
| 5 | PENNON GROUP | 3.0 %
| United Kingdom | Utilities |
| 6 | BRITISH AMERICAN TOBACCO P.L.C. | 2.9 %
| United Kingdom | Consumer Staples |
| 7 | IMPERIAL BRANDS | 2.9 %
| United Kingdom | Consumer Staples |
| 8 | ANGLO AMERICAN | 2.9 %
| United Kingdom | Basic Materials |
| 9 | AVIVA | 2.7 %
| United Kingdom | Financials |
| 10 | BP P.L.C. | 2.7 %
| United Kingdom | Energy |
|
FL Dual Aspect Analysis
|
|---|
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Managed Funds | Property | Other | Cash & Equiv | Total |
| Telecommunications | 4.8%
| | | | | | | | | 4.8%
|
| Financials | 22.7%
| | | | | | | | | 22.7%
|
| Real Estate | | | | | | | 4.8%
| | | 4.8%
|
| Consumer Discretionary | 15.6%
| 2.0%
| | | | | | | | 17.5%
|
| Consumer Staples | 18.3%
| | | | | | | | | 18.3%
|
| Energy | 5.8%
| | | | | | | | | 5.8%
|
| Utilities | 3.0%
| | | | | | | | | 3.0%
|
| Health Care | 3.3%
| 3.4%
| | | | | | | | 6.8%
|
| Industrials | 6.4%
| | | | | | | | | 6.4%
|
| Basic Materials | 7.9%
| | | | | | | | | 7.9%
|
| Cash and Equivalents | | | | | | | | | 3.7%
| 3.7%
|
| Non-Classified | | | | | | | | -1.5%
| | -1.5%
|
| Total | 87.7%
| 5.4%
| | | | | 4.8%
| -1.5%
| 3.7%
| 100.0%
|
Distribution Details
Income Frequency
Quarterly
Distribution Type
Dividend
Distribution Payment Basis
Net
Charges
Discounted initial charge
0.000%
Net discounted AMC
0.750%
Annual Management Charge
1.50%
Distribution Dates
| Ex dividend date(s) |
Income payment date(s) |
| 01st December |
31st January |
| 01st June |
31st July |
| 01st September |
31st October |
| 01st March |
30th April |
Ratings
Aims & Benchmark
Benchmark
Income target of 7% per year
IA sector
UK Equity Income
Aims
The fund’s investment objective is to provide income with potential for capital growth primarily through investment in equity and equity related securities of UK companies. The fund will also use derivative instruments to generate additional income. The Manager may selectively sell short dated call options over securities or portfolios of securities held by the fund or indices, in order to generate additional income by setting target 'strike' prices at which those securities may be sold in the future. The Manager may also, for the purpose of efficient management, use derivative instruments which replicate the performance of a basket of short dated call options or a combination of equity securities and short dated call options. Investment will be in directly held transferable securities. The fund may also invest in collective investment schemes, derivatives, cash, deposits, warrants and money market instruments.
Fund Administration
Fund Trustee/Depository
J.P. Morgan Trustee and Depositary Company Limited
Fund Custodian
J.P. Morgan Trustee and Depositary Company Limited
Fund Background
Valuation point
Daily 12:00
Fund currency
Pound Sterling
Fund domicile
United Kingdom
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
Dealing
Settlement period: buy
4 days
Settlement period: sell
4 days
Data accurate at: 28/02/2026
Concentration Coefficient*
40
*A measure of portfolio concentration, e.g. where the fund coefficient is 25, this means the portfolio concentration is equivalent to holding 25 equally weighted stocks.
Risk Factors
Concentrated Portfolio
Yes
Investments Long Term
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.
-
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.
|
Banks
United Kingdom
Direct Property and REITs
Cash and Equivalents
Germany
United States
France
Non-Classified