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Schroder Absolute Return Bond Fund Z Income

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider Schroder Unit Trusts Limited
Fund Summary The Fund aims to provide an absolute return of 3 month LIBOR (or an equivalent reference rate) plus 1% (after fees have been deducted) over rolling 12-month periods by investing directly or indirectly in fixed and floating rate securities issued by governments, government agencies and companies worldwide. Absolute returns means the Fund seeks a positive return over rolling 12-month periods in all market conditions, but this cannot be guaranteed and your capital is at risk.
SEDOL code B5W01T8
ISIN GB00B5W01T86
Fund code SCBIZ
Managers Bob Jolly, Paul Grainger
Manager Tenure 8 years
Morningstar Category GBP Flexible Bond
IMA Sector Targeted Absolute Return
Fund Size £81 million
Fund Type OEIC
Management Style Active
Ongoing Charge Figure (OCF) 0.74%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £0.4892
Buy Price £0.4892
Price Change +0.0205%
Price Date 11th December 2019
Yield 2.42%
Dividend Frequency Semi-Annually
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 28th November 2012
Fund Status OPEN
Bob Jolly is the Head of Global Macro Strategy at Schroders, which involves managing the Global Macro business. He joined Schroders in 2011 and is based in London. Bob was Head of Currency, UK Fixed Income and Global Sovereign at UBS Asset Management from 2007 to 2011, which involved managing the Currency, UK Fixed Income and Global Sovereign parts of the business. He was a Fund Manager at SEI Investments from 2005 to 2007, which involved developing customised solutions for institutional pension fund clients. He was Head of Fixed Income Portfolio Construction at Gartmore Investment Management from 2000 to 2005, which involved managing and developing customised solutions for fixed income clients. Qualifications: CFA Charterholder.

3-year Mean Monthly Return: 0.125%

Annual Returns 2018 2017 2016 2015 2014 2013 2012 2011
Fund Performance +2.21% -0.54% +2.98% +1.71% -5.81% +6.74% +3.88% +5.42%
Benchmark Performance
(GBP Flexible Bond)
+7.37% -0.06% +2.31% +9.75% +1.50%
Time Period Cumulative Benchmark Performance
(GBP Flexible Bond)
Fund Compared to Benchmark
1 day 0.02% +7.98% -7.95%
1 week 0.14% +0.37% -0.23%
1 month 0.35% +0.43% -0.08%
3 months 0.82% +2.95% -2.13%
6 months 1.59% +8.10% -6.50%
1 year 4.22% +3.73% +0.48%
3 years 1.54% +3.94% -2.40%
5 years 0.87% +4.67% -3.80%
10 years Currently unavailable Currently unavailable Currently unavailable
YTD 4.85% +0.06% +4.79%
Since inception 1.36% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
Morgan Stanley 0.31% USA 3.39%
France (Republic Of) 1.5% FRA 2.91%
TSB Bank plc 0% GBR 2.90%
Lloyds Bank plc 0% GBR 2.87%
Yorkshire Building Society 0% GBR 2.87%
Nationwide Building Society 0% GBR 2.29%
HSBC Holdings plc 2.72% GBR 2.11%
Santander UK PLC 0% GBR 2.06%
JPMorgan Chase & Co. 3.15% USA 1.92%
Stadshypotek Ab (Publ) 0.99% SWE 1.91%
Dividend Date Per share amount Reinvestment Price
1st July 2019 0.0033 £0.4847
2nd January 2019 0.0047 £0.4696
2nd July 2018 0.0036 £0.4834
2nd January 2018 0.0013 £0.4892
3rd July 2017 0.0042 £0.4911
3rd January 2017 0.0041 £0.4884