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Schroder Absolute Return Bond Fund Z Income

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider Schroder
Fund Summary The Fund aims to provide an absolute return of 3 month LIBOR plus 2% (gross of fees) over rolling 12-month periods by gaining exposure to fixed and floating rate securities issued by governments, government agencies and companies worldwide. Absolute return means the Fund seeks to provide a positive return over rolling 12-month periods, in all market conditions but this cannot be guaranteed and your capital is at risk. The Fund invests at least 80% of its assets directly, or indirectly through derivatives, in fixed and floating rate securities denominated in sterling (or in other currencies and hedged back into sterling) issued by governments, government agencies, supra-national and corporate issuers worldwide. As the Fund is index-unconstrained it is managed without reference to an index. The Fund may invest up to 50% of its assets in below investment grade securities as measured by Standard & Poors or an equivalent credit rating agency, or in unrated securities. The Fund may invest up to 100% of its assets in asset-backed securities and mortgage-backed securities. The Fund may also invest in collective investment schemes, warrants and money market instruments, and hold cash. The Fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the Fund more efficiently. The Fund may use leverage and take short positions.
SEDOL code B5W01T8
ISIN GB00B5W01T86
Fund code SCBIZ
Managers Paul Grainger, Bob Jolly
Manager Tenure 4 years
Morningstar Category GBP Flexible Bond
IMA Sector Targeted Absolute Return
Fund Size £79 million
Fund Type OEIC
Management Style Active
Total Expense Ratio (TER) 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 £0.4814
Buy Price £0.4814
Price Change +0.229%
Price Date 23rd May 2019
Yield 1.75%
Dividend Frequency Semi-Annually
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 11th May 2011
Fund Status OPEN
Paul Grainger is Head of Global Multi-Sector Fixed Income at Schroders, which involves managing managing global fixed income portfolios. The team-based investment process draws on the full resources of the Fixed Income team in addition to the broader resources of Schroders. He joined Schroders in 2015 and is based in London. Paul graduated from Exeter University in 1995 with a BA in Economics and European Studies.

3-year Mean Monthly Return: 0.144%

Annual Returns 2018 2017 2016 2015 2014 2013 2012
Fund Performance -1.16% +1.75% +4.81% -3.76% +1.09% +1.61% +6.22%
Benchmark Performance
(GBP Flexible Bond)
-1.18% +5.27% +10.13% -0.25% +4.35%
Time Period Cumulative Benchmark Performance
(GBP Flexible Bond)
Fund Compared to Benchmark
1 day 0.23% +0.06% +0.17%
1 week -0.06% +0.09% -0.15%
1 month -0.23% +0.31% -0.54%
3 months 0.46% +1.97% -1.51%
6 months 1.16% +3.78% -2.62%
1 year 0.29% +2.67% -2.38%
3 years 4.42% +11.64% -7.22%
5 years 2.54% +20.73% -18.19%
10 years Currently unavailable +91.86% Currently unavailable
YTD 2.48% +3.78% -1.30%
Since inception 9.73% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
Swap/03/20/2023/P:USD/LIBOR/3M /R:USD 2.38000_Receive 27.30%
Us 5yr Note (Cbt) Bond 28/Jun/2019 Fvm9 Comdty 6.21%
Aust 10y Bond Fut Bond 17/Jun/2019 Xmm9 Comdty 6.10%
Swap/07/30/2023/P:USD 2.30000 /R:USD/USCPI/1M_Receive 6.10%
Swap/03/20/2031/P:USD 2.70200 /R:USD/LIBOR/3M_Receive 5.93%
Swap/02/25/2029/P:USD 2.10300 /R:USD/USCPI/1M_Receive 5.26%
Swap/05/24/2023/P:USD 2.34625 /R:USD/USCPI/1M_Receive 4.20%
US 10 Year Ultra Future June19 4.08%
Aust 10y Bond Fut Bond 17/Jun/2019 Xmm9 Comdty 3.16%
Euro BUXL 30Y Bond June19 2.96%
Dividend Date Per share amount Reinvestment Price
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
1st July 2016 0.0039 £0.4770