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Schroder MM Diversity Income Fund Z Inc

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider Schroders
Fund Summary The Schroder MM Diversity Income Fund seeks over the medium term to deliver a capital return that is in line with, or above, the consumer price index while also providing an average income distribution of 4 per cent. per annum. There is no guarantee that this objective will be met. The trust will invest across a broad range of asset classes which are intended to provide consistent rates of return with lower risk than more traditional approaches to portfolio management which tend to be largely dependent on the performance of equities. The investment policy of the trust is to invest mainly in collective investment schemes but, where it is considered appropriate, investment may also be made in closed ended funds, individual transferable securities and money market instruments.
SEDOL code B418R65
ISIN GB00B418R656
Fund code CXDVI
Managers Marcus Brookes, Robin McDonald
Manager Tenure 9 years
Morningstar Category GBP Moderate Allocation
IMA Sector Mixed Investment 20-60% Shares
Fund Size £91 million
Fund Type OEIC
Management Style Active
Total Expense Ratio (TER) 1.27%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £1.146
Buy Price £1.146
Price Change +0.0873%
Price Date 24th June 2019
Yield 3.48%
Dividend Frequency Quarterly
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 15th December 2010
Fund Status OPEN
Marcus Brookes is the Head of Multi-Manager at Schroders, which involves leading the Multi-Manger investment team that manages and advises upon Multi-Asset, Multi-Manager solutions, including the Diversity range of funds. The team also advises the wealth managers within Cazenove Capital with respect to fund selection and asset allocation. He joined Schroders in 2013 and is based in London. Marcus was the Head of Multi-Manager at Cazenove Capital from 2008 to 2013, which involved managing the investment process and team behind the Diversity range of funds and advising Cazenove Capital's wealth managers on fund selection and asset allocation. Cazenove Capital was acquired by Schroders in 2013. He was the Deputy Head of Multi-Manager at Gartmore Investment Management from 2003 to 2008, which involved developing a new investment strategy, creating a new product range and manage the assets that were raised. He was a Fund Manager, Multi-Manager at Rothschild Asset Management from 2001 to 2003, which involved managing the Five Arrows Wealth Management service, which was the largest of its nature in the UK at the time. The investment strategy comprised a fund of fund approach. He was an Fund Manager, Fund of Funds at Friends Provident Asset Management (now F&C) from 1994 to 2001, which involved fund research, asset allocation and portfolio construction for four fund of funds. Qualifications: MSc in Investment Analysis with Distinction from University of Stirling; BA in Economics (with honours) from University of Greenwich.

3-year Mean Monthly Return: 0.259%

Annual Returns 2018 2017 2016 2015 2014 2013 2012 2011
Fund Performance +3.80% -1.37% +9.04% -1.63% +4.91% +6.69% +13.25% +6.09%
Benchmark Performance
(GBP Moderate Allocation)
-1.89% +4.43% +9.92% +0.05% +7.80%
Time Period Cumulative Benchmark Performance
(GBP Moderate Allocation)
Fund Compared to Benchmark
1 day 0.09% -0.01% +0.10%
1 week 0.88% +1.11% -0.23%
1 month 1.75% +1.47% +0.27%
3 months -0.02% +2.82% -2.84%
6 months 2.15% +5.38% -3.24%
1 year 0.63% +1.12% -0.49%
3 years 11.99% +17.87% -5.87%
5 years 15.26% +25.41% -10.15%
10 years Currently unavailable +92.81% Currently unavailable
YTD 2.06% +7.33% -5.27%
Since inception 49.42% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
RWC Enhanced Income Fund B GBP Inc LUX 21.31%
Schroder SSF Stlg Liqdty Pl I Dis GBP LUX 18.99%
RWC Global Enhanced Dividend B GBP LTInc LUX 13.76%
Majedie Asset Management Tortoise G IRL 10.14%
Schroder Income Maximiser Z Inc GBR 8.62%
Schroder Strategic Credit L Inc GBR 7.56%
TM Sanditon European Sel GBP F Acc GBR 5.12%
Schroder ISF Global Gold C Acc USD LUX 3.39%
PIMCO Sel UK Income Bond Instl GBP Inc IRL 2.62%
MS INVF Global Multi-Asset Opps ZH GBP LUX 2.46%
Dividend Date Per share amount Reinvestment Price
3rd June 2019 0.0067 £1.1240
1st March 2019 0.0106 £1.1470
3rd December 2018 0.0084 £1.1580
3rd September 2018 0.0135 £1.1630
1st June 2018 0.0069 £1.1790
1st March 2018 0.0109 £1.1510