Schroder Absolute Return Bond A Inc
Latest (Mid) Price:
GBX 40.19
Day Change:
+0.07%
| Shares Class | Inc. |
|---|---|
| Yield | 1.22 |
| Total Expense Ratio | 0.00 |
Fund Performance
Cumulative Performance
Discrete Performance
MoneyAM Fund Centre
Quick Stats
| Fund Size | 66,247,300.00 | Launch Date | 05/09/2003 | Standard Initial Charge (%) | 0.00 |
|---|---|---|---|---|---|
| Currency | GBX | ISA Eligible | Yes | Annual Management Charge (%) | 0.90 |
| Sector | IMA UK Equity Income | Min Investment (£) | 1,000.00 | Total Expense Ratio (%) | 0.00 |
| ISIN | GB0007905721 | Min Topup (£) | 500.00 | Ongoing Charge (%) | 1.0700 (on 31/10/2019) |
Fund Objective
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 bonds 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.
Fund Managers
Paul Grainger
Paul Grainger joined Schroders in 2015 as a Senior Portfolio Manager in the Fixed Income team, based in London. His earlier career began in 1995 within the BZW Securities graduate training programme where he rotated through Fixed Income sales and trading and into asset management at Barclays Global Investors. In 1999 he moved to Gartmore as a Senior Portfolio Manager and then moved to F&C Asset Management in 2003. In 2006 he moved to Wellington Management as a Portfolio Manager and latterly in 2014, co-founded a financial technology firm named yoyoDATA before moving to Schroders in 2015. Paul graduated from Exeter University in 1995 with a B.A. in Economics and European Studies and he is a Member of the United Kingdom Society of investment professionals and a CFA Charterholder.
Bob Jolly
Bob Jolly is a veteran portfolio manager and head of global macro strategy at Schroders having joined the company in 2011. Previously he worked as head of currency, UK fixed income and global sovereign portfolio management at UBS Global Asset Management. Prior to UBS, Bob spent over two decades at Gartmore Investment Management becoming head of UK, global and structured fixed income portfolio construction.
Global Multi-Sector Team
Schroders' global multi-sector team is led by Bob Jolly, head of global macro, and Gareth Isaac, a fixed income fund manager.
James Ringer
Robbie Boukhoufane
Asset Breakdown
| Name | Weight |
|---|---|
| Alternative Investment Strateg | 0.00% |
| Futures | 5.88% |
| Global Fixed Interest | 99.99% |
| Money Market | 0.00% |
| Options | 0.35% |
| Others | 6.70% |
Region Breakdown
| Name | Weight |
|---|---|
| Canada | 6.40% |
| Denmark | 1.00% |
| Germany | 2.70% |
| Global Emerging Markets | 0.90% |
| International | 1.80% |
| Ireland | 0.90% |
| Italy | 1.90% |
| Money Market | 8.60% |
| Others | 3.40% |
| Spain | 2.10% |
| UK | 31.50% |
| USA | 37.80% |
| United Arab Emirates | 1.00% |
Sector Breakdown
| Name | Weight |
|---|---|
| Asset/Mortgage-Backed Securiti | 0.99% |
| Derivatives | 3.85% |
| Financials | 23.39% |
| Fixed Interest | 5.11% |
| Government Agency Bonds | 1.03% |
| Government Bonds | 3.16% |
| Industrials | 16.80% |
| Local Government Bonds | 0.49% |
| Money Market | 4.45% |
| Mortgage & Secured Bonds | 0.42% |
| Others | 0.00% |
| Utilities | 0.80% |
Top 10 Holdings
| Name | Weight |
|---|---|
| YORKSHIRE BUILDING SOC FRN 21/ | 3.75% |
| MORGAN STANLEY BV EQUITY LKD N | 3.64% |
| SKIPTON BUILDING SOCIETY FRN 2 | 3.32% |
| SANTANDER UK PLC FLTG RT CVD B | 3.28% |
| ROYAL BANK OF CANADA FLTG RT C | 3.23% |
| TSB BANK PLC FRN 15/02/2024 RE | 3.19% |
| LLOYDS BANK PLC FRN 16/05/2024 | 3.16% |
| COVENTRY BLDG SOCIETY FRN 15/0 | 3.14% |
| VIRGIN MONEY PLC FRN 22/03/202 | 3.01% |
| LEEDS BUILDING SOCIETY FRN 15/ | 2.69% |
Please remember that past performance is not a guide of future returns. The value of investments and the income from them can go down as well as up as a result of currency exchange and market fluctuations and investors may not get back the amount originally invested.
Fund data supplied by
