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Schroder Strategic Credit Inclusive - Class A - Accumulation (GBP)

Sell:177.00p Buy:177.00p Change: 0.30p (0.17%)
Prices as at 2 December 2020
Sell:177.00p
Buy:177.00p
Change: 0.30p (0.17%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 2 December 2020
Sell:177.00p
Buy:177.00p
Change: 0.30p (0.17%)
Prices as at 2 December 2020
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Also available as income units Help

Charges and Savings

Initial charges
Initial charge: 0.00%
Initial saving from HL: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 1.17%
Ongoing saving from HL: 0.50% i
Net ongoing charge: 0.67%
There are other unit types of this fund available:
Inclusive - Class A - Income (GBP) (Net ongoing charge 0.67%)
Class L - Income (GBP) (Net ongoing charge 0.57%)
Class L - Accumulation (GBP) (Net ongoing charge 0.57%)

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.


Other Information

Unit type: Inclusive
Manager:
Peter Harvey
Fund launch date: 4 April 2006
Launch price: £1.00
Sector: GBP Strategic Bond
Fund size: £790 million
Number of holdings: 306
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: J.P. Morgan Trustee and Depositary Company Limited
Minimum investment: £100.00
Charges deducted from: Capital
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

02/12/15 to 02/12/16 02/12/16 to 02/12/17 02/12/17 to 02/12/18 02/12/18 to 02/12/19 02/12/19 to 02/12/20
Annual return 3.49% 5.00% -1.11% 6.19% 4.18%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Fund Objective

The fund invests in bonds issued by companies in the UK and Europe, with the flexibility to exploit opportunities across the fixed income spectrum to build a diversified portfolio of bonds. This will include bonds that have been awarded lower ratings from credit agencies, or no ratings at all. The fund also has the flexibility to invest outside Europe, and in bonds issued by governments or government agencies. The fund has no set target in respect of any country or sector but seeks to focus on investments which offer the most attractive returns. Investments in bonds issued in a foreign currency will be hedged to reduce the effects of exchange rate fluctuations between that currency and the fund's base currency, pounds sterling. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The fund may use leverage and take indirect short positions.

Income Details

Distribution yield : 4.53%
Underlying yield : 3.36%
Income paid: Bi-annually
Type of payment: Interest
Ex-dividend date: 1 January 2021 1 July 2021
Payment date: 28 February 20214 31 August 20214

This data is provided by Funds Library. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 31 October 2020.

Security Weight
NUMERICABLE-SFR SA 144A 7.375% 01 MAY 2026 1.75%
KONINKLIJKE KPN NV 144A 7% 28 MAR 2073 1.54%
PINEWOOD FINCO PLC REGS 3.25% 30 SEP 2025 1.47%
QUILTER PLC REGS 4.478% 28 FEB 2028 1.40%
NIDDA HEALTHCARE HOLDING SR REGS 3.5% 30 SEP 2024 1.39%
MERLIN ENTERTAINMENTS PL (144A) 5.75% 15 JUN 2026 1.39%
RL FINANCE BONDS REGS 6.125% 30 NOV 2043 1.26%
J SAINSBURY PLC CONV PERP REGS 2.875% 31 DEC 2049 1.21%
TALKTALK TELECOM GROUP (REGS) 3.875% 20 FEB 2025 1.13%
NH HOTEL GROUP SA REGS 3.75% 01 OCT 2023 1.11%
Sector Weight
Bonds 96.79%
Cash and Equiv. 2.28%
Non-Classified 0.76%
Alternative Trading Strategies 0.17%
Country Weight
United Kingdom 37.09%
Germany 9.62%
Netherlands 7.94%
France 7.12%
United States 6.60%
Luxembourg 5.89%
Italy 5.59%
Non-Classified 3.59%
Ireland 3.00%
Cash and Equiv. 2.28%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 2 December 2020. Data provided by Funds Library, correct as at 31 October 2020.

FundsLibrary
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.