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Schroder UK Opportunities Class Z - Income (GBP)

Sell:402.70p Buy:402.70p Change: 2.00p (0.50%)
Prices as at 17 September 2021
Change: 2.00p (0.50%)
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 17 September 2021
Change: 2.00p (0.50%)
Prices as at 17 September 2021
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.

Our view on this Fund

This fund does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. 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 »

Our view on the sector

The UK stock market is home to lots of world-class companies. From international giants to a diverse array of smaller businesses. This provides a rich hunting ground for fund managers in this sector. They all try to grow investors' money over the long term, but each goes about it in a different way. Some focus on larger companies in the FTSE 100 index, others invest in medium-sized or smaller companies, and some have the flexibility to invest in any company, regardless of size. Some aim to match or deliver a return similar to the broader UK stock market. Others have the freedom to try and make as much money as possible for investors and take more risks. That could mean investing in only a small number of companies, for instance. A fund that invests in UK shares is normally the first port of call for UK-based investors. But with such a variety on offer, investors should make sure a fund is right for their circumstances before investing.

Performance Analysis

Matt Hudson has applied the business-cycle approach to the Schroder UK Alpha Income Fund (previously Cazenove UK Equity Income) since launch in May 2005. The fund has performed well under his tenure, out-performing the FTSE All Share index. The majority of this out-performance has been generated since the middle of 2011, with returns more modest in the early years of his tenure. Our analysis suggests that, overall; the manager has added value through stock selection and shrewd sector positioning.

Investment Philosophy

Take a pragmatic approach to the business cycle - look to understand exactly where we are and where we are going. More generally, maximise returns while sheltering investors' capital.

Process and Portfolio Construction

Matt Hudson looks for unloved stocks with the potential to change, attempting to exploit pricing anomalies especially during times of high volatility. The manager runs a relatively concentrated fund typically ranging from 35 to 65 stocks, which allows each holding to have a significant impact on performance but it is a higher risk strategy. There are no sector or stock constraints although the manager is likely to only ever have a small allocation to higher risk smaller and AIM-listed companies (AIM is the junior market of the London Stock Exchange). A stock from this area of the market has to be either extremely undervalued or a very strong growth story.

Ideas can come from anywhere with the weightings tilted to reflect the team's business cycle view. For example during a recovery phase the manager would look to hold more economically-sensitive stocks such as industrials and consumer cyclicals; and fewer defensive companies, such as those in the healthcare sector. In a recession he would look to do the opposite. If Matt Hudson does not like a company he will not own it as this dilutes the opportunity to profit from ideas he feels strongly about. The aim is to outperform the FTSE All Share by +3% each year over the medium term.

question mark Manager Track Record Based on HL Quantitative Research

This information is currently unavailable.

Fund Track Record

17/09/16 to 17/09/17 17/09/17 to 17/09/18 17/09/18 to 17/09/19 17/09/19 to 17/09/20 17/09/20 to 17/09/21
Annual return 12.70% 3.00% -0.76% -21.99% 31.42%

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.

Fund Management Group Comment

Schroders is a member of the FTSE 100 Index and it focuses almost entirely on asset management for institutional, retail and private clients. Schroder funds incorporate all asset classes, including equities, fixed income and alternative investments. Schroder's fund managers draw on the detailed stock analysis from the group's analysts worldwide. The company has developed under stable ownership for over 200 years and long-term thinking governs its approach to investing, building client relationships and growing their business. In 2013 Schroders merged with Cazenove Capital Management to create one of the UK's largest private banking and wealth management houses.

Information about the fund

Fund manager biography

manager photo
Manager Name: Alex Breese
Manager start date: 1 December 2019
Manager located in: London

Joined Schroder in July 2013 to take over management of the Schroder UK Equity Fund and Schroder ISF UK Equity. Joined Neptune in May 2005 as an Investment Analyst and became Fund Manager of the Neptune UK Special Situations Fund, and Assistant Fund Manager on the Neptune Income Fund and the Neptune Quarterly Income Fund. Headed Neptune's six-strong UK team Prior to joining Neptune, Alex gained nearly three years' experience as an engineering consultant. First class honours in Mechanical Engineering, CFA charterholder.

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. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account