Wealth Shortlist Update: Schroder Income

We've taken the decision to remove the Schroder Income fund from the Wealth Shortlist.

Schroders have announced that Nick Kirrage, co-manager of the Schroder Income fund and Head of the Global Value team, has left the company to pursue other opportunities.

Andrew Lyddon will replace Nick Kirrage as co-manager of Schroder Income, which he will run alongside existing co-manager Tom Grady.

Lyddon has been with Schroders for 19 years and previously been involved in the management of other UK and value funds.

Simon Adler, who joined Schroders 16 years ago, will become Head of the Global Value team.

Our View

After a long period of stability, the Value team at Schroders has seen a number of changes recently. Previous co-head of the Global Value team Kevin Murphy departed in June 2024, followed by the experienced previous co-manager of the Schroder Income fund, Andrew Evans, departing in June 2025.

We have a positive view of Nick Kirrage as an investor and are disappointed to see him leave. He has an excellent long-term track record of investing in the UK stock market. We also feel he’s been an integral part of the development of, and culture within, the broader global value equity team.

The fund uses a distinct value and contrarian investment approach which means it can look quite different to its benchmark at times. Our conviction in the fund was based on Kirrage’s skill set, capabilities and experience of consistently applying this approach.

Kirrage’s departure means we no longer have sufficient conviction in the fund’s future performance potential and we have therefore removed it from the Wealth Shortlist.

The fund was added to the Wealth Shortlist on 26 February 2024. Since then the fund has performed well for investors, delivering returns of 33.22% compared with 20.08% for the FTSE All Share*. Please note that this is a short timeframe to consider performance over. Past performance is not a guide to the future.

Although we're removing the fund from the Wealth Shortlist, this isn't a recommendation to make any changes to an investment portfolio. Investors should make sure any investments match their investment goals and attitude to risk and are held as part of a diversified portfolio. If you're not sure if an investment is suitable for your circumstances, please seek personal advice.

Past performance is not a guide to the future. Source: *Lipper IM, to 30/06/2025.

More on Schroder Income, including charges

Schroder Income Key Investor Information