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Contact details

ManagerGroupLogo
31 Gresham Street, London, EC2V 7QA
0800 718 788 (Dealing)
020 7658 6965 (Fax Number)
0800 718 777 (Main Number)

investorservices@schroders.com

Fund managers

* James Sym14-Jun-2013 to Present
 
view    
Chris Rice»02-May-2012 to 13-Jun-2013
James Sym»01-Oct-2012 to 13-Jun-2013


Investment objectives

The fund aims to provide high income with some long-term capital growth by investing predominantly in companies incorporated in a member state of the EEA or Switzerland or in companies which derive a predominant proportion of their revenues or profits from these countries or which are predominantly operating in them. Investments will be made primarily in a concentrated portfolio of equities (typically between 30 and 50 holdings) of large or mid-sized companies which pay high dividend yields and which the ACD considers offer prospects for long-term growth. Investment may also be made in other equity-related transferable securities issued by these companies, such as preferred shares and convertible securities. Whilst the fund will invest primarily in equities it may also invest in fixed interest securities, cash, deposits and money market instruments. The fund may utilise derivatives for efficient portfolio management purposes and for hedging.

Key Information

Fund vs sector

  1y 3y
Position 27 / 100 -
Quartile 2 -

Fund ratings

BLANKMstar OBSR
Analyst
(Qualitative)
FE Crown Rating: 0 FE Crown Rating
(Quantitative)
(Short History)

Ratios

  1y 3y
Volatility 14.37 n/a
Alpha 5.34 n/a
Beta 1.26 n/a
Sharpe 0.50 n/a
Info Ratio 1.05 n/a
R2 0.87 n/a
Quartiles:   1  2  3  4   help with ratios
vs. Europe Excluding UK»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
ACC -3.6n/an/a+48.2n/an/an/a
  EUROPE EXCLUDING UK   -5.0+32.5+37.6+34.6+3.6-4.6+8.9
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf SCHRODER EUROPEAN ALPHA INCOME Z INC INC 150.40 (p) 31-Oct-2014 3.63 0.95% 11LX B7FHV23
pdf SCHRODER EUROPEAN ALPHA INCOME Z ACC ACC 163.40 (p) 31-Oct-2014 3.49 0.95% 11LY B6S00Y7
pdf SCHRODER EUROPEAN ALPHA INCOME Z HEDGED INC INC 165.70 (p) 31-Oct-2014 3.39 0.95% I7TD B9DLYT9
pdf SCHRODER EUROPEAN ALPHA INCOME L INC INC 52.96 (p) 31-Oct-2014 3.97 0.88% J6IQ B94WQJ5
pdf SCHRODER EUROPEAN ALPHA INCOME L ACC ACC 54.14 (p) 31-Oct-2014 3.83 0.88% J6IR B9GTQ50
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf SCHRODER EUROPEAN ALPHA INCOME C INC INC 149.50 (p) 31-Oct-2014 3.63 1.20% 11LT B6QR3M9
pdf SCHRODER EUROPEAN ALPHA INCOME C ACC ACC 161.20 (p) 31-Oct-2014 3.50 1.20% 11LU B75ZTX4
pdf SCHRODER EUROPEAN ALPHA INCOME A INC INC 147.60 (p) 31-Oct-2014 3.65 1.70% 11LV B7CM2R3
pdf SCHRODER EUROPEAN ALPHA INCOME A ACC ACC 160.40 (p) 31-Oct-2014 3.52 1.70% 11LW B79FC31
pdf SCHRODER EUROPEAN ALPHA INCOME C HEDGED INC INC 164.90 (p) 31-Oct-2014 3.38 1.20% I7TC B8VX2T6

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£295.7m / $473.5m (31-Oct-14)
Savings plan Fund has Savings Plan  Launch02-May-2012
Pricing times12:00 Dealing frequencyn/a
Dealing timesn/a
Minimum initial£ 1,000
Minimum additional£ 500
Initial charge0.00%
Annual management charge1.50%
Note to chargesn/a
Trustee / DepositaryJP Morgan Trustee and Depositary Company Ltd
RegistrarJ.P. Morgan Trustee and Depositary Company Ltd
Multi-Managern/a
Indexn/a
Dividend policyJan 01 (Final), Apr 01, Jul 01, Oct 01
Peer groups
Region Asset Class Investment Focus Sector
Europe Ex UK Equity Mixed Europe Excluding UK
Largest holdings, 30-Sep-2014
Holding (%) Rank Fund factsheet Equity factsheet
Pandora 5.21 1 - -
Delta Lloyd 4.75 2 - -
Renault 4.58 3 - -
Abengoa 4.51 4 - -
Valeo 4.33 5 - -
AXA 3.97 6 - -
Wienerberger 3.91 7 - -
Eni 3.60 8 - -
ING Groep 3.35 9 - -
Airbus Group 3.02 10 - -
Total41.23 
Regional weightings, 30-Sep-2014
Region(%)Rank 
France32.521 32.52% France
Italy11.722 11.72% Italy
Spain10.943 10.94% Spain
Switzerland10.204 10.20% Switzerland
Netherlands9.325 9.32% Netherlands
Austria6.386 6.38% Austria
Denmark5.217 5.21% Denmark
Belgium4.228 4.22% Belgium
Norway3.239 3.23% Norway
Cash2.3310 2.33% Cash
Finland2.2211 2.22% Finland
Portugal1.2812 1.28% Portugal
Germany0.3913 0.39% Germany
Derivatives0.0414 0.04% Derivatives
Total100.00 
Sector weightings, 30-Sep-2014
Sector(%)Rank 
Financials31.391 31.39% Financials
Industrials23.642 23.64% Industrials
Consumer Goods14.113 14.11% Consumer Goods
Oil & Gas9.974 9.97% Oil & Gas
Technology5.565 5.56% Technology
Utilities3.776 3.77% Utilities
Health Care3.747 3.74% Health Care
Telecommunications3.078 3.07% Telecommunications
Cash2.339 2.33% Cash
Consumer Services1.2810 1.28% Consumer Services
Basic Materials1.1011 1.10% Basic Materials
Derivatives0.0412 0.04% Derivatives
Total100.00 

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

 
 
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Asset allocation

French Equities, 32.52%
32.5200% ofFrench Equities
Italian Equities, 11.72%
11.7200% ofItalian Equities
Spanish Equities, 10.94%
10.9400% ofSpanish Equities
Swiss Equities, 10.20%
10.2000% ofSwiss Equities
Dutch Equities, 9.32%
9.3200% ofDutch Equities
Austrian Equities, 6.38%
6.3800% ofAustrian Equities
Danish Equities, 5.21%
5.2100% ofDanish Equities
Belgian Equities, 4.22%
4.2200% ofBelgian Equities
Norwegian Equities, 3.23%
3.2300% ofNorwegian Equities
Money Market, 2.33%
2.3300% ofMoney Market
Finnish Equities, 2.22%
2.2200% ofFinnish Equities
Portuguese Equities, 1.28%
1.2800% ofPortuguese Equities
German Equities, 0.39%
0.3900% ofGerman Equities
Structured Products, 0.04%
0.0400% ofStructured Products

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