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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’s investment objective is to provide high income with some long-term capital growth through investment in equity and equity related securities of European companies. At least 80% of the Fund will be invested in a concentrated portfolio (typically between 30 and 50 holdings) of large or mid-sized companies listed, incorporated or headquartered in European countries or companies that derive a significant proportion of their revenues from their European business. Investment may also be made in other equity related transferable securities issued by these companies, such as preferred shares and convertible securities. The Fund may also invest in collective investment schemes, fixed interest securities, warrants, cash, deposits and money market instruments.

Key Information

Fund vs sector

  1y 3y
Position 45 / 99 -
Quartile 2 -

Fund ratings

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

Ratios

  1y 3y
Volatility 12.76 n/a
Alpha 0.61 n/a
Beta 1.13 n/a
Sharpe 0.04 n/a
Info Ratio 0.12 n/a
R2 0.75 n/a
Quartiles:   1  2  3  4   help with ratios
vs. Europe Excluding UK»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
ACC +2.3n/an/a+34.1n/an/an/a
  EUROPE EXCLUDING UK   +1.6+54.8+41.0+23.6+23.3-16.8+9.5
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf SCHRODER EUROPEAN ALPHA INCOME Z INC INC 149.40 (p) 19-Dec-2014 3.66 0.95% 11LX B7FHV23
pdf SCHRODER EUROPEAN ALPHA INCOME Z ACC ACC 162.30 (p) 19-Dec-2014 3.58 0.95% 11LY B6S00Y7
pdf SCHRODER EUROPEAN ALPHA INCOME Z HEDGED INC INC 165.00 (p) 19-Dec-2014 3.49 0.95% I7TD B9DLYT9
pdf SCHRODER EUROPEAN ALPHA INCOME L INC INC 52.59 (p) 19-Dec-2014 3.98 0.88% J6IQ B94WQJ5
pdf SCHRODER EUROPEAN ALPHA INCOME L ACC ACC 53.76 (p) 19-Dec-2014 3.91 0.88% J6IR B9GTQ50
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf SCHRODER EUROPEAN ALPHA INCOME C INC INC 148.40 (p) 19-Dec-2014 3.66 1.20% 11LT B6QR3M9
pdf SCHRODER EUROPEAN ALPHA INCOME C ACC ACC 160.00 (p) 19-Dec-2014 3.57 1.20% 11LU B75ZTX4
pdf SCHRODER EUROPEAN ALPHA INCOME A INC INC 146.40 (p) 19-Dec-2014 3.67 1.70% 11LV B7CM2R3
pdf SCHRODER EUROPEAN ALPHA INCOME A ACC ACC 159.20 (p) 19-Dec-2014 3.59 1.70% 11LW B79FC31
pdf SCHRODER EUROPEAN ALPHA INCOME C HEDGED INC INC 164.10 (p) 19-Dec-2014 3.47 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£297.0m / $463.8m (19-Dec-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 *None Europe Excluding UK
Largest holdings, 31-Oct-2014
Holding (%) Rank Fund factsheet Equity factsheet
Renault 5.01 1 - -
Pandora 4.79 2 - -
Abengoa 4.34 3 - -
Valeo 4.17 4 - -
Delta Lloyd 4.03 5 - -
Wienerberger 4.01 6 - -
Grupo Catalana Occidente 3.15 7 - -
Zurich Insurance Group 3.06 8 - -
ING Groep 3.01 9 - -
Eni 2.92 10 - -
Total38.49 
Regional weightings, 28-Nov-2014
Region(%)Rank 
France30.741 30.74% France
Switzerland15.082 15.08% Switzerland
Italy11.843 11.84% Italy
Netherlands9.954 9.95% Netherlands
Spain6.565 6.56% Spain
Austria6.256 6.25% Austria
Denmark5.977 5.97% Denmark
Belgium5.688 5.68% Belgium
Norway2.109 2.10% Norway
Finland2.0610 2.06% Finland
Germany1.4411 1.44% Germany
Cash1.2212 1.22% Cash
Sweden1.1713 1.17% Sweden
Derivatives-0.0614 -0.06% Derivatives
Total100.00 
Sector weightings, 28-Nov-2014
Sector(%)Rank 
Financials33.451 33.45% Financials
Industrials21.182 21.18% Industrials
Consumer Goods14.703 14.70% Consumer Goods
Health Care9.434 9.43% Health Care
Technology6.395 6.39% Technology
Oil & Gas4.346 4.34% Oil & Gas
Utilities3.527 3.52% Utilities
Telecommunications3.328 3.32% Telecommunications
Basic Materials1.279 1.27% Basic Materials
Consumer Services1.2410 1.24% Consumer Services
Cash1.2211 1.22% Cash
Derivatives-0.0612 -0.06% 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, 30.74%
30.7400% ofFrench Equities
Swiss Equities, 15.08%
15.0800% ofSwiss Equities
Italian Equities, 11.84%
11.8400% ofItalian Equities
Dutch Equities, 9.95%
9.9500% ofDutch Equities
Spanish Equities, 6.56%
6.5600% ofSpanish Equities
Austrian Equities, 6.25%
6.2500% ofAustrian Equities
Danish Equities, 5.97%
5.9700% ofDanish Equities
Belgian Equities, 5.68%
5.6800% ofBelgian Equities
Norwegian Equities, 2.10%
2.1000% ofNorwegian Equities
Finnish Equities, 2.06%
2.0600% ofFinnish Equities
German Equities, 1.44%
1.4400% ofGerman Equities
Money Market, 1.22%
1.2200% ofMoney Market
Swedish Equities, 1.17%
1.1700% ofSwedish Equities
Derivatives, -0.06%
-0.0600% ofDerivatives

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