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Aberdeen American Growth  
Fidelity American  
Schroder UK Mid 250  
M&G Recovery  
Jupiter Merlin UK Growth  
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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


Investment objectives

The fund’s investment objective is to provide income with potential for capital growth primarily through investment in equity and equity related securities of UK companies. The fund will also use derivative instruments to generate additional income. The Manager may selectively sell short dated call options over securities or portfolios of securities held by the fund or indices, in order to generate additional income by setting target 'strike' prices at which those securities may be sold in the future. The Manager may also, for the purpose of efficient management, use derivative instruments which replicate the performance of a basket of short dated call options or a combination of equity securities and short dated call options. Investment will be in directly held transferable securities. The fund may also invest in collective investment schemes, derivatives, cash, deposits, warrants and money market instruments.

Key Information

Fund vs sector

  1y 3y
Position 58 / 99 49 / 90
Quartile 3 3

Fund ratings

NeutralMstar OBSR
Analyst
(Qualitative)
n/aS&P Rating
(Qualitative)
FE Crown Rating: 4 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 10.80 12.73
Alpha -0.39 -0.63
Beta 0.93 1.06
Sharpe 0.80 0.58
Info Ratio -0.38 -0.04
R2 0.90 0.87
Quartiles:   1  2  3  4   help with ratios
vs. UK Equity Income»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
ACC +11.5+32.2+90.3+24.6-4.8+2.1+41.0
  UK EQUITY INCOME   +13.8+34.3+102.4+17.9+0.0+8.1+39.3
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf SCHRODER INCOME MAXIMISER Z ACC ACC 65.86 (p) 66.32 (p) 17-Apr-2014 7.02 0.91% NND1 B5B0KM5
pdf SCHRODER INCOME MAXIMISER Z INC INC 54.35 (p) 54.72 (p) 17-Apr-2014 7.02 0.91% NND2 B53FRD8
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf SCHRODER INCOME MAXIMISER L ACC ACC 51.34 (p) 51.69 (p) 17-Apr-2014 7.02 0.84% JOVN BDD2DZ9
pdf SCHRODER INCOME MAXIMISER L INC INC 50.03 (p) 50.37 (p) 17-Apr-2014 7.02 0.84% JOVO BDD2F08
pdf SCHRODER INCOME MAXIMISER S INC INC 48.83 (p) 49.17 (p) 17-Apr-2014 7.02 n/a K3SQ BGCC317
pdf SCHRODER INCOME MAXIMISER A ACC ACC 86.88 (p) 87.48 (p) 17-Apr-2014 7.02 1.66% RZ83 B0HWHK7
pdf SCHRODER INCOME MAXIMISER A INC INC 47.12 (p) 47.45 (p) 17-Apr-2014 7.02 1.66% RZ93 B0HWJ90

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 Unit Trust
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£1,102.4m / $1,853.3m (17-Apr-14)
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly Launch04-Nov-2005
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesMon-Fri 09:00 to 17:00
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
RegistrarInternational Financial Data Services Limited
Multi-Managern/a
Indexn/a
Dividend policyMar 01, Jun 01, Sep 01 (Final), Dec 01
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Equity Mixed UK Equity Income

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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Dnomyars Mar 20th, 2014 at 12:08 PM

The stated objective of the Fund is to 'provide income with potential for capital growth' and I agree that to combine the two and set out the result as a single percentage is not helpful. As we know, income is fact, valuation surplus is simply notional without disposing of the investment and why would you want to do that if the asset was suitable in other respects?

Reply
David orriss Jan 28th, 2013 at 05:06 PM

Performance much improved this year. I'm glad they listened to me :-). My services are cheaply available !

Reply
David orriss Jan 09th, 2012 at 03:38 AM

I hold VOD, GSK and RDSA in my pension pot - 13% up in 14 months to end of 2011. How can these professionals with sophisticated software justify the lack of performance and high fees. Not good enough.

Reply
Roxammon Apr 12th, 2010 at 11:16 PM

I cannot see where the Yield is shown? Can anyone help?

Reply
Gary Crosby Feb 16th, 2011 at 09:18 PM

Pull up the Schroders UT prices & performance table; this includes a yield column.

Reply
Philip Perry Apr 06th, 2010 at 08:20 AM

It would be useful to give the graph of the share/unit price both excluding and including the re-invested income to give a better indication of the underlying capital values. Although the overall return is important it is equally important to know exactly wher the returns are coming from.

Reply
Theo Mar 28th, 2011 at 08:20 PM

The approach of this fund seems interesting, put no IFA is singing its praises And I note last year, its total return was only 2.8%, ie. less than than its div. yield. You have to try harder Mr Schroder.

Reply
 

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Asset allocation

UK Equities, 80.63%
80.6300% ofUK Equities
US Equities, 12.98%
12.9800% ofUS Equities
Cash, 3.55%
3.5500% ofCash
German Equities, 2.02%
2.0200% ofGerman Equities
Belgian Equities, 1.60%
1.6000% ofBelgian Equities
Derivatives, -0.78%
-0.7800% ofDerivatives

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