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Contact details

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

Fund managers

* Multi-Asset Team01-Feb-2001 to Present
Jane Turner»06-Sep-2004 to 31-Oct-2012
Andrew Yeadon»06-Sep-2004 to 31-Jan-2011

Investment objectives

To provide capital growth through investment in collective investment schemes as well as directly held transferable securities, derivatives, cash, deposits, warrants and money market instruments. In order to achieve the objective the manager will invest in a focused portfolio of investments. The Fund may also gain exposure to alternatives including commodities, hedge funds, private equity and property through investment in collective investment schemes and transferable securities.

Key Information

Fund vs sector

  1y 3y
Position 157 / 198 122 / 168
Quartile 4 3

Fund ratings

FE Crown Rating: 1 FE Crown Rating


  1y 3y
Volatility 4.44 7.75
Alpha -0.48 -1.03
Beta 0.76 0.94
Sharpe 0.00 0.57
Info Ratio -0.69 -0.74
R2 0.77 0.93
Quartiles:   1  2  3  4   help with ratios
vs. Flexible Investment»
performance chart
ACC -1.6+18.9+20.6+11.4+8.5-6.0+7.9
  FLEXIBLE INVESTMENT   +0.0+23.7+31.1+13.3+9.3-3.1+9.4
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf SCHRODER MM HIGH ALPHA Z ACC ACC 59.89 (p) 20-Oct-2014 n/a 1.35% 0HD9 B76V878
pdf SCHRODER MM HIGH ALPHA Z INC INC 59.26 (p) 20-Oct-2014 n/a 1.35% 0HDA B76V889
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf SCHRODER MM HIGH ALPHA ACC ACC 81.97 (p) 20-Oct-2014 n/a 2.10% UM82 B2QT9Y1
pdf SCHRODER MM HIGH ALPHA INC INC 81.67 (p) 20-Oct-2014 n/a 2.10% UM81 B2QTB01

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£13.2m / $21.3m (20-Oct-14)
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly Launch06-Sep-2004
Pricing times12:00 Daily Dealing frequencyDaily
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
RegistrarInternational Financial Data Services Limited
Multi-ManagerUnfettered Fund of Funds
Dividend policyMar 15 (Final)
Peer groups
Region Asset Class Investment Focus Sector
Global Mixed Asset *None Flexible Investment
Largest holdings, 30-Sep-2014
Holding (%) Rank Fund factsheet Equity factsheet
GLG Japan Core Alpha 10.20 1 * -
Majedie UK Focus Fund 8.20 2 * -
Invesco European Equity Fund 5.90 3 * -
Morgan Stanley Diversified Alpha Plus Fund 5.20 4 * -
Majedie Tortoise Fund 5.10 5 * -
GAM Global Diversified 4.90 6 * -
Sanditon European Fund 3.90 7 * -
Findlay Park American 3.40 8 * -
Odey OEI MAC Income 3.30 9 - -
Hermes Asia ex Japan 2.30 10 * -
Regional weightings, 29-Aug-2014
Cash37.601 37.60% Cash
Alternatives & Fixed Interest14.202 14.20% Alternatives & Fixed Interest
UK13.103 13.10% UK
Japan10.504 10.50% Japan
International8.405 8.40% International
Europe ex UK6.106 6.10% Europe ex UK
North America5.807 5.80% North America
Asia Pacific ex Japan4.308 4.30% Asia Pacific ex Japan

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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Dennis Connor Mar 13th, 2009 at 01:17 PM

An exellent factsheet, more detail than I have previously seen, keep up the good work.


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Asset allocation

Money Market, 38.06%
38.0600% ofMoney Market
Hedge, 13.56%
13.5600% ofHedge
UK Equities, 11.10%
11.1000% ofUK Equities
Japanese Equities, 10.26%
10.2600% ofJapanese Equities
Europe ex UK Equities, 9.81%
9.8100% ofEurope ex UK Equities
International Equities, 6.94%
6.9400% ofInternational Equities
Asia Pacific ex Japan Equities, 4.31%
4.3100% ofAsia Pacific ex Japan Equities
US Equities, 3.42%
3.4200% ofUS Equities
Fixed Interest, 1.30%
1.3000% ofFixed Interest
Commodity & Energy, 1.23%
1.2300% ofCommodity & Energy

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