June 2017
All data expressed as at 31 May 2017
www.schroders.co.uk
Schroder Unit Trusts Limited
Income Fund
Z Accumulation Unit
Investment Objective and Policy
Fund Launch Date
31 May 1987
The fund aims to provide income.
Total Fund Size (Million)
GBP 1,990.3
At least 80% of the fund will be invested in shares of UK companies. The fund aims to provide an income in excess
of 110% of the FTSE All Share index yield.The fund invests in 'value' stocks – those whose share prices appear
low relative to their long-term profit potential, and which are typically paying an attractive and growing dividend.The
fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to reduce
risk or manage the fund more effectively.
Unit Price End of Month (GBP)
93.31 GBX
Performance Analysis
Total number of holdings
36
Benchmark
FTSE All Share Total Return
Sector Average
InvAssoc UK All Companies
Managed fund since
18 May 2010
3 years
5 years
10 years
Fund
3.4
Benchmark
4.4
2.6
9.1
4.4
23.1
25.6
108.1
108.6
5.3
13.6
8.2
24.5
25.4
77.6
Sector Average
3.6
71.4
6.7
14.1
9.9
21.7
26.6
84.9
70.4
Q1/2016 Q1/2017
Q1/2015 Q1/2016
Q1/2014 Q1/2015
Q1/2013 Q1/2014
Q1/2012 Q1/2013
Fund
22.9
-7.6
12.4
16.2
26.4
Benchmark
22.0
-3.9
6.6
8.8
16.8
80.0
Benchmark
15.7
14.5
Alpha (%)
0.7
---
Beta
1.0
---
Information Ratio
0.0
---
Sharpe Ratio
0.5
0.5
Predicted Tracking Error (%)
3.5
---
The above ratios are based on bid to bid price
based performance data.
Financial Ratios
Fund
Benchmark
1.3
1.7
P/E Ratio
22.3
20.6
Predicted P/E Ratio
13.7
16.1
ROE (%)
12.0
17.5
3.7
3.4
-8.9
2.7
These financial ratios refer to the average of the
equity holdings contained in the fund's portfolio and
in the benchmark (if mentioned) respectively.
http://SUTL-Income-Fund-Z-Acc-FMR-UKEN
1 year
100.0
Fund
3 Year Earnings Growth (%)
YTD
Performance over 5 years (%)
Essential Statistics over 3 years
Dividend Yield (%)
6
months
120.0
Historic Yield
3.40 %
P/Book Value
3
months
Discrete Yearly
Performance (%)
Fund Manager
Kevin Murphy & Nick Kirrage
Annual Volatility (%)
1
month
Performance (%)
60.0
40.0
20.0
0.0
May 2012
Feb 2013
Nov 2013
Jul 2014
Mar 2015
Dec 2015
Sep 2016
Fund
Benchmark
Past performance is not a reliable indicator of future results, prices of shares and the income from them
may fall as well as rise and investors may not get back the amount originally invested.
The fund is managed with reference to a benchmark and its performance may be measured accordingly, but the
manager invests on a discretionary basis and is not limited to investing in accordance with the composition of the
benchmark.
Some performance differences between the fund and the benchmark may arise because the fund performance is
calculated at a different valuation point from the benchmark.
Source: Schroders, bid to bid price with net income reinvested, net of the ongoing charges and portfolio costs and,
where applicable, performance fees.
In case a share class is created after the fund's launch date, a simulated past performance is used, based upon
the performance of an existing share class within the fund.
For an explanation of the financial terms included in this factsheet visit www.schroders.com/ukinvestor/glossary
Printed copies are available by contacting the company address overleaf.
Schroder Unit Trusts Limited
Holdings Analysis
Income Fund
Top 10 Holdings
Sector
% NAV
1. HSBC Holdings
Financials
5.9
2. GlaxoSmithKline
Health Care
5.5
3. BP
Oil & Gas
5.4
4. Pearson
Consumer Services
5.2
5. Aviva
Financials
4.9
6. Royal Dutch Shell
Oil & Gas
4.2
7. Royal Bank of Scotland
Financials
4.2
8. Barclays
Financials
3.9
9. Centrica
Utilities
3.8
10. AstraZeneca
Health Care
3.8
Total
Overweights
Overweights and underweights data are based on
fund's exposure to holdings grouped by name.
(%) Underweights
(%) Market Cap Split
4.9 British American Tobacco
-4.3 <250 Million
2.6
Aviva
4.0 Royal Dutch Shell
-3.0 >=250<500 Million
0.4
Royal Bank of Scotland
3.8 Diageo
-2.5 >=0.5<1 Billion
0.9
Centrica
3.4 Unilever
-2.2 >=1<3 Billion
Intel
3.3 Reckitt Benckiser Group
-2.1 >=3 Billion
Asset Allocation (%)
Sector
30.9
Financials
Benchmark
Liquid Assets contain cash,
deposits and money market
instruments with maturities of up to
397 days, which are respectively
not part of the core investment
objective and policy. The
commitment linked to the equity
index futures contracts, if present,
is deducted from cash. Source:
Schroders
(%)
Pearson
Unclassified
Fund
46.8
25.7
20.4
Consumer Services
11.7
11.8
9.5
9.6
11.5
8.0
Health Care
Oil & Gas
Technology
Basic Materials
Utilities
Telecommunications
Industrials
Consumer Goods
Derivatives
Liquid Assets
0.9
6.5
6.5
6.2
3.4
3.1
3.9
1.5
11.1
0.0
15.8
0.0
0.0
2.0
0.0
7.1
89.1
0.0
Schroder Unit Trusts Limited
Risk Considerations
Information
Schroder Unit Trusts Limited
31 Gresham Street
London
EC2V 7QA
Investor Services
Telephone: 0800 718 777
E-mail: [email protected]
Income Fund
Currency risk: The fund can be exposed to different currencies. Changes in foreign exchange rates could create
losses.
Equity risk: Equity prices fluctuate daily, based on many factors including general, economic, industry or company
news.
Liquidity risk: In difficult market conditions, the fund may not be able to sell a security for full value or at all. This
could affect performance and could cause the fund to defer or suspend redemptions of its shares.
Operational risk: Failures at service providers could lead to disruptions of fund operations or losses.
SEDOL
Bloomberg
ISIN
Fund Base Currency
Dealing Frequency
Accumulation
B3PM119
SCHINZA:LN
GB00B3PM1190
GBP
Daily (12:00 GMT)
Ongoing Charges (latest
available)
0.91 %
Minimum Investment Amount
£1,000,000
Income
B5WJCB4
SCHINZI:LN
GB00B5WJCB41
When buying back units, the manager may sell them to other investors and retain the difference between the bid and offer price.
Morningstar Ratings are sourced from Morningstar.
© 2017 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed;
and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of
this information. Past performance is no guarantee of future results. For more detailed information about Morningstar's Analyst Rating, including its methodology, please go
to: http://corporate.morningstar.com/us/documents/MethodologyDocuments/AnalystRatingforFundsMethodology.pdf . For disclosure and detailed information about this fund
please refer to full Morningstar Global Fund Report that can be accessed here
http://essentials.morningstar.com/file/downloadEuAnalystRatingReport?IsUKCOUNTRY=false&univ=FO&isFullReport=true&msgType=514,639&MstarId=F0GBR04RWU&co
untryId=GBR&languageId=EN Please note that information is currently only available in English.
Citywire Ratings are sourced from Citywire.
Third party data is owned or licensed by the data provider and may not be reproduced or extracted and used for any other purpose without the data provider's consent. Third
party data is provided without any warranties of any kind. The data provider and issuer of the document shall have no liability in connection with the third party data. The
Prospectus and/or www.schroders.com contain additional disclaimers which apply to the third party data.
The fund is an authorised unit trust.
A Key Investor Information Document and Supplementary Information Document are available. These can be requested via our website at www.schroders.co.uk or call one
of our Investor Services Team on 0800 718 777 for a printed version. For investors' security, telephone calls to Schroder Unit Trusts Limited may be recorded. Nothing in this
factsheet should be construed as advice and is therefore not a recommendation to buy or sell units. The data contained in this document has been sourced by Schroders and
should be independently verified before further publication or use. Issued by Schroder Unit Trusts Limited, 31 Gresham Street, London EC2V 7QA. Registered No.4191730
England. Authorised and regulated by the Financial Conduct Authority. Schroders has expressed its own views and these may change.
FTSE International Limited ("FTSE") © FTSE. "FTSE®" is a trade mark of London Stock Exchange Plc and The Financial Times Limited and is used by FTSE International
Limited under licence. All rights in the FTSE indices and / or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors
or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE's express written consent.
SUTL-Income Fund-May-2017