June 2017
All data expressed as at 31 May 2017
www.schroders.co.uk
Schroder Unit Trusts Limited
Global Equity Income Fund
A Accumulation Unit
Fund Launch Date
18 May 2007
On 05 April 2017 the investment objective and policy of the fund was changed to improve transparency and
consistency of language across Schroders' fund range. The way the fund is managed has not changed. Full details
are available from the Manager and at
http://www.schroders.com/en/uk/private-investor/fund-centre/changes-to-funds/
Total Fund Size (Million)
GBP 172.2
Investment Objective and Policy
The Fund aims to provide income and capital growth by investing in equity and equity related securities of
companies worldwide.
Unit Price End of Month (GBP)
96.25 GBX
The Fund invests at least 80% of its assets in equity and equity related securities of companies worldwide which
offer sustainable dividend payments. The Fund seeks to invest in a diversified portfolio of equity and equity related
securities whose dividend yield in aggregate is greater than the average market yield. Equities with below average
dividend yield may be included in the portfolio when the Investment Manager considers that they have the potential
to pay above average income in future. The Fund may also invest in collective investment schemes, warrants and
money market instruments, and hold cash. The Fund may use derivatives with the aim of reducing risk or
managing the Fund more efficiently (for more information please refer to section 6 of Appendix I of the
Prospectus).
Total number of holdings
47
Benchmark
MSCI World TR Net GBP
Fund Manager
Ian Kelly
Performance Analysis
Managed fund since
29 November 2013
Performance (%)
1
month
3
months
6
months
YTD
1 year
3 years
5 years
Fund
1.5
-0.4
5.1
0.9
33.0
47.2
100.8
92.6
Benchmark
2.3
1.0
9.2
5.5
31.3
53.6
114.0
132.7
10 years
Essential Statistics over 3 years
Annual Volatility (%)
Fund
Benchmark
14.1
13.0
Alpha (%)
0.0
---
Beta
0.9
---
Information Ratio
Discrete Yearly
Performance (%)
Q1/2016 Q1/2017
Q1/2015 Q1/2016
Q1/2014 Q1/2015
Q1/2013 Q1/2014
Q1/2012 Q1/2013
Fund
33.4
-5.9
21.0
6.6
15.1
Benchmark
31.9
-0.3
19.1
8.4
17.7
Performance over 5 years (%)
-0.2
---
Sharpe Ratio
0.9
1.1
120.0
Predicted Tracking Error (%)
4.6
---
100.0
The above ratios are based on bid to bid price
based performance data.
80.0
60.0
Financial Ratios
Fund
P/Book Value
Benchmark
40.0
20.0
1.3
2.4
P/E Ratio
17.2
21.6
Predicted P/E Ratio
13.9
17.7
ROE (%)
10.2
16.4
3.5
2.4
-6.3
9.1
Dividend Yield (%)
3 Year Earnings Growth (%)
These financial ratios refer to the average of the
equity holdings contained in the fund's portfolio and
in the benchmark (if mentioned) respectively.
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.
In January 2011 the MSCI World TR Net GBP replaced the reference benchmark MSCI All Countries World TR
Net GBP. The full track record of the previous index has been kept and chainlinked to the new one. Please note
that the fund is index-unconstrained and this is a reference 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.
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.
http://SUTL-Global-Equity-Income-Fund-A-Acc-FMR-UKEN
Schroder Unit Trusts Limited
Global Equity Income Fund
Top 10 Holdings
Holdings Analysis
Sector
% NAV
1. HSBC Holdings
Financials
4.2
2. Eni
Energy
4.1
3. American International Group
Financials
3.9
4. Cisco Systems
Information Technology
3.7
5. Tesco
Consumer Staples
3.7
6. Ageas
Financials
3.6
7. Pearson
Consumer Discretionary
3.3
8. NWS Holdings
Industrials
3.3
9. Centrica
Utilities
3.3
10. Staples
Consumer Discretionary
3.2
Total
Overweights
Overweights and underweights data are based on
fund's exposure to holdings grouped by name.
(%) Underweights
(%)
Eni
4.0 Alphabet
-1.6 <250 Million
American International Group
3.7 Microsoft
-1.4 >=0.5<1 Billion
HSBC Holdings
3.7 Amazon.com
-1.1 >=1<3 Billion
11.0
Tesco
3.7 Facebook
-1.0 >=3 Billion
82.6
Ageas
3.5 Johnson & Johnson
-1.0
Asset Allocation (%)
Sector
Fund
Consumer Discretionary
Benchmark
Information Technology
17.2
19.6
12.5
16.9
16.0
10.3
Energy
6.1
9.1
11.4
7.5
3.3
3.7
10.0
2.1
3.2
1.8
12.3
0.0
4.9
0.0
3.1
Industrials
Utilities
Consumer Staples
Real Estate
Health Care
Materials
Telecommunication services
Derivatives
Liquid Assets
- 0.6
0.0
1.1
0.0
3.0
3.3
Region
28.6
Financials
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
(%) Market Cap Split
36.3
40.7
Americas
62.4
20.6
17.8
Europe ex-UK/Middle East
16.9
United Kingdom
6.7
13.1
Emerging Markets
0.0
4.5
4.4
Pacific ex-Japan
3.7
8.6
Japan
0.0
0.0
Other
Derivatives
Liquid Assets
- 0.6
0.0
1.1
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]
Global Equity 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
B1N91F2
SGBQTIA:LN
GB00B1N91F21
GBP
Daily (12:00 GMT)
Income
B1N91C9
SGBQTII:LN
GB00B1N91C99
Ongoing Charges (latest
available)
1.69 %
Minimum Investment Amount
£1000 or monthly instalments of £50
Morningstar Ratings are sourced from Morningstar.
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.
SUTL-Global Equity Income Fund-May-2017