June 2017
All data expressed as at 31 May 2017
www.schroders.co.uk
Schroder Unit Trusts Limited
Asian Income Fund
A Accumulation Unit
Fund Launch Date
19 February 1990
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 1,134.8
Investment Objective and Policy
The Fund aims to provide income and capital growth over the long term by investing in equity and equity related
securities of Asia Pacific companies excluding Japan but including Australia and New Zealand.
Unit Price End of Month (GBP)
443.30 GBX
Total number of holdings
70
The Fund invests at least 80% of its assets in equity and equity related securities of Asia Pacific companies,
excluding Japan but including Australia and New Zealand, which offer dividend payments. The Fund may also
invest in collective investment schemes, fixed income securities, 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).
Benchmark
MSCI AC Pacific ex Japan (NDR)
Performance Analysis
Sector Average
InvAssoc Asia Pacific ex Japan
Performance (%)
1
month
3
months
6
months
YTD
1 year
3 years
5 years
10 years
Fund
3.0
2.6
9.5
9.6
36.7
43.3
78.6
179.7
Fund Manager
Richard Sennitt
Benchmark
3.0
3.4
12.2
12.3
41.8
43.7
72.7
123.5
Sector Average
3.5
5.1
13.1
13.5
40.7
46.7
75.8
99.6
Managed fund since
01 November 2001
Discrete Yearly
Performance (%)
Historic Yield
3.46 %
Q1/2016 Q1/2017
Q1/2015 Q1/2016
Q1/2014 Q1/2015
Q1/2013 Q1/2014
Q1/2012 Q1/2013
Fund
33.0
-3.8
16.0
-6.4
24.2
Benchmark
35.8
-8.6
18.3
-6.8
17.1
Performance over 5 years (%)
Essential Statistics over 3 years
80.0
Fund
Benchmark
70.0
13.5
15.9
60.0
Alpha (%)
2.4
---
50.0
Beta
0.8
---
40.0
Information Ratio
0.0
---
30.0
Sharpe Ratio
0.9
0.8
20.0
Predicted Tracking Error (%)
4.6
---
10.0
Annual Volatility (%)
The above ratios are based on bid to bid price
based performance data.
0.0
May 2012
Financial Ratios
Fund
P/Book Value
Benchmark
1.6
1.8
P/E Ratio
16.4
16.7
Predicted P/E Ratio
16.5
15.3
ROE (%)
12.7
13.2
Dividend Yield (%)
3.6
2.6
3 Year Earnings Growth (%)
3.1
10.3
These financial ratios refer to the average of the
equity holdings contained in the fund's portfolio and
in the benchmark (if mentioned) respectively.
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.
Please note that the Schroder Asian Income Fund was reconstructed on 01/12/2006. The reconstruction was
significant and as a result performance reporting shown is from that date.
Source: Schroders, bid to bid price with net income reinvested, net of the ongoing charges and portfolio costs and,
where applicable, performance fees.
With effect from 14/12/2009 Schroder Far East Income Fund changed its name to Schroder Asian Income Fund
and changed its investment objective to exclude Japan. The benchmark also changed from the MSCI AC Pacific
(Japan at 10%) to the MSCI AC Pacific ex Japan. The full track record of the previous index has been kept and
chainlinked to the new one.
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-Asian-Income-Fund-A-Acc-FMR-UKEN
Schroder Unit Trusts Limited
Asian Income Fund
Top 10 Holdings
Holdings Analysis
Sector
% NAV
1. Taiwan Semiconductor Manufacturing
Information Technology
5.6
2. HSBC Holdings
Financials
3.6
3. Samsung Electronics
Information Technology
3.5
4. Hon Hai Precision Industry
Information Technology
2.9
5. China Petroleum & Chemical
Energy
2.7
6. LG Chem
Materials
2.4
7. Bank of China (Hong Kong)
Financials
2.4
8. China Mobile
Telecommunication services
2.3
9. HKT Trust and HKT
Telecommunication services
2.2
10. Sun Hung Kai Properties
Real Estate
2.1
Total
Overweights and underweights data are based on
fund's exposure to holdings grouped by name.
Overweights
(%) Underweights
HSBC Holdings
3.6 Tencent Holdings
-4.3 <250 Million
0.0
China Petroleum & Chemical
2.2 Alibaba Group Holding
-3.0 >=250<500 Million
0.0
LG Chem
2.1 Commonwealth Bank of
Australia
2.1
AIA Group
2.0
China Construction Bank
HKT Trust and HKT
Bank of China (Hong Kong)
Asset Allocation (%)
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
(%) Market Cap Split
-2.2
-1.9
Telecommunication services
Materials
Consumer Discretionary
Industrials
Energy
Consumer Staples
Utilities
Health Care
Derivatives
Liquid Assets
0.0
>=1<3 Billion
18.6
>=3 Billion
81.4
-1.5
Country
20.2
24.5
19.3
27.2
Financials
Real Estate
(%)
>=0.5<1 Billion
Sector
Information Technology
Fund
29.6
13.6
7.1
12.0
4.6
10.9
6.3
8.3
8.1
6.4
7.6
3.9
3.7
1.3
4.9
0.5
3.3
0.0
2.7
0.0
0.0
3.7
0.0
21.9
Hong Kong
10.6
17.2
Taiwan
12.4
16.9
20.5
Australia
12.1
China
Singapore
27.9
11.3
3.9
9.0
South Korea
Thailand
United Kingdom
New Zealand
Indonesia
Malaysia
Philippines
Derivatives
Liquid Assets
15.8
4.5
2.2
1.9
0.0
1.5
0.5
0.0
2.5
0.0
2.5
0.0
1.2
0.0
0.0
3.7
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]
Asian Income Fund
China country risk: Changes in China's political, legal, economic or tax policies could cause losses or higher costs
for the fund.
Currency risk: The fund can be exposed to different currencies. Changes in foreign exchange rates could create
losses.
Emerging markets & frontier risk: Emerging markets, and especially frontier markets, generally carry greater
political, legal, counterparty and operational risk.
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
0780960
SCHRFRA:LN
GB0007809600
GBP
Daily (12:00 GMT)
Income
0780959
SCHRFRI:LN
GB0007809592
Ongoing Charges (latest
available)
1.69 %
Minimum Investment Amount
£1000 or monthly instalments of £50
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=F0GBR04DLC&cou
ntryId=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.
SUTL-Asian Income Fund-May-2017