Schroder MM Diversity Income Fund Z Inc

Buy/Sell Price  (as of 28/10/2016) £1.204   Day Change :  -0.33%     Fund Code:  CXDVI 

Important documents Before investing please ensure that you have read the Fidelity Key Features Document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found by clicking on the 'Important documents' link.

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Marcus Brookes is Head of Multi-Manager at Cazenove Capital. Marcus joined from Gartmore Investment Management. He graduated from the University of Sterling with an MSc. in Investment Analysis. Marcus is a Director of Cazenove Capital and has 19 years investment experience. Marcus began his investment career in 1994 when he joined Friends Ivory & Sime to work on global equity and bond desks as a Portfolio Management Assistant. Having gained knowledge of stock analysis and portfolio construction techniques in a variety of asset classes, he latterly transferred to work alongside Bambos in running funds of fund in 1999. He left the company (along with Bambos) when the pair were recruited to join Rothschild. Marcus role as co-manager for the Gartmore MultiManager range of funds means that he is involved in portfolio construction and also has sector responsibilities for selecting North American, Far East Ex-Japan and Global Emerging Market Equity Funds


Robin McDonald is a member of the Multi-Manager team. Robin joined from Gartmore Investment Management. He is a CFA Charterholder, a Director of Cazenove Capital and has 13 years investment experience. Robin McDonald joined Cazenove in October 2007. Prior to joining Cazenove, Robin worked as an Analyst at Gartmore Investment Management, where his responsibilities included asset allocation, fund selection and portfolio construction. Prior to joining Gartmore, Robin held a similar position at Insight Investment, following its acquisition of Rothschild Asset Management in 2003.
Investment HouseSchroders
Fund ProviderSchroder Unit Trusts Limited
ManagerMarcus Brookes   Biography
ManagerRobin McDonald   Biography

Fund Objective The Schroder MM Diversity Income Fund seeks over the medium term to deliver a capital return that is in line with, or above, the consumer price index while also providing an average income distribution of 4 per cent. per annum. There is no guarantee that this objective will be met. The trust will invest across a broad range of asset classes which are intended to provide consistent rates of return with lower risk than more traditional approaches to portfolio management which tend to be largely dependent on the performance of equities. The investment policy of the trust is to invest mainly in collective investment schemes but, where it is considered appropriate, investment may also be made in closed ended funds, individual transferable securities and money market instruments.

Key Statistics

Fund Status
12-Month NAV High £1.21
12-Month NAV Low £1.11
Fund Comparative IndexUK CPI
Morningstar CategoryTMGBP Moderate Allocation
Dividend FrequencyQuarterly
Historic Yield3.42%

Annual Charges

Morningstar ratings

 as of  30/09/2016
Overall4 star
3 Years3 star
5 Years4 star
10 YearsN/A

One or more funds cannot be shown as they have less than one year of performance data.

Growth of £1000 Help

 as of  28/10/2016

Past Performance (%) Help

as of 

This Fund


Fund versus Morningstar Category

Important Information

The value of the fund and the income from it can go down as well as up so you may get back less than you invested. If your fund invests in overseas markets, changes in currency exchange rates may affect the value of your investment. If your fund invests in small and emerging markets, these can be more volatile than other more developed markets. Past performance is not a guide to future returns.
For funds that invest in bonds, please be aware that the price of bonds is influenced by movements in interest rates, changes in the credit rating of bond issuers, and other factors such as inflation and market dynamics. In general, as interest rates rise the price of a bond will fall. The risk of default is based on the issuer's ability to make interest payments and to repay the loan at maturity. Default risk may therefore vary between different government issuers as well as between different corporate issuers.

 Some of the performance and risk data presented may start before the share class was launched. If so, the data prior to the launch date of the share class is based on the fund or share class that has similar or higher charges, in order to provide an indication of longer term performance and risk. Please refer to the launch date and performance start date in the fund factsheet to determine whether the data has been extended.Past Performance and Risk & Volatility figures are presented in British Pounds Sterling (GBP). Fund returns are calculated on a Nav to Nav or Bid to Bid basis with income reinvested either after tax (for UK-domiciled funds) or gross of tax (for offshore funds). Performance figures include the effect of the OCF/TER. To cover distribution costs a separate service fee is now also charged on most funds, which is not included in the past performance figures. Consequently the past performance of the fund may be less than that shown on the chart due to the effect of the service fee.

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