Schroder Strategic Credit Fund A Inc


Buy/Sell Price  (as of 24/11/2017) £0.9342   Day Change :  0.01%     Fund Code:  CZSBI 

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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Biography

Peter Joined Cazenove in 2005 from F&C where ran funds covering emerging market corporate bonds, high yield and distressed debt. He is Head of Credit and is manager of the Cazenove Strategic Bond Fund (onshore) and the Cazenove Strategic Debt Fund (offshore). Peter was ranked in the top decile of S&P UK Corporate Bond league table. He graduated from the University of St Andrews.Peter is a Director of Cazenove Capital and has 15 years of experience analysing and investing in corporate debt.
Investment HouseSchroder
Fund ProviderSchroder Unit Trusts Limited
ManagerPeter Harvey   Biography

Fund Objective The Fund aims to provide income and capital growth in excess of 3 Month Treasury Bills over rolling 3 to 5 year periods by investing in fixed and floating rate securities of UK and European companies but this cannot be guaranteed and your capital is at risk. The Fund invests at least 80% of its assets in fixed and floating rate securities denominated in sterling (or in other currencies and hedged back into sterling) issued by UK and European companies. The Fund may also invest in fixed and floating rate securities issued by companies worldwide and by governments, government agencies and supra-nationals. As the Fund is index-unconstrained it is managed without reference to an index. The Fund may invest more than 50% of its assets in below investment grade securities (as measured by Standard & Poor's or any other equivalent credit rating agencies) or in unrated securities. The Fund may also invest in collective investment schemes, equity and equity related securities and warrants, and hold cash. The Fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the Fund more efficiently. The Fund may use leverage and take short positions.

Key Statistics

Fund Status
Fund TypeOEIC
ISINGB00B11DNY92
12-Month NAV High £0.95
12-Month NAV Low £0.92
Fund Comparative Index -
Morningstar CategoryTMGlobal Flexible Bond - GBP Hedged
Dividend FrequencyTwice Yearly
Distribution Yield3.89%
Underlying Yield3.06%

Annual Charges

Morningstar ratings

 as of  31/10/2017
Overall3 star
3 Years4 star
5 Years3 star
10 Years3 star

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

Growth of £1000 Help

 as of  24/11/2017

Past Performance (%) Help

as of 

This Fund

     
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Fund versus Morningstar Category

     
-0.83-3.350.70-0.950.85
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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