Morningstar Fund Report  | 03/04/2025Print

Schroder Income Fund A Accumulation GBP

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Schroder Income Fund A Accumulation GBP
Fund28.50.710.512.82.9
+/-Cat10.74.13.74.72.1
+/-B’mrk--2.82.9-2.2
 
Category: UK Equity Income
Category Benchmark: Morningstar UK All Cap TME ...
Key Stats
NAV
02/04/2025		 GBP 137.00
Day Change -1.01%
Morningstar Category™ UK Equity Income
IA (formerly IMA) Sector UK Equity Income
ISIN GB0007649196
Fund Size (Mil)
02/04/2025		 GBP 1171.56
Share Class Size (Mil)
02/04/2025		 GBP 134.76
Max Initial Charge -
Ongoing Charge
27/01/2025		  1.64%
Morningstar Research
Analyst Report28/06/2024
Daniel Haydon, Analyst
Morningstar, Inc

Value income investing in UK equities, backed by extensive and rigourous research from a strong investment team, are a bedrock of the Schroder Income strategy. It retains a Morningstar Analyst Rating of Silver for the L and Z share classes, with...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent24
Process24
Performance
Price
Investment Objective: Schroder Income Fund A Accumulation GBP
The Fund aims to provide income and capital growth in excess of the FTSE All Share (Gross Total Return) index (after fees have been deducted) over a three to five year period by investing in equity and equity related securities of UK companies. The Fund is actively managed and invests at least 80% of its assets in a concentrated range of equity and equity related securities of UK companies. These are companies that are incorporated, headquartered or have their principal business activities in the UK. The Fund typically holds 30 to 50 companies.
Returns
Trailing Returns (GBP)02/04/2025
YTD2.70
3 Years Annualised7.30
5 Years Annualised16.10
10 Years Annualised5.69
12 Month Yield 4.67
Management
Manager Name
Start Date
Andrew Evans
01/11/2022
Nick Kirrage
17/06/2024
Inception Date
31/05/1987

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE AllSh TR GBPMorningstar UK All Cap TME NR GBP
Portfolio Profile for  Schroder Income Fund A Accumulation GBP28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.480.0098.48
Bond0.000.000.00
Property0.000.000.00
Cash2.661.141.52
Other0.000.000.00
Top 5 Regions%
United Kingdom87.33
Eurozone8.13
United States4.55
Canada0.00
Latin America0.00
Top 5 Sectors%
Financial Services32.26
Consumer Defensive14.89
Communication Services10.66
Consumer Cyclical9.25
Basic Materials7.72
Top 5 HoldingsSector%
British American Tobacco PLCConsumer DefensiveConsumer Defensive3.76
Standard Chartered PLCFinancial ServicesFinancial Services3.69
Imperial Brands PLCConsumer DefensiveConsumer Defensive3.43
NatWest Group PLCFinancial ServicesFinancial Services3.35
Aviva PLCFinancial ServicesFinancial Services3.31
Increase Decrease New since last portfolio
Schroder Income Fund A Accumulation GBP
Growth Of 1000 (GBP) 31/03/2025
Fund:  Schroder Income Fund A Accumulation GBP
Category:  UK Equity Income
Category Index:  Morningstar UK All Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-1.717.45-16.3328.490.6610.4612.762.92
+/- Category8.85-11.50-3.7710.684.103.704.682.06
+/- Category Index-----2.842.94-2.23
% Rank in Category49684434131036
Trailing Returns (GBP)02/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.01   -1.73-0.77
1 Week-2.49   -1.29-1.66
1 Month-2.97   -1.10-1.24
3 Months2.93   1.51-1.63
6 Months4.82   4.94-0.17
YTD2.70   1.28-2.85
1 Year14.55   7.602.17
3 Years Annualised7.30   2.40-0.26
5 Years Annualised16.10   4.793.26
10 Years Annualised5.69   0.97-0.31
 
Category: UK Equity Income
Category Index: Morningstar UK All Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20252.92---
20240.764.955.441.14
20234.76-4.555.514.69
20224.89-6.99-8.7413.06
202112.562.804.026.75
2020-31.908.35-8.9624.55
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageHigh4 star
5-YearHighAbove Average5 star
10-YearAbove AverageAbove Average3 star
OverallAbove AverageAbove Average4 star
 
Category :  UK Equity IncomeClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev14.30 %
3-Yr Mean Return8.21 %
 
3-Yr Sharpe Ratio0.28
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK All Cap TME NR GBP  FTSE AllSh TR GBP
3-Yr Beta1.171.19
3-Yr Alpha-0.660.08
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 16692-
Market Capitalisation% of Equity
Giant19.22
Large41.97
Medium32.24
Small6.58
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings10.040.87
Price/Book1.200.74
Price/Sales0.570.73
Price/Cash Flow5.590.76
Dividend-Yield Factor5.181.17
 
Long-Term Projected Earnings Growth10.701.19
Historical Earnings Growth-14.192.95
Sales Growth4.720.93
Cash-Flow Growth-4.65-5.80
Book-Value Growth0.280.15
 
Category: UK Equity Income
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.480.0098.48
Bond0.000.000.00
Property0.000.000.00
Cash2.661.141.52
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States4.551.77
Canada0.000.00
Latin America0.000.00
United Kingdom87.330.95
Eurozone8.132.35
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: UK Equity Income
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials7.721.28
Consumer CyclicalConsumer Cyclical9.250.94
Financial ServicesFinancial Services32.261.29
Real EstateReal Estate4.581.31
Consumer DefensiveConsumer Defensive14.891.12
HealthcareHealthcare7.460.88
Communication ServicesCommunication Services10.661.74
EnergyEnergy7.591.04
IndustrialsIndustrials5.600.42
 
Category: UK Equity Income
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings44
Total Number of Bond Holdings0
Assets in Top 10 Holdings32.87
NameSectorCountry% of Assets
British American Tobacco PLC205United Kingdom3.76
Standard Chartered PLC103United Kingdom3.69
Imperial Brands PLC205United Kingdom3.43
NatWest Group PLC103United Kingdom3.35
Aviva PLC103United Kingdom3.31
St James's Place PLC103United Kingdom3.30
Barclays PLC103United Kingdom3.25
HSBC Holdings PLC103United Kingdom3.18
Shell PLC309United Kingdom2.88
Tesco PLC205United Kingdom2.71
 
Increase Decrease New since last portfolio
Category: UK Equity Income
 
Management
Name of CompanySchroder Unit Trusts Limited
Phone0800 182 2399
Website -
Address1 London Wall Place
 London   EC2Y 5AU
 United Kingdom
DomicileUnited Kingdom
Legal StructureUnit Trust
UCITSYes
Inception Date31/05/1987
Fund Advisor(s)
Schroder Investment Management Limited
Fund ManagerAndrew Evans
Manager Start Date01/11/2022
Career Start Year2004
Education
Exeter University, B.S.
 
Biography
Andrew is manager of the Sanlam Active UK Fund. Before joining Sanlam in August 2018, Andrew was a generalist Analyst at Denker Capital in South Africa, a boutique within Sanlam Group, where he was part of a team managing two global unit trusts. He started his analyst career at Collins Stewart in London in 2004 and has worked in the UK, Australia and South Africa. Andrew holds a BA in Value and Policy Studies from Stellenbosch University, a Graduate Diploma in Applied Finance and Investment (Securities Institute of Australia/FINSIA) and is a CFA Charterholder.
Fund ManagerNick Kirrage
Manager Start Date17/06/2024
Career Start Year2001
Education
Bristol University, M.S.
 
Biography
Nick Kirrage is co-head of Schroders Global Value team who manage income, recovery and sustainable strategies across four geographies: UK, European, global and emerging markets. Nick co-manages UK Income, UK Recovery, Global Income and Global Recovery portfolios. He has managed value portfolios at Schroders since 2006 and was a founding member of the Global Value team in 2013. He joined Schroders in 2001, initially working as part of the Pan European research team providing insight and analysis on a broad range of sectors from Transport and Aerospace to Mining and Chemicals. Qualifications: CFA Charterholder; Meng in Aeronautical Engineering from Bristol University.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.66%
Ongoing Charge1.64%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional500  GBP
Savings50  GBP
Tax Free Savings Schemes
ISAsYes