Morningstar Fund Report  | 07/04/2025Print

Schroder European Fund I Accumulation GBP

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Schroder European Fund I Accumulation GBP
Fund14.4-8.67.77.47.4
+/-Cat-1.00.2-5.86.42.1
+/-B’mrk-2.8-1.1-7.35.4-0.4
 
Category: Europe ex-UK Equity
Category Benchmark: Morningstar DM Eur xUK TME ...
Key Stats
NAV
07/04/2025		 GBP 28.77
Day Change -4.07%
Morningstar Category™ Europe ex-UK Equity
IA (formerly IMA) Sector Europe Excluding UK
ISIN GB0007648123
Fund Size (Mil)
04/04/2025		 GBP 543.78
Share Class Size (Mil)
04/04/2025		 GBP 15.05
Max Initial Charge -
Ongoing Charge
05/02/2025		  0.77%
Morningstar Research
Analyst Report19/12/2024
Michael Born, Analyst
Morningstar, Inc

Whilst we have conviction in Schroder European's lead manager Martin Skanberg and his ability to get the best out of the large analyst team, we have concerns over a creeping bias to mid-caps and value in the fund at a time when performance has...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent24
Process24
Performance
Price
Investment Objective: Schroder European Fund I Accumulation GBP
The Fund aims to provide capital growth in excess of the FTSE World Series Europe ex UK (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 European companies, excluding the UK. The Fund is actively managed and invests at least 80% of its assets in equity and equity related securities of large and mid sized European companies, excluding the UK. These are companies that, at the time of purchase, are considered to be in the top 90% by market capitalisation of the European equities market.
Returns
Trailing Returns (GBP)07/04/2025
YTD-1.88
3 Years Annualised3.97
5 Years Annualised8.87
10 Years Annualised6.35
12 Month Yield 1.42
Management
Manager Name
Start Date
Martin Skanberg
31/05/2006
Inception Date
30/04/1987

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE World Eur Ex UK TR GBPMorningstar DM Eur xUK TME NR EUR
Portfolio Profile for  Schroder European Fund I Accumulation GBP28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.290.0097.29
Bond0.000.000.00
Property0.000.000.00
Cash3.320.622.71
Other0.000.000.00
Top 5 Regions%
Eurozone66.98
Europe - ex Euro31.26
United Kingdom1.14
United States0.63
Canada0.00
Top 5 Sectors%
Industrials24.37
Financial Services18.84
Healthcare16.88
Technology13.40
Consumer Cyclical7.87
Top 5 HoldingsSector%
Roche Holding AGHealthcareHealthcare4.39
SAP SETechnologyTechnology3.46
Saab AB Class BIndustrialsIndustrials3.13
Koninklijke Philips NVHealthcareHealthcare2.77
AXA SAFinancial ServicesFinancial Services2.74
Increase Decrease New since last portfolio
Schroder European Fund I Accumulation GBP
Growth Of 1000 (GBP) 31/03/2025
Fund:  Schroder European Fund I Accumulation GBP
Category:  Europe ex-UK Equity
Category Index:  Morningstar DM Eur xUK TME NR EUR
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-14.9720.988.8114.41-8.557.707.447.37
+/- Category-3.211.72-0.57-1.000.19-5.836.432.13
+/- Category Index--0.90-2.81-1.08-7.295.42-0.37
% Rank in Category823040706090528
Trailing Returns (GBP)07/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-4.07   0.14-0.52
1 Week-8.61   -1.500.22
1 Month-13.60   -5.57-0.64
3 Months-3.20   -2.340.62
6 Months-2.67   1.133.40
YTD-1.88   -1.38-0.10
1 Year0.95   6.246.31
3 Years Annualised3.97   -0.35-1.40
5 Years Annualised8.87   -2.30-0.87
10 Years Annualised6.35   -0.320.05
 
Category: Europe ex-UK Equity
Category Index: Morningstar DM Eur xUK TME NR EUR
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20257.37---
20245.612.430.64-1.31
20236.20-2.64-1.916.19
2022-5.45-9.81-3.8511.53
20212.606.562.152.44
2020-19.1421.672.248.17
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAverage3 star
5-YearAverageAverage3 star
10-YearAverageAbove Average3 star
OverallAverageAbove Average3 star
 
Category :  Europe ex-UK EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev13.01 %
3-Yr Mean Return7.19 %
 
3-Yr Sharpe Ratio0.23
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar DM Eur xUK TME NR EUR  MSCI Europe ex UK Small Cap NR EUR
3-Yr Beta0.940.78
3-Yr Alpha-1.124.57
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 21288-
Market Capitalisation% of Equity
Giant22.06
Large44.85
Medium29.32
Small3.77
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings15.841.00
Price/Book2.200.96
Price/Sales1.630.99
Price/Cash Flow12.331.09
Dividend-Yield Factor3.461.06
 
Long-Term Projected Earnings Growth8.000.79
Historical Earnings Growth8.141.08
Sales Growth1.120.31
Cash-Flow Growth3.811.24
Book-Value Growth3.920.70
 
Category: Europe ex-UK Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock97.290.0097.29
Bond0.000.000.00
Property0.000.000.00
Cash3.320.622.71
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States0.630.36
Canada0.000.00
Latin America0.00-
United Kingdom1.140.73
Eurozone66.981.00
Europe - ex Euro31.261.07
Europe - Emerging0.000.00
Africa0.00-
Middle East0.00-
Japan0.00-
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.00-
 
Category: Europe ex-UK Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials5.170.78
Consumer CyclicalConsumer Cyclical7.870.77
Financial ServicesFinancial Services18.840.95
Real EstateReal Estate1.451.89
Consumer DefensiveConsumer Defensive7.141.10
HealthcareHealthcare16.881.18
UtilitiesUtilities0.820.34
Communication ServicesCommunication Services3.710.95
EnergyEnergy0.350.14
IndustrialsIndustrials24.371.16
TechnologyTechnology13.401.11
 
Category: Europe ex-UK Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings64
Total Number of Bond Holdings0
Assets in Top 10 Holdings29.15
NameSectorCountry% of Assets
Roche Holding AG206Switzerland4.39
SAP SE311Germany3.46
Saab AB Class B310Sweden3.13
Koninklijke Philips NV206Netherlands2.77
AXA SA103France2.74
Hensoldt AG Ordinary Shares310Germany2.69
Airbus SE310Netherlands2.65
DNB Bank ASA103Norway2.47
Kerry Group PLC Class A205Ireland2.46
Fresenius Medical Care AG206Germany2.39
 
Increase Decrease New since last portfolio
Category: Europe ex-UK Equity
 
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 Date30/04/1987
Fund Advisor(s)
Schroder Investment Management Limited
Fund ManagerMartin Skanberg
Manager Start Date31/05/2006
Career Start Year1994
Education
Stockholm School of Economics, M.S.
 
Biography
– Manager of Schroder ISF EURO Equity since 2010, Schroder European Fund since 2006 – Co-manager of Schroder European Alpha Plus Fund from April 2024 – Morningstar 2017 European Equity Manager of the Year – Joined Schroders in 2004 as an industrials analyst – Investment career commenced in 1994 when he joined SEB Asset Management as an investment analyst for Nordic industrials and basic materials. In 1999 he became their Head of European Research – Previously worked at American Express Asset Management as a senior investment analyst responsible for Industrials and Telecoms
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.77%
Ongoing Charge0.77%
Purchase Details
Minimum Investments
Initial1000000  GBP
Additional20000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes