Morningstar Fund Report  | 03/04/2025Print

Schroder UK Alpha Income Fund Z Income GBP

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Schroder UK Alpha Income Fund Z Income GBP
Fund14.71.65.97.03.6
+/-Cat-3.25.0-0.9-1.12.7
+/-B’mrk---1.8-2.9-1.6
 
Category: UK Equity Income
Category Benchmark: Morningstar UK All Cap TME ...
Key Stats
NAV
02/04/2025		 GBP 1.76
Day Change -0.96%
Morningstar Category™ UK Equity Income
IA (formerly IMA) Sector UK Equity Income
ISIN GB00B073JS25
Fund Size (Mil)
02/04/2025		 GBP 57.38
Share Class Size (Mil)
02/04/2025		 GBP 21.16
Max Initial Charge -
Ongoing Charge
27/01/2025		  0.75%
Investment Objective: Schroder UK Alpha Income Fund Z Income 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 equity and equity related securities of UK companies. These are companies that are incorporated, headquartered or have their principal business activities in the UK.
Returns
Trailing Returns (GBP)02/04/2025
YTD3.58
3 Years Annualised4.55
5 Years Annualised12.18
10 Years Annualised4.30
12 Month Yield 3.89
Dividend Paying Frequency Half-yearly
Management
Manager Name
Start Date
Sue Noffke
01/03/2020
Matthew Bennison
01/03/2020
Inception Date
06/05/2005

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE AllSh TR GBPMorningstar UK All Cap TME NR GBP
Portfolio Profile for  Schroder UK Alpha Income Fund Z Income GBP28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock93.970.0093.97
Bond0.000.000.00
Property0.000.000.00
Cash1.880.121.76
Other4.520.244.28
Top 5 Regions%
United Kingdom97.88
Europe - ex Euro2.12
United States0.00
Canada0.00
Latin America0.00
Top 5 Sectors%
Financial Services28.49
Healthcare14.98
Consumer Cyclical10.35
Industrials9.98
Consumer Defensive8.02
Top 5 HoldingsSector%
AstraZeneca PLCHealthcareHealthcare7.04
Shell PLCEnergyEnergy6.40
HSBC Holdings PLCFinancial ServicesFinancial Services5.93
Standard Chartered PLCFinancial ServicesFinancial Services5.07
3i Group Ord4.24
Increase Decrease New since last portfolio
Schroder UK Alpha Income Fund Z Income GBP
Growth Of 1000 (GBP) 31/03/2025
Fund:  Schroder UK Alpha Income Fund Z Income 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-15.7322.18-7.7414.651.555.866.963.58
+/- Category-5.183.244.82-3.154.99-0.89-1.122.71
+/- Category Index------1.76-2.87-1.58
% Rank in Category9132198229736027
Trailing Returns (GBP)02/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.96   -1.68-0.71
1 Week-1.90   -0.70-1.07
1 Month-2.88   -1.01-1.15
3 Months3.60   2.18-0.96
6 Months1.46   1.57-3.54
YTD3.58   2.16-1.97
1 Year7.70   0.75-4.68
3 Years Annualised4.55   -0.35-3.01
5 Years Annualised12.18   0.88-0.65
10 Years Annualised4.30   -0.42-1.70
 
Category: UK Equity Income
Category Index: Morningstar UK All Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20253.58---
20242.684.731.77-2.27
20232.50-0.661.612.31
20224.53-5.53-6.8710.43
20214.615.142.541.66
2020-27.6910.640.0015.34
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageBelow Average3 star
5-YearAbove AverageAverage4 star
10-YearAverageAverage3 star
OverallAverageAverage3 star
 
Category :  UK Equity IncomeClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev11.35 %
3-Yr Mean Return5.10 %
 
3-Yr Sharpe Ratio0.09
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK All Cap TME NR GBP  FTSE AllSh TR GBP
3-Yr Beta0.970.99
3-Yr Alpha-2.82-1.33
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 19227-
Market Capitalisation% of Equity
Giant30.52
Large32.31
Medium26.51
Small8.83
Micro1.82
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings11.901.03
Price/Book1.631.01
Price/Sales0.921.18
Price/Cash Flow7.731.05
Dividend-Yield Factor4.421.00
 
Long-Term Projected Earnings Growth9.251.03
Historical Earnings Growth-2.040.42
Sales Growth3.760.74
Cash-Flow Growth1.732.15
Book-Value Growth3.742.00
 
Category: UK Equity Income
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock93.970.0093.97
Bond0.000.000.00
Property0.000.000.00
Cash1.880.121.76
Other4.520.244.28
World Regions28/02/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America0.000.00
United Kingdom97.881.07
Eurozone0.000.00
Europe - ex Euro2.121.64
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 Materials5.930.98
Consumer CyclicalConsumer Cyclical10.351.05
Financial ServicesFinancial Services28.491.14
Real EstateReal Estate2.170.62
Consumer DefensiveConsumer Defensive8.020.61
HealthcareHealthcare14.981.76
UtilitiesUtilities6.511.39
Communication ServicesCommunication Services5.890.96
EnergyEnergy6.810.93
IndustrialsIndustrials9.980.75
TechnologyTechnology0.880.37
 
Category: UK Equity Income
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings41
Total Number of Bond Holdings0
Assets in Top 10 Holdings46.79
NameSectorCountry% of Assets
AstraZeneca PLC206United Kingdom7.04
Shell PLC309United Kingdom6.40
HSBC Holdings PLC103United Kingdom5.93
Standard Chartered PLC103United Kingdom5.07
3i Group OrdUnited Kingdom4.24
Lloyds Banking Group PLC103United Kingdom4.18
RELX PLC310United Kingdom3.60
National Grid PLC207United Kingdom3.58
Unilever PLC205United Kingdom3.53
Intermediate Capital Group PLC103United Kingdom3.23
 
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 StructureOpen Ended Investment Company
UCITSYes
Inception Date06/05/2005
Fund Advisor(s)
Schroder Investment Management Limited
Fund ManagerSue Noffke
Manager Start Date01/03/2020
Education
Aston University, B.S.
 
Biography
Sue Noffke is Head of UK Equities and a UK Equity Fund Manager at Schroders. She is a founding member of the Prime UK Equity team established in 2006. She is fund manager of the Schroder Income Growth Fund plc co-manager of the Schroder Prime UK Equity Fund, the Schroder UK Alpha Income Fund and Cazenove Charity Equity Income Fund. Sue has managed UK equity portfolios for institutional clients since 1993. She joined Schroders in 1989 and was initially an analyst at Schroders responsible for insurance, tobacco and retail sectors in the UK market. Qualifications: Honorary Doctorate Degree from Aston University; BSc in Business Administration and Biochemistry from Aston University.
Fund ManagerMatthew Bennison
Manager Start Date01/03/2020
Career Start Year2012
 
Biography
Matthew Bennison is a UK Equity Fund Manager at Schroders. He manages the Schroder UK Sustainable Equity Fund and is co-manager of the Schroder Prime UK Equity Fund, the Schroder UK Alpha Income Fund and Cazenove Charity Equity Income Fund. Matt has also managed UK equity portfolios for institutional clients since 2017. His investment career commenced in 2012 at Schroders Private Bank (that subsequently became Cazenove Capital), where he worked for the Chief Investment Officer. Matt then joined the Prime UK Equity team in 2015 initially as an analyst. Qualifications: CFA Charterholder; Degree in Natural Sciences, Cambridge University and one year Management Studies, Judge Business School, Cambridge.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.75%
Purchase Details
Minimum Investments
Initial50000  GBP
Additional10000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes