Morningstar Fund Report  | 23/04/2025Print

Schroder Income Maximiser A Income GBP

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Schroder Income Maximiser A Income GBP
Fund26.21.111.211.92.5
+/-Cat8.34.64.53.81.7
+/-B’mrk--3.62.1-2.6
 
Category: UK Equity Income
Category Benchmark: Morningstar UK All Cap TME ...
Key Stats
NAV
23/04/2025		 GBP 0.38
Day Change 1.62%
Morningstar Category™ UK Equity Income
IA (formerly IMA) Sector UK Equity Income
ISIN GB00B0HWJ904
Fund Size (Mil)
22/04/2025		 GBP 775.91
Share Class Size (Mil)
22/04/2025		 GBP 16.61
Max Initial Charge -
Ongoing Charge
27/01/2025		  1.66%
Investment Objective: Schroder Income Maximiser A Income GBP
The Fund aims to provide income and capital growth by investing in equity and equity-related securities of UK companies. The Fund aims to deliver an income of 7% per year but this is not guaranteed and could change depending on market conditions. The Fund is actively managed and invests at least 80% of its assets in equity and equity related securities of UK companies which are selected for their long term income and capital growth potential. These are companies that are incorporated, headquartered or have their principal business activities in the UK.
Returns
Trailing Returns (GBP)23/04/2025
YTD2.50
3 Years Annualised7.78
5 Years Annualised14.71
10 Years Annualised4.97
12 Month Yield 6.70
Dividend Paying Frequency Quarterly
Management
Manager Name
Start Date
Nick Kirrage
17/06/2024
Jeegar Jagani
23/01/2012
Click here to see others
Inception Date
04/11/2005

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE AllSh TR GBPMorningstar UK All Cap TME NR GBP
Portfolio Profile for  Schroder Income Maximiser A Income GBP31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock96.710.1496.57
Bond0.000.000.00
Property0.000.000.00
Cash4.130.713.43
Other0.000.000.00
Top 5 Regions%
United Kingdom87.91
Eurozone7.80
United States4.29
Canada0.00
Latin America0.00
Top 5 Sectors%
Financial Services29.40
Consumer Defensive14.52
Communication Services10.71
Consumer Cyclical8.74
Energy8.08
Top 5 HoldingsSector%
Aviva PLCFinancial ServicesFinancial Services3.44
British American Tobacco PLCConsumer DefensiveConsumer Defensive3.24
GSK PLCHealthcareHealthcare3.20
Shell PLCEnergyEnergy3.08
St James's Place PLCFinancial ServicesFinancial Services3.06
Increase Decrease New since last portfolio
Schroder Income Maximiser A Income GBP
Growth Of 1000 (GBP) 31/03/2025
Fund:  Schroder Income Maximiser A 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-2.418.68-17.5326.151.1211.2311.922.55
+/- Category8.15-10.26-4.978.344.564.473.841.68
+/- Category Index-----3.602.09-2.61
% Rank in Category6938973191944
Trailing Returns (GBP)23/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day1.62   0.951.00
1 Week2.98   2.032.00
1 Month-2.07   0.791.05
3 Months0.89   4.082.23
6 Months3.62   5.591.95
YTD2.50   3.44-0.12
1 Year12.44   8.004.52
3 Years Annualised7.78   3.931.22
5 Years Annualised14.71   4.993.64
10 Years Annualised4.97   0.76-0.43
 
Category: UK Equity Income
Category Index: Morningstar UK All Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20252.55---
20240.824.345.101.23
20234.34-3.575.534.75
20224.04-6.61-8.0713.21
202111.343.113.466.20
2020-30.217.54-7.5218.81
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageAbove Average4 star
5-YearAbove AverageAbove Average4 star
10-YearAverageAverage3 star
OverallAbove AverageAbove Average4 star
 
Category :  UK Equity IncomeClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev13.35 %
3-Yr Mean Return8.38 %
 
3-Yr Sharpe Ratio0.31
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK All Cap TME NR GBP  FTSE AllSh TR GBP
3-Yr Beta1.081.10
3-Yr Alpha-0.170.11
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 14715-
Market Capitalisation% of Equity
Giant18.77
Large40.14
Medium33.95
Small7.15
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings9.940.88
Price/Book1.190.74
Price/Sales0.620.69
Price/Cash Flow5.450.76
Dividend-Yield Factor5.231.15
 
Long-Term Projected Earnings Growth11.551.22
Historical Earnings Growth-13.421.99
Sales Growth4.660.81
Cash-Flow Growth-4.37-9.48
Book-Value Growth-0.34-0.22
 
Category: UK Equity Income
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock96.710.1496.57
Bond0.000.000.00
Property0.000.000.00
Cash4.130.713.43
Other0.000.000.00
World Regions31/03/2025
 % of EquityRelative to Category
United States4.291.66
Canada0.000.00
Latin America0.000.00
United Kingdom87.910.96
Eurozone7.802.33
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
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 Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials7.551.26
Consumer CyclicalConsumer Cyclical8.740.91
Financial ServicesFinancial Services29.401.17
Real EstateReal Estate4.761.32
Consumer DefensiveConsumer Defensive14.521.10
HealthcareHealthcare7.990.93
UtilitiesUtilities2.110.43
Communication ServicesCommunication Services10.711.77
EnergyEnergy8.081.08
IndustrialsIndustrials6.150.47
 
Category: UK Equity Income
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings364
Total Number of Bond Holdings0
Assets in Top 10 Holdings29.66
NameSectorCountry% of Assets
Aviva PLC103United Kingdom3.44
British American Tobacco PLC205United Kingdom3.24
GSK PLC206United Kingdom3.20
Shell PLC309United Kingdom3.08
St James's Place PLC103United Kingdom3.06
NatWest Group PLC103United Kingdom2.79
Direct Line Insurance Group PLC103United Kingdom2.75
Imperial Brands PLC205United Kingdom2.73
Vodafone Group PLC308United Kingdom2.72
Standard Chartered PLC103United Kingdom2.64
 
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 Date04/11/2005
Fund Advisor(s)
Schroder Investment Management Limited
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.
Fund ManagerJeegar Jagani
Manager Start Date23/01/2012
Education
University of Surrey, B.S.
 
Biography
Jeegar Jagani is a Structured Fund Manager at Schroders, which involves Yield Management, Structuring and Execution of Options for Enhanced Income Funds. He joined Schroders in 2008 and is based in London. Jeegar was a Quantitative Analyst at Royal London Asset Management from 2003 to 2008, which involved supporting the performance team, providing Quantitative output to Equity and Fixed Income Fund Managers. Structuring and Execution of OTC Derivatives in Fixed Income and Equities. Member of the CFA Insitute and CFA Society of the UK Qualifications: CFA Charterholder; BSc in Mathematics and Computer Science from University of Surrey.
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 ManagerScott Thomson
Manager Start Date25/03/2009
Education
University of Abertay, B.A.
 
Biography
Scott Thomson is a Fund Manager at Schroders, which involves the Yield Management, Structuring and Execution of Options for Enhanced Income Funds, including the call option overlay strategy for the Maximiser Fund Range. He joined Schroders in 1997 and is based in London. Scott was a Quantitive Fund Manager/Analyst for the Investment Process Research Unit at Schroder Investment Management from 2004 to 2009. He was a Junior Fund Manager, Manager of EAFE Deal Implementation Team at Schroder Investment Management from 1997 to 2004. He was a Equity Fund Analyst at Morgan Grenfell Asset Management from 1995 to 1997. Qualifications: BA Honours Degree in Applied Economics from University of Abertay, Dundee.
Fund ManagerGhokhulan Manickavasagar
Manager Start Date01/08/2017
 
Biography
Ghokhulan Manickavasagar is a Fund Manager at Schroders, which involves providing portfolio construction solutions and managing the Diversified Trend strategy for the Multi-Asset business. He is a member of the Strategic Investment Group Multi-Asset (SIGMA) specialising in Commodity research. He joined Schroders in 2003 and is based in London. Ghokhulan was a Performance Analyst at Schroders from 2006 to 2007, which involved senior management reporting and maintenance of GIPS composites. Investment career commenced in 2003 upon joining Schroders within the Service Management Unit. Member of the CFA UK Qualifications: Investment Management Certificate (IMC UK); MSc in Information Technology from Queen Mary, University of London; BSc in Biochemistry from Queen Mary, University of London.
Fund ManagerKaarthi Chandrasegaram
Manager Start Date01/07/2024
Education
University of London, B.Sc
 
Biography
Fund Manager, Structured Fund Management Joined Structured Fund Management in May 2019 Joined Schroders as a Trade Processing Specialist in 2016. During his three years he specialised in OTC derivative electronic and paper confirmations BSc in Economics from City, University of London Passed CFA level 1
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.66%
Ongoing Charge1.66%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional500  GBP
Savings50  GBP
Tax Free Savings Schemes
ISAsYes