Morningstar Fund Report  | 11/04/2025Print

Schroder Global Cities Real Estate A Income GBP

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Schroder Global Cities Real Estate A Income GBP
Fund25.8-20.04.22.2-3.3
+/-Cat0.1-2.3-0.71.3-1.9
+/-B’mrk1.6-5.01.3-1.3-3.2
 
Category: Property - Indirect Global
Category Benchmark: Morningstar Gbl Real Est TM...
Key Stats
NAV
10/04/2025		 GBP 1.13
Day Change 4.61%
Morningstar Category™ Property - Indirect Global
IA (formerly IMA) Sector Property Other
ISIN GB00B0LGTF49
Fund Size (Mil)
09/04/2025		 GBP 955.34
Share Class Size (Mil)
09/04/2025		 GBP 0.55
Max Initial Charge -
Ongoing Charge
01/04/2025		  1.65%
Investment Objective: Schroder Global Cities Real Estate A Income GBP
The Fund aims to provide income and capital growth in excess of the FTSE EPRA NAREIT Developed TR GBP (Net) index (after fees have been deducted) over a three to five year period by investing in equity and equity related securities of sustainable real estate companies worldwide that own assets in global cities. The Fund is actively managed and invests at least 90% of its assets in equity and equity related securities of sustainable real estate companies worldwide which generate the majority of their earnings from real estate investment related activities and own assets in global cities. These are cities that have positive characteristics such as economic strength; strong transport infrastructure; high quality educational institutions; and an innovative business community, based on the investment manager’s assessment.
Returns
Trailing Returns (GBP)10/04/2025
YTD-7.80
3 Years Annualised-7.32
5 Years Annualised1.71
10 Years Annualised2.75
12 Month Yield 1.53
Dividend Paying Frequency Annually
Management
Manager Name
Start Date
Hugo Machin
15/08/2014
Tom Walker
15/08/2014
Inception Date
09/12/2005

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE EPRA Nareit Developed NR GBPMorningstar Gbl Real Est TME NR USD
Portfolio Profile for  Schroder Global Cities Real Estate A Income GBP31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.540.0098.54
Bond0.000.000.00
Property0.000.000.00
Cash11.5510.091.46
Other0.000.000.00
Top 5 Regions%
United States64.49
Japan9.86
Eurozone8.86
Australasia7.79
Asia - Developed4.49
Top 5 Sectors%
Real Estate99.20
Technology0.80
Top 5 HoldingsSector%
Equinix IncReal EstateReal Estate5.35
Digital Realty Trust IncReal EstateReal Estate4.74
Prologis IncReal EstateReal Estate4.37
Welltower IncReal EstateReal Estate4.08
Ventas IncReal EstateReal Estate3.94
Increase Decrease New since last portfolio
Schroder Global Cities Real Estate A Income GBP
Growth Of 1000 (GBP) 31/03/2025
Fund:  Schroder Global Cities Real Estate A Income GBP
Category:  Property - Indirect Global
Category Index:  Morningstar Gbl Real Est TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-4.2925.16-4.8325.77-20.014.222.17-3.33
+/- Category-2.108.134.000.06-2.28-0.721.31-1.90
+/- Category Index-1.968.832.831.64-5.031.32-1.34-3.25
% Rank in Category805206181594192
Trailing Returns (GBP)10/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day4.61   5.690.86
1 Week-4.06   4.261.09
1 Month-6.36   2.54-0.50
3 Months-8.55   1.55-3.34
6 Months-9.86   2.95-2.60
YTD-7.80   1.86-2.80
1 Year-5.72   1.14-4.92
3 Years Annualised-7.32   0.40-2.67
5 Years Annualised1.71   0.13-0.26
10 Years Annualised2.75   0.59-0.39
 
Category: Property - Indirect Global
Category Index: Morningstar Gbl Real Est TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-3.33---
20240.25-2.707.73-2.77
2023-3.47-0.09-2.6511.00
2022-0.94-13.44-4.34-2.47
20213.128.834.237.52
2020-15.9710.84-0.742.95
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageAverage2 star
5-YearBelow AverageAverage2 star
10-YearAverageAverage3 star
OverallAverageAverage3 star
 
Category :  Property - Indirect GlobalClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev15.64 %
3-Yr Mean Return-4.83 %
 
3-Yr Sharpe Ratio-0.58
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Real Est TME NR USD  Morningstar Gbl Real Est TME NR USD
3-Yr Beta0.970.97
3-Yr Alpha-3.98-3.98
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 13477-
Market Capitalisation% of Equity
Giant1.42
Large30.55
Medium50.79
Small14.68
Micro2.56
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings25.891.04
Price/Book1.470.96
Price/Sales5.260.85
Price/Cash Flow15.331.00
Dividend-Yield Factor3.860.92
 
Long-Term Projected Earnings Growth5.781.24
Historical Earnings Growth-3.771.06
Sales Growth4.090.98
Cash-Flow Growth1.5415.70
Book-Value Growth0.500.62
 
Category: Property - Indirect Global
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.540.0098.54
Bond0.000.000.00
Property0.000.000.00
Cash11.5510.091.46
Other0.000.000.00
World Regions31/03/2025
 % of EquityRelative to Category
United States64.490.97
Canada0.760.45
Latin America0.000.00
United Kingdom3.310.87
Eurozone8.861.40
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan9.861.21
Australasia7.791.57
Asia - Developed4.490.92
Asia - Emerging0.447.22
 
Category: Property - Indirect Global
Sector Weightings31/03/2025
 % of EquityRelative to Category
Real EstateReal Estate99.201.00
TechnologyTechnology0.804.86
 
Category: Property - Indirect Global
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings60
Total Number of Bond Holdings0
Assets in Top 10 Holdings37.51
NameSectorCountry% of Assets
Equinix Inc104United States5.35
Digital Realty Trust Inc104United States4.74
Prologis Inc104United States4.37
Welltower Inc104United States4.08
Ventas Inc104United States3.94
Simon Property Group Inc104United States3.72
AvalonBay Communities Inc104United States3.17
Equity Residential104United States2.95
Public Storage104United States2.64
Goodman Group104Australia2.55
 
Increase Decrease New since last portfolio
Category: Property - Indirect Global
 
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 Date09/12/2005
Fund Advisor(s)
Schroder Investment Management Limited
Fund ManagerHugo Machin
Manager Start Date15/08/2014
Education
Durham University, B.A.
Reading University, M.S.
 
Biography
Hugo Machin is Co-Head of Global Real Estate Securities at Schroders, which involves being responsible for the investment strategy of the Schroder Global Cities Real Estate, Schroder ISF Global Property Securities, Schroder Global Real Estate Securities Income and Schroder ISF Asia Pacific Property Securities. The total AUM is approximately £1.1bn GBP. He joined Schroders in 2014 and is based in London. Hugo was the Head of European Listed Real Estate at AMP Capital from 2006 to 2014, which involved setting up the London office for the AMP Global Property Securities Fund. He was an Analyst LPTs at ING Investment Management, Sydney from 2002 to 2006, which involved researching listed Australian and Asian property stocks. He was an Assistant Fund Manager at Welcome Trust from 1999 to 2002, which involved being responsible for commercial property portfolio. Qualifications: Diploma in Cross Border Valuation from Oxford Said Business School; MSc in Real Estate Finance and Investment from Reading University; BA in English Literature from Durham University.
Fund ManagerTom Walker
Manager Start Date15/08/2014
Education
London South Bsnk University, Graduate D
University of Newcastle Upon Tyne, B.A.
 
Biography
Tom Walker is an Investment Director on the Inflation team, responsible for management of UK inflation linked bond funds and co-management of the Global inflation linked bond funds. Tom joined Abrdn as a result of the merger between Aberdeen Asset Management and Standard Life in August 2017. Tom originally joined Standard Life Investments as an Investment Analyst on the Real Returns Team in January 2013. At the time, his responsibilities included analysing markets and contributing to trade ideas, further to this he monitored positions and performance of funds, and provided attribution analysis to the team. In July 2016, Tom was appointed lead portfolio manager of the UK inflation linked bond mandates and from July 2018 was appointed co-manager on the global inflation linked bond funds. Tom holds the following qualifications, MSc, BA (Hons) First Class, IMC, and has been a CFA Charterholder since 2016.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.67%
Ongoing Charge1.65%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional500  GBP
Savings50  GBP
Tax Free Savings Schemes
ISAsYes