Fact sheet: Schroder Oriental Income IT

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
ASIA EQUITIES
Sector
IT Asia Pacific - Excluding Japan
Fund type
Investment Trust
Primary aim
GROWTH & INCOME
Why Money Observer Rates Schroder Oriental Income IT

Rated Fund 2013, 2015-2018. A trust with a solid and growing income

This trust has been managed since its launch in 2005 by Matthew Dobbs, who is based in London. It was highly commended in Money Observer's trust awards in 2014. It has a yield of 3.5 per cent and pays income quarterly. Despite price volatility, dividend growth has been consistent. Over the life of the trust, dividends in Asia have grown at twice the rate seen in the UK, enabling the fund to grow its dividend every year since inception.Dobbs has long experience of Asian markets and can draw on Schroder's team of analysts based in the region. He looks for quality companies with strong balance sheets, and good cash flows and corporate governance, which he can purchase at attractive valuations.

Dobbs believes Asia is an attractive place to invest thanks to the scope for growth and its dynamism. He points out that the region is home to more than half the world's population and is very diverse, ranging from developed economies such as Hong Kong and Singapore to developing countries including India and Vietnam.His focus is on looking for companies that can pay sustainable dividends. He says a large and increasing number of companies in the region understand the importance of providing dividend returns to shareholders, and that the trend towards higher yields will continue as Asian companies mature.

Shares in the trust have traded within a range of a premium of 3 per cent to a discount of 7 per cent over the past three years. At the end of 2017, they could be bought at par, which means they reflected the value of underlying assets.<\p>

3 Year Performance
Fund Performance45.1%
Average of Rated Funds Group51.4%
Sector Performance46.4%
Fund information
Fund name
Schroder Oriental Income
Fund manager company
Schroder Investment Management
Fund type
Investment Trust
Fund manager
  • Matthew Dobbssince 28/07/2005
Accolades
Highly Commended - Best Asia Pacific ex Japan Trust 
Regular Investing - Developing Markets
Fund objective
The Company's investment objective is to provide a total return for investors primarily through investments in equities and equity-related investments, of companies which are based in, or which derive a significant proportion of their revenues from, the Asia Pacific region and which offer attractive yields.
Benchmark
  • MSCI AC Pacific ex Japan
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
12.3%
1 Year rank in sector
7/15
Sector
IT Asia Pacific - Excluding Japan
Yield
3.6%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.85%
Fund size
£655m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
112
Mid price
258
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
255.27
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
+1.07
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
108
Top in this sector
Fund name1 Year
Pac Hrzn IT PLC48.2%
ScrdrAsnTtlRetnInvstCo25.8%
JP Morgan Asian IT plc21.8%
Schroder Asia Pacific18.5%
Abrdn New Dawn IT PLC14.3%
...more in IT Asia Pacific - Excluding Japan

Performance snapshot

Holdings snapshot

  • Hong Kong23.8%
    Taiwan15.1%
    Australia14.5%
    Singapore14.2%
    China13.9%
  • No data available.
  • Hong Kong Equities23.8%
    Taiwanese Equities15.1%
    Australian Equities14.5%
    Singapore Equities14.2%
    Chinese Equities13.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4%2.7%1.3%12.3%45.1%47.7%
Sector4%1.4%1.3%13.5%46.4%52.1%
Rank within sector9 / 153 / 156 / 157 / 157 / 158 / 15
Quartile3rd1st2nd2nd2nd3rd
Calendar performance
 YTD - 20182017201620152014
Fund1.9%14.8%35.9%-2.4%12.8%
Sector0.9%26%28.9%-6.1%11.7%
Rank within sector4 / 1512 / 153 / 156 / 154 / 15
Quartile2nd4th1st2nd2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
1.69
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.87
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.6
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
14.37
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
7.6
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.01
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.73
Price movement
52 week high269
52 week low240.38
Current bid price257
Current offer price258
Current mid price258
Region
1Hong Kong23.8%
2Taiwan15.1%
3Australia14.5%
4Singapore14.2%
5China13.9%
6Korea9.8%
7Thailand7.8%
8Japan3.6%
9UK2.8%
Industry sector
No data available.
Asset type
1Hong Kong Equities23.8%
2Taiwanese Equities15.1%
3Australian Equities14.5%
4Singapore Equities14.2%
5Chinese Equities13.9%
6South Korean Equities9.8%
7Thai Equities7.8%
8Japanese Equities3.6%
9UK Equities2.8%
Individual holdings
1TAIWAN SEMICONDUCTOR MANUFACTURING5.9%
2SAMSUNG ELECTRONICS CO4.8%
3HSBC HLDGS4.4%
4FORTUNE REAL ESTATE INVESTMENT TRUST UTS4.1%
5CHINA PETROLEUM & CHEMICAL CORP3.5%
6MIDEA GROUP CO LTD3.2%
7VENTURE CORP2.9%
8BHP BILLITON PLC2.8%
9SWIRE PACIFIC2.8%
Management
Fund manager group
Schroders
Fund manager company
Schroder Investment Management
Fund type
Investment Trust
Fund objective
The Company's investment objective is to provide a total return for investors primarily through investments in equities and equity-related investments, of companies which are based in, or which derive a significant proportion of their revenues from, the Asia Pacific region and which offer attractive yields.
Benchmark
  • MSCI AC Pacific ex Japan
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Matthew Dobbs28/07/2005Matthew Dobbs joined Schroders in 1981 as an equity analyst, with secondments to both New York and Singapore. He has managed Asian equity portfolios since 1985, and the Schroder AsiaPacific Fund since its launch in 1995. He is currently based in Schroders' London office, and is a Director of Schroder Investment Management Limited. Matthew has a Degree in History and Economics.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Offshore
Schroder Oriental Income
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price255.27
CurrencyGBX
Price updated17/05/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJIG
Schroder Oriental Income NAV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price253.06
CurrencyGBX
Price updated17/05/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeTK75
Data provided by

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