Schroder MM Diversity Income S Acc

Quick Stats

Bid Price - Offer Price -
Mid Price GBX 53.78 Day Change GBX +0.09 (0.17%)
Price Date 21 Oct 2016 Crown Rating 3
Shares Class Inc. Yield 3.29 %
Total Expense Ratio 0.00 Fund Size 179,800,000.00
Launch Date 15/12/2010 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible No
Annual Management Charge (%) 0.00 Sector IMA UK Equity Income
Min Investment (£) 0.00 Total Expense Ratio (%) 0.00
ISIN GB00BDRZP363 Min TopUp (£) 0.00

Fund Objective

The fund aims to provide a total return in excess of inflation, as measured by the UK Consumer Prices Index, over a market cycle, whilst also making an average 4% annual income payment over a 5 year rolling period. The fund invests in a diversified multi-asset portfolio of funds that invest in shares and bonds of companies worldwide, government bonds and other fixed income securities. The fund may also invest directly in shares, bonds and money market instruments and hold cash and foreign currency on deposit. The fund may gain exposure to alternative asset classes including real estate, commodities, hedge funds, structured products and private equity. Investments are selected after rigorous assessment of each underlying fund's portfolio, its fund manager's style and how investments are made over the economic cycle. The fund may invest in any economic sector. Derivatives may be used to reduce risk or manage the fund more efficiently.

Fund Managers

Marcus Brookes
Marcus Brookes, Head of Multi-Manager, joined Schroders in July 2013 following the acquisition of Cazenove Capital. Previous to the acquisition he was the Head of Multi Manager at Cazenove Capital, which he joined in January 2008. Prior to this Marcus was the Deputy Head of Multi Manager at Gartmore, a position he held from November 2004. Up to this time he spent 3.5 years from May 2001 as the Co-Manager of Multi Manager, at Rothschild Asset Management. Marcus began his career on 28 September 1994 when he joined Friends, Ivory and Sime, where he became the Multi Manager Fund Manager. Marcus qualified from University of Stirling with MSc. Investment Analysis.