Schroder Income Maximiser L Inc

Quick Stats

Bid Price GBX 47.01 Offer Price GBX 47.27
Mid Price - Day Change GBX -0.18 (-0.38%)
Price Date 2 Dec 2016 Crown Rating 2
Shares Class Inc. Yield 7.18 %
Total Expense Ratio 0.00 Fund Size 1,001,257,700.00
Launch Date 04/11/2005 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 0.68 Sector IMA UK Equity Income
Min Investment (£) 0.00 Total Expense Ratio (%) 0.00
ISIN GB00BDD2F083 Min TopUp (£) 0.00

Fund Objective

The fund's investment objective is to provide income with potential for capital growth primarily through investment in equity and equity related securities of UK companies. The fund will also use derivative instruments to generate additional income. The Manager may selectively sell short dated call options over securities or portfolios of securities held by the fund or indices, in order to generate additional income by setting target 'strike' prices at which those securities may be sold in the future. The Manager may also, for the purpose of efficient management, use derivative instruments which replicate the performance of a basket of short dated call options or a combination of equity securities and short dated call options. Investment will be in directly held transferable securities. The fund may also invest in collective investment schemes, derivatives, cash, deposits, warrants and money market instruments.

Fund Managers

Mike Hodgson
Mike Hodgson is Head of Risk Managed Investments & Structuring at Schroders and has over 25 years of experience in financial markets. At Royal Bank of Scotland (formerly of ABN AMRO) he was Global Head of Equity Derivatives Structuring and Head of Fund Derivatives Trading and Structuring.