Schroder UK Alpha Plus S Inc
|Bid Price||GBX 55.84||Offer Price||GBX 56.27|
|Mid Price||-||Day Change||GBX -0.09 (-0.16%)|
|Price Date||22 Feb 2017||Crown Rating|
|Shares Class||Inc.||Yield||2.50 %|
|Total Expense Ratio||0.00||Fund Size||1,037,777,300.00|
|Launch Date||24/06/2002||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.38||Sector||IMA UK Equity Income|
|Min Investment (£)||1.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00BGCC3C82||Min TopUp (£)||0.00|
The fund aims to provide capital growth. At least 80% of the fund will be invested in a concentrated range of shares of UK companies. The fund has no bias to any particular industry or size of company. 'Alpha' funds invest in companies in which we have a high conviction that the current share price does not reflect the future prospects for that business. The fund will typically hold between 50 and 60 companies. The fund will invest in companies which offer the best combination of value and quality in the market. Attention is paid to balance sheet strength, cash generation and where the company is in the business cycle. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to reduce risk or manage the fund more effectively.
Philip Matthews joined Schroders in October 2013 to take over management of the Schroder UK Alpha Plus Fund. At the beginning of 1999 Philip joined Jupiter's fund management department and has managed both retail and UK institutional portfolios since November 2001. Philip has managed the Jupiter Growth & Income Fund since April 2006 and was also the Deputy Fund Manager of Jupiter Income Trust. Prior to this Philip worked at Chesterton plc in the Residential Investment and Development Department. Philip Matthews studied at Cambridge University where he gained a degree in Modern & Medieval Languages.