InvestSMART

Schroder Australian Equity Income - Managed Fund (Closed)

Fund Objective
To provide investors with high levels of income by accessing the dividend stream from companies while reducing exposure to the overall equity market, thereby reducing capital volatility.
Fund Strategy
The Fund's investment strategy offers investors a potential return comprising predominantly income by exploiting the outperformance of stocks prior to their dividend ex date versus the market. The Fund invests predominantly in Australian and New Zealand equities but aims to reduce volatility by minimising the overall equity exposure through the use of derivatives.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 0.46% 0.9% 2.42% 3.98% 2.75% 3.8% 5.17% -%
Growth return 0.08% 0.52% -2.06% -2.09% -1.03% -0.6% -0.33% -%
Income return 0.38% 0.38% 4.48% 6.07% 3.78% 4.4% 5.5% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.29% 0.9% 1.85% 4.02% 4.2% 4.02% 2.58% 2.07%
As at 30 Sep 2010. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Schroder Australian Equity Income
Fixed Interest
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Property & Infrastructure
0%
Alternatives
0%
Average Allocation of Peers
Fixed Interest
20.35%
Australian Equities
3.92%
International Equities
7.25%
Cash
46.34%
Property & Infrastructure
1.85%
Alternatives
20.29%

General Information

Fund Details
Type Description
Schroder Australian Equity Income (Wholesale)
Closed
Schroder Investment Management Australia
SCH0029AU
Miscellaneous
Not Rated
Investment Fund
14 Sep 2004
$9.85 million (as at 29 Oct 2010)
$0.9712 (as at 29 Oct 2010)
$0.9712 (as at 29 Oct 2010)
Finalised
Offer information
Type Description
MER 0.86% (as at 30 Jun 2007)
Indirect Cost Ratio (ICR) 0.86% (as at 30 Jun 2010)
Minimum initial investment $50,000
Minimum additional investments $5,000.00
Minimum redemption amount $5,000.00

FAQs about the Schroder Australian Equity Income

The objective of the Schroder Australian Equity Income managed fund is To provide investors with high levels of income by accessing the dividend stream from companies while reducing exposure to the overall equity market, thereby reducing capital volatility.

The strategy of the Schroder Australian Equity Income managed fund is The Fund's investment strategy offers investors a potential return comprising predominantly income by exploiting the outperformance of stocks prior to their dividend ex date versus the market. The Fund invests predominantly in Australian and New Zealand equities but aims to reduce volatility by minimising the overall equity exposure through the use of derivatives.

The APIR code of the Schroder Australian Equity Income managed fund is SCH0029AU.

Schroder Australian Equity Income’s total return last month was 0.46%. This was made up of a growth return of 0.08% and an income return of 0.38%. These returns were calculated as at 30 Sep 2010.

Schroder Australian Equity Income’s total return for the last three months was 0.9%. This was made up of a growth return of 0.52% and an income return of 0.38%%. These returns were calculated as at 30 Sep 2010.

Schroder Australian Equity Income’s one-year total return is 3.98%. This was made up of a growth return of -2.09% and an income return of 6.07%. These returns were calculated as at 30 Sep 2010.

Schroder Australian Equity Income’s one-year total return is 3.8%. This was made up of a growth return of -0.6% and an income return of 4.4%. These returns were calculated as at 30 Sep 2010.

The asset allocation of the Schroder Australian Equity Income managed fund is :

Fixed Interest
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Property & Infrastructure
0%
Alternatives
0%

The Responsible Entity for the Schroder Australian Equity Income managed fund is Schroder Investment Management Australia.

The Schroder Australian Equity Income managed fund belongs to the Miscellaneous sector/asset class.

As at 29 Oct 2010, the size of the Schroder Australian Equity Income managed fund was $9.85 million.

The Schroder Australian Equity Income managed fund has an inception date of 14 Sep 2004.

The current entry price of the Schroder Australian Equity Income managed fund is $0.9712 per unit and the current exit price is $0.9712 per unit (as at 29 Oct 2010).

The current exit price of the Schroder Australian Equity Income managed fund is $0.9712 per unit and the current entry price is $0.9712 per unit (as at 29 Oct 2010).

The minimum initial investment amount for the Schroder Australian Equity Income managed fund is $50,000. Minimum additional investment is $5000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.