Schroder Tokyo Fund. Final Short Report 1 March 2015 to 28 February 2016
|
|
- Phyllis Shaw
- 5 years ago
- Views:
Transcription
1 Schroder Tokyo Fund Final Short Report 1 March 2015 to 28 February 2016
2 Review of Investment Activities From 27 February 2015 to 26 February 2016, the price of A Accumulation units on a selling price to selling price basis rose 1.57%. In comparison, the Tokyo Stock Exchange First Section Index generated a total return of 2.62% 1 in sterling terms. 1 Source: Thomson Reuters Datastream. It was a volatile twelve months for the Japanese equity market, with performance fluctuating at different times according to the influences of Abenomics, yen strength, the China slowdown and corporate results. Most notable perhaps were the sharp market falls witnessed in the third quarter. The main trigger for the downturn was the Chinese renminbi devaluation in August, which raised concerns over a Chinese economic slowdown and its impact on Japan. However, global markets rebounded in October and November as an impending US interest rate hike signalled the strength of the US economy. Early 2016 trading saw further weakness notwithstanding further easing of monetary policy in the shape of introduction of negative interest rates. Sterling investors benefited from the strong appreciation of the yen versus sterling over the twelve month period. At a sector level our overweight exposure to the retail trade sector helped returns, as did an underweight exposure to air transportation. Meanwhile, our underweight exposure to the foods sector detracted. At the individual stock level, the top contributor to returns over the period was Koito Manufacturing, followed by Nippon Telegraph & Telephone, Japan Airlines and Nintendo. On the other side of the ledger, the main detractors from returns were Japan Tobacco (which we didn t hold), Sumitimo Mitsui Financial Group and TDK. Fund Manager: Andrew Rose
3 Fund Information Interim Final Accounting dates 31 August 28 February Revenue allocation date 30 April For the year For the year Ongoing charges figure to to A Income units 1.66% 1.67% A Accumulation units 1.66% 1.67% GBP Hedged A Income units 1.66% 1.67% GBP Hedged A Accumulation units 1.66% 1.67% GBP Hedged L Accumulation units 0.84% 0.84% 1 GBP Hedged Z Income units 0.91% 0.91% GBP Hedged Z Accumulation units 0.91% 0.91% H Income units 0.66% 0.67% H Accumulation units 0.66% 0.67% L Income units 0.84% 0.84% L Accumulation units 0.84% 0.84% S Income units 0.54% 0.54% Z Income units 0.91% 0.91% Z Accumulation units 0.91% 0.91% 1 The Ongoing charges figure is annualised based on the fees incurred during the accounting period. Record Net Asset Net Asset Value as at Value as at Net Asset Value Fund performance pence per unit pence per unit % change A Income units A Accumulation units GBP Hedged A Income units (15.02) GBP Hedged A Accumulation units (14.79) GBP Hedged L Accumulation units (13.77) GBP Hedged Z Income units (14.78) GBP Hedged Z Accumulation units (13.83) H Income units H Accumulation units L Income units L Accumulation units S Income units Z Income units Z Accumulation units
4 Record (continued) 3 months 1 year 5 years Schroder Tokyo Fund (2.47)% 1.57% 34.83% Tokyo Stock Exchange First Section Index (3.56)% 2.62% 28.74% Fund Source: A Accumulation units on a selling price to selling price basis to Index Source: Thomson Reuters Datastream, total return in sterling terms to The performance of hedged unit classes may differ from other unit classes of the fund because the return on unhedged unit classes is based on both the performance of the fund s investments and the performance of the portfolio currency relative to sterling whereas the return on hedged unit classes is based only on the performance of the fund s investments. Comparative Tables A Income units Opening net asset value Return before operating charges Operating charges (4.11) (3.54) (3.50) Return after operating charges* Distributions 1 (0.18) (0.20) (0.24) Closing net asset value *after direct transaction costs of Return after charges (%) Closing net asset value ( 000 s) 130, , ,926 Closing number of units 54,152,016 60,126,731 80,141,739 Operating charges (%) Highest buying price (p) Lowest selling price (p)
5 A Accumulation units Opening net asset value Return before operating charges Operating charges (4.25) (3.66) (3.62) Return after operating charges* Closing net asset value Retained distributions *after direct transaction costs of Return after charges (%) Closing net asset value ( 000 s) 465, , ,224 Closing number of units 185,937, ,986, ,838,634 Operating charges (%) Highest buying price (p) Lowest selling price (p)
6 GBP Hedged A Income units Opening net asset value Return before operating charges (8.79) Operating charges (1.16) (0.93) (0.61) Return after operating charges* (9.95) Distributions 1 Nil 2 (0.05) Nil Closing net asset value *after direct transaction costs of Return after charges (%) (15.02) Closing net asset value ( 000's) Closing number of units 64, , ,358 Operating charges (%) Highest buying price (p) Lowest selling price (p) The unit class was launched on 1 July There will not be a distribution as the total amount distributable was below de minimis.
7 GBP Hedged A Accumulation units Opening net asset value Return before operating charges (8.66) Operating charges (1.13) (0.95) (0.61) Return after operating charges* (9.79) Closing net asset value Retained distributions Nil *after direct transaction costs of Return after charges (%) (14.79) Closing net asset value ( 000's) 6,150 13,455 2,289 Closing number of units 10,902,931 20,326,733 4,409,598 Operating charges (%) Highest buying price (p) Lowest selling price (p) The unit class was launched on 1 July 2013.
8 GBP Hedged L Accumulation units Financial year to 28 February p per unit p per unit Opening net asset value Return before operating charges (8.42) Operating charges (0.56) (0.42) Return after operating charges* (8.98) Closing net asset value Retained distributions *after direct transaction costs of Return after charges (%) (13.77) Closing net asset value ( 000's) 69,175 58,499 Closing number of units 123,035,042 89,724,700 Operating charges (%) Direct transaction costs (%) 2 ** (0.02) (0.02) Highest buying price (p) Lowest selling price (p) The unit class was launched on 9 May 2014.
9 GBP Hedged Z Income units Opening net asset value Return before operating charges (8.64) Operating charges (0.63) (0.52) (0.34) Return after operating charges* (9.27) Distributions 1 (0.55) (0.47) (0.14) Closing net asset value *after direct transaction costs of Return after charges (%) (13.95) Closing net asset value ( 000's) 97, ,240 50,016 Closing number of units 172,492, ,466,576 96,023,909 Operating charges (%) Highest buying price (p) Lowest selling price (p) The unit class was launched on 1 July 2013.
10 GBP Hedged Z Accumulation units Opening net asset value Return before operating charges (8.66) Operating charges (0.63) (0.52) (0.35) Return after operating charges* (9.29) Closing net asset value Retained distributions *after direct transaction costs of Return after charges (%) (13.83) Closing net asset value ( 000's) 172, , ,452 Closing number of units 297,737, ,354, ,896,744 Operating charges (%) Highest buying price (p) Lowest selling price (p) The unit class was launched on 1 July 2013.
11 H Income units Opening net asset value Return before operating charges (2.50) Operating charges (0.38) (0.34) (0.08) Return after operating charges* (2.58) Distributions 1 (0.63) (0.56) Nil Closing net asset value *after direct transaction costs of Return after charges (%) (5.16) Closing net asset value ( 000's) 2,789 1,467 1 Closing number of units 4,911,250 2,605,814 2,000 Operating charges (%) Highest buying price (p) Lowest selling price (p) The unit class was launched on 6 January 2014.
12 H Accumulation units Opening net asset value Return before operating charges (2.50) Operating charges (0.39) (0.34) (0.08) Return after operating charges* (2.58) Closing net asset value Retained distributions Nil *after direct transaction costs of Return after charges (%) (5.16) Closing net asset value ( 000's) 28,407 12,871 1 Closing number of units 48,988,744 22,628,674 2,000 Operating charges (%) Highest buying price (p) Lowest selling price (p) The unit class was launched on 6 January 2014.
13 L Income units Opening net asset value Return before operating charges (1.77) Operating charges (0.49) (0.42) (0.23) Return after operating charges* (2.00) Distributions 1 (0.54) (0.48) Nil Closing net asset value *after direct transaction costs of Return after charges (%) (4.00) Closing net asset value ( 000's) 71,676 14,190 4 Closing number of units 124,838,081 24,919,243 8,522 Operating charges (%) Highest buying price (p) Lowest selling price (p) The unit class was launched on 1 October 2013.
14 L Accumulation units Opening net asset value Return before operating charges (1.85) Operating charges (0.50) (0.43) (0.15) Return after operating charges* (2.00) Closing net asset value Retained distributions Nil 3 *after direct transaction costs of Return after charges (%) (4.00) Closing net asset value ( 000's) 283, , Closing number of units 485,468, ,934,140 1,433,414 Operating charges (%) Highest buying price (p) Lowest selling price (p) The unit class was launched on 1 October There was no distribution as the total amount distributable was below de minimis.
15 S Income units Opening net asset value Return before operating charges (0.42) Operating charges (0.33) (0.28) (0.08) Return after operating charges* (0.50) Distributions 1 (0.73) (0.64) 0.00 Closing net asset value *after direct transaction costs of Return after charges (%) (1.00) Closing net asset value ( 000's) 11,885 11,281 12,477 Closing number of units 20,041,897 19,182,785 25,202,999 Operating charges (%) Highest buying price (p) Lowest selling price (p) The unit class was launched on 31 January 2014.
16 Z Income units Opening net asset value Return before operating charges Operating charges (0.67) (0.58) (0.57) Return after operating charges* Distributions 1 (0.61) (0.54) (0.55) Closing net asset value *after direct transaction costs of Return after charges (%) Closing net asset value ( 000's) 303, , ,117 Closing number of units 422,360, ,990, ,569,440 Operating charges (%) Highest buying price (p) Lowest selling price (p)
17 Z Accumulation units Opening net asset value Return before operating charges Operating charges (0.69) (0.60) (0.58) Return after operating charges* Closing net asset value Retained distributions *after direct transaction costs of Return after charges (%) Closing net asset value ( 000's) 362, , ,117 Closing number of units 482,344, ,753, ,379,936 Operating charges (%) Highest buying price (p) Lowest selling price (p) These figures have been rounded to 2 decimal places. 2 The amount received from dilution adjustments, that relate to direct transaction costs, is greater than the direct transaction costs incurred by the fund within the period/year. ** Direct transaction costs have been stated after deducting the proportion of the amounts collected from dilution adjustments. The Operating charges are calculated on an ex-post basis and as such may differ from the Ongoing charges figure where the Ongoing charges figure has been annualised for a unit class that has not yet been in existence for a full year. Please remember that past performance is not a guide to future performance and it might not be repeated. The value of investments and the revenue from them may go down as well as up and investors may not get back the amount originally invested. Because of this, you are not certain to make a profit on your investments and you may lose money.
18 Portfolio Information % of net % of net assets assets Spread of as at as at investments Oil & Gas Basic Materials Industrials Consumer Goods Health Care Consumer Services % of net % of net assets assets as at as at Telecommunications Utilities Financials Technology Japanese Yen Denominated Derivatives (1.28) 0.01 Net other assets % of net assets as at Major holdings Toyota Motor 4.21 Bridgestone 3.59 KDDI 3.51 East Japan Railway 3.43 Nippon Telegraph & Telephone 3.32 Sompo Japan Nipponkoa Holdings 3.09 Sumitomo Mitsui Financial Group 2.98 Mitsui & Co 2.51 Japan Airlines 2.50 HI-LEX 2.37 % of net assets as at Toyota Motor 4.90 Bridgestone 3.15 Sumitomo Mitsui Financial Group 3.13 KDDI 3.00 Sompo Japan Nipponkoa Holdings 2.92 East Japan Railway 2.92 Mitsui & Co 2.82 HI-LEX 2.54 TDK 2.50 Mitsubishi Financial Group 2.39 Investment Objective & Policy The fund s investment objective is to achieve capital appreciation through participation in the growth of the Japanese economy. Investment will be based primarily on Japan s economic strengths, such as its manufacturing industry (in particular on those parts of it that are demonstrating an ability to exploit newly emerging technology) and on sectors benefiting from structural change in the economy. Investment will be in directly held transferable securities. The fund may also invest in collective investment schemes, warrants and money market instruments.
19 Risk Profile Risk and reward indicator Lower risk Potentially lower reward Higher risk Potentially higher reward The risk category was calculated using historical performance data and may not be a reliable indicator of the fund s future risk profile. The fund is in this category because it can take higher risks in search of higher rewards and its price may rise and fall accordingly. The fund s risk category is not guaranteed to remain fixed and may change over time. A fund in the lowest category does not mean a risk free investment. Specific risks The fund invests in assets which are exposed to currencies other than sterling. For non-hedged unit classes exchange rates may cause the value of overseas investments and the revenue from them to rise or fall. There is no guarantee that the hedging strategy applied in hedged unit classes will entirely eliminate the adverse effects of changes in exchange rates between the base currency and the portfolio currency. In addition, it should be noted that hedging transactions will be entered into whether or not the currency of a hedged unit class is declining or increasing in value in relation to the base currency or portfolio currency. Hedged unit classes aim to provide investors with a return correlated to the portfolio currency performance of the fund by reducing the effect of exchange rate fluctuations between the base currency and the portfolio currency. As it is not possible to legally segregate unit classes liabilities from those of other unit classes in the fund, there is a risk that, in certain limited circumstances, the hedging transactions undertaken in relation to a hedged unit class could result in liabilities which might affect the net asset value of the other unit classes in the fund. The fund invests solely in the securities of a particular country. There may be a greater risk than investing in funds that hold securities in a range of countries. For these reasons, the purchase of units should not normally be regarded as a short term investment.
20 Report & Accounts This document is a short report for the Schroder Tokyo Fund for the year ended 28 February The long form Report & Accounts for the fund are available on our website or upon written request to Schroders, FREEPOST, RLTZ-CHSY-HBUT, PO Box 1102, Chelmsford, Essex CM99 2XX. Other Information The information contained in this report is designed to enable unitholders to make an informed judgement on the activities of the fund during the period it covers and the results of those activities at the end of the period. For more information about the activities and performance of the fund during this and previous periods, please contact the Manager. The Prospectus, the Key Investor Information Document and details of investment charges and costs are available on request or can be downloaded from our website Please remember that past performance is not a guide to future performance and it might not be repeated. The value of investments and the revenue from them may go down as well as up and investors may not get back the amount originally invested. Because of this, you are not certain to make a profit on your investments and you may lose money. For investors security, calls to Schroder Investor Services may be recorded. Manager: Schroder Unit Trusts Limited, 31 Gresham Street, London EC2V 7QA. Authorised and regulated by the Financial Conduct Authority. Investment Adviser: Schroder Investment Management Limited, 31 Gresham Street, London, EC2V 7QA. Authorised and regulated by the Financial Conduct Authority. Trustee: J.P. Morgan Europe Limited, Chaseside, Bournemouth BH7 7DA. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Independent Auditors: PricewaterhouseCoopers LLP, Atria One, 144 Morrison Street, Edinburgh EH3 8EX. For further literature please contact Schroder Investor Services on or at investorservices@schroders.com, or visit our website at Issued in April 2016 by Schroder Unit Trusts Limited, 31 Gresham Street, London EC2V 7QA. Registered No: England. Authorised and regulated by the Financial Conduct Authority. w35659 MR049BF16
Schroder Tokyo Fund. Interim Short Report 29 February 2016 to 31 August 2016
Schroder Tokyo Fund Interim Short Report 29 February 2016 to 31 August 2016 Review of Investment Activities From 26 February 2016 to 31 August 2016, the price of Z Accumulation units on a selling price
More informationSchroder European Alpha Plus Fund. Interim Short Report 16 March 2016 to 15 September 2016
Schroder European Alpha Plus Fund Interim Short Report 16 March 2016 to 15 September 2016 Schroder European Alpha Plus Fund Review of Investment Activities From 15 March 2016 to 15 September 2016, the
More informationSchroder Managed Wealth Portfolio. Final Short Report 1 February 2015 to 31 January 2016
Schroder Managed Wealth Portfolio Final Short Report 1 February 2015 to 31 January 2016 Schroder Managed Wealth Portfolio Review of Investment Activities From 30 January 2015 to 29 January 2016, the price
More informationSchroder Asian Income Maximiser. Final Short Report 1 January 2016 to 31 December 2016
Schroder Asian Income Maximiser Final Short Report 1 January 2016 to 31 December 2016 Schroder Asian Income Maximiser Review of Investment Activities From 31 December 2015 to 30 December 2016, the price
More informationSchroder All Maturities Corporate Bond Fund. Final Short Report 1 November 2015 to 31 October 2016
Schroder All Maturities Corporate Bond Fund Final Short Report 1 November 2015 to 31 October 2016 Schroder All Maturities Corporate Bond Fund Review of Investment Activities From 30 October 2015 to 31
More informationSchroder MM Diversity Income Fund. Interim Short Report 29 February 2016 to 31 August 2016
Schroder MM Diversity Income Fund Interim Short Report 29 February 2016 to 31 August 2016 Schroder MM Diversity Income Fund Review of Investment Activities From 26 February 2016 to 31 August 2016, the
More informationSchroder UK Alpha Plus Fund. Final Short Report 1 June 2015 to 31 May 2016
Schroder UK Alpha Plus Fund Final Short Report 1 June 2015 to 31 May 2016 Review of Investment Activities From 29 May 2015 to 31 May 2016, the price of A Accumulation units on selling price to selling
More informationSchroder European Smaller Companies Fund. Final Short Report 1 December 2015 to 30 November 2016
Schroder European Smaller Companies Fund Final Short Report 1 December 2015 to 30 November 2016 Schroder European Smaller Companies Fund Review of Investment Activities From 30 November 2015 to 30 November
More informationSchroder MM International Fund. Interim Short Report 29 February 2016 to 31 August 2016
Schroder MM International Fund Interim Short Report 29 February 2016 to 31 August 2016 Review of Investment Activities From 26 February 2016 to 31 August 2016, the price of A Accumulation units on a dealing
More informationSchroder UK Smaller Companies Fund. Final Short Report 1 June 2015 to 31 May 2016
Schroder UK Smaller Companies Fund Final Short Report 1 June 2015 to 31 May 2016 Schroder UK Smaller Companies Fund Review of Investment Activities From 29 May 2015 to 31 May 2016, the price of A Accumulation
More informationSchroder Small Cap Discovery Fund. Interim Short Report 16 April 2016 to 15 October 2016
Schroder Small Cap Discovery Fund Interim Short Report 16 April 2016 to 15 October 2016 Schroder Small Cap Discovery Fund Review of Investment Activities From 15 April 2016 to 14 October 2016, the price
More informationSchroder Monthly High Income Fund. Interim Short Report 28 July 2015 to 27 January 2016
Schroder Monthly High Income Fund Interim Short Report 28 July 2015 to 27 January 2016 Schroder Monthly High Income Fund Review of Investment Activities From 27 July 2015 to 27 January 2015, the price
More informationSchroder Multi-Manager Cautious Managed Fund. Interim Short Report 1 October 2013 to 31 March 2014
Schroder Multi-Manager Cautious Managed Fund Interim Short Report 1 October 2013 to 31 March 2014 Schroder Multi-Manager Cautious Managed Fund Review of Investment Activities From 30 September 2013 to
More informationSchroder Multi-Manager High Alpha Fund. Final Short Report 16 March 2014 to 15 March 2015
Schroder Multi-Manager High Alpha Fund Final Short Report 16 March 2014 to 15 March 2015 Schroder Multi-Manager High Alpha Fund Review of Investment Activities From 14 March 2014 to 24 October 2014, the
More informationSchroder QEP Global Active Value Fund. Interim Short Report 21 June 2016 to 20 December 2016
Schroder QEP Global Active Value Fund Interim Short Report 21 June 2016 to 20 December 2016 Schroder QEP Global Active Value Fund Review of Investment Activities From 20 June 2016 to 20 December 2016,
More informationSchroder Strategic Bond Fund. Interim Short Report 16 June 2016 to 15 December 2016
Schroder Strategic Bond Fund Interim Short Report 16 June 2016 to 15 December 2016 Review of Investment Activities From 15 June 2016 to 15 December 2016, the price of Z Accumulation units on a dealing
More informationSchroder UK Mid 250 Fund. Interim Short Report 1 August 2015 to 31 January 2016
Schroder UK Mid 250 Fund Interim Short Report 1 August 2015 to 31 January 2016 Review of Investment Activities From 31 July 2015 to 29 January 2016, the price of A Accumulation units on a selling price
More informationSchroder Managed Balanced Fund Interim Report and Accounts August 2018
Interim Report and Accounts August 2018 August 2018 Contents Fund Information 1 3 Investment objective and policy 3 Financial highlights 3 Fund information 3 Ongoing charges figure 4 Total purchases and
More informationAdvanced Beta Global Sovereign Bond Fund
Schroder Advanced Beta Global Sovereign Bond Fund Interim Report and Accounts February 2018 Contents Schroder Advanced Beta Global Sovereign Bond Fund Fund Information 1...............................................3
More informationSchroder Diversified Growth Fund. Interim Short Report 6 March 2016 to 5 September 2016
Schroder Diversified Growth Fund Interim Short Report 6 March 2016 to 5 September 2016 Review of Investment Activities From 4 March 2016 to 5 September 2016, the price of I Accumulation units on a dealing
More informationInstitutional Growth Fund
Schroder Institutional Growth Fund Interim Report and Accounts December 2017 Contents Schroder Institutional Growth Fund Fund Information 1...............................................3 Investment objective
More informationManaged Wealth Portfolio
Schroder Managed Wealth Portfolio Interim Report and Accounts July 2017 Contents Schroder Managed Wealth Portfolio Fund Information 1...............................................3 Investment objective
More informationSchroder. Asian Income Fund. Interim Report and Accounts July 2017
Schroder Asian Income Fund Interim Report and Accounts July 2017 Contents Schroder Asian Income Fund Fund Information 1...............................................3 Investment objective and policy......................................3
More informationSchroder. Tokyo Fund. Final Report and Accounts February 2018
Schroder Tokyo Fund Final Report and Accounts February 2018 Contents Schroder Tokyo Fund Fund Information 1...............................................3 Investment objective and policy......................................3
More informationThe Charity Multi-Asset Fund. Interim Report and Accounts September 2017
Interim Report and Accounts September 2017 Contents The Charity Multi-Asset Fund Fund Information 1...............................................3 Investment objective and policy......................................3
More informationSchroder Global Asset Allocation Fund. Interim Report & Accounts May 2011
Schroder Global Asset Allocation Fund Interim Report & Accounts May 2011 Fund Information 1 Investment Objective and Policy The fund s investment objective is to provide capital appreciation through active
More informationGlobal Equity Income Fund
Schroder Global Equity Income Fund Interim Report and Accounts January 2018 Contents Schroder Global Equity Income Fund Fund Information 1...............................................3 Investment objective
More informationSchroder. UK Mid 250 Fund. Interim Report and Accounts January 2018
Schroder UK Mid 250 Fund Interim Report and Accounts January 2018 Contents Schroder UK Mid 250 Fund Fund Information 1...............................................3 Investment objective and policy......................................3
More informationSchroder Asian Income Fund Interim Report and Accounts July 2018
Schroder Asian Income Fund Interim Report and Accounts July 2018 Schroder Asian Income Fund July 2018 Contents Fund Information 1 3 Investment objective and policy 3 Financial highlights 3 Fund information
More informationSchroder Dynamic Multi Asset Fund Interim Report and Accounts April 2018
Schroder Dynamic Multi Asset Fund Interim Report and Accounts April 2018 Schroder Dynamic Multi Asset Fund April 2018 Contents Fund Information 1 3 Investment objective and policy 3 Financial highlights
More informationThe Charity Multi-Asset Fund. Final Report & Accounts March 2011
The Charity Multi-Asset Fund Final Report & Accounts March 2011 Fund Information 1 Investment Objective and Policy aims to at least maintain the real value of capital whilst generating a sustainable and
More informationSchroder. Prime UK Equity Fund. Final Report and Accounts September 2017
Schroder Prime UK Equity Fund Final Report and Accounts September 2017 Contents Schroder Prime UK Equity Fund Fund Information 1...............................................3 Investment objective and
More informationHIGH OCTANE UNIT TRUST
HIGH OCTANE UNIT TRUST FOR THE PERIOD ENDED 30 SEPTEMBER 2015 Manager St. James's Place Unit Trust Group Limited PO Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: 0800 027 1031 (Authorised and
More informationLife Fund October 2018
Life Fund October 2018 Aviva Life Schroder Tokyo AL / MLC / PSB This factsheet provides factual information only. The information shown should not be used in isolation for making buying and selling decisions.
More informationANNUAL SHORT REPORT. Henderson Institutional Japan Enhanced Equity Fund. For the year ended 31 October 2016
ANNUAL SHORT REPORT For the year ended 31 October 2016 Henderson Institutional Japan Enhanced Equity Fund Henderson Institutional Japan Enhanced Equity Fund Short Report For the year ended 31 October 2016
More informationBNY MELLON LONG-TERM GLOBAL EQUITY FUND
Key Investor Information This document provides you with key investor information about this Fund. It is not marketing material. The information is required by law to help you understand the nature and
More informationINDEX LINKED GILTS UNIT TRUST
INDEX LINKED GILTS UNIT TRUST FOR THE PERIOD ENDING 30 SEPTEMBER 2016 Manager St. James's Place Unit Trust Group Limited PO Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: 0800 027 1031 (Authorised
More informationThreadneedle Navigator Growth Managed Trust
Annual Short Report 1 June 2017 Fund Manager s Report Alex Lyle Performance Over the twelve months to 1 June 2017, the offer price of accumulation units rose by 21.60% from 125.90p to 153.10p. In view
More informationWESLEYAN INTERNATIONAL TRUST FINAL SHORT REPORT FOR THE YEAR ENDED 31 MARCH 2016
WESLEYAN INTERNATIONAL TRUST FINAL SHORT REPORT FOR THE YEAR ENDED 31 MARCH 2016 Manager s Report May 2016 02 Wesleyan International Trust Manager s report MANAGER S REPORT Trust Review The offer price
More informationSchroder. Income Maximiser. Final Report and Accounts August 2017
Schroder Income Maximiser Final Report and Accounts August 2017 Contents Schroder Income Maximiser Fund Information 1...............................................3 Investment objective and policy......................................3
More informationGILTS UNIT TRUST FOR THE PERIOD ENDING 30 SEPTEMBER 2016
GILTS UNIT TRUST FOR THE PERIOD ENDING 30 SEPTEMBER 2016 Manager St. James's Place Unit Trust Group Limited PO Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: 0800 027 1031 (Authorised and regulated
More informationGrowth Trust. Manager s Half-Year Short Report 2013
Growth Trust Manager s Half-Year Short Report 2013 Manager s report Trust Review This is the half-year report of the Wesleyan Growth Trust covering the six months from 1 July to 31 December 2013. It was
More informationJPM Strategic Bond Fund
Fund Annual Short Form Report 31 January Changes to the Registrar With effect from 7 December the ACD delegated registrar services for the Company to International Financial Data Services (UK) Limited
More informationLegal & General Mixed Investment 0-35% Fund Annual Manager s Short Report for the year ended 31 July Distribution Number 27
Mixed Investment 0-35% Fund Annual Manager s Short Report for the year ended 31 July 2018 Distribution Number 27 Investment Objective and Policy This Fund aims to deliver long term capital growth which
More informationSchroder Japan Growth Fund plc Half Year Report and Accounts for the six months ended 31 January 2015
165049 Schroder Japan Growth Cover_165049 Schroder Japan Growth Cover 30/03/2015 20:47 Page BCov1 Schroder Japan Growth Fund plc Half Year Report and Accounts for the six months ended 31 January 2015 www.schroderjapangrowthfund.com
More informationSimplified Prospectus
Schroders Simplified Prospectus July 2011 This document contains important information to help you decide whether our Unit Trust Funds are right for you. You should read this document carefully so that
More informationGILTS UNIT TRUST FOR THE YEAR ENDING 31 MARCH 2015
GILTS UNIT TRUST FOR THE YEAR ENDING 31 MARCH 2015 Manager St. James's Place Unit Trust Group Limited PO Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: 0800 027 1031 (Authorised and regulated
More informationThreadneedle Dynamic Real Return Fund
Interim Short Report 25 November 2017 Fund Manager s Report Toby Nangle Performance of Class 2 Income shares* Over the six months to 25 November 2017, the published of the Threadneedle Dynamic Real Return
More informationLegal & General Multi Manager Income Trust Annual Manager s Short Report for the year ended 15 January Distribution Number 35
Legal & General Multi Manager Income Trust Annual Manager s Short Report for the year ended 15 January 2017 Distribution Number 35 Investment Objective and Policy The investment objective is to achieve
More informationThreadneedle Navigator Growth Trust
Annual Short Report 1 June 2017 Fund Manager s Report Alex Lyle Performance Over the twelve months to 1 June 2017, the UK equity market, as measured by the FTSE All-Share Index (Total Return), rose by
More informationSchroder Japan Growth Fund plc. Half Yearly Report to 31 January 2010
Schroder Japan Growth Fund plc Half Yearly Report to 31 January 2010 Investment Objective The Company s principal investment objective is to achieve capital growth from an actively managed portfolio principally
More informationMorgan Stanley Funds (UK)
Morgan Stanley Funds (UK) Short Report 30 September 2016 Morgan Stanley Funds (UK) 30 September 2016 1 This document is a short report of for the year ended 30 September 2016. More information about the
More informationMulti-Manager Strategic Balance Fund
Schroder Multi-Manager Strategic Balance Fund Proposal for the Scheme of Arrangement for the merger of the Schroder Multi-Manager Strategic Balanced Fund into the Schroder MM Diversity Balanced Fund This
More informationSchroder Unit Trusts Limited Prospectus
Schroder Unit Trusts Limited Prospectus (Intermediary) 4 December 2017 Schroder Unit Trusts Limited (Intermediary) Prospectus 4 December 2017 Schroder Unit Trusts Limited Internet Site: http://www.schroders.co.uk
More informationRisk Profile. Trust Facts
Legal & General Japan Index Trust Interim Manager s Short Report for the period ended 24 April 2017 Investment Objective and Policy The investment objective of this Trust is to track the capital performance
More informationManaged Balanced Fund
Schroder Managed Balanced Fund Final Report and Accounts February 2018 Contents Schroder Managed Balanced Fund Fund Information 1...............................................3 Investment objective and
More informationLegal & General Asian Income Trust Annual Manager s Short Report for the year ended 10 September Distribution Number 34
Legal & General Asian Income Trust Annual Manager s Short Report for the year ended 10 September 2017 Distribution Number 34 Investment Objective and Policy The investment objective is to generate income
More informationWESLEYAN CASH FUND FINAL SHORT REPORT FOR THE YEAR ENDED 30 JUNE 2016
WESLEYAN CASH FUND FINAL SHORT REPORT FOR THE YEAR ENDED 30 JUNE 2016 Manager s Report August 2016 2 Cash Fund Manager s report MANAGER S REPORT Fund Review It should be noted that the Wesleyan Cash Fund
More informationShort report For the year ended 31 Dec 2016
Short report For the year ended 31 Dec 2016 Architas MA Active Intermediate Income Fund For the year ended 31 Dec 2016 Investment objective The aim of the Fund is for you to receive an above average level
More informationSchroder Unit Trusts Limited. Prospectus. (relating to the Schroder Multi-Manager Funds) 12 March United Kingdom
Schroder Unit Trusts Limited Prospectus (relating to the Schroder Multi-Manager Funds) 12 March 2018 United Kingdom Schroder Unit Trusts Limited (relating to the Schroder Multi-Manager Funds) Prospectus
More information(Non-UCITS Retail) Schroder Unit Trusts Limited Prospectus 3 May 2018
(Non-UCITS Retail) Schroder Unit Trusts Limited Prospectus 3 May 2018 Schroder Unit Trusts Limited (Non-UCITS Retail) Prospectus 3 May 2018 Schroder Unit Trusts Limited Internet Site: http://www.schroders.co.uk
More informationSchroder. MM Diversity Fund. Final Report and Accounts February 2017
Schroder MM Diversity Fund Final Report and Accounts February 2017 Contents Schroder MM Diversity Fund Fund Information 1...............................................3 Investment objective and policy......................................3
More informationAdvanced Beta UK Equity Fund
Schroder Advanced Beta UK Equity Fund Interim Report and Accounts December 2017 Contents Schroder Advanced Beta UK Equity Fund Fund Information 1...............................................3 Investment
More informationMI Downing Diversified Global Managers. (Formally MFM SGWM Managed Fund)
(Formally MFM SGWM Managed Fund) Short Report 31 May 2016 Directory Authorised Corporate Director (ACD) & Registrar Authorised Corporate Director (ACD) & Registrar to 31 January 2016: Malbrough Fund Managers
More informationJPM Global High Yield Bond Fund
Fund Annual Short Form Report 31 January Changes to the Registrar With effect from 7 December the ACD delegated registrar services for the Company to International Financial Data Services (UK) Limited
More informationAberdeen Asia Pacific Equity Enhanced Index Fund
Aberdeen Asia Pacific Equity Enhanced Index Fund Interim short report for the period ended 30 June 2016 Investment objective and policy The Fund aims to achieve long-term capital growth by investing in
More informationFranklin Templeton Investment Funds Franklin Japan Fund. Fund Manager Report
Franklin Templeton Investment Funds Franklin Japan Fund Equity LU0116920520 Fund Manager Report Fund Characteristics Base Currency JPY Total Net Assets (JPY) 25,467,566,917 Fund Inception Date 01.09.2000
More informationThreadneedle Navigator UK Index Tracker Trust
Annual Short Report 1 June 2017 Fund Manager s Report Alex Lyle Performance Over the twelve months to 1 June 2017, the UK equity market, as measured by the FTSE All-Share Index rose by +24.52% on a total
More informationINDEX LINKED GILTS UNIT TRUST
INDEX LINKED GILTS UNIT TRUST FOR THE YEAR ENDED 31 MARCH 2014 Manager St. James's Place Unit Trust Group Limited PO Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: 0800 027 1031 (Authorised and
More informationSchroder. European Fund. Final Report and Accounts January 2018
Schroder European Fund Final Report and Accounts January 2018 Contents Schroder European Fund Fund Information 1...............................................3 Investment objective and policy......................................3
More informationJPM Emerging Markets Income Fund
Fund Annual Short Form Report 31 January Changes to the Registrar With effect from 7 December the ACD delegated registrar services for the Company to International Financial Data Services (UK) Limited
More informationThreadneedle Navigator Cautious Managed Trust
Interim Short Report 1 December 2017 Fund Manager s Report Alex Lyle Performance During the period under review the offer price of accumulation units fell by -1.67% from 119.80p to 117.80p. In view of
More informationMM International Fund
Schroder MM International Fund Final Report and Accounts February 2017 Contents Schroder MM International Fund Fund Information 1...............................................3 Investment objective and
More informationLong Dated Corporate Bond Fund
Schroder Long Dated Corporate Bond Fund Interim Report and Accounts October 2017 Contents Schroder Long Dated Corporate Bond Fund Fund Information 1...............................................3 Investment
More informationThreadneedle Navigator Growth Managed Trust
Interim Short Report 1 December 2017 Fund Manager s Report Alex Lyle Performance During the period under review the offer price of accumulation units fell by -0.72% from 153.10p to 152.00p. In view of
More informationAberdeen Diversified Growth Fund
Aberdeen Diversified Growth Fund Annual short report for the year ended 31 October 2016 Investment objective and policy To achieve long term total return with lower volatility than equities. Note: The
More informationLegal & General Cash Trust Annual Manager s Short Report for the year ended 5 February Distribution Number 50
Legal & General Cash Trust Annual Manager s Short Report for the year ended 5 February 2018 Distribution Number 50 Investment Objective and Policy The investment objective of the Trust is to maintain
More information(Authorised and regulated by the Financial Conduct Authority) (Authorised and regulated by the Financial Conduct Authority)
Equity Income UNIT TRUST FOR THE PERIOD ENDING 31 MARCH 2017 Manager St. James's Place Unit Trust Group Limited PO Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: 0800 027 1031 (Authorised and
More informationUK Smaller Companies Fund
Schroder UK Smaller Companies Fund Final Report and Accounts May 2017 Contents Schroder UK Smaller Companies Fund Fund Information 1...............................................3 Investment objective
More informationDistribution Number 37. Legal & General Mixed Investment Fund. Interim Manager s Report for the period ended 31 March 2014 (Unaudited)
Distribution Number 37 Legal & General Mixed Investment Fund Interim Manager s Report for the period ended 31 March 2014 (Unaudited) Contents Page Number Manager s Investment Report 2 Authorised Status
More informationM&G Managed Fund. M&G Investment Funds (4) Annual Short Report December For the year ended 31 October 2010
M&G Investment Funds (4) Annual Short Report December 2010 For the year ended 31 October 2010 M&G Managed Fund a sub-fund of M&G Investment Funds (4) AUTHORISED CORPORATE DIRECTOR S REPORT Investment objective
More informationThe Charity Fixed Interest Fund
Schroders The Charity Fixed Interest Fund Proposal for the Scheme of Arrangement for the merger of The Charity Fixed Interest Fund into The Income Trust For Charities This document is important and requires
More informationOptimum Investment Management Enterprise Fund
Optimum Investment Management Enterprise Fund Annual Short Report For the year ended 30 November 2015 Optimum Investment management Enterprise Fund Short Report For the year ended 30 November 2015 Fund
More informationThreadneedle Managed Equity Fund
Interim Short Report 15 November 2018 Fund Managers Report Mark Burgess Alex Lyle Fund Performance During the period under review the offer price of Class A units fell by 5.16% from 205.30p to 194.70p
More informationTD Japanese Growth Fund
525496 (03/16) TD Mutual Funds for the period ended This contains financial highlights, but does not contain the complete annual financial statements of the investment fund. You can get a copy of the annual
More informationThe Charity Equity Fund Proposal for a Scheme of Arrangement for the merger of The Charity Equity Fund into SUTL Cazenove Charity Equity Value Fund
The Charity Equity Fund Proposal for a Scheme of Arrangement for the merger of into SUTL Cazenove Charity Equity Value Fund This document is important and requires your immediate attention This document
More informationThe Virgin Stakeholder Pension Scheme. Final Report and Financial Statements For the year ended 15 December 2017
The Virgin Stakeholder Pension Scheme Final Report and Financial Statements For the year ended 15 December 2017 Contents Manager s Report Page Management and professional services 1 Manager s investment
More informationMM Diversity Tactical Fund
Schroder MM Diversity Tactical Fund Final Report and Accounts February 2018 Contents Schroder MM Diversity Tactical Fund Fund Information 1...............................................3 Investment objective
More informationAberdeen World Equity Enhanced Index Fund
Aberdeen World Equity Enhanced Index Fund Annual short report for the period ended 31 December 2015 Investment objective and policy The Fund aims to achieve long-term capital growth by investing in equity
More informationMorgan Stanley Funds (UK)
Morgan Stanley Funds (UK) Short Report 30 September 2016 Morgan Stanley Funds (UK) 30 September 2016 1 This document is a short report of for the period ended 30 September 2016. More information about
More informationThreadneedle Managed Bond Focused Fund
Interim Short Report 15 November 2018 Fund Manager s Report Alex Lyle Fund Performance During the period under review the offer price of Class A units fell by 2.06% from 116.40p to 114.00p and the offer
More informationAberdeen Multi-Asset Growth 2 Portfolio
Aberdeen Multi-Asset Growth 2 Portfolio Annual short report for the year ended 31 October 2016 Investment objective and policy To achieve long term total return. The Portfolio aims to achieve long term
More informationMM Managed Portfolio Fund
Schroder MM Managed Portfolio Fund Proposal for the Scheme of Arrangement for the merger of the Schroder MM Managed Portfolio Fund into the Schroder MM Diversity Balanced Fund This document is important
More informationWAY Global Momentum Fund
WAY Global Momentum Fund Short Report for the six months ended 31 August 2014 Investment Objective and Policy The objective of the Fund is to achieve long-term capital growth. The Fund aims to achieve
More informationEuropean Alpha Plus Fund
Schroder European Alpha Plus Fund Final Report and Accounts March 2017 Contents Schroder European Alpha Plus Fund Fund Information 1...............................................3 Investment objective
More informationMI Brompton UK Recovery Unit Trust. (Formerly PFS Brompton UK Recovery Unit Trust)
(Formerly PFS Brompton UK Recovery Unit Trust) Short report 30 June 2016 Directory Authorised unit trust manager and registrar Maitland Institutional Services Ltd Springfield Lodge, Colchester Road, Chelmsford,
More informationGlobal Emerging Markets Fund
Schroder Global Emerging Markets Fund Interim Report and Accounts September 2017 Contents Schroder Global Emerging Markets Fund Fund Information 1...............................................3 Investment
More informationAberdeen Foundation Growth Fund
Aberdeen Foundation Growth Fund Annual short report for the year ended 31 December 2015 Investment objective and policy The Fund aims to achieve long term capital growth and to produce a return that, before
More informationSeven-year asset class forecast returns
For professional investors and advisers only. Seven-year asset class forecast returns 2017 Update Seven-year asset class forecast returns 2017 update Introduction Our seven-year returns forecast largely
More informationSchroders Investment Trust ISA
June 2012 Key Features of the Schroders Investment Trust ISA The Financial Services Authority is the independent financial services regulator. It requires us, Schroders, to give you this important information
More information