Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Schroder Income Maximiser

Ranked 39 out of 107 in - UK Equity Income over 12 months
All calculations are in GBP unless stated

Managed by

Mike Hodgson

Mike Hodgson is currently Head of Risk Managed Investments and Structuring at Schroders. He has more than 20 years of experience in financial markets. His career began at J Henry Schroder & Co. Limited as Principal Interest Rate Derivatives Trader and Global Head of Structured Products and Equity Derivatives (from 1987 – 2000). He then went on to work for Citigroup in 2000 as their European Head of New Product Development. In 2004, he joined ABN AMRO Bank NV / Royal Bank of Scotland NV as Global Head of Equity Derivatives Structuring and then Head of Fund Derivatives Trading and Structuring before returning to Schroders in 2011 as Head of Risk Managed Investments and Structuring.

Nick Kirrage

Nick Kirrage is a CFA Charterholder and holds a master's degree in aeronautical engineering. He joined Schroders the Pan European research team in 2001. Previously responsible for a number of sectors including Transport, Metals & Mining and Aerospace and Defence sectors, he is currently co-head of Schroders' Global Value Equity team with Kevin Murphy. Together they manage the Schroder Income, Schroder Recovery and Schroder ISF Global Recovery funds.

Kevin Murphy

Kevin Murphy is a CFA Charterholder and has a degree in economics. His investment career commenced in 2000 in Schroders’ UK Equity fund management team. Subsequently Kevin was a sector analyst for Pan European Construction and Building Materials. He is currently co-head of Schroder’s Global Value Equity team with Nick Kirrage. Together they manage the Schroder Income, Schroder Recovery and Schroder ISF Global Recovery funds.

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.

Showing fund performance in United Kingdom View performance globally

Performance

UK Equity Income over : 31/08/2016 - 31/08/2017

Total Return

Quarterly Performance

to 30/06/2017 Annual Q1 Q2 Q3 Q4
2017 2.2% 0.2%
2016 20.2% 3.2% 0.1% 7.9% 7.9%
2015 -6.1% 4.2% -1.9% -9.0% 0.9%
2014 3.4% -2.2% 1.6% 0.4% 3.6%
2013 25.5% 8.7% 2.4% 5.9% 6.5%
2012 26.1% 12.5% -3.4% 9.3% 6.1%
2011 -8.7% 1.2% 0.9% -13.5% 3.4%
2010 9.7% 7.3% -8.4% 12.1% -0.4%
2009 30.8% -9.7% 18.4% 22.9% -0.4%
2008 -21.5% -10.3% -3.3% -5.3% -4.5%
2007 4.7% 2.9% 3.9% -2.4% 0.4%
2006 16.0% 5.5% -0.8% 5.2% 5.3%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/06/2017

Top 10 Holdings

Stock Size
HSBC Holdings PLC ORD 6.33
GlaxoSmithKline PLC ORD 5.53
Pearson PLC ORD 5.31
Aviva PLC ORD 5.19
BP PLC ORD 5.17
Royal Bank of Scotland Group PLC ORD 4.20
Royal Dutch Shell Plc B ORD 4.15
Barclays PLC ORD 3.99
AstraZeneca PLC ORD 3.89
Centrica PLC ORD 3.87
30/06/2017

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date04/11/2005
  • Share Class size106Mn
  • Base currencyGBP
  • ISIN GB00B0HWHK75

Purchase Info

  • Min. initial investment1,000
  • Min. regular additional investment50

Charges

  • Annual management1.50%
  • Initial investment0

Related News

Newcomers make their mark on UK Equity income sector

The UK Equity Income sector is a famously long-term investment, but fresh faces have brought new strategies into a field now using call options and small caps

Sector Inspector: A cheering tale from UK equity income

Despite rocky markets and some issues lurking under the surface, investors will be toasting a reliable year for UK equity income funds.

Adviser Profile: Rob Broad of Broad Wealth Management

Rob Broad is making good progress in his strategy to grow hidden Scottish gem Broad Wealth Management.

Schroder Income Maximiser

Derivatives: assisting angels or devils in disguise?

Structured products are sometimes rejected by investors because they make use of derivatives but so do an increasing range of widely accepted retail investments

Sector Inspector: Shining a light on UK equity income funds

The search for yield takes us to a sector that apparently offers something for everyone, ranging from the very defensive to the more cyclical.

Tesco tumbles on probe into overstated profits

Supermarket suspends executives as it warns market first-half profits were overstated by £250 million.

Caz's Brookes: How to hunt for income in predatory market conditions

Tactical asset allocation is needed to stay ahead of the predatory market, and investors need to be conscious of value and not overpay for seemingly high yields in fixed income, writes Marcus Brookes of Cazenove Capital.

Schroder’s Kirrage backs buoyant banks over costly cigs

Schroder Income manager Nick Kirrage is content to snub classic income stocks and focus instead on buying companies whose shares are cheap and which may increase dividends.

FTSE revives but Centrica slides over gas rigging fears

The FTSE 100 rallied to close 19 points higher, but Centrica fell in response to allegations of gas price fixing.

...more...

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).