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Schroder UK Absolute Target P1 Acc

Ranked 61 out of 67 in - Long/Short Equity over 12 months
All calculations are in GBP

Managed by

Julie Dean

Julie Dean joined Cazenove in 2002 where she takes charge of the Cazenove UK Opportunities fund. A member of the group’s Pan European equity team, her specific UK sector responsibilities include healthcare, IT services and software, media, pharmaceuticals, speciality and other finance. Dean joined Cazenove from HSBC where she managed the HSBC British and HSBC UK Growth funds as well as institutional portfolios. She had previously managed UK equity funds for Invesco GT. Born in 1970, she graduated from St. Anne’s College, Oxford before launching her investment career.

Steve Cordell

Steve Cordell was born in London in 1968. He graduated from Trinity College, Oxford with a degree in Modern Languages. Steve joined Cazenove in 2002 where he is currently a member of the pan-European equity team. He manages the Cazenove Pan Europe Fund using a pragmatic business cycle investment approach. Steve is a member of the Securities Institute and has been a fund manager for over 14 years. Outside of fund management, he lists golf, tennis and cinema/theatre as his interests with his main interest being spending time with his family.

Objective

The fund aims to achieve absolute returns through targeted investment strategies independent of UK market conditions or indices. The fund has a bias towards large and mid cap stocks. It aims to deliver a minimum positive return over a rolling three-year period from both rising and falling equity prices. In addition, in the medium term (5 years plus) the fund is targeting a return of 8-10% per annum (net of fees) with less than two thirds of the volatility of the FTSE All-Share Index. There is no guarantee that either the positive returns or this target will be achieved.

Performance

Long/Short Equity over : 31/07/2013 - 31/07/2014

Total Return

Quarterly Performance

to 31/07/2014 Annual Q1 Q2 Q3 Q4
2014 -4.9% -1.0% -4.0% 0.0%
2013 9.6% 3.7% 2.8% 2.0% 0.8%
2012 3.8% 1.9% -0.8% 2.6% 0.0%
2011 10.7% 1.6% 4.7% 2.7% 1.3%
2010 -8.1% 0.2% -5.5% -0.6% -2.4%
2009 0.7% -6.7% 3.4% 7.1% -2.6%
2008 4.5% 0.1% 4.4%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/03/2013

Top 10 Holdings

Stock Size
Hellermanntyton Group PLC ORD 1.45
Perform Group PLC ORD 1.13
Ophir Energy PLC CFD 0.25
BHP Billiton CFD 0.25
Howden Joinery Group Plc CFD 0.22
Taylor Wimpey Plc CFD 0.13
Antofagasta PLC CFD 0.13
Reed Elsevier Plc CFD 0.12
Homeserve PLC CFD 0.11
Fresnillo Plc CFD 0.10
31/03/2013

Registered For Sale In

  1. Austria
  2. Denmark
  3. France
  4. Germany
  5. Ireland
  6. Italy
  7. Jersey
  8. Luxembourg
  9. Netherlands
  10. Singapore
  11. Spain
  12. Sweden
  13. Switzerland
  14. United Kingdom

Fund Info

  • Launch date18/07/2008
  • Share Class size138Mn
  • Base currencyGBP
  • ISIN GB00B39VWX15

Purchase Info

  • Min. initial investment1,000
  • Min. additional investment500

Charges

  • Annual management1.3%
  • Initial investment0

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