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  5. Schroder Australian Investment Grade Credit - IC - Managed fund profile

Schroder Australian Investment Grade Credit - IC - Managed Fund

Fund Objective
To outperform the Bloomberg AusBond Credit 0 Yr Index before fees over the medium term.
Fund Strategy
The Fund is benchmark-aware and invests in a range of Australian investment grade fixed income assets. The Fund seeks to combine a variety of sources of active risk that delivers the most favourable risk adjusted return trade-off consistent with the investment objective and a limited tracking error risk budget. We aim to achieve this by actively managing the Fund's sector allocation, security selection and duration/yield curve positions through a disciplined investment approach.

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 0.38% 0.45% 2% 6.86% 5.13% -0.02% 1.52% 3.15%
Growth return 0.38% 0.45% 2% 6.86% 5.13% -0.02% 1.52% 0.17%
Income return 0% 0% 0% 0% 0% 0% 0% 2.98%
Market index (Bloomberg AusBond Composite 0+Y TR AUD )
Total return 0.77% -0.84% 0.18% 3.68% 2.45% -2.06% -0.6% 2.19%
As at 30 Jun 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Schroder Australian Investment Grade Credit - IC
Cash
1.16%
Fixed Interest
98.84%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%
Average Allocation of Peers
Cash
4.65%
Fixed Interest
92.79%
Australian Equities
1.60%
International Equities
0.51%
Property
0.10%
Alternatives
0.35%

General Information

Fund Details
Type Description
Schroder Australian Investment Grade Credit - IC
Schroder Investment Management Australia
SCH0044AU
Bonds - Australia
starstarstarstarstar (as at 31 May 2024)
Investment Fund
21 Jun 2006
$785.7 million (as at 3 Jul 2024)
$1.1052 (as at 3 Jul 2024)
$1.1018 (as at 3 Jul 2024)
Open
Offer information
Type Description
MER 0% (as at 14 Dec 2023)
Indirect Cost Ratio (ICR) 0% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0
Minimum initial investment $10,000,000
Minimum additional investments $1,000,000

Top 10 holdings (as at 30 Jun 2024)

Holding (as at 30 Jun 2024) Type % of Portfolio
Ausgrid Finance Pty Ltd. 5.408% Bond - Corporate Bond 3.18%
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FAQs about the Schroder Australian Investment Grade Credit - IC

The objective of the Schroder Australian Investment Grade Credit - IC managed fund is To outperform the Bloomberg AusBond Credit 0+Yr Index before fees over the medium term.

The strategy of the Schroder Australian Investment Grade Credit - IC managed fund is The Fund is benchmark-aware and invests in a range of Australian investment grade fixed income assets. The Fund seeks to combine a variety of sources of active risk that delivers the most favourable risk adjusted return trade-off consistent with the investment objective and a limited tracking error risk budget. We aim to achieve this by actively managing the Fund's sector allocation, security selection and duration/yield curve positions through a disciplined investment approach.

The APIR code of the Schroder Australian Investment Grade Credit - IC managed fund is SCH0044AU.

Schroder Australian Investment Grade Credit - IC’s total return last month was 0.38%. This was made up of a growth return of 0.38% and an income return of 0%. These returns were calculated as at 30 Jun 2024.

Schroder Australian Investment Grade Credit - IC’s total return for the last three months was 0.45%. This was made up of a growth return of 0.45% and an income return of 0%%. These returns were calculated as at 30 Jun 2024.

Schroder Australian Investment Grade Credit - IC’s one-year total return is 6.86%. This was made up of a growth return of 6.86% and an income return of 0%. These returns were calculated as at 30 Jun 2024.

Schroder Australian Investment Grade Credit - IC’s one-year total return is -0.02%. This was made up of a growth return of -0.02% and an income return of 0%. These returns were calculated as at 30 Jun 2024.

The asset allocation of the Schroder Australian Investment Grade Credit - IC managed fund is :

Cash
1.16%
Fixed Interest
98.84%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%

The Responsible Entity for the Schroder Australian Investment Grade Credit - IC managed fund is Schroder Investment Management Australia.

The Schroder Australian Investment Grade Credit - IC managed fund belongs to the Bonds - Australia sector/asset class.

As at 3 Jul 2024, the size of the Schroder Australian Investment Grade Credit - IC managed fund was $785.7 million.

The Schroder Australian Investment Grade Credit - IC managed fund has an inception date of 21 Jun 2006.

The current entry price of the Schroder Australian Investment Grade Credit - IC managed fund is $1.1052 per unit and the current exit price is $1.1018 per unit (as at 3 Jul 2024).

The current exit price of the Schroder Australian Investment Grade Credit - IC managed fund is $1.1018 per unit and the current entry price is $1.1052 per unit (as at 3 Jul 2024).

The minimum initial investment amount for the Schroder Australian Investment Grade Credit - IC managed fund is $10,000,000. Minimum additional investment is $1000000.

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.