June 2016
All data expressed as at 31 May 2016
www.schroders.co.uk
Schroder Unit Trusts Limited
Global Multi-Asset Income Fund
Z Accumulation Unit
Investment Objective and Policy
Fund Launch Date
19 December 2014
The Fund's investment objective is to provide income and capital growth over the medium to long term by investing
globally in equities, bonds and alternative assets. The Fund aims to provide investors with an annual distribution
payment of between 4% to 6%. There is no guarantee that this objective will be met. There is a risk to an investor's
capital. Unitholders may not get back the amount originally invested.
Total Fund Size (Million)
GBP 19.8
The Fund will actively allocate between a wide range of investments including: equities and equity related
securities; bonds and other fixed or floating rate securities (including, but not limited to, asset- backed securities
and mortgage-backed securities) issued by governments, government agencies, supra-national or corporate
issuers; and alternative asset classes (including but not limited to commodities and real estate) indirectly through
exchange traded funds or real estate investment trusts. The Fund may invest up to 60% of the Fund's value in
bonds and other fixed or floating rate securities which are rated by S&P as BB+ or lower, or an equivalent rating by
another rating agency. The Fund will not invest more than 10% of the Fund's value in bonds rated by S&P as CCC
or lower, or an equivalent rating by another rating agency, or in unrated securities. The Fund may invest up to 10%
of the Fund's value in collective investment schemes. The Fund may hold up to 20% of the Fund's value in cash,
deposits and money markets instruments. The Fund may use derivative instruments for investment purposes as
well as for efficient management (for more information please refer to section 6 of Appendix I of the Prospectus).
The use of derivative instruments may include but is not limited to taking long or short exposures to credit markets,
interest rates, foreign exchange currency contracts and to various sectors within these markets.
Unit Price End of Month (GBP)
47.23 GBX
Fund Manager
Aymeric Forest & Iain Cunningham
Managed fund since
19 December 2014
Financial Ratios
Fund
Fund Yield (%)
Annual Target Yield (%)
4.4
4.0 - 6.0
Equity Portfolio P/E
21.3
Fund Duration (yrs)
3.7
Yield is calculated using a Schroders' proprietary
model for yield sustainability in the equity portfolio
and using current effective yield to maturity for the
fixed income portfolios.
For an explanation of the financial terms included in
this factsheet visit
www.schroders.com/ukinvestor/glossary Printed
copies are available by contacting the company
address overleaf.
Risk Considerations
The government or company issuer of a bond might not be able to repay either the interest or the original loan
amount and therefore default on the debt. This would affect the credit rating of the bond and, in turn, the value of
the fund. Investment in bonds and other debt instruments including related derivatives is subject to interest rate
risk. The value of the fund may go down if interest rates rise and vice versa. The fund may invest in higher-yielding,
or non-investment grade, bonds. The risk of the issuer defaulting on the capital repayment is higher than with
investment grade bonds. The fund can use derivatives for investment purposes. These instruments can be more
volatile than investment in equities or bonds. Potential investors in emerging markets should be aware that this can
involve a higher degree of risk. Less developed markets are generally less well regulated than the UK, investments
may be less liquid and there may be less reliable arrangements for trading and settlement of the underlying
holdings. The fund holds investments denominated in currencies other than sterling, changes in exchange rates
will cause the value of these investments, and the income from them, to rise or fall. The target yield is an estimate
and is not guaranteed. It is the sum of the four quarterly distributions that comprise the fund year, each calculated
by dividing the quarterly distribution amount by the unit price at the start of that quarter. The Manager will notify
registered unitholders if the target yield changes. The income and capital growth targets are estimate and not
guaranteed. These targets may be reviewed and modified depending on prevailing market conditions.
Performance Analysis
Performance (%)
Fund
1
month
3
months
6
months
YTD
1 year
3 years
-0.4
3.3
0.4
2.5
-6.1
---
Discrete Yearly
Performance (%)
Fund
5 years Since Launch
---
-5.5
Q1/2015 Q1/2016
Q1/2014 Q1/2015
Q1/2013 Q1/2014
Q1/2012 Q1/2013
Q1/2011 Q1/2012
-7.8
---
---
---
---
Performance Since Launch (%)
4.0
2.0
0.0
-2.0
-4.0
-6.0
-8.0
-10.0
Dec 2014
Feb 2015
May 2015
Aug 2015
Nov 2015
Feb 2016
May 2016
Past performance is not a reliable indicator of future results, prices of shares and the income from them
may fall as well as rise and investors may not get back the amount originally invested.
Some performance differences between the fund and the benchmark may arise because the fund performance is
calculated at a different valuation point from the benchmark.
Source: Schroders, bid to bid price with net income reinvested, net of the ongoing charges and portfolio costs and,
where applicable, performance fees.
For an explanation of the financial terms included in this factsheet visit www.schroders.com/ukinvestor/glossary
Printed copies are available by contacting the company address overleaf.
http://SUTL-Global-Multi-Asset-Income-Fund-Z-Acc-FMR-UKEN
Schroder Unit Trusts Limited
Global Multi-Asset Income Fund
Top 10 Holdings
Holdings Analysis
% NAV
1. Exxon Mobil Corporation Common
0.8
2. Ardagh Finance Holdings Regs 8.625% 15/06/2019
0.8
3. UK Treasury 2% 22/07/2020
0.8
4. Constellium (Regs) 8% 15/01/2023
0.8
5. Nestle
0.8
6. AT And T Inc.
0.8
7. Intel Corporation
0.7
8. Koninklijke Kpn Nv 7% 28/03/2073
0.7
9. HSBC Holdings Plc
0.7
10. Russia Regs 4.875% 16/09/2023
0.7
Total
Asset Allocation (%)
Sector
Region
21.5
Government
Source: Schroders
Health Care
8.7
Energy
7.7
Consumer Discretionary
7.3
Telecommunication Services
6.9
Consumer Staples
5.8
Utilities
4.8
Information Technology
4.8
Materials
3.8
Industrials
3.7
Real Estate
0.0
Transportation
0.0
MBS/ABS
0.0
12.3
UK
2.2
Asia Pacific ex-Japan
1.3
Japan
Other
- 2.1
27.3
Cash
Physical Exposure
Investor Services
Telephone: 0800 718 777
E-mail: investorservices@schroders.com
15.2
Europe ex-UK
Other
Schroder Unit Trusts Limited
31 Gresham Street
London
EC2V 7QA
21.2
Emerging Markets
- 12.9
Information
49.9
North America
10.6
Diversified Financials
Equity
US High Yield
Government Bonds
EM USD Sovereign
EM Local Currency
US Investment Grade
Property
Infrastructure
EUR Investment Grade Bonds
Equity Options
Municipal Bonds
- 13.9
Equity futures
Cash & Income
7.6
Currency
31.2
26.2
97.8
UK Sterling
11.1
10.1
5.1
US Dollar & HK Dollar
9.2
7.3
3.0
Japanese Yen
0.4
0.4
Australian Dollar
0.3
0.1
0.0
EM
Euro
Other
17.6
SEDOL
Bloomberg
ISIN
Fund Base Currency
Dealing Frequency
Accumulation
BSNLR60
SCHGMZA:LN
GB00BSNLR606
GBP
Daily (12:00 GMT)
Ongoing Charges (latest
available)
1.03 %
Minimum Investment Amount
£1,000,000
0.0
- 1.4
- 1.8
- 2.7
Income
BSNLQV8
SCHGMZI:LN
GB00BSNLQV88
Annual Target Yield
The fund aims to deliver a target yield of 4-6% per year. The target yield of 4-6% is not guaranteed and could change according to
prevailing market conditions. The Manager will notify registered unitholders if the target yield changes.
Third party data is owned or licensed by the data provider and may not be reproduced or extracted and used for any other purpose without the data provider's consent. Third
party data is provided without any warranties of any kind. The data provider and issuer of the document shall have no liability in connection with the third party data. The
Prospectus and/or www.schroders.com contain additional disclaimers which apply to the third party data.
The fund is an authorised unit trust.
A Key Investor Information Document and Supplementary Information Document are available. These can be requested via our website at www.schroders.co.uk or call one
of our Investor Services Team on 0800 718 777 for a printed version. For investors' security, telephone calls to Schroder Unit Trusts Limited may be recorded. Nothing in this
factsheet should be construed as advice and is therefore not a recommendation to buy or sell units. The data contained in this document has been sourced by Schroders and
should be independently verified before further publication or use. Issued by Schroder Unit Trusts Limited, 31 Gresham Street, London EC2V 7QA. Registered No.4191730
England. Authorised and regulated by the Financial Conduct Authority. Schroders has expressed its own views and these may change.
SUTL-Global Multi-Asset Income Fund-May-2016