November 2015
All data expressed as at 31 October 2015
www.schroders.com.sg
Schroder
Greater China Fund
28 Mar 2002
SGD 1.04
MSCI Golden
Dragon Net
Cash & SRS
Subscription Mode
Up to 5%
Sales Charge
00..2255%% pp..aa..
0.25%
p.a.
Management Fees
((SSiinnggaappoorree LLeevveell))
(Singapore
Level)
11..0000%% pp..aa..
1.00%
p.a.
((UUnnddeerrllyyiinngg LLeevveell))
(Underlying
Level)
Higher Risk CPF Classification
Narrowly Focused
- Country - Greater
China
DDaaiillyy uupp ttoo 55ppmm
Daily
up to 5pm
Dealing
SGD 3.175
NAV as of 31 Oct 2015
Highest NAV (31 May 2015) SGD 3.689
Lowest NAV (13 Jun 2006) SGD 1.725
SGD 12.0m
Fund Size (Feeder)
USD 696.4m
Fund Size (Underlying)
86
Total No. of Holdings
SG9999000293
ISIN Code
SCHNOAI SP
Bloomberg Code
Launch Date
Inception NAV
Benchmark
Investment Objective
The Schroder Greater China Fund (the "Fund") will invest primarily into the
Schroder ISF Greater China, whose investment objective is to provide capital
growth primarily through investment in equity and equity related securities of
companies in China, Hong Kong and Taiwan.
The Fund may use or invest in derivatives.
The net asset value ("NAV") of the underlying fund (and accordingly that of
the Fund) is likely to have high volatility due to its investment policies or
portfolio management techniques.
Performance
3m
Fund (bid-to-bid)
Fund (offer-to-bid)
Benchmark
6m
-2.7% -12.6%
-7.5% -17.0%
-3.7% -14.2%
1y
3y*
5y*
7.5% 10.9%
2.1% 9.0%
5.3% 10.7%
3.2%
2.1%
4.4%
Since
Inception*
7.5% 8.6%
6.9% 8.2%
6.5% 6.2%
10y*
* Returns of more than 1 year are annualised.
Source : Morningstar, SGD, net dividends reinvested. Since inception figures from 28 Mar 2002.
*The benchmark of the Fund has been changed from the MSCI Golden Dragon Gross to the
MSCI Golden Dragon Net with effect from 2 April 2013. The performance of the previous
benchmark performance has been chainlinked to the new one.
Beta
Standard Deviation
Sharpe Ratio
Fund
0.96
19.50
0.52
Benchmark
1.00
18.61
0.51
The above ratios are based on bid to bid price
performance data over the last 3 years.
Price Indexed
(bid-to-bid)
Essential Statistics Over 3 Years
Schroder Greater China Fund
Top Holdings
Top 10 Holdings
Taiwan Semiconductor Manufacturing
China Mobile
China Construction Bank
AIA Group
Tencent Holdings
Hon Hai Precision Industry Co Ltd
Industrial & Commercial Bank of China
Alibaba Group Holding
China Life Insurance
Galaxy Entertainment
Schroder Investment Management (Singapore) Ltd
138 Market Street #23-01 CapitaGreen Singapore 048946
Tel: +65 6800 7000
MSCI Golden Dragon Net
(%)
8.14
5.90
4.54
4.49
4.33
3.42
3.21
2.98
2.90
2.74
Schroder Greater China Fund
Sector Allocation (%)
Financials 26.1
Info. Technology 24.9
Consumer Discretionary 17.0
Industrials 9.5
Telecom. Services 6.7
Health Care 4.9
Materials 4.1
Energy 2.6
Others 3.0
Liquid Assets 1.2
Country Allocation (%)
China 61.4
Hong Kong 21.2
Taiwan 14.7
Australia 1.8
Others -0.3
Liquid Assets 1.2
Schroders Reg No 199201080H
Schroder Greater China Fund
© Morningstar 2015. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content
providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar
nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is
no guarantee of future results.
Past performance and any forecasts are not necessarily indicative of the future or likely performance of the Fund. The value of
units and the income from them may fall as well as rise. The Fund is subject to investment risks. Investors should read the
prospectus, obtainable from Schroder Investment Management (Singapore) Ltd or its distributors, before investing. The above is
for information only and without consideration given to the specific investment objective, financial situation and particular needs
of any specific person. You may wish to seek advice from a financial advisor before purchasing units of the Fund. In the event
that you choose not to seek advice from a financial advisor before investing in the Fund, you should consider whether the Fund
selected is suitable for you.
The CPF interest rate for the CPF-OA is based on the 12-month fixed deposit and month-end savings rates of the major local
banks. Under the CPF Act, the CPF Board pays a minimum interest rate of 2.5% per annum when this interest formula yields a
lower rate. The interest rate for the Special and Medisave Accounts (“SMA”) is pegged to the 12-month average yield of 10-year
Singapore Government Securities (10YSGS) plus 1%, or 4% whichever is the higher, adjusted quarterly. The interest rate to be
credited to the Retirement Account (“RA”) is the weighted average interest rate of the entire portfolio of Special Singapore
Government Securities (SSGS) the RA savings are invested in which earn a fixed coupon equal to the 12-month average yield of
the 10YSGS plus 1% at the point of issuance, or 4% whichever is the higher, adjusted yearly. As announced in September 2014,
the Singapore government will maintain the 4% p.a. minimum rate for interest earned on all SMA and RA monies until 31
December 2015. Thereafter, interest rates on all CPF account monies will be subject to a minimum rate of 2.5% p.a.. In addition,
the CPF Board will pay an extra interest rate of 1% per annum on the first S$60,000.00 of a CPF member’s combined balances,
including up to S$20,000.00 in the CPF-OA. The first S$20,000 in the CPF-OA and the first S$40,000 in the CPF-SA are not
allowed to be invested under the CPFIS. Investors should note that the applicable interest rates for each of the CPF accounts
may be varied by the CPF Board from time to time.
Liquid Assets contain cash, deposits and money market instruments with maturities of up to 397 days, which are respectively not
part of the core investment objective and policy. The commitment linked to the equity index futures contracts, if present, is
deducted from cash.
Schroders Reg No 199201080H