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June 2017
All data expressed as at 31 May 2017
www.schroders.co.uk
Schroder Unit Trusts Limited
MM Diversity Tactical Fund
Z Accumulation Unit
Investment Objective and Policy
Fund Launch Date
22 May 2002
The fund aims to provide capital growth and income.
Total Fund Size (Million)
GBP 217.9
The fund invests in a diversified multi-asset portfolio of funds that invest in shares and bonds of companies in the
UK and worldwide, government bonds and other fixed income securities. The fund may also invest directly in
shares, bonds and money market instruments and hold cash and foreign currency on deposit. The fund may gain
exposure to alternative asset classes including real estate, commodities, hedge funds, structured products and
private equity.Investments are selected after rigorous assessment of each underlying fund's portfolio, its fund
manager's style and how investments are made over the economic cycle.The fund may invest in any economic
sector.Derivatives may be used to reduce risk or manage the fund more efficiently.
Unit Price End of Month (GBP)
123.00 GBX
Total number of holdings
17
Performance Analysis
Sector Average
InvAssoc Flexible Investment
1
month
3
months
6
months
YTD
1 year
3 years
5 years
10 years
Fund
1.7
0.8
5.0
2.0
16.5
23.6
66.0
59.3
Sector Average
2.5
3.2
9.2
6.6
21.4
28.0
62.6
57.2
Performance (%)
Fund Manager
Marcus Brookes & Robin McDonald
Discrete Yearly
Performance (%)
Managed fund since
24 October 2007
Historic Yield
0.23 %
Q1/2016 Q1/2017
Q1/2015 Q1/2016
Q1/2014 Q1/2015
Q1/2013 Q1/2014
Q1/2012 Q1/2013
Fund
16.7
Sector Average
19.2
-3.5
9.5
7.8
17.3
-4.1
11.3
4.6
12.5
Performance over 5 years (%)
70.0
Essential Statistics over 3 years
60.0
Fund
Annual Volatility (%)
7.1
---
Sharpe Ratio
1.0
---
The above ratios are based on bid to bid price
based performance data.
50.0
40.0
30.0
20.0
10.0
0.0
May 2012
Feb 2013
Nov 2013
Jul 2014
Mar 2015
Dec 2015
Sep 2016
Fund
Sector Average
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.
The fund is not managed with reference to a benchmark but its performance may be measured against one or
more.
Some performance differences between the fund and the sector average 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.
On 24/03/2014, the Fund, previously named Cazenove Multi-Manager Diversity Tactical Fund, changed its name
to Schroder Multi-Manager Diversity Tactical Fund. Prior to 24 March 2014 the fund uses the track record of
Cazenove Multi-Manager Diversity Tactical Fund (launched on 22 May 2002) as a performance track record.
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://SMMF-MM-Diversity-Tactical-Fund-Z-Acc-FMR-UKEN
Schroder Unit Trusts Limited
Holdings Analysis
MM Diversity Tactical Fund
Top 10 Holdings
% NAV
1. Schroder SSF Sterling Liquidity Plus
24.9
2. GLG Japan Core Alpha
15.0
3. Majedie Tortoise
9.6
4. GAM Global Diversified
9.0
5. Invesco European Equity
6.9
6. Sanditon European Fund
6.8
7. Majedie UK Focus
6.7
8. Morgan Stanley Diversified Alpha Plus
4.9
9. iShares Physical Gold ETC
2.3
10. Sanditon European Select
2.1
Total
Asset Allocation (%)
Asset Class
Currency
19.8
Alternatives
13.7
13.2
Global Equity
6.7
UK Equity
Asia Pacific ex-Japan/Emerging Market Equity
Fixed Interest
Cash
US Dollar
15.0
European Equity
99.9
UK Sterling
Source: Schroders
Japanese Equity
88.2
2.9
0.4
28.3
0.1
Schroder Unit Trusts Limited
Risk Considerations
Information
Schroder Unit Trusts Limited
31 Gresham Street
London
EC2V 7QA
Investor Services
Telephone: 0800 718 777
E-mail: [email protected]
MM Diversity Tactical Fund
Counterparty risk: The counterparty to a derivative or other contractual agreement or synthetic financial product
could become unable to honour its commitments to the fund, potentially creating a partial or total loss for the fund.
Counterparty risk / money market & deposit: A failure of a deposit institution or an issuer of a money market
instrument could create losses.
Credit risk: A decline in the financial health of an issuer could cause the value of its bonds to fall or become
worthless.
Currency risk: The fund can be exposed to different currencies. Changes in foreign exchange rates could create
losses.
Derivatives risk: A derivative may not perform as expected, and may create losses greater than the cost of the
derivative.
Equity risk: Equity prices fluctuate daily, based on many factors including general, economic, industry or company
news.
High yield bond risk: High yield bonds (normally lower rated or unrated) generally carry greater market, credit and
liquidity risk.
Interest rate risk: A rise in interest rates generally causes bond prices to fall.
Leverage risk: The fund uses derivatives for leverage, which makes it more sensitive to certain market or interest
rate movements and may cause above-average volatility and risk of loss.
Liquidity risk: In difficult market conditions, the fund may not be able to sell a security for full value or at all. This
could affect performance and could cause the fund to defer or suspend redemptions of its shares.
Operational risk: Failures at service providers could lead to disruptions of fund operations or losses.
SEDOL
Bloomberg
ISIN
Fund Base Currency
Dealing Frequency
Accumulation
B602F57
CAZMDXA:LN
GB00B602F577
GBP
Daily (12:00 GMT)
Ongoing Charges (latest
available)
1.35 %
Minimum Investment Amount
£1,000,000
Income
B602803
CAZMDXI:LN
GB00B6028039
Morningstar Ratings are sourced from Morningstar.
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-MM Diversity Tactical Fund-May-2017