Schroders PLC · LSE:SDR
Schroders — UK Alpha Plus Tel Pres
9 slides from Schroders's investor presentation, Jul 14, 2006
Slide 1: Schroder UK Alpha Plus Fund
Schroders Schroder UK Alpha Plus Fund July 2006 Representing Schroders: Richard Buxton – Head of UK Equities For professional advisers only Not suitable for private customers 21194
Slide 2: Market Environment
1 Market Environment Market fears on inflation and rates ease Potential worries - US earnings disappointments, equity supply Valuations and profits outlook supportive Likely range-bound volatile trading Source: Schroders 21194
Slide 3: Recent Activity
2 Recent Activity Sold BAA, Sky Bought BT Added to Burberry, Wood Group 8% cash Source: Schroders 21194
Slide 4: Performance
3 Performance Schroder UK Alpha Plus Fund Since launch the fund has made a 1 mth (%) 6 mths (%) 3 yrs (%) Since launch (%) 1 yr (%) positive absolute return of 97%, outperforming the FTSE All Share Schroder UK Alpha Plus Fund 1.8 12.6 32.5 84.7 97.4 index by 46% FTSE All Share index 2.0 6.1 18.6 66.
Slide 5: Monthly Performance
4 Monthly Performance Schroder UK Alpha Plus Fund Performance Relative to FTSE All Share index Absolute Fund Performance % 10 % 15 Fund has added value against the 8 10 FTSE All Share index in 35/48 6 months since launch in July 2002 5 4 2 0 0 -5 -2 -10 -4 -6 -15 JASONDJFMAMJJASONDJFMAMJ JASONDJFMAM
Slide 6: Strong long-term performance
5 Schroder UK Alpha Plus Fund Strong long-term performance Absolute basis Relative basis Price indexed Price indexed 210 160 200 190 150 180 170 140 160 150 130 140 130 120 120 110 110 100 90 100 80 70 90 Jul-02 A pr-03 Feb-04 Nov-04 Sep-05 Jul-06 Jul-02 A pr-03 Feb-04 Nov-04 Sep-05 Jul-06 Schroder
Slide 7: Portfolio Construction
6 Portfolio Construction As at 30 June 2006 Top 10 Holdings Top 10 Active Overweights Stocks % Holding Sector Stocks % Load Difference Sector BP 7.1 Oil & Gas Charter 4.7 Industrials BG 5.9 Oil & Gas Drax 4.6 Utilities HSBC Holdings 4.9 Financials BG 4.4 Oil & Gas Drax 4.8 Utilities Xstrata 4.0 Basi
Slide 8: Current positioning
7 Schroder UK Alpha Plus Fund Current positioning Major sector weights as at 30 June 2006 Sector Fund w eight % Benchm ark w eight % Difference % Consum er Services 22.1 11.8 10.3 Industrials 10.3 6.9 3.4 Utilities 4.8 4.3 0.5 -0.5 Basic Materials 7.2 7.7 -0.9 Oil & Gas 15.8 16.7 -1.0 Technology 0.0
Slide 9: Important Information
8 Important Information For professional advisers only. This material is not suitable for private customers. Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them can go down as well as up and investors may not get back the a