Morningstar will cease qualitative research coverage of Schroder ISF Global Multi-Asset Income fund on or about Nov. 24, 2021, in order to reallocate our analysts to research other strategies. At that time, the last Morningstar Analyst Rating and this research will be removed. After that date, please discontinue using the research report or former research reports issued by Morningstar on this fund. We recommend users form their own views on this fund or obtain financial advice. |
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Weakness in Schroder ISF Glbl MA Inc B Acc EUR H's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.
The strategy gets a Low Process Pillar rating. Independent of the rating, analysis of the strategy's portfolio shows it has maintained a significant underweight position in the Europe-Developed region and the healthcare sector compared with category peers. The strategy benefits from its portfolio management team's experience. Despite this, other weaknesses drive the strategy's Below Average People Pillar rating. The strategy's parent organization earns the firm an Above Average Parent Pillar rating, and this rating is inherited from vehicles belonging to the same branding entity and is indirectly assigned by an analyst. |
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