Schroders PAYS ETF (Cboe:PAYS)

Schroders Absolute Return Income Fund (Individual)

Global

About the PAYS ETF

Schroder Absolute Return Income (Managed Fund) (PAYS) is an actively managed exchange traded fund (ETF) seeking to boost income while preserving capital. This actively managed fixed income strategy has a track-record of meeting investor needs for reliable monthly income, while providing peace of mind that there is a strong focus on managing risk, should markets fall.

PAYS ETF Performance Review

5.8

1.56

1.93

5.15

Data Current To: 31/12/2023

Our review of PAYS ETF

Global fund

Average credit quality of A

Listed on Cboe

Targets 3% pa monthly distribution rate

Exposed to interest rate risk with 67% of the portfolio invested in fixed rate bonds as at 31 December 2023

Includes an allocation to sub investment grade bonds

What we like about the PAYS ETF

Actively managed

Discloses fixed, floating rate and other percentages

Provides a complete list of all the underlying investments

Majority of investments are Australian with 41.5% in other markets as at 31 December 2023

Things to be aware of about the PAYS ETF

Only provides quarterly reports, although they are detailed accounts

Does not disclose running yield

PAYS ETF Investment Strategy

To outperform the RBA Cash Rate after fees over the medium term while aiming to avoid negative returns over any rolling 12-month period.

PAYS ETF Share Price

What does the PAYS ETF Invest In?

PAYS is a Multi Sector ETF.

The Schroder Absolute Return Income fund can invest across the broad fixed income universe as well as currencies, to seek out returns and income opportunities, whilst focusing on protecting investor capital.

PAYS ETF Credit Quality

The average credit quality of the PAYS ETF is A.

A detailed breakdown of the credit quality is expressed below.

PAYS Frequently Asked Questions

What index does the PAYS ETF aim to replicate?

The PAYS ETF aims to replicate the RBA Cash Rate.

How often does PAYS ETF pay distributions?

The distribution frequency of PAYS is Monthly.

When did the PAYS ETF start?

The inception date of the PAYS ETF was 19/11/2019.

What are the net assets of the PAYS ETF?

PAYS has net assets of $52.2m (AUD) as of 31/12/2023.

What are the number of holdings in the PAYS ETF?

Total number of holdings in PAYS is 2460 as of 31/12/2023.

What are the management fees for the PAYS ETF?

The annual management fees for the PAYS ETF are 0.54% p.a. Learn more about ETF fees in this article.

How can I invest in the PAYS ETF?

PAYS is an Exchange Traded Fund, and units may be bought or sold on the Cboe like shares. Learn how to buy and sell ETFs in this article.

Does the PAYS ETF have a minimum investment amount?

No, there is no minimum to invest in the Schroders PAYS ETF. Exchange Traded Funds in general do not have a minimum investment amount required by the issuer. However, if you choose to invest through a broker, they may choose to set their own minimum investment amount.

Are there any performance fees associated with the PAYS ETF?

No, PAYS has no performance fee. This is one of the advantages of Exchange Traded Funds, as they are traded like shares, you’ll generally only pay a commission to buy or sell units and an ongoing management fee.

PAYS ETF News

Five ETF Investment Themes To Diversify Your Portfolio (November 30th, 2021)

About The Issuer Of The PAYS ETF: Schroders

Established in 1961, Schroders in Australia is a wholly owned subsidiary of UK-listed Schroders plc. Based in Sydney, the business manages assets for institutional and wholesale clients across Australian equities, fixed income and multi-asset and global equities.

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