Schroder Recovery – BUY

This fund no longer appears in the Selection due to the change of management, but it maintains a Buy rating.

Introduction to the fund

Veteran manager Nick Kirrage has departed Schroders after more than 20 years, leaving behind a strong legacy in shaping the firm’s value approach and a record of excellent long-term performance. Simon Adler, a long-standing member of the team, has been appointed head of value equities, while Tom Grady and other experienced managers continue to support the UK and global portfolios. The team remains well-structured and resourced, despite Kirrage’s departure, which, combined with the fact that the robust investment process will be unchanged, gives us the confidence to maintain the fund’s Buy rating.

Fund manager

Tom Grady, Andrew Lyddon

Following a reshuffle of responsibilities within the Value Team at Schroders, Andrew Lyddon became co-manager of the fund in 2022. Kevin Murphy left at the end of 2024, after running the fund since 2006. Andrew was joined by Tom Grady in June 2025.

Andrew has 16 years of investment experience. He joined Schroders in 2005 as a graduate and has primarily worked within the UK equities team. From 2006 to 2010, he was a research analyst focusing on UK construction, business services, and telecom sectors. In mid-2010, he joined the UK value team.

Tom joined the Schroders UK equity team in 2015 as a generalist research analyst.His finance career started in forensic accountancy for a leading accountancy firm. His investment career commenced in 2012 as sell-side, small-cap, global technology analyst. He is a CFA Charterholder and holds a degree in Engineering from the University of Southampton.

Fund performance

Documents

Key facts

  • Chelsea rating

    Buy

  • Core Selection

    No

  • Chelsea Risk Rating

    7.5

  • AMC

    0.91%

  • OCF

    0.91%

  • Unit Type

    Acc and Inc

  • Yield

    2.7%

  • FundCalibre rating

    Elite Rated

How to invest

Once you know where you want to invest, there are a number of ways you can invest:

  • Log in here and process your instruction
  • Call us on 020 7384 7300 to buy over the phone or request an application form
  • Download an application form and post it to us, along with a cheque
Find out more
Information icon

Important information

Source: Performance data sourced from FE Analytics (IA universe). Yield figures (per annum), Fund Size data and AMCs/OCFs are as at 23/01/2026 unless otherwise stated.

The performance graph, factsheets and Key Investor Information Document is provided by FEfundinfo, and updated on a daily basis.

Some funds listed are off shore-domiciled and subject to different regulations. Off shore funds typically do not offer investor compensation under the UK Financial Services Compensation Scheme (FSCS).

Performance history extended by FE fundinfo to illustrate the fund’s longer-term record.

Sector rankings calculated from multiple underlying sectors; certain funds remain unranked due to limited comparability.

Funds assigned to an alternative IA sector; sector rankings may differ accordingly.

The information provided is based on our proprietary qualitative and quantitative research. Whilst reasonable efforts have been taken to ensure accuracy, Chelsea Financial Services cannot guarantee that the information is free from errors, omissions, or inaccuracies.

This information does not constitute investment advice and should not be interpreted as a recommendation to invest in any fund listed. Past performance is not a reliable indicator of future returns.

Please read the full Important Notice on page 2 of the FundReview 2025 carefully before making investment decisions.

Whilst every effort has been made to ensure the accuracy of this information, Chelsea Financial Services takes no responsibility for any errors, omissions or inaccuracies contained therein. The funds within the Chelsea Selection are based on our proprietary research, which is both qualitative and quantitative. Please note this is not investment advice, nor does it imply that you should invest in this fund. Past performance is a not a guide to future returns.

To find out more about our Chelsea Risk Rating, please visit our dedicated page.

The AMC (annual management charge) is paid to the fund management company for managing the fund. It is calculated as a percentage of the value of the fund. The AMC is less than the Ongoing Charges Figure (OCF).

The OCF (ongoing charges figure): The cost includes the AMC and other fees such as registration, regulatory, audit and legal fees but does not include transaction costs and performance fees.