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Schroder North American Equity Fund - Advisor Shares
Investment Objective
Schroder North American Equity Fund seeks capital growth by investing primarily in equity securities of companies in the United States.
Principal Investment Strategies
The Fund invests principally in equity securities of companies in the United States. The Fund may invest in common and preferred stocks, convertible preferred stocks, and warrants to purchase common and preferred stocks.
The Fund’s sub-Advisor is responsible for day-to-day portfolio management. It uses a proprietary quantitative investment analysis that evaluates market and economic sectors, companies, and stocks on the basis of long-term historical data. The Fund’s sub-Advisor uses that analysis to construct a highly diversified portfolio of stocks. In addition, the Fund’s sub-Advisor attempts to identify anticipated short-term deviations from longer-term historical trends and cycles, and may adjust the Fund’s portfolio to take advantage of those deviations.
The Fund’s investment portfolio, including the number of companies represented in the portfolio and the sector weightings of the portfolio, will change as the Fund’s sub-Advisor’s evaluation of economic and market factors, as well as factors affecting individual companies, changes.
The Fund will invest in a well diversified portfolio of companies of any size that its sub-Advisor judges to be attractive compared to the overall market. The Fund’s portfolio may include large, well known companies, as well as smaller, less closely followed companies, including micro-cap companies. The Fund generally sells securities when the Fund’s sub-Advisor believes they are fully priced or when significantly more attractive investment candidates become available.
The Fund may purchase or sell futures contracts and options, in order to gain exposure to particular securities or markets, in connection with hedging transactions, or otherwise to increase total return. The Fund may also invest in closed-end investment companies and in exchange-traded mutual funds (‘‘ETFs’’) (open-end investment companies whose shares may be bought or sold by investors in transactions on major stock exchanges).
The Fund normally invests at least 80% of its net assets in equity securities of companies organized and principally traded in, or with their principal places of business and principally traded in, North America. The Fund may use derivatives for purposes of complying with this test. An investment in a U.S. closed-end fund or ETF that has a policy that it will normally invest at least 80% of its net assets in equity securities of North American companies, and has ‘‘North America’’ or the equivalent in its name, or foreign funds with similar investment policies, will be treated as an investment in equity securities of North American companies for purposes of determining if the Fund has invested at least 80% of its net assets in such securities. The Fund considers North America to consist of the United States and Canada.
The Fund’s sub-Advisor may trade the Fund’s portfolio securities more frequently than many other mutual funds. Frequent trading of the Fund’s portfolio securities will result in relatively high transaction costs and may result in taxable capital gains.
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Management
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Justin Abercrombie
Schroder North American Equity Fund - Since Inception (September 2003)
Mr. Abercrombie is the Lead Portfolio Manager and Head of QEP, SIMNA Ltd. He has been an employee of Schroders since 1996. Formerly, founding member of QEP, SIMNA Ltd. |
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John Marsland, CFA
Schroder North American Equity Fund - Since May 2006
Mr. Marsland is a Senior Portfolio Manager and Quantitative Analyst, SIMNA Ltd. He has been an employee of SIMNA Ltd. since May 2006. Formerly, Quantitative Fund Manager, WMG Advisors LLP from January 2005 to April 2006, Head of Risk Advisory, Commerzbank Securities from 2000 to November 2004. |
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| Fund Facts |
| As of Jul 2, 2009 |
| Ticker Symbol | |
SNAVX |
| CUSIP | |
808089205 |
| Inception Date | |
Mar 31, 2006 |
| Fund Assets1 | |
$358.82 million |
| Minimum Investment | |
$2,500 |
| Min. Subsequent Inv | |
$1,000 |
| Load | |
NONE |
| Expense Ratio2 | |
0.68% |
| Distribution Fee | |
0.35% |
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| Daily Performance |
| As of Jul 2, 2009 |
| Share Price/NAV |
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$6.96 |
| Change |
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-$0.20 |
Monthly Performance Quarterly Performance
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1 Represents all share classes.
2 As of the most recent Annual/Semi-Annual report.
Schroder North American Equity Fund also offers Investor Shares. The following link, Investor Shares, provides a description of the Investor Shares, including related expense information.
Performance data quoted represents past performance. Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.
Current performance may be lower or higher than the performance data quoted.
For performance data current to the most recent month end and to access Fund prospectuses, which contain this and other information, click the following link for prospectuses. To obtain further information, please call Schroder Mutual Funds at 800-464-3108 for Individual Investors or 800-730-2932 for Intermediaries/Financial Consultants. Read the prospectus for a Fund and carefully consider the Fund's investment objectives, risks and charges and expenses before investing.
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