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Schroder U.S. Small and Mid Cap Opportunities Fund - Advisor Shares
Investment Objective
Schroder U.S. Small and Mid Cap Opportunities Fund seeks capital appreciation by investing primarily in equity securities of small and mid cap companies in the United States.
Principal Investment Strategies
The Fund invests primarily in companies in the United States (determined as described below) that the Fund’s Advisor considers to be small or mid cap companies. In selecting investments for the Fund, the Fund’s Advisor seeks to identify securities of companies that it believes offer the potential for capital appreciation, based on novel, superior, or niche products or services, operating characteristics, quality of management, an entrepreneurial management team, their having gone public in recent years, opportunities provided by mergers, divestitures, new management, or other factors. These factors generally apply to all investments made by the Fund, including initial public offerings, although the Fund may also invest in certain initial public offerings that the portfolio manager believes will be in high demand. The Fund may sell a security when the Fund’s Advisor believes it is fully priced or when investments become available that it believes are more attractive.
The Fund normally invests at least 80% of its net assets in companies considered by the Fund’s Advisor at the time to be small or mid cap companies located in the United States. The Fund’s Advisor currently considers a company to be a small or mid cap company if the company has a market capitalization (at the time of purchase) of between $1 billion and $7 billion. The Fund may also invest in equity securities of micro-cap companies or larger companies, if the Fund’s Advisor believes they offer the potential for capital appreciation. The Fund invests in common and preferred stocks, convertible preferred stocks, warrants to purchase common and preferred stocks, and REITs. The Fund may purchase securities on securities exchanges as well as over-the-counter, and may also purchase securities offered in initial public offerings. The Fund may use options for hedging purposes, or to gain exposure to securities or market sectors as a substitute for cash investments (not for leverage) or pending the sale of securities by the Fund and reinvestment of the proceeds. Any use of derivatives strategies entails the risks of investing directly in the securities or instruments underlying the derivatives strategies, as well as the risks of using derivatives generally, described in this Prospectus and in the SAI.
The Fund’s Advisor will consider an issuer located in the United States if it is organized under the laws of the United States or any state of the United States and is principally traded in the United States, or is domiciled or has its principal place of business located in the United States and is principally traded in the United States, or if the Fund’s Advisor determines that the issuer has more than 50% of its assets in or derives more than 50% of its revenues from the United States.
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Management
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Jenny B. Jones
Schroder U.S. Opportunities Fund - Since 2003
Ms. Jones is the Head of U.S. Small and Mid Cap Equities of Schroders. She has been an employee of Schroders since 2003. Formerly, portfolio manager and Executive Director, Morgan Stanley Investment Advisors Inc. |
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| Fund Facts |
| As of Jul 2, 2009 |
| Ticker Symbol | |
SMDVX |
| CUSIP | |
80809R105 |
| Inception Date | |
Mar 31, 2006 |
| Fund Assets1 | |
$26.13 million |
| Minimum Investment | |
$2,500 |
| Min. Subsequent Inv | |
$1,000 |
| Load | |
NONE |
| Expense Ratio2,3 | |
1.30% |
| Distribution Fee | |
0.25% |
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| Daily Performance |
| As of Jul 2, 2009 |
| Share Price/NAV |
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$8.21 |
| Change |
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-$0.23 |
Monthly Performance Quarterly Performance
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1 Represents all share classes.
2 The Net Expenses shown for the Fund reflects the effect of contractually imposed fee waivers and/or expense limitations, in effect through February 28, 2010. Please see the prospectus for further details.
3 As of the most recent Annual/Semi-Annual report. The net expense presented includes the effect of custody offsets.
Schroder U.S. Small and Mid Cap Opportunities 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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