Schroder International Alpha Fund
| Investor Shares | Advisor Shares | |
|---|---|---|
| Ticker Symbol | SCIEX | SCVEX |
| CUSIP | 808088207 | 808088710 |
| Inception Date | 12/19/1985 | 5/15/2006 |
| Fund Assets | $19.77 million | $33.93 million |
Investment Objective
Schroder International Alpha Fund seeks long-term capital appreciation through investment in securities markets outside the United States.
Fund Overview
- Investment style uses a bottom-up, growth-oriented strategy for stock evaluation
- Fundamental, research-driven approach to identify quality growth companies with:
- Attractive medium-term growth and valuation
- Quality management and financial position
- Sustainable competitive advantage
- Concentrated, "best-ideas" portfolio typically composed of 40 - 60 stocks blending core and opportunistic holdings
Management Team
- Team led by Virginie Maisonneuve
- Over 20 years investment experience managing international equities
- Joined Schroders in 2004 as head of Global and International Equity team
- Dedicated team of 10 investment professionals averaging 15 years investment experience, based in London
- Global sector specialists utilize Schroders' proprietary research platform to identify best ideas from around the world
- Partner with more than 70 locally based Schroders research analysts in 11 countries
Management
Virginie Maisonneuve, CFA
Schroder International Alpha Fund - Since 2005
Ms. Maisonneuve is Head of Schroders' Global and Europe, Australasia, Far East (EAFE) Team. She has been an employee of SIMNA Ltd. since 2004. Formerly, Co-Chief Investment Officer and Director, Clay Finlay.
Simon Webber, CFA
Schroder International Alpha Fund - Since March 2010
Mr. Webber is a Portfolio Manager and Global Sector Specialist at SIMNA Ltd. He has been an employee of SIMLA Ltd. Since 1999.
Fund Facts (As of March 1, 2010)
| Investor Shares | Advisor Shares | |
|---|---|---|
| Minimum Investment | $250,000 | $2,500 |
| Min. Subsequent Inv | $1,000 | $1,000 |
| Load | NONE | NONE |
| Distribution Fee | NONE | 0.25% |
| Total Annual Fund Operating Expenses | 1.765 | 1.995 |
| Less: Expense Reimbursement1 | (0.605) | (0.585) |
| Net Annual Fund Operating Expenses2 | 1.160 | 1.410 |
Daily Price (As of July 29, 2010)
| Investor Shares | Advisor Shares | |
|---|---|---|
| Share Price/NAV | $9.32 | $9.30 |
| Change | +$0.02 | +$0.02 |
- 1 In order to limit the expenses, the Fund’s adviser has contractually agreed through February 28, 2011 to pay or reimburse the Fund to the extent that Total Annual Fund Operating Expenses (other than Acquired Fund Fees and Expenses, other indirect acquired fund expenses, interest, taxes, and extraordinary expenses) for the Fund’s Investor Shares exceed 1.15% of Investor Shares’ average daily net assets and for the Fund’s Advisor Shares exceed 1.40% of Advisor Shares’ average daily net assets. The expense limitation may only be terminated during its term by the Board of Trustees.
- 2“Net Annual Fund Operating Expenses” shown above include expenses incurred indirectly by the Fund (e.g., indirect Other Expenses and/or Acquired Fund Fees and Expenses), and thus may be higher than the Ratio of Expenses to Average Net Assets included in the “Financial Highlights” section of the full prospectus. If only the operating expenses of the Fund were included in Net Annual Fund Operating Expenses, and not the indirect expenses incurred by the Fund, the Net Annual Fund Operating Expenses would be 1.15% for Investor Shares and 1.40% for Advisor Shares.
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. Performance data does not reflect a 2.00% redemption fee on shares redeemed two months or less from their original date of purchase. If this fee were reflected, one month performance for these funds would be lower than that shown. Current performance may be lower or higher than the data quoted.
For performance data current to the most recent month end, please click the following link: performance. Please consider a fund's investment objectives, risks, charges and expenses carefully before investing. For access to the prospectus, please click the following link: prospectuses. To obtain any further information on any Schroders fund, please read the prospectus, call your financial advisor or call Schroder Mutual Funds at (800) 464-3108 for Individual Investors or (800) 730-2932 for Intermediaries/Financial Consultants. Read the prospectus carefully before investing.
All investments, domestic and foreign, involve risks including the risk of possible loss of principal. The market value of a fund's portfolio may decline as a result of a number of factors, including adverse economic and market conditions, prospects of stocks in the portfolio, changing interest rates, and real or perceived adverse competitive industry conditions. Investing overseas involves special risks including among others, risks related to political or economic instability, foreign currency (such as exchange, valuation, and fluctuation) risk, market entry or exit restrictions, illiquidity and taxation. Emerging markets pose greater risks than investments in developed markets.
Please see the prospectus for a full description of the risks associated with the fund.