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 | $15.68 million | $34.19 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
- Two portfolio managers and seven global sector specialists dedicated to international growth companies; one product manager
- Global sector specialists centralized in London draw upon work of more than 60 locally based 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 11, 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 Operating Expenses1 | 1.61 | 1.86 |
| Less Fee Waivers and Expense Limitations2 | (0.46) | (0.46) |
| Total Net Expenses1 | 1.15 | 1.40 |
Daily Price (As of March 11, 2010)
| Investor Shares | Advisor Shares | |
|---|---|---|
| Share Price/NAV | $9.33 | $9.31 |
| Change | -$0.01 | -$0.01 |
- 1The amounts shown are those reported in the current prospectus. The "Net Expenses" shown reflect the effect of contractually imposed fee waivers and/or expense limitations on the Total Annual Fund Operating Expenses of the fund. For Advisor Shares, the amounts shown include the distribution (12b-1) fee of 0.25%.
- 2In order to limit the expenses of the Schroder International Alpha Fund, the fund's adviser has contractually agreed to reduce its compensation (and, if necessary, to pay other fund expenses) until February 28, 2010.
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.