Schroder Total Return Fixed Income Fund
| Investor Shares | Advisor Shares | |
|---|---|---|
| Ticker Symbol | SBBIX | SBBVX |
| CUSIP | 808090765 | 808090799 |
| Inception Date | 12/31/2004 | 12/31/2004 |
| Fund Assets | $191.25 million | $5.35 million |
Investment Objective
Schroder Total Return Fixed Income Fund seeks a high level of total return by investing in a portfolio of fixed income obligations. The Fund intends to maintain a dollar-weighted average portfolio duration of three to six years.
Fund Overview
- Seeks to maximize total return
- Invests actively across the full spectrum of fixed income asset classes and maturities
- Places strong focus on active sector rotation and security selection - supported by extensive proprietary research: fundamental, technical and quantitative
- Makes investment decisions on a relative-value basis, with the goal of taking advantage of opportunities across a wide range of market conditions
Management Team
- Team managed by Wes Sparks, Head of U.S. Taxable Fixed Income
- Wes sparks has 20 years of investment experience, joined Schroders in 2000
- Specialist portfolio managers in all U.S. market sectors (average 14 years experience)
- Strong team of career credit analysts (average 10 years experience)
- Global bond team of 100 including: 30+ portfolio managers and 25+ credit analysts
Wesley A. Sparks, CFA
Schroder Total Return Fixed Income Fund - Since Inception (December 2004)
Mr. Sparks is Head of U.S. Taxable Fixed Income. He has been an employee of Schroders since December 2000. Formerly, he was a portfolio manager at Aeltus Investment Management.
David Harris
Schroder Total Return Fixed Income Fund - Since Inception (December 2004)
Mr. Harris is a Fund Manager - U.S. Fixed Income at Schroders. He has been an employee of Schroders since November 1992.
Gregg Moore, CFA
Schroder Total Return Fixed Income Fund - Since Inception (December 2004)
Mr. Moore is a Fund Manager, Fixed Income at Schroders and has been an employee of Schroders since June 2001. Formerly, quantitative analyst at Aeltus Investment Management.
Ryan Mostafa, CFA
Schroder Total Return Fixed Income Fund - Since March 2010
Mr. Mostafa is Fund Manager, Fixed Income of Schroders and has been an employee of Schroders since 2005. Formerly, Portfolio Analytics/Risk Management Analyst with BlackRock.
Ed Fitzpatrick
Schroders Total Return Fixed Income Fund - Since 2006
Mr. Fitzpatrick is a Fund Manager, Fixed Income at Schroders. He has been an employee of Schroders since 2006. Formerly, he was a Vice President of Pershing LLC from 1999 to 2006.
Tony Hui
Schroders Total Return Fixed Income Fund - Since 2007
Mr. Hui is a Fund Manager, Fixed Income at Schroders. Formerly, a Trader at UBS from 2002 to 2007. He has been an employee of Schroders since 2007.
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 | 0.75 | 1.01 |
| Less: Expense Reimbursement1 | (0.32) | (0.33) |
| Net Annual Fund Operating Expenses2 | 0.43 | 0.68 |
Daily Price (As of July 29, 2010)
| Investor Shares | Advisor Shares | |
|---|---|---|
| Share Price/NAV | $10.33 | $10.34 |
| Change | +$0.00 | +$0.00 |
- 1In 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 0.40% of Investor Shares’ average daily net assets and for the Fund’s Advisor Shares exceed 0.65% 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 0.40% for Investor Shares and 0.65% 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. Current performance may be lower or higher than the performance 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 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 interest rate risk, credit risk, inflation/ deflation risk, mortgage and asset-backed securities risk, U.S. Government securities risk, foreign investment risk, currency risk, derivatives risk, leverage risk and liquidity risk. Frequent trading of the fund's portfolio may result in relatively high transaction costs and may result in taxable capital gains. During the most recent fiscal year, the Fund's portfolio turnover rate was 590% of the average value of its portfolio.