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Schroder International Alpha Fund - Advisor Shares
Investment Objective
Schroder International Alpha Fund seeks long-term capital appreciation through investment in securities markets outside the United States.
Principal Investment Strategies
The Fund normally invests at least 65% of its total assets in equity securities of companies domiciled outside of the United States. The Fund will normally invest in securities of companies domiciled in at least three (and typically more) countries other than the United States. The Fund invests in a variety of equity securities, including common and preferred stocks, securities convertible into common and preferred stocks, and warrants to purchase common and preferred stocks.
The Fund normally invests a substantial portion of its assets in countries included in the Morgan Stanley Capital International EAFE Index, which is a market-weighted index of companies representative of the market structure of certain developed market countries in Europe, Australia, Asia and the Far East. The Fund expects typically to invest in forty to sixty companies at any one time.
The Fund invests in issuers that the Fund’s adviser believes offer the potential for capital growth. In identifying candidates for investment, the Fund’s adviser may consider the issuer’s likelihood of above average earnings growth, the securities’ attractive relative valuation, the quality of the securities and whether the issuer has any proprietary advantages. The Fund generally sells securities when the Fund’s adviser believes they are fully priced or when significantly more attractive investment candidates become available. The Fund may invest in companies of any market capitalization.
The Fund also may do the following:
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Invest in securities of issuers domiciled or doing business in "emerging market" countries.
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Invest in securities of closed-end investment companies that invest primarily in foreign securities. |
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Management
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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.
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Matthew Dobbs
Schroder International Alpha Fund - Since 2004
Mr. Dobbs is Head of Global Small Cap Equities at Schroders and is a member of the Global/EAFE team. He has been an employee of Schroders since 1981.
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| Fund Facts |
| As of Jul 2, 2009 |
| Ticker Symbol | |
SCVEX |
| CUSIP | |
808088710 |
| Inception Date | |
May 15, 2006 |
| Fund Assets1 | |
$48.98 million |
| Minimum Investment | |
$2500 |
| Min. Subsequent Inv | |
$1000 |
| Load | |
No Load |
| Expense Ratio2,3 | |
1.40% |
| Distribution Fee | |
0.25% |
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| Daily Performance |
| As of Jul 2, 2009 |
| Share Price/NAV |
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$7.59 |
| Change |
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-$0.22 |
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.
Schroder International Alpha 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.
Performance data does not reflect a 2.00% redemption fee on shares redeemed two months or less from their date of purchase, which applies to the Schroder International Alpha Fund, and Schroder U.S. Opportunities Fund; if this redemption fee were reflected, one-month performance for these funds would be lower than that shown. 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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