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Objective
Seeks long-term capital appreciation.
Overview
A highly diversified international equity fund with a focus on value companies of high quality.
Portfolio Management
Portfolio Manager
11
YRS
MANAGING THIS FUND
19
YRS
AT SCHRODERS
23
YRS
EXPERIENCE IN THIS INDUSTRY
Portfolio Manager
4
YRS
MANAGING THIS FUND
18
YRS
AT SCHRODERS
32
YRS
EXPERIENCE IN THIS INDUSTRY
Portfolio Manager
1
YRS
MANAGING THIS FUND
5
YRS
AT SCHRODERS
17
YRS
EXPERIENCE IN THIS INDUSTRY
The portfolio managers are supported by the full resources of Schroders.
Performance
PERFORMANCE %
Performance data quoted represents past performance and does not guarantee future results. The 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.
SI = Since Inception.
Fund Inception: 08/30/2006
Share Class Inception: 2/28/17.
Class F-shares performance prior to 2/28/17 reflects the performance and operating expenses of Class I-shares, and prior to 10/24/16, the performance and operating expenses of the Investor Class of the predecessor fund, Schroder International Multi-Cap Value Fund. Performance for Class F-shares prior to its inception date would have differed if Class F- operating expenses had been reflected. Since Inception (SI) performance is calculated from 8/30/06.
The Fund’s Class F shares have not been in operation for 10 years. Therefore, the Calendar Year Returns (F Shares) chart includes performance and operating expenses of another class. For more information, see the prospectus.
Characteristics
FUND STATS
| # of Holdings | 506 |
| Turnover- (9/30/2022) | 97% |
| Active Share | 81% |
Holdings Characteristics
| FUND | MSCI ACWI ex USA Index | |
|---|---|---|
| Price/Earnings | 7.6x | 10.7x |
| Price/Book | 1.2x | 1.6x |
| Asset Weighted Market Cap (billions) | $45.2 | $69.3 |
| Median Market Cap (billions) | $4.5 | $7.4 |
| Return on Equity | 13.1% | 14.0% |
Regional Exposure (%)
Top Ten Holdings (%)
| Shell plc | 1.48 |
| AstraZeneca plc | 1.34 |
| Novartis AG | 1.31 |
| Sanofi | 1.31 |
| Ono Pharmaceutical Co., Ltd. | 1.26 |
| Equinor ASA | 1.25 |
| KDDI Corp. | 1.22 |
| Koninklijke KPN N.V. | 1.20 |
| Reckitt Benckiser Group plc | 1.16 |
| Astellas Pharma, Inc. | 1.14 |
| Total Portfolio % | 12.67 |
Market Cap Distribution (%)
| Less than $1 billion | 3 | |
| $1 billion - $5 billion | 16 | |
| $5 billion - $20 billion | 33 | |
| Greater than $20 billion | 48 | |
| Not Classified | 0 | |
RETURN CHARACTERISTICS
|
Alpha (5 Year)
|
-0.17 |
|
Down Capture (5 Year)
|
105.28 |
|
Information Ratio (5 Year)
|
-0.09 |
|
Sharpe Ratio (5 Year)
|
-0.04 |
|
Up Capture (5 Year)
|
103.69 |
Sector Exposure (%)
FUND |
BENCHMARK | UNDERWEIGHT / OVERWEIGHT | |||||
|---|---|---|---|---|---|---|---|
| 9/30/22 | 10/31/22 | 10/31/22 | -7 0 7 | ||||
| Communication Services | 13 | 13 | 6 | ||||
| Energy | 11 | 12 | 7 | ||||
| Utilities | 4 | 4 | 3 | ||||
| Financials | 21 | 21 | 21 | ||||
| Health Care | 10 | 10 | 10 | ||||
| Consumer Discretionary | 10 | 10 | 11 | ||||
| Materials | 9 | 7 | 8 | ||||
| Real Estate | 1 | 1 | 2 | ||||
| Consumer Staples | 4 | 6 | 9 | ||||
| Information Technology | 7 | 7 | 11 | ||||
| Industrials | 7 | 7 | 13 | ||||
Based on Global Industry Classification Standard (GICS), which was developed by and is the exclusive property and a service mark of MSCI Inc. (MSCI) and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. (S&P). Excludes cash. May not total to 100% due to rounding and/or pooled vehicle allocations.
distributions and capital gains
| Distribution Date | Distribution NAV | ordinary income | short term capital gains | long term capital gains | total distribution |
|---|---|---|---|---|---|
| 9/29/2022 | 7.87 | $0.0572 | $0.0000 | $0.0000 | $0.0572 |
| 6/29/2022 | 9.01 | $0.0980 | $0.0000 | $0.0000 | $0.0980 |
| 3/30/2022 | 10.23 | $0.0495 | $0.0000 | $0.0000 | $0.0495 |
| 12/30/2021 | 10.28 | $0.1185 | $0.0000 | $0.0000 | $0.1185 |
| 12/13/2021 | 10.23 | $0.0000 | $0.0000 | $0.0000 | $0.0000 |
Past distributions are not indicative of future distributions.
Insights
Fund Literature
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
09/30/2022 - PDF (218 KB)
This flyer highlights the key attributes of a highly diversified, multi-cap value approach that investors should consider when selecting an international equity strategy.
09/30/2022 - PDF (366 KB)
Current quarterly commentary from sub-adviser, Schroders, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
PDF (147 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
09/30/2022 - PDF (761 KB)
This Pitchbook reviews the Fund's investment approach, investment team, investment process, portfolio statistics, top holdings, and the current performance.
PDF (4 KB)
An unaudited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
PDF (13 KB)
A legal document that discloses essential information about a fund, including investment objectives, risks, fees, expenses, fund manager background and other information.
PDF (4 KB)
An audited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
Important Risks: Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political, economic and regulatory developments. These risks may be greater, and include additional risks, for investments in emerging markets or if the Fund focuses in a particular geographic region or country. • Small- and mid-cap securities can have greater risks and volatility than large-cap securities. • Different investment styles may go in and out of favor, which may cause the Fund to underperform the broader stock market. • Integration of environmental, social, and/or governance (ESG) characteristics into the investment process may not work as intended. • The exclusion of certain issuers for reasons other than performance may negatively impact the Fund's performance. • The Fund may have high portfolio turnover, which could increase its transaction costs and an investor's tax liability.
Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any of such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI's express written consent.
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