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Objective
Seeks capital appreciation.
Overview
A small-cap fund that seeks companies with compelling business models, strong management teams, and attractive valuation levels.
Portfolio Management
Portfolio Manager
6
YRS
MANAGING THIS FUND
11
YRS
AT SCHRODERS
30
YRS
EXPERIENCE IN THIS INDUSTRY
Portfolio Manager
1
YRS
MANAGING THIS FUND
11
YRS
AT SCHRODERS
23
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: 08/06/1993
Share Class Inception: 10/24/16.
Performance prior to 10/24/16 for Class R5-shares reflects the performance, fees, and expenses of the Investor Class of the predecessor fund Schroder U.S. Opportunities Fund. If Class R5 fees and expenses were reflected, performance would have differed. SI performance is calculated from 8/6/93.
The Fund’s Class R5 shares have not been in operation for 10 years. Therefore, the Calendar Year Returns (R5 Shares) chart includes performance and operating expenses of another class. For more information, see the prospectus.
Characteristics
FUND STATS
| # of Holdings | 83 |
|---|---|
| Beta (3 year) | 0.89 |
| R Squared (3 year) | 0.94 |
| Turnover | 42% |
| Active Share | 94% |
| % in Equities | 96 |
Holdings Characteristics
| FUND | Russell 2000 Index | |
|---|---|---|
| Price/Earnings | 17.9x | 26.2x |
| Price/Book | 3.4x | 4.0x |
| Asset Weighted Market Cap (billions) | $4.2 | $3.5 |
| Return on Equity | 6.3% | 3.3% |
| Median Market Cap (billions) | $3.4 | $1.0 |
Top Ten Holdings (%)
| ICU Medical, Inc. | 2.95 |
| Kemper Corp. | 2.26 |
| Box, Inc. | 2.08 |
| Lumentum Holdings, Inc. | 2.01 |
| ESCO Technologies, Inc. | 1.93 |
| Cavco Industries, Inc. | 1.81 |
| LiveRamp Holdings, Inc. | 1.77 |
| Hexcel Corp. | 1.65 |
| Perella Weinberg Partners | 1.64 |
| Element Solutions, Inc. | 1.64 |
| Total Portfolio % | 19.74 |
Market Cap Distribution (%)
| Less than $2 billion | 25 | |
| $2 billion - $5 billion | 47 | |
| $5 billion - $10 billion | 24 | |
| Greater than $10 billion | 4 | |
| Not Classified | 0 | |
RETURN CHARACTERISTICS
|
Alpha (5 Year)
|
-1.07 |
|
Down Capture (5 Year)
|
93.54 |
|
Information Ratio (5 Year)
|
-0.30 |
|
Sharpe Ratio (5 Year)
|
0.33 |
|
Up Capture (5 Year)
|
90.33 |
Sector Exposure (%)
FUND |
BENCHMARK | UNDERWEIGHT / OVERWEIGHT | |||||
|---|---|---|---|---|---|---|---|
| 6/30/24 | 9/30/24 | 9/30/24 | -5 0 5 | ||||
| Industrials | 22 | 23 | 19 | ||||
| Telecommunications | 6 | 6 | 2 | ||||
| Cash | 2 | 4 | 0 | ||||
| Basic Materials | 8 | 6 | 4 | ||||
| Financials | 16 | 18 | 17 | ||||
| Consumer Discretionary | 10 | 12 | 12 | ||||
| Utilities | 3 | 3 | 3 | ||||
| Consumer Staples | 2 | 3 | 3 | ||||
| Technology | 10 | 8 | 10 | ||||
| Energy | 3 | 3 | 5 | ||||
| Real Estate | 3 | 4 | 7 | ||||
| Health Care | 14 | 12 | 17 | ||||
Based on the Russell Global Sectors classification (RGS) system. May not total to 100% due to rounding.
Past distributions are not indicative of future distributions.
Fund Literature
09/30/2024 - PDF (170 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
06/30/2024 - PDF (466 KB)
This flyer highlights the Fund's unique approach in selecting small-cap companies.
06/30/2024 - PDF (290 KB)
Current quarterly commentary from sub-adviser, Schroders, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
06/30/2024 - PDF (172 KB)
Attribution analysis is a method for evaluating the performance of a portfolio compared to the benchmark.
06/30/2024 - PDF (172 KB)
Attribution analysis is a method for evaluating the performance of a portfolio compared to the benchmark.
PDF (161 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision
06/30/2024 - PDF (571 KB)
This Pitchbook reviews the Fund's investment approach, investment team, investment process, and general portfolio parameters.
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.
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. • Small-cap securities can have greater risks, including liquidity risk, and volatility than large-cap securities. • To the extent the Fund focuses on one or more sectors, the Fund may be subject to increased volatility and risk of loss if adverse developments occur. • The Fund's investments may fluctuate in value over a short period of time. • Financially material environmental, social and/or governance (ESG) characteristics are one of several factors that may be considered and as a result, the investment process may not work as intended.
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