Schroder US Mid Cap Fund Z Acc
Rated Fund 2016-2018. Takes a cautious approach for long term rewards
This fund was highly commended in the Best North America Fund category in Money Observer's 2017 awards, having won in 2014 and been runner-up in 2013. It has been managed by Jenny Jones since it was launched in 2005, and now has more than £2 billion in assets. Jones is head of Schroders' US small and mid cap equities team, based in New York. She invests at least 70 per cent of the fund's assets in medium-sized US companies, located in the bottom 40 per cent of the North American market by size at the time of purchase. The portfolio is well-diversified with more than 100 holdings.Working with a team of analysts who generate ideas for the fund, she takes a relatively cautious approach, so her fund tends to perform best in modestly rising or falling markets, rather than when markets are rising strongly. However, this approach also helps to boost her longer-term returns.Her investment approach targets three types of situations: first, 'mispriced growth stocks' (stocks where the market discounts an excessively poor environment and this is reflected in valuations); second, 'steady eddies' (strong companies that pay sustainable dividends), and third, 'turnarounds' (firms that have cut costs, rebuilt balance sheets and are in a prime position to outperform). The balance between the different types of opportunities varies according to market conditions. Jones has a flexible investment style, which enables her to respond to changing circumstances rapidly.
Narrative and ratings content all as of 01 January 2018.See all Money Observer rated funds
|Schroder ISF US Dollar Liqdty I Acc USD||3.53 %|
|Advance Auto Parts Inc||2.41 %|
|KAR Auction Services Inc||2.29 %|
|Hexcel Corp||1.60 %|
|Lennox International Inc||1.55 %|
|Fortune Brands Home & Security Inc||1.51 %|
|Dentsply Sirona Inc||1.39 %|
|ServiceMaster Global Holdings Inc||1.36 %|
|Reinsurance Group of America Inc||1.34 %|
|United States||98.74 %|
|Consumer Cyclical||19.26 %|
|Financial Services||18.60 %|
|Real Estate||6.21 %|
Jenny Jones is the Head of US Small and SMID Cap Equities at Schroders, which involves managing the US Small and SMID Cap Equities portfolios and leading the investment team. She joined Schroders in 2002 and is based in New York. Jenny was the Head of US Small Cap Equity at Schroders from 2002 to 2004, Jenny joined Schroders in 2002 as Head of US Small Cap Equity. Since joining Schroders, Jenny has built a strong team of six analysts who are solely dedicated to the Small and Smid Cap Strategies. She was the Manager of Morgan Stanley Special Value Fund at Morgan Stanley Investment Management from 1996 to 2002, which involved managing the Morgan Stanley Special Value Fund. She was the Head of the Small Cap Value Department at Oppenheimer Capital, L.P from 1990 to 1996, which involved managing the Small Cap Value Department. She was a Portfolio Manager at Mutual of America Life Insurance Co from 1983 to 1996, it was in this role where Jenny was first given the opportunity to manage small cap assets and she remains focused on this area today. Qualifications: MBA from New York University; BA (Honors) from Yale University.
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