Schroder US Mid Cap Fund Z Acc

US Equities

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.

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Name
Schroder US Mid Cap Fund Z Acc
Manager
Schroder Unit Trusts Limited
Type
Unit Trust
ISIN
GB00B7LDLV43
Sector
North America
Launched
10/02/2012
OCF
0.91 %
Risk Rating
3
3 Year Sharpe
1.28
3 Year Alpha
-0.05
Yield
0 %
Benchmark
Russell 2500 TR USD
The Fund's investment objective is to provide capital growth and income primarily through investment in equity securities of medium-sized US companies. Investment will be in directly held transferable securities. The Fund may also invest in collective investment schemes, warrants and money market instruments.
Holding %
Schroder ISF US Dollar Liqdty I Acc USD 3.53 %
Advance Auto Parts Inc 2.41 %
KAR Auction Services Inc 2.29 %
Aramark 2.11 %
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 %
Region %
United States 98.74 %
Sector %
Consumer Cyclical 19.26 %
Industrials 18.83 %
Financial Services 18.60 %
Technology 13.81 %
Healthcare 9.17 %
Real Estate 6.21 %
Name
Schroder Unit Trusts Limited
Address
EC2Y 5AU, London, United Kingdom
UCITS
Yes
Legal Structure
Unit Trust

Managers

Robert Kaynor
Joined 04/27/2005

Bob Kaynor is Co-Portfolio Manager and Research Director US Small and Smid Cap Equities at Schroders, which involves being an important part of the investment decision making process and the co-ordination of the analyst team. Robert is the co-portfolio manager with Jenny Jones. Robert joined Schroders as a senior equity analyst in 2013 and became Research Director in 2014. He joined Schroders in 2013 and is based in New York. Bob was the Chief Investment Officer and Managing Member at Ballast Capital Group from 2010 to 2013, which involved managing a fundamental long/short portfolio. He was a Managing Director/Portfolio Manager at Ramius Capital Group from 2003 to 2010, which involved co-managing a hedged equity product with a goal of generating non-correlated positive returns whilst managing risk. He was a Partner/Analyst at Barbary Coast Capital Management from 2000 to 2003, which involved co-managing a long/short equity hedge fund focused on small and mid cap equities. He was a Analyst/Assistant Portfolio Manager at RCM Capital Management from 1994 to 2000, which involved working exclusively on a domestic long only small cap product recommending and covering equities. Qualifications: CFA Charterholder; BSc in Economics with Financial Applications from Southern Methodist University.

Jenny Jones
Joined 04/27/2005

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 joined Schroders in 2002 as Head of US Small Cap Equity and since joining, 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 and later the Small & Mid Cap Strategy from inception. She was the Head of the Small Cap Value Department at Oppenheimer Capital, L.P from 1990 to 1996. She was a Portfolio Manager at Mutual of America Life Insurance Co from 1983 to 1990, 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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