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Effective 5/1/19, the Fund changed its principal investment strategy and benchmark. Returns prior to 5/1/19 reflect the performance of the Fund's prior strategy. Please see the Fund’s prospectus for additional information.
Why Mid Caps?
Mid-cap companies are often in their growth phase with more established business models and management teams
Combining Distinct Company Types
Seeks three types of companies with distinct objectives: capital growth, lower downside volatility, and idiosyncratic growth
Sub-advised by Schroders
With 200+ years of experience, Schroders actively invests across public and private markets around the globe
Objective: Seeks capital appreciation.
Portfolio Management
Portfolio Manager
7
YRS
MANAGING THIS FUND
12
YRS
AT SCHRODERS
31
YRS
EXPERIENCE IN THIS INDUSTRY
Portfolio Manager
1
YRS
MANAGING THIS FUND
12
YRS
AT SCHRODERS
24
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: 03/31/2006
Share Class Inception: 10/24/16.
Performance prior to 10/24/16 for Class Y-shares reflects the performance, fees, and expenses of the Investor Class of the predecessor fund Schroder U.S. Small and Mid Cap Opportunities Fund. If Class Y fees and expenses were reflected, performance would have differed. SI performance is calculated from 3/31/06.
The Fund’s Class Y shares have not been in operation for 10 years. Therefore, the Calendar Year Returns (Y Shares) chart includes performance and operating expenses of another class. For more information, see the prospectus.
Characteristics
FUND STATS
| # of Holdings | 65 |
|---|---|
| Beta (3 year) | 0.81 |
| R Squared (3 year) | 0.97 |
| Turnover | 44% |
| Active Share | 91% |
| % in Equities | 96 |
Holdings Characteristics
| FUND | Russell MidCap Index | |
|---|---|---|
| Price/Earnings | 21.8x | 18.7x |
| Price/Book | 5.1x | 7.4x |
| Asset Weighted Market Cap (billions) | $21.6 | $30.5 |
| Return on Equity | 14.7% | 13.2% |
| Median Market Cap (billions) | $15.1 | $11.7 |
Top Ten Holdings (%)
| Arthur J Gallagher & Co. | 2.50 |
| Aramark | 2.27 |
| Dolby Laboratories, Inc. | 2.14 |
| Assurant, Inc. | 2.13 |
| Rentokil Initial PLC | 2.12 |
| Match Group, Inc. | 2.02 |
| Masimo Corp. | 1.94 |
| Hexcel Corp. | 1.90 |
| Teledyne Technologies, Inc. | 1.87 |
| Ciena Corp. | 1.85 |
| Total Portfolio % | 20.74 |
Market Cap Distribution (%)
| Less than $2 billion | 0 | |
| $2 billion - $5 billion | 0 | |
| $5 billion - $10 billion | 25 | |
| Greater than $10 billion | 75 | |
| Not Classified | 0 | |
RETURN CHARACTERISTICS
|
Alpha (5 Year)
|
0.20 |
|
Down Capture (5 Year)
|
83.46 |
|
Information Ratio (5 Year)
|
-0.15 |
|
Sharpe Ratio (5 Year)
|
0.47 |
|
Up Capture (5 Year)
|
86.02 |
Sector Exposure (%)
FUND |
BENCHMARK | UNDERWEIGHT / OVERWEIGHT | |||||
|---|---|---|---|---|---|---|---|
| 12/31/24 | 1/31/25 | 1/31/25 | -4 0 4 | ||||
| Cash | 4 | 4 | 0 | ||||
| Industrials | 23 | 23 | 20 | ||||
| Technology | 16 | 14 | 13 | ||||
| Health Care | 9 | 10 | 9 | ||||
| Telecommunications | 3 | 2 | 1 | ||||
| Basic Materials | 3 | 3 | 3 | ||||
| Financials | 14 | 14 | 15 | ||||
| Real Estate | 6 | 6 | 7 | ||||
| Utilities | 4 | 5 | 6 | ||||
| Energy | 3 | 3 | 5 | ||||
| Consumer Discretionary | 13 | 13 | 16 | ||||
| Consumer Staples | 3 | 2 | 5 | ||||
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
12/31/2024 - PDF (140 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
12/31/2024 - PDF (315 KB)
This flyer highlights the Fund's unique approach in selecting mid-cap companies.
12/31/2024 - PDF (210 KB)
Current quarterly commentary from sub-adviser, Schroders, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
12/31/2024 - PDF (172 KB)
Attribution analysis is a method for evaluating the performance of a portfolio compared to the benchmark.
12/31/2024 - PDF (172 KB)
Attribution analysis is a method for evaluating the performance of a portfolio compared to the benchmark.
PDF (159 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision
12/31/2024 - PDF (649 KB)
This Pitchbook reviews the Fund's investment approach, investment team, investment process, portfolio statistics, top holdings, and current performance.
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. • Mid-cap securities can have greater risks 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. • Financially material environmental, social and/or governance (ESG) characteristics are one of several factors that may be considered. The Fund may perform differently from funds that do not integrate ESG into their analysis.
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