Schroder Schroder US Smaller Companies Fund A Accumulation Class Z Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | 0.9% | 25.1% | -1.3% | -8.2% | 31.3% |
| Sector | 17.3% | 19.3% | -8.2% | -4.5% | 32.6% |
| Rank | 27/30 | 13/31 | 4/32 | 27/33 | 18/35 |
| Quartile | 4 | 2 | 1 | 4 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | 6.0% | 8.5% | 11.0% | |
| Sector | 5.1% | 10.2% | 11.7% | |
| Rank | 15/32 | 25/30 | 9/19 | |
| Quartile | 2 | 4 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| ICU MEDICAL | 3.29 |
| KEMPER CORPORATION | 2.33 |
| ESCO TECHNOLOGIES INC | 2.14 |
| BOX | 1.98 |
| LUMENTUM HOLDINGS INC | 1.84 |
| LIVERAMP HLDGS INC | 1.83 |
| CAVCO INDUSTRIES INC | 1.76 |
| HEXCEL CORP | 1.75 |
| WNS (HOLDINGS) LIMITED | 1.67 |
| ASGN INCORPORATED | 1.67 |
| Total | 20.26 |
Fund Aims
The fund's investment objective is to achieve capital appreciation through investment in US smaller companies. The fund will invest in the securities of smaller companies listed on the principal stock exchanges in North America, including Canada, together with those that are traded on the over-the-counter market. Investment will be in directly held transferable securities. The fund may also invest in collective investment schemes, warrants and money market instruments.
Fund Manager
Bob Kaynor is Co-Portfolio Manager and Research Director US Small and Smid Cap Equities at Schroders, based in New York. He joined Schroders in 2013
Bob was the Chief Investment Officer and Managing Member at Ballast Capital Group from 2010 to 2013
He was previously a Managing Director/Portfolio Manager at Ramius Capital Group from 2003 to 2010
He was previously a Partner/Analyst at Barbary Coast Capital Management from 2000 to 2003
He was previously a Analyst/Assistant Portfolio Manager at RCM Capital Management from 1994 to 2000
BSc in Economics with Financial Applications from Southern Methodist University
CFA Charterholder
Fund Overview
| Mid (20/12/2024) | 203.00p |
| Historic yield | 0.05% |
| Fund size (31/08/2024) | £982.48m |
| Number of holdings | 84 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.92% |
| Launch date | 10/02/2012 |
Asset Allocation
| International Equities | 94.40% | |
| Cash and Equivalents | 4.34% | |
| Property | 1.26% |
Commentary
Not Applicable
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 94.40% | |
| Cash and Equivalents | 4.34% | |
| Property | 1.26% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 20.28% | - | - | - | |
| Industrial Goods & Services | - | 16.31% | - | - | |
| Industrial Support Services | - | - | 4.29% | - | |
| Professional Business Support Services | - | - | - | 2.62% | |
| Business Training & Employment Agencies | - | - | - | 1.67% | |
| General Industrials | - | - | 3.50% | - | |
| Diversified Industrials | - | - | - | 2.14% | |
| Containers & Packaging | - | - | - | 1.36% | |
| Industrial Engineering | - | - | 3.29% | - | |
| Machinery: Industrial | - | - | - | 1.99% | |
| Machinery: Specialty | - | - | - | 1.29% | |
| Electronic & Electrical Equipment | - | - | 2.98% | - | |
| Electronic Equipment: Control & Filter | - | - | - | 2.10% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.89% | |
| Industrial Transportation | - | - | 1.16% | - | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 1.16% | |
| Aerospace & Defence | - | - | 1.10% | - | |
| Defense | - | - | - | 1.10% | |
| Construction & Materials | - | 3.97% | - | - | |
| Construction & Materials | - | - | 3.97% | - | |
| Construction | - | - | - | 2.63% | |
| Building Materials: Other | - | - | - | 1.34% | |
| Financials | 18.59% | - | - | - | |
| Banks | - | 8.28% | - | - | |
| Banks | - | - | 8.28% | - | |
| Banks | - | - | - | 8.28% | |
| Insurance | - | 5.36% | - | - | |
| Non-life Insurance | - | - | 5.36% | - | |
| Full Line Insurance | - | - | - | 2.33% | |
| Property & Casualty Insurance | - | - | - | 1.91% | |
| Reinsurance | - | - | - | 1.13% | |
| Financial Services | - | 4.95% | - | - | |
| Investment Banking & Brokerage Services | - | - | 4.04% | - | |
| Diversified Financial Services | - | - | - | 2.42% | |
| Asset Managers & Custodians | - | - | - | 1.62% | |
| Finance & Credit Services | - | - | 0.90% | - | |
| Consumer Lending | - | - | - | 0.90% | |
| Health Care | 12.68% | - | - | - | |
| Health Care | - | 12.68% | - | - | |
| Medical Equipment & Services | - | - | 7.44% | - | |
| Medical Supplies | - | - | - | 3.29% | |
| Medical Services | - | - | - | 2.23% | |
| Medical Equipment | - | - | - | 1.93% | |
| Health Care Providers | - | - | 3.10% | - | |
| Health Care Facilities | - | - | - | 1.38% | |
| Health Care Services | - | - | - | 0.92% | |
| Health Care Management Services | - | - | - | 0.81% | |
| Pharmaceuticals & Biotechnology | - | - | 2.14% | - | |
| Biotechnology | - | - | - | 2.14% | |
| Technology | 10.33% | - | - | - | |
| Technology | - | 10.33% | - | - | |
| Software & Computer Services | - | - | 7.69% | - | |
| Software | - | - | - | 3.59% | |
| Consumer Digital Services | - | - | - | 2.79% | |
| Computer Services | - | - | - | 1.31% | |
| Technology Hardware & Equipment | - | - | 2.64% | - | |
| Semiconductors | - | - | - | 1.73% | |
| Electronic Components | - | - | - | 0.91% | |
| Basic Materials | 9.26% | - | - | - | |
| Chemicals | - | 6.22% | - | - | |
| Chemicals | - | - | 6.22% | - | |
| Specialty Chemicals | - | - | - | 5.48% | |
| Chemicals: Diversified | - | - | - | 0.74% | |
| Basic Resources | - | 3.04% | - | - | |
| Industrial Materials | - | - | 3.04% | - | |
| Diversified Materials | - | - | - | 3.04% | |
| Consumer Discretionary | 8.09% | - | - | - | |
| Consumer Products & Services | - | 5.13% | - | - | |
| Household Goods & Home Construction | - | - | 2.02% | - | |
| Home Construction | - | - | - | 1.76% | |
| Household Furnishings | - | - | - | 0.26% | |
| Personal Goods | - | - | 1.60% | - | |
| Clothing & Accessories | - | - | - | 0.83% | |
| Footwear | - | - | - | 0.77% | |
| Leisure Goods | - | - | 1.51% | - | |
| Consumer Electronics | - | - | - | 0.78% | |
| Recreational Products | - | - | - | 0.73% | |
| Retail | - | 1.38% | - | - | |
| Retailers | - | - | 1.38% | - | |
| Specialty Retailers | - | - | - | 1.38% | |
| Media | - | 0.95% | - | - | |
| Media | - | - | 0.95% | - | |
| Media Agencies | - | - | - | 0.95% | |
| Automobiles & Parts | - | 0.63% | - | - | |
| Automobiles & Parts | - | - | 0.63% | - | |
| Auto Parts | - | - | - | 0.63% | |
| Telecommunications | 5.26% | - | - | - | |
| Telecommunications | - | 5.26% | - | - | |
| Telecommunications Equipment | - | - | 4.39% | - | |
| Telecommunications Equipment | - | - | - | 4.39% | |
| Telecommunications Service Providers | - | - | 0.88% | - | |
| Telecommunications Services | - | - | - | 0.88% | |
| Cash and Equivalents | 4.34% | - | - | - | |
| Real Estate | 3.33% | - | - | - | |
| Real Estate | - | 3.33% | - | - | |
| Real Estate Investment Trusts | - | - | 3.33% | - | |
| Industrial REITs | - | - | - | 1.26% | |
| Timber REITs | - | - | - | 1.10% | |
| Office REITs | - | - | - | 0.97% | |
| Utilities | 2.69% | - | - | - | |
| Utilities | - | 2.69% | - | - | |
| Gas, Water & Multi-utilities | - | - | 2.69% | - | |
| Gas Distribution | - | - | - | 1.96% | |
| Water | - | - | - | 0.73% | |
| Energy | 2.62% | - | - | - | |
| Energy | - | 2.62% | - | - | |
| Non-Renewable Energy | - | - | 2.62% | - | |
| Oil: Crude Producers | - | - | - | 1.82% | |
| Oil Equipment & Services | - | - | - | 0.80% | |
| Consumer Staples | 2.52% | - | - | - | |
| Food, Beverage & Tobacco | - | 1.33% | - | - | |
| Food Producers | - | - | 0.71% | - | |
| Food Products | - | - | - | 0.71% | |
| Beverages | - | - | 0.62% | - | |
| Soft Drinks | - | - | - | 0.62% | |
| Personal Care, Drug & Grocery Stores | - | 1.19% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.19% | - | |
| Food Retailers & Wholesalers | - | - | - | 1.19% | |
Regional Allocation
| North America | 91.40% | |
| Cash and Equivalents | 4.34% | |
| South & Central America | 1.34% | |
| Property | 1.26% | |
| Developed Europe - Excl UK | 1.03% | |
| Middle East & Africa | 0.63% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 95.74% | |
| Cash | 3.56% | |
| US Dollar | 0.70% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 91.40% | - | |
United States
|
- | 90.78% | |
Canada
|
- | 0.62% | |
| Cash and Equivalents | 4.34% | - | |
| South & Central America | 1.34% | - | |
Puerto Rico
|
- | 1.34% | |
| Property | 1.26% | - | |
| Developed Europe - Excl UK | 1.03% | - | |
Luxembourg
|
- | 1.03% | |
| Middle East & Africa | 0.63% | - | |
Israel
|
- | 0.63% | |
Breakdown By Market Cap (%)
| Large |
|
5.54% |
| Medium |
|
51.15% |
| Small |
|
31.49% |
| Micro |
|
2.29% |
| Non-Classified |
|
5.20% |
| Cash |
|
4.34% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | ICU MEDICAL | 3.29% | Medical Equipment & Services | United States |
| 2 | KEMPER CORPORATION | 2.33% | Non-life Insurance | United States |
| 3 | ESCO TECHNOLOGIES INC | 2.14% | General Industrials | United States |
| 4 | BOX | 1.98% | Software & Computer Services | United States |
| 5 | LUMENTUM HOLDINGS INC | 1.84% | Telecommunications Equipment | United States |
| 6 | LIVERAMP HLDGS INC | 1.83% | Software & Computer Services | United States |
| 7 | CAVCO INDUSTRIES INC | 1.76% | Household Goods & Home Construction | United States |
| 8 | HEXCEL CORP | 1.75% | Industrial Materials | United States |
| 9 | WNS (HOLDINGS) LIMITED | 1.67% | Industrial Support Services | United States |
| 10 | ASGN INCORPORATED | 1.67% | Industrial Support Services | United States |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 10.33% | - | - | - | - | - | - | 10.33% |
| Telecommunications | - | 5.26% | - | - | - | - | - | - | 5.26% |
| Financials | - | 18.59% | - | - | - | - | - | - | 18.59% |
| Real Estate | - | 2.07% | - | - | - | 1.26% | - | - | 3.33% |
| Consumer Discretionary | - | 8.09% | - | - | - | - | - | - | 8.09% |
| Consumer Staples | - | 2.52% | - | - | - | - | - | - | 2.52% |
| Energy | - | 2.62% | - | - | - | - | - | - | 2.62% |
| Utilities | - | 2.69% | - | - | - | - | - | - | 2.69% |
| Health Care | - | 12.68% | - | - | - | - | - | - | 12.68% |
| Industrials | - | 20.28% | - | - | - | - | - | - | 20.28% |
| Basic Materials | - | 9.26% | - | - | - | - | - | - | 9.26% |
| Cash and Equivalents | - | - | - | - | - | - | - | 4.34% | 4.34% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only.
Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B7LDLC5 |
| Mex Code | - |
| Isin Code | GB00B7LDLC53 |
| Citi Code | 0V2T |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.92% |
Aims and Benchmark
| Aims | The fund's investment objective is to achieve capital appreciation through investment in US smaller companies. The fund will invest in the securities of smaller companies listed on the principal stock exchanges in North America, including Canada, together with those that are traded on the over-the-counter market. Investment will be in directly held transferable securities. The fund may also invest in collective investment schemes, warrants and money market instruments. |
| Benchmark | Russell 2000 Lagged (Gross Total Return) Index |
| Benchmark Category | - |
| IA Sector | North American Smaller Companies |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | Unit Trust |
| Launch price | £0.50 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 May | 30 June |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | J.P. Morgan Trustee and Depositary Company Limited |
| Fund Administrator | IFDS |
| Fund Registrar | IFDS |
| Fund Custodian | J.P. Morgan Trustee and Depositary Company Limited |
Group Details
| Group name | Schroder Unit Trusts Limited |
| Group address | 1 London Wall Place, London, EC2Y 5AU United Kingdom |
| Group telephone | 0800 718 777 |
| Dealing telephone | 0800 718 788 |
| investorservices@schroders.com | |
| Homepage | www.schroders.co.uk |
| Fax number | 0870 043 4080 |
Dealing
| Minimum Investment | £1000000 |
| Minimum Top Up | £100000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 2 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.