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Schroder US Smaller Companies Z

Bestinvest LogoA small cap North American equity fund with a growth at a reasonable price (GARP) style.

PRICE (INC)

168.4p

PRICE (ACC)

170.2p

INITIAL CHARGE

0%

ANNUAL MANAGEMENT CHARGE

0.75%

ONGOING CHARGE

0.92%

YIELD

0%

1 YEAR
3.17%

Prices as at 01 Jul 2022.

We don’t currently provide commentary on this fund.

Past performance is not an indication of future performance.

Capital at risk.

The fund targets capital growth from equities listed in the US and Canada. It is run in a similar way to the Schroder US Mid Cap fund but focuses on companies that are smaller in size, typically between US$200m and US$2bn. Manager Jenny Jones takes a bottom-up approach (analysing companies in their own right), blending underpriced growth companies with slower growing, more reliable “steady eddies” and a small number of recovery situations.

Fund summary

SectorNorth American Smaller Cos
StructureUNIT TRUST
LaunchedFebruary 2012
Size£792m
Yield0%
Charging BasisIncome
Dividends paid30 Jun

Charges

Standard Initial Charge0%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread0%
Annual Management Charge0.75%
Ongoing Charges Figure0.92%

Investment Process

The investment universe comprises around 1800 stocks with a market cap between US$200m and US$2bn at the time of purchase, essentially those in the Russell 2000 benchmark but excluding the less liquid names. The portfolio is built primarily on a bottom-up basis by Jones and her team of analysts and includes three types of companies: - Mispriced growth (50-60% of portfolio) – companies where sustainable change is occurring that will lead to higher earnings, revenues, cashflows or margins over 2-3 years. - Steady eddies (20-30%) – companies growing consistently, though generally at lower rates than the mispriced growth stocks. - Turnarounds (0-20%) – companies whose growth engine has broken, but where the manager sees a catalyst for a return to growth. The overall portfolio typically displays a bias to both growth and value factors - a growth at a reasonable price style.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning