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Schroder US Mid Cap

Elite Rated by FundCalibre

Run out of New York by Jenny Jones and her team of analysts, the fund has a focus on small and medium-sized companies and aims to beat its index by 2-3% per annum. The investment process is underpinned by in-depth company analysis, which has led to superior stock selection.

Company Description

Founded in London in 1804, today Schroders operates in more than 25 countries, employing more than 3,500 people, close to the markets in which they invest. With more than 35 offices worldwide, Schroders is listed on the London Stock Exchange and invests in a range of asset classes including equity, fixed income, multi-asset and alternatives. The group was awarded the Elite Equities Provider Rating in 2017.

Factsheet_schroders_logo

Fund Manager

Jenny Jones has run the fund since 2005. She started her investment career in 1980 and has had a number of investment roles at various firms. She is based in New York and supported by a well-resourced and experienced team of analysts.

Factsheet_jones

We look at businesses from the ground up. Our US-based research team seek to uncover value opportunities where others might not.

Jenny Jones - Fund Manager

The Investment Process

Stock selection is driven by fundamental analysis by Jenny and her team of sector specialists. To help manage risk, stock ideas fall into three different buckets. ‘Steady eddies’ or less cyclically-sensitive stocks act as ballast in the portfolio. ‘Mispriced growth’ are stocks where Jenny feels the market has not fully understood the company’s earnings potential. The last, and smallest bucket, is recovery type situations. A strict sell discipline is in place, with the setting of price targets.

Risk

Smaller and medium-sized companies can be less liquid than investments in larger companies. However, the manager is cognisant of this fact and usually invests around 5-10% in assets that she can trade more quickly. As a result, the fund is typically less volatile than its index.

Our Opinion

It’s the managers stock-picking prowess, as opposed to sector allocation, that has formed the foundation of this fund’s success. The fund is set up quite cautiously with Jenny’s three-bucket approach, and consequently holds up well in tough markets.

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©2014 FundCalibre Limited. All Rights Reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FundCalibre, (2) may not be copied or redistributed without prior permission, (3) do not constitute investment advice offered by FundCalibre, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a fund, and (5) are not warranted to be correct, complete, or accurate. FundCalibre shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. The Elite Fund rating is subjective in nature and reflects FundCalibre’s current expectations of future events/behaviour as they relate to a particular fund. Because such events/behaviour may turn out to be different than expected, FundCalibre does not ,guarantee that a fund will perform in line with its FundCalibre benchmark. Likewise, the Elite Fund rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision. FundCalibre disclaims any responsibility for trading decisions, damages or other losses resulting from any use of the Elite Fund rating.