Schroder Broad Tax-Aware Value Bond Fund
Key Fund Facts
Investment focus on maximizing tax efficiency
The Fund can adjust its duration and shift between sectors depending on the market environment
Primarily 100% investment grade securities (i.e. Municipals, Corporates, Treasuries)
Schroder Broad Tax-Aware Value Fund
Morningstar Overall rating for Investor Shares (STWTX) out of 306 funds in the Muni National Category as of June 30, 2016. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics.
Investing in the fund
Investor Shares (STWTX)
Advisor Shares (STWVX)
Data as of June 30, 2016 unless otherwise noted.
Please consider a fund’s investment objectives, risks, charges and expenses carefully before investing. For a free prospectus, which contains this and other information on any Schroders Fund, visit www.schroderfunds.com, or call (800) 730-2932. Read the prospectus carefully before investing.
All investments involve risks including the risk of possible loss of principal. The market value of a fund’s portfolio may decline as a result of a number of factors, including interest rate risk, credit risk, inflation/deflation risk, mortgage and asset-backed securities risk, US Government securities risk, foreign investment risk, currency risk, derivatives risk, leverage risk and liquidity risk. Frequent trading of the Fund’s portfolio may result in relatively high transaction costs and may result in taxable capital gains.
The Investor Shares of Schroder Broad Tax-Aware Value Bond Fund were rated 5 stars for the 3 year period (out of 306 funds); The Advisor Shares of Schroder Broad Tax-Aware Value Bond Fund were rated 5 stars for the 3 year period‡ (out of 306 funds) within the Muni National Intermediate category as of June 30, 2016. For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars and the bottom 10% receive one star. Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages. Morningstar Rating™ is for individual share classes only. Other classes may have different performance characteristics. ‡ denotes Morningstar Extended Performance Ratings: Morningstar provides adjusted historical returns and an Extended Performance Rating for some mutual funds in its universe. This means that any share class that doesn’t have a 1, 3-, 5-, or 10-year performance history may receive a hypothetical Morningstar Rating based on the oldest surviving share class of the fund. First, Morningstar computes the funds’ new return stream by appending an adjusted return history of the oldest share class. Next, the Extended Performance Rating is determined by comparing the adjusted-historical returns to the current open-end mutual fund universe to identify placement in the bell curve used to assign the Morningstar Rating. Past performance is no guarantee of future results. ©2015 Morningstar, Inc. All Rights Reserved. The Information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. has not granted consent for it to be considered or deemed an “expert” under the Securities Act of 1933.
Schroder Investment Management North America Inc. is an indirect wholly owned subsidiary of Schroders plc and is a SEC registered investment adviser and registered in Canada in the capacity of Portfolio Manager with the Securities Commission in Alberta, British Columbia, Manitoba, Nova Scotia, Ontario, Quebec, and Saskatchewan providing asset management products and services to clients in Canada. This document does not purport to provide investment advice and the information contained in this newsletter is for informational purposes and not to engage in a trading activities. It does not purport to describe the business or affairs of any issuer and is not being provided for delivery to or review by any prospective purchaser so as to assist the prospective purchaser to make an investment decision in respect of securities being sold in a distribution.
Schroder Investment Management North America Inc. (“SIMNA Inc.”) is an investment advisor registered with the U.S. SEC. It provides asset management products and services to clients in the U.S. and Canada including Schroder Capital Funds (Delaware), Schroder Series Trust and Schroder Global Series Trust, investment companies registered with the SEC (the “Schroder Funds”.) Shares of the Schroder Funds are distributed by Schroder Fund Advisors LLC, a member of FINRA. SIMNA Inc. and Schroder Fund Advisors LLC are indirect, wholly-owned subsidiaries of Schroders plc, a UK public company with shares listed on the London Stock Exchange.
Schroder Fund Advisors LLC, Member FINRA, SIPC, 875 Third Avenue, New York, NY 10022-6225, (800) 730-2932, www.schroderfunds.com.
Schroder Investment Management North America Inc. 875 Third Avenue, New York, NY 10022, (212) 641-3800, www.schroders.com/us.
NOT FDIC INSURED
MAY LOSE VALUE
NO BANK GUARANTEE
Schroder Fund Advisors LLC, Member FINRA, SIPC
875 Third Avenue, New York, NY 10022-6225
(800) 730-2932 www.schroderfunds.com