Morningstar Fund Report  | 13/04/2025Print

Schroder International Selection Fund Global Smaller Companies C Accumulation USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Schroder International Selection Fund Global Smaller Companies C Accumulation USD
Fund20.1-11.84.68.7-9.2
+/-Cat3.60.1-4.42.1-4.3
+/-B’mrk2.7-4.6-5.1-3.2-4.5
 
Category: Global Small/Mid-Cap Equity
Category Benchmark: Morningstar Gbl SMID NR USD
Key Stats
NAV
11/04/2025		 USD 276.57
Day Change -1.71%
Morningstar Category™ Global Small/Mid-Cap Equity
ISIN LU0240878321
Fund Size (Mil)
11/04/2025		 USD 215.22
Share Class Size (Mil)
11/04/2025		 USD 1.60
Max Initial Charge 1.00%
Ongoing Charge
26/03/2025		  1.29%
Morningstar Research
Analyst Report28/02/2025
Morningstar Manager Research,
Morningstar, Inc

The strategy has a large and skilled team of local specialists, but it has undergone a leadership change. It lost several veteran investors in recent years, and the execution of the approach has been uneven across the regional sleeves. The...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People23
Parent24
Process23
Performance
Price
Investment Objective: Schroder International Selection Fund Global Smaller Companies C Accumulation USD
The Fund aims to provide capital growth in excess of the S&P Developed Small Cap (Net TR) index after fees have been deducted over a three to five year period by investing in equity and equity related securities of small-sized companies worldwide. The Fund is actively managed and invests at least two-thirds of its assets in equity and equity related securities of small-sized companies worldwide. Small-sized companies are companies which, at the time of purchase, are considered to be in the bottom 30% by market capitalisation of global equity markets.
Returns
Trailing Returns (GBP)11/04/2025
YTD-15.15
3 Years Annualised-2.08
5 Years Annualised7.07
10 Years Annualised5.01
12 Month Yield 0.00
Management
Manager Name
Start Date
Luke Biermann
31/03/2021
Robert Kaynor
31/03/2021
Inception Date
24/02/2006

Category Benchmark
Fund BenchmarkMorningstar Benchmark
S&P Developed Small NR USDMorningstar Gbl SMID NR USD
Portfolio Profile for  Schroder International Selection Fund Global Smaller Companies C Accumulation USD31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock96.420.0096.42
Bond0.000.000.00
Property0.000.000.00
Cash3.630.053.58
Other0.000.000.00
Top 5 Regions%
United States68.02
United Kingdom7.65
Japan7.20
Eurozone5.61
Europe - ex Euro4.86
Top 5 Sectors%
Industrials24.51
Technology19.46
Healthcare14.29
Financial Services12.36
Consumer Cyclical7.70
Top 5 HoldingsSector%
Rentokil Initial PLC ADRIndustrialsIndustrials1.80
Kemper CorpFinancial ServicesFinancial Services1.78
ICU Medical IncHealthcareHealthcare1.74
Assurant IncFinancial ServicesFinancial Services1.68
Dolby Laboratories Inc Class AIndustrialsIndustrials1.66
Increase Decrease New since last portfolio
Schroder International Selection Fund Global Smaller Companies C Accumulation USD
Growth Of 1000 (GBP) 31/03/2025
Fund:  Schroder International Selection Fund Global Smaller Companies C Accumulation USD
Category:  Global Small/Mid-Cap Equity
Category Index:  Morningstar Gbl SMID NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-12.5022.535.6320.06-11.834.628.68-9.17
+/- Category-1.873.65-7.723.550.10-4.442.11-4.28
+/- Category Index-1.97-5.372.66-4.55-5.11-3.17-4.46
% Rank in Category6817722953834188
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.71   -0.78-2.38
1 Week-0.98   -1.32-2.41
1 Month-8.05   -1.45-2.55
3 Months-15.57   -2.71-3.84
6 Months-10.58   -0.07-1.92
YTD-15.15   -3.50-4.44
1 Year-10.89   -2.15-5.61
3 Years Annualised-2.08   -0.42-4.14
5 Years Annualised7.07   -0.18-2.92
10 Years Annualised5.01   -0.32-2.15
 
Category: Global Small/Mid-Cap Equity
Category Index: Morningstar Gbl SMID NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-9.17---
20245.36-2.871.005.15
20231.71-0.09-2.335.41
2022-6.16-10.520.494.48
20218.424.633.012.74
2020-27.1823.772.5414.29
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageBelow Average2 star
5-YearBelow AverageBelow Average3 star
10-YearAverageAverage3 star
OverallAverageAverage3 star
 
Category :  Global Small/Mid-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev15.13 %
3-Yr Mean Return0.11 %
 
3-Yr Sharpe Ratio-0.26
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl SMID NR USD  Morningstar Gbl SMID NR USD
3-Yr Beta1.011.01
3-Yr Alpha-4.58-4.58
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 4175-
Market Capitalisation% of Equity
Giant0.00
Large3.93
Medium24.07
Small54.10
Micro17.90
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings17.001.12
Price/Book2.061.11
Price/Sales1.501.25
Price/Cash Flow11.191.22
Dividend-Yield Factor1.860.95
 
Long-Term Projected Earnings Growth10.141.25
Historical Earnings Growth3.000.27
Sales Growth6.791.33
Cash-Flow Growth6.190.90
Book-Value Growth5.380.86
 
Category: Global Small/Mid-Cap Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock96.420.0096.42
Bond0.000.000.00
Property0.000.000.00
Cash3.630.053.58
Other0.000.000.00
World Regions31/03/2025
 % of EquityRelative to Category
United States68.021.12
Canada0.000.00
Latin America0.671.10
United Kingdom7.651.24
Eurozone5.610.62
Europe - ex Euro4.860.98
Europe - Emerging0.4111.84
Africa0.000.00
Middle East0.000.00
Japan7.200.72
Australasia1.460.55
Asia - Developed2.742.08
Asia - Emerging1.371.79
 
Category: Global Small/Mid-Cap Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials3.720.61
Consumer CyclicalConsumer Cyclical7.700.56
Financial ServicesFinancial Services12.360.84
Real EstateReal Estate5.230.87
Consumer DefensiveConsumer Defensive3.170.66
HealthcareHealthcare14.291.34
UtilitiesUtilities2.221.57
Communication ServicesCommunication Services6.112.05
EnergyEnergy1.230.34
IndustrialsIndustrials24.511.14
TechnologyTechnology19.461.33
 
Category: Global Small/Mid-Cap Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings172
Total Number of Bond Holdings0
Assets in Top 10 Holdings16.28
NameSectorCountry% of Assets
Rentokil Initial PLC ADR310United Kingdom1.80
Kemper Corp103United States1.78
ICU Medical Inc206United States1.74
Assurant Inc103United States1.68
Dolby Laboratories Inc Class A310United States1.66
Aramark310United States1.65
WNS (Holdings) Ltd311United States1.55
Viavi Solutions Inc311United States1.52
Option Care Health Inc206United States1.48
Hexcel Corp310United States1.43
 
Increase Decrease New since last portfolio
Category: Global Small/Mid-Cap Equity
 
Management
Name of CompanySchroder Investment Management (Europe) S.A.
Phone+352 341 342 202
Websitewww.schroders.com
Address5, rue Höhenhof
 Luxembourg   L-1736
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date24/02/2006
Fund Advisor(s)
Schroder Investment Management Limited
Fund ManagerLuke Biermann
Manager Start Date31/03/2021
Education
Bath University, B.S.
 
Biography
– Co-manager of Schroder ISF European Smaller Companies from April 2024 – Manager of the Schroder European Smaller Companies Fund since 2011 – From April 2021, Co-manager on Global and International Small Cap strategies – Small Cap representative for the Schroders European Corporate Governance Committees – Investment career commenced at Schroders in 2006 as an analyst of UK and continental Europe smaller companies – Chartered Financial Analyst – Degree in Computer Science, Bath University
Fund ManagerRobert Kaynor
Manager Start Date31/03/2021
Career Start Year1994
Education
1993, Southern Methodist University, B.S.
 
Biography
Robert Kaynor, CFA, Portfolio Manager and Head of US Small and Mid Cap Equities of Schroders, has been involved with research and portfolio management at Schroders since 2013. He has managed the MainStay VP Schroders Mid Cap Opportunities Portfolio since 2024. Mr. Kaynor covers a variety of industries in the consumer, producer durables, and materials sectors. Mr. Kaynor joined Schroders as a Senior Equity Analyst for the U.S. Small and MidCap team in 2013 in which he covered the consumer sector. Kaynor was the Chief Investment Officer at Ballast Capital Management from 2010 to 2012, and prior to this, Mr. Kaynor was a Managing Director/Portfolio Manager for Ramius Capital Group.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge1.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.00%
Ongoing Charge1.29%
Purchase Details
Minimum Investments
Initial1000  USD
Additional1000  USD
Savings-
Tax Free Savings Schemes
ISAsYes