1Q
Emerging Markets Multi-Sector
Bond Fund
2016
Investor: SMSNX | Advisor: SMSVX
Fund overview
Total Net Assets ($million)
— Seeks to provide a return of capital growth and income
Fund: 55.9
— We take an unconstrained approach in seeking the best values in EMD across sovereign, corporate,
and local currency bonds. We do not favor any one of these sub-asset classes, thus retaining maximum
flexibility across market cycles
Number of Holdings
Fund: 123
Fund statistics
Benchmark: 1,863
Portfolio composition (%)
Credit quality allocation (%)
AAA
EMD Local Currency
36.8
AA
Fund: 6.16
0.3
A
EMD Corporate
35.3
BBB
39.5
0
1.6
Not Rated
10
15
20
25
30
35
40
Top ten countries (%)
45
13.9
Brazil
9.8
Asia,
19.1%
6.3
Turkey
0.7
0
Fund: 4.24
10
20
30
40
50
Total net assets include all share classes of
the Fund.
Regional breakdown (%)
Mexico
Russia
30-Day Unsubsidized Yield (%)2
0.7
Cash &
Cash Equivs.
5
Fund: 5.07
22.3
CCC
2.8
SEC 30 Day Yield (%)1
14.5
B
25.1
Cash & Cash Equivs.
Benchmark: 5.47
17.9
BB
EMD Sovereign
Effective Duration (Years)
2.5
Africa &
Middle
East,
10.9%
Developed,
2.3%
5.8
China
5.2
Colombia
5.1
Indonesia
4.9
South Africa
4.8
Chile
4.5
Argentina
4.3
0
2
4
6
Latin
America,
47.7%
8
10
12
14
16
18
Europe,
20.0%
Source: Schroders. The data is shown as a percentage of market value. May not add to 100% due to rounding.
Data as of March 31, 2016
NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE
Schroder Emerging Markets Multi-Sector Bond Fund is a series of shares of Schroder Series Trust.
schroderfunds.com
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, call your financial advisor or call (800) 730-2932. Read the prospectus carefully before investing.
Schroder Emerging Markets Multi-Sector Bond Fund
Performance* (%)
As of March 31, 2016
10
9
8
7
6
5
4
3
2
1
0
Investor Shares
Advisor Shares
6.78
6.63
Fees and Expenses
(%) as of
March 15, 2016
Blended EMD Benchmark
Investor
Shares
Advisor
Shares
Gross
1.80
2.05
Net
0.90
1.15
6.64
2.54
1.84
1.37
QTD
1.14
1.04
1 Year
0.84
Since Inception
Performance shown represents past performance. Past performance is no guarantee of future
results and current performance may be higher or lower than the performance shown. Principal
value and investment returns will fluctuate so that shares, when redeemed,
redeemed, may be worth more or
less than their original cost. For the most recent monthmonth-end performance, visit
www.schroderfunds.com or call (800) 730730-2932. Performance for periods less than one year is
not annualized and performance of periods greater than one year
ye ar is annualized.
* Please see below for notes accompanying this update. The notes include a description of the index and certain risks
associated with investing in the fund.
Fund information
CUSIP
Inception Date
Dividend Frequency
In order to limit the Fund's expenses, the Fund's
adviser has contractually agreed through February
28, 2017 to waive its fees, pay Fund operating
expenses, and/or reimburse the Fund to the extent
that Total Annual Fund Operating Expenses (other
than acquired fund fees and expenses, other
indirect acquired fund expenses, interest, taxes,
and extraordinary expenses), for the Fund's Investor
Shares, exceed 0.90% of Investor Shares' average
daily net assets and, for the Fund's Advisor Shares,
exceed 1.15% of Advisor Shares' average daily net
assets. In addition, the Fund's adviser has
contractually agreed through February 28, 2017 to
limit the management fees paid by the Fund to
0.65% of the Fund's average daily net assets. The
expense limitation and the management fee
limitation may only be terminated during their terms
by the Board of Trustees.
Management team
Investor Shares
Advisor Shares
80809R808
80809R709
6/25/2013
6/25/2013
Monthly
Monthly
— Team managed by Jim Barrineau
— Over 25 years of experience
— The team draws on the expertise of 30+ credit analysts across five
continents, with in-market presence in six major emerging countries
— In-house economics team
Risk: 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 and
liquidity risk. Frequent trading of the fund's portfolio may result in relatively high transaction costs and may result in taxable capital gains. Investing overseas
involves special risks including among others, risk related to political or economic instability, foreign currency (such as exchange, valuation, and fluctuation)
risk, market entry or exit restrictions, illiquidity and taxation. These risks exist to a greater extent in emerging markets than in developed markets. Please
see the prospectus for a full description of the risks associated with the Fund.
Important Information: Source: Schroders, Barclays Capital. Performance: Total return figures are net of fees and expenses, which includes a .25% distribution fee paid under
rule 12b-1 for Advisor Shares only, and reflect reinvestment of all dividends and distributions at net asset value. As described in the prospectus, during certain periods shown,
the expenses borne by the Fund were limited by the investment adviser; otherwise total return would have been lower. Index: 1/3 JP Morgan EMBI Global Diversified Index is a
uniquely weighted index that tracks total returns for US dollar denominated Brady bonds, Eurobonds, traded loans and local market debt instruments issued by sovereign and
quasi-sovereign entities; 1/3 JP Morgan GBI-EM Global Diversified Index is a comprehensive global local emerging markets index that consists of regularly traded, liquid fixedrate domestic currency government bonds; 1/3 JP Morgan CEMBI Broad Diversified tracks total returns of U.S. dollar denominated debt instruments issued by corporate entities
in Emerging Markets countries. The CEMBI Broad is the most comprehensive corporate benchmark. Investors may not invest directly in an index. Sector/Securities: Securities
holdings, sector breakdowns and credit quality indicate characteristics as of a point in time and may not be representative of the Fund's current or future investments. Portfolio
sectors/securities and allocations are subject to change at any time and should not be viewed as a recommendation to buy/sell. Credit/Quality: Schroders receives credit quality
ratings on underlying securities of the fund from the three major reporting agencies— S&P, Moody's and Fitch. When calculating the credit quality breakdown, Schroders uses
the average rating of the agencies. Securities that are not rated by all three agencies are reflected as such. The ratings exclude cash and cash equivalents. Schroders converts all
ratings to the equivalent S&P major rating category for purposes of the category shown. Definitions: 1 SEC 30 day yield reflects the dividends and interest earned during the
most recent 30-day period, after the deduction of the Fund’s expenses. 2 30-Day unsubsidized yield does not reflect waivers. Schroder Fund Advisors LLC, Member FINRA,
SIPC – 875 Third Avenue, New York, NY 10022-6225 (800) 730-2932
FS-EMMULTISECT