1Q
Emerging Markets Multi-Cap
Equity Fund
2016
Investor: SMENX | Advisor: SMEVX
Fund overview
Total Net Assets ($million)
— Stock selection based on complementary fundamental drivers: company valuations and business
quality (as defined by profitability, stability and financial strength)
Fund: 23.2
— Stocks are weighted according to their fundamentals as opposed to market capitalization
Number of Holdings
— A truly diversified, actively managed portfolio of over 300 stocks and active share >70%
Fund: 290
— Invests across a broad universe of over 4,000 companies of all capitalization from micro cap to mega
cap stocks
Benchmark: 835
— Dividends matter: strong management quality signal and source of investor return
Active Share (%)1
Fund: 73.30
Fund statistics
Portfolio composition (%)
21.5
Financials
15.4
Information Tech
Telecom Services
7.8
Materials
6.5
Fund: 27.70
Latin
America,
8.8%
27.5
19.8
Benchmark: 46.89
10.7
6.9
Energy
Weighted Avg Market Cap ($bn)2
Regional breakdown (%)
10.4
Price Earnings (Trail 12 Months)3
EMEA,
25.8%
10.4
Fund: 13.00
9.2
10.9
8.5
8.2
Cons Discretionary
Cons Staples
Benchmark: 13.50
5.8
Health Care
2.6
4.0
Industrials
Fund
6.4
Asia,
64.4%
MSCI EM Index
Utilities
0
5
10
15
20
25
30
35
Market capitalization
Top ten countries (%)
70
20.4
China
Fund
MSCI EM Index
60
South Africa
7.3
9.7
Korea
44%
39%40%
India
28%
Thailand
24%
20
2.2
Indonesia
16%
2.7
6%
Turkey
0%
0
Mega
>$20bn
Large
$5-20bn
Mid
$1-5bn
Small
$250mm$1bn
1% 0%
Micro
<$250mm
4.5
Fund
4.4
3.7
2.6
1.6
Russia
10
15.6
6.8
8.1
6.5
6.6
5.6
Brazil
30
0
23.9
14.4
12.4
12.7
Taiwan
50
40
Source: Schroders and Morningstar. Total
net assets include all share classes of the
Fund. Risk statistics are since inception
and are based on Investor Shares.
3.1
3.2
5
MSCI EM Index
10
15
20
25
30
The percentages shown in the table are the weights, by market capitalization, of stocks in the indicated market
capitalization ranges in the Emerging Markets Multi-Cap Equity Fund or the MSCI EM Index. EMEA stands for Europe,
Middle East and Africa. 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-Cap Equity 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-Cap Equity Fund
Performance* (%)
As of March 31, 2016
25
20
15
10
5
0
-5
-10
-15
-20
Investor Shares
Advisor Shares
7.24
7.33
Fees and Expenses
(%) as of
March 1, 2016
MSCI Emerging Markets Index
0.23
- 12.78
- 12.03
- 13.00
1 Year
2014
2013
2012
Investor Shares
7.24
-18.33
-1.08
n/a
n/a
Advisor Shares
7.33
-18.66
-1.33
n/a
n/a
MSCI Emerging Markets Index
5.71
-14.92
-2.19
n/a
n/a
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. Shares held for two months or less are subject
to a 2% redemption fee. Performance for periods less than one
one year is not annualized and
performance of periods greater than one year 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
Dividend Frequency
2.60
2.85
Net
1.05
1.30
Since Inception
2015
Inception Date
Gross
- 1.69
YTD 2016
CUSIP
Advisor
Shares
5.71
- 1.45
QTD
Investor
Shares
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 1.05% of Investor Shares' average
daily net assets and, for the Fund's Advisor Shares,
exceed 1.30% 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
0.80% 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
80809R600
80809R501
6/25/2013
6/25/2013
Quarterly
Quarterly
— Over 15 years in managing global equity portfolios
— Team manages approximately $38.5 billion in assets
— Investment philosophy is based upon combining fundamental data and
well-researched behavioral insights
— Considerable emphasis is placed on portfolio construction and genuine
diversification of risk
Risk: All investments, domestic and foreign, 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 adverse economic and market conditions, prospects of stocks in the portfolio, changing interest rates, and real
or perceived adverse competitive industry conditions. 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. Investments in small and medium capitalization companies generally carry greater risk than
is customarily associated with larger capitalization companies, which may include, for example, less public information, more limited financial resources and
product lines, greater volatility, higher risk of failure than larger companies, and less liquidity. Please see the prospectus for a full description of the risks
associated with the Fund.
Important Information: Source: Schroders. 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: The MSCI Emerging Markets Index (Net Dividends) is a free floatadjusted market capitalization index that is designed to measure equity market performance in the global emerging markets. Investors may not invest directly in an index. MSCI
makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be
further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of
the MSCI data is intended to constitute any kind of investment decision and may not be relied on as such. Sector/Market Capitalization: Sector, country and market
capitalization breakdowns indicate characteristics as of a point in time, may not be representative of current or future characteristics, and should not be viewed as an investment
recommendation. Definitions: 1 Active share represents the proportion of stock holdings in the fund that is different from the composition found in the benchmark. 2 An average
that takes into account the proportional relevance of each component, rather than treating each component equally. Market cap is the market price of an entire company on any
given day, calculated by multiplying the number of shares outstanding by the price per share. 3 The sum of a company's price-to-earnings, calculated by taking the current stock
price and dividing it by the trailing earnings per share for the past 12 months. Schroder Fund Advisors LLC, Member FINRA, SIPC – 875 Third Avenue, New York, NY 100226225 (800) 730-2932
FS-EMMTCAPEQ