Schroder Core Bond Fund
Data updated: 2022-01-11
C000196990 — Schroder Core Bond Fund. Total / Aggregate Bond · $82.98M AUM · 0.32% expense ratio. Holdings, fees, performance and SEC filings.
C000196990 Fund Overview
Schroder Core Bond Fund is a US mutual fund managed by Schroder Series Trust, categorised as Total / Aggregate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Schroder Series Trust
- Category: Total / Aggregate Bond
- Assets under management: $82.98M
- 1-year return: 0.5%
- SEC CIK: 0000908802
- SEC series ID: S000060189
- Share class ID: C000196990
C000196990 Investment Objective and Strategy
Schroder Core Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Schroder Series Trust.
Investment objective
The Fund seeks long-term total return consistent with the preservation of capital.
Principal investment strategy
"The Fund seeks to achieve its investment objective by investing primarily in a portfolio of U.S. dollar-denominated, investment grade fixed income securities. The Fund's total return includes income earned on the Fund's investments, plus capital appreciation, if any. Fixed income securities in which the Fund may invest include obligations of governments, government agencies or instrumentalities, supra-national issuers, or corporate issuers. They may pay fixed, variable, or floating interest rates and may include asset-backed securities, mortgage-backed securities (which may include ""to be announced"" (""TBA"") transactions), zero-coupon securities, convertible securities, inflation-indexed bonds, structured notes, bank loans, loan participations, loan assignments, municipal securities, and other securities bearing fixed or variable interest rates of any maturity.
""Investment-grade"" securities are securities that, at the time of purchase, are rated by at least one major rating agency in one of its top four rating categories, or, if unrated, are determined by Schroders to be of similar quality. In the case of a split rated security (that is, two or more rating agencies give a security different ratings), the highest rating shall apply. The Fund may invest without limit in U.S. dollar denominated foreign securities. The Fund may also invest a portion of its assets in cash and cash equivalents. The Fund normally invests at least 80% of its net assets, plus the amount of any borrowing for investment purposes, in fixed income securities. This investment policy may be changed by the Fund upon 60 days' prior notice to shareholders. At times, the Fund's investments in municipal securities may be substantial depending on Schroders' outlook on the market.
While the Fund may invest in fixed income securities of any maturity or duration, under normal market conditions, Schroders seeks to maintain an average effective portfolio duration that is within 20% of the average effective duration of the Fund's benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index, on an adjusted basis. Schroders generally adjusts the duration of tax-exempt municipal bonds by a factor (currently 0.7) to reflect its view that their prices are typically less sensitive to changes in interest rates than taxable securities. Duration is a measure of a debt security's price sensitivity to a given change in interest rates; effective duration is a measure of the Fund's portfolio duration adjusted for the anticipated effect of interest rate changes on pre-payment rates. Generally, the higher a debt security's duration, the greater its price sensitivity to a change in interest rates.
In contrast to duration, maturity measures only the time until final payment is due. Schroders' decision to purchase or sell a security or make investments in a particular sector is based on relative value considerations. In analyzing the relative attractiveness of a particular security or sector, Schroders assesses an issue's historical relationships to other bonds, technical factors including supply and demand and fundamental risk and reward relationships. When making decisions to purchase or sell a security, Schroders also considers a number of factors including sector exposures, interest rate duration, yield and the relationship between yields and maturity dates. Schroders may engage actively in transactions involving derivatives in managing the Fund. Derivative transactions may include exchange-traded or over-the-counter derivatives, such as swap contracts including interest rate swaps, total return swaps, and credit default swaps, and futures contracts and options on futures (typically for the purposes of interest rate or other risk management or as a substitute for direct investment), and foreign currency exchange transactions, including currency futures, forwards, and option transactions (typically to hedge against changes in the values of currencies in which investments are denominated).
The notional value of the Fund's investments in derivatives that provide exposure comparable, in the judgment of the adviser, to investments in fixed income securities may be counted toward satisfaction of the 80% policy described above. The Fund may engage in active and frequent trading of portfolio securities in seeking to achieve its investment objective."
C000196990 Performance
Total returns for C000196990 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.5% |
| 3 years (annualised) | 4.9% |
C000196990 Risk Information
Risk metrics for C000196990, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.5%
C000196990 Costs and Fees
C000196990 costs about $32 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.32%
- Gross expense ratio: 0.81%
- Portfolio turnover: 144%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000196990 Cashflows
Over the 12 months to 2021-10, Schroder Core Bond Fund had net inflows of $103.22M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-10 | $34.68M |
| 2021-09 | $6.89M |
| 2021-08 | $1.12M |
| 2021-07 | $6.53M |
| 2021-06 | $3.58M |
| 2021-05 | $1.02M |
C000196990 Debt Constituents
No individual debt constituents are reported in Schroder Core Bond Fund's latest SEC N-PORT filing.
C000196990 Prospectus and SEC Filings
Official Schroder Core Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-03-12
- Prospectus (485BPOS) — filed 2020-05-06
- Prospectus (485BPOS) — filed 2020-03-19
- Portfolio holdings (N-PORT) — filed 2021-12-28
- Portfolio holdings (N-PORT) — filed 2021-09-29
- Portfolio holdings (N-PORT) — filed 2021-06-25
- Annual census (N-CEN) — filed 2022-01-11
- Annual census (N-CEN) — filed 2021-01-13
Related Funds
Other Total / Aggregate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.