SNAEX — Schroder North American Equity Fund
Data updated: 2021-03-29
SNAEX — Schroder North American Equity Fund. Developed ex-US Real Estate · $15.97M AUM · 0.33% expense ratio. Holdings, fees, performance and SEC filings.
SNAEX Fund Overview
SNAEX — Schroder North American Equity Fund is a US mutual fund managed by Schroder Global Series Trust, categorised as Developed ex-US Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Schroder Global Series Trust
- Category: Developed ex-US Real Estate
- Assets under management: $15.97M
- 1-year return: 17.2%
- Ticker: SNAEX
- SEC CIK: 0001236572
- SEC series ID: S000010680
- Share class ID: C000029559
SNAEX Investment Objective and Strategy
Schroder North American Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Schroder Global Series Trust.
Investment objective
The Fund seeks long-term capital growth.
Principal investment strategy
"The Fund normally invests at least 80% of its net assets in equity securities of companies organized and principally traded in, or with their principal places of business and principally traded in, North America. This policy is non-fundamental and may be changed by the Trustees, without a vote of the shareholders of the Fund, upon at least 60 days' prior written notice to shareholders. The Fund's portfolio may include large, well-known companies as well as smaller, less-closely followed companies, including micro cap companies. The Fund's sub-adviser, Schroder Investment Management North America Ltd. (""SIMNA Ltd."" or the ""Sub-Adviser""), uses a proprietary quantitative investment analysis to evaluate market and economic sectors, companies, and stocks on the basis of long-term historical data in order to construct a highly diversified portfolio of equity securities of North American issuers.
In addition, the Sub-Adviser attempts to identify anticipated short-term deviations from longer-term historical trends and cycles, and may adjust the portfolio to seek to take advantage of those deviations. The Fund's investment portfolio, including the number of positions and the sector weightings, will change as the Sub-Adviser's evaluation of economic, market and company-specific factors change. The Fund may invest in common and preferred stocks, convertible securities and warrants of companies of any size market capitalization. The Fund may also invest in real estate investment trusts (""REITs""), closed-end funds or exchange-traded funds (""ETFs"") (open-end investment companies whose shares may be bought or sold by investors in transactions on major stock exchanges), and may use options, futures contracts, and other derivative instruments in pursuing its principal investment strategies.
The Fund may hedge some of its foreign currency exposure back into the U.S. dollar, although it does not normally expect to do so. The Fund may use derivatives for purposes of complying with the 80% policy described above. An investment in a U.S. closed-end fund or ETF that has a policy that it will normally invest at least 80% of its net assets in equity securities of North American companies, and has ""North America"" or the equivalent in its name, or foreign funds with similar investment policies, will be treated as an investment in equity securities of North American companies for purposes of determining if the Fund has invested at least 80% of its net assets in such securities. The Fund considers North America to consist of the United States and Canada."
SNAEX Performance
Total returns for SNAEX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 17.2% |
SNAEX Risk Information
Risk metrics for SNAEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 25.3%
SNAEX Costs and Fees
SNAEX costs about $33 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.33%
- Gross expense ratio: 0.33%
- Portfolio turnover: 50%
- Brokerage commissions: 1.80 bps of average net assets (SEC N-CEN)
SNAEX Cashflows
Over the 12 months to 2021-01, Schroder North American Equity Fund had net inflows of $1.09B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-01 | $35.49K |
| 2020-12 | $22.56M |
| 2020-11 | $348.27M |
| 2020-10 | $53.24K |
| 2020-09 | $10.88K |
| 2020-08 | $538.61K |
SNAEX Debt Constituents
No individual debt constituents are reported in Schroder North American Equity Fund's latest SEC N-PORT filing.
SNAEX Prospectus and SEC Filings
Official Schroder North American Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-03-19
- Prospectus (485BPOS) — filed 2019-03-20
- Prospectus (485BPOS) — filed 2018-03-19
- Portfolio holdings (N-PORT) — filed 2021-03-29
- Portfolio holdings (N-PORT) — filed 2020-12-28
- Portfolio holdings (N-PORT) — filed 2020-09-25
- Annual census (N-CEN) — filed 2021-01-13
- Annual census (N-CEN) — filed 2020-01-14
Related Funds
Other Developed ex-US Real Estate 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.