STWLX — Schroder Long Duration Investment-Grade Fund
Data updated: 2021-09-29
STWLX — Schroder Long Duration Investment-Grade Fund. Long Corporate Bond · $111.92M AUM · 0.32% expense ratio. Holdings, fees, performance and SEC filings.
STWLX Fund Overview
STWLX — Schroder Long Duration Investment-Grade Fund is a US mutual fund managed by Schroder Series Trust, categorised as Long Corporate 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: Long Corporate Bond
- Assets under management: $111.92M
- 1-year return: -3.5%
- Ticker: STWLX
- SEC CIK: 0000908802
- SEC series ID: S000040943
- Share class ID: C000127005
STWLX Investment Objective and Strategy
Schroder Long Duration Investment-Grade 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 to achieve a total return that exceeds that of the Fund's benchmark, the Bloomberg Barclays U.S. Long Government/Credit Bond Index.
Principal investment strategy
"The Fund seeks to achieve its investment objective by investing in a diversified portfolio of fixed income debt instruments of varying maturities. The Fund normally invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in U.S. dollar-denominated, investment-grade fixed income debt instruments. This investment policy may be changed by the Fund upon 60 days' prior notice to shareholders. ""Fixed income debt instruments"" include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. The fixed income debt instruments in which the Fund may invest include securities issued or guaranteed by the U.S. Government and its agencies; government-sponsored enterprise securities; corporate bonds; mortgage-backed securities (including ""to be announced"" or ""TBA"" transactions); asset-backed securities; municipal securities; sovereign debt and debt securities issued by supranational organizations.
They may pay fixed, variable, or floating interest rates. ""Investment-grade"" securities are securities that are rated by at least one major rating agency in one of its top four rating categories, or, if unrated, that are determined by Schroders to be of similar quality, at the time of purchase. 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. 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 +/- 1 year of the average effective duration of the Fund's benchmark, the Bloomberg Barclays U.S.
Long Government/Credit 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. At times, the Fund's investments in municipal securities may be substantial depending on Schroders' outlook on the market. 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. The ""total return"" sought by the Fund consists of income earned on the Fund's investments, plus capital appreciation, if any. The Fund may engage in active and frequent trading of portfolio securities in seeking to achieve its investment objective."
STWLX Performance
Total returns for STWLX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -3.5% |
| 3 years (annualised) | 10.8% |
STWLX Risk Information
Risk metrics for STWLX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.8%
STWLX Costs and Fees
STWLX costs about $32 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.32%
- Gross expense ratio: 0.67%
- Portfolio turnover: 125%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
STWLX Cashflows
Over the 12 months to 2021-07, Schroder Long Duration Investment-Grade Fund had net inflows of $146.45M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-07 | $8.26M |
| 2021-06 | $17.78M |
| 2021-05 | $9.66M |
| 2021-04 | $5.44M |
| 2021-03 | $14.05M |
| 2021-02 | $46.28M |
STWLX Debt Constituents
No individual debt constituents are reported in Schroder Long Duration Investment-Grade Fund's latest SEC N-PORT filing.
STWLX Prospectus and SEC Filings
Official Schroder Long Duration Investment-Grade Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-03-12
- Prospectus (485BPOS) — filed 2020-03-19
- Prospectus (485BPOS) — filed 2019-03-20
- Portfolio holdings (N-PORT) — filed 2021-09-29
- Portfolio holdings (N-PORT) — filed 2021-06-25
- Portfolio holdings (N-PORT) — filed 2021-03-29
- Annual census (N-CEN) — filed 2021-01-13
- Annual census (N-CEN) — filed 2020-01-14
Related Funds
Other Long Corporate 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.