Schroder Emerging Markets Multi-Sector Bond Fund outlines details

By Toni Weeks

San Luis Obispo, Calif., June 24 - Schroder Series Trust announced in an N-1A filing with the Securities and Exchange Commission more details on its new emerging markets fixed-income fund, the Schroder Emerging Markets Multi-Sector Bond Fund.

The fund will seek to provide a return of capital growth and income. Under normal circumstances, it will invest at least 80% of its net assets in bonds of companies located in emerging-market countries. The subadviser will allocate the fund's assets actively among fixed-income sectors such as government bonds, corporate bonds, mortgage-backed securities and inflation-indexed bonds.

Jim Barrineau, Fernando Grisales, Alexander Moseley and Christopher Tackney will be the portfolio managers.

The fund will offer two share classes: advisor shares and investor shares. The ticker symbols are "SMSVX" and "SMSNX," respectively.

There will be no shareholder fees. Management fees will be 0.75%, with net annual fund operating expenses at 0.9% for investor shares and 1.15% for advisor shares after factoring in the effects of an expense reimbursement agreement with the investment adviser. The agreement expires Feb. 28, 2015.

New York-based Schroder Investment Management North America Inc. will serve as the investment adviser to the fund.

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