0001104659-13-022939.txt : 20130321 0001104659-13-022939.hdr.sgml : 20130321 20130321150307 ACCESSION NUMBER: 0001104659-13-022939 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130321 DATE AS OF CHANGE: 20130321 EFFECTIVENESS DATE: 20130321 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCHRODER GLOBAL SERIES TRUST CENTRAL INDEX KEY: 0001236572 IRS NUMBER: 000000000 STATE OF INCORPORATION: NY FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-105659 FILM NUMBER: 13707508 BUSINESS ADDRESS: STREET 1: 875 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2126413800 MAIL ADDRESS: STREET 1: 875 THIRD AVENUE STREET 2: 22ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCHRODER GLOBAL SERIES TRUST CENTRAL INDEX KEY: 0001236572 IRS NUMBER: 000000000 STATE OF INCORPORATION: NY FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-21364 FILM NUMBER: 13707509 BUSINESS ADDRESS: STREET 1: 875 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2126413800 MAIL ADDRESS: STREET 1: 875 THIRD AVENUE STREET 2: 22ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 0001236572 S000010680 NORTH AMERICAN EQUITY FUND C000029559 NORTH AMERICAN EQUITY FUND - INVESTOR CLASS SNAEX C000029580 NORTH AMERICAN EQUITY FUND - ADVISOR CLASS SNAVX 0001236572 S000029493 Schroder Global Value Fund C000090504 Schroder Global Value Fund-Institutional Class SQVIX C000118028 Schroder Global Value Fund-Institutional Service Shares SQVJX 0001236572 S000029494 Schroder Global Quality Fund C000090505 Schroder Global Quality Fund-Institutional Class SQQIX C000118029 Schroder Global Quality Fund-Institutional Service Shares SQQJX 485BPOS 1 a13-2948_7485bpos.htm POST-EFFECTIVE AMENDMENT FILED PURSUANT TO SECURITIES ACT RULE 485(B)

 

As filed with the Securities and Exchange Commission on March 21, 2013

 

Investment Company Act File No. 811-21364; Securities Act File No. 333-105659

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM N-1A

 

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 x

 

POST-EFFECTIVE AMENDMENT No. 31 x

 

and/or

 

REGISTRATION STATEMENT UNDER INVESTMENT COMPANY ACT OF 1940 x

 

Amendment No. 33 x

 

SCHRODER GLOBAL SERIES TRUST

875 Third Avenue, 22nd Floor, New York, New York 10022

(212) 641-3800

 

Carin F. Muhlbaum, Esq.

Schroder Investment Management North America Inc.

875 Third Avenue, 22nd Floor,

New York, New York 10022

 

Copies to:

 

Timothy W. Diggins, Esq.

Ropes & Gray LLP

Prudential Tower

800 Boylston Street

Boston, MA 02199-3600

 

It is proposed that this filing will become effective (check appropriate box):

 

x

Immediately upon filing pursuant to paragraph (b)

 

o

On (date) pursuant to paragraph (b)

¨

60 days after filing pursuant to paragraph (a)(1)

 

¨

On (date) pursuant to paragraph (a)(1)

¨

75 days after filing pursuant to paragraph (a)(2)

 

¨

On (date) pursuant to paragraph (a)(2) of Rule 485.

 

If appropriate, check the following box:

 

¨            This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

 

This post-effective amendment is being filed pursuant to the annual update of the registration statement of all existing series of the Trust. The Registrant has registered an indefinite amount of its shares of beneficial interest under the Securities Act of 1933, pursuant to Rule 24f-2 under the Investment Company Act of 1940. In reliance upon Rule 24f-2, no filing fee is being paid at this time.

 

 

 



 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all the requirements for effectiveness of this registration statement under Rule 485(b) under the Securities Act of 1933 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereto duly authorized, in the City of New York and the State of New York, on this 21st day of March, 2013.

 

SCHRODER GLOBAL SERIES TRUST

 

 

 

By:

/s/ Mark A. Hemenetz

 

 

Name:

Mark A. Hemenetz

 

 

Title:

President and Principal Executive Officer

 

 

Pursuant to the requirements of the Securities Act of 1933, as amended, this amendment to the Registration Statement has been signed below by the following persons in the capacities indicated on March 21, 2013.

 

Principal Executive Officer

By:

/s/ Mark A. Hemenetz

 

 

Name:

Mark A. Hemenetz

 

 

Title:

President and Principal Executive Officer

 

 

 

Principal Financial and Accounting Officer

 

 

By:

/s/ Alan M. Mandel

 

 

Name:

Alan M. Mandel

 

 

Title:

Treasurer & Principal Financial and Accounting Officer

 

 

*Jay S. Calhoun, Trustee

*Margaret M. Cannella, Trustee

*Mark D. Gersten, Trustee
*Catherine A. Mazza, Trustee

 

 

 

By:

/s/ Alan M. Mandel

 

 

Alan M. Mandel, Attorney-in-Fact*

 

 

*      Pursuant to powers of attorney previously filed as exhibits to this Registration Statement.

 



 

Exhibit Index

 

Exhibit Number

 

Description

 

 

 

EX-101.INS

 

XBRL Instance Document

 

 

 

EX-101.SCH

 

XBRL Taxonomy Extension Schema Document

 

 

 

EX-101.CAL

 

XBRL Taxonomy Extension Calculation Linkbase

 

 

 

EX-101.DEF

 

XBRL Taxonomy Extension Definition Linkbase

 

 

 

EX-101.LAB

 

XBRL Taxonomy Extension Labels Linkbase

 

 

 

EX-101.PRE

 

XBRL Taxomony Extension Presentation Linkbase

 


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If only the operating expenses of the Fund were included in Total Annual Fund Operating Expenses, and not the indirect expenses incurred by the Fund, the Total Annual Fund Operating Expenses would be 0.36% for Investor Shares and 0.71% for Advisor Shares. "Other Expenses" for Institutional Service Shares are based on estimated amounts for the current fiscal year. In order to limit the Fund's expenses, the Fund's adviser has contractually agreed through February 28, 2014 to pay 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, extraordinary expenses, and, in respect of Institutional Service Shares, fees under the Shareholder Service Plan), for each class of the Fund's shares, exceed 0.70% of such class of shares' average daily net assets. The expense limitation may only be terminated during its term by the Board of Trustees. "Net Annual Fund Operating Expenses" shown above include expenses incurred indirectly by the Fund (e.g., indirect Other Expenses and/or Acquired Fund Fees and Expenses), and thus may be higher than the Ratio of Expenses to Average Net Assets included in the "Financial Highlights" section of the full prospectus. If only the operating expenses of the Fund were included in Net Annual Fund Operating Expenses, and not the indirect expenses incurred by the Fund, the Net Annual Fund Operating Expenses of Institutional Shares would be 0.70% and of Institutional Service Shares would be 0.80%. "Other Expenses" are based on estimated amounts for the current fiscal year. In order to limit the Fund's expenses, the Fund's adviser has contractually agreed through February 28, 2014 to pay 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, extraordinary expenses, and, in respect of Institutional Service Shares, fees under the Shareholder Service Plan), for each class of the Fund's shares, exceed 0.70% of such class of shares' average daily net assets. If there are Acquired Fund Fees and Expenses, other indirect acquired fund expenses, interest, taxes, or extraordinary expenses, then the Net Annual Fund Operating Expenses of each class of shares of the Fund will be higher than shown. The expense limitation may only be terminated during its term by the Board of Trustees. SCHRODER GLOBAL SERIES TRUST 485BPOS false 0001236572 2012-10-31 2012-02-28 2013-03-01 2013-03-01 NORTH AMERICAN EQUITY FUND SNAEX SNAVX Example. <p align="left" style="margin:0pt 0pt 6pt 0pt;"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">This Example is intended to help you compare the cost of investing in the Fund with the costs of investing in other mutual funds. The Example assumes that you invest $10,000 in the noted class of shares of the Fund for the time periods indicated, your investment has a 5% return each year, and the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, the Example shows what your costs would be based on these assumptions.</font> </p> 39 39 122 122 213 213 480 480 75 75 233 233 406 406 906 906 ~ http://schroderfunds.com/20120228/role/ScheduleExpenseExampleTransposed20003 column dei_DocumentInformationDocumentAxis compact ck0001236572_S000010680_225Member column dei_LegalEntityAxis compact ck0001236572_S000010680Member row primary compact * ~ ~ http://schroderfunds.com/20120228/role/ScheduleExpenseExampleNoRedemptionTransposed20004 column dei_DocumentInformationDocumentAxis compact ck0001236572_S000010680_225Member column dei_LegalEntityAxis compact ck0001236572_S000010680Member row primary compact * ~ Advisor Shares - Investor Shares (whether or not shares are redeemed) Advisor Shares - Investor Shares (whether or not shares are redeemed) Fees and Expenses of the Fund: <p align="left" style="margin:0pt 0pt 6pt 0pt;"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.</font> </p> 0.00 0.00 0.0025 0.0025 0.0000 0.0035 0.0011 0.0011 0.0002 0.0002 0.0038 0.0073 ~ http://schroderfunds.com/20120228/role/ScheduleShareholderFees20001 column dei_DocumentInformationDocumentAxis compact ck0001236572_S000010680_225Member column dei_LegalEntityAxis compact ck0001236572_S000010680Member row primary compact * ~ ~ http://schroderfunds.com/20120228/role/ScheduleAnnualFundOperatingExpenses20002 column dei_DocumentInformationDocumentAxis compact ck0001236572_S000010680_225Member column dei_LegalEntityAxis compact ck0001236572_S000010680Member row primary compact * ~ Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) "Total Annual Fund Operating Expenses" shown above include expenses incurred indirectly by the Fund (e.g., indirect Other Expenses and/or Acquired Fund Fees and Expenses), and thus may be higher than the Ratio of Expenses to Average Net Assets included in the "Financial Highlights" section of the full prospectus. If only the operating expenses of the Fund were included in Total Annual Fund Operating Expenses, and not the indirect expenses incurred by the Fund, the Total Annual Fund Operating Expenses would be 0.36% for Investor Shares and 0.71% for Advisor Shares. Shareholder Fees (fees paid directly from your investment) Principal Investment Strategies. <p align="left" style="margin: 0pt 0pt 6pt 0pt;"> <font style="font-size: 11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">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. 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 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 <font style="font-size: 11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">diversified portfolio. 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 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, and may use options, futures contracts, and other derivative instruments in pursuing its principal strategy. 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.</font><br/> </font> </p> Portfolio Turnover. <p align="left" style="margin:0pt 0pt 6pt 0pt;"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes for you if your Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 37% of the average value of its portfolio.</font> </p> 0.37 Principal Risks. <p align="left" style="margin:0pt 0pt 6pt 0pt;"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"/><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>It is possible to lose money on an investment in the Fund.</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">The Fund will be affected by the investment decisions, techniques and risk analyses of the Fund's investment team and there is no guarantee that the Fund will achieve its investment objective. The values of investments held by the Fund may fluctuate in response to actual or perceived issuer, political, market, and economic factors influencing the financial markets generally, or relevant industries or sectors within them. Fluctuations may be more pronounced if the Fund invests substantially in one country or group of countries or in companies with smaller market capitalizations. Other principal risks of investing in the Fund include:</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Equity Securities Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">equity securities may react more strongly to changes in overall market conditions, or to a particular issuer's financial condition or prospects, than other securities of the same issuer or relative to other asset classes; in a liquidation or bankruptcy, claims of bond owners take priority over those of preferred stockholders, whose claims take priority over those of common stockholders;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Convertible Securities Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">debt securities that are convertible into preferred or common stocks are subject to the risks of both debt and equity securities;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Warrants Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">warrants involve the market risk related to the underlying securities, the counterparty risk with respect to the issuing broker, and risk of illiquidity within the trading market for warrants;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>REIT Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">REITs involve risks similar to those associated with direct ownership of real estate. Some REITs have limited diversification and some have expenses that may be indirectly incurred by shareholders of the Fund;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Foreign Securities/Currencies Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">investments in non-U.S. issuers, directly or through use of depositary receipts, may be affected by adverse political, regulatory, economic, market or other developments affecting issuers located in foreign countries, currency exchange rates or regulations, or foreign withholding taxes;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Liquidity Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">illiquid securities may be highly volatile, difficult to value, and difficult to sell or close out at favorable prices or times;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Derivatives Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">investing in derivative instruments may be considered speculative and involves leverage, liquidity, and valuation risks and the risk of losing more than the principal amount invested;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Investments in Pooled Vehicles Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">investing in another investment company subjects the Fund to that company's risks, and, in general, to a pro rata portion of that company's fees and expenses;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Valuation Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">certain securities may be difficult to value, and to the extent the Fund sells a security at a price lower than that used to value the security, its net asset value will be adversely affected; and</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Portfolio Turnover Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">if the Fund frequently trades its securities, this will increase transaction costs, may result in taxable capital gains, and may lower investment performance.</font> </p> <br/><p style="margin:0pt 0pt 6pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">Please see "Principal Risks of Investing in the Funds" in the Fund's full prospectus for a more detailed description of the Fund's risks. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</font> </p> It is possible to lose money on an investment in the Fund. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance Information. <p align="left" style="margin:0pt 0pt 6pt 0pt;"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in its total return from year to year and by comparing the Fund's average annual total returns with those of a broad-based market index. The bar chart shows the performance of the Fund's Investor Shares. The performance of Advisor Shares would be lower because of the lower expenses paid by Investor Shares.</font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><i>Past performance (before and after taxes) is not necessarily predictive of future performance.</i></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">Visit www.schroderfunds.com for more current performance information.</font> </p> Calendar Year Total Returns Calendar Year End (through 12/31) 0.1161 0.0701 0.1451 0.0657 -0.3575 0.2645 0.1484 0.0163 0.1424 ~ http://schroderfunds.com/20120228/role/ScheduleAnnualTotalReturnsBarChart20005 column dei_DocumentInformationDocumentAxis compact ck0001236572_S000010680_225Member column dei_LegalEntityAxis compact ck0001236572_S000010680Member row primary compact * ~ Highest 0.1631 2009-06-30 Lowest -0.2237 2008-12-31 <p style="margin:0pt 0pt 0pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#160;&#160;Highest and Lowest<br /> &#160;&#160;Quarter Returns</font> </p> <br/><p style="margin:0pt 0pt 3pt 0pt;" align="left"> <font style="font-size:9pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#160;&#160;(for periods shown in<br /> &#160;&#160;the bar chart)</font> </p> <br/><table border="0" cellspacing="0" cellpadding="0"> <tr> <td colspan="3" width="80" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;"> <font style="font-size:9pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">Highest</font> </td> <td colspan="1"> &#160; </td> <td colspan="3" width="80" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;"> <p style="margin:0pt 0pt 0pt 0pt"> <font style="font-size:9pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">Lowest</font> </p> </td> <td colspan="1"> &#160; </td> </tr> <tr> <td colspan="3" width="80" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;"> <font style="font-size:9pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">6/30/09</font> </td> <td colspan="1"> &#160; </td> <td colspan="3" width="80" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;"> <p style="margin:0pt 0pt 0pt 0pt"> <font style="font-size:9pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">12/31/08</font> </p> </td> <td colspan="1"> &#160; </td> </tr> <tr> <td colspan="3" width="80" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;"> <font style="font-size:9pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">16.31</font><font style="font-size:9pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">%</font> </td> <td colspan="1"> &#160; </td> <td colspan="3" width="80" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;"> <font style="font-size:9pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">-22.37</font><font style="font-size:9pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">%</font> </td> <td colspan="1"> &#160; </td> </tr> </table> 0.1424 0.0161 0.0607 0.1390 0.0130 0.0503 0.0970 0.0131 0.0493 0.1386 0.0125 0.0571 0.1600 0.0166 0.0575 2003-09-17 2003-09-17 2003-09-17 ~ http://schroderfunds.com/20120228/role/ScheduleAverageAnnualReturnsTransposed20006 column dei_DocumentInformationDocumentAxis compact ck0001236572_S000010680_225Member column dei_LegalEntityAxis compact ck0001236572_S000010680Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p style="margin:0pt 0pt 6pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">After-tax returns are shown only for Investor Shares and are estimated using the highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their shares in the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. In some cases, the return after taxes may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of Fund shares at the end of the measurement period. After-tax returns for Advisor Shares will vary.</font> </p> After-tax returns are shown only for Investor Shares and are estimated using the highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes. The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in its total return from year to year and by comparing the Fund's average annual total returns with those of a broad-based market index. Past performance (before and after taxes) is not necessarily predictive of future performance. (reflects no deduction for fees, expenses or taxes) In some cases, the return after taxes may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of Fund shares at the end of the measurement period. After-tax returns for Advisor Shares will vary. www.schroderfunds.com Average Annual Total Returns for Periods Ended December 31, 2012 Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their shares in the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Investment Objective: <p align="left" style="margin:0pt 0pt 6pt 0pt;"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">The Fund seeks long-term capital growth.</font> </p> Schroder Global Quality Fund SQQIX SQQJX Example. <p align="left" style="margin: 0pt 0pt 6pt 0pt;"> <font style="font-size: 11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">This Example is intended to help you compare the cost of investing in the Fund with the costs of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, your investment has a 5% return each year, and the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, the Example shows what your costs would be based on these assumptions. The Example is based, for the first year, on the Net <font style="font-size: 11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">Annual Fund Operating Expenses through February 28, 2014 and, for all other periods, on Total Annual Fund Operating Expenses thereafter. Returns in the table reflect the current redemption fee.</font><br/> </font> </p> 73 73 326 326 599 599 1379 1379 83 83 357 357 653 653 1493 1493 ~ http://schroderfunds.com/20120228/role/ScheduleExpenseExampleTransposed20011 column dei_DocumentInformationDocumentAxis compact ck0001236572_S000029494_924Member column dei_LegalEntityAxis compact ck0001236572_S000029494Member row primary compact * ~ ~ http://schroderfunds.com/20120228/role/ScheduleExpenseExampleNoRedemptionTransposed20012 column dei_DocumentInformationDocumentAxis compact ck0001236572_S000029494_924Member column dei_LegalEntityAxis compact ck0001236572_S000029494Member row primary compact * ~ Institutional Shares (whether or not shares are redeemed) Institutional Shares (whether or not shares are redeemed) Fees and Expenses of the Fund: <p align="left" style="margin:0pt 0pt 6pt 0pt;"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.</font> </p> -0.0200 -0.0200 0.0055 0.0055 0.0000 0.0000 0.0061 0.0071 0.0001 0.0001 0.0117 0.0127 -0.0046 -0.0046 0.0071 0.0081 ~ http://schroderfunds.com/20120228/role/ScheduleShareholderFees20009 column dei_DocumentInformationDocumentAxis compact ck0001236572_S000029494_924Member column dei_LegalEntityAxis compact ck0001236572_S000029494Member row primary compact * ~ ~ http://schroderfunds.com/20120228/role/ScheduleAnnualFundOperatingExpenses20010 column dei_DocumentInformationDocumentAxis compact ck0001236572_S000029494_924Member column dei_LegalEntityAxis compact ck0001236572_S000029494Member row primary compact * ~ 2014-02-28 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) "Net Annual Fund Operating Expenses" shown above include expenses incurred indirectly by the Fund (e.g., indirect Other Expenses and/or Acquired Fund Fees and Expenses), and thus may be higher than the Ratio of Expenses to Average Net Assets included in the "Financial Highlights" section of the full prospectus. If only the operating expenses of the Fund were included in Net Annual Fund Operating Expenses, and not the indirect expenses incurred by the Fund, the Net Annual Fund Operating Expenses of Institutional Shares would be 0.70% and of Institutional Service Shares would be 0.80%. "Other Expenses" for Institutional Service Shares are based on estimated amounts for the current fiscal year. Shareholder Fees (fees paid directly from your investment) Principal Investment Strategies. <p align="left" style="margin:0pt 0pt 6pt 0pt;"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">The Fund invests primarily in a diversified portfolio of equity and equity related securities of companies located in a number of countries around the world (including the United States) that the Fund's investment sub-adviser considers to be of high quality.</font> </p> <br/><p style="margin:0pt 0pt 6pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">The sub-adviser considers high quality companies to have some or all of the following characteristics: profitability, stability, financial strength, and management quality. The sub-adviser seeks to avoid companies that it considers to have glamour stock attributes, such as high beta, volatility, and excessive trading activity. The Fund may also invest in companies that the Fund's sub-adviser believes present attractive valuations. Company valuation is assessed using a number of valuation metrics including those based on: dividends, cash-flow, earnings, sales and asset-based measures. The sub-adviser is not constrained by benchmark weights when it constructs the Fund's portfolio. The Fund generally sells securities when the Fund's sub-adviser believes they no longer have desirable quality or valuation characteristics or for risk management to take advantage of other investments the Fund's sub-adviser considers more attractive. The sub-adviser's process includes a careful evaluation of a variety of risks that may affect the Fund's portfolio holdings. The sub-adviser's investment process may result in frequent trading of the Fund's portfolio securities.</font> </p> <br/><p style="margin:0pt 0pt 6pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">The Fund may invest in common and preferred stocks, convertible securities and warrants of companies of any size market capitalization, including large, well known companies, as well as smaller, less closely followed companies, including micro-cap companies. The Fund may invest in American Depositary Receipts (ADRs), as well as global depositary receipts (GDRs), European Depositary Receipts (EDRs) or other similar securities representing ownership of foreign securities. The Fund may also invest in residential or commercial real estate investment trusts (REITs), closed-end funds, open-end funds, or exchange-traded funds. REITs may be listed on an exchange or unlisted. The Fund may use exchange-traded or over-the-counter derivatives, including options, swap transactions, and futures contracts, in order to gain long or short exposure to particular securities or markets in connection with hedging transactions, for efficient portfolio management or otherwise to enhance return. The Fund may, but is not required to, enter into foreign currency exchange transactions, for hedging purposes or to adjust the exposure of the Fund to changes in the values of various foreign currencies.</font> </p> <br/><p style="margin:0pt 0pt 6pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">The Fund may, from time to time, invest more than 25% of its assets in any one country or group of countries and may invest in emerging market countries. (The sub-adviser currently considers an issuer to be located in a country if it is organized under the laws of and its equity securities are principally traded in that country, or if it is domiciled or has its principal place of business in a country and its equity securities are principally traded in that country, or if the sub-adviser determines that the issuer has more than 50% of its assets in, or derives more than 50% of its revenues from, that country.)</font> </p> Portfolio Turnover. <p align="left" style="margin:0pt 0pt 6pt 0pt;"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes for you if your Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 94% of the average value of its portfolio.</font> </p> 0.94 Principal Risks. <p align="left" style="margin:0pt 0pt 6pt 0pt;"><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>It is possible to lose money on an investment in the Fund.</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">The Fund will be affected by the investment decisions, techniques, and risk analyses of the Fund's investment team, and there is no guarantee that the Fund will achieve its investment objective. The values of investments held by the Fund may fluctuate in response to actual or perceived issuer, political, market, and economic factors influencing the financial markets generally, or relevant industries or sectors within them. Fluctuations may be more pronounced if the Fund invests substantially in one country or group of countries or in companies with smaller market capitalizations. Other principal risks of investing in the Fund include:</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Foreign Securities/Currencies Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">investments in non-U.S. issuers, directly or through use of depositary receipts, may be affected by adverse political, regulatory, economic, market or other developments affecting issuers located in foreign countries, currency exchange rates or regulations, or foreign withholding taxes;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Emerging Markets Securities Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">compared to foreign developed markets, investing in emerging markets may involve heightened volatility, greater political, regulatory, legal and economic uncertainties, less liquidity, dependence on particular commodities or international aid, high levels of inflation, and certain special risks associated with smaller capitalization companies;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Equity Securities Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">equity securities may react more strongly to changes in overall market conditions, or to a particular issuer's financial condition or prospects, than other securities of the same issuer or relative to other asset classes; in a liquidation or bankruptcy, claims of bond owners take priority over those of preferred stockholders, whose claims take priority over those of common stockholders;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Convertible Securities Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">debt securities that are convertible into preferred or common stocks are subject to the risks of both debt and equity securities;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Warrants Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">warrants involve the market risk related to the underlying securities, the counterparty risk with respect to the issuing broker, and risk of illiquidity within the trading market for warrants;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Investments in Pooled Vehicles Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">investing in another investment company subjects the Fund to that company's risks, and, in general, to a pro rata portion of that company's fees and expenses;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Derivatives Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">investing in derivative instruments may be considered speculative and involves leverage, liquidity, and valuation risks and the risk of losing more than the principal amount invested;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Liquidity Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">illiquid securities may be highly volatile, difficult to value, and difficult to sell or close out at favorable prices or times. Investments in foreign securities, including emerging market securities, tend to have greater exposure to liquidity risk;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Valuation Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">certain securities may be difficult to value, and to the extent the Fund sells a security at a price lower than that used to value the security, its net asset value will be adversely affected;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Small and Mid Cap Companies Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">investments in securities issued by smaller companies tend to be more vulnerable to adverse developments than larger companies, and may present increased liquidity risk;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Geographic Focus Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">to the extent that the Fund invests a substantial amount of its assets in one country or group of countries, its performance may at times be worse than the performance of other mutual funds that invest more broadly;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Depositary Receipts Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">investments in non-U.S. issuers through depositary receipts and similar instruments may involve certain risks not applicable to investing in U.S. issuers, including changes in currency rates, application of local tax laws, changes in governmental administration or economic or monetary policy or changed circumstances in dealings between nations;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>REIT Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">REITs involve risks similar to those associated with direct ownership of real estate. The Fund bears its share of the expenses incurred by REITs in which it invests;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Over-the-Counter Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">securities traded in over-the-counter markets may trade less frequently and in limited volumes and thus exhibit more volatility, and the prices paid by the Fund for such securities may include an undisclosed dealer markup;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Management Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">because the Fund is actively managed, the Fund's investment return depends on the ability of its adviser and/or sub-adviser to manage its portfolio successfully; and</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Portfolio Turnover Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">if the Fund frequently trades its securities, this will increase transaction costs, may result in taxable capital gains, and may lower investment performance.</font> </p> <br/><p style="margin:0pt 0pt 6pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">Please see "Principal Risks of Investing in the Funds" in the Fund's full prospectus for a more detailed description of the Fund's risks. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</font> </p> It is possible to lose money on an investment in the Fund. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance Information. <p align="left" style="margin:0pt 0pt 6pt 0pt;"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in its total return from year to year and by comparing the Fund's average annual total returns with those of a broad-based market index. The bar chart only shows the performance of the Fund's Institutional Shares. The performance of Institutional Service Shares would be lower because of the lower expenses paid by Institutional Shares.</font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><i>Past performance (before and after taxes) is not necessarily predictive of future performance.</i></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">Visit www.schroderfunds.com for more current performance information.</font> </p> Calendar Year Total Returns Calendar Year End (through 12/31) -0.0454 0.1733 ~ http://schroderfunds.com/20120228/role/ScheduleAnnualTotalReturnsBarChart20013 column dei_DocumentInformationDocumentAxis compact ck0001236572_S000029494_924Member column dei_LegalEntityAxis compact ck0001236572_S000029494Member row primary compact * ~ Highest 0.1139 2012-03-31 Lowest -0.1679 2011-09-30 <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td colspan="3" width="100" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;"> <font style="font-size:10pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">Highest and Lowest<br /> </font> <font style="font-size:10pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">Quarter Returns</font> </td> <td colspan="1"> &#160; </td> </tr> <tr> <td colspan="3" width="100" align="left" valign="bottom" style="padding:0pt .7pt 3pt 0pt;"> <font style="font-size:9pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">(for periods shows in<br /> </font> <font style="font-size:9pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">the bar chart)</font> </td> <td colspan="1"> &#160; </td> </tr> </table> <br/><table border="0" cellspacing="0" cellpadding="0"> <tr> <td colspan="3" width="78" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;"> <font style="font-size:9pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">Highest</font> </td> <td colspan="1"> &#160; </td> <td colspan="3" width="76" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;"> <p style="margin:0pt 0pt 0pt 0pt"> <font style="font-size:9pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">Lowest</font> </p> </td> <td colspan="1"> &#160; </td> </tr> <tr> <td colspan="3" width="78" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;"> <font style="font-size:9pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">3/31/12</font> </td> <td colspan="1"> &#160; </td> <td colspan="3" width="76" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;"> <p style="margin:0pt 0pt 0pt 0pt"> <font style="font-size:9pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">9/30/11</font> </p> </td> <td colspan="1"> &#160; </td> </tr> <tr> <td colspan="3" width="46" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;"> <font style="font-size:9pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">11.39</font><font style="font-size:9pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">%</font> </td> <td colspan="1"> &#160; </td> <td colspan="3" width="44" align="left" valign="bottom" style="padding:0pt .7pt 0pt 0pt;"> <font style="font-size:9pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">-16.79</font><font style="font-size:9pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">%</font> </td> <td colspan="1"> &#160; </td> </tr> </table> 0.1733 0.0670 0.1696 0.0642 0.1183 0.0576 0.1721 0.0664 0.1583 0.0521 2010-11-09 2010-11-09 2010-11-09 ~ http://schroderfunds.com/20120228/role/ScheduleAverageAnnualReturnsTransposed20014 column dei_DocumentInformationDocumentAxis compact ck0001236572_S000029494_924Member column dei_LegalEntityAxis compact ck0001236572_S000029494Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p style="margin:0pt 0pt 6pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">After-tax returns are shown only for Institutional Shares and are estimated using the highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their shares in the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. In some cases, the return after taxes may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of Fund shares at the end of the measurement period. After-tax returns for Institutional Service Shares will vary.</font> </p> <br/><p style="margin:0pt 0pt 6pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">Returns for Institutional Service Shares will vary from the returns for Institutional Shares.</font> </p> After-tax returns are shown only for Institutional Shares and are estimated using the highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes. The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in its total return from year to year and by comparing the Fund's average annual total returns with those of a broad-based market index. Past performance (before and after taxes) is not necessarily predictive of future performance. (reflects no deduction for fees, expenses or taxes) In some cases, the return after taxes may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of Fund shares at the end of the measurement period. After-tax returns for Institutional Service Shares will vary. www.schroderfunds.com Average Annual Total Returns for Periods Ended December 31, 2012 Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their shares in the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Investment Objective: <p align="left" style="margin:0pt 0pt 6pt 0pt;"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">The Fund seeks long-term capital appreciation.</font> </p> Schroder Global Value Fund SQVIX SQVJX Example. <p align="left" style="margin:0pt 0pt 6pt 0pt;"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">This Example is intended to help you compare the cost of investing in the Fund with the costs of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, your investment has a 5% return each year, and the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, the Example shows what your costs would be based on these assumptions. The Example is based, for the first year, on the Net Annual Fund Operating Expenses and, for all other periods, on Total Annual Fund Operating Expenses thereafter. Returns in the table reflect the current redemption fee.</font> </p> 72 72 374 374 82 82 405 405 ~ http://schroderfunds.com/20120228/role/ScheduleExpenseExampleTransposed20019 column dei_DocumentInformationDocumentAxis compact ck0001236572_S000029493_983Member column dei_LegalEntityAxis compact ck0001236572_S000029493Member row primary compact * ~ ~ http://schroderfunds.com/20120228/role/ScheduleExpenseExampleNoRedemptionTransposed20020 column dei_DocumentInformationDocumentAxis compact ck0001236572_S000029493_983Member column dei_LegalEntityAxis compact ck0001236572_S000029493Member row primary compact * ~ Institutional Shares (whether or not shares are redeemed) Institutional Shares (whether or not shares are redeemed) Fees and Expenses of the Fund: <p align="left" style="margin:0pt 0pt 6pt 0pt;"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.</font> </p> -0.0200 -0.0200 0.0055 0.0055 0.0000 0.0000 0.0085 0.0095 0.0140 0.0150 -0.0070 -0.0070 0.0070 0.0080 ~ http://schroderfunds.com/20120228/role/ScheduleShareholderFees20017 column dei_DocumentInformationDocumentAxis compact ck0001236572_S000029493_983Member column dei_LegalEntityAxis compact ck0001236572_S000029493Member row primary compact * ~ ~ http://schroderfunds.com/20120228/role/ScheduleAnnualFundOperatingExpenses20018 column dei_DocumentInformationDocumentAxis compact ck0001236572_S000029493_983Member column dei_LegalEntityAxis compact ck0001236572_S000029493Member row primary compact * ~ 2014-02-28 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) "Other Expenses" are based on estimated amounts for the current fiscal year. Shareholder Fees (fees paid directly from your investment) Principal Investment Strategies. <p align="left" style="margin:0pt 0pt 6pt 0pt;"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">The Fund invests primarily in a diversified portfolio of equity and equity related securities of companies located in a number of countries around the world (including the United States), that the Fund's sub-adviser believes present attractive valuations.</font> </p> <br/><p style="margin:0pt 0pt 6pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">The sub-adviser applies a proprietary investment analysis based on an evaluation of a number of valuation metrics including those based on: dividends, cash-flow, earnings, sales and asset-based measures. Geographic and sector allocations are principally the result of this selection. The sub-adviser is not constrained by benchmark weights when it constructs the Fund's portfolio. The Fund generally sells securities when the sub-adviser believes they are fully priced or to take advantage of other investments the Fund's sub-adviser considers more attractive. The sub-adviser's process includes a careful evaluation of a variety of risks that may affect the Fund's portfolio holdings. The sub-adviser's investment process may result in frequent trading of the Fund's portfolio securities.</font> </p> <br/><p style="margin:0pt 0pt 6pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">The Fund may invest in common and preferred stocks, convertible securities and warrants of companies of any size market capitalization, including large, well known companies, as well as smaller, less closely followed companies, including micro-cap companies. The Fund may invest in American Depositary Receipts (ADRs), as well as global depositary receipts (GDRs), European Depositary Receipts (EDRs) or other similar securities representing ownership of foreign securities. The Fund may also invest in residential or commercial real estate investment trusts (REITs), closed-end funds, open-end funds, or exchange-traded funds. REITs may be listed on an exchange or unlisted. The Fund may use exchange-traded or over-the-counter derivatives, including options, swap transactions, and futures contracts, in order to gain long or short exposure to particular securities or markets in connection with hedging transactions, for efficient portfolio management or otherwise to enhance return. The Fund may, but is not required to, enter into foreign currency exchange transactions, for hedging purposes or to adjust the exposure of the Fund to changes in the values of various foreign currencies.</font> </p> <br/><p style="margin:0pt 0pt 6pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">The Fund may, from time to time, invest more than 25% of its assets in any one country or group of countries and may invest in emerging market countries. (The sub-adviser currently considers an issuer to be located in a country if it is organized under the laws of and its equity securities are principally traded in that country, or if it is domiciled or has its principal place of business in a country and its equity securities are principally traded in that country, or if the sub-adviser determines that the issuer has more than 50% of its assets in, or derives more than 50% of its revenues from, that country.)</font> </p> Portfolio Turnover. <p align="left" style="margin:0pt 0pt 6pt 0pt;"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes for you if your Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund's performance.</font> </p> Principal Risks. <p align="left" style="margin:0pt 0pt 6pt 0pt;"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"/><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>It is possible to lose money on an investment in the Fund.</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">The Fund will be affected by the investment decisions, techniques, and risk analyses of the Fund's investment team, and there is no guarantee that the Fund will achieve its investment objective. The values of investments held by the Fund may fluctuate in response to actual or perceived issuer, political, market, and economic factors influencing the financial markets generally, or relevant industries or sectors within them. Fluctuations may be more pronounced if the Fund invests substantially in one country or group of countries or in companies with smaller market capitalizations. Other principal risks of investing in the Fund include:</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Foreign Securities/Currencies Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">investments in non-U.S. issuers, directly or through use of depositary receipts, may be affected by adverse political, regulatory, economic, market or other developments affecting issuers located in foreign countries, currency exchange rates or regulations, or foreign withholding taxes;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Emerging Markets Securities Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">compared to foreign developed markets, investing in emerging markets may involve heightened volatility, greater political, regulatory, legal and economic uncertainties, less liquidity, dependence on particular commodities or international aid, high levels of inflation, and certain special risks associated with smaller capitalization companies;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Equity Securities Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">equity securities may react more strongly to changes in overall market conditions, or to a particular issuer's financial condition or prospects, than other securities of the same issuer or relative to other asset classes; in a liquidation or bankruptcy, claims of bond owners take priority over those of preferred stockholders, whose claims take priority over those of common stockholders;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Convertible Securities Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">debt securities that are convertible into preferred or common stocks are subject to the risks of both debt and equity securities;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Warrants Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">warrants involve the market risk related to the underlying securities, the counterparty risk with respect to the issuing broker, and risk of illiquidity within the trading market for warrants;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Investments in Pooled Vehicles Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">investing in another investment company subjects the Fund to that company's risks, and, in general, to a pro rata portion of that company's fees and expenses;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Derivatives Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">investing in derivative instruments may be considered speculative and involves leverage, liquidity, and valuation risks and the risk of losing more than the principal amount invested;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Liquidity Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">illiquid securities may be highly volatile, difficult to value, and difficult to sell or close out at favorable prices or times. Investments in foreign securities, including emerging market securities, tend to have greater exposure to liquidity risk;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Valuation Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">certain securities may be difficult to value, and to the extent the Fund sells a security at a price lower than that used to value the security, its net asset value will be adversely affected;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Small and Mid Cap Companies Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">investments in securities issued by smaller companies tend to be more vulnerable to adverse developments than larger companies, and may present increased liquidity risk;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Geographic Focus Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">to the extent that the Fund invests a substantial amount of its assets in one country or group of countries, its performance may at times be worse than the performance of other mutual funds that invest more broadly;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Depositary Receipts Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">investments in non-U.S. issuers through depositary receipts and similar instruments may involve certain risks not applicable to investing in U.S. issuers, including changes in currency rates, application of local tax laws, changes in governmental administration or economic or monetary policy or changed circumstances in dealings between nations;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>REIT Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">REITs involve risks similar to those associated with direct ownership of real estate. The Fund bears its share of the expenses incurred by REITs in which it invests;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Over-the-Counter Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">securities traded in over-the-counter markets may trade less frequently and in limited volumes and thus exhibit more volatility, and the prices paid by the Fund for such securities may include an undisclosed dealer markup;</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Management Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">because the Fund is actively managed, the Fund's investment return depends on the ability of its adviser and/or sub-adviser to manage its portfolio successfully; and</font> </p> <br/><p style="margin:0pt 0pt 5pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">&#8226;&#160;&#160;</font><font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;"><b>Portfolio Turnover Risk:</b></font> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">if the Fund frequently trades its securities, this will increase transaction costs, may result in taxable capital gains, and may lower investment performance.</font> </p> <br/><p style="margin:0pt 0pt 6pt 0pt;" align="left"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">Please see "Principal Risks of Investing in the Funds" in the Fund's full prospectus for a more detailed description of the Fund's risks. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</font> </p> It is possible to lose money on an investment in the Fund. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance Information. <p align="left" style="margin:0pt 0pt 6pt 0pt;"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">The Fund has not yet commenced operations and does not yet have a calendar year of investment performance.</font> </p> The Fund has not yet commenced operations and does not yet have a calendar year of investment performance. Investment Objective: <p align="left" style="margin:0pt 0pt 6pt 0pt;"> <font style="font-size:11pt; font-family: Times New Roman PS Std, Times New Roman PS, Times New Roman, Times;">The Fund seeks long-term capital appreciation.</font> </p> EX-101.SCH 3 ck0001236572-20120228.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 000001 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 020000 - Document - Risk/Return Summary {Unlabeled} - NORTH AMERICAN EQUITY FUND link:presentationLink link:definitionLink link:calculationLink 020001 - Schedule - Shareholder Fees link:presentationLink link:definitionLink link:calculationLink 020002 - Schedule - Annual Fund Operating Expenses link:presentationLink link:definitionLink link:calculationLink 020003 - Schedule - Expense Example {Transposed} link:presentationLink link:definitionLink link:calculationLink 020004 - Schedule - Expense Example No Redemption {Transposed} link:presentationLink link:definitionLink link:calculationLink 020005 - Schedule - Annual Total Returns [Bar Chart] link:presentationLink link:definitionLink link:calculationLink 020006 - Schedule - Average Annual Returns {Transposed} link:presentationLink link:definitionLink link:calculationLink 020008 - Document - Risk/Return Summary {Unlabeled} - Schroder Global Quality Fund link:presentationLink link:definitionLink link:calculationLink 020009 - Schedule - Shareholder Fees link:presentationLink link:definitionLink link:calculationLink 020010 - Schedule - Annual Fund Operating Expenses link:presentationLink link:definitionLink link:calculationLink 020011 - Schedule - Expense Example {Transposed} link:presentationLink link:definitionLink link:calculationLink 020012 - Schedule - Expense Example No Redemption {Transposed} link:presentationLink link:definitionLink link:calculationLink 020013 - Schedule - Annual Total Returns [Bar Chart] link:presentationLink link:definitionLink link:calculationLink 020014 - Schedule - Average Annual Returns {Transposed} link:presentationLink link:definitionLink link:calculationLink 020016 - Document - Risk/Return Summary {Unlabeled} - Schroder Global Value Fund link:presentationLink link:definitionLink link:calculationLink 020017 - Schedule - Shareholder Fees link:presentationLink link:definitionLink link:calculationLink 020018 - Schedule - Annual Fund Operating Expenses link:presentationLink link:definitionLink link:calculationLink 020019 - Schedule - Expense Example {Transposed} link:presentationLink link:definitionLink link:calculationLink 020020 - Schedule - Expense Example No Redemption {Transposed} link:presentationLink link:definitionLink link:calculationLink 020007 - Disclosure - Risk/Return Detail Data {Elements} - NORTH AMERICAN EQUITY FUND link:presentationLink link:definitionLink link:calculationLink 020015 - Disclosure - Risk/Return Detail Data {Elements} - Schroder Global Quality Fund link:presentationLink link:definitionLink link:calculationLink 020021 - Disclosure - Risk/Return Detail Data {Elements} - Schroder Global Value Fund link:presentationLink link:definitionLink link:calculationLink EX-101.LAB 4 ck0001236572-20120228_lab.xml XBRL TAXONOMY EXTENSION LABELS LINKBASE DOCUMENT EX-101.DEF 5 ck0001236572-20120228_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.PRE 6 ck0001236572-20120228_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT