mFunds FAQ

mFund products are unlisted managed funds admitted for settlement under the ASX Operating Rules. They provide investors, SMSF trustees and their advisers with a way to access asset classes not readily available through listed shares on the ASX. Although not listed on the ASX, mFund products are bought or sold through the ASX in a way that is similar to buying or selling a listed security. mFund provides access to a growing number of unlisted managed funds and can deliver benefits, opportunities and advantages for direct investors.

Using a brokerage account the mFund settlement service provides a straight through process (STP) to invest into a managed fund, removing the need for extensive paper work and potential errors and/or delays associated with completing forms.

Schroders currently offers eight funds on the mFund Settlement Service across a range of asset classes. The mFund Settlement Service allows you to buy, hold and sell units in Schroders unlisted managed funds through a process similar to buying and selling shares.

mFunds are accessed via an ASX broker participating in the mFund service. The broker will complete the transaction on the clients’ behalf, and will hold the mFund alongside any other investments, such as shares.

The broker will:

• Provide the mFund PDS

• Answer your mFund queries

• Provide your confirmation statement on your mFund purchase

• Complete your Identification requirements and Anti-Money Laundering & Counter-Terrorism Finance paperwork

The ASX provides the framework which supports the mFund Settlement Service by ensuring all parties, including stockbrokers, fund issuers and unit registrars are accountable for their roles and responsibilities.

Schroder Investment Management Australia Limited is the issuer of Schroder mFund products. Through purchasing units in a particular Schroders mFund product you are engaging the Schroders investment professionals to invest the funds on your behalf in the manner set out by the Product Disclosure Statement (PDS).

We have responsibility for A$1365.8 billion of assets* on behalf of institutional and retail investors, from around the world. Their assets are invested across equities, fixed income and alternatives.

We employ over 5811 people worldwide who operate from 38 different locations across Europe, the Americas, Asia and the Middle East. We are close to the markets in which we invest and our clients.

Schroders has developed under stable ownership for over 200 years. Long-term thinking governs our approach to investing, building client relationships and growing our business.

* All data as at 30 June 2022

A PDS provides investors with important information about the product they are buying to ensure they are informed before committing to the product. The Schroders' PDS documents can be found here.

CHESS (Clearing House Electronic Subregister System) is the computer system used by the ASX to record shareholdings and manage the settlement of security transactions.

Once registered all investments are linked to an investor Holder Identification Number (HIN), which is also used to record any direct share investments.

The 10 funds currently made available on mFunds have been selected to provide investors with the opportunity to diversify and gain exposure to our capabilities in Australian equities, international equities, fixed income and multi asset.

As this offering develops, Schroders will continue to assess the products available and will update where appropriate.

• You can still access our funds, either directly by completing the paper application form in the PDS, or through financial advisers and other industry platforms.
• The mFund settlement service is simply an additional way to access Schroders’ capabilities.
• If you have an existing relationship with a broker, much of the duplicate paperwork may be avoided (your broker will advise of any associated costs). All share holdings and managed funds can now be stored under the same HIN, which may assist in making reporting and tax returns a more efficient process.
• Schroders has the same fees on its wholesale funds, whether direct or through mFunds.
• If you require financial advice, we recommend you speak with a professional adviser.