Schroder ISF

2022

Schroder ISFActionEffective DateNotes
SISF Securitised CreditTemporary increase of dilution adjustment rate28/09/2022Shareholder letter
SISF Global Credit High IncomeFixed Distribution Review 202228/09/2022Shareholder letter
SISF European Sustainable ValueFixed Distribution Review 202228/09/2022Shareholder letter
SISF Global Credit Income
Fixed Distribution Review 202228/09/2022Shareholder letter
SISF Global Diversified Growth
Net to Gross Performance fee target16/08/2022Shareholder letter
Schroder ISF
Investment policy update for China-A shares15/07/2022Shareholder letter
SISF Short Duration Dynamic BondNew comparator benchmark15/07/2022Shareholder letter
SISF Strategic BondNew comparator benchmark15/07/2022Shareholder letter
SISF Japan DGFChange of dealing cut-off and dealing settlement22/08/2022Shareholder letter
Schroder ISFArticle 8 (SFDR) related changes01/09/2022Shareholder letter
SISF Global Diversified GrowthReduction of AMC and change of benchmark16/08/2022Shareholder letter
SISF Global Climate Change EquityInvestment policy update16/08/2022Shareholder letter
Schroder ISFAddition of SFDR exclusion wording16/08/2022Shareholder letter
SISF Greater ChinaIncrease of China A exposure16/08/2022Shareholder letter
SISF Global Multi CreditRestructure16/08/2022Shareholder letter
SISF Hong Kong Dollar BondChange of investment policy and benchmark16/08/2022Shareholder letter
SISF US Smaller CompaniesFund restructure & SFDR change16/08/2022Shareholder letter
SISF Emerging Markets Hard CurrencyChange of benchmark16/08/2022Shareholder letter
SISF Global Multi-Asset BalancedChange of investment policy and benchmark16/08/2022Shareholder letter
Schroder ISFSustainable Finance Disclosure Regulation (“SFDR”)01/09/2022Shareholder letter
Appendix
SISF Emerging Europe
Reorganisation of the Fund for Russian Assets18/07/2022Shareholder letter
Unpublished NAV
SISF Emerging EuropeRéorganisation du Compartiment pour les actifs russes04/07/2022Shareholder letter
Unpublished NAV
SISF Emerging EuropeReorganisatie van het Fonds voor Russische Activa04/07/2022Shareholder letter
Unpublished NAV
SISF Asian Convertible BondOGC reduction - C shares01/08/2022Shareholder letter
SISF Securitised CreditDe-registration of fund in France13/06/2022Shareholder letter
SISF Alternative Securitised IncomeDe-registration of fund in France13/06/2022Shareholder letter
SISF Global Conservative Convertible BondMerger with SISF Global Sustainable Convertible Bond08/06/2022Shareholder letter
SISF Global Sustainable Convertible BondSISF Global Conservative Convertible Bond merger with SISF Global Sustainable Convertible Bond08/06/2022Shareholder letter
SISF Emerging Europe FundNAV suspension17/3/2022Shareholder letter
SISF Sustainable Asian Equity
Rename of A Acc share class28/02/2022Shareholder letter
SISF Sustainable Asian EquityIncrease of AMC fee01/05/2022Shareholder letter
SISF Emerging EuropeNAV suspension28/02/2022Shareholder letter
SISF US Large Cap
Change of investment manager01/04/2022Shareholder letter
SISF  Global Equity AlphaChange of investment manager01/04/2022Shareholder letter
SISF Global Emerging Market Opportunities
Sustainable Finance Disclosure Regulation (“SFDR”)30/03/2022Shareholder letter
SISF European Alpha Absolute Return
AMC reduction01/03/2022Shareholder letter
SISF Sustainable European Market Neutral
SISF European Equity Absolute Return merger with SISF Sustainable European Market Neutral22/03/2022Shareholder letter
SISF European Equity Absolute Return
Merger with SISF Sustainable European Market Neutral22/03/2022Shareholder letter
Schroder ISF
Deloitte appointment11/01/2022Shareholder letter
Schroder ISF Middle EastMerger of fund with SISF Frontier Markets21/02/2022Shareholder letter
Schroder ISF Frontier MarketsSISF Middle East merger into SISF Frontier Markets21/02/2022Shareholder letter
SISF Euro EquityAdjustment of ManCo fee10/02/2022Shareholder letter
SISF European Equity Absolute Return
Performance fee & comparator benchmark change01/01/2022Shareholder letter
SISF Sustainable European Market NeutralPerformance fee & comparator benchmark change01/01/2022Shareholder letter

2021

Schroder ISFActionEffective DateNotes
Restructure of J.P. Morgan BankRestructure of J.P. Morgan Bank Luxembourg S.A., the depositary and the administrator21/12/2021Fund notification
SISF UK Equity
Reduction in annual management charge24/11/2021Shareholder letter
SISF Digital InfrastructureDealing cut-off amendment11/11/2021Shareholder letter
SISF China Opportunities
Exposure to China A shares01/11/2021Shareholder letter
Schroder ISF
Sustainable Finance Disclosure Regulation (“SFDR”)29/10/2021Shareholder letter
SISF US Smaller Companies
Investment policy/SFDR update29/10/2021Shareholder letter
SISF US Small and Mid-Cap EquityInvestment policy/SFDR update29/10/2021Shareholder letter
SISF Multi-Asset Growth and Income
Investment objective/policy update29/10/2021Shareholder letter
SISF Global Multi-Asset Income
Investment objective/policy update29/10/2021Shareholder letter
SISF European Equity Yield
Restructure29/10/2021Shareholder letter
SISF European Alpha Absolute Return
Investment policy & SFDR update29/10/2021Shareholder letter
SISF Emerging Multi-Asset Income
Fund restructure29/10/2021Shareholder letter
Schroder ISF
New bank details for Standing Settlement Instructions22/09/2021Shareholder letter
Schroder ISFAmendment to investment policies (China A Derivatives - Investment Purposes)14/September/2021Shareholder letter
Schroder ISFAmendment to investment policies (China A Derivatives - EPM)14/September/2021Shareholder letter
SISF European Sustainable EquityChange of comparator benchmark14/September/2021Shareholder letter
SISF Alternative Securitised IncomeChange of investment policy14/September/2021Shareholder letter
SISF European Value
Change of investment policy11/October/2021Shareholder letter
SISF Sustainable Multi-Asset
Change of fund name & investment policy11/October/2021Shareholder letter
SISF Frontier Markets
Change of benchmark30/June/2021Shareholder letter
SISF Asia Pacific ex-Japan EquityInvestment objective and policy change21/June/2021Shareholder letter
SISF Strategic CreditInvestment objective and investment policy change21/June/2021Shareholder letter
SISF QEP Global Active Value
SISF QEP Global ESG ex Fossil Fuels
Investment policy change21/June/2021Shareholder letter
SISF Flexible RetirementChange of the Fund's name, investment objective and policy, and investment manager21/June/2021Shareholder letter
SISF European Alpha FocusChange of the Fund's name, investment objective and policy21/June/2021Shareholder letter
SISF CommodityChange of the Fund's expected leverage21/June/2021Shareholder letter
SISF Global Cities Real EstateChange of the Fund’s name and benchmark21/June/2021Shareholder letter
SISF QEP Global Value Plus
Liquidation14/June/2021Shareholder letter
SISF Alternative Securitised Income
SISF Asian Total Return
SISF Global Target Return
SISF Multi-Asset Total Return
SISF Securitised Credit
Change of benchmarks of the Funds18/May/2021Shareholder letter
Schroder ISFProspectus update18/May/2021Shareholder letter
SISF Hong Kong EquityInvestment objective and investment policy change18/May/2021Shareholder letter
SISF Global Smaller Companies
SISF Japanese Equity
SISF Japanese Opportunities
SISF Japanese Smaller Companies
SISF US Small & Mid Cap Equity
SISF US Smaller Companies
Change of target benchmarks of the Funds18/May/2021Shareholder letter
SISF Global EquityChange of target benchmark of the Fund18/May/2021Shareholder letter
SISF Global Emerging Market OpportunitiesInvestment policy change18/May/2021Shareholder letter
SISF All China EquityChange of target benchmark of the Fund18/May/2021Shareholder letter
SISF BRIC (Brazil, Russia, India, China)Investment policy change18/May/2021Shareholder letter
SISF Emerging Markets
SISF Emerging Markets Equity Alpha
SISF Emerging Multi-Asset Income
SISF Global Emerging Markets Smaller Companies
SISF Multi Asset Growth and Income
SISF QEP Global Core
SISF QEP Global Emerging Markets
SISF QEP Global ESG
SISF QEP Global Quality
SISF Smart Manufacturing
Investment policy change18/May/2021Shareholder letter
QEP Global Equity Market NeutralLiquidação20/04/2021Shareholder letter
Schroder ISFSustainable Finance Disclosure Regulation (“SFDR”)06/04/2021Shareholder letter
Schroder ISFUK Alpha Income merger with Schroder International
Selection Fund — UK Equity
17/02/2021Shareholder letter
Schroder ISFUK Alpha Income17/02/2021Shareholder letter
Schroder ISF
Distribution policy change notification19/02/2021Shareholder letter
Global Multi-Credit
Change of investment manager25/01/2021Shareholder letter
Sustainable European Market NeutralChange of valuation point - correction letter22/01/2021Shareholder letter
Emerging Europe USD IZ Acc Share ClassCompulsory Redemption22/01/2021Shareholder letter
QEP Global Active ValueCompulsory Redemption22/01/2021Shareholder letter
European Sustainable Equity
Receipt of assets from European Opportunities through a merger18/01/2021Shareholder letter
European OpportunitiesMerger with European Sustainable Equity18/01/2021Shareholder letter
Global EnergyInvestment Objective, Policy and Benchmark18/01/2021Shareholder letter

2020

Schroder ISFActionEffective DateNotes
Sustainable Multi-Asset IncomeChange of distribution policy24/12/2020Shareholder letter
SISF ProspectusSub-Investment Managers17/12/2020Shareholder letter
Asian Dividend MaximiserClarification of income target14/12/2020Shareholder letter
European Dividend Maximiser Clarification of income target14/12/2020Shareholder letter
Global Dividend MaximiserClarification of income target14/12/2020Shareholder letter
QEP Global CoreClarification of investment policy14/12/2020Shareholder letter
Schroder International Selection Fund
Update to investment objectives and policies in light of benchmark regulations16/11/2020Shareholder letter
QEP Global BlendMerger with QEP Global ESG02/11/2020Shareholder letter
QEP Global ESGReceipt of assets from QEP Global Blend through a merger02/11/2020Shareholder letter
Schroder International Selection FundRemoval of Plan d’Epargne en Actions (“PEA”) from certain sub-funds01/10/2020Shareholder letter
SISF Semi-Annual DistributionsCorrection Letter28/07/2020Shareholder letter
Sustainable Euro CreditChange of Investment Manager to German Branch24/06/2020Shareholder letter
EURO Credit Absolute ReturnChange of Investment Manager to German24/06/2020Shareholder letter
EURO Credit ConvictionChange of Investment Manager to German Branch24/06/2020Shareholder letter
All China Credit IncomeChange to the Distribution Policy of Class A USD Distribution22/05/2020Shareholder letter
EURO Corporate BondChange of Investment Manager to German29/05/2020Shareholder letter
Schroder International Selection FundChanges to the distribution policy of certain share classes22/05/2020Shareholder letter
Schroder International Selection FundAnnual general meeting of shareholders20/05/2020Shareholder letter
Asia Pacific Cities Real EstateMerger conversion ratios17/04/2020Shareholder letter
Global Credit IncomeChanges to the distribution policy of certain share classes27/03/2020Shareholder letter
Multi-Asset PIR ItaliaLiquidation of the sub-fund23/03/2020Shareholder letter
Schroder International Selection FundChanges to the distribution policy of certain share classes23/03/2020Shareholder letter
Global Cities Real EstateReceipt of the assets from Asia Pacific Cities Real Estate09/03/2020Shareholder letter
Asia Pacific Real EstateMerger with Schroder International Selection Fund— Global Cities Real Estate09/03/2020Shareholder letter
Schroder International Selection FundChanges to the distribution policy of certain share classes21/02/2020Shareholder letter
Wealth PreservationChange of name and investment objective03/01/2020Shareholder letter
US Large CapChange of investment policy03/01/2020Shareholder letter
Swiss Equity OpportunitiesChange of name, investment objective and policy and removal of performance fees03/01/2020Shareholder letter
Schroder International Selection FundExposure to Asset Backed Securities (ABS) and Mortgage Backed Securities (MBS)03/01/2020Shareholder letter
Schroder International Selection FundUse of derivatives for investment gains03/01/2020Shareholder letter
Global Unconstrained BondChange of name, investment objective and policy and Fund Currency03/01/2020Shareholder letter
Global High Income Bond
Change of name, investment objective and policy, risk considerations and Investment Manager03/01/2020Shareholder letter
European Special SituationsClarification of investment policy03/01/2020Shareholder letter
Asian Long Term Value
Change of Dealing Frequency03/01/2020Shareholder letter

2019

Schroder ISFActionEffective DateNotes
Emerging Markets Corporate BondChange of name to Emerging Markets Hard Currency, change to investment objective and policy03/09/2019Shareholder letter
Global Credit IncomeChange of fixed distribution rate from 5.25% to 5% per month for A USD Dis MF, A1 USD Dis MF, C USD Dis MF, I USD Dis MF, U USD Dis MF, A HKD Dis MF, A AUD Dis MF, A RMB Dis MF, A ZAR Dis MF, U AUD Dis MF, U ZAR Dis MFEnd August 2019Shareholder letter
Global Multi-Asset BalancedChange of investment manager from SIM Limited to SIM DE01/08/2019Shareholder letter
RMB Fixed IncomeChange of name, change of investment objective and policy13/06/2019Shareholder letter
Latin AmericanAmendment to investment policy to tighten the expecyed holding range from 50-70 to 40-70 stocks13/06/2019Shareholder letter
Japan DGFAmendment to investment objective to clarify performance target from 3-month TIBOR (Tokyo interbank interest rates) +3% pa (net of fees) to 3-month TIBOR (Tokyo interbank interest rates) +4% (gross of fees)13/06/2019Shareholder letter
European Equity YieldAmendment to investment policy to modernise wording13/06/2019Shareholder letter
European Special Situations, European Smaller Companies, Securitised Credit
Reduction of shareholder fees01/04/2019Shareholder letter
EURO LiquidityInvestment objective and policy change to comply with and reflect authorisation under the Money Market Funds Regulation.21/03/2019Shareholder letter
US Dollar LiquidityInvestment objective and policy change to comply with and reflect authorisation under the Money Market Funds Regulation.21/03/2019Shareholder letter
UK EquityAmendment to investment policy15/03/2019Shareholder letter
European Large CapAmendment to investment policy to remove reference to investment in the EU /EEA15/03/2019Shareholder letter
European Alpha FocusAmendment to investment policy to remove reference to investment in the EU /EEA15/03/2019Shareholder letter
Euro EquityAddition of Environmental, Social and Governance factors to investment policy15/03/2019Shareholder letter
Italian EquityAmendment to investment policy to remove restriction on holding Italian Real Estate companies19/02/2019Shareholder letter
Multi-Asset PIR Italia
Amendment to investment policy to remove restriction on holding Italian Real Estate companies19/02/2019Shareholder letter
European Market NeutralIncreaee of expected leverage from 150% to 350%, clarification to investment policy31/01/2019Shareholder letter
European Equity Absolute ReturnIncrease of expected leverage from 150% to 350%31/01/2019Shareholder letter
European Alpha Absolute ReturnIncrease of expected leverage from 150% to 300%31/01/2019Shareholder letter
Global Diversified GrowthChange to dealing cut-off off time and change of settlement period21/01/2019Shareholder letter
Global Corporate BondChange of benchmark from Bloomberg Barclays Global Aggregtae Credit Index Hedged to USD to Bloomberg Barclays Global Aggregate - Corporate Index Hedged to USD01/01/2019 
US Dollar LiquidityChange of benchmark from USD LIBOR 3 Month to Bank of America Merrill Lynch 0-3 Month US Treasury Bill Index01/01/2019 

2018

Schroder ISFActionEffective DateNotes
Multi-Asset Growth and IncomeAmendment to investment policy to remove redundant language15/11/2018Shareholder letter
Hong Kong Dollar BondAmendment to the invesment policy to remove redundant langauge15/11/2018Shareholder letter
Global Emerging Markets Smaller CompaniesAmendment to investment policy to permit up to 10% in China A shares15/11/2018Shareholder letter
Flexible RetirementChange of investment manager from SIM Switzerland to SIM Limited15/11/2018Shareholder letter
EURO Short Term Bond
Increase of expected leverage from 150% to 200%15/11/2018Shareholder letter
Asia Pacific Cities Real Estate, EURO Bond, European Large Cap, Global Cities Real Estate, Global Climate Change Equity, Global Convertible Bond, Global Inflation Linked Bond, US Large Cap, US Small & Mid Cap Equity, US Smaller CompaniesReduction of shareholder fees01/10/2018Shareholder letter
Distribution share class naming conventionDistribution share class names will incorporate some additional characters at the end of the existing name which will enable users to identify certain characteristics of the share class that are not currently distinguished within the name, for example, distribution frequency.11/09/2018Distributor letter
Indian BondChange of name to Dynamic Indian Income Bond, change to investment policy, change to settlement cycle06/07/2018Shareholder letter
UK OpportunitiesChange of name to UK Alpha Income, change of investment objective and policy06/07/2018Shareholder letter
QEP Global AbsoluteChange of name to QEP Global Equity Market Neutral06/07/2018Shareholder letter
Multi Asset Total ReturnAmedment to investment policy to permit up to 10% investment in open ended investment funds06/07/2018Shareholder letter
Multi-Asset StrategiesChange of name to Alternative Risk Premia, change to investment objective and policy, change to permitted leverage, change to profile of typical investor, reduction of annual management fee for C share classes06/07/2018Shareholder letter
Global Multi-Asset FlexibleChange of name to Multi-Asset Growth and Income, change to investment objective and policy, change to profile of typical investor06/07/2018Shareholder letter
Global Diverfsified GrowthAmendment to investment policy to reduce the amount allowed in collective investment schemes to 10%06/07/2018Shareholder letter
China Opportunities
Greater China
Emerging Asia
Removal of ability to use derivatives for investment purposes06/07/2018Shareholder letter
European Equity (ex UK)Merger into European Alpha Focus04/07/2018European Equity (ex UK) shareholder letter

European Alpha Focus shareholder letter

Merger proposal
Global Target Return
Reduction of annual management fee for A and C share classes01/06/2018Shareholder letter
Multi-Asset PIR Italia
Amendment to investment policy to permit investment in open ended funds above 10%15/05/2018Shareholder letter
Asia Pacific Cities Real Estate, BRIC (Brazil, Russia, India, China), Emerging Europe, Emerging Markets, European Dividend Maximiser, European Equity Yield, European Value, Frontier Markets Equity, Global Cities Real Estate, Global Climate Change Equity, Global Climate Change Equity, Global Dividend Maximiser, Global Emerging Market Opportunities, Global Emerging Markets Smaller Companies, Global Equity, Global Equity Alpha, Global Equity Yield, Global Recovery, Global Sustainable Growth, Latin American, Middle East, QEP Global Absolute, QEP Global Active Value, QEP Global Blend, QEP Global Core, QEP Global Emerging Markets, QEP Global ESG, QEP Global Quality, QEP Global Value Plus, Swiss Equity, Swiss Equity Opportunities, Swiss Small & Mid Cap
Addition of Environmental, Social and Governance factors to investment policy15/05/2018Shareholder letter
Hedged share classes for all fundsInformation regarding the charge for holders of I, IA, IZ, P and X hedged share classes can be found here.
Information regarding the charge for holders of A, A1, AX, B, C, CN, D, E, R, S and Z hedged share classes can be found here.
30/03/2018 
EURO Short Term BondBenchmark change to Barclays Euro Aggregate 1-3 Year01/03/2018 
Asian Credit OpportunitiesInvestment policy change 01/03/2018 
Asian Local Currency BondInvestment policy change 01/03/2018 
UK OpportunitiesInvestment policy change 01/03/2018 
European OpportunitiesInvestment policy change 01/03/2018 
European Equity (ex UK)Investment policy change 01/03/2018 
Global Multi-Asset ConservativeFund name change to Flexible Retirement.  Investment objective change01/03/2018 
European Total ReturnFund name change to European Market Neutral.  Investment objective and policy change.  Management fee reduction and introduction of performance fee01/03/2018 
Asian Bond Absolute ReturnFund name change to Asian Bond Total Return.  Investment objective and policy change01/03/2018 
Hong Kong EquityInvestment policy change 01/02/2018 
Asian Total ReturnInvestment policy change 01/02/2018 
Asian small CompaniesInvestment policy change 01/02/2018 
Asia Pacific Cities Real EstateInvestment policy change 01/02/2018 
Asian Equity YieldInvestment policy change 01/02/2018 
Emerging AsiaInvestment policy change 01/02/2018 
Greater ChinaInvestment policy change 01/02/2018 
China OpportunitiesInvestment policy change 01/02/2018 
Asian OpportunitiesInvestment policy change 01/02/2018 
Global Smaller CompaniesInvestment policy change                                                          01/02/2018 
Global Emerging Markets Smaller CompaniesPerformance fee removal02/01/2018Shareholder letter
Global Smaller CompaniesPerformance fee removal02/01/2018Shareholder letter
Asian OpportunitiesToby Hudson to be named sole fund manager of the fund01/01/2018 

2017

US Large Cap
Change of investment manager07/11/2017Shareholder Letter
Global Demographic OpportunitiesFund name change to Global Sustainable Growth. Investment objective and policy change. Management fee reduction02/11/2017 
Global Inflation Linked BondExpected level of leverage change27/10/2017N/A
Japanese EquityKazuhiro Toyoda to be named sole fund manager of the fund01/10/2017 
Strategic Beta 10Fund name change to Strategic Beta. Investment objective and policy change01/09/2017 
Global Equity AlphaInvestment policy change01/09/2017 
RMB Fixed IncomeInvestment policy change01/09/2017 
Global Tactical Asset AllocationFund name change to Multi-Asset Strategies01/09/2017 
European Alpha FocusManagement fee reduction of C shares from 1.00% to 0.75%01/09/2017Shareholder Letter
Global Equity YieldManagement fee reduction of C shares from 1.00% to 0.75%01/09/2017Shareholder Letter
Global Dividend MaximiserManagement fee reduction of C shares from 1.00% to 0.75%01/09/2017Shareholder Letter
European Equity YieldManagement fee reduction of C shares from 1.00% to 0.75%01/09/2017Shareholder Letter
Swiss Equity OpportunitiesManagement fee reduction of C shares from 1.00% to 0.75%01/09/2017Shareholder Letter
Emerging MarketsManagement fee reduction of C shares from 1.00% to 0.75%01/09/2017Shareholder Letter
European Dividend MaximiserManagement fee reduction of C shares from 1.00% to 0.75%01/09/2017Shareholder Letter
Global EquityManagement fee reduction of C shares from 1.00% to 0.75%01/09/2017Shareholder Letter
Italian EquityFund Italian PIR compliant03/07/2017 
Hong Kong EquityBenchmark change03/07/2017 
RMB Fixed IncomeBenchmark change01/06/2017 
Asian OpportunitiesToby Hudson to be named co-fund manager with Robin Parbrook01/05/2017 
Emerging Market Local Currency BondLiquidation of fund28/02/2017Shareholder Letter

2016

Schroder ISFActionEffective DateNotes
European Equity FocusFund name change to European Alpha Focus01/12/2016 
Asia Pacific Property SecuritiesFund name change to Asia Pacific Cities Real Estate01/12/2016 
Global Property SecuritiesFund name change to Global Cities Real Estate01/12/2016 
Asian Convertible BondRemoval of performance fees01/12/2016 
EURO LiquidityThe management fee of A, A1 and B shares will be reduced from 0.5% to 0.2%. The management fees of the fund across all share classes will therefore be 0.2%. Distribution charges for all share classes will also be removed.01/10/2016Shareholder letter
Global Dynamic BalancedFund name change to Global Multi-Asset Balanced. Subscription and redemption settlement period reduce from 4 business days to 3 business day. Dealing cut-off change to from one day before dealing day to dealing day. 01/06/2016Shareholder letter on 29 April 2016
Global Multi Asset AllocationFund name change to Global Multi-Asset Flexible01/06/2016Shareholder letter on 29 April 2016
Global ConservativeFund name change to Global Multi-Asset Conservative01/06/2016Shareholder letter on 29 April 2016
Global RecoveryRe-wording of investment objective and policy01/06/2016Shareholder letter on 29 April 2016
Global Equity YieldRe-wording of investment objective and policy01/06/2016Shareholder letter on 29 April 2016
European Dividend MaximiserRe-wording of investment objective and policy01/06/2016Shareholder letter on 29 April 2016
Asian Dividend MaximiserRe-wording of investment objective and policy01/06/2016Shareholder letter on 29 April 2016
Global Dividend MaximiserRe-wording of investment objective and policy01/06/2016Shareholder letter on 29 April 2016
All fundsNAV per share changed from 2 decimal places to 4 decimal places02/05/2016 
Strategic Beta 10Expected leverage level change12/04/2016Shareholder letter on 22 April 2016
EURO Credit ConvictionDistribution change - Class A Dis EUR change from variable distributions paid quarterly to fixed distributions of 3% per annum paid semi-annually06/01/2016Shareholder letter

2015

Schroder ISF ActionEffective DateNotes

Multi Manager Global Diversity

Liquidation of fund

07/12/2015Shareholder letter

Wealth Preservation EUR

Fund name change to Wealth Preservation

02/11/2015Shareholder letter

Global Conservative

Subscription and redemption settlement period reduce from 4 business days to 3 business day. Dealing cut-off change to from one day before dealing day to dealing day. Re-wording of investment objective and policy

02/11/2015Shareholder letter

USD Liquidity

Subscription and redemption settlement period reduce from 3 business days to 1 business day

02/11/2015Shareholder letter

Japan DGF

Subscription settlement period reduce from 4 business days to 2 business days

02/11/2015Shareholder letter
Asian Diversified GrowthMerger of Asian Diversified Growth into Global Diversified Growth28/10/2015

Asian Diversified Growth shareholder letter

Global Diversified Growth shareholder letter

European Dividend MaximiserDistribution change - all fixed distribution share classes' distribution change from 8% to 7%08/10/2015Shareholder letter
Global Dividend MaximiserDistribution change - all fixed distribution share classes' distribution change from 8% to 7%. Class A Dis RMB Hedged to pay out currency premium08/10/2015

Shareholder letter

Second shareholder letter for Class A Dis RMB Hedged

Global Equity YieldDistribution change - all fixed distribution share classes' distribution change from 4% to 3%08/10/2015Shareholder letter
Asia Pacific Property SecuritiesBenchmark change from GPR General Asia Net Index to FTSE EPRA/NAREIT Developed Asia Index. Fund manager change.01/10/2015

Shareholder letter on Fund manager change

Global Small Cap EnergyMerger of Global Small Cap Energy into Global Energy30/09/2015

Global Small Cap Energy shareholder letter

Global Energy shareholder letter

European Small & Mid Cap ValueLiquidation of fund16/09/2015

Shareholder letter

Global Managed CurrencyLiquidation of fund19/08/2015Shareholder letter 
Wealth Preservation USDLiquidation of fund15/07/2015 Shareholder letter
European Equity YieldDistribution change - Class A Dis RMB Hedged to pay out currency premium09/06/2015 
Global Corporate BondDistribution change - Class A Dis RMB Hedged to pay out currency premium09/06/2015 
Hong Kong Dollar BondBenchmark change from HSBC ALBI Hong Kong Dollar Bond Index to 50% 3 month HIBOR + 50% HSBC ALBI Hong Kong Dollar Bond Index01/05/2015 
European Equity Absolute ReturnFee reduction for A and B shares from 2% to 1.5% and C shares from 1% to 0.75%01/04/2015 
European OpportunitiesRe-wording of investment objective and policy. Removal of PEA eligibility01/04/2015 
European Equity (ex-UK)Re-wording of investment objective and policy. Removal of PEA eligibility01/04/2015 
RMB Fixed IncomeRe-wording of investment objective and policy01/04/2015 
Strategic CreditRe-wording of investment objective and policy01/04/2015 
UK OpportunitiesRe-wording of investment objective and policy01/04/2015 
Emerging AsiaBenchmark change from MSCI Emerging Asia (Price) to MSCI Emerging Asia (Net TR)01/02/2015 
Global Managed CurrencyRemoval of benchmark01/01/2015 

2014

Schroder ISF ActionEffective Date
European OpportunitiesBenchmark change from FTSE World Europe to MSCI Europe Net (TR)02/06/2014
US Equity AlphaMerger of US Equity Alpha into US Large Cap01/07/2014
Global Small Cap EnergyBenchmark change from MSCI World Energy to MSCI World Energy Small Cap01/09/2014
QEP Global Emerging MarketsFee Reduction for C shares from 1.00% to 0.75%01/10/2014
UK OpportunitiesFund manager change 08/09/2014
Balanced PortfolioFund restructured to become Global Multi-Asset Allocation03/02/2014
Growth PortfolioFund merged into Global Multi-Asset Allocation03/02/2014
   

 

Cazenove merging fundSchroder ISF receiving fund
Cazenove European Alpha Absolute Return FundSchroder ISF European Alpha Absolute Return
Cazenove European Equity Absolute Return FundSchroder ISF European Equity Absolute Return
Cazenove UK Equity Absolute Return Fund
Cazenove Leveraged UK Equity Absolute Return Fund

2013

Schroder ISFActionEffective Date
Emerging Market Sovereign BondEmerging Market Local Currency Bond and investment policy change01/10/2013
Emerging Europe Debt Absolute ReturnFund restructured to become Wealth Preservation EUR01/07/2013
VariousChange of benchmark from gross to net - Asian Equity Yield, Asian Opportunities, China Opportunities, Greater China, Indian Equity & Hong Kong Equity02/04/2013
EURO BondRe-wording of investment objective02/01/2013
EURO Short Term BondRe-wording of investment objective02/01/2013
Global Corporate BondChange of investment objective to remove flexibility to implement active currency positions02/01/2013
Global Credit Duration HedgedChange of investment objective to remove flexibility to implement active currency positions02/01/2013
Global Inflation Linked BondRe-wording of investment objective02/01/2013
US Dollar BondChange of investment objective to include flexibility to implement active currency positions02/01/2013
Asian Bond Absolute ReturnUSD C Distribution share class payment frequency change from annual variable to annual fixed at 5% and EUR Hedged A1 Distribution share class payment amount change from monthly fixed at 4.5% to monthly fixed at 5%01/01/2013
Emerging Europe Debt Absolute ReturnEUR A1 Distribution, EUR B1 Distribution & USD A1 Distribution share class payment frequencies and amounts change from monthly fixed at 4% to annual variable01/01/2013
Emerging Markets Debt Absolute ReturnEUR Hedged A Distribution, SGD Hedged A Distribution, USD A Distribution & USD B Distribution share class payment amounts from quarterly fixed at 7% to quarterly fixed at 5% and AUD Hedged A1 Distribution, EUR Hedged A1 Distribution, EUR B1 Distribution, USD A1 Distribution & USD B1 Distribution share class payment amounts change from monthly fixed at 7% to monthly fixed at 5%01/01/2013
Global Managed CurrencyEUR A Distribution, USD A Distribution & USD A1 Distribution share class payment frequencies and amounts change from quarterly fixed at 3% to annual variable01/01/2013
Strategic BondEUR Hedged A Distribution, EUR A1 Distribution & EUR B Distribution share class payment frequencies and amounts change from semi-annual variable to quarterly fixed at 3% and USD A Distribution share class payment amount change from monthly fixed at 4% to monthly fixed at 3%01/01/2013
Global Equity YieldA1 USD Distribution share class payment frequency change from quarterly fixed at 4% to monthly fixed at 4%01/01/2013
All FundsChange in distribution policy for all classes paying a variable distribution. Income will now be distributed before the deduction of fund expenses. Previously income was distributed after the deduction of expenses.

2012

Schroder ISF ActionEffective Date
European AllocationMerger of European Allocation into European Total Return07/12/2012
European DefensiveMerger of European Defensive into Global Multi-Asset Income07/12/2012
US All CapMerger of US All Cap into US Equity Alpha07/12/2012
Asian Equity YieldC share change in distribution policy from quarterly variable to monthly fixed at 4%01/10/2012
EURO Credit Duration HedgedFund closed19/09/2012
EURO Government LiquidityFund closed19/09/2012
Asian Smaller CompaniesRemoval of performance fee and change of benchmark from MSCI AC Far East ex Japan index to the MSCI AC Asia ex Japan Small Cap index03/09/2012
Global Managed CurrencyClarification of investment objective to include the aim of providing income03/09/2012
QEP Global Dynamic BlendName change to QEP Global Blend03/09/2012
Middle EastChange of benchmark - 20% of the benchmark changed from S&P Saudi Arabia Large / Mid Cap to MSCI Saudi Arabia Domestic01/09/2012
EURO Active ValueMerger of EURO Active Value into SISF European Large Cap25/07/2012
All FundsMerger of Schroder Strategic Solutions SICAV into Schroder ISF SICAV02/07/2012
All FundsIntroduction of Key Investor Information Documents (KIIDs) and Supplementary Information Documents replacing Simplified Prospectuses and Fund Information pages.14/05/2012
Asian Bond JPYChange in fixed distribution amount (from JPY60/unit to JPY48/unit) and USD (from USD0.60/unit to USD0.48/unit)31/01/2012
Asian Bond Absolute ReturnInvestment objective/policy change to include flexibility to implement active currency positions and move to VaR02/04/2012
Asian Local Currency BondInvestment objective/policy change to include flexibility to implement active currency positions and move to VaR02/04/2012
Converging Europe Bond JPYChange in fixed distribution (from JPY48/unit to JPY36/unit) and EUR (from EUR0.48/unit to EUR0.36/unit)31/01/2012
EURO BondInvestment objective/policy change to include flexibility to implement active currency positions02/04/2012
EURO Credit Duration HedgedClarification of investment objective to add in active currency wording02/04/2012
EURO Government BondInvestment objective/policy change to include flexibility to implement active currency positions and management fee reduction from A, A1 and B from 0.50% to 0.40%02/04/2012
EURO Short Term BondInvestment objective/policy change to include flexibility to implement active currency positions02/04/2012
Global Credit Duration HedgedInvestment objective/policy change to include flexibility to implement active currency positions02/04/2012
Global Corporate BondInvestment objective/policy change to include flexibility to implement active currency positions02/04/2012
Global Emerging Market OpportunitiesChange of investment objective to clarify the investment objective, to allow investment in fixed income securities worldwide and liquidities for defensive purposes and to remove any references to financial indices02/04/2012
Global High Income BondInvestment objective/policy change to include flexibility to implement active currency positions02/04/2012
Global Inflation Linked BondInvestment objective/policy change to include flexibility to implement active currency positions02/04/2012
Japanese Large CapName change to Japanese Opportunities, investment objective change and AMC increase (A - 1.50%, C - 1%)02/04/2012
Pacific EquityName change to Asian Opportunities02/04/2012

2011

Schroder ISF ActionEffective Date
Asia Pacific Property SecuritiesClarification of investment objective to reflect more accurately the types of investments the fund may make. The fund no longer has the ability to invest in debt securities

01/10/2011

Global Property SecuritiesClarification of investment objective to reflect more accurately the types of investments the fund may make. The fund no longer has the ability to invest in debt securities

01/10/2011

Asian Total ReturnClarification of investment objective is to reflect more accurately the name of the fund within the objective i.e. capital growth & income

01/10/2011

Strategic BondClarification of investment objective to provide investors with additional information regarding the types of investment the fund may make i.e. ABS/MBS

01/10/2011

US Dollar BondClarification of investment objective to provide investors with additional information regarding the types of investment the fund may make i.e. ABS/MBS

01/10/2011

Global BondClarification of investment objective to provide investors with additional information regarding the types of investment the fund may make i.e. ABS/MBS

01/10/2011

Asian Local Currency BondBenchmark changed from HSBC Asian Local Bond Index ex-China, ex-India to HSBC Asian Local Bond Index Overall01/09/2011
Asian Total ReturnFee change for C share class from 0.75% to 1.00%01/04/2011
EURO BondChange in distribution policy from annual variable to semi-annual variable30/06/2011
EURO Dynamic GrowthMerged into EURO Equity12/05/2011
Global BondInvestment clarification to include the flexibility to implement active currency positions01/04/2011
Global Demographics & Wealth DynamicsFund name changed to Global Demographic Opportunities01/02/2011
Global Dividend MaximiserBenchmark changed from MSCI All Countries World TR Net to MSCI World TR Net01/01/2011
Global Equity IncomeBenchmark changed from MSCI All Countries World TR Net to MSCI World TR Net01/01/2011
Global Equity YieldBenchmark changed from MSCI All Countries World TR Net to MSCI World TR Net01/01/2011
Global Tactical Asset AllocationChange in dealing terms from T-2 dealing and T+5 redemption settlement to T-1 dealing and T+3 redemption settlement23/02/2011
QEP US CoreMerged into QEP Global Core12/05/2011
Strategic BondInvestment clarification to include the flexibility to implement active currency positions01/04/2011
US Dollar LiquidityFee reduction as follows:
1. Annual Management Charge cut for A/A1/B/D share classes from 0.50% to 0.20%
2. Distribution charge cut for A1/B share classes from 0.10% to 0.00%
01/01/2011

2010

Schroder ISF ActionEffective Date
Asian Bond1. Fund name changed to Asian Bond Absolute Return
2. Clarification of investment objective
01/08/2010
Asian Equity YieldChange in distribution for the following share classes: Asian Equity Yield USD A Distribution & A1 Distribution - changed to 4% pa fixed30/09/2010
Emerging Markets Debt Absolute ReturnChange in distribution to fixed for Emerging Markets Debt Absolute Return USD B Distribution to 7% pa paid quarterly31/12/2010
EURO Corporate BondChange in distribution to fixed for EURO Corporate Bond EUR A Distribution, A1 Distribution and B Distribution to 3% pa fixed semi-annually31/12/2010
Euro Equity Secure 2010Fund closed12/11/2010
European Defensive MonthlyFund merged into European Defensive30/06/2010
European Defensive 6 MonthlyFund merged into European Defensive30/06/2010
Global Corporate BondChange in distribution for the following share classes: Global Corporate Bond EUR A Distribution - changed to 3% pa fixed quarterly30/09/2010
Global Tactical Asset AllocationHard closed at launch excluding I share class (issued 07/06/2010)17/02/2010
Global Tactical Asset AllocationChange in dealing settlement07/06/2010
Middle EastBenchmark changed from MSCI Arab Markets and Turkey with Saudi Arabia capped at 20% to customised MSCI / S&P Middle East Index (MSCI Arabian Markets + MSCI Turkey + S&P Saudi Arabia Large/Mid Cap (fixed at 20%))01/10/2010
USD BondChange in distribution for the following share classes: USD Bond USD A Distribution - changed to 3% pa fixed quarterly30/09/2010
World Defensive 3 MonthlyFund merged into European Defensive30/06/2010

2009

Schroder ISF ActionEffective Date
All fundsIntroduction of swing pricing12/01/2009
Asian Equity AlphaFund closed26/05/2009
Asian Local Currency BondBenchmark change from iBoxx Asia Custom Index to HSBC Asian Local Bond Index ex-China, ex India01/12/2009
Asian Total Return1. Performance fee removed
2. Benchmark changed from MSCI All Countries Asia Pacific ex Japan Price Index Rebased to MSCI All Countries Asia Pacific ex Japan Net Index (Rebased)
01/07/2009
EURO Government LiquidityDistribution charge reduced for A1 share class from 0.50% to 0.10%01/10/2009
EURO LiquidityDistribution charge reduced for A1 share class from 0.50% to 0.10%01/10/2009
European Absolute Return1. Fund name changed to European Allocation
2. Change in investment objective
3. Benchmark changed from EUR LIBOR 3 Months to 50% MSCI Europe Total Return Net Local Index/50% Merrill Lynch European Monetary Union Direct Government 1-3 yr
01/06/2009
European Active ValueMerged into EURO Active Value29/09/2009
European BondBenchmark changed from Lehman EURO Aggregate to Barclays Capital EURO Aggregate01/01/2009
European Bond1. Fund name changed to EURO Government Bond
2. Change in investment objective
3. Annual Management Charge reduced from 0.75% to 0.5% (A/AX/A1/B/B1/D) and 0.5% to 0.2% (C)
01/06/2009
European Dynamic GrowthMerged into European Special Situations01/12/2009
European EquityMerged into European Large Cap23/01/2009
European Equity OpportunitiesFund closed10/06/2009
Global Emerging Markets CommoditiesFund closed29/09/2009
Global Government BondAnnual Management Charge reduced from 0.5% to 0.4% (A, A1, AX, B. B1 and D)02/02/2009
Global Government Bond1. Fund name changed to EUR Government Liquidity
2. Change in investment objective
3. Change in client settlement
01/03/2009
Strategic CreditBenchmark changed from Merrill Lynch Euro Corporate to 3 Month Euribor01/07/2009
Strategic Credit1. Fund name changed to Global Credit Duration Hedged
2. Annual Management Charge reduced from 1.50% to 0.75% (A/AX/A1/B/B1/D) and from 1.00% to 0.50% (C)
01/10/2009
USD LiquidityDistribution charge reduced for A1 share class from 0.50% to 0.10%01/10/2009
US Large Cap Alpha1. Fund name changed to US All Cap
2. Investment objective changed
3. Annual Management Charge reduced from 1.50% to 1.25% (A/AX/A1/B/B1/D) and 1.00% to 0.75% (C)
01/10/2009

2008

Schroder ISF ActionEffective Date
Absolute Return BondMerged into Strategic Bond18/12/2008
Absolute Return Bond R1Fund closed30/09/2008
Asian Absolute Return1. Fund name change to Asian Total Return
2. Change in investment objective
3. Increase in Annual Management Charge for A, AX, B and D share classes from 1.25% to 1.50%
01/06/2008
Converging Europe Bond1. Fund name changed to Emerging Europe Debt Absolute Return
2. Change in investment objective
01/06/2008
Emerging AsiaBenchmark changed from MSCI All Countries Asia ex Japan with China capped at 10% to MSCI Emerging Markets Asia USD01/09/2008
Emerging Markets Debt1. Fund name changed to Emerging Markets Debt Absolute Return
2. Change in investment objective
01/06/2008
EURO Corporate BondAnnual Management Charge reduced for A, A1, B, B1 shares from 1.00% to 0.75% and C shares from 0.60% to 0.45%01/05/2008
EURO Equity AlphaFund closed18/07/2008
Global Corporate BondAnnual Management Charge reduced for A, A1, B, B1 shares from 1.00% to 0.75% and C shares from 0.60% to 0.45%01/05/2008
Global EnergyBenchmark changed from MSCI All Countries World Energy (Gross) to MSCI World Energy Sector Net Total Return USD01/01/2008
Global Equity Sigma1. Fund name changed to QEP Global Core
2. Retail share classes merged into QEP Global Active Value
3. Annual Management Charge reduced for C share class from 0.75% to 0.275%
26/09/2008
Global Quality Growth EquityFund name changed to QEP Global Quality01/06/2008
Global Quantitative Active ValueFund name changed to QEP Global Active Value01/06/2008
Global TechnologyMerged into Global Equity Alpha26/09/2008
Hong Kong Dollar BondBenchmark changed from HKD HIBOR 3 Months to HSBC Hong Kong Dollar Bond01/01/2008
Japanese Equity SelectFund closed06/06/2008
Latin AmericanBenchmark changed from MSCI Emerging Markets Latin America Net Total Return to MSCI Emerging Markets Latin America 10/40 Net Dividend Reinvested01/01/2008
North American Equity Sigma1. Fund name changed to QEP US Core
2. Retail share classes merged into US Large Cap
3. Annual Management Charge reduced for C share class from 0.75% to 0.275%
26/09/2008

Schroder International Selection Fund is referred to as Schroder ISF throughout this website.
Schroder Alternative Solutions is referred to as Schroder AS throughout this website.
Schroder Special Situations Fund is referred to as Schroder SSF throughout this website.

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