Statement regarding the pricing of Russian securities in Schroders funds

10 March 2022

We are closely monitoring the situation with respect to securities of Russian issuers held in our funds which continue to be impacted by a range of actions taken by governments, stock exchanges and counterparties, including sanctions regimes, leading to severe valuation and liquidity issues. Russian markets have been suspended, and we will not be investing in Russian or Belarusian equities for the foreseeable future. We will continue to apply appropriate valuation principles in accordance with our pricing processes. Because of these issues and due to our inability to transact or transfer these assets, the value of Russian securities in our funds has become de minimis and we expect this to be reflected until further notice in the NAV of any relevant funds. We are currently valuing Russian equities positions at zero. 

Further client enquiries concerning Russian securities held in Schroders funds should be directed to your usual Schroders representative. 

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Issued by Schroder Unit Trusts Limited, 1 London Wall Place, London EC2Y 5AU. Registered Number 4191730 England.

Schroder Unit Trusts Limited is an authorised corporate director, authorised unit trust manager and an ISA plan manager, and is authorised and regulated by the Financial Conduct Authority.

On 17 September 2018 our remaining dual priced funds converted to single pricing and a list of the funds affected can be found in our Changes to Funds. To view historic dual prices from the launch date to 14 September 2018 click on Historic prices.