For UK investors


Schroders operates a full equalisation policy for the below specified fund ranges with the objective that the income yield of a reporting Fund Share Class is unaffected either by incoming or outgoing investors. The equalisation amount corresponds to the income earned by the reporting Fund Share Class up to a particular date in the reporting period. Investors can use the equalisation figures published on Schroders website to determine their tax liability.


Reporting period

The Fund Share Class period of account. This may be annual or shorter where a Fund Share Class is newly created.

Equalisation amount

The income earned by the Fund Share Class up to a particular date.

The equalisation amount is relevant to investors who have joined the reporting Fund Share Class part way through its reporting period and still hold the Shares at the period end. These investors will be allowed to deduct the equalisation amount on the Fund Share purchase date when calculating their taxable basis.

Investors who have joined the reporting Fund Share Class by way of share class switch should disregard equalisation entirely and therefore not deduct the equalisation amount.


Subscription of 10,000 shares on 25 May


Equalisation rate per share (in Fund Share Class currency)

25 May



Reportable income per share (in Fund Share Class currency)

31 December


Taxable basis is as follows:

Reportable income per share

Equalisation rate per share

(A-B) x 10,000
Taxable basis




Note that the above is an example only and the figures used therein do not reflect the actual equalisation or reportable income amounts of any Fund Share Class.

For the equalisation rates per fund range, please refer to the links below

Risk warning

Nothing on this page should be construed as advice and is therefore not a recommendation to buy or sell shares. For tax advice investors should contact their tax representative.

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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.

For illustrative purposes only and does not constitute a recommendation to invest in the above-mentioned security / sector / country.

Schroder Investment Management (Europe) S.A. is subject to the UCITS law of 17 December 2010 and the AIFM law of 12 July 2013.