Zurich, Switzerland, Europe & Middle East
Singapore, Asia Pacific
London, England, United Kingdom
Schroders is required, under the European Commission’s Undertakings for Collective Investment in Transferable Securities (UCITS) regulation, to disclose a Synthetic Risk and Reward Indicator (SRRI) for our relevant funds. The intention of the SRRI is to inform investors of the risk and reward profile of the fund and it is calculated using a prescribed formula based on the volatility of past performance. The SRRI is presented as a numerical value on a scale of 1 to 7 and is contained in the KIID.*
The period of extreme volatility experienced in financial markets between March and April 2020, due to the Covid-19 crisis, has impacted the SRRIs. As a result, a significant number of Schroders’ funds’ SRRI numbers will be changing and new KIIDs will be published over the course of July 2020 to reflect this. In all cases the SRRI has increased because of the higher market volatility and not because of any change in the fund’s investment objective or policy. The SRRIs are constantly reviewed and may be lower again in future. They may also be impacted by future periods of volatility.
As noted earlier, Schroders, along with other UCITS managers, has no discretion in the calculation of the SRRI numbers. The changes are driven by the UCITS Directive and regulation covering KIIDs. Should you require further information on the calculation please refer to ESMA 10-673 - Guidelines on the methodology for the calculation of the synthetic risk and reward indicator in the Key Investor Information Document. https://www.esma.europa.eu/document/guidelines-methodology-calculation-synthetic-risk-and-reward-indicator-in-key-investor
To view the latest Schroders KIIDs, visit the Fund Centre.
*The SRRI is designed to provide a consistent calculation and presentation of risk information for all UCITS funds, allowing investors to compare products using an easily understood format. The SRRI is a numerical scale between 1 and 7; with 1 meaning low risk/reward and 7 a higher level of risk but with the potential for a higher level of return.
Please note that only the following funds are authorised for distribution in Malta. All other funds mentioned are for information purposes only.
Schroder International Selection Fund is referred to as Schroder ISF throughout this website.
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Schroder Investment Management (Europe) S.A. is the management company ("Management Company") of Schroder International Selection Fund ("Schroder ISF"), Schroder GAIA, Schroder Special Situations Fund ("Schroder SSF") and Schroder GAIA II (each a "Company" and jointly the "Companies").
The Companies are open investment companies with an umbrella structure established as "Société Anonyme" under the laws of the Grand Duchy of Luxembourg and having the status of an investment company with variable capital (Société d'Investissement à Capital Variable, SICAV). Schroder ISF, Schroder GAIA and Schroder SSF have the status of an SICAV pursuant to Part I of the Law on Organisms for Joint Investments passed on 17 December 2010. Schroder AS and Schroder GAIA II are subject to the provisions of Part II of the Law on Organisms for Joint Investments passed on 17 December 2010. The Companies operate sub-funds which have a specific portfolio of assets and liabilities within the company and which own net assets (the "Funds"). The Management Company is subject to the rules of Directive 2010/43/EU on management companies as implemented in Luxembourg Law.
The Management Company merely provides information on its products and services and does not give investment advice on the basis of individual circumstances. If you are not sure whether an investment is suitable for you, it is recommended to seek the advice of an independent financial consultant.
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