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.
Schroders is a world-class asset manager operating from 37 countries across Europe, the Americas, Asia, the Middle East and Africa.
We would like to inform you that the name of Schroder Investment Management (Luxembourg) S.A. ("SIM Lux") changed to Schroder Investment Management (Europe) S.A. ("SIM Europe") effective 27 June 2018.
For more information, please refer to the Shareholder Letter.
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.
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This site is designed for Institutional Investors. We define "Institutional Investors" as Institutions with the appropriate expertise and knowledge eg Asset Managers, Distributors and Financial Intermediaries. You should not use this site if you do not fall within this category.
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Schroder Investment Management (Europe) S.A. was launched in January 1995 and provides central support to Schroders' European Mutual Fund Business. Schroder International Selection Fund (Schroder ISF), Schroder GAIA, Schroder GAIA II and Schroder Alternative Solutions (Schroder AS) are Luxembourg registered open-ended investment companies.
Past performance is not a guide to future performance. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested. Any past performance figures shown are not indicative of future performance. Exchange rate may vary and cause the value of international investments to rise or fall. The levels and reliefs from taxation may change. Tax reliefs referred to are those currently available and their value depends on the circumstances of the individual investor. Investment in emerging markets involves a high degree of risk. Investment in any sub-fund mentioned herein should not be made without careful reference to the relevant prospectus. The information contained in these pages does not form part of any contract, nor can you rely on it for any contractual purpose.
The information contained on this site is not an invitation to subscribe. Subscriptions will only be received and shares issued on the basis of a fund's current prospectus and the latest audited annual report. Copies of each fund's current prospectus and the latest audited annual report may be obtained from Schroder Investment Management (Europe) S.A. or your Schroders branch office.
Schroder Investment Management (Europe) S.A is regulated by the Luxembourg law dated 5 April 1993 (Financial sector) and Schroder International Selection Fund, Schroder Special Situations Fund and Schroder Alternative Solutions are subject to the Luxembourg law dated 20 December 2002.
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Schroder Investment Management (Europe) S.A believes that the provided information is accurate as at the date of publication but no warranty of accuracy is given and no liability in respect of any error or omission by a third party is accepted by Schroder Investment Management (Europe) S.A or its affiliates or any director or employee of Schroder Investment Management (Europe) S.A or its affiliates. In the event of any provision of these Terms and Conditions being deemed unenforceable, the remaining terms and provisions shall be unimpaired and the unenforceable term or provision shall be replaced by an enforceable term or provision that comes closest to the intention underlying the unenforceable term or provision.
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