Schroder International Selection Fund - Global Inflation Linked Bond Fund A Acc EUR

施羅德環球基金系列 - 環球通貨膨脹連繫債券基金 A類 Acc 歐元

LU0180781048

風險等級: 4級

iFund 的投資產品風險評級為一個衡量單一基金的地域和資產類別、投資風格和任何潛在因素的質化和量化並重的評估機制。風險評級分為一至六(1(最低風險)至6 (最高風險))等級別。風險評級為3或4的基金大多投資於股債混合資產,包括高息債券及環球股票,為投資者提供收入及資本增值。有關詳細資訊,請參閱「流程說明」頁面下的「盡職審查」。

假期中複雜產品

交易資料

交易
快捷可靠

需衍生產品知識
才可購買

HKD10,000.00起投

0.75%

HKD10,000.00起投

HKD / JPY / EUR / GBP / RMB / USD

HKD10,000.00起投

HKD10,000.00

HKD10,000.00

Daily

16:30

2019-09-30

*下圖為基金價格,並未包括基金派息 (如適用)

基金表現(包括派息,如有)

1個月
-0.71%
3個月
+2.62%
6個月
+5.50%
1年
+7.20%
3年
+3.72%
5年
+14.41%

分析數值 (3年)

年度化回報
+1.22%
年度化波幅
+4.43%
夏普比率
+0.42

基金資料

基金公司
Schroder Investment Management (HK) Ltd
基金成立日期
2003-11-27
基金經理
Paul Grainger
Bob Jolly
基金經理開始日期
Paul Grainger (Start Date 2010-09-30) Bob Jolly (Start Date 2011-11-30) Paul Grainger (Start Date: 2010-09-30)
主要投資地區
Global
資產類別 / 行業
Fixed Income - Investment grade sovereign
風險評級
4級

iFund 的投資產品風險評級為一個衡量單一基金的地域和資產類別、投資風格和任何潛在因素的質化和量化並重的評估機制。風險評級分為一至六(1(最低風險)至6 (最高風險))等級別。風險評級為3或4的基金大多投資於股債混合資產,包括高息債券及環球股票,為投資者提供收入及資本增值。有關詳細資訊,請參閱「流程說明」頁面下的「盡職審查」。

基金規模(截至 2019-09-18)
EUR 953,613,177.54
基金管理費
0.75%
最新派息
不適用

同類前列基金

    暫無基金

交易資料

交易
快捷可靠

需衍生產品知識
才可購買

HKD10,000.00起投

0.75%

HKD10,000.00起投

HKD / JPY / EUR / GBP / RMB / USD

HKD10,000.00起投

HKD10,000.00

HKD10,000.00

Daily

16:30

2019-09-30

派息記錄

無派息記錄

投資目標

The fund aims to provide capital growth and income by investing in inflation-linked fixed income securities.
The fund invests at least two-thirds of its assets in inflation-linked fixed income securities with an investment grade or sub-investment grade credit rating (as measured by Standard & Poor’s or any equivalent grade of other credit rating agencies for rated bonds and implied Schroders ratings for non-rated bonds) issued by governments, government agencies, supra-nationals and companies worldwide.

風險性質及程度

Investment involves risk. Please refer to the offering document for details including the risk factors.
1. Risk relating to investment in debt securities
– Credit and counterparty risk – Investment in debt securities is subject to the credit/default risk of the issuer which may also adversely affect the settlement of the securities.
– Interest rate risks – Investment in the fund is subject to interest rate risk. In general, the prices of debt securities rise when interest rates fall, whilst their prices fall when interest rates rise.
– Credit ratings risk – Credit ratings assigned by rating agencies are subject to limitations and do not guarantee the creditworthiness of the security and/or issuer at all times.
– Credit downgrading risk – The credit rating of debt securities or their issuers may subsequently downgraded. In the event of such downgrading, the value of the fund may be adversely affected. The investment manager may not dispose of such securities immediately and the fund may therefore be subject to additional risk of loss.
– Liquidity and volatility risk – Securities not listed or rated or actively traded may have low liquidity and higher volatility. The prices of such securities may be subject to fluctuations. The bid and offer spread of their price may be high and the fund may therefore incur significant trading costs and may even suffer losses when selling such instruments.
– Valuation risk – Valuation of the fund’s investment may involve uncertainties and judgmental determinations. If such valuation turns out to be incorrect, this may affect the net asset value calculation of the fund.
2. Inflation linked debt securities
Inflation linked debt securities is not as liquid as the conventional government bond market. As a result, investor flows can have a higher impact on prices than for conventional bonds, which can influence performance. However, as the asset class grows in popularity, the susceptibility to the influence will diminish. The fund investing in inflation linked debt securities is not an alternative to money market funds. Inflation should lead to higher returns as inflation climbs but, if yields rise dramatically, investors could lose money.
3. Sovereign debt risk
Investment in sovereign debt obligations issued or guaranteed by governments or their agencies of certain developing countries and certain developed countries may expose the fund to political, social and economic risks. A government entity’s willingness or ability to repay principal and interest due in a timely manner may be affected by various factors. In the event that a government entity defaults on its sovereign debt, holders of sovereign debt, including the fund, may be requested to participate in the rescheduling of such debt and to extend further loans to the relevant government entity. The fund may suffer significant losses in such events.
4. Risk of investment in Europe
The fund may invest in securities which may include a substantial investment in European securities. In light of the current fiscal conditions and concerns on sovereign debt of certain European countries, the fund may be subject to an increased amount of volatility, liquidity, price, default and currency risk should there be any adverse credit events, such as credit downgrade of a sovereign or exit of EU members from the Eurozone, in the European region. Notwithstanding the governments of the European countries have adopted measures to address these problems, it is possible that these measures may not work and may adversely affect the value of the fund’s investment in European securities. If these adverse economic or financial events in Europe continue, they could have additional unfavourable effects on the economies and financial markets of other parts of the world thereby affecting the value of the fund’s investment.
5. Risk of implementing active currency positions
The investment manager has the flexibility to actively manage currency positions which it considers will achieve the investment objective of the fund. However no guarantee or representation is made that such investment strategy/technique will be successful.
When implementing active currency positions, the fund may enter into currency forwards or other instruments with the aim of protecting the value of the assets of the fund against untoward foreign exchange risks and actively managing currency positions of the fund. Currency forwards or other instruments do not eliminate fluctuations in the prices of the fund’s securities or in foreign exchange rates, or prevent loss if the prices of these securities decline. Performance may be strongly influenced by movements in foreign exchange rates because currency positions held by the fund may not correspond with securities positions held. In such circumstances, the fund’s assets may be exposed to the losses which may in turn adversely affect the net asset value per share of the fund and investors may suffer losses.
6. FDI
The fund may use FDI extensively to meet its specific investment objective. There is no guarantee that the performance of FDI will result in a positive effect for the fund. The leverage element/component of derivatives can result in a loss significantly greater than the amount invested in the FDI by the fund. FDI exposure may lead to a high risk of significant capital loss. Risks associated with FDI include:
– Credit risk and Counterparty risk – The fund will be subject to the risk of the inability of any counterparty through or with which the fund conducts the FDI transactions to perform its obligations, whether due to insolvency, bankruptcy or other causes. Long and short positions gained through total return swaps may increase exposure to credit-related risk.
– Liquidity risk – There may be possible absence of a liquid secondary market for any particular FDI at any time. The fund may be unable to sell illiquid FDI at an advantageous time or price and results in a reduction of returns.
– Valuation risk – The fund is subject to the risk of mispricing or improper valuation of FDI.
– Volatility risk – The fund is subject to the risk of higher volatility of the returns as FDI usually have a leverage component.
– Interest rate risk – There may be interest rate risk when swaps (such as total return swaps) involve floating rate payments.
– Over-the-counter (“OTC”) transaction risks – FDI traded in OTC markets may be more volatile and less liquid. Its prices may include an undisclosed dealer mark-up which a fund may pay as part of the purchase price.
– Hedging risk – There is no guarantee that the desired hedging instruments will be available or hedging techniques will achieve their desired result. In adverse situations, the use of hedging instruments may become ineffective in hedging and the fund may suffer significant losses.
7. Risks relating to high expected leverage
The fund may have a net leverage exposure of over 100% of its net asset value to FDI. This will further magnify any potential negative impact of any change in the value of the underlying asset on the fund and also increase the volatility of the fund’s price and may lead to significant losses.
8. Concentrated geographical locations
The fund investing in concentrated geographical locations may be subject to a higher level of risks comparing to a fund investing in a more diversified portfolio/strategy. The value of the fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting the relevant geographical locations.
9. Emerging and less developed markets
The fund may invest in emerging and less developed markets. Investing in emerging and less developed markets is subject to greater risks than investing in securities of developed countries such as ownership and custody risks, political and economic risks, market and settlement risks, liquidity and volatility risk, legal and regulatory risks, execution and counterparty risk, and currency risk, which may adversely affect the net asset value per share of the fund and investors may as a result suffer losses.
10. Risks relating to distributions
– For distribution share classes with a general dividend policy, expenses will be paid out of capital rather than out of gross income. The amount of distributable income therefore increases and the amount so increased may be considered to be dividend paid out of capital; capital growth will be reduced and in periods of low growth capital erosion may occur.
– Distribution share classes with a fixed dividend policy will distribute the dividends based on a fixed amount or fixed percentage of the net asset value per share. This may result in share classes with fixed distributions either paying out both income and capital in distribution payments, or not substantially distributing all the investment income which a share class has earned.
– You should note that in the circumstances where the payment of distributions are paid out of capital, this represents and amounts to a return or withdrawal of part of the amount you originally invested or capital gains attributable to that and may result in an immediate decrease in the net asset value of shares.
– The distribution amount and net asset value of the currency hedged share class may be adversely affected by differences in the interest rates of the reference currency of the currency hedged share classes and the fund’s base currency, resulting in an increase in the amount of distribution that is paid out of capital and hence a greater erosion of capital than other non-currency hedged share classes.
11. Risks relating to hedging and the hedged classes
– In respect of the share classes which the management company of the fund has the ability to fully hedge the shares of such share classes in relation to the fund currency, currency exposures or currency hedging transactions within the fund’s portfolio will not be considered. The aim of currency hedged share class is to provide you with the performance returns of the fund’s investments by reducing the effects of exchange rate fluctuations between the share class’s and the fund’s base currency. However there is no assurance that the hedging strategies employed will be effective.
– Where undertaken, the effects of this hedging will be reflected in the net asset value and, therefore, in the performance of such share class. Similarly, any expenses arising from such hedging transactions will be borne by the share class in relation to which the expenses have been incurred.
– It should be noted that these hedging transactions may be entered into whether the reference currency is declining or increasing in value relative to the relevant fund currency and so, where such hedging is undertaken it may substantially protect investors in the relevant share class against a decrease in the value of the fund currency relative to the reference currency, but it may also preclude investors from benefiting from an increase in the value of the fund currency.
– There can be no assurance that the currency hedging employed will fully eliminate the currency exposure to the reference currency.
12. Currency risks
Assets and share classes may be denominated in currencies other than EUR and some may not be freely convertible. The fund may be adversely affected by changes in foreign exchange rates and exchange rate controls of the currencies in which securities are held, the reference currencies of the share classes and the EURO. This exposes all share classes of the fund to exchange rate fluctuations and currency risk. It may not be practicable or possible to hedge against such foreign exchange/currency risk exposure.

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