Schroder International Selection Fund - Global Multi-Asset Income Fund A MDis USD

施羅德環球基金系列 - 環球股債收息基金 A類 MDis 美元

LU0757359954

Risk Rating: Level 3

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Non-dealing Hours

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

1.25%

HKD10,000.00Min. Subscription

HKD / JPY / EUR / GBP / RMB / USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

16:30

2019-09-30

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+1.64%
3 mth
+2.38%
6 mth
+3.39%
1 yr
+3.95%
3 yr
+10.00%
5 yr
+6.99%

Analytical Figures (3 years)

Annualized Return
+3.23%
Annualized Volatility
+4.42%
Sharpe Ratio
+0.31

Fund Information

Fund Houses
Schroder Investment Management (HK) Ltd
Launch Date
2012-04-17
Fund Manager
Remi Olu-Pitan
Dorian Carrell
Manager Start Date
Remi Olu-Pitan (Start Date: 2018-08-16) Dorian Carrell (Start Date: 2018-09-28)
Geographical Focus
Global
Asset Class/ Sector
Balanced - Bond biased
Risk Rating
Risk Level 3

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-09-15)
USD 2,886,676,595.92
Management Fee
1.25%
Latest Dividend
USD 0.362400 (2019-08-28)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

1.25%

HKD10,000.00Min. Subscription

HKD / JPY / EUR / GBP / RMB / USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

16:30

2019-09-30

Dividend Records

Dividend DateDividend Records (USD)
2019-08-280.362400
2019-07-240.366500
2019-06-260.364540
2019-05-290.357752
2019-04-240.364837
2019-03-270.362266
2019-02-270.363585
2019-01-300.358947
2018-12-190.350670
2018-11-280.355865
2018-10-240.359478
2018-09-260.369851
2018-08-290.372529
2018-07-250.372042
2018-06-270.370512
2018-05-300.372660
2018-04-250.373714
2018-03-280.375944
2018-02-210.383744
2018-01-240.395646
2017-12-200.386759
2017-11-290.385745
2017-10-250.385396
2017-09-270.384686
2017-08-300.385743
2017-07-260.387649
2017-06-280.389544
2017-05-230.389536
2017-04-260.388599
2017-03-290.386807
2017-02-220.389219
2017-01-250.385299
2016-12-140.385282
2016-11-230.380281
2016-10-260.385342
2016-09-280.386666
2016-08-240.390094
2016-07-270.387818
2016-06-290.380343
2016-05-250.381894
2016-04-270.384097
2016-03-300.381126
2016-02-240.372209
2016-01-270.369711
2015-12-160.376217
2015-11-250.386600
2015-10-280.393012
2015-09-230.389379
2015-08-260.391535
2015-07-290.407068
2015-06-240.415489
2015-05-270.424043
2015-04-290.430555
2015-03-250.430327
2015-02-250.432945
2015-01-280.429815
2014-12-170.418519
2014-11-260.438603
2014-10-290.436216
2014-09-240.436698
2014-08-270.446232
2014-07-300.445943
2014-06-250.446589
2014-05-270.444466
2014-04-280.439803
2014-03-260.436849
2014-02-260.437242
2014-01-290.431932
2013-12-110.430556
2013-11-260.434535
2013-10-300.439608
2013-09-250.430758
2013-08-280.422394
2013-07-240.432890
2013-06-260.423227
2013-05-290.447796
2013-04-240.448217
2013-03-270.444191
2013-02-270.440029
2013-01-300.440385
2012-12-100.431783
2012-11-280.426900
2012-10-240.427712
2012-09-260.424206
2012-08-290.421722
2012-07-250.415981
2012-06-270.408731
2012-05-300.406827

Investment Objective

The fund aims to provide an income distribution of 5% per annum and capital growth over a market cycle by investing in a diversified range of assets and markets worldwide. The fund aims to provide a volatility (a measure of how much the fund’s returns may vary over a year) of between 5-7% per annum.
The fund invests at least two-thirds of its assets directly or indirectly through derivatives in equity and equity related securities, fixed income securities and alternative asset classes. As the fund is index-unconstrained it is managed without reference to an index.

Nature and Extent of Risks

Investment involves risk. Please refer to the offering document for details including the risk factors.
1. Equity investment risk
Investment in equity securities is subject to the risk that the market value of the stocks may go down as well as up due to numerous factors such as changes in investment sentiment, political environment, economic environment, issuer-specific factors, regional or global economic instability, currency and interest rate fluctuations. If the market value of the stocks go down the net asset value of the fund may be adversely affected.
2. 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.
– Below investment grade and unrated debt securities – Investments in fixed income securities below investment grade or unrated are generally subject to higher degree of counterparty risk, credit risk, volatility risk, liquidity risk and risk of loss of principal and interest than higher rated securities.
– 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.
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 risk. 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. 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, currency risk, and possible repatriation of investment income and capital, which may adversely affect the net asset value per share of the fund and investors may as a result suffer losses.
– In addition taxation of interest and capital gains received by non-residents varies among emerging and less developed markets and, in some cases may be comparatively high. There may also be less well-defined tax laws and procedures and such laws may permit retroactive taxation so that the fund could in the future become subject to local tax liabilities that had not been anticipated in conducting investment activities or valuing assets.
5. Mortgage related and other asset backed securities (“ABS”)
ABS may be highly illiquid and prone to substantial price volatility. These instruments may be subject to greater credit, liquidity and interest rate risk compared to other debt securities. ABS are often exposed to extension and prepayment risks and risks that the payment obligations relating to the underlying assets are not met, which may adversely impact the returns of the securities.
6. FDI
The fund may use FDI to meet its specific investment objective. There is no guarantee that the performance of FDI will result in a positive effect for the fund. FDI exposure may lead to a high risk of significant capital loss. Risks associated with FDI include credit risk and counterparty risk, liquidity risk, valuation risk, volatility risk, over-the-counter transaction risks and hedging risk. The leverage element/component of an FDI can result in a loss significantly greater than the amount invested in the FDI by the fund. 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. 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.
8. Smaller companies risk
Fund invests in smaller companies may fluctuate in value more than other funds and may be more vulnerable to adverse developments than those in larger companies. During periods where markets are falling, securities of smaller companies may become less liquid and experience short-term price volatility and wide spreads between dealing prices.
9. 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.
10. 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.
11. Currency risks
Assets and share classes may be denominated in currencies other than USD 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 US Dollar. 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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Hotline

852
3896 3896

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North Point, Hong Kong

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09:00 - 18:00

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