The Schroder ISF Global Multi-Asset Income offers you an investment choice to enjoy income^ as well as growth, from a globally diversified portfolio t

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1 Important Information: 1. The fund invests primarily in equity and equity related securities, fixed income securities and alternative asset classes. 2. For 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. Share classes with a fixed dividend policy may pay out both income and capital in distributions. Where distributions are paid out of capital, this amounts to a return or withdrawal of part of your original investment or capital gains attributable to that and may result in an immediate decrease in the net asset value of shares. 3. The fund invests in debt securities which may be subject to interest rate, credit and counterparty risks. The fund may invest in unrated and non-investment grade securities which are exposed to greater credit risks. 4. The fund may invest in mortgage related and other asset backed securities that may be subject to interest rate, credit, valuation and liquidity risks. 5. The fund s active management of currency positions may result in losses if the strategy/technique is not successful. 6. The fund may use derivatives to meet its investment objective but does not intend to use derivatives extensively for investment purposes. Derivatives exposure may involve higher counterparty, liquidity and valuation risks. In adverse situations, the fund may suffer significant losses from their derivative usage for hedging. You should not make any investment decision solely based on this document. Please read the relevant offering document carefully for further fund details including risk factors. Schroder ISF Global Multi-Asset Income Go global, enjoy multi-asset income opportunities beyond Asia 28 September, 2018

2 The Schroder ISF Global Multi-Asset Income offers you an investment choice to enjoy income^ as well as growth, from a globally diversified portfolio that primarily invests in high income bonds and high dividend yielding equities. The fund will draw on the rich experience and proven expertise of our investment teams who will actively manage the fund to maximise yield and total potential returns in all seasons. Why invest in the Schroder ISF Global Multi-Asset Income? Fixed payout of 5% p.a. (Applicable to A Dis share class USD/HKD/GBP Hedged. Dividend may be paid out of capital pay attention to important information 2 )^ With the primary objective of maximising sustainable yield, the fund intends to make a fixed payout of 5% per annum^. The payout will primarily come from a portfolio of global high income bonds and high dividend yielding equities, selected for the quality and reliability of their income. Capturing global income opportunities In today s fast changing investment environment, a flexible approach is required to capture investment opportunities which could come and go quickly. Our unconstrained regional and sector allocation allows us to cast our net as widely as possible to identify these income opportunities no matter where and when they arise. The unconstrained investment philosophy is also applied to the selection of stocks and bonds, in which our strong focus on quality ensures income sustainability of the Fund. Three key principles to capture global opportunities Diversified asset allocations Flexible risk management High quality assets Enjoy the growth of alternative assets The fund can invest in alternative assets such as infrastructure, preferred securities, property, mortgage-backed securities (MBS), asset-backed securities (ABS) and municipal bonds. These assets ensure diversification and improve sustainability of the fund s income, and offer potential growth for investors. Flexibility to invest in alternative assets Infrastructure Mortgage-backed Securities (MBS) Preferred Securities Asset-backed Securities (ABS) Property Municipal Bonds Active asset allocation to maximise yield and total returns The current asset allocation range in global high income bonds (20 90%), global high dividend yielding equities (10 50%), alternative assets (0 20%) and cash (0 20%) 1 gives the fund manager flexibility to achieve the fund s objective of achieving yield and maximising total returns during different phases of the economic cycle. We also implement active downside risk management aiming to protect the fund s value during volatile markets without sacrificing the income earned from the underlying assets. Allocation % Global Equities 10 50% A wide range of asset classes provide flexibility in asset allocation Global Bonds 20 90% 0 20% 0 20% Equities Bonds Alternative Assets Cash 1 The exact asset allocation may deviate from the range mentioned above without prior notice to investors, please refer to the relevant offering document for details. 1

3 Schroder ISF Global Multi-Asset Income Fund features A Distribution share class offers a fixed payout^ (for details refer to table below) Capture growth potential through investment in high income bonds and high dividend yielding equities around the world Enjoy the growth of alternative assets Active asset allocation to manage risk Distribution policy and frequency Share classes A Dis - USD A Dis - HKD A Dis - GBP Hedged A Dis - RMB Hedged A Dis - AUD Hedged A Dis - EUR Hedged A Acc - USD A Acc - HKD A Acc - GBP Hedged A Acc - EUR Hedged ISIN code LU LU LU LU LU LU LU LU LU LU Dividend distribution record^ Share classes A Dis - USD A Dis - HKD A Dis - GBP Hedged A Dis - RMB Hedged A Dis - AUD Hedged A Dis - EUR Hedged Geographical breakdown Asset type Distribution per share Bloomberg ticker SCHGMIA LX SCHAHKI LX SCGMAGD LX SCHGIAA LX SCGMAUD LX SCGMAHI LX SCHGMAA LX SCHAHKA LX SCHAHAG LX SCGMAHA LX Distribution policy Fixed, 5% p.a. Fixed, 5% p.a. Fixed, 5% p.a. Fixed, 5% p.a. Variable Variable Price on record date Distribution frequency Monthly Monthly Monthly Monthly Monthly Quarterly Last record date Upcoming distribution record date of distribution share classes Note: The distribution record date may subject to change. 26/09/ /09/ /09/ /09/ /09/ /09/ /10/ /11/ /12/2018 North America Emerging Markets Europe UK Asia Pacific ex-japan Japan Others Equity US High Yield Government Bonds EM Local Currency EM USD Sovereign EM USD Corporates Securitised Debt Property Others Cash & Income Weights (%) Weights (%) Top holdings United States Treasury 2.875% 15/05/ United States Treasury 2.875% 15/08/ United States Treasury 2.75% 15/02/ Taiwan Semiconductor Manufacturing 0.6 Kingdom of Saudi Arabia 2.375% 26/10/ Starwood European Real Estate Finance 0.6 GCP Infrastructure Investments Ltd 0.6 Schroder Real Estate Inv. Trust Ltd 0.6 Schroder European Real Estate Inv. Trust Ltd 0.5 Bilfinger Berger Global Infrastructure SICAV SA 0.5 Fund performance Cumulative performance (%) Fund Annual return (%) Fund Key information Fund objective NAV per share (class A Acc) Hi / Lo (past 12 mths, class A Acc) Fund manager Launch date Fund size (million) Initial charge up to (class A) Management fee (class A) Dealing frequency Financial year end YTD mth 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. USD USD / Multi-Asset Team 18/04/2012 USD 3, % 1.25% p.a. Daily 31/12 The fund offers an investment choice for investors who wish to enjoy a fixed payout^ and long-term potential of capital appreciation look for active asset management that aims to maximise yield and total returns over an economic cycle are positive on the potential growth around the world 7.4 Weights (%) 21.9 Note: Investors should consider your own investment objective and risk tolerance level and seek independent professional advice. 1Yr Yrs Yrs Since launch Schroder International Selection Fund is referred to as Schroder ISF. ^ In respect of AUD Hedged and EUR hedged distribution units, there is neither a guarantee that such distributions will be made nor will there be a target level of distribution payout. The manager will make distributions in respect of distribution units. The manager has the sole and absolute discretion to vary the rate and/or frequency of distributions, subject to one month s prior notice to the relevant unitholders. Distribution yield is not indicative of the return of the fund. Distributions may be paid from capital of the fund. Investors should note that 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 value of units. For details of the distribution policy and frequency of all share classes, please refer to the Distribution Policy & Frequency table. All fund information as at 28/09/2018, Source: Schroders. Fund performance based on Class A Acc; NAV-NAV in USD with net income re-invested. The fund size quoted includes all classes of the fund. Investment involves risks. Past performance is not indicative of future performance. Please refer to the relevant offering documents for fund details including risk factors. This material, including the website, is issued by Schroder Investment Management (Hong Kong) Limited and has not been reviewed by the SFC. Management Company: Schroder Investment Management (Europe) S.A., 5, rue Höhenhof, L-1736 Senningerberg, Grand Duchy of Luxembourg Supervisory Authority: Commission de Surveillance du Secteur Financier, 110, route d Arlon, L-2991 Luxembourg 2

4 Schroder ISF - Global Multi-Asset Income A Acc 施羅德環球基金系列 - 環球股債收息 A 類股份累積單位 As at 截至 28/09/2018 Important Information 重要事項 The fund invests primarily in equity and equity related securities, fixed income securities and alternative asset classes. For 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. Share classes with a fixed dividend policy may pay out both income and capital in distributions. Where distributions are paid out of capital, this amounts to a return or withdrawal of part of your original investment or capital gains attributable to that and may result in an immediate decrease in the net asset value of shares. The fund invests in debt securities which may be subject to interest rate, credit and counterparty risks. The fund may invest in unrated and non-investment grade securities which are exposed to greater credit risks. The fund may invest in mortgage related and other asset backed securities that may be subject to interest rate, credit, valuation and liquidity risks. The fund's active management of currency positions may result in losses if the strategy/technique is not successful. The fund may use derivatives to meet its investment objective but does not intend to use derivatives extensively for investment purposes. Derivatives exposure may involve higher counterparty, liquidity and valuation risks. In adverse situations, the fund may suffer significant losses from their derivative usage for hedging. You should not make any investment decision solely based on this document. Please read the relevant offering document carefully for further fund details including risk factors. 基金主要投資於股本和股本相關證券 定息證券和另類資產類別 一般股息政策的股份類別, 支出將從資本而並非總收入中支付, 可分派收入因此增加, 而增加的部份可被視為從資本中支付的股息 定息政策的股份類別, 其股息可能同時由收入及資本中支付 從資本中支付的派息相當於從閣下原本投資的金額中, 或從該等金額賺取的資本收益中退回或提取部份款項, 可能導致每股資產淨值即時下跌 基金投資於債務證券或承受利率 信貸及交易對手方風險 基金可投資於未獲評級和不具投資級別的證券而承受較大的信貸風險 基金可投資於按揭相關及其他資產抵押證券而承受利率 信貸 估值和流動性風險 基金可因為其積極管理貨幣持倉策略 / 技巧不成功而引致虧損 基金可投資於金融衍生工具以達致投資目標, 但無意為投資目的而大量運用金融衍生工具 運用金融衍生工具可涉及較高的對手方 流通性及估值的風險 在不利的情況下, 基金可能會因為使用金融衍生工具作對沖之用而承受重大虧損 閣下不應僅倚賴本文件而作出任何投資決定 請詳閱有關銷售文件以得悉基金之詳情包括風險因素 Investment Objective 投資目標 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. 基金旨在通過投資於一系列多元化的環球資產和市場, 以提供每年 5% 的派息收入和在一個市場週期內的資本增值 基金旨在提供每年 5-7% 的波動性 ( 計算一年內基金回報可變化多少 ) Cumulative Performance 累積表現 (%) YTD Fund 基金 (%) Fund 基金 3 Mths 1 Yr 3 個月 1 年 年初至今 Geographical Breakdown 地區資產分佈 (%) North America 北美 Emerging Markets 新興市場 Europe 歐洲 9.08 UK 英國 7.91 Asia Pacific ex-japan 亞太 ( 日本除外 ) 3.15 Japan 日本 1.72 Others 其他 0.09 Industry Breakdown 行業資產分佈 (%) Government 政府 Diversified Financials 多元化金融服務 Consumer Discretionary 非必需消費品 7.69 Info. Technology 資訊科技 7.03 Energy 能源 7.00 Health Care 健康護理 6.52 Telecom. services 電訊服務 5.20 Consumer Staples 基本消費品 5.03 Others 其他 Cash & Cash Equivalents 現金及現金等值 Yrs 3 年 5 Yrs 5 年 Annual Return 基金總回報 (%) Since Launch 自設立日起 Fund 基金 Top Holdings 主要投資 (%) United States Treasury 2.875% 15/05/ United States Treasury 2.875% 15/08/ United States Treasury 2.75% 15/02/ Taiwan Semiconductor Manufacturing 0.60 Kingdom of Saudi Arabia 2.375% 26/10/ Starwood European Real Estate Finance 0.58 GCP Infrastructure Investments Ltd 0.58 Schroder Real Estate Inv. Trust Ltd 0.57 Schroder European Real Estate Inv. Trust 0.51 Ltd Bilfinger Berger Global Infrastructure 0.49 SICAV SA Asset Class 資產分佈 (%) Equity 股票 US High Yield 美國高收益債券 Government Bonds 政府債券 EM Local Currency 新興市場當地貨幣債券 5.82 EM USD Sovereign 新興市場美元主權債券 5.77 EM USD Corporates 新興市場美元企業債券 5.69 Securitised Debt 證券化債務 5.62 Property 地產 4.64 Others 其他 Cash & Income 現金及收益 0.38 Key Information 基金資料 Unit NAV 單位資產淨值 Hi/Lo (Past 12 mths) 最高 / 最低 ( 過去十二個月 ) Annualised Return (3 yrs) 年度回報率 (3 年 ) Annualised Volatility (3 yrs) 年均相對波幅 (3 年 ) Beta (3 yrs) 貝他 (3 年 ) Sharpe Ratio (3 yrs) 夏普比率 (3 年 ) USD ( 美元 ) USD / ( 美元 ) 3.78% 4.33% 0.51 Initial Charge up to 首次認購費上限 5.00% Management Fee 管理年費 1.25% p.a. Fund Manager 基金經理 Launch Date 推出日期 Fund Size 資產值 (million 百萬元 ) Financial Year End 財政年度結算日 Schroders InvestLink Code 施羅德資訊通 編號 Share Class Available 可認購單位類別 A Acc - USD (A 類累積 - 美元 ) A Dis - USD (A 類收息 - 美元 ) A Acc - HKD (A 類累積 - 港元 ) A Dis - HKD (A 類收息 - 港元 ) A Dis - AUD Hedged (A 類收息 - 澳元對沖 ) A Dis - RMB Hedged (A 類收息 - 人民幣對沖 ) A Acc - EUR Hedged (A 類累積 - 歐元對沖 ) A Dis - EUR Hedged (A 類收息 - 歐元對沖 ) A Acc - GBP Hedged (A 類累積 - 英鎊對沖 ) A Dis - GBP Hedged (A 類收息 - 英鎊對沖 ) Distribution Frequency 派息次數 M M M M Q M Multi-Asset Team 04/12 USD3, ( 美元 ) 31/ Bloomberg Ticker 彭博代碼 SCHGMAA LX SCHGMIA LX SCHAHKA LX SCHAHKI LX SCGMAUD LX SCHGIAA LX SCGMAHA LX SCGMAHI LX SCHAHAG LX SCGMAGD LX ISIN CODE ISIN 號碼 LU LU LU LU LU LU LU LU LU LU TM èmorningstar Rating 晨星星號評級 Schroder International Selection Fund is referred to as Schroder ISF. Source : Schroders. NAV-NAV in USD with net income re-invested. The Fund size quoted includes all classes of the Fund. Investment involves risks. Past performance is not indicative of future performance. Please refer to the relevant offering documents for fund details including risk factors. This material, including the website, is issued by Schroder Investment Management (Hong Kong) Limited and has not been reviewed by the SFC. Distribution Frequency: M = Monthly; Q = Quarterly; S = Semi-annual; A = Annual; = Not applicable èmorningstar, Inc. All Rights Reserved. Morningstar Rating (TM) as at 28/09/2018. 資料來源 : 施羅德投資 基金表現以資產淨值價 ( 美元 ) 計算, 收益再投資 本基金之資產值已涵蓋其所有類別 投資涉及風險 過往表現未必可作日後業績的準則 詳情 ( 包括風險因素 ) 請參閱有關銷售文件 本文件及網站由施羅德投資管理 ( 香港 ) 有限公司刊發並未受香港證監會檢閱 派息次數 : M = 每月 ; Q = 每季 ; S = 每半年 ; A = 每年 ; = 不適用 èmorningstar 版權所有 晨星星號評級數據截至 28/09/2018 Download the offering documents here 從此處下載銷售文件

5 PRODUCT KEY FACTS Schroder International Selection Fund Global Multi-Asset Income Issuer: Schroder Investment Management (Europe) S.A. October 2018 This statement provides you with key information about this product. This statement is a part of the offering document. You should not invest in this product based on this statement alone. Quick facts Management company: Investment manager: Depositary: Schroder Investment Management (Europe) S.A. Schroder Investment Management Limited, located in the United Kingdom, internal delegation J.P. Morgan Bank Luxembourg S.A. Ongoing charges over a year*: Class A AUD Hedged Dis 1.61% Class A HKD Acc 1.59% Class A EUR Hedged Acc 1.61% Class A HKD Dis 1.59% Class A EUR Hedged Dis 1.61% Class A USD Acc 1.59% Class A1 EUR Hedged Acc 2.11% Class A USD Dis 1.59% Class A1 EUR Hedged Dis 2.11% Class A1 USD Acc 2.09% Class A GBP Hedged Acc 1.61% Class A1 USD Dis 2.09% Class A GBP Hedged Dis 1.61% Class A RMB Hedged Dis 1.61% Dealing frequency: Base currency: Dividend policy: Daily USD A, A1 and D Accumulation share classes Dividend will not be distributed but will be reinvested into the fund. A, A1 and D Distribution share classes The board of directors generally has discretion as to whether or not to make any distribution save for the Distribution share classes with fixed dividend policy which are subject to the disclosures below. Distributions may be paid out of capital and reduce the fund s net asset value. 1

6 Schroder International Selection Fund Global Multi-Asset Income In respect of Distribution share classes with fixed dividend policy, the distribution amount per share is calculated as follows: dividend rate distribution frequency over a year net asset value per share on the record date. Details of the Distribution share classes with fixed dividend policy are set out below: Fixed Distribution Share Class Currency Distribution Frequency over a year Dividend Rate Class A USD Dis USD Monthly (12) 5.0% per annum Class A1 USD Dis USD Monthly (12) 5.0% per annum Class A GBP Hedged Dis GBP Monthly (12) 5.0% per annum Class A HKD Dis HKD Monthly (12) 5.0% per annum Class A RMB Hedged Dis RMB Monthly (12) 5.0% per annum Investors should note that a positive distribution yield does not imply a positive return. The board of directors will periodically review fixed distribution share classes and reserves the right to make changes. Financial year end of this fund: 31 December Minimum investment: A, A1 and D share classes: Initial EUR1,000 or USD1,000 (or equivalent); Subsequent investment EUR1,000 or USD1,000 (or equivalent) * The ongoing charges figure is based on the annualised expenses for the interim period ended 30 June This figure may vary from year to year. Note: As of the date of this document, Class D shares of the fund are not being offered to the public in Hong Kong. What is this product? This is a sub-fund of Schroder International Selection Fund, a mutual fund domiciled in Luxembourg and its home regulator is Commission de Surveillance du Secteur Financier. Objectives and investment strategy 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. Notwithstanding that the fund aims to provide an income distribution of 5% per annum, there is no guarantee that such dividend rate can be achieved in respect of the Distribution share classes. Investment Policy 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. 2

7 Schroder International Selection Fund Global Multi-Asset Income The fund may invest up to 50% of its assets in below investment grade (fixed and floating rate) securities (being securities with a credit rating below investment grade as measured by Standard & Poor s or any equivalent grade of other credit rating agencies) and unrated securities. The fund may invest in excess of 50% of its assets in emerging market debt (fixed and floating rate) securities. The alternative asset classes which the fund may invest include real estate, infrastructure, private equity, commodities, precious metals and alternative investment funds. The fund may invest up to 10% of its assets in open-ended investment funds. Asset-backed securities and mortgage-backed securities will not exceed 20% of the net assets of the fund. It is the current intention of the investment manager that the fund will not invest more than 10% of its net asset value in securities issued by or guaranteed by any single country with a credit rating below investment grade. The fund may invest directly in China A-Shares via the Stock Connect and the Shenzhen-Hong Kong Stock Connect (collectively Stock Connect ) (as further described in the section headed Stock Connect in the Hong Kong Covering Document). Indirect exposure to China A-Shares may also be sought for the fund through investment in financial instruments such as China market access products and other funds with China access through quota held by Qualified Foreign Institutional Investors or Renminbi Qualified Foreign Institutional Investors. The fund does not currently intend to invest (i) more than 5% of the net asset value of the fund in China A-Shares via Stock Connect and (ii) 10% or more of the net asset value of the fund directly and indirectly in China A-Shares and China B-Shares. The fund is not subject to any limitation on the portion of its net asset value that may be invested in any country (including emerging market countries), region or sector. The fund is not subject to any limitation on the market capitalisation of the companies that it may invest in. The fund may invest in money market instruments and hold cash. Under exceptional circumstances (e.g. market crash or major crisis), the fund may be invested temporarily up to 100% of its net asset value in liquid assets such as bank deposits, certificates of deposit, commercial paper and treasury bills for cash flow management. Use of financial derivative instruments ( FDI ) The fund may use FDI (including total return swaps), long and short, with the aim of achieving investment gains, reducing risk or managing the fund more efficiently. Where the fund uses total return swaps and contracts for difference, the underlying consists of instruments in which the fund may invest according to its investment objective and investment policy. In particular, total return swaps and contracts for difference may be used to gain long and short exposure on equity and equity related securities, fixed and floating rate securities and commodity indices. The gross exposure of total return swaps and contracts for difference will not exceed 30% and is expected to remain within the range of 0% to 20% of the net asset value. In certain circumstances this proportion may be higher. FDI may be used to gain exposure to a wide range of asset classes including, but not limited to, currencies, estate, infrastructure and commodities. Such FDI include, but are not limited to, over-the-counter and/or exchange traded options, futures, warrants, swaps, forward contracts and/or a combination of the above. However, the fund does not intend to use FDI extensively for investment purposes. What are the key 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. 3

8 Schroder International Selection Fund Global Multi-Asset Income 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. 4

9 Schroder International Selection Fund Global Multi-Asset Income 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. Investments in distribution share classes with fixed dividend policy are not an alternative to a savings account or fixed-interest paying investment. The percentage of distributions paid by distribution share classes with fixed dividend policy is unrelated to expected or past income or returns of these share classes or the fund. The distribution can thus be higher or lower than the income and return that were effectively realised. Distribution share classes with fixed dividend policy will continue to distribute in periods that the fund has negative returns or is making losses, which further reduces the net asset value of the distribution Share Classes with fixed dividend policy. In extreme circumstances, investors may not be able to get back the original investment amount. 5

10 Schroder International Selection Fund Global Multi-Asset Income Investors should note that a positive distribution yield does not imply a positive return. Distribution share classes with a fixed dividend policy do not distribute a fixed amount and the constant percentage of distribution results in higher absolute distributions when the net asset value of the relevant Distribution share classes with fixed dividend policy is high, and lower absolute distributions when the net asset value of the relevant distribution share classes with fixed dividend policy is low. 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. 6

11 Schroder International Selection Fund Global Multi-Asset Income 12. RMB Currency Risk and RMB share classes related risk RMB is currently not freely convertible and is subject to foreign exchange control policies and restrictions. There can be no assurance that RMB will not be subject to depreciation. Any depreciation of RMB could adversely affect the value of investor s investment in share classes denominated in RMB. Share classes denominated in RMB will be valued with reference to offshore RMB ( CNH ) rather than onshore RMB ( CNY ). While CNH and CNY represent the same currency, they are traded at different rates. Any divergence between CNH and CNY may adversely impact investors. Non-RMB based investors in share classes denominated in RMB may have to convert HK dollar or other currency(ies) into RMB when investing in share classes denominated in RMB and subsequently convert the RMB redemption proceeds and/or dividend payment (if any) back to HK dollar or such other currency(ies). Investors will incur currency conversion costs and you may suffer losses depending on the exchange rate movements of RMB relative to HK dollar or such other currencies. Under exceptional circumstances, payment of redemptions and/or dividend payment in RMB may be delayed due to the exchange controls and restrictions applicable to RMB. How has the fund performed? 9% 6% 3% 0% -3% -6% -9% 7.4% 5.8% 5.5% 2.8% % Note Past performance information is not indicative of future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-To-NAV, with dividend reinvested. These figures show by how much the fund s Class A USD Accumulation increased or decreased in value during the calendar year being shown. Performance data has been calculated in USD including ongoing charges and excluding subscription fee and redemption fee you might have to pay. Where no past performance is shown there was insufficient data available in that year to provide performance. Fund launch date: 2012 Class A USD Accumulation launch date: 2012 The management company views the Class A USD Accumulation, being the retail share class denominated in the base currency of the fund, as the most appropriate representative share class of the fund. Note: The performance of these years was achieved under circumstances that no longer apply. During these years, there was material change(s) to the fund, namely, changes of investment objective and policy, reduction of fee(s). Is there any guarantee? This fund does not have any guarantees. You may not get back the full amount of money you invest. 7

12 Schroder International Selection Fund Global Multi-Asset Income What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the fund. Fee What you pay Share class A A1 D Subscription fee (Initial charge) Up to 5.00% of the total subscription amount Up to 4.00% of the total subscription amount Nil Switching fee (Switching charge) Redemption fee (Redemption charge) Up to 1.00% of the value of the shares to be switched Nil Ongoing fees payable by the fund The following expenses will be paid out of the fund. They affect you because they reduce the return you get on your investments. Annual rate (as a % of the fund s value) Share class* A A1 D Management fee 1.25% 1.25% 1.25% Depositary fee Up to 0.005% Performance fee Nil Administration fee Up to 0.25% Distribution charge Nil 0.50% 1.00% Custody safekeeping fee Up to 0.3% Transaction fees (charged by the Depositary) Up to USD150 per transaction Fund accounting and valuation fees Up to 0.015% * Where currency hedged share class is offered, a hedging charge of up to 0.03% per annum of the net asset value per share will be borne by the currency hedged share class in relation to which the charge is incurred. The hedging charge will be payable to the management company, which provides the currency hedging service. Note: As of the date of this document, Class D shares of the fund are not being offered to the public in Hong Kong. Other fees You may have to pay other fees when dealing in the shares of the fund. Please refer to the offering document for fees payable by the fund. 8

13 Schroder International Selection Fund Global Multi-Asset Income Additional information You generally buy and redeem shares at the fund s relevant net asset value (NAV) after Schroder Investment Management (Hong Kong) Limited receives your request, directly or via a distributor, in good order at or before 5pm HK time, being the fund s dealing cut-off time on each dealing day of the fund. Before placing your subscription or redemption orders, please check with your distributor for the distributor s internal dealing cut-off time (which may be earlier than the fund s dealing cut-off time). A dividend calendar including details on the distribution frequency and the dividend calculation basis for all available distribution share classes and a composition of the dividend payments (i.e. the percentages of distribution being paid out of capital and net distributable income) for the last twelve months for each of these distribution share classes (i) with a variable distribution policy or (ii) with a fixed dividend policy and paying dividends out of capital are also available from the Schroder Investment Management (Hong Kong) Limited on request and from the Schroders Internet site ( Past performance information of other share classes offered to Hong Kong investors is available online at The net asset value of this fund is calculated and the price of shares is published on each dealing day. They are available online at This website has not been reviewed by the SFC. Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 9

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17 產品資料概要施羅德環球基金系列 - 環球股債收息 發行人 :Schroder Investment Management (Europe) S.A 年 10 月 本概要提供本基金的重要資料, 是銷售文件的一部分 請勿單憑本概要作投資決定 資料便覽 管理公司 : Schroder Investment Management (Europe) S.A. 投資經理 : Schroder Investment Management Limited( 英國, 內部委任 ) 存管處 : J.P. Morgan Bank Luxembourg S.A. 全年經常性開支比率 *: A 類別 ( 澳元對沖收息 ) 1.61% A 類別 ( 港元累積 ) 1.59% A 類別 ( 歐元對沖累積 ) 1.61% A 類別 ( 港元收息 ) 1.59% A 類別 ( 歐元對沖收息 ) 1.61% A 類別 ( 美元累積 ) 1.59% A1 類別 ( 歐元對沖累積 ) 2.11% A 類別 ( 美元收息 ) 1.59% A1 類別 ( 歐元對沖收息 ) 2.11% A1 類別 ( 美元累積 ) 2.09% A 類別 ( 英鎊對沖累積 ) 1.61% A1 類別 ( 美元收息 ) 2.09% A 類別 ( 英鎊對沖收息 ) 1.61% A 類別 ( 人民幣對沖收息 ) 1.61% 交易頻密程度 : 基本貨幣 : 派息政策 : 每日 美元 A A1 和 D 累積股份類別 - 不會派發股息, 但會將股息再投資於基金 A A1 和 D 收息股份類別 - 董事會一般可酌情決定是否作出任何派息, 惟採取 固定派息政策的收息股份類別須受下文的披露規定 派息可從資本中扣除, 從而減低基金的資產淨值 1

18 施羅德環球基金系列 - 環球股債收息 就採取固定派息政策的收息股份類別而言, 每股派息金額計算如下 : 派息率 全年派息次數 於紀錄日的每股資產淨值 採取固定派息政 策的收息股份類別的詳情載於下文 : 固定收息股份類別 貨幣 全年派息次數 派息率 A 類別 ( 美元收息 ) 美元 每月 (12 次 ) 每年 5.0% A1 類別 ( 美元收息 ) 美元 每月 (12 次 ) 每年 5.0% A 類別 ( 英鎊對沖收息 ) 英鎊 每月 (12 次 ) 每年 5.0% A 類別 ( 港元收息 ) 港元 每月 (12 次 ) 每年 5.0% A 類別 ( 人民幣對沖收息 ) 人民幣 每月 (12 次 ) 每年 5.0% 投資者應注意, 正派息收益率並不意味正回報 董事會將定期檢討固定收息股 份類別及保留作出更改的權利 財政年終結日 : 最低投資額 : 12 月 31 日 A A1 和 D 股份類別 : 首次投資 -1,000 歐元或 1,000 美元 ( 或其等值 ); 額外 認購 -1,000 歐元或 1,000 美元 ( 或其等值 ) * 全年經常性開支比率是根據截至 2018 年 6 月 30 日的半年度年率化費用計算, 每年均可能有所變動 註 : 截至本文件日期, 本基金的 D 類股份並不向香港公眾發售 本基金是什麼產品? 基金為施羅德環球基金系列旗下的一項子基金, 施羅德環球基金系列以互惠基金形式在盧森堡成立, 監管機構為盧森 堡金融業管理局 (Commission de Surveillance du Secteur Financier) 目標及投資策略投資目標基金旨在通過投資於一系列多元化的環球資產和市場, 以提供每年 5% 的派息收入和在一個市場週期內的資本增值 基金旨在提供每年 5-7% 的波動性 ( 計算一年內基金回報可變化多少 ) 儘管基金旨在提供每年 5% 的派息收入, 基金不保證就收息股份類別能達致此派息率 投資政策基金將最少三分之二的資產直接或間接通過衍生工具投資於股本和股本相關證券 定息證券和另類資產類別 由於基金不受指數約束, 故此不會參考指數來管理 2

19 施羅德環球基金系列 - 環球股債收息 基金可將最多 50% 的資產投資於低於投資級別的 ( 定息和浮息 ) 證券 ( 按標準普爾評級為信貸評級低於投資級別, 或其他信貸評級機構的任何同等級別的證券 ), 及未獲評級的證券 基金可將超過 50% 的資產投資於新興市場債務 ( 定息和浮息 ) 證券 基金可投資的另類資產類別包括房地產 基建 私募股權 商品 貴金屬和另類投資基金 基金可將最多 10% 的資產投資於開放式投資基金 基金的資產抵押證券和按揭抵押證券將不會超過淨資產的 20% 投資經理現時無意將基金超過 10% 的資產淨值投資於任何單一國家發行或保證, 但信貸評級低於投資級別的證券 基金可經滬港股票市場交易互聯互通機制及深港股票市場交易互聯互通機制 ( 統稱 互聯互通機制, 詳述於香港說明文件標題為 互聯互通機制 一節 ) 直接投資於中國 A 股 基金亦可透過投資於金融工具 ( 例如中國市場連接產品 ) 以及透過合格境外機構投資者或人民幣合格境外機構投資者持有的額度, 投資於連接中國的其他基金, 尋求間接投資於中國 A 股 基金目前不擬 (i) 經互聯互通機制將超過基金資產淨值的 5% 投資於中國 A 股及 (ii) 將基金資產淨值的 10% 或以上直接及間接投資於中國 A 股及中國 B 股 基金可投資於任何國家 ( 包括新興市場國家 ) 地區或行業的資產淨值的有關部分並不受任何限制 基金對於其可投資的公司的市值不受任何限制 基金可投資於貨幣市場工具和持有現金 在特殊情況下 ( 例如 : 股災或重大危機 ), 基金可暫時將其最多 100% 的資產淨值投資於諸如銀行存款 存款證 商業票據及國庫券等流動資產作現金流管理 金融衍生工具的運用基金可為達致投資增益 減低風險或更有效地管理基金, 運用長倉和短倉的金融衍生工具 ( 包括總回報掉期 ) 如基金運用總回報掉期及差價合約, 總回報掉期及差價合約的相關投資為基金依照投資目標和投資政策可以投資的工具 具體而言, 總回報掉期及差價合約可被用於取得股本和股本相關證券 定息和浮息證券及商品指數的長倉和短倉 對總回報掉期及差價合約的總投資將不超過資產淨值的 30%, 並且預期維持在資產淨值的 0% 至 20% 內 在特定情況下, 該比例可能更高 金融衍生工具可透過 ( 包括但不限於 ) 貨幣 房地產 基建和商品投資於一系列廣泛的資產類別 該等金融衍生工具包括但不限於場外交易及 或交易所買賣的期權 期貨 認股證 掉期 遠期合約, 及 或以上組合 然而, 基金無意為投資目的而大量運用金融衍生工具 本基金有哪些主要風險? 投資涉及風險 請參閱銷售文件, 了解風險因素等資料 1. 股票投資風險基金於股本證券的投資, 須承受股票市值可跌可升的風險 影響股價的因素很多, 例如投資情緒 政治環境和經濟環境的改變 發行商特定因素 區域性或環球性的經濟不穩 貨幣和利率的浮動 如股價下跌, 基金的資產淨值亦可能受負面影響 3

20 施羅德環球基金系列 - 環球股債收息 2. 有關投資於債務證券的風險 - 信貸和對手方風險 - 投資於債務證券承受發行商的信貸 / 違約風險, 可能對證券的結算造成不利影響 - 利率風險 - 投資於基金承受利率風險 一般來說, 利率下跌時債務證券的價格會上升, 而利率上升則價格會下跌 - 低於投資級別和未獲評級的債務證券 - 投資於低於投資級別或未獲評級的定息證券, 與擁有較高評級證券相比, 一般承受較高程度的對手方風險 信貸風險 波動性風險 流動性風險和本金及利息虧損的風險 - 信貸評級風險 - 由信貸評級機構給予的信貸評級受若干限制, 不可在所有時間保證證券和 / 或發行商的信譽 - 信貸評級被降低的風險 - 債務證券或其發行商的信貸級別可能在後來被降級 當被降級, 基金的價值可能受負面影響 基金經理未必即時出售該等證券, 基金或會因而承受額外損失的風險 - 流動性和波動性風險 - 未上市 未獲評級或未有活躍交易的證券的流動性偏低和波動性偏高 該等證券的價格或會承受波動 該等證券的買賣差價或會偏高, 基金在出售該等工具時可能會產生重大的交易成本, 甚至可能蒙受損失 - 估值風險 - 對基金的投資進行的估值或涉及含糊和主觀的決定 假如該等估值原來是不正確的, 可能影響基金的資產淨值計算 3. 主權債務風險基金投資於若干發展中國家和已發展國家的政府或其代理發行或保證的債務可能承受政治 社會及經濟風險 政府機構如期償還到期本金和利息的能力或意願受多種因素影響 當政府機構對其主權債務違約, 主權債務持有人 ( 包括基金 ) 或會被要求參與該等債務重組, 額外借款給相關政府機構 基金可能在該等事件中蒙受重大損失 4. 新興和較落後市場的風險 - 基金可投資於新興和較落後市場 投資於新興和較落後市場涉及的風險較投資於已發展國家的證券為高, 例如擁有權及保管權風險 政治和經濟風險 市場及結算風險 流動性及波動風險 法律及監管風險 執行及交易對手方風險 貨幣風險, 以及潛在匯出投資收入和資金的風險 基金的每股資產淨值亦可能負面地受影響, 投資者繼而蒙受損失 - 此外, 非居民收取利息和資本增益的課稅在新興和較落後市場之間亦有差異, 在某些情況可能相對性較高 稅法和程序定義亦可能較為模糊, 該法律可能容許稅務有追溯效力 基金可需繳交當地稅項, 而此等稅項在進行投資活動或資產估值時未有計算入內 4

21 施羅德環球基金系列 - 環球股債收息 5. 按揭相關及其他資產抵押證券資產抵押證券可能非常不流通, 並易於出現大幅價格波動 此等工具或須較其他債務證券承受較高的信貸 流動性及利率風險 資產抵押證券通常面臨延遲和預付風險及未能履行與相關資產有關的支付責任之風險, 可能對證券的回報造成不利影響 6. 金融衍生工具基金可投資於金融衍生工具以達致特定投資目標 不保證該等金融衍生工具的表現會為該基金帶來正面影響 投資於金融衍生工具或須承受高度的資本虧損風險 涉及金融衍生工具的風險包括信貸風險和對手方風險 流動性風險 估值風險 波動性風險 場外交易市場交易風險, 以及對沖風險 金融衍生工具的槓桿元素 成份可導致虧損顯著多於基金投資於金融衍生工具的金額 基金不保證市場能提供理想的對沖工具, 或對沖技術可以達到預期效果 在不利的情況下, 基金使用的對沖工具可能無效, 並可能因而蒙受重大虧損 7. 集中地理地區 基金投資於集中地理地區或會承受較投資於採用較多元化的投資組合 策略的基金為高的風險 基金的價值可能較容易受影響著相關地理地區的不利經濟 政治 政策 外匯 流動性 稅務 法律或監管事件所影響 8. 小型公司風險 相對其他基金, 投資於小型公司的基金價值波動可能較大, 以及可能比投資於大型公司更容易受不利發展所影響 在跌市時, 小型公司的證券會變得流動性較低, 價格可於短期內大幅波動, 且買賣差價大 9. 有關派息的風險 - 就採取一般派息政策的收息股份類別而言, 支出將從資本 ( 非收入 ) 中支付, 可分派收入因此而增加, 而增加的部份可被視為從資本中支付的股息 資本增長將減慢, 在低資本增長時期或會出現資本侵蝕 - 採取固定派息政策的收息股份類別將基於一個固定金額或每股資產淨值的一個固定百分比派息 因此, 派發固定股息之股份類別, 其股息款項可能同時由收入及資本中支付, 或未必將股份類別賺到的大部份投資收入完全派發 - 投資於採取固定派息政策的收息股份類別不是儲蓄帳戶或定息派付投資的替代選擇 採取固定派息政策的收息股份類別所支付的派息百分比與此等股份類別或有關基金的預期或過往收入或回報並不相關 因此, 派息可高於或低於已實際變現的收入及回報 - 採取固定派息政策的收息股份類別將繼續在有關基金錄得負回報或虧損的期間派息, 此舉將進一步減少有關採取固定派息政策的收息股份類別的資產淨值 在極端情況下, 投資者未必能取回原本的投資額 5

22 施羅德環球基金系列 - 環球股債收息 - 投資者應注意, 正派息收益率並不意味正回報 此外, 採取固定派息政策的收息股份類別並不分派固定金額, 而不變的百分比會導致當有關採取固定派息政策的收息股份類別的資產淨值偏高時, 絕對派息將會較高, 以及當有關採取固定派息政策的收息股份類別的資產淨值偏低時, 絕對派息將會較低 - 閣下應注意從資本中支付的派息, 即相當於從閣下原本投資的金額中, 或從該等金額賺取的任何資本收益中退回或提取部份款項, 所以, 該等派息可能導致每股資產淨值即時下跌 - 貨幣對沖股份類別的參考貨幣與基金的基本貨幣的利率差別可能對貨幣對沖股份類別的派息及資產淨值造成不利影響, 導致從資本中支付的派息增加, 使資本被侵蝕的程度較其他非貨幣對沖股份類別為高 10. 有關對沖股份類別的風險 - 對於股份類別之管理公司可將該等股份類別的股份全部對沖基金貨幣的情況下, 將不會考慮基金組合內進行的貨幣投資或貨幣對沖交易 貨幣對沖股份類別之目的以減少股份類別和基金基本貨幣之間匯率浮動之影響, 就基金之投資提供業績回報 然而, 基金運用之對沖策略不保證一定有效 - 當進行該類對沖時, 此種對沖的影響將反映於資產淨值, 從而反映於該種股份類別的表現 同樣, 由於該等對沖交易而引致的任何開支將由開支所涉及的股份類別承擔 - 懇請注意, 參考貨幣相對於有關基金貨幣的價值不論下跌或上升, 均可訂立該等對沖交易, 因此當進行有關對沖, 即可大幅保障有關股份類別投資者避免基金貨幣相對參考貨幣的價值下跌, 惟亦會限制投資者享有基金貨幣升值之利 - 進行貨幣對沖不保證能完全消除就參考貨幣的貨幣風險 11. 貨幣風險資產和股份類別可以美元以外的貨幣為計算單位, 部分或會不能自由兌換 基金可能因持有證券的貨幣 股份類別參考貨幣和美元之間的匯率變動及匯率控制而遭受不利影響, 使基金所有股份類別承受匯率浮動和貨幣風險 對於對沖該等外匯 / 貨幣風險, 基金或會難以或未能作出 6

23 施羅德環球基金系列 - 環球股債收息 12. 人民幣的貨幣風險及人民幣股份類別相關風險 - 人民幣現時不可自由兌換, 須遵守外匯管制政策及限制 - 無法保證人民幣不會貶值 人民幣的任何貶值可負面地影響投資者於以人民幣定值股份類別的投資價值 - 人民幣股份類別參考境外人民幣 ( CNH ) 而非境內人民幣 ( CNY ) 的價值計值 CNH 及 CNY 雖屬相同貨幣, 但以不同的利率交易 CNH 與 CNY 的任何分別可能負面地影響投資者 - 並非以人民幣為基本貨幣的投資者, 在投資人民幣股份類別時可能須將港幣或其他貨幣兌換為人民幣, 其後亦須將贖回人民幣所得款項及 / 或人民幣派息 ( 如有 ) 兌換為港幣或該等其他貨幣 因此視乎人民幣兌港幣或其他貨幣的匯率走勢而定, 投資者將須承擔貨幣匯兌成本並可能帶來損失 - 在極端市況下, 以人民幣支付贖回款項及 / 或派息可能因人民幣的外匯管制和限制而延遲 本基金過往的業績表現如何? 9% 6% 3% 0% -3% -6% -9% 7.4% 5.8% 5.5% 2.8% % 註 - 往績並非預測日後業績表現的指標 投資者未必能取回全部投資本金 - 基金業績表現以歷年末的資產淨值作為比較基礎, 股息會滾存再作投資 - 上述數據顯示基金的 A 類別 ( 美元累積 ) 總值在有關曆年內的升跌幅度 業績表現以美元計算, 當中反映出基金的持續費用, 但不包括基金可能向閣下收取的認購費及贖回費 - 如年內沒有顯示有關的業績表現, 即代表當年沒有足夠數據用作提供業績表現之用 - 基金發行日 : A 類別 ( 美元累積 ) 發行日 : 管理公司視 A 類別 ( 美元累積 )( 即以基金的基本貨幣計值的零售股份類別 ) 為基金的最適合代表股份類別 註 : 這些年度的業績表現乃在不再適用的情況下取得的 在這些年度, 基金出現重大變更, 即投資目標及政策變更和費用下調 本基金有否提供保證? 本基金並不提供任何保證 閣下未必能取回投資本金 7

24 施羅德環球基金系列 - 環球股債收息 投資本基金涉及哪些費用及收費? 閣下或須繳付的收費 基金股份交易或須繳付以下費用 費用 金額 股份類別 A A1 D 認購費 ( 首次認購費 ) 以認購總金額之 5.00% 為上限 以認購總金額之 4.00% 為上限 無 轉換費不多於轉換股份價值的 1.00% 贖回費 無 基金持續繳付的費用 以下收費將從基金總值中扣除, 閣下的投資回報將會因而減少 每年收費率 ( 佔基金總值百分比 ) 股份類別 * A A1 D 管理費 1.25% 1.25% 1.25% 存管費不多於 0.005% 業績表現費 ( 表現費 ) 無 行政費不多於 0.25% 分銷費無 0.50% 1.00% 保管服務費不多於 0.3% 交易費用 ( 由存管處徵收 ) 每宗交易不多於 150 美元 會計及估值服務費不多於 0.015% * 如發售貨幣對沖股份類別, 年率最高達每股資產淨值 0.03% 的對沖費將由招致有關費用的貨幣對沖股份類別承擔 對沖費將支付給提供貨幣對沖服務的管理公司 註 : 截至本文件日期, 本基金的 D 類股份並不向香港公眾發售 其他費用 閣下進行基金股份交易或須繳付其他費用 有關由基金繳付的費用, 請參閱銷售文件 8

25 施羅德環球基金系列 - 環球股債收息 其他資料 - 施羅德投資管理 ( 香港 ) 有限公司在基金每個交易日交易截止時間 ( 即香港時間下午 5 時正 ) 或之前直接或經配售商收妥的認購或贖回要求, 一般按隨後釐定的基金相關資產淨值執行 閣下作出認購或贖回指示前, 請向閣下的配售商查問其內部的交易截止時間, 因其交易截止時間可能會較基金的為早 - 列載所有可供認購之收息股份類別的派息次數和計算股息基準的股息一覽表, 以及採取 (i) 不固定派息政策或 (ii) 固定派息政策並從資本中支付股息之各收息股份類別過去 12 個月的股息成份 ( 即從資本和可分派淨收入支付派息的百份比 ), 可向施羅德投資管理 ( 香港 ) 有限公司索取及瀏覽施羅德網站 ( - 供香港投資者認購的其他股份類別的業績表現上載至網站 - 基金在每一交易日計算基金資產淨值及刊登股份價格, 並上載至網站 該網站未經證監會審閱 重要提示 閣下如有疑問, 應諮詢專業意見 證監會對本概要的內容並不承擔任何責任, 對其準確性或完整性亦不作出任何陳述 9