as at 29/06/2018 schroder isf - asian equity yield a acc · the amount of distributable income...

Schroder ISF - Asian Equity Yield A Acc施羅德環球基金系列 - 亞洲收益股票 A類股份累積單位

As at 截至 29/06/2018

Important Information 重要事項The fund invests primarily in equity and equity related securities of Asia Pacific companies (excluding Japan).

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.

l

The fund may invest in emerging markets which are subject to political and economic, legal and regulatory, market and settlement, execution and counterparty and currency risks. It is also exposed to the risks specific to the China market.

l

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.

l

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.基金主要投資於亞太區公司(日本除外)的股本和股本相關證券。

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。

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基金可投資於新興市場而須承受政治和經濟、法律及監管、市場及結算、執行及交易對手方及貨幣風險，基金亦須承受中國市場相關的風險。l

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。

l

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。

Key Information 基金資料

USD30.6734 (美元)Unit NAV 單位資產淨值

Hi/Lo (Past 12 mths)最高/最低 (過去十二個月)

USD33.6039/28.5982(美元)

5.92%Annualised Return (3 yrs)年度回報率 (3年)

Annualised Volatility (3 yrs)年均相對波幅 (3年)

13.96%

Beta (3 yrs) 貝他 (3年) 0.82

0.33Sharpe Ratio (3 yrs)夏普比率 (3年)

5.00%Initial Charge up to 首次認購費上限

1.50% p.a.Management Fee 管理年費

Fund Manager 基金經理 King Fuei Lee

06/04Launch Date 推出日期*

USD1,455.05 (美元)Fund Size 資產值 (million百萬元)

31/12Financial Year End財政年度結算日

752Schroders InvestLink Code「施羅德資訊通」編號

ISIN CODEISIN號碼

Bloomberg Ticker彭博代碼

Share Class Available可認購單位類別

LU0188438112

LU0192582467

SCHAEYA LX

SCHAEAD LX

A Acc - USD

(A類累積 - 美元)

A Dis - USD

(A類收息 - 美元)

DistributionFrequency派息次數

N/A

M

★★★★èMorningstar Rating èMorningstar Analyst Rating

晨星星號評級晨星分析師評級

TM TM

Investment Objective 投資目標The fund aims to provide income and capital growth by investing in equity and equity related securities of Asia Pacific companies (excluding Japan).基金旨在通過投資於亞太區公司（日本除外）的股本和股本相關證券，以提供收入和資本增值。

Cumulative Performance 累積表現 *^ (%)

-4.29 -4.29 -3.17 -3.17 6.07 6.07 18.84 18.84 31.14 31.14 370.28 ^370.28Fund 基金

YTD年初至今

3 Mths3個月 1年

1 Yr3年

3 Yrs5年

5 Yrs自12/12/2002

Since 12/12/2002^

414.1442.9023.51-3.85 -3.69 9.90Index 指數~

(%)

Fund 基金 MSCI AC Pacific ex Japan Net TR~

Fund基金

Annual Return基金總回報 (%)

Index~指數

29.48 29.482017 36.91

7.43 7.432016 7.47

-9.40 -9.402015 -9.64

7.62 7.622014 1.50

-2.76 -2.762013 3.93

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. *Effective 11/06/2004, Schroder Institutional Pooled Fund (IPF) Asian Equity Yield Fund (launched on 12/12/2002) was merged into Schroder ISF Asian Equity Yield. The management fee has been changed from 0.625%p.a. to 1.5% p.a. ^Performance before 11/06/2004 refers to that of Schroder IPF Asian Equity Yield Fund. ~The benchmark has been changed from MSCI AC Pacific ex Japan Gross TR to MSCI AC Pacific ex Japan Net TR on 02/04/2013. The full track record of the previous benchmark has been replaced with the new one.Distribution Frequency: M = Monthly; Q = Quarterly; S = Semi-annual;A = Annual; N/A = Not applicableèMorningstar, Inc. All Rights Reserved. Morningstar Rating (TM) as at 29/06/2018. Morningstar Analyst Rating (TM) as at 07/11/2017.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。 *寶源機構匯集基金 – 亞洲股票收益基金(設立日: 12/12/2002)於11/06/2004轉入至施羅德環球基金系列 - 亞洲收益股票。管理年費由0.625%轉為1.5%。 ^11/06/2004前的表現數據均屬寶源機構匯集基金 - 亞洲股票收益基金。 ~本基金基準已於02/04/2013 由MSCI AC Pacific ex Japan Gross TR更改為MSCI AC Pacific ex Japan Net TR。前者的全部往績已被新基準取代。派息次數: M = 每月; Q = 每季; S = 每半年; A = 每年; N/A = 不適用。èMorningstar 版權所有。晨星星號評級數據截至29/06/2018。晨星分析師評級數據截至07/11/2017。

Geographical Breakdown 地區資產分佈 (%)Australia 澳洲 28.67

Hong Kong 香港 21.86

China 中國 16.82

South Korea 南韓 11.21

Singapore 新加坡 8.34

Taiwan 台灣 8.21

Thailand 泰國 1.57

Philippines 菲律賓 1.36

Others 其他 0.94

Liquid Assets 流動資產 1.02

Industry Breakdown 行業資產分佈 (%)Financials 金融 28.75

Consumer Discretionary 非必需消費品 15.75

Info. Technology 資訊科技 13.69

Real Estate 房地產 12.76

Materials 原料 9.89

Industrials 工業製造 5.89

Energy 能源 4.69

Utilities 公用事業 3.48

Others 其他 4.08

Liquid Assets 流動資產 1.02

Top Holdings 主要投資 (%)Samsung Electronics 5.16

BHP Billiton 4.57

Crown Resorts 4.49

China Construction Bank 4.28

Hon Hai Precision Industry Co Ltd 4.10

Jardine Strategic Holdings 3.97

Midea Group 3.91

Swire Properties 3.79

HSBC Holdings 3.79

China Yangtze Power 3.48

從此處下載銷售文件 www.schroders.com.hk

Download the offering documents here

Schroder International Selection Fund Société d’Investissement à Capital Variable

5, rue Höhenhof, L-1736 Senningerberg Grand Duchy of Luxembourg

Tel: +352 341 342 202 Fax:+352 341 342 342

www.schroders.com R.C.S. Luxembourg – B. 8202 For your security telephone conversations may be recorded

IMPORTANT: This letter is important and requires your immediate attention. If you have any questions about the content of this letter, you should seek independent professional advice. The directors of Schroder International Selection Fund accept full responsibility for the accuracy of the information contained in this letter and confirm, having made all reasonable enquiries, that to the best of our knowledge and belief there are no other facts the omission of which would make any statement misleading.

11 August 2018

Dear Shareholder,

Schroder International Selection Fund – share class designations

We are pleased to inform you that following a review of our share class offering, the board of directors of Schroder International Selection Fund has decided to enhance the naming convention that we use for all distribution share classes with effect from 11 September 2018.

This change will make it easier for you to identify the key characteristics of the distribution share classes that you are holding. The attached schedule provides the old and new names for each of Schroders’ distribution share classes that are being offered to the public in Hong Kong.

Following the change, there will be several new characters at the end of the share class name, to indicate:

– Distribution frequency (M = monthly, Q = quarterly, S = semi-annual, A = annual)

– Distribution type (F = fixed or V = variable)

– Currency carry (C)1

– Different distribution rates - the actual fixed percentage or amount will not be displayed in the name, instead a numerical suffix will differentiate the share classes (e.g. 2, 3, n)

For the avoidance of doubt, the change will not affect the existing distribution characteristics of the share classes; the change is simply to indicate those characteristics within the share class name itself. There will be no changes to ISIN codes or to the naming convention of Accumulation share classes. All other key features of the Fund will remain the same.

Any expenses incurred directly as a result of making this change will be borne by Schroder Investment Management (Europe) S.A., the Company’s management company.

1 This refers to the premium or discount that may apply to the distribution. Distributions may include a premium when the interest rate of a currency hedged share class is higher than the fund's base currency interest rate. Consequently when the interest rate of a currency hedged share class is lower than the fund's base currency interest rate, the dividend may be discounted. The level of premium or discount is determined by differences in interest rates and is not part of the fund's investment objective or investment policy.

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If you have any questions or would like more information, please contact your usual professional advisor or Schroder Investment Management (Hong Kong) Limited at Level 33, Two Pacific Place, 88 Queensway, Hong Kong or calling the Schroders Investor Hotline on (+852) 2869 6968.

Yours faithfully,

Cord RodewaldAuthorised Signatory

Alastair WoodwardAuthorised Signatory

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Schedule

Fund Current name of distribution share classes

New name of distribution share classes

ISIN Codes

Asian Bond Total Return

A1 Distribution EUR A1 Distribution EUR MV LU0251570361 A Distribution HKD A Distribution HKD MV LU0532872552 A Distribution A Distribution MV LU0091253459 A1 Distribution A1 Distribution MV LU0160363239 D Distribution D Distribution MV LU0417517975 A1 Distribution EUR Hedged

A1 Distribution EUR Hedged MV LU0327382494

Asian Dividend Maximiser*

A Distribution A Distribution MF LU0955648018 A Distribution AUD A Distribution AUD MF LU0955649842 A Distribution EUR A Distribution EUR MF LU0955663751 A Distribution EUR Hedged A Distribution EUR Hedged MF LU0955665376 A1 Distribution EUR Hedged A1 Distribution EUR Hedged MF LU1015429712 A Distribution AUD Hedged A Distribution AUD Hedged MFC LU1130306589

Asian Equity Yield

A Distribution GBP A Distribution GBP AV LU0242608361 A Distribution A Distribution MF LU0192582467 A1 Distribution A1 Distribution MF LU0193968947

Asian Local Currency Bond

A Distribution A Distribution MV LU0358731395 A Distribution EUR Hedged A Distribution EUR Hedged MV LU0953474524

Asian Opportunities

A Distribution A Distribution AV LU0048388663

Asian Total Return

A Distribution GBP A Distribution GBP AV LU0378801590

BRIC (Brazil, Russia, India, China)

A Distribution GBP A Distribution GBP AV LU0242619723

A Distribution EUR A Distribution EUR AV LU0858243842 China Opportunities

A Distribution HKD A Distribution HKD QV LU1188198961

Emerging Asia A Distribution GBP A Distribution GBP AV LU0242608874 Emerging Europe

A Distribution GBP A Distribution GBP AV LU0242609179 A Distribution A Distribution AV LU0106820458

Emerging Markets A Distribution A Distribution AV LU0049853897 Emerging Markets Debt Absolute Return

A Distribution A Distribution QF LU0080733339 A1 Distribution A1 Distribution MF LU0160363585 A Distribution EUR Hedged A Distribution EUR Hedged QF LU0499925211 A1 Distribution EUR Hedged A1 Distribution EUR Hedged MF LU0186876156 A Distribution GBP Hedged A Distribution GBP Hedged AV LU0218201050

* The name Dividend Maximiser refers to the investment objective of the fund to enhance the fund dividend by generating extra income from selling covered call options on the underlying equity portfolio and this may reduce the potential capital growth and future income of the fund. It does not suggest that the manager would aim at seeking the highest possible dividends for the fund.

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A1 Distribution AUD Hedged A1 Distribution AUD Hedged MF LU0502009730

Emerging Multi-Asset Income

A Distribution A Distribution MF LU1196710351 A1 Distribution A1 Distribution MF LU1196710435 A Distribution AUD Hedged A Distribution AUD Hedged MFC LU1196710781 A Distribution EUR Hedged A Distribution EUR Hedged QF LU1469675745 A Distribution HKD A Distribution HKD MF LU1725190679

EURO Bond A Distribution A Distribution QF LU0093472081 A1 Distribution A1 Distribution QF LU0671500071

EURO Corporate Bond

A Distribution A Distribution SF LU0425487740 A1 Distribution A1 Distribution SF LU0406854488

EURO Equity A Distribution A Distribution AV LU0091115906 EURO Government Bond A Distribution A Distribution AV LU0053903893 EURO Short Term Bond A Distribution A Distribution AV LU0085618261 European Dividend Maximiser*

A Distribution A Distribution QF LU0321371998 A1 Distribution A1 Distribution QF LU0321374661 A Distribution USD Hedged A Distribution USD Hedged MF LU1046234339

European Value A Distribution A Distribution AV LU0191612000 European Large Cap

A Distribution A Distribution AV LU0062647606 A Distribution GBP A Distribution GBP AV LU0798850961

European Smaller Companies A Distribution A Distribution AV LU0053902499 Frontier Markets Equity A Distribution A Distribution AV LU1046231319 Global Bond A Distribution A Distribution AV LU0012050992

A Distribution EUR Hedged A Distribution EUR Hedged QF LU0694810861 A1 Distribution EUR Hedged A1 Distribution EUR Hedged QF LU0694811240

Global Corporate Bond

A Distribution A Distribution MV LU0053903380 A1 Distribution A1 Distribution MV LU0406859446 A Distribution EUR Hedged A Distribution EUR Hedged QF LU0201325072 A1 Distribution EUR Hedged A1 Distribution EUR Hedged QF LU0671500741 A1 Distribution AUD Hedged A1 Distribution AUD Hedged MVC LU0532872800 A Distribution RMB Hedged A Distribution RMB Hedged MFC LU0846443405

Global Credit Duration Hedged

A Distribution A Distribution QF LU0671502796 A1 Distribution A1 Distribution QF LU0671502879 A Distribution USD Hedged A Distribution USD Hedged AV LU0506957603

Global Credit Income

A Distribution A Distribution MF LU1514167136 A Distribution HKD A Distribution HKD MF LU1514167649 A Distribution EUR Hedged A Distribution EUR Hedged QF LU1514168027 A Distribution GBP Hedged A Distribution GBP Hedged MF LU1514168530

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A Distribution AUD Hedged A Distribution AUD Hedged MFC LU1514168969 A Distribution RMB Hedged A Distribution RMB Hedged MFC LU1514169009

Global Dividend Maximiser*

A Distribution A Distribution QF LU0306807586 A1 Distribution A1 Distribution QF LU0308882355 A Distribution EUR Hedged A Distribution EUR Hedged QF LU0671501129 A1 Distribution EUR Hedged A1 Distribution EUR Hedged QF LU0671501392 A Distribution AUD Hedged A Distribution AUD Hedged MFC LU1046234412 A Distribution RMB Hedged A Distribution RMB Hedged MFC LU1103348774

Global Emerging Market Opportunities A Distribution A Distribution AV LU0509642566 Global Energy A Distribution EUR A Distribution EUR AV LU0555008191

A Distribution GBP A Distribution GBP AV LU0355356758 Global Equity Alpha A Distribution GBP A Distribution GBP AV LU0242609849 Global Equity Yield

A Distribution GBP A Distribution GBP AV LU0242610268 A Distribution A Distribution MF LU0225771236 A1 Distribution A1 Distribution MF LU0225771749 A Distribution HKD A Distribution HKD MF LU0985481810

Global Gold A Distribution A Distribution AV LU1223082519 A Distribution GBP Hedged A Distribution GBP Hedged AV LU1223083327

Global High Yield

A Distribution A Distribution MV LU0205194797 A1 Distribution A1 Distribution MF LU0418832605 A Distribution EUR Hedged A Distribution EUR Hedged QV LU0671501806 A1 Distribution EUR Hedged A1 Distribution EUR Hedged QV LU0671501988 A1 Distribution AUD Hedged A1 Distribution AUD Hedged MVC LU0532874335 A Distribution AUD Hedged A Distribution AUD Hedged MVC LU1365048351 A Distribution HKD A Distribution HKD MV LU1365048278

Global Inflation Linked Bond

A Distribution A Distribution QV LU0671502010 A1 Distribution A1 Distribution QV LU0671502101

Global Multi-Asset Income

A Distribution A Distribution MF LU0757359954 A1 Distribution A1 Distribution MF LU0757360028 A Distribution EUR Hedged A Distribution EUR Hedged QV LU0757360960 A1 Distribution EUR Hedged A1 Distribution EUR Hedged QV LU0757361000 A Distribution HKD A Distribution HKD MF LU0894486033 A Distribution GBP Hedged A Distribution GBP Hedged MF LU0910996080 A Distribution AUD Hedged A Distribution AUD Hedged MFC LU0911024122 A Distribution RMB Hedged A Distribution RMB Hedged MF LU0924045015

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Global Cities Real Estate# A Distribution EUR A Distribution EUR SV LU0683716608 Global Smaller Companies A Distribution A Distribution AV LU0240878834 Global Sustainable Growth A Distribution EUR Hedged A Distribution EUR Hedged QV LU0671501046 Global Target Return

A Distribution A Distribution MF LU1751208403 A Distribution AUD Hedged A Distribution AUD Hedged MFC LU1823147738 A Distribution EUR Hedged A Distribution EUR Hedged MF LU1823147654 A Distribution HKD A Distribution HKD MF LU1823147811 A Distribution RMB Hedged A Distribution RMB Hedged MFC LU1823147571

Greater China A Distribution GBP A Distribution GBP AV LU0199880310 Hong Kong Dollar Bond A Distribution A Distribution MV LU0149524976 Japanese Equity A Distribution A Distribution AV LU0012050562 Japanese Opportunities A Distribution A Distribution AV LU0275265352 Latin American A Distribution GBP A Distribution GBP AV LU0242619483

A Distribution A Distribution AV LU0086394185 Middle East A Distribution A Distribution AV LU1046231749 QEP Global Active Value A Distribution A Distribution AV LU0203347892 Strategic Bond A Distribution A Distribution MV LU0216291897

A Distribution EUR Hedged A Distribution EUR Hedged QV LU0471239094 A1 Distribution EUR Hedged A1 Distribution EUR Hedged QV LU0471239177 A Distribution GBP Hedged A Distribution GBP Hedged AV LU0236987904

Taiwanese Equity A Distribution A Distribution AV LU0338530842 UK Equity A Distribution USD A Distribution USD AV LU0575583348

A Distribution A Distribution AV LU0045667853 US Dollar Bond A Distribution A Distribution QF LU0083284397

A Distribution EUR Hedged A Distribution EUR Hedged QF LU0671503091 A1 Distribution EUR Hedged A1 Distribution EUR Hedged QF LU0671503174 A Distribution GBP Hedged A Distribution GBP Hedged QV LU0523278819 A1 Distribution A1 Distribution QV LU0801193565

US Large Cap A Distribution A Distribution AV LU0006306889 A Distribution GBP A Distribution GBP AV LU1062721748

US Small & Mid-Cap Equity A Distribution A Distribution AV LU0205194284 US Smaller Companies A Distribution A Distribution AV LU0012050646

# The fund is not authorized by the SFC under the Code on Real Estate Investment Trusts.

Schroder International Selection Fund Société d’Investissement à Capital Variable


Tel: +352 341 342 202 Fax: +352 341 342 342


IMPORTANT: This letter is important and requires your immediate attention. If you have any questions about the content of this letter, you should seek independent professional advice. The directors of Schroder International Selection Fund accept full responsibility for the accuracy of the information contained in this letter and confirm, having made all reasonable enquiries, that to the best of our knowledge and belief there are no other facts the omission of which would make any statement misleading.

28 December 2017

Dear Shareholder,

Schroder International Selection Fund – Asian Equity Yield Schroder International Selection Fund – Asian Opportunities Schroder International Selection Fund – Asia Pacific Cities Real Estate Schroder International Selection Fund – Asian Smaller Companies Schroder International Selection Fund – Asian Total Return Schroder International Selection Fund – Global Smaller Companies Schroder International Selection Fund – Hong Kong Equity

Removal of restriction on investments in China-A Shares via Shenzhen Hong Kong Stock Connect

The board of directors of Schroder International Selection Fund (the "Company") has decided to update the additional information of the Funds listed above (the “Funds”) as disclosed in the "Fund Details" section of the Hong Kong Covering Document of the Company.

The purpose of the update is to remove the restriction that the Funds will invest not more than 5% of their respective net asset value in China A-Shares via Shenzhen-Hong Kong Stock Connect. The Funds currently have the ability to invest ‘up to 10%’ of their assets in China A-Shares through the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect.

The additional information applicable to the Funds which is being clarified in the "Fund Details" section of the Hong Kong Covering Document of the Company is as follows:

“For clarification, in relation to the Funds’ investment objectives as described in Appendix III to the Prospectus, the Funds may invest directly in China A-Shares via the Stock Connect. Indirect exposure to China A-Shares may also be sought for the Funds through investment in financial instruments such as China market access products and other funds with China access through RQFII/QFII quotas. The Funds do not currently intend to invest 30% or more of their respective Net Asset Value directly and indirectly in China A-Shares and China B-Shares.”

Change of investment policy

The board of directors of the Company has decided to change the investment policy of the Funds with effect from 1 February 2018 (the "Effective Date").

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The Funds will increase their flexibility to invest in China A-Shares through the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect to ‘less than 30%’ of their assets.

All other key features of the Funds will remain the same.

Any expenses incurred directly as a result of making this change will be borne by Schroder Investment Management (Luxembourg) S.A., the Company’s management company.

We hope that you will choose to remain invested in the Funds following this change, but if you do wish to redeem your holding in the Funds or to switch into another of the Company's sub-funds authorized by the Securities and Futures Commission (“SFC”)1 before the Effective Date you may do so at any time up to and including the deal cut-off at 5:00 p.m. Hong Kong time on 31 January 2018. We will execute your redemption or switch instructions in accordance with the provisions of the Company’s prospectus, free of charge, although in some countries local paying agents, correspondent banks or similar agents might charge transaction fees. Local agents might also have a local deal cut-off which is earlier than that described above, so please check with them to ensure that your instructions reach Schroder Investment Management (Hong Kong) Limited (the “Representative”) in Hong Kong before the deal cut-off at 5:00 p.m. Hong Kong time on 31 January 2018.

If you have any questions or would like more information, please contact your usual professional advisor or Schroder Investment Management (Hong Kong) Limited at Level 33, Two Pacific Place, 88 Queensway, Hong Kong or calling the Schroders Investor Hotline on (+852) 2869 6968.

Yours faithfully,

Cord RodewaldAuthorised Signatory

Alastair WoodwardAuthorised Signatory

1 SFC authorization is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.

1

PRODUCT KEY FACTS Schroder International Selection Fund –

Asian Equity Yield

Issuer: Schroder Investment Management (Luxembourg) S.A. April 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: Schroder Investment Management (Luxembourg) S.A.

Investment manager: Schroder Investment Management (Singapore) Ltd, located in Singapore, internal delegation

Depositary: J.P. Morgan Bank Luxembourg S.A.

Ongoing charges over a year*: Class A EUR Acc 1.87% Class A USD Dis 1.87%

Class A GBP Dis 1.87% Class A1 USD Acc 2.37%

Class A USD Acc 1.87% Class A1 USD Dis 2.37%

Dealing frequency: Daily

Base currency: USD

Dividend policy: 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.

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) 3.0% per annum

Class A1 USD Dis USD Monthly (12) 3.0% 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.

Schroder International Selection Fund – Asian Equity Yield

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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 expenses for the year ended 31 December 2017. 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 income and capital growth by investing in equity and equity related securities of Asia Pacific companies (excluding Japan).

Investment Policy

The fund invests at least two-thirds of its assets in equity and equity related securities of Asia Pacific companies (excluding Japan).

The fund invests in the equities of companies in the Asia Pacific (excluding Japan) region that pay dividends now but also retain enough cash to reinvest back into the company to generate future growth. As the fund is index-unconstrained it is managed without reference to an index.

The fund may invest directly in China B-Shares and China H-Shares and may invest up to 10% of its assets in China A-Shares through Stock Connect (as defined below).

The fund is not subject to any limitation on the portion of its net asset value that may be invested in any country in Asia Pacific (excluding Japan) (including emerging market countries) 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 also 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.

The fund may invest directly in China A-Shares via the Shanghai-Hong Kong 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 30% or more of the net asset value of the fund directly and indirectly in China A-Shares and China B-Shares.

Use of financial derivative instruments (“FDI”)

The fund may use FDI with the aim of reducing risk or managing the fund more efficiently. FDI can be used for instance to create market exposures through equity, currency, volatility or index related financial derivative instruments and include over-the-counter and/or exchange traded options, futures, contracts for difference, warrants, swaps, forward contracts and/or a combination of the above. However, the fund does not intend to use FDI extensively for investment purposes.


3

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.

2. 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.

3. Risks related to investment in the People’s Republic of China (the “PRC”)

Investing in the securities market in the PRC is subject to the risks specific to the PRC market including change in political, social or economic policy risk, liquidity and volatility risk, currency and exchange risk.

– Change in political, social or economic policy risk – The investment will be sensitive to any significant change in political, social or economic policy in the PRC which may adversely affect the capital growth and thus the fund performance.

– Legal and regulatory risk – The regulatory and legal framework for capital markets and joint stock companies in the PRC may not be as well developed as those of developed countries. PRC companies are required to follow the PRC accounting standards and practice which may deviate significantly from international accounting standards. The settlement and clearing systems of the Chinese securities markets may not be well tested and may be subject to increased risks of error or inefficiency. Securities exchanges in the PRC typically have the right to suspend or limit trading in any security traded on the relevant exchange. The government or the regulators may also implement policies that may affect the financial markets. All these may have a negative impact on the fund.

– Liquidity and volatility risk – Compared with the choice available in other markets, there is a low level of liquidity in the A-Shares and B-Shares of the PRC markets. This could potentially lead to severe price volatility.

– Currency and exchange risk – The PRC government’s control of currency conversion and exchange rates may adversely affect the operations and financial results of the companies invested in by the fund.

– PRC taxation consideration – The fund investing in securities issued by companies resident in the PRC are subject to dividend withholding tax but are not currently subject to capital gains tax in the PRC. The tax laws, regulations and practice in the PRC are inherently uncertain and liable to change without prior notice. They may also be changed with retrospective effect. The fund does not currently make any provision for Chinese capital gains tax. If appropriate, a provision may be introduced for the fund to cover capital gains tax, withholding taxes or other taxes. Consequently, investors may be advantaged or disadvantaged depending upon the final rules.


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4. Risks related to investments via the Stock Connect

The relevant rules and regulations on Stock Connect are subject to change which may have potential retrospective effect. The Stock Connect is subject to quota limitations. Where a suspension in the trading through the programme is effected, the fund’s ability to invest in China A-shares or access the PRC market through the programme will be adversely affected. In such event, the fund’s ability to achieve its investment objective could be negatively affected.

5. Risks related to investments in China market access products

The fund may use China market access products to gain exposure to China A-Shares indirectly. This involves additional risks including lack of a secondary market in such instruments, illiquidity of the underlying securities, difficulty in selling these instruments at times when the underlying markets are closed and counterparty default risk.

6. Risks related to investments in other funds with China access

– Investing in other funds may result in additional operating fees and expenses from the underlying funds.

– The fund may invest in other funds with China access through quota held by Qualified Foreign Institutional Investors (“QFII”) or Renminbi Qualified Foreign Institutional Investors (“RQFII”). Therefore, the fund is indirectly exposed to the risks associated with the QFII/RQFII regime such as suspension or revocation of the QFII/RQFII status, insufficient quota for investment by the underlying funds, as well as, repatriation and liquidity risks.

7. 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.

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. 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.


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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.

– 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.

– 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.

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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How has the fund performed?

– 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: 2004

– Class A USD Accumulation launch date: 2004

– 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 and reduction of fee(s).

-45.4%

55.2%

22.3%

-9.3%

31.2%

-2.8%

7.6%

-9.4%

7.4%

29.5%

-75%

-50%

-25%

0%

25%

50%

75%

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Note


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Is there any guarantee? This fund does not have any guarantees. You may not get back the full amount of money you invest.

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) Up to 1.00% of the value of the shares to be switched

Redemption fee (Redemption charge) 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 1.50% 1.50% 1.50%

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%

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.


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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 (www.schroders.com.hk).

– Past performance information of other share classes offered to Hong Kong investors is available online at www.schroders.com.hk.

– 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 www.schroders.com.hk. 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.

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產品資料概要施羅德環球基金系列－

亞洲收益股票

發行人：Schroder Investment Management (Luxembourg) S.A. 2018年4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 (Luxembourg) S.A.

投資經理： Schroder Investment Management (Singapore) Ltd（新加坡，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（歐元累積） 1.87% A類別（美元收息） 1.87%

A類別（英鎊收息） 1.87% A1類別（美元累積） 2.37%

A類別（美元累積） 1.87% A1類別（美元收息） 2.37%

交易頻密程度：每日

基本貨幣：美元

派息政策： 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。

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 3.0%

A1 類別（美元收息）美元每月（12 次）每年 3.0%

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。

施羅德環球基金系列－亞洲收益股票

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財政年終結日： 12月31日

最低投資額： 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2017年12月31日的年度費用計算，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亞太區公司（日本除外）的股本和股本相關證券，以提供收入和資本增值。

投資政策

基金將最少三分之二的資產投資於亞太區（日本除外）公司的股本和股本相關證券。

基金投資於現時派發股息但亦保留足夠現金再投資於公司使產生未來增長的亞太區（日本除外）公司的股本。由於基金不受指數約束，故此不會參考指數來管理。

基金可直接投資於中國B股和中國H股，亦可將最多10%的資產通過互聯互通機制（定義如下）投資於中國A股。

基金可投資於任何亞太區（日本除外）國家（包括新興市場國家）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。

基金亦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。

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。基金目前不擬將基金資產淨值的30%或以上直接及間接投資於中國A股及中國B股。

金融衍生工具的運用

基金可為減低風險或更有效地管理基金而運用金融衍生工具，例如透過股票、貨幣、波動性或指數相關金融衍生工具，包括場外交易及／或交易所買賣的期權、期貨、差價合約、認股證、掉期、遠期合約，及／或以上組合，運用金融衍生工具投資於市場。然而，基金無意為投資目的而大量運用金融衍生工具。


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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。

2. 新興和較落後市場

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及貨幣風險。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。

3. 投資於中華人民共和國（「中國」）的風險

投資於中國內地證券市場須承受中國市場特有的風險包括內地的政治、社會或經濟政策變動的風險、流動性及波動性風險、貨幣及匯率風險。

－政治、社會或經濟政策變動的風險－投資於中國會因內地的政治、社會或經濟政策的任何重大變動而易生波動，或會對資本增長及基金表現有不利影響。

－法律及監管風險－與已發展國家相比，中國的資本市場及聯合股份制公司的監管及法律架構尚未完善。中國公司須依從中國會計標準及慣例，而中國會計標準及慣例可能與國際會計標準有顯著的偏差。中國證券市場的結算和清算制度未必經充分的測試，所以可能會增加錯誤或缺乏效率的風險。中國的證券交易所通常有權暫停或限制任何證券在相關交易所的交易。政府或監管機關實施的政策亦可能影響金融市場。所有此等因素可能對基金有負面的影響。

－流動性及波動性風險－與其他市場的選擇相比，中國A股和B股市場的流通性低，這可能導致價格大幅波動。

－貨幣及匯率風險－中國政府的貨幣匯兌限制及匯率走勢可能會對有關基金所投資的公司的運作及財政業績有負面影響。

－中國稅務考慮－基金投資於中國公司發行的證券須為股息繳付預扣稅，但現時毋須繳付中國的資本增益稅。中國的稅法、法規和慣例本身並不清晰，有可能在沒有事先通知的情況下變更，而且可能具追溯效力。現時基金沒有為中國的資本增益稅作出任何撥備。如合適，可以為基金的資本增益稅、預扣稅或其他稅項作出撥備。所以，視乎最終的稅務規則，該等撥備對投資者而言可能是有利或不利。


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4. 經互聯互通機制投資相關的風險

有關互聯互通機制的規則和規例或會更改，並可能潛在追溯效力。互聯互通機制受額度限制所限。當通過機制的交易被暫停，基金經機制投資於中國A股或進入中國市場的能力將會受到不利影響。在該情況下，基金達致其投資目標的能力可受負面影響。

5. 與投資於中國市場連接產品相關的風險

基金可利用中國市場連接產品間接地投資於中國A股。此做法涉及額外風險，包括該等工具缺乏第二市場、相關證券缺乏流動性、相關市場關閉時難以出售該等工具、和對手方違約的風險。

6. 與投資於連接中國的其他基金相關的風險

－投資於其他基金可能導致相關基金產生額外營運費用和支出。

－基金可投資於透過由合格境外機構投資者（「QFII」）或人民幣合格境外機構投資者（「RQFII」）持有的額度投資於中國的其他基金。因此，基金間接承受與QFII／RQFII機制相關的風險。該等風險包括QFII／RQFII資格被暫停或取消、相關基金沒有足夠的投資額度，以及資金匯回和流動性風險。

7. 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。

8. 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。

9. 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。


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10. 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。

－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。

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。


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本基金過往的業績表現如何？

－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：2004

－ A類別（美元累積）發行日：2004

－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。

-45.4%

55.2%

22.3%

-9.3%

31.2%

-2.8%

7.6%

-9.4%

7.4%

29.5%

-75%

-50%

-25%

0%

25%

50%

75%

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

註


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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。

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 1.50% 1.50% 1.50%

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%

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。


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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(www.schroders.com.hk)。

－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www.schroders.com.hk。

－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www.schroders.com.hk。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。

as at 29/06/2018 schroder isf - asian equity yield a acc · the amount of distributable income...

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