Schroder International Selection Fund Hong Kong Equity C Accumulation GBP Hedged

The fund is actively managed and invests at least two-thirds of its assets in securitised bonds including, but not limited to, asset-backed securities (ABS), agency and non-agency residential mortgage-backed securities (MBS) including forward-settling securities such as to be announced (TBA) trades, commercial mortgage-backed securities (CMBS), collateralised loan obligations (CLOs) and credit risk transfer securities (CRTs). Underlying assets of the asset-backed securities may include credit card receivables, personal loans, auto loans, transportation finance and small business loans. The fund may also invest in bonds issued by governments, government agencies, supra-nationals and companies worldwide. The fund's strategy will have an overall duration of between zero and four years, but this does not preclude the fund from investing in bonds with a duration above four years. The fund may invest up to 100% of its assets in bonds issued worldwide with an investment grade or sub-investment grade credit rating (as measured by Standard & Poor's or any equivalent grade of other credit rating agencies for rated securities and implied Schroders ratings for non-rated securities). The fund may also invest up to one-third of its assets directly or indirectly in other securities (including other asset classes), countries, regions, industries or currencies, investment funds, warrants and money market investments, and hold cash (subject to the restrictions provided in the prospectus). The fund may use derivatives, long and short, with the aim of achieving investment gains, reducing risk or managing the fund more efficiently.