Schroder ISF As.Local C.Bd.IZ Acc USD/  LU2016213725  /

The fund aims to provide capital growth and income in excess of the iBoxx Asian Local Currency Bond Index after fees have been deducted over a three to five year period by investing in Asian bonds denominated in local currencies. The fund is actively managed and invests at least two-thirds of its assets in bonds 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) denominated in local currencies issued by governments, government agencies and companies in Asia (excluding Japan and including countries in west Asia, as described in the prospectus). The fund invests in local currency bonds in a diverse range of Asian countries, each with very different economies. The fund may invest up to 30% of its assets in mainland China through the Qualified Foreign Investor ("QFI") scheme or regulated markets (including the Chinese Interbank Bond Market (CIBM) via Bond Connect or CIBM Direct). 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 with the aim of achieving investment gains, reducing risk or managing the fund more efficiently. The fund may use leverage and take short positions.

The fund aims to provide capital growth and income in excess of the iBoxx Asian Local Currency Bond Index after fees have been deducted over a three to five year period by investing in Asian bonds denominated in local currencies.