This factsheet is intended for professional investors only.
Schroder Pension
Management Ltd (SPML)
Fund Range
SPML offers a range of unit-linked Life Funds to UK Defined Benefit and Defined Contribution Pension
Schemes. These Funds invest in other Schroder vehicles, direct securities and external pooled Funds.
This factsheet is accurate as of March 2016. Further information can be found on
www.schroders.com/ukpensions or is available on request.
Multi-Asset
Funds
Fund
Benchmark and target
Schroder Life
Diversified Growth Fund
RPI +5% per annum over an economic
cycle typically a five year period
0.70%
Schroder Life Intermediated
Diversified Growth Fund
RPI +5% per annum over an economic
cycle typically a five year period
0.70%
Schroder Life
Managed Balanced Fund
CAPS Pooled Balanced Median,
+1.0% p.a. (net) over rolling three year periods
0.53%
Schroder Life
Dynamic Multi Asset Fund
CPI + 4% pa net of fees
(over a market cycle of typically 5 years)
0.40%
Schroder Life
Flexible Retirement Fund*
The fund does not have a benchmark. It aims to
deliver a return of CPI + 2% per annum net of fees
over a market cycle (typically three to five years) whilst
also mitigating the risk of incurring a loss greater than
8% over any investment period
0.31%
Schroder Life
Risk Managed Global Equity Fund*
The fund does not have a benchmark. The target is
to limit losses to no more than 15% in any rolling 12
month period; and participate in between 60% and
90% of equity gains over a rolling 5 year period
0.23%
Ongoing charges for series 1
*The ongoing charges figure shown here is an estimate of the charges because the fund was launched recently and did not have
a year’s expenses upon which to calculate the figure.
Equity Funds
Fund
Benchmark and target
Schroder Life
Pacific Fund
MSCI Pacific ex Japan (Total Return),
+2% p.a. (gross) over rolling three year periods
0.52%
Schroder Life
Global Equity Fund
MSCI World Index (Net dividend reinvested),
+2% p.a. to +2.5% p.a. (gross) over rolling
three years periods
0.54%
Schroder Life
Global Equity Alpha Fund
MSCI World Index (Net dividend reinvested),
+3.5% p.a. to +4.5% p.a. (gross) over rolling
three year periods
0.71%
Schroder Life
Global Emerging Markets Fund
MSCI Global Emerging Markets Free Index,
+3.5% p.a. (gross) over rolling three year periods
Ongoing charges for series 1
1.09%
Equity Funds
Fund
Benchmark and target
Schroder Life
QEP Global Active Value Fund
The fund aims to return 3% per annum (gross of fees) in excess
of suitable global equity indices over a complete market cycle.
As the investment strategy is index-unconstrained, an index
is used for performance reference purposes only. The primary
reference index is the MSCI AC World (NDR).
0.67%
Schroder Life
QEP Global Blend Fund
The fund aims to return 3% per annum (gross of fees) in excess
of suitable global equity indices over a complete market cycle.
As the investment strategy is index-unconstrained, an index
is used for performance reference purposes only. The primary
reference index is the MSCI AC World (NDR).
0.68%
Schroder Life
QEP Global Core Fund
The fund aims to return 1% per annum (gross of fees) in
excess of the MSCI World (NDR) over a complete market
cycle, with a tracking error versus the index of typically less
than 1.5% per annum.
0.37%
Schroder Life
QEP Global Emerging Markets
The fund aims to return 3% per annum (gross of fees) in
excess of emerging market equities over a complete market
cycle. As the investment strategy is index-unconstrained, an
index is used for performance reference purposes only. The
primary reference index is the MSCI Emerging Markets (NDR).
0.92%
Schroder Life Sterling Hedged
QEP Global Active Value Fund
The fund aims to return 3% per annum (gross of fees) in excess
of suitable global equity indices over a complete market cycle.
As the investment strategy is index-unconstrained, an index
is used for performance reference purposes only. The primary
reference index is the MSCI AC World GBP Hedged (NDR).
0.70%
Schroder Life Sterling Hedged
QEP Global Blend Fund
The fund aims to return 3% per annum (gross of fees) in excess
of suitable global equity indices over a complete market cycle.
As the investment strategy is index-unconstrained, an index
is used for performance reference purposes only. The primary
reference index is the MSCI AC World GBP Hedged (NDR).
0.71%
Schroder Life
Specialist Value UK Equity Fund
FTSE All Share (Total Return), +2.5% p.a. (gross)
over rolling three to five year periods
0.77%
Schroder Life
UK Equity Portfolio
FTSE All Share (Total Return) +2% p.a. to +3% p.a. (gross)
over rolling three to five year periods
0.50%
Ongoing charges for series 1
*The ongoing charges figure shown here is an estimate of the charges because the fund was launched recently and did not have a
year’s expenses upon which to calculate the figure.
Fixed Income
Funds
Fund
Benchmark and target
Schroder Life
All Maturities Corporate Bond Fund
Bank of America Merrill Lynch Sterling Non-Gilts All Stocks,
+0.75% p.a. (gross) over a market cycle
0.26%
Schroder Life
Long Dated Corporate Bond Fund
Bank of America Merrill Lynch Sterling Non-Gilts All Stocks
Over 15 Year, +0.75% p.a. (gross) over rolling three
year periods
0.28%
Schroder Life
Sterling Broad Market Bond Fund
Markit iBoxx GBP Gilts (50%) & Non-Gilts (50%) Index
0.31%
Schroder Life
Sterling Bond Fund
FTSE Fixed A UK Government Fixed All Stocks Index,
+0.5% p.a. (gross) over rolling three year periods
0.30%
Schroder Life
Long Dated Sterling Bond Fund
FTSE A Over 15 Year Gilts, +0.5% p.a. (gross)
over rolling three year periods
0.30%
Schroder Life
Index Linked Bond Fund
FTSE A Index-Linked Gilt (over 5 years), +0.45% p.a. (gross)
over rolling three year periods
0.27%
Schroder Life
Cash Fund
CAPS Pooled Cash Median, The fund aims to match
its benchmark, the CAPS Pooled Cash Median
0.23%
Ongoing charges for series 1
Note: This range factsheet is intended to provide a high level overview of the range of Schroder Pension Management range of
Funds. Any investments made must be on the basis of the terms laid out in the policy document, which is available on request.
Schroder Life
Fund Details
Permitted investors
Investment in the Schroder Life Funds through a life policy is available to pension schemes which are
registered with HM Revenue & Customs under Chapter 2, Part 4 of the Finance Act 2004.
The Funds are open, at our discretion, to other investors with tax exempt pension assets.
For details on the Schroder Flight Path Swift strategy, please speak to your usual Client Director,
a member of the UK Strategic Solutions team, or refer to the Flight Path Swift brochure which is
available on request.
Investing, dealing and settlement
Investments into the Schroder Life Funds can be made by cash or, where appropriate, through the
transfer of existing assets.
For cash subscriptions: dealing days are every day, excluding weekends and bank holidays.
Instructions received by 12 noon (with the exception of Schroder Life Pacific Fund, Schroder Life
Global Equity Fund, Schroder Life Specialist Value UK Equity Fund which can be received up to
4pm) will be transacted on a forward pricing basis on that days valuation point. We can accept deal
instructions through fax or post.
Settlement for units purchased or sold will typically be four days after the dealing day. Our preferred
means of settling transactions is by Telegraphic Transfer, however for investments we are also able
to receive a cheque. We will settle all disinvestments by Telegraphic Transfer to a predetermined
bank account.
For transfers of assets: we will work with you and your advisors to identify an appropriate transfer
strategy that minimises costs and increases the efficiency of the transfer. Under certain circumstances
we are able to satisfy disinvestment through in-specie transfers.
All units are accumulation only, with income reinvested and tax reclaims made within the fund.
Fees and charges
Fees payable on investments in the funds can be by direct invoice or through the unit price of the
fund. Fees payable under invoice are made on a quarterly basis and are based upon the average
value of holdings at the end of each month during the relevant quarter. For classes of units where fees
are included in the price, an adjustment is made within the unit price on a daily basis. A full list of our
standard fees is available on request.
There are no initial or disinvestment charges. However, Schroder Pension Management Limited reserves
the right to alter the nature and level of fees as set out in the policy document.
Further information
If you require any further information about our range of funds for Occupational Pension Schemes,
please contact Schroders as follows:
Telephone: 0800 032 0553
Email Address: SPML@schroders.com
Website: www.schroders.com/ukpensions
Important information: This document is intended for UK Professional investors only. The value of your investments (which may trade in limited markets) may go up
as well as down and you may not get back the full amount invested. Taxation levels, bases and reliefs can change. Any of the matters disclosed on this factsheet may
be subject to change. The investment manager, Schroder Investment Management Limited, is authorised and regulated by the Financial Conduct Authority, 31 Gresham Street,
London, EC2V7QA. Telephone: 020 7658 6000. The Insurer, Schroder Pension Management Limited, authorised by the Prudential Regulation Authority and regulated by the
Financial Conduct Authority and the Prudential Regulation Authority, 31 Gresham Street, London, EC2V7QA. Telephone: 0800 032 0553. For security, communications may be
taped or monitored. If you require investment advice please contact your consultant. w48623