1. New share class designation for Schroder ISF distribution shares
Additional characters added to name will identify certain share class characteristics
‘This new flexibility offers welcome choices for income investors to receive distributions to suit their needs’
The SISF distribution share class names will incorporate some additional characters at the end of the existing name which will enable users to identify certain characteristics of the share class that are not currently distinguished within the name.
The implementation date for the new share class designation is 11 September 2018, and from this date we will be able to:
Provide more information about the distributions being made by the share class, as the users will be able to identify a number of different share class characteristics, including: distribution frequency, distribution type and whether the share class pays out the currency carry
Provide a more complete range of distribution share classes as we will have the flexibility to launch multiple distribution share class types for the same fund. This means we will be able to cater for different regional preferences for distribution policies e.g. different distribution frequencies
The share class designations are:
Distribution frequency: M = monthly, Q = quarterly, S = semi-annual, A = annual
Distribution type: F = fixed or V = variable
Currency premium C (Note: if a share class does not distribute any currency premium this will not be specified)
Different Distribution Rates: 2, 3, 4, 5,…
The actual fixed percentage will not be displayed in the name, instead a numerical suffix will differentiate the share classes (e.g. 2,3, n)
This enables the launch of multiple fixed distribution share classes with different distribution rates for the same fund

2. New share class designation for Schroder ISF distribution shares
Example
Additional Notes
The example below shows the current share class name and how it will be reflected going forward If there is demand we now have the flexibility to launch further variations of the A distribution class for this fund, such as:
The change will not affect the distribution characteristics of the existing share classes; we are just providing more information
There will be no change to the naming convention of Acc classes and there will be no changes to ISIN codes
As is the case currently, the currency of the share class will be included in the share class name when the class is non-base currency denominated. The share class name will disclose if the share class is hedged (if the share class is unhedged, this will not be specified)
The implementation of the new share class naming designation will be reflected in our documents and website as follows:
Website (internal and external): will display the new name
Prospectus: will be updated during Q to include additional information about the share class designations
Filenames for KIIDs and Factsheets: will display the new name
KIIDs and Factsheets: the current share class name at the top of KIIDs and Factsheets will remain unchanged, however the KIIDs and Factsheets will state and describe the distribution policy within the documents e.g. fixed or variable
Existing share class name
New share class name
Schroder ISF Global Equity Yield A Distribution
Schroder ISF Global Equity Yield A Distribution MV
A quarterly distributing fixed class
Another fixed class with a different fixed rate
Schroder ISF Global Equity Yield A Distribution QF
Schroder ISF Global Equity Yield A Distribution QF2