Units in the Fund:
We divide the total value of the assets held in the Fund into
units and calculate prices for each unit based on the value of
the underlying assets in the relevant class. Each unit carries
equal beneficial interest in the Fund as a whole but does not
give an investor an interest in any particular assets of the
Fund. We also maintain a record of the number of units
acquired. You can increase your units by reinvesting
distributions or making an additional investment, or decrease
your units by making a withdrawal.
Generally, unit prices are calculated each Business Day for the
preceding Business Day in Sydney. The unit price will change
as the market value of assets in the Fund rises or falls. Entry
prices are generally higher than exit prices due to the costs of
buying and selling the underlying assets in the Fund. The cost
associated with buying and selling the underlying assets is
called the buy-sell spread. The unit price also reflects the
impact of fees charged for investing in the Fund. 

 

Minimum investment amounts
The minimum initial investment amount is $20,000 and the
minimum additional investment amount is $5,000. 

 

How to withdraw:
Unitholders may request to withdraw some or all of their
investment in the Fund by sending written notification or
completing a withdrawal form that can be downloaded from
www.schroders.com.au. For certain investor types,
withdrawal forms may also be submitted online.
The Fund has been admitted to mFund, the managed funds
settlement service operated by the ASX. Unitholders invested
through mFund will be able to make a withdrawal from the
Schroder Sustainable Global Core Fund 3
Fund through mFund by placing a sell order with participating
ASX brokers.
The minimum withdrawal amount is $5,000, unless the
withdrawal relates to all the units held by that unitholder.
Withdrawals are subject to cut-off times which are detailed in
section 1.4 of the ‘Additional Information to the PDS’.
Where payment instructions are not to a pre-nominated
account, failure to provide the original withdrawal instruction
to Schroders may cause delays in processing the instruction.
Schroders does not accept instructions to pay a third party
and will not initiate payments to accounts with non-Australian
Authorised Deposit-taking Institutions (ADIs) unless
otherwise agreed by Schroders. In some circumstances, such
as a freeze on withdrawals, unitholders may not be able to
withdraw their funds within the usual withdrawal periods.

 

Distributions:
Distributions are normally determined half-yearly (in June and
December) by Schroders. Cash distributions are calculated at
the end of the distribution period as determined by the
Responsible Entity in accordance with its distribution policy
and the Fund's Constitution with the total amount
distributable by the Fund being divided by the number of
units on issue. All taxable income will be attributed to
unitholders each year in accordance with the applicable tax
laws. A unitholder can elect to have their distributions:
– reinvested in units. There is no buy/sell spread associated
with reinvestment of distributions; or
– paid to the unitholder’s pre-nominated bank account with
an Australian ADI or a non-Australian ADI as agreed by
Schroders. 

 

Indirect investors:
Schroders authorises the use of this PDS by clients or
prospective clients of operators of platforms such as Investor
Directed Portfolio Services (IDPS), nominee or custody
services or IDPS-like services provided through a registered
managed investment scheme.
This PDS may be used to give the relevant platform operator
a direction to invest in the Fund. In doing so, clients of the
platform operator become indirect investors in the Fund. This
is because they are not unitholders in the Fund, but the
platform operator can exercise rights, or decline to exercise
rights, such as attend and vote at unitholders meetings, on
behalf of indirect investors.
Certain provisions of the Fund’s Constitution (such as
provisions relating to the rights of unitholders, applications
for units and withdrawals and meetings of unitholders) are
not relevant to indirect investors. Indirect investors should
ignore certain information in this PDS that is relevant only for
direct investors, for example:

– Applications/Withdrawals: The offer document from
your platform operator will outline the procedure for your
investment in, or withdrawal of units from, the Fund.

 

– Cooling-off period: Cooling-off rights applicable to direct
investors in the Fund do not apply to clients of the
platform operator. You should contact the platform
operator to determine what cooling-off rights you may
have.

 

– Distributions: Distributions you receive as an investor
through a platform may differ from those referred to in
this PDS.

 

– Fees and expenses: The fees and charges that may apply
may differ from those referred to in this PDS.

 

– Taxation: The taxation implications for indirect investors
depend upon the nature of the platform. If you are
uncertain as to the taxation consequences of your
investment in the Fund you should seek independent
taxation advice.

Indirect investors should also read this PDS together with any
disclosure documentation from their platform operator.
Schroders will promptly notify the relevant platform operator
that is investing in the Fund when this PDS is amended. If you
are investing through a platform operator, enquiries and
complaints relating to the Fund may be directed to Schroders
rather than the platform operator.