Fund database › Private Credit
Schroders CapitalLU3195120475Class A Acc EUR
The defensive credit product of the Schroders platform blends high yield, syndicated loans and private direct lending into a diversified income portfolio — as an ELTIF 2.0, launched in 2025, accumulating, with the lowest risk rating among the credit funds covered here.
Daily subscription; monthly redemption with roughly one month's notice; the limit per monthly dealing date is tightly set and partly measured against the liquid assets. In the first year from fund launch redemptions were excluded; there is no investor-level holding period.
Subscription from EUR 10,000 for retail and professional investors, recommended holding period five years; registered in roughly twenty countries, including Germany.
The entry-level profile among the credit ELTIFs: deliberately defensive in its blend, without a performance fee, with a tight but frequent redemption window — designed as a first step into a private-markets allocation, not as a return maximiser.
Figures for class A Acc EUR (LU3195120475) · product data 25 Sep 2026 · sources: prospectus (as at Jul 2026), PRIIPs-KID — full list under 08 documents.
Since the data series began in Dec 2025, the unit price has gained 1.7% (cumulative, 0.7 years). The series is still short; valuations of private holdings arrive quarterly and smoothed.
17 monthly values, 6 derived from monthly returns · Source: secondary source (data portal), price feed / provider document, Bloomberg · Returns calculated by semiliquid.info from the NAV series, not an official provider figure. Taxes and dealing costs of reinvestment are not considered. Past performance is not a reliable indicator of future results.
What the prospectus permits: Private Debt Diversified
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
The five largest holdings account for 11.1% of the fund. 28.6% is held in the liquidity reserve — enough for 14 months of maximum redemptions.
How the reserve is invested: Global Aircraft Leasing Co. Limited 0.9% · House of HR Group B.V. 0.9% · Kane Bidco Limited 0.9% · 7 more 5.3%. It covers 14 months of the maximum net redemption (at most 24% per year under the gate) — what that means for redemptions is in 06.
Focus according to fund documents: Diversified, no sector breakdown 100%
Among the ten largest: 10 loans.
Motor Fuel Group (MFG) is the largest independent forecourt and convenience store operator in the UK and is building a growing network of rapid charging stations for electric vehicles.
Boots is the UK's largest pharmacy and health and beauty chain, headquartered in Nottingham, offering medicines, health and beauty products and pharmacy services.
ATG Entertainment, formerly Ambassador Theatre Group, is one of the world's largest operators of live theaters and ticketing platforms …
OCS is a UK facility management provider offering cleaning, security, catering and technical services, with operations in the United Kingdom, Ireland and other international markets.
Wm Morrison Supermarkets is one of the four large UK supermarket chains, headquartered in Bradford, with around 500 supermarkets and its own food manufacturing.
ZPG, now operating as Houseful, runs the UK property portal Zoopla as well as software and data solutions for estate agents and the property industry.
Corialis is a Belgian manufacturer of aluminum profile systems for windows, doors, sliding systems and facades …
Positions and shares according to the provider; short descriptions by semiliquid.info from public sources; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
With ongoing costs of 2.12%, class A Acc EUR is above the median of the asset class (2.05%). There is no performance fee.
For 10,000 EUR this means roughly 212 EUR per year; the cheapest class with a cost figure is I Acc EUR (0.15%, from 5,000,000 EUR).
For 10,000 EUR, a one-off up to 300 EUR on purchase.
Based on the PRIIPs key information document of class A Acc EUR, hence comparable across providers. Median: 32 Private Credit funds in this database, data run 16 Oct 2026.
Units can be subscribed daily. The price is the NAV on the valuation day — it is not known when the order is placed and is published only 1 business day later.
different cut-off times possible for individual distribution partners, but must always be …
Price = NAV per share on this day.
Calculation Day every business day, the NAV is calculated for the preceding business day …
after NAV publication: 3 business days after Valuation day
An order placed today is invested in — days (—); the money is due on —. Miss the cut-off and you move to the next dealing day: cut-off —, invested from —.
| Frequency | daily |
|---|---|
| Procedure | fully paid-in |
| Valuation day | every bank business day |
| Cut-off | 15 business days before Valuation day · 13:00 Luxembourg · (before the anchor date) |
| Price | valuation day |
| NAV publication | Calculation Day every business day, the NAV is calculated for the preceding business day and is usually available 1 business day after the Dealing Day |
| Payment | after NAV publication: 3 business days after Valuation day |
| Minimum investment | EUR 10,000 |
| Entry charge (max.) | 0% (distributor) |
| Subscription limit | Closure to new subscriptions possible; Capacity Restricted Dealing with EOI waiting list (section 2.5) |
| Revocation | irrevocable from placement of the order; revocation in the event of a suspension or deferral and during the cooling-off period |
| Business day | no location reference: weekday except New Year's Day, Good Friday, Easter Monday, 24./25./26.12. (p. 8) |
Dates calculated from the prospectus rules (bank holidays: LU); only the transfer agent’s confirmation is binding. Data as at 25 Sep 2026 · Documents: 08.
Units can be redeemed monthly — with a volume limit (Gate), lock-up 12 months. How quickly the money arrives and what happens if many want out at once is set out below.
Minimum holding period 12 months from launch of the fund (fund-related, not per investor).
Price = NAV per share on this day.
the lower of 9.1% of the UCITS-eligible assets and 2% of NAV, applied to the sum of the UCITS-eligible …
at the latest 30 business days after NAV publication (—)
A request made today is paid out on — — — days.
Shown without a date because the prospectus does not quantify: cut-off. The remaining markers are calculated from the prospectus rules.
Money typically within half a year — on average 121 days from decision to cash.
Rank 16 of 112 · rank 6 of 31 in Private Credit · 2 months lock-up · no fixed redemption fee
Money typically within a quarter — on average 60 days from decision to cash.
2 months lock-up — expired for existing holdings · no fixed redemption fee
Confidence high — prospectus complete, dates calculated, no assumptions in the value · prospectus as at 15 Jul 2026 · score run 16 Oct 2026 · How 121 days become 44 pointsThe score measures how quickly and reliably you can get your money out according to the prospectus — not whether the fund is good.
| Character | redemption right |
|---|---|
| Frequency | monthly |
| Valuation day | last business day of the month |
| Notice | 13:00 Luxembourg · (counted from month-end) |
| Price | valuation day |
| Payout | 9 business days after NAV publication (latest 30 business days) |
| Gate | 2% net of NAV on the redemption day per month; Redemption Cap = the lower of 9.1% of the UCITS-eligible assets and 2% of NAV. |
| Scaled-back portion | carried forward automatically to the next dealing day |
| Redemption fee (max.) | 0% |
| Lock-up | fund-level, 12 months (fund launch) |
| Suspension | Exchange closed or trading restricted; prices cannot be determined; suspension at target fund level |
| Liquidity tools | Redemption Cap under Art. 18 of the ELTIF Regulation with pro-rata scale-back and carry-forward; minimum holding period 12 months; swing pricing up to 2%. |
| Switch / transfer | Registered units, holding and transfer via clearing systems possible; individual classes may be listed on the Luxembourg Stock Exchange. |
| Compulsory redemption | Compulsory redemption of all units after the End of Life; falling below the minimum holding is deemed an instruction to redeem the entire holding |
the lower of 9.1% of the UCITS-eligible assets and 2% of NAV, applied to the sum of the UCITS-eligible assets and the cash flows projected over twelve months (net per month)
The gate is the lower of 9.1% of the UCITS-eligible assets and 2% of NAV (redemption cap under Art. 18(2) of the ELTIF Regulation). It is applied to the sum of (i) the UCITS-eligible assets and (ii) the cash flows projected over twelve months and limits the NET redemptions of a month. Amounts in excess are scaled back pro rata and deferred to the next redemption date.
Dates calculated from the prospectus rules (bank holidays: LU); only the transfer agent’s confirmation is binding. Data as at 25 Sep 2026 · Documents: 08.
12 classes. All cost and risk figures on this page refer to the basis class A Acc EUR; the cheapest class with a cost figure is I Acc EUR (0.15%, from 5,000,000 EUR).
PRIIPs KID ✓: a key information document exists and is the source of the costs. —: no KID documented — the class is distributed outside the EEA or to investors not covered by the KID requirement, or the document is not available. The risk indicator differs by class (2 to 3); the key figures show the value of the basis class.
Who is behind the fund, where it may be distributed — and which documents were evaluated.
| Document | As at | Used for |
|---|---|---|
| Key information document (PRIIPs KID) | 9 Dec 2025 | — |
| Prospectus | 1 Dec 2025 | — |
| NAV series secondary source (data portal), price feed / provider document, Bloomberg | 31 Aug 2026 | Performance (01) |
| Positions and reserve | 31 Dec 2025 | Portfolio (03) |
All figures are taken from provider documents (product data as at 16 Oct 2026, distribution data as at 5 Oct 2026) and have not been conclusively verified.
Redemption monthly, with 2% gate per month. Subscribing today, it takes on average 121 days from decision to cash under the prospectus deadlines; a gate is not factored in.
Ongoing costs of 2.12% p.a. according to the PRIIPs KID for class A Acc EUR; the median of the Private Credit funds in this database is 2.05%; no performance fee.
10,000 EUR in class A Acc EUR.
Yes. According to our evidence, the fund is open to retail investors in Germany (as at 5 Oct 2026). The Access check shows the details.
As at 16 Oct 2026, no redemption restriction is documented for the Schroders Capital Semi-Liquid High Income Credit. Under the prospectus a gate of 2% per month applies.
Same asset class, similar sub-strategy.
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Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.