Fund databasePrivate Credit

Schroders Capital Semi-Liquid High Income Credit

Schroders Capital · LU3195120475

ELTIF 2.0 Private Credit Luxembourg Article 8 12 share classes ↓

NAV · 25 Aug 2026101.95 EUR
Fund currencyEUR
Income treatmentaccumulating
Performance since Dec 2025+1.6%Class A Acc EUR
Ongoing costs2.02% p.a.
Min. investment
Redemptionmonthly
Risk (SRI)2 / 7

01Performance

Unit price (NAV) in EUR · share class A Acc EUR · 16 data points

101.95 EURNAV as at 25 Aug 2026
98.199.3100.5101.7Dec 2025Feb 2026Apr 2026Jun 2026Aug 2026
Source: Provider documents (factsheet / monthly report) 6 of 16 values derived (back-calculated from monthly returns)
YTD+1.9%
since Dec 2025+1.6%

Returns calculated by semiliquid.info from the NAV series, not an official provider figure. Taxes and the trading costs of reinvestment are not taken into account. Past performance is not a reliable indicator of future results.

Provider figures

These come from the factsheet, the PRIIPs KID or the monthly report. They may relate to a different reference date, a different share class or a longer period than the series above — the series starts with the first documented unit price, not necessarily with the launch. That is why the values sometimes differ.

Target return per the provider: No return target. Comparison benchmark (for comparison purposes only): 3-month Euribor deposit rate. PRIIPs scenarios class A EUR: after 5 years stress -2.6 % p.a., unfavourable +0.3 % p.a., moderate +2.4 % p.a., favourable +5.1 % p.a.; after 1 year moderate +0.6 %

Source: KID_LU3195120475_A-Acc-EUR_2025-12-09.pdf

Provider figure or KID scenario — not a forecast by semiliquid.info. Target returns are not guaranteed.

02Strategy & portfolio

What the fund does and how the portfolio is put together.

Launch year2025
Fund sizeEUR 50mas at 31 Dec 2025
CurrencyEUR
Income treatmentaccumulating
SFDRArticle 8
Recommended holding5 yrs
Liquidity buffer20.00%
Leverage limit10.00%

Risk indicator 2 of 7 from the key information document (1 = low, 7 = high); it captures liquidity risks only to a limited extent.

Portfolio breakdown

Broken down using semiliquid’s common taxonomy — provider labels are mapped onto shared categories so that funds can be compared. Only published figures are used; nothing is estimated.

Sector breakdown

Approximation (qualitative)% of NAVas at 21 Aug 2026

Diversified, no sector breakdownThe provider reports the portfolio as a single position — no finer breakdown is published.
Source: Fondsdokumente des Anbieters (KID/Prospekt/Präsentation), qualitative Angabe ohne Prozentwerte — Belegzitate in den Spalten 'Text: Sektorfokus' und 'Text: Regionenfokus'

Geographic breakdown

Actual portfolio% of fund assetsas at 31 Dec 2025

Europe79.7%
North America12.3%
Middle East & Africa0.6%
Other / unallocated4.1%
Cash & cash equivalents3.3%
Show individual values
United Kingdom27.9%
United States11.9%
France10.8%
Germany10.4%
Netherlands10.0%
Spain5.7%
Luxembourg3.7%
Sweden2.8%
Norway2.0%
Finland2.0%
+ 8 more
Belgium2.0%
Ireland1.5%
Israel0.6%
Italy0.5%
Mexico0.4%
Austria0.4%
Other / unallocated4.1%
Cash & cash equivalents3.3%
Source: Schroders Capital Semi-Liquid — 'Audited Annual Report 31 December 2025', Portfolio of Investments, S. 48-50 · Document

Strategy

Private debt diversified

03Costs

The basis is the PRIIPs KID of the share class we track — which makes it comparable across providers.

Management fee1.50%
Total ongoing costs2.02%
Entry charge max.3.00%
Redemption fee0.00%
Performance fee0.00%
Hurdle rate0.00%
High-water marknot documented

In context: ongoing costs

This fund
2.02%
Median Private Credit
2.19%

Median across 23 funds in this asset class in our database, based on the PRIIPs KID. No statement about quality — cost structures differ depending on the strategy and on target-fund layers.

How the performance fee works

Not applicable — no performance fee at fund level and consequently neither hurdle, catch-up, high-water mark nor crystallisation
Source: KID_LU3195120475_A-Acc-EUR_2025-12-09.pdf

Costs per the key information document

Class A Acc EUR (LU3195120475), KID as at 9 Dec 2025, investment example EUR 10,000: management fees and other administrative/operating costs 2.02 % p.a. (EUR 202); transaction costs 0.10 % p.a. (EUR 10); performance fees EUR 0 (none). Total costs: EUR 517 on exit after 1 year, EUR 1,664 on exit after 5 years. ANNUAL COST IMPACT (reduction in yield): 5.2 % in year 1, 2.9 % p.a. over the recommended holding period of 5 years (return 5.3 % p.a. before costs, 2.4 % p.a. after costs)
Source: KID_LU3195120475_A-Acc-EUR_2025-12-09.pdf, section 'What are the costs?'

04Subscription & entry

How you get into the fund, and on what terms.

Subscriptiondaily
Minimum investmentnot documented
Entry chargeup to 3.00%
Rec. holding period5 years

Subscription per the document

DAILY — 'Subscriptions are possible daily. The dealing cut-off for subscriptions is 13:00 Luxembourg time, 15 business days before each dealing day.'

Source: KID_LU3195120475_A-Acc-EUR_2025-12-09.pdf, Dealing frequency

05Redemption & liquidity

Semi-liquid means redemption only on fixed dates, with notice periods and upper limits. This is how it works for this fund — in the order the redemption process runs.

Units can be redeemed monthly; notice must be given 30 days before the date; on each date the fund redeems at most 2 % of fund assets; for the first 12 months after subscription no redemption is possible.

1 · Lock-up12 months from subscription
2 · Notice period30 days before the date
3 · Redemption datemonthly
4 · Gatemax. 2 % per date
5 · Payoutnot documented

The gate caps redemptions at 2 % of fund assets per date. If more investors want out at the same time, orders are scaled back pro rata or deferred to the next date.

Redemption per the document

MONTHLY — 'Units in the fund may be redeemed on the last business day of each calendar month.'

Source: KID_LU3195120475_A-Acc-EUR_2025-12-09.pdf, Dealing frequency

Gate per the document

'Net redemptions on a dealing day are limited to 9.1 % of the assets eligible for UCITS or 2 % of the fund's net asset value, whichever is the lower. If redemption requests exceed this limit, they will be processed pro rata.'

Source: KID_LU3195120475_A-Acc-EUR_2025-12-09.pdf, Dealing frequency

Notice period

Redemption: dealing cut-off 13:00 Luxembourg time on the last business day of the calendar month BEFORE a dealing day (effectively around 1 month's lead time). Subscription: 13:00 Luxembourg time, 15 business days before each dealing day

Source: KID_LU3195120475_A-Acc-EUR_2025-12-09.pdf

Lock-up

Fund level: 'Units may only be redeemed from 12 months after the fund was established.' No investor-specific minimum holding period, no exit fee. Umbrella cooling-off period: 14 calendar days from acceptance of the initial subscription (prospectus)

Source: KID_LU3195120475_A-Acc-EUR_2025-12-09.pdf; Prospekt_LU3195120475_2025-12-01.pdf (Definitions 'Cooling Off Period')

Liquidity score: 3.8 of 5

Redemption frequency
5 / 5 · 40 %
Gate / redemption cap
1 / 5 · 25 %
Notice period
4 / 5 · 20 %
Redemption fee
5 / 5 · 15 %

The score measures only the contractual redemption mechanics (the higher, the more flexible) — not whether the fund actually stays liquid under stress. Weightings in per cent.

06Share classes

12 classes known. All cost and risk figures on this page apply to LU3195120475.

ISINStatusMin. investmentOngoing costsSRI
LU3195120475basis of this pageEUR 10,0002.02%2/7
LU3195120632documentedEUR 10,0002.02%2/7
LU3195121101documentedEUR 10,0001.22%2/7
+ 9 more share classes
ISINStatusMin. investmentOngoing costsSRI
LU3195121283documentedEUR 10,0001.22%2/7
LU3195121366documentedEUR 10,0001.02%2/7
LU3195121440documentedEUR 5m0.25%2/7
LU3195121523documentedEUR 5m0.75%2/7
LU3195120715documentedEUR 10,0002.47%2/7
LU3195120806documentedEUR 10,0002.47%2/7
LU3247530952documentedEUR 10,0001.01%2/7
LU3247531257documentedEUR 5m0.74%2/7
LU3195121952documentedCHF 10,0001.05%3/7
Note on the classes
12 classes, including A1 accumulating and distributing, E distributing, IE distributing and E CHF-hedged. The main class is A Acc EUR; the base currency is EUR according to the annual report. The sub-fund launched on 2 Dec 2025, with the classes following on 9 Dec 2025. The NAV stated in the annual report is 100.02 as at 31 Dec 2025.

07Fund details & verification

Who stands behind the fund, who it is authorised for — and what the figures rest on.

AIFM / management company

Schroder Investment Management (Europe) S.A., 5, rue Höhenhof, L-1736 Senningerberg, Luxembourg; authorised and regulated by the CSSF

Source: KID_LU3195120475_A-Acc-EUR_2025-12-09.pdf

Depositary

Brown Brothers Harriman (Luxembourg) S.C.A

Source: KID_LU3195120475_A-Acc-EUR_2025-12-09.pdf; identical Prospekt_LU3195120475_2025-12-01.pdf (Definitions)

Launch date

Sub-fund launch 2 Dec 2025 (AR directors' report); first 9 classes launched 9 Dec 2025. HK NAV starting point 100.02 as at 31 Dec 2025 (AR, audited).

Source: KID_LU3195120475_A-Acc-EUR_2025-12-09.pdf

Eligible investors

'The fund is intended for professional investors and retail investors.' Investors with sufficient risk tolerance for sub-investment-grade bonds, leveraged loans and direct corporate loans

Source: KID_LU3195120475_A-Acc-EUR_2025-12-09.pdf

Fee layers / double charging

A target-fund/double-charging layer is possible but not documented: Schroders Capital typically implements high income credit strategies via a combination of direct investments and in-house target strategies. Manager: Schroder Investment Management (Europe) S.A.

All figures come from our analysis of provider documents (product data as at 19 Aug 2026, distribution data as at 12 Aug 2026) and have not been conclusively verified.

Similar funds

Same asset class, sorted by overlap of sub-strategy — no recommendation, no ranking.

Important information. semiliquid.info does not provide investment advice and makes no recommendation to buy, sell or hold fund units — no ranking, no offer, no invitation to subscribe. Only the prospectus and the key information document (PRIIPs KID) of the respective fund are authoritative. We give no warranty for the accuracy, completeness or currency of the information. Semi-liquid funds invest in illiquid assets: redemptions are possible only to a limited extent and can be capped, deferred or suspended; there is a risk of total loss. Past performance is not a reliable indicator of future results. Read the prospectus and the key information document before making an investment decision and seek professional advice where appropriate.