Directors
Each of the Directors is entitled to remuneration for his services at a rate determined by the Company in the general meeting from time to time. In addition, each Director may be paid reasonable expenses incurred while attending meetings of the Board of Directors or general meetings of the Company. Directors who are also directors/employees of the Management Company and/or any Schroders' company will waive their Directors' remuneration. External Directors will be remunerated for their services.
Management Company
The Directors have appointed Schroder Investment Management (Europe) S.A. as its management company to perform investment management, administration and marketing functions as described in Annex II of the Law.
The Management Company has been permitted by the Company to delegate certain administrative, distribution and management functions to specialised service providers. In that context, the Management Company has delegated certain administration functions to J.P. Morgan SE, Luxembourg Branch, HSBC Continental Europe, Luxembourg and HSBC Bank Plc, and may delegate certain marketing functions to entities which form part of the Schroders group. The Management Company has also delegated certain management functions to the Investment Managers as more fully described below.
The Management Company will monitor on a continued basis the activities of the third parties to which it has delegated functions. The agreements entered between the Management Company and the relevant third parties provide that the Management Company can give at any time further instructions to such third parties, and that it can withdraw their mandate with immediate effect if this is in the interest of the Shareholders. The Management Company's liability towards the Company is not affected by the fact that it has delegated certain functions to third parties.
The Management Company is entitled to receive the customary charges for its services as administration agent, coordinator, domiciliary agent, global distributor, principal paying agent and registrar and transfer agent. These fees accrue on each Business Day at an annual rate of up to 0.25% by reference to the Net Asset Value of the relevant Fund and are paid monthly in arrears. As these fees are a fixed percentage of the Net Asset Value of a fund it will not vary with the cost of providing the relevant services. As such the Management Company could make a profit (or loss) on the provision of those services, which will fluctuate over time on a Fund by Fund basis. These fees are subject from time to time to review by the Management Company and the Company. The Management Company is also entitled to reimbursement of all reasonable out-of-pocket expenses properly incurred in carrying out its duties. The Management Company may at its discretion part pay or pay in full any costs or expenses incurred by the Company with a view to limiting the overall costs and expenses borne by Investors in the Company, or a particular Fund or Share Class.
Schroder Investment Management (Europe) S.A. was incorporated as a "Société Anonyme" in Luxembourg on 23 August 1991 and has an issued and fully paid up share capital of EUR 12,867,092.98. Schroder Investment Management (Europe) S.A. has been authorised as a management company under chapter 15 of the Law and, as such, provides collective portfolio management services to UCIs.
The Management Company is also acting as a management company for five other Luxembourg domiciled Sociétés d'Investissement à Capital Variable: Schroder GAIA, Schroder GAIA II, Schroder Alternative Solutions, Schroder Matching Plus and Schroder Special Situations Fund.
The directors of the Management Company are:
- Graham Staples (Chairman), Head of Group Governance and Corporate Secretariat, Schroder Investment Management Limited
- Finbarr Browne, Chief Executive Officer and Conducting Officer, Schroder Investment Management (Europe) S.A.
- Peter Arnold, Chief Operating Officer, Schroders Capital Management (Switzerland) AG, Central 2, 8001 Zurich,Switzerland
- Vanessa Grueneklee, Head of Distribution and Branch Oversight and Conducting Officer, Schroder Investment Management (Europe) S.A.
- John Hennessey, Chief Operating Officer for Distribution,Schroder Investment Management Limited
- Peter Hilborne, Chief Operating Officer for Operations,Schroder Investment Management Limited
- Mike Sommer, Head of Risk EMEA and Conducting Officer, Schroder Investment Management (Europe) S.A.

Translation (ENES, 2022-06-01):
Consejeros
Cada uno de los Consejeros tiene derecho a una remuneración por sus servicios, cuyo importe fijará oportunamente la Sociedad en junta general. Asimismo, a cada Consejero se le podrán pagar los gastos razonables en que incurra al asistir a las juntas del Consejo de administración o a las juntas generales de la Sociedad. Los Consejeros de la Sociedad que sean también consejeros o empleados de la Sociedad gestora y/o de cualquier sociedad de Schroders renunciarán a su remuneración como Consejeros. Los Consejeros externos serán retribuidos por sus servicios.
Sociedad gestora
El Consejo de administración ha designado a Schroder Investment Management (Europe) S.A. como su Sociedad gestora para que lleve a cabo las funciones de comercialización, administración y gestión de las inversiones, según lo previsto en el Anexo II de la Ley.
La Sociedad gestora ha sido autorizada por la Sociedad para delegar determinadas funciones de gestión, distribución
y administración en proveedores de servicios especializados. En ese contexto, la Sociedad gestora ha delegado determinadas funciones administrativas en J.P. Morgan SE, Luxembourg Branch, HSBC Continental Europe, Luxembourg y HSBC Bank Plc y podrá delegar determinadas funciones de comercialización en entidades que forman parte del grupo Schroders. Asimismo, la Sociedad gestora ha delegado algunas funciones de gestión en las Gestoras de inversiones, tal y como se describe con más detalle a continuación.
La Sociedad gestora supervisará de manera continuada las actividades de los terceros en los que haya delegado funciones. Los acuerdos celebrados entre la Sociedad gestora y los correspondientes terceros estipulan que la Sociedad gestora podrá dar en cualquier momento nuevas instrucciones a dichos terceros y que podrá cancelar su mandato con efectos inmediatos siempre que ello redunde en interés de los Partícipes. La responsabilidad de la Sociedad gestora ante la Sociedad no queda afectada por el hecho de que haya delegado determinadas funciones en terceros.
La Sociedad gestora tiene derecho a percibir las comisiones habituales por sus servicios como agente administrativo, coordinador, agente domiciliario, distribuidor global, agente de pagos principal y agente de registro y transferencias.
Estas comisiones se devengan cada Día hábil a un tipo anual de hasta el 0,25% del Valor liquidativo del Fondo en cuestión y se pagan a mes vencido. Teniendo en cuenta que la comisión es un porcentaje fijo del Valor liquidativo de un Fondo, el coste por prestar los servicios pertinentes se mantendrá intacto. Como tal, la Sociedad gestora podría obtener un beneficio (o pérdida) por prestar tales servicios, que fluctuarán con el tiempo de Fondo a Fondo. Dichas comisiones podrán ser revisadas por la Sociedad gestora y por la Sociedad. La Sociedad gestora tiene también derecho al reembolso de todos los gastos varios razonables en que incurra debidamente en el desempeño de sus obligaciones. La Sociedad gestora podrá, a su entera discreción, pagar completa o parcialmente cualquier coste o gasto incurrido
por la Sociedad con la intención de limitar los costes y gastos totales a cargo de los Inversores de la Sociedad o de un Fondo o una Clase de Participaciones en concreto.
Schroder Investment Management (Europe) S.A. se constituyó como société anonyme en Luxemburgo el 23 de agosto de 1991 y consta de un capital social emitido y completamente desembolsado de 12.867.092,98 EUR. Schroder Investment Management (Europe) S.A. ha sido autorizada como sociedad gestora en virtud del capítulo 15 de la Ley y, como tal, ofrece servicios colectivos de gestión de carteras a distintos OIC.
La Sociedad gestora actúa también como sociedad gestora para otras cinco Sociétés d'Investissement à Capital Variable luxemburguesas: Schroder GAIA, Schroder GAIA II, Schroder Alternative Solutions, Schroder Matching Plus y Schroder Special Situations Fund.
Los consejeros de la Sociedad gestora son:
- Graham Staples (Chairman), Head of Group Governance and Corporate Secretariat, Schroder Investment Management Limited
- Finbarr Browne, Chief Executive Officer and Conducting Officer, Schroder Investment Management (Europe) S.A.
- Peter Arnold, Chief Operating Officer, Schroders Capital Management (Switzerland) AG, Central 2, 8001 Zúrich,Suiza
- Vanessa Grueneklee, Head of Distribution and Branch Oversight and Conducting Officer, Schroder Investment Management (Europe) S.A.
- John Hennessey, Chief Operating Officer for Distribution,Schroder Investment Management Limited
- Peter Hilborne, Chief Operating Officer for Operations,Schroder Investment Management Limited
- Mike Sommer, Head of Risk EMEA and Conducting Officer, Schroder Investment Management (Europe) S.A.