# Risk considerations	Synthetic risk & reward indicator (SRRI)
Counterparty risk / Money market & deposit: The fund may lose value if a deposit institution or the issuer of a money market instrument goes out of business.
Credit risk: A decline in the financial health of an issuer could cause the value of its bonds to
LOWER RISK
Potentially lower reward
HIGHER RISK
Potentially higher reward
fall or become worthless.
Currency risk: The fund may lose value as a result of movements in foreign exchange rates. Derivatives risk – efficient portfolio management and investment purposes: A derivative may not perform as expected, may create losses greater than the cost of the derivative and may result in losses to the fund. The fund may also materially invest in derivatives including using short selling and leverage techniques with the aim of making a return. When the value of an asset changes, the value of a derivative based on that asset may change to a much greater extent. This may result in greater losses than investing in the underlying asset.
Emerging Markets & Frontier risk: Emerging markets, and especially frontier markets, generally carry greater political, legal, counterparty, operational and liquidity risk than developed markets.
High yield bond risk: High yield bonds (normally lower rated or unrated) generally carry
greater market, credit and liquidity risk.
Liquidity risk: In difficult market conditions, the fund may not be able to sell a security for full value or at all. This could affect performance and could cause the fund to defer or suspend redemptions of its shares.
Operational risk: Operational processes, including those related to the safekeeping of assets,
may fail. This may result in losses to the fund.
Performance risk: Investment objectives express an intended result but there is no guarantee that such a result will be achieved. Depending on market conditions and the macro economic environment, investment objectives may become more difficult to achieve.
IBOR: The transition of the financial markets away from the use of interbank offered rates
(IBORs) to alternative reference rates may impact the valuation of certain holdings and disrupt liquidity in certain instruments. This may impact the investment performance of the fund.
Sustainability Risk Factor: The fund has environmental and/or social characteristics. This
means it may have limited exposure to some companies, industries or sectors and may forego certain investment opportunities, or dispose of certain holdings, that do not align with its sustainability criteria. Therefore, the fund may underperform other funds that do not apply similar criteria. The fund may invest in companies that do not reflect the beliefs and values of any particular investor.

Translation (ENDE, 2021-09-30):
# Synthetischer Risiko-Rendite-Indikator (SRRI)
Nachhaltigkeitskriterien entsprechen, nicht nutzt. Der Fonds kann daher im Vergleich zu anderen Fonds, die keine solchen Kriterien anwenden, eine Underperformance aufweisen. Der Fonds kann in Unternehmen investieren, die nicht die Überzeugungen und Werte eines

### GERINGERES RISIKO
Potenziell niedrigere Erträge

### HÖHERES RISIKO
Potenziell höhere Erträge
bestimmten Anlegers widerspiegeln.
Fachbegriffe werden im Glossar erläutert
Eine ausführlichere Erläuterung dieser Begriffe finden Sie auf unserer Homepage unter https://www.schroders.com/de/de/privatanleger/tools/glossar/