SALI

Schroders US Autocallable Ladder Income ETF is an actively managed exchange-traded fund seeking monthly income by obtaining exposure via unfunded total return swap agreements to the Schroders Bloomberg US Large Cap Autocallable Index, a laddered benchmark tracking a theoretical portfolio of synthetic autocallable structured notes linked to U.S. large-cap equities. The fund mitigates timing and single-note performance concentration risks by staggering multiple note entry dates and maturities while holding U.S. government debt obligations and money market instruments as swap collateral to generate targeted monthly distributions.