● LAUNCHED Began trading September 15, 2026 — the 31st fund on our autocallable census and the first from Schroders. Payment history will be charted here from the first distribution.
Status comes from our daily sweep of new US listings plus SEC records. A green LAUNCHED badge means it's live and our launch tracker has logged it.
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What SALI Does, Per the SEC Registration
SALI is Schroders' entry into the autocallable category — the London-based global asset manager's first US autocallable ETF, listed under the Advisors Inner Circle Fund III trust. Per the registration: the fund holds a staggered ladder of synthetic autocallable structures referencing the Bloomberg Schroders US Large Cap Autocallable Index, each structure designed to generate a monthly coupon so long as the underlying reference index sits at or above a coupon barrier set at 70% of its value at that structure's initiation date. The fund intends monthly distributions. The fund intends monthly distributions and lists on NYSE Arca. Per the final prospectus (effective September 10, 2026): each structure runs 60 months from initiation, the ladder holds approximately 40 to 1,000 structures, and the fee is 0.74% management with total expenses of 0.65% after fee reductions.
Two things stand out. First, the name on the door: after Calamos pioneered the category and firms like ProShares, ARK, Pacer and now Schroders followed, the roster of issuers reads less like a niche experiment and more like an industry consensus forming — 13 issuers in under sixteen months, by our census. Second, the barrier: 70% of start means coupons survive a 30% drawdown and not more, which sits at the shallower end of the category's disclosed settings — the Pacer pair launched days earlier with barriers at 50% of start. Shallower cushion, presumably richer terms; the delivered record will say.
What Nobody Can Know Yet
SALI has paid nothing — it sits on our first-check watch, which flips automatically the day a first distribution reaches the payment record. Until then, any yield number attached to it is a target, not a track record. The barrier design is also untested inside this fund: our crash simulator shows mechanically what a 30% cushion does and doesn't protect against. We chart every payment of every fund we track from its very first one; SALI joins that library the day it declares.
One email the day a new income fund launches — nothing else, ever. We watch the issuers' own sites continuously; you hear before the videos exist.
Frequently Asked Questions
When did SALI launch?
September 15, 2026. Our net sweep of new US listings flagged it two days later and this page went up the same morning. The launch tracker shows everything else on the runway.
What does SALI pay?
Nothing yet — it's on our first-check watch. The registration intends monthly distributions; the amount becomes a fact here the day the first declaration reaches the record, and not before.
How does its barrier compare to the rest of the category?
At 70% of each position's starting value, SALI's coupon barrier gives a 30% cushion — the shallower end of the disclosed range. Typical category settings run 30-40% cushions, ARKY's positions run 40-50%, and the Pacer pair launched the same week at 50%. Shallower protection usually buys richer coupon terms; whether that trade pays is exactly what the payment record exists to show.