The Schroder International Selection Fund (ISF) QEP Global Absolute is a global equity market neutral fund aiming to deliver uncorrelated absolute returns over the longer term. The fund's long exposure focuses on companies that have certain Value and/or Quality characteristics. The fund's short exposure focuses on companies with poor Value and/or Quality characteristics. The fund aims to deliver an absolute return of 3% to 5% p.a. gross of fees in excess of LIBOR over a full market cycle.