SRRI (Synthetic Risk and Reward Indicator)

The SRRI (Synthetic Risk and Reward Indicator) is an indicator assigned to each UCITS (SICAV or FCP) to assess its overall risk and return profile, presented in the form of a numerical scale ranging from 1 for the lowest risk to 7 for the highest risk, noting that the lowest risk category (level 1) does not mean "risk-free." The SRRI is provided in the KIID (Key Investor Information Document) governed by Directive 2009/65/EC known as "UCITS."

Following the entry into force of the PRIIPs regulation, as of January 1, 2023, the format of key information documents has evolved: the KIID is replaced by the new PRIIPs KID and the SRRI is replaced by the synthetic risk indicator (SRI), which combines market risk and credit risk.