---
title: "SRI (summary risk indicator, PRIIPs)"
description: "The SRI is the 1–7 summary risk indicator shown in a PRIIPs KID; it combines a market risk measure with a credit risk measure and replaced the SRRI for EU UCITS in 2023."
canonical: https://fundfactsapi.com/glossary/sri
published: 2026-09-04
updated: 2026-09-04
publisher: FundFacts API
---

# SRI (summary risk indicator, PRIIPs) (Summary risk indicator, PRIIPs risk indicator, Risk class)

> The SRI is the 1–7 summary risk indicator shown in a PRIIPs KID; it combines a market risk measure with a credit risk measure and replaced the SRRI for EU UCITS in 2023.

The **summary risk indicator (SRI)** is the risk score on a scale of 1 (lowest) to 7 (highest) displayed in a [PRIIPs](https://fundfactsapi.com/glossary/priips) [KID](https://fundfactsapi.com/glossary/kid). It combines two components: a **market risk measure (MRM)**, derived from the volatility of the product's returns over its recommended holding period, and a **credit risk measure (CRM)**, which reflects the risk that the issuer or obligor cannot pay. The two are combined in a regulatory matrix to give the final class.

For most UCITS funds the credit risk component is minimal because the fund's assets are ring-fenced, so the MRM dominates. The volatility thresholds behind the MRM are not the same as the [SRRI](https://fundfactsapi.com/glossary/srri) buckets, which is why many funds moved category when they switched from KIID to KID.

## Why it matters

The SRI is the risk number an EU retail investor now sees, and it is what suitability and appropriateness checks under [MiFID II](https://fundfactsapi.com/glossary/mifid-ii) usually reference. Anyone storing risk scores from documents published across the 2022–2023 transition needs to know which methodology each score comes from; mixing SRI and SRRI values in one column silently corrupts comparisons.

## In the API

The current published risk class is returned as `riskRating`, with a descriptive band.

```json
{
  "riskRating": 4,
  "profile": {
    "riskBand": "medium",
    "kind": "index-tracking equity ETF"
  }
}
```

Example values. For a fund whose current document is a PRIIPs KID, this is the SRI; for a UK UCITS KIID it is the SRRI.

## Common pitfalls

- The SRI does not measure liquidity risk or currency risk directly; the KID adds warnings for those in text.
- A fund's SRI can change at each KID update. Store the document date with the score.

## In the FundFacts API payload

- `riskRating`
- `profile.riskBand`

## About FundFacts API

FundFacts turns any fund or ETF ISIN into one dated factsheet (fees and KID costs, the 1–7 risk indicator, holdings, sector and country exposure, returns) read from the fund house's own documents: as a client-ready PDF under your firm's name for advisers and wealth managers, as JSON through its API for developers, or inside ChatGPT and Claude through its MCP server.

FundFacts works inside ChatGPT and Claude as a connector (a remote MCP server): ask about any fund or ETF by ISIN, ticker or name and the assistant answers from FundFacts' dated figures, fees, risk, holdings, exposure and returns, with fund cards, side-by-side comparisons, holdings overlap and portfolio look-through.

- Free API key, no card: https://fundfactsapi.com/signup
- Documentation: https://fundfactsapi.com/docs (OpenAPI: https://fundfactsapi.com/openapi.json)
- MCP server: https://fundfactsapi.com/api/mcp (set-up for every client: https://fundfactsapi.com/mcp-server)
- Pricing: https://fundfactsapi.com/pricing
- Site index for AI assistants: https://fundfactsapi.com/llms.txt
- Informational data, not investment advice.