Schroder International Selection Fund Global High Yield A Distribution USD MV/  LU0205194797  /

The fund aims to provide income and capital growth in excess of the Bloomberg Global HYxCMBSxEMG Index USD Hedged 2% cap after fees have been deducted over a three to five year period by investing in below investment grade bonds issued worldwide. The fund is actively managed and invests at least two-thirds of its assets in bonds that have a below investment grade credit rating (as measured by Standard & Poor's or any equivalent grade of other credit rating agencies). The bonds may be denominated in various currencies and issued by governments, government agencies, supra-nationals and companies worldwide. The fund may invest up to 10% of its assets in contingent convertible bonds. The fund may also invest up to one-third of its assets directly or indirectly in other securities (including other asset classes), countries, regions, industries or currencies, investment funds, warrants and money market investments, and hold cash (subject to the restrictions provided in the prospectus). This share class pays a quarterly distribution at a variable rate based on gross investment income. The fund may use leverage and take short positions. The fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the fund more efficiently. The fund is valued with reference to the net asset value of the underlying assets.

The fund aims to provide income and capital growth in excess of the Bloomberg Global HYxCMBSxEMG Index USD Hedged 2% cap after fees have been deducted over a three to five year period by investing in below investment grade bonds issued worldwide.