Important Information

Commodities

Investment Objective
Schroders' Commodities strategy aims to aims to outperform the simple average of the four major commodities indices with a lower level of volatility.

Key Features
Index-unconstrained opportunities with active management Long-only strategy; does not use leverage Equal emphasis placed on each of the three key commodity sectors: agriculture, energy and metals Investments made on a medium-term time horizon

Investment Options
Separate Accounts* and institutional-type vehicles*

*	These strategies are subject to the ability to meet investment minimums. Some strategies may be offered only in offshore, private placement and/or discretionary accounts.

Schroder Investment Management North America Inc. ("SIMNA, Inc.") is an investment advisor registered with the U.S. SEC. It provides asset management products and services to clients in the U.S. and Canada including Schroder Capital Funds (Delaware), Schroder Series Trust and Schroder Global Series Trust, investment companies registered with the SEC (the "Schroder Funds"). Shares of the Schroder Funds are distributed by Schroder Fund Advisors Inc., a member of the FINRA. SIMNA, Inc. and Schroder Fund Advisors Inc. are indirect, wholly-owned subsidiaries of Schroders plc, a UK public company with shares listed on the London Stock Exchange. Schroder Investment Management Ltd. is the UK based investment subsidiary of Schroders plc.