Important Information

Emerging Market Debt

Investment Objective
Schroders' Emerging Market Debt strategy aims to achieve high, long-term absolute returns while keeping volatility to a minimum. Specifically, the strategy aims to make positive absolute returns in any 12-month period.

Key Features
Manager uses entire universe of EMD opportunities Avoids concentration in "overcrowded" emerging market countries, e.g. Brazil, Russia and Mexico Maintains a low-risk profile Can hold up to 40% in cash — invaluable in times of crisis or uncertainty in the asset class

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.