Important Information

Fund of Hedge Funds

Schroders has capabilities across various product offerings in the hedge fund space including long only, long-short and multi-strategy products. Schroders offers these capabilities through NewFinance Capital LLP (NFC), a wholly owned subsidiary of Schroders plc.†

†	NewFinance Capital LLP (NFC) is a 100% wholly-owned subsidiary of Schroders plc. NFC is registered as an Investment Advisor with the U.S. Securities & Exchange Commission (SEC). Not all products offered by NFC are available for US investors, investment requirements vary. For further details, please contact Dean Allen at (212) 632-2985.

	Where alternative products or hedge fund of fund products are available at all to US Investors they are available only through institutional vehicles and are not publicly offered. In addition, participation in institutional-type vehicles may require investment minimums or experience, income, asset or liquid securities holding pre-qualifications.

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.