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Changes to Management Fee Structure

We are pleased to announce changes to the Schroder UK Real Estate Fund’s and Schroder UK Real Estate Fund Feeder Trust’s (collectively, “SREF” or “the Fund”) management fee structure to provide investors with the potential for economies of scale.  The changes will take effect no later than the end of Q2 2021. SREF’s fee structure is currently a universal rate of 0.70% per annum on Net Asset Value (“NAV”). From June 2021, the Fund will adopt a tiered fee structure, offering incremental discounts on investors’ NAV above threshold amounts. Investors’ overall fee rate will reflect the weighted average of charges based on the amount of capital in each tier. No further action is required by investors at this stage and Schroders will bear the costs of implementing these changes for our investors.

Please refer to the full announcement here for full details.

Schroder Real Estate Fund

An introduction to (SREF) Schroder Real Estate Fund

CHANGE OF FUND REGISTRAR

Priced on a monthly basis.

SREF’s valuation point is 8am on the first business day of each calendar month. The share price is based on real estate and other asset valuations as at the last business day of the immediately preceding month.

Yield % for all share classes reflects the income of the Fund distributable to investors gross of tax and net of all expenses and liabilities (actual, estimated or contingent). Unitholders in Schroder UK Real Estate Fund Feeder Trust and Schroder UK Real Estate Fund (net) share class will receive their distributions net of tax.

For all fund servicing queries including valuations, dividend/distribution information, performance and audit requests please contact Northern Trust Global Services Ltd on +44 (0) 333 3000 364.