SCHRODER SECURED FINANCE Class A3-0.0500-Distributing GBP

The investment objective of the Sub-Fund is to generate dividends. The Sub-Fund aims to generate an attractive level of return from fixed income opportunities which may be liquid, complex and / or private market in nature. The Investment Manager (or its delegate, Schroder) intends to allocate capital in an attempt to distribute a stream of both income and principal payments to Shareholders over the medium to long term. The Sub-Fund will distribute income and capital as defined in the “Dividend Policy” section herein. Forecasted risk, returns, correlations, liquidity and other considerations will influence the capital allocation. The Sub-Fund will seek to achieve its objective by investing mainly in fixed income securities.