Fund objectives and investment policy

The fund aims to provide a positive return after fees have been deducted over a three year period by investing in equities, bonds and currencies worldwide.The equity strategy seeks to profit by taking synthetic long and positions in undervalued and overvalued stocks in the equity market. The strategy is a mix of both fundamental and technical models that seek to take advantage of changes in global asset prices.The fund invests in equities and bonds and currencies worldwide, as well as in investment funds investing in such instruments.The fund invests directly (through physical holdings) and/or indirectly (through derivatives). The fund uses derivatives extensively, long and short, with the aim of achieving investment gains, reducing risk or managing the fund more efficiently. The fund may be net long or net short when long and short positions are combined. The fund may use leverage and may hold cash. The fund may invest up to 10% of its assets in open ended investment funds. The fund may hold up to 100% of its assets in cash and investments.

Relevant risk as associated with this Fund are shown overleaf and should be carefully considered before making any investment. Above is the Investment Objective of the fund. For details on the fund’s Investment Policy please see the KIID. Past Performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested. Exchange rate changes may cause the value of any overseas investments to rise or fall. This fund is currently closed to new subscriptions. The fund may reopen in the future when the manager believes that new inflows will not affect performance. Share class performance (%) Ratings and accreditation

Cumulative 1 month 3 months YTD 1 year 3 years 5 years Since inception performance

Share class (Net) -1,0 4,3 4,5 1,1 2,7 21,0 20,5

Comparator 0,0 0,0 0,1 0,2 4,1 7,3 7,3 Please refer to the Source and ratings information section for details on the icons Discrete yearly performance - Aug Calendar year performance shown above. 2016 2017 2018 2019 2020 12 month Fund facts - - - - - 2016 2017 2018 2019 2020 performance 2017 2018 2019 2020 2021 Fund manager Geoff Duncombe (Two Sigma Advisers, LP) Share class (Net) 9,3 7,7 9,0 -6,8 1,1 - 5,9 5,7 4,3 -6,2 Managed fund since 24.08.2016 Comparator 1,1 2,0 2,6 1,3 0,2 - 1,3 2,4 2,4 0,7 Fund management Schroder Investment company Management (Europe) Performance over 5 years (%) S.A. Domicile Luxembourg 10,0% Fund launch date 24.08.2016 Share class launch date 24.08.2016 Fund base currency USD 0,0% Share class currency USD Fund size (Million) USD 879,81 Comparator ICE LIBOR 3 Month USD Share Price End of USD 120,4500 -10,0% Month 2016 2017 2018 2019 2020 Dealing frequency Weekly Schroder GAIA Two Sigma Diversified C Accumulation USD ICE LIBOR 3 Month USD Settlement timing T+3 days Distribution frequency No Distribution Monthly Returns Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year End Notice period Subscriptions: T-3 ; 2019 Redemptions: T-3 Share class (Net) -0,3 1,9 1,3 0,8 1,1 0,7 2,0 1,1 -0,5 -2,5 0,4 -1,4 4,3 Fees & expenses Comparator 0,2 0,2 0,2 0,2 0,2 0,2 0,2 0,2 0,2 0,2 0,2 0,2 2,4 Performance fee 20% (the multiplier) of 2020 the absolute outperformance over a Share class (Net) 0,9 -4,1 0,2 1,3 -0,7 -1,3 -0,4 1,1 -1,4 -1,7 -2,3 2,1 -6,2 High Water Mark Comparator 0,2 0,1 0,1 0,1 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,7 Ongoing charge 1,84% Redemption fee 0,00% 2021 Entry charge up to 1,00% Share class (Net) -4,8 -2,3 4,0 3,6 -0,0 1,7 3,6 -1,0 - - - - - Comparator 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 - - - - - Purchase details Minimum initial USD 10.000 ; EUR 10.000 subscription or their near equivalent in any other freely convertible currency.

Learn more about Schroders' funds visit: schroders.ch 1 5 year return of USD 10.000 Codes

13.000 30,0% ISIN LU1429039115 Bloomberg SCHTSIC LX 12.500 25,0% SEDOL BD0R540 Reuters code LU1429039115.LUF 12.000 20,0% Risk statistics & financial ratios 11.500 15,0%

11.000 10,0% Fund Comparator Annual volatility (%) 7,0 0,3 10.500 5,0% (3y)

10.000 0,0% (3y) 7,4 - Sharpe ratio (3y) 0,0 4,3 9.500 -5,0% Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Source: Morningstar. The above ratios are based Schroder GAIA Two Sigma Diversified C Accumulation USD ICE LIBOR 3 Month USD on bid to bid price based performance data.

The chart is for illustrative purposes only and does not reflect an actual return on any investment. Returns are calculated bid to bid (which means performance does not include the effect of any initial charges), net income reinvested, net of fees. Risk considerations

Derivatives risk – efficient portfolio management and investment purposes: A may not perform as expected, may create losses greater than the cost of the derivative and may result in losses to the fund. The fund may also materially invest in derivatives including using short selling and leverage techniques with the aim of making a return. When the value of an asset changes, the value of a derivative based on that asset may change to a much greater extent. This may result in greater losses than investing in the underlying asset. Please see the KIID and Prospectus for a full list of risk considerations applicable to this fund. Asset allocation

Source: Schroders. Top holdings and asset allocation are at fund level. Exposure Analysis (%) Sector (%)

Short Long Net Equity Long 171,1 Interest Rate -94,9 10,1 -84,8 Equity Short -131,3 Government Bonds -20,8 42,0 21,2 Bond Long 42,0 Information Technology -21,3 35,2 13,9 Health Care -14,8 37,1 22,3 Bond Short -20,8 Index -13,5 33,3 19,8 FX Long 14,0 Consumer Discretionary -24,2 19,1 -5,1 Interest Rate Long 10,1 Financials -18,6 8,2 -10,4 CDS Long 4,2 Industrials -13,2 13,1 -0,1 Europe / Middle East / Africa FX -14,7 9,9 -4,8 CDS Short -5,5 Communication Services -8,4 12,5 4,1 FX Short -24,9 Asia / Far East FX -8,7 2,6 -6,1 Interest Rate Short -94,9 CDS Index -5,5 4,2 -1,3 Fund Net Exposure -36,0 Consumer Staples -3,8 4,6 0,8 Energy -4,0 4,0 -0,0 Fund Gross Exposure 518,9 Other - - -

-100,0% -50,0% 0,0% 50,0% Short Long Net

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Short Long Net

Large Cap -102,7 132,8 30,1

Mid Cap -21,4 27,9 6,4

Small Cap -7,1 10,4 3,3

-150,0% -100,0% -50,0% 0,0% 50,0% 100,0% 150,0% Short Long Net Contact information

Schroder Investment Management (Switzerland) AG Central 2 Zurich Switzerland CH-8001 Tel: +41 (0)44 250 11 11 Fax: +41 (0)44 250 13 12

For your security, communications may be taped or monitored. Benchmark and corporate action information

Some performance differences between the fund and the benchmark may arise because the fund performance is calculated at a different valuation point from the benchmark. The fund's performance should be assessed against its target benchmark, being to provide a positive return over a three year period and compared against BBA LIBOR USD 3 Month Act 360 (or an alternative reference rate). The target benchmark has been selected because the target return of the fund is to deliver the return of that benchmark as stated in the investment objective. The comparator benchmark has been selected because the investment manager believes that the benchmark is a suitable comparison for performance purposes given the fund's investment objective and policy. The investment manager invests on a discretionary basis and is not limited to investing in accordance with the composition of a benchmark. The fund is not expected to replicate the performance of any benchmark. Source and ratings information

Source of all performance data, unless otherwise stated: Morningstar, bid to bid, net income reinvested, net of fees.

Morningstar Rating: © Morningstar 2021. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Important information

This document does not constitute an offer to anyone, or a solicitation by anyone, to subscribe for shares of Schroder GAIA (the"Company"). Nothing in this document should be construed as advice and is therefore not a recommendation to buy or sell shares. The offering of shares in certain jurisdictions may be restricted and accordingly persons are required, by the Company, to inform themselves of and observe any such restrictions. Subscriptions for shares of the Company can only be made on the basis of its latest prospectus together with the latest audited annual report (and subsequent unaudited semi-annual report, if published). The prospectus and the key investor information document(s) for Switzerland, the articles of association, the annual and semi-annual reports can be obtained, free of charge, at the offices of the Swiss representative, Schroder Investment Management (Switzerland) AG, Central 2, P.O. Box, CH-8021 Zurich (authorised and regulated by FINMA) and the Swiss paying agent, Schroder & Co. Bank AG, Central 2, P.O. Box, CH-8021 Zurich. An investment in the Company entails risks, which are fully described in the prospectus. The Company has its registered office in Luxembourg and is regulated by the Commission de Surveillance du Secteur Financier. Schroders has expressed its own views and opinions in this document and these may change. This document is issued by Schroder Investment Management (Europe) S.A., 5, rue Höhenhof, L-1736 Senningerberg, Luxembourg. Registered No. B 37.799. Third party data is owned or licensed by the data provider and may not be reproduced or extracted and used for any other purpose without the data provider's consent. Third party data is provided without any warranties of any kind. The data provider and issuer of the document shall have no liability in connection with the third party data. The Prospectus and/or www.schroders.com contains additional disclaimers which apply to the third party data.

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