Fund objectives and investment policy The fund aims to provide capital growth in excess of the FTSE All Share (Gross Total Return) index (after fees have been deducted) over a 3 to 5 year period by investing in equities of UK companies. The fund is actively managed and invests at least 80% of its assets in equities of UK companies. These are companies that are incorporated, headquartered or have their principal business activities in the UK. The fund may also invest directly or indirectly in other securities (including in other asset classes), countries, regions, industries or currencies, collective investment schemes (including Schroder funds), warrants and money market instruments, and hold cash. The fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the fund more efficiently. Relevant risk as associated with this Fund are shown overleaf and should be carefully considered before making any investment. Share class performance Fund facts Cumulative Fund manager Sue Noffke ; Andy 1 month 3 months YTD 1 year 3 years 5 years 10 years performance Simpson Managed fund since 02.10.1989 ; Share class (Net) 3.3 4.1 20.5 20.5 23.6 42.9 128.5 06.05.1997 Target 3.3 4.2 19.2 19.2 22.0 43.8 118.3 Fund management Schroder Unit Trusts Comparator 3.8 7.1 22.4 22.4 24.0 44.2 130.7 company Limited Domicile United Kingdom Discrete yearly Dec 14 - Dec Dec 15 - Dec Dec 16 - Dec Dec 17 - Dec Dec 18 - Dec Fund launch date 06.05.1997 performance 15 16 17 18 19 Share class launch 06.05.1997 Share class (Net) -1.4 17.3 12.2 -8.6 20.5 date Fund base currency GBP Target 1.0 16.8 13.1 -9.5 19.2 Share class currency GBP Comparator 4.8 11.0 14.1 -11.2 22.4 Fund size (Million) GBP 418.10 Calendar year Number of holdings 38 2015 2016 2017 2018 2019 performance Target FTSE AllSh TR Share class (Net) -1.1 17.3 12.2 -8.6 20.5 Comparator IA OE UK All Companies Target 1.0 16.8 13.1 -9.5 19.2 Unit NAV GBP 4.0760 Comparator 4.8 11.0 14.1 -11.2 22.4 Dealing frequency Daily Distribution Annually Performance over 5 years (%) frequency 40.0% Fees & expenses 20.0% Ongoing charge 0.51% Purchase details 0.0% Minimum initial GBP 1M -20.0% subscription 2015 2016 2017 2018 2019 Schroder Prime UK Equity Fund I Accumulation GBP FTSE AllSh TR IA OE UK All Companies Codes ISIN GB0007870131 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 Bloomberg SCHIUAK LN investors may not get back the amounts originally invested. Exchange rate changes may SEDOL 0787013 cause the value of any overseas investments to rise or fall. Source: Morningstar, bid to bid, net income reinvested, net of fees. Ratings and accreditation Benchmarks: The fund’s performance should be assessed against its target benchmark, being to exceed the FTSE All Share (Gross Total Return) index and compared against the * ** Investment Association UK All Companies sector average return. The investment manager invests on a discretionary basis and is not limited to investing in accordance with the composition of the benchmark. Please see the Benchmark section under Important information for more details. Please note that on 05.03.2010 Schroder Prime UK Equity merged into Institutional UK Equity. On the Please refer to the Important information same date Institutional UK Equity changed its name to Schroder Prime UK Equity. section for the disclosure. Learn more about Schroders' funds visit: schroders.co.uk 1 5 year return of GBP 10,000 Synthetic risk & reward indicator (SRRI) 15,000 50.0% LOWER RISK HIGHER RISK Potentially lower reward Potentially higher reward 14,000 40.0% 13,000 30.0% 1 2 3 4 5 6 7 12,000 20.0% The risk category was calculated using historical performance data and may not be a reliable 11,000 10.0% indicator of the fund’s future risk profile. The fund’s risk category is not guaranteed to remain 10,000 0.0% fixed and may change over time. A fund in the lowest category does not mean a risk-free 9,000 -10.0% investment. The fund is in this category because it can take higher risks in search of higher 8,000 -20.0% Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 rewards and its price may rise and fall accordingly. Schroder Prime UK Equity Fund I Accumulation GBP FTSE AllSh TR IA OE UK All Companies Risk statistics & financial ratios 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 Fund Target investors may not get back the amounts originally invested. Exchange rate changes may Annual volatility (%) 9.5 9.8 cause the value of any overseas investments to rise or fall. (3y) The chart is for illustrative purposes only and does not reflect an actual return on any Alpha (%) (3y) 0.7 - investment. Returns are calculated bid to bid (which means performance does not include the effect of any Beta (3y) 1.0 - initial charges), net income reinvested, net of fees. Sharpe ratio (3y) 0.7 0.7 Risk considerations Dividend Yield (%) 3.8 - Price to book 1.9 - Counterparty risk: The counterparty to a derivative or other contractual agreement or Price to earnings 16.7 - synthetic financial product could become unable to honour its commitments to the fund, potentially creating a partial or total loss for the fund. Currency risk: The fund can be exposed to different currencies. Changes in foreign exchange Target refers to the Benchmark listed in the rates could create losses. Fund facts section and described under the Derivatives risk: A derivative may not perform as expected, and may create losses greater Share class performance section on page 1. than the cost of the derivative. Source: Morningstar. The above ratios are based Equity risk: Equity prices fluctuate daily, based on many factors including general, economic, on bid to bid price based performance data. industry or company news. These financial ratios refer to the average of the Leverage risk: The fund uses derivatives for leverage, which makes it more sensitive to equity holdings contained in the fund’s portfolio certain market or interest rate movements and may cause above-average volatility and risk of and in the benchmark (if mentioned) loss. respectively. Liquidity risk: In difficult market conditions, the fund may not be able to sell a security for full Please note this is an accumulation share class value or at all. This could affect performance and could cause the fund to defer or suspend and as such the investor will not receive an redemptions of its shares. income distribution. Any income will be Operational risk: Failures at service providers could lead to disruptions of fund operations or reinvested into the fund. losses. Learn more about Schroders' funds visit: schroders.co.uk 2 Asset allocation Sector (%) 22.1 Consumer Services 12.0 19.7 Financials 26.0 11.6 Industrials 12.0 11.3 Oil & Gas 11.8 10.7 Health Care 9.3 9.7 Consumer goods 14.0 8.8 Basic materials 7.5 4.2 Other 0.9 1.1 Telecommunications 2.4 0.7 Liquid Assets 0.0 0% 5% 10% 15% 20% 25% Fund Benchmark Top 10 holdings (%) Holding name % 1 GlaxoSmithKline PLC 6.5 2 Royal Dutch Shell PLC 6.5 3 BP PLC 4.8 4 SCHRODER INSTITUTIONAL UK SMALLER COMPANIES FUND I INCOME 4.2 5 AstraZeneca PLC 4.2 6 Lloyds Banking Group PLC 4.2 7 British American Tobacco PLC 3.8 8 Tesco PLC 3.7 9 Rio Tinto PLC 3.3 10 RELX PLC 3.2 Target refers to the Benchmark listed in the Fund facts section and described under the Share class performance section on page 1. Source: Schroders. Top holdings and asset allocation are at fund level. Share class available I Accumulation GBP I Distribution GBP Distribution Annually Annually frequency ISIN GB0007870131 GB0007870248 Bloomberg SCHIUAK LN SCHIUIK LN SEDOL 0787013 0787024 Contact information Schroder Unit Trusts Limited 1 London Wall Place London United Kingdom EC2Y 5AU Tel: 0207 658 1000 Fax: 0207 658 3827 For your security, communications may be taped or monitored. Learn more about Schroders' funds visit: schroders.co.uk 3 Important information The fund is an authorised unit trust. A Key Investor Information Document and Supplementary Information Document are available. These can be requested via our website at www.schroders.co.uk or call one of our Investor Services Team on 0800 718 777 for a printed version. For investors’ security, telephone calls to Schroder Unit Trusts Limited may be recorded. This information is not an offer, solicitation or recommendation to buy or sell any financial instrument or to adopt any investment strategy. Nothing in this material should be construed as advice or a recommendation to buy or sell. Any references to securities, sectors, regions and/or countries are for illustrative purposes only. Schroders has expressed its own views and opinions in this document and these may change. Schroders will be a data controller in respect of your personal data. For information on how Schroders might process your personal data, please view our Privacy Policy available at www.schroders.com/en/privacy-policy or on request should you not have access to this webpage.