Fund objectives and investment policy The fund aims to provide capital growth in excess of the MSCI Europe (Net TR) Index after fees have been deducted over a three to five year period by investing in equities of European companies. 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. Share class performance (%) Ratings and accreditation Cumulative 1 month 3 months YTD 1 year 3 years 5 years 10 years performance Share class (Net) 2.5 0.7 21.1 40.4 5.8 17.8 95.8 Target 2.0 5.6 19.8 30.9 30.2 52.7 149.7 Please refer to the Source and ratings Comparator 1 1.8 2.3 17.1 30.4 11.1 30.2 96.8 information section for details on the icons Comparator 2 2.4 5.7 19.7 33.3 27.3 51.5 161.2 shown above. Fund facts Discrete yearly performance - Aug Calendar year performance Fund manager Andrew Evans 2016 2017 2018 2019 2020 12 month Andrew Lyddon - - - - - 2016 2017 2018 2019 2020 performance Managed fund since 30.04.2016 ; 30.04.2016 2017 2018 2019 2020 2021 Fund management Schroder Investment Share class (Net) 13.5 -1.9 -6.7 -19.2 40.4 6.3 5.2 -13.8 17.4 -17.8 company Management (Europe) S.A. Target 11.9 4.9 2.4 -2.9 30.9 2.6 10.2 -10.6 26.0 -3.3 Domicile Luxembourg Comparator 1 15.5 1.4 -3.0 -12.1 30.4 7.4 8.3 -11.6 19.6 -12.9 Fund launch date 31.01.2003 Share class launch date 31.01.2003 Comparator 2 13.1 5.3 -6.0 1.6 33.3 1.2 13.5 -15.7 23.3 3.0 Fund base currency EUR Performance over 5 years (%) Share class currency EUR Fund size (Million) EUR 315.66 50.0% Number of holdings 53 Target MSCI Europe NR Comparator 1 MSCI Europe Value NR 0.0% EUR Comparator 2 Europe Flex-Cap Equity -50.0% Unit NAV EUR 61.6822 2016 2017 2018 2019 2020 Dealing frequency Daily Schroder International Selection Fund European Value B Accumulation EUR Distribution frequency No Distribution MSCI Europe NR MSCI Europe Value NR EUR Europe Flex-Cap Equity Fees & expenses Performance fee 0.00% Performance fee 15% of the Fund's calculation outperformance of MSCI methodology Europe Index, subject to high water mark. Ongoing charge 2.45% Redemption fee 0.00% Purchase details Minimum initial EUR 1,000 ; USD 1,000 or subscription their near equivalent in any other freely convertible currency. Codes ISIN LU0161305593 Bloomberg SISEEBA LX SEDOL 7536188 Reuters code LU0161305593.LUF Learn more about Schroders' funds visit: schroders.co.uk 1 5 year return of EUR 10,000 Synthetic risk & reward indicator (SRRI) 16,000 60.0% LOWER RISK HIGHER RISK Potentially lower reward Potentially higher reward 14,000 40.0% 1 2 3 4 5 6 7 12,000 20.0% The risk category was calculated using historical 10,000 0.0% performance data and may not be a reliable indicator of the fund’s future risk profile. The fund’s risk category is not guaranteed to remain 8,000 -20.0% fixed. Please see the Key Investor Information Document for more information. 6,000 -40.0% Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Risk statistics & financial ratios Schroder International Selection Fund European Value B Accumulation EUR MSCI Europe NR MSCI Europe Value NR EUR Fund Target Europe Flex-Cap Equity Annual volatility (%) 26.1 16.8 (3y) The chart is for illustrative purposes only and does not reflect an actual return on any Alpha (%) (3y) -9.7 - investment. Returns are calculated bid to bid (which means performance does not include the effect of any Beta (3y) 1.4 - initial charges), net income reinvested, net of fees. Sharpe ratio (3y) 0.2 0.6 Risk considerations Information ratio -0.6 - (3y) Performance risk: Investment objectives express an intended result but there is no Dividend Yield (%) 3.1 - guarantee that such a result will be achieved. Depending on market conditions and the macro Price to book 1.0 - economic environment, investment objectives may become more difficult to achieve. Please see the KIID and Prospectus for a full list of risk considerations applicable to this Price to earnings 10.8 - fund. Predicted Tracking 7.1 - error (%) Source: Morningstar, and Schroders for the Predicted tracking error. The above ratios are based on bid to bid price based performance data. For help in understanding any terms used, please visit https://www.Schroders.com/en/glossary/ These financial ratios refer to the average of the equity holdings contained in the fund’s portfolio and in the benchmark (if mentioned) respectively. Asset allocation Source: Schroders. Top holdings and asset allocation are at fund level. Sector (%) Geographical Breakdown (%) 30.5 24.9 United Kingdom Financials 15.5 18.1 19.0 14.5 France 16.2 Communication Services 3.8 12.8 Germany 12.5 14.0 Energy 4.1 6.3 Italy 9.8 3.1 Consumer Staples 5.7 12.4 Liquid Assets 0.0 9.2 Materials 3.9 8.2 Luxembourg 0.4 7.0 3.7 Health Care Netherlands 14.6 8.2 3.3 6.1 Russian Federation Consumer Discretionary 11.7 0.1 3.0 5.7 Denmark Liquid Assets 4.2 0.0 3.0 Australia 4.3 1.7 Industrials 14.9 1.9 Spain 3.7 3.2 Utilities 1.4 4.3 Brazil 0.1 2.6 Information Technology 5.4 9.0 Other 30.2 0% 5% 10% 15% 20% 25% 0% 5% 10% 15% 20% 25% 30% Fund Target Fund Target Learn more about Schroders' funds visit: schroders.co.uk 2 Region (%) Top 10 holdings (%) Holding name % 53.4 Europe ex-UK/Middle East 76.5 Centrica PLC 3.2 Eni SpA 3.2 30.5 United Kingdom Wm Morrison Supermarkets PLC 3.1 18.1 South32 Ltd 3.0 Imperial Brands PLC 2.9 7.4 Emerging Markets 1.5 Natwest Group PLC 2.8 ING Groep NV 2.7 5.7 Liquid Assets 0.0 GlaxoSmithKline PLC 2.6 Sanofi 2.5 3.0 Arkema SA 2.4 Pacific ex-Japan 1.7 0% 10% 20% 30% 40% 50% 60% 70% 80% Fund Target Contact information Schroder Investment Management (Europe) S.A. 5, rue Höhenhof Sennigerberg Luxembourg L-1736 Tel: +352 341 342 202 Fax: +352 341 342 342 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. On 01.12.2016, the fund, previously named Schroder ISF European Equity Alpha, changed its name to Schroder ISF European Value. The fund's performance should be assessed against its target benchmark, being to exceed the MSCI Europe (Net TR) index and compared against the MSCI Europe Value (Net TR) index and the Morningstar Europe Flex Cap Equity Category. The fund's investment universe is expected to overlap to a limited extent with the components of the target benchmark and the MSCI Europe Value (Net TR) index. The comparator benchmarks are only included for performance comparison purposes and do not have any bearing on how the investment manager invests the fund's assets. The investment manager invests on a discretionary basis and there are no restrictions on the extent to which the fund's portfolio and performance may deviate from the target benchmark or the MSCI Europe Value (Net TR) index. The investment manager will invest in companies or sectors not included in the target benchmark or the MSCI Europe Value (Net TR) index in order to take advantage of specific investment opportunities. The target benchmark has been selected because it is representative of the type of investments in which the fund is likely to invest, and it is, therefore, an appropriate target in relation to the return that the fund aims to provide. Any 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. 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. Learn more about Schroders' funds visit: schroders.co.uk 3 Important information This document does not constitute an offer to anyone, or a solicitation by anyone, to subscribe for shares of Schroder International Selection Fund (the"Company"). Nothing in this document should be construed as advice and is therefore not a recommendation to buy or sell shares.