Schroder International Selection Fund Italian Equity A Distribution EUR AV/  LU0067016716  /

The fund aims to provide capital growth in excess of the FTSE Italia All- Share (TR) Index after fees have been deducted over a three to five year period by investing in equities of Italian companies. The fund is actively managed and invests at least 70% of its assets in a concentrated range (typically fewer than 50 companies) of equities of Italian companies. The fund invests at least 25% of these assets (which corresponds to 17.5% of the fund's assets) in equities of Italian companies that are not included in FTSE MIB index or other equivalent indices and at least 5% of these assets (which corresponds to 3.5% of the fund's assets) in equities of Italian companies that are not included in the FTSE MIB and FTSE MID CAP indexes or other equivalent indices. The fund may invest up to 10% of its assets in equities issued by, or entered into with, the same company or companies belonging to the same group. The fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the fund more efficiently. The fund is valued with reference to the net asset value of the underlying assets.

The fund aims to provide capital growth in excess of the FTSE Italia All- Share (TR) Index after fees have been deducted over a three to five year period by investing in equities of Italian companies.