Schroder US Opportunities Fund

Mutual funds

Fund Information

	Advisor Shares	Investor Shares
Ticker Symbol	SCUVX	SCUIX
CUSIP	808088694	808088405
Inception Date	5/15/2006	8/6/1993
Fund Assets	N/A	N/A

(Closed to new investors)

Investment Objective

Schroder US Opportunities Fund seeks capital appreciation by investing primarily in securities of companies in the United States with market capitalizations of $3 billion or less.

Fund Overview

Core investment style uses a bottom-up, fundamental, research-based approach to small-cap stock evaluation
Seeks to identify companies with compelling business models, strong management teams and attractive valuation levels
Sources of research include: company managements, competitors, media and suppliers
Portfolio composed of 100 - 150 stocks with typical allocation of:

50-60% invested in mispriced growth opportunities
20-40% in "steady eddies" (companies with dependable earnings and revenue)
5-20% in "turnarounds" (companies that consensus deems out of favor, but we believe have potential)

Management Team

Team managed by Jenny B. Jones
29 years investment experience managing small-cap equities
Joined Schroders in 2002 as Head of US Small Cap Core Equity team
Team: six research analysts dedicated to small-cap companies; one product manager

Jenny B. Jones
Schroder US Opportunities Fund - Since 2003

Ms. Jones is the Head of US Small and Mid Cap Equities of Schroders. She has been an employee of Schroders since 2003. Formerly, portfolio manager and Executive Director, Morgan Stanley Investment Advisors Inc.

Fund Facts (As of March 1, 2012)

	Advisor Shares	Investor Shares
Minimum Investment	$2,500	$250,000
Min. Subsequent Inv	$1,000	$1,000
Management Fees	1.00%	1.00%
Load	NONE	NONE
Distribution Fee	0.25%	NONE
Other Expenses	0.29%	0.29%
Acquired Fund Fees and Expenses	0.03%	0.03%
Total Annual Fund Operating Expenses¹	1.57%	1.32%

Daily Price (As of N/A)

	Advisor Shares	Investor Shares
Share Price/NAV	N/A	N/A
Change	N/A	N/A

Fund Performance >>

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¹"Total Annual Fund Operating Expenses" shown above include expenses incurred indirectly by the Fund (e.g., indirect Other Expenses and/or Acquired Fund Fees and Expenses), and thus may be higher than the Ratio of Expenses to Average Net Assets included in the "Financial Highlights" section of the full prospectus. If only the operating expenses of the Fund were included in Total Annual Fund Operating Expenses, and not the indirect expenses incurred by the Fund, the Total Annual Fund Operating Expenses would be 1.54% for Advisor Shares and 1.29% for Investor Shares.

Performance data quoted represents past performance. Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data does not reflect a 2.00% redemption fee on shares redeemed two months or less from their original date of purchase. If this fee were reflected, one month performance for these funds would be lower than that shown. Current performance may be lower or higher than the performance data quoted.

For performance data current to the most recent month end, please click the following link: performance. Please consider a fund's investment objectives, risks, charges and expenses carefully before investing. For access to the prospectus, please click the following link: prospectuses. To obtain any further information on any Schroders fund, please read the prospectus, call your financial advisor or call Schroder Mutual Funds at (800) 464-3108 for Individual Investors or (800) 730-2932 for Intermediaries/Financial Consultants. Read the prospectus carefully before investing.

All investments involve risks including the risk of possible loss of principal. The market value of a fund's portfolio may decline as a result of a number of factors, including adverse economic and market conditions, prospects of stocks in the portfolio, changing interest rates, and real or perceived adverse competitive industry conditions. Investments in small capitalization companies generally carry greater risk than is customarily associated with larger capitalization companies, which may include, for example, less public information, more limited financial resources and product lines, greater volatility, higher risk of failure than larger companies, and less liquidity.

Please see the prospectus for a full description of the risks associated with the fund.

There can be no guarantee these strategies will be successful.

Schroder Investment Management North America Inc. is an indirect wholly owned subsidiary of Schroders plc and is an SEC registered investment adviser providing asset management products and services to clients in the US and Canada. Our mutual funds are distributed by Schroder Fund Advisors LLC, a member of FINRA.