Schroder International Alpha Fund

Mutual funds

Fund Information

	Advisor Shares	Investor Shares
Ticker Symbol	SCVEX	SCIEX
CUSIP	808088710	808088207
Inception Date	5/15/2006	12/19/1985
Fund Assets	N/A	N/A

Investment Objective

Schroder International Alpha Fund seeks long-term capital appreciation through investment in securities markets outside the United States.

Fund Overview

Investment style uses a bottom-up, growth-oriented strategy for stock evaluation
Fundamental, research-driven approach to identify quality growth companies with:

Attractive medium-term growth and valuation
Quality management and financial position
Sustainable competitive advantage

Concentrated, "best-ideas" portfolio typically composed of 40 - 60 stocks blending core and opportunistic holdings

Management Team

Team led by Virginie Maisonneuve
Over 20 years investment experience managing international equities
Joined Schroders in 2004 as head of Global and International Equity team
Dedicated team of 10 investment professionals averaging 15 years investment experience, based in London
Global sector specialists utilize Schroders' proprietary research platform to identify best ideas from around the world
Partner with more than 70 locally based Schroders research analysts in 11 countries

Virginie Maisonneuve, CFA
Schroder International Alpha Fund - Since 2005

Ms. Maisonneuve is Head of Schroders' Global and Europe, Australasia, Far East (EAFE) Team. She has been an employee of SIMNA Ltd. since 2004. Formerly, Co-Chief Investment Officer and Director, Clay Finlay.

Simon Webber, CFA
Schroder International Alpha Fund - Since 2010

Mr. Webber is a Portfolio Manager and Global Sector Specialist at SIMNA Ltd. He has been an employee of SIMLA Ltd. Since 1999.

Fund Facts (As of March 1, 2012)

	Advisor Shares	Investor Shares
Minimum Investment	$2,500	$250,000
Min. Subsequent Inv	$1,000	$1,000
Load	NONE	NONE
Management Fees	0.80%	0.80%
Distribution Fee	0.25%	NONE
Other Expenses	0.495%	0.515%
Total Annual Fund Operating Expenses	1.72%	1.49%
Less: Expense Reimbursement¹	0.42%	0.54%
Net Annual Fund Operating Expenses²	1.30%	0.95%

Daily Price (As of N/A)

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

Fund Performance >>

Quick links

¹The Fund's adviser has contractually agreed through February 28, 2013 (i) to waive its management fee to 0.80% and (ii) if necessary, to pay or reimburse the Fund to the extent that Total Annual Fund Operating Expenses (other than Acquired Fund Fees and Expenses, other indirect acquired fund expenses, interest, taxes, and extraordinary expenses), for the Fund's Advisor Shares, exceed 1.30% of Advisor Shares' average daily net assets and, for the Fund's Investor Shares, exceed 0.95% of Investor Shares’ average daily net assets. The fee waiver and/or expense limitation may only be terminated during its term by the Board of Trustees.

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, domestic and foreign, 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. Investing overseas involves special risks including among others, risk related to political or economic instability, foreign currency (such as exchange, valuation, and fluctuation) risk, market entry or exit restrictions, illiquidity and taxation. Emerging markets pose greater risks than investments in developed markets. Please see the prospectus for a full description of the risks associated with the fund.

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.