Schroder GAIA Sirios US Equity E Accumulation USD

Objectives The fund aims to provide a positive return after fees have been deducted over a three year period by investing in equities in the US and worldwide. Investment policy The fund may take long and short positions in shares of companies worldwide, however at least 51% of the fund is invested in US companies. The fund invests in companies based on in-depth research into their financial and business strength. The fund takes long positions in large and mid-cap companies which the investment manager believes exhibit strong earnings growth potential combined with an attractive valuation. The fund takes short positions in companies which the investment manager believes have deteriorating revenues, weak earnings and where the future prospects for growth are challenged. The fund may be net long or short. The fund may invest up to 10% of its assets in open ended investment funds. The fund may exceptionally hold up to 100% of its assets in cash. The fund may also invest directly or indirectly in other securities (including other asset classes), countries, regions, industries or currencies, warrants and money market investments. The fund invests directly by purchasing physical holdings and/or indirectly through derivatives. The fund may use derivatives, long and short, with the aim of achieving investment gains, reducing risk or managing the fund more efficiently. The fund may be net long or net short when long and short positions are combined. The fund may use leverage. Recommendation: Investors should seek independent advice and satisfy themselves that they have an understanding of the techniques employed by the manager. Benchmark The fund's performance should be assessed against its target benchmark, being to provide a positive return over a three year period and compared against the S&P 500 Net TR index and Secured Overnight Financing Rate (or an alternative reference rate). 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. In relation to the S&P 500 Net TR index the Fund's investment universe is expected to overlap directly or indirectly to a limited extent with the components of the comparator benchmark. 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 comparator benchmark. The investment manager will invest in companies or sectors not included in the comparator benchmark. The target benchmark has been selected because the target return of the fund is to deliver the return of that benchmark as stated in the investment objective. 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. Dealing frequency You may redeem your investment upon demand. This fund deals daily. Distribution policy This share class accumulates income received from the fund's investments, meaning it is kept in the fund and its value is reflected in the price of the share class.