Benefits of investing in the Schroder Multi-Asset Income Fund - Wholesale Class

The benefits of investing in the Fund include:

• Broad investment universe: By investing across a
  broad range of asset classes the Fund can take
  advantage of opportunities wherever they arise

• Active asset allocation: The Fund’s asset allocation
  approach is active and relatively unconstrained – this
  means it should have sufficient flexibility to adapt to
  changing markets

• Protection from the market: Our approach is aimed
  at protecting investors from bearing the full brunt of
  falls in markets

• A focus on stable returns: Developed in Australia for
  Australian clients, the Fund aims to deliver a return of
  3% to 4% p.a. above the RBA’s target cash rate (before
  fees), over rolling 3- year periods, without taking
  undue risk, so that the journey to achieving this
  objective is a relatively stable one

• The benefit of regular distributions: The Fund has
  also been designed to provide investors with monthly
  income

•  Expertise: Investors will benefit from the experience
  and expertise of Schroders’ dedicated multi-asset investment team. We manage the Fund locally, drawing on the insights and experience of our dedicated local and global teams.

Investor suitability

For investors who seek moderate returns over the medium to long term and are prepared to accept some volatility in returns including negative returns over the short term.

About the Fund

The Fund is a multi-asset objective based strategy that specifically selects investments which align with the Fund's performance objective of achieving returns above the RBA's target cash rate over rolling 3-year periods. Investments are managed with the intention of minimising the chance of losing money while also achieving a return relative to the RBA's target cash rate. The Fund may also use derivatives and active currency management to help achieve this investment objective.

How we invest your money

The Fund is an objective based multi-asset investment strategy. Unlike the traditional multi-asset investment approach which constructs investment portfolios around relatively static asset allocations, the Fund uses a dynamic approach to asset allocation to take full advantage of the opportunities presented in the market. The diverse nature of the Fund's investment universe and broad investment ranges ensures that it has the flexibility to effectively and efficiently allocate to and select those assets that in combination target the greatest probability of achieving the Fund's investment objective in all market environments. The Fund may also use derivatives and active currency management as part of the overall investment strategy. This is further enhanced by the incorporation of a multi-pronged risk management framework designed to identify, understand and mitigate any inherent downside risk within the Fund.

The resulting portfolio is diversified across a broad array of risk premia, assets and securities, which is intended to leave it well placed to achieve its objective.

Asset classes and investment ranges

The Fund may invest across a broad array of asset classes within the major categories of Growth, Diversifying and Defensive assets. The Fund may also use derivatives and active currency management. The permitted asset allocation ranges are set out below:

• Growth assets*: 0%-30%

• Diversifying assets**: 0%-75%

• Defensive assets***: 0%-100%

*Typically shares and property securities, offer potentially the highest return but also the highest volatility.

**Typically higher yielding debt and alternatives, offer higher potential returns usually with an income generating focus which assist in diversifying the portfolio's sources of return.

***Typically investment grade debt securities and cash and cash equivalents, are relatively secure with lower volatility.