Schroder International Selection Fund Latin American A Distribution GBP AV

The Fund aims to provide capital growth in excess of the MSCI Emerging Markets Latin America 10/40 (Net TR) index after fees have been deducted over a three to five year period by investing in equity and equity related securities of Latin American companies. The Fund is actively managed and invests at least two-thirds of its assets in equity and equity related securities of Latin American companies. The Fund typically holds 40-70 companies. The Fund may also invest up to one-third of its assets directly or indirectly in other securities (including other asset classes), countries, regions, industries or currencies, Investment Funds, warrants and Money Market Investments, and hold cash (subject to the restrictions provided in Appendix I).