The Adviser is an affiliate of Schroders plc, a London Stock Exchange-listed financial services company. The Adviser is indirectly owned in its entirety by that public company. Trustees of certain settlements made by members of the Schroder family hold in excess of 25% of the voting shares of Schroders plc. Schroders has been in business since 1804. The Adviser registered with the Securities and Exchange Commission in 1990. The Adviser manages assets for domestic and foreign clients through delegation from its affiliate adviser, Schroder Investment Management North America Inc. (“SIMNA Inc.”). Portfolio managers for the Adviser generally work as portfolio managers for offshore affiliated advisers as well. The portfolio managers most often manage assets in the same strategy for a UK affiliate called Schroder Investment Management Ltd. That adviser is regulated by the UK Financial Conduct Authority and is not registered with the SEC. Schroder Investment Management Ltd does not do business in the US. The non-US Equity and Fixed Income strategies that the Adviser manages for SIMNA Inc. are: Global/International Equity Global/International Alpha International Alpha ADR Global/International Small Cap Emerging Markets Equity Emerging Markets Equity Alpha Frontier Markets Equity Emerging Markets Equity Impact Global Emerging Markets Small Cap Global Climate Change Global Climate Leaders Global Sustainable Growth Global Disruption Global Energy Transition Global Sustainable Food & Water Healthcare Innovation US Large Cap Equity Swiss Equities Asian Equities Indian Equities Global Strategic Bond The quantitative equity strategies are: Global Core International (ex-US) Value Global Value Global Quality Global Blend Global ESG Emerging Markets Emerging Markets Synergy The multi-asset strategies are: Diversified Growth –Alternative Risk Premia –Multi-Asset Retirement Target Return Cross Asset Alpha Multi-Asset Alpha The Systematic Investments strategies are: Sustainable Multi-Factor Equity Global Multi-Factor Equity Emerging Markets Multi-Factor Equity 5 Developed Markets Multi-Factor Equity US Multi-Factor Equity Asia Pacific ex Japan Multi-Factor Equity European Multi-Factor Equity Japanese Multi-Factor Equity UK Multi-Factor Equity / UK Yield Multi-Factor Equity Islamic Global Equity China A Multi-Factor Equity The Adviser also offers alternative investment strategies including: Commodities Emerging Markey Debt (Total Return) Insurance Linked Securities Multi-Strategy, Market Neutral The Adviser also offers Portfolio Solutions strategies including: Risk-Managed US Equities Risk-Managed International Equities For investment products

and services managed by the Adviser, our affiliated adviser in the US, SIMNA Inc., markets products or services to US investors. The Adviser does not ordinarily take on clients directly. Clients and prospective clients contemplating investment in products managed by the Adviser enter agreements with SIMNA Inc., which then delegates management to the Adviser. Prospective clients will receive a similar brochure for SIMNA Inc. and should read carefully the disclosures in that brochure as well. The Adviser primarily manages assets on a discretionary basis for SIMNA Inc. Substantially all of its accounts resulted from delegation of management authority from SIMNA Inc. The Adviser does not directly advertise, solicit clients or distribute products in the US. Its role in marketing is limited to assisting SIMNA Inc prepare their own material for its use. SIMNA Inc. independently makes decisions about what marketing material it will provide to US Investors. The types of clients for which the Adviser provides sub-advisory services include institutions, endowments, foundations, pension funds, government retirement plans, and insurance companies and, to registered investment companies.1 The specific guidelines for these types of accounts are generally the subject of negotiation between SIMNA Inc. and prospective clients. Clients may provide restrictions that differ from the Adviser’s usual style of managing for a particular strategy. Some strategies may have more latitude for accepting deviations from the ordinary management style of a strategy. The Adviser must approve any guidelines agreed to by SIMNA Inc., but the Adviser does not directly negotiate with those prospective clients. The Adviser has also registered as a Portfolio Manager in several Canadian provinces: Alberta, British Columbia, Manitoba, Nova Scotia, Ontario, Quebec, New Brunswick and Saskatchewan. 1In mutual fund sub-advisory arrangement, the investment adviser appointed by the board of the fund delegates to another advisor the actual selection of securities for the fund, typically on a discretionary basis. Other responsibilities for operation of the fund – such as pricing, marketing and preparing information for the fund board – are retained by the principal adviser. The Adviser does not actively manage accounts in wrap fee programs. SIMNA Inc. may agree to provide a model portfolio to some wrap sponsors. If the Adviser manages those strategies, it devises the model that SIMNA Inc. provides. All orders for the program’s accounts are raised by the wrap fee program sponsor. Each sponsor exercises investment discretion and executes each client’s portfolio transaction based on such sponsor’s own judgement. The Adviser does not provide model portfolios based on the individual needs of any one client. 6