Performance of Foreign Mutual Funds marketed in Portugal

10 21 30 31 42 47 48 49 51 73 74 85 75 76 77 79 86 Performance of Foreign Mutual Funds marketed in Portugal Date: 02/09/2016 DISCLAIMER The information contained in this file has been drawn up in accordance with the methodology described bellow and taking into account the data provided by the Management Entities. APFIPP shall be held responsible neither for inexact or deficient data provided by these entities nor for the results of analyses and of classifications drawn up on the basis of deficient or incorrect data. APFIPP shall not be held responsible for third party manipulation of the data or information contained in this file. APFIPP does not exclude the validityof other methodologies for the calculation of the returns and volatility of the Funds / Sub-Funds identified in this file or for their inclusion in risk classes. The information contained in this file does not constitute investor counselling of any type, which should be provided by professional entities, nor does it dispense consultation of other information, particularly the information published officially by the Management Entities or by entities charged with the placement and marketing of the securities in question. The yields published represent past data, and do not constitute a guarantee of future returns, since the value of the units may increase or decrease in accordance with the level of risk, which varies between 1 (minimum risk) and 7 (maximum risk). The reproduction of the information contained in this file is the responsibility of its user who must give notice to any third party of the content of this disclaimer, under penalty of being held liable for the losses that disregard therefore might cause to or to any third party. The Funds / Sub-Funds included in this file may be denominated in a currency other than EUR and for that reason, for each Fund / Sub-Fund it is presented the respective currency. All calculi are based on the price of the Fund's / Sub-Fund's share expressed in the respective currency. Therefore, the returns and volatility presented for Funds / Sub-Funds denominated in different currencies are not directly comparable. The share prices presented and used in the calculation of returns and volatility refer to the following share classes: Share Class A for SICAV F&C Portfolios Fund; Share Class B Accumulation for SICAV Schroder International Selection Fund (SISF); and Share Class A for SICAV FIdelity I and SICAV Fidelity II. The returns and risk classes presented for Comstage ETF's Funds are based on the respective NAV (Net Asset Value). This means that the prices negotiated in the stock exchange are not taken into consideration. Therefore, also the price presented for these Funds is the respective NAV and not any price negotiated in the stock exhange. The calculations do not include subscription and redemption fees, as well as any other charges or expenses paid directly by the unit-holders. These fees and other expenses vary in accordance with the conditions set out in the Prospectus of each Fund / Sub-Fund. Share Prices are presented net from management and depositary fees. The Categories of the Funds / Sub-Funds presented in this file are defined by the Management Companies that are also responsible for the inclusion of the Funds / Sub-Funds into those categories. Unlike Portuguese domiciled Investment Funds, the Funds / Sub-Funds presented in this file are not subject to withholding tax in Portugal and, therefore, the share prices presented are gross from due taxes. Investors to these Funds that are Portuguese residents are subject to taxation at the time of reimbursement, at a separate rate of 28% (if the investor is a Portuguese resident individual). If the investor is a company subject to Corporate Income Tax (IRC), the income obtained from the participation must be added to the total annual taxable profit of the company and taxed accordingly. In case of sale to another investor (secondary market), the income obtained from that sale is considered a capital gain and the tax regime for capital gains applies. From the above explanation it follows that both returns and volatility presented in this file are gross from taxes and therefore it is not possible to compare directly the returns and volatility presented for Portuguese domiciled Funds with those of Foreign domiciled Funds, even if they have similar investment policies. METHODOLOGY RETURNS The returns are calculated from the share Funds, which are net from management and depositary fees but gross from taxes, because these Funds are not subject to withholding taxes. Calculation is made in accordance with the formulae below that assume that dividends are reinvested free of subscription fees at the following price that reflects the decrease caused by the dividend. The returns are calculated based on the share prices expressed in the currency of the Fund / Sub-Fund. The calculation of returns does not take into account any subscription or redemption fees. 1 1 1 1 VOLATILITY Obtained from the standard deviation of weekly returns, or monthly returns if the Fund do not disclose its price on a weekly basis, according to the following formulae: 1! " # # % 100 # ' '()! 1 1 # 1 * "# UP f - Price of the Fund at the end of the calculation period R j - Dividend paid by the Fund at time j n - Number of days of the calculation period m Equal to 52 or 12 depending if the considered returns are weekly or monthly RISK CLASSES The classification of the level of risk is made in accordance with the following table: UP i - Price of the Fund at the beginning of the calculation period UP d - Price of the Fund after the dividend is paid at time d UP t - Price of the Fund at the last business day of the week / month t T - Number of weekly / monthly returns observed in the calcularion period Risk Volatility gap Classes Greater than or equal to Less than 1 0.00% 0.50% 2 0.50% 2.00% 3 2.00% 5.00% 4 5.00% 10.00% 5 10.00% 15.00% 6 15.00% 25.00% 7 25.00%

COMSTAGE ETFs European Equity Funds ComStage CAC 40 Leverage UCITS ETF EUR 2.38 8.18-4.40 0.01 4.60 10.40 16.37 7 7 7 7 7 7 7 12.93 ComStage CAC 40 Short GR UCITS ETF EUR -4.14-8.53-5.07-9.91-10.92-11.76-15.23 6 6 6 6 6 6 6 28.29 ComStage CAC 40 UCITS ETF EUR 2.07 5.34-0.24 2.86 4.88 7.33 10.82 6 6 6 6 6 6 6 56.22 ComStage DAX TR UCITS ETF EUR 4.55 8.69-1.16 5.61 5.56 8.65 13.73 6 6 6 6 6 6 6 105.06 ComStage EURO STOXX 50 NR UCITS ETF EUR 1.96 4.65-3.58-0.48 1.60 6.86 10.54 6 6 6 6 6 6 6 62.50 ComStage PSI20 Lev. UCITS ETF EUR -4.62-1.74-19.75-13.41-20.34-14.56-10.51 7 7 7 7 7 7 7 4.35 ComStage PSI20 UCITS ETF EUR -1.85 0.53-8.46-3.59-8.00-5.08-2.99 6 6 6 6 6 6 6 5.53 ComStage ShortDAX TR UCITS ETF EUR -6.16-11.21-4.01-12.09-11.38-12.72-16.68 6 6 6 6 6 6 6 27.68 American Equity Funds ComStage Dow Jones Ind. Average UCITS ETF USD 4.13 10.44 6.44 15.01 5.71 9.26 12.12 4 4 5 5 5 5 5 209.97 ComStage Nasdaq 100 UCITS ETF USD 6.11 11.16 3.77 13.63 9.04 16.80 17.96 5 5 6 6 6 6 6 49.77 ComStage S&P 500 UCITS ETF USD 3.97 10.67 6.91 13.81 6.15 11.84 14.86 4 4 5 5 5 5 5 239.24 Asian Equity Funds ComStage Nikkei 225 UCITS ETF JPY 2.29 1.77-10.43-5.39 5.05 8.68 14.63 7 7 7 7 6 6 6 1,821.18 Global Equity Funds ComStage MSCI Emerg. Mark.TRN UCITS ETF USD 12.39 18.79 15.57 15.41-7.02 0.70 5 5 6 6 6 6 38.66 ComStage MSCI World TRN UCITS ETF USD 4.08 10.61 5.11 9.63 1.66 7.65 10.22 5 4 5 5 5 5 5 47.32 SICAV F&C PORTFOLIOS FUND Bond Funds F&C - Emerging Markets Bond USD 6.65 11.12 14.96 14.51 4.42 6.90 5.16 4 4 4 4 4 4 4 15.39 F&C - European High Yield Bond EUR 3.42 8.85 7.56 7.95 4.80 6.63 8.73 3 3 4 4 3 3 3 13.29 F&C - Global Convertible Bond EUR 2.03 3.49-0.26 3.62 6.13 7.69 8.66 3 4 4 4 5 4 4 19.57 Equity Funds BMO Responsible Glob Emerg Mkt Equity* USD 10.61 17.12 19.77 17.96-3.74 2.51-0.78 5 5 6 6 6 5 6 21.69 F&C - European Equity EUR 1.41 3.70-4.09-0.44 5.67 6.73 13.94 5 5 6 6 6 6 6 17.95 F&C - European Small Cap EUR -5.16-1.47-10.29-6.01 7.01 9.11 16.76 6 5 6 6 6 6 6 25.54 F&C - Japanese Equity EUR 3.49 6.87-1.87 9.52 13.00 12.00 11.53 5 6 6 6 6 6 6 28.79 F&C - US Smaller Companies USD 4.19 12.63 7.60 8.35 3.06 7.14 13.41 4 5 6 6 6 5 6 162.86 * - BMO Responsible Global Emerging Markets Equity was previously named F&C - Global Emerging Markets Portfolio SICAV FIDELITY I Cash Funds FF Euro Cash Fund EUR -0.08-0.14-0.17-0.19-0.10-0.06-0.01 1 1 1 1 1 1 1 9.25 FF USD Cash Fund USD -0.04-0.02-0.01 0.00 0.03 0.03 0.05 1 1 1 1 1 1 1 11.71 Bond Funds FF Asian Bond Fund USD 3.52 5.96 7.74 9.10 5.92 7.51 5.43 3 3 3 3 3 3 3 13.51 FF Asian High Yield Fund - EUR EUR 5.13 9.02 9.28 14.20 14.31 14.00 11.96 4 4 4 5 5 4 5 18.85 FF Emerging Market Debt Fund USD 1.52 7.01 8.26 7.56 2.47 6.23 4.67 4 4 4 4 4 4 4 12.06 FF Euro Bond Fund EUR 1.16 3.26 4.50 6.00 3.48 6.21 6.01 4 3 3 3 3 3 3 13.92 FF Euro Corporate Bond Fund EUR 3.22 5.87 6.34 6.54 3.43 5.51 6.12 3 3 3 3 3 3 3 31.38 FF European High Yield Fund EUR -0.66 4.90 3.02 2.37 0.62 3.68 6.74 4 4 4 4 3 3 4 9.91 FF International Bond Fund USD 0.09 5.05 6.50 5.23-2.18 0.47-0.33 4 4 4 4 4 3 4 1.16 FF US High Yield Fund - EUR EUR 0.64 4.11 3.50 2.74 8.45 9.14 10.46 5 5 5 5 5 5 5 8.84 FF US High Yield Fund - USD USD 0.68 7.18 6.40 2.07 0.06 3.28 5.30 5 4 4 4 4 4 4 11.80 Balanced Funds FF Euro Balanced Fund EUR -0.06 0.76-2.77 0.06 3.83 6.35 10.01 4 4 5 5 5 5 5 17.21 FF Growth & Income Fund USD 2.00 6.25 3.66 4.99-0.89 3.14 3.49 4 4 4 4 4 4 4 17.84 FF Multi Asset Strategic Fund USD 0.99 3.43 1.27 2.28-3.95 0.53 1.21 3 3 4 4 4 4 4 11.17 FF Multi Asset Strategy Defensive EUR 0.74-0.48-1.60 2.07 2.44 4.38 3.94 4 4 4 4 4 4 4 12.32

SICAV FIDELITY I (Cont.) Asset Allocation Funds FF Fidelity Gestion Equilibre EUR 0.90 4.16 2.25 3.79 2.36 4.96 5.72 3 4 4 4 4 4 4 12.28 FF SMART Global Defensive Fund EUR -1.85 0.49-1.45 0.91 2.33 5.57 7.62 4 4 4 4 4 4 4 12.20 FF SMART Global Moderate Fund USD 0.54 6.85 1.37 5.04 0.02 5.80 9.03 4 4 5 5 5 5 5 24.33 FF Target 2020 Fund USD 2.22 8.03 2.88 5.70-0.05 5.30 8.20 4 4 5 5 5 5 5 20.73 FF Target 2035 ACC EUR 3.46 6.93 1.43 8.16 7.46 10.74 12.75 4 5 6 6 6 6 5 30.54 FF Target 2040 ACC EUR 3.56 7.08 1.50 8.46 7.48 10.77 12.78 4 5 6 6 6 6 5 30.55 FF Target TM 2015 Euro EUR -0.95-0.65-0.43-0.03 1.33 4.41 6.45 3 2 2 2 3 3 3 32.20 FF Target TM 2020 Euro EUR 2.42 5.22 3.01 7.06 5.88 8.80 10.10 4 4 4 4 4 4 4 41.13 FF Target TM 2025 Euro EUR 3.11 6.19 2.53 7.76 6.56 9.57 11.29 4 4 5 5 5 5 5 34.49 FF Target TM 2030 Euro EUR 3.32 6.64 1.94 8.10 7.18 10.34 12.34 4 4 6 6 6 5 5 35.79 FF Target TM 2035 Euro EUR 3.45 6.92 1.40 8.15 7.44 10.74 12.75 4 5 6 6 6 6 5 29.65 FF Target TM 2040 Euro EUR 3.56 7.11 1.50 8.49 7.47 10.78 12.78 4 5 6 6 6 6 5 29.69 European Equity Funds FF Euro Blue Chip Fund EUR -0.48-0.44-7.34-4.27 2.87 5.54 12.01 5 5 6 6 6 6 6 20.59 FF Euro Stoxx 50 Fund EUR -0.62 2.08-5.24-3.24-0.14 5.61 9.74 6 6 6 6 6 6 6 9.48 FF European Dividend Fund EUR 3.07 5.76 0.65 5.09 4.98 8.43 10.89 5 5 6 6 6 5 5 15.43 FF European Dynamic Growth EUR 1.11 5.06 0.13 7.88 13.06 11.44 15.46 5 5 6 6 6 6 5 47.54 FF European Fund EUR 0.35 2.76-4.33-2.41 3.26 6.00 10.86 5 5 6 6 6 6 6 14.14 FF European Growth Fund EUR 1.03 5.38-0.51 2.23 4.49 7.64 11.33 5 5 6 6 6 6 6 13.70 FF European Larger Companies Fund EUR 1.06 5.33-0.53 2.22 4.28 7.53 12.87 5 5 6 6 6 6 6 43.08 FF European Smaller Companies Fund EUR 0.66 6.92-1.28 5.28 11.40 12.06 13.73 6 5 6 6 5 5 5 43.91 FF European Value Fund EUR -2.51-1.57-9.72-8.66-1.39 3.36 8.10 6 6 6 6 6 6 14.40 FF Fidelity Sélection Europe EUR 0.51 3.44-3.38-0.70 2.42 6.12 10.80 5 5 6 6 6 6 6 29.74 FF France Fund EUR -0.18 3.66-1.90 1.49 6.02 7.60 11.65 6 5 6 6 6 6 6 49.05 FF Germany Fund EUR 0.78 2.59-4.71 2.59 9.63 9.87 15.76 5 5 6 6 6 6 6 45.50 FF Iberia Fund EUR -3.02-0.76-7.57-3.08 0.67 6.93 10.62 6 5 6 6 6 6 6 63.62 FF Italy Fund EUR -2.55-2.43-13.59-13.77-1.60 6.09 11.02 6 6 6 6 6 6 6 32.48 FF Nordic Fund SEK 13.47 18.78 16.71 14.97 7.77 13.40 17.48 6 5 6 6 6 6 6 1,038.00 FF Switzerland Fund CHF 0.93 3.54-4.74-3.81-2.69 3.00 11.08 5 5 6 6 6 6 6 50.86 FF United Kingdom Fund GBP 5.23 4.98 0.04 5.01 4.74 5.20 10.90 5 5 6 6 6 5 6 2.70 American Equity Funds FF America Fund USD 3.07 10.19 5.51 11.78 5.60 11.81 15.59 4 4 5 5 5 5 5 9.50 FF America Fund EUR Shares EUR 3.05 7.08 2.66 12.57 14.50 18.20 21.30 4 5 6 6 6 6 5 8.52 FF American Diversified Fund USD 2.51 8.59 2.51 7.95 3.19 9.67 12.71 4 4 5 5 5 5 5 20.86 FF American Growth Fund USD 2.75 11.35 5.29 7.56 3.12 10.29 12.88 4 4 5 5 5 5 5 40.03 FF Latin America Fund USD 15.13 24.11 30.12 24.44-15.10-5.88-6.88 6 6 7 7 7 6 6 30.37 Japanese Equity Funds FF Japan Advantage Fund JPY -1.59 1.46-12.54-7.00 0.64 4.17 10.85 6 6 7 7 6 6 6 25,495.00 FF Japan Fund JPY -1.34-1.58-13.78-9.32 0.34 4.49 10.76 6 6 7 6 6 6 6 162.00 FF Japan Fund EUR shares EUR 2.97 4.52-3.14 5.22 9.29 8.72 9.26 5 6 6 6 6 6 6 1.39 FF Japan Smaller Companies Fund JPY -4.75-1.62-13.85-6.87 3.62 9.21 14.22 6 6 7 7 6 6 6 1,704.00 Asia-Pacific (ex-japan) Equity Funds FF Asean Fund USD 5.94 8.88 12.20 15.14-7.22 0.30 1.07 5 5 5 6 6 5 6 29.43 FF Asia Focus Fund EUR EUR 10.84 14.19 8.63 20.33 6.77 8.95 7.28 5 5 6 6 6 6 6 6.42 FF Asia Focus Fund USD USD 10.85 17.48 11.63 19.46-1.52 3.05 2.23 5 5 6 6 6 6 6 7.16 FF Asian Smaller Companies Fund USD USD 7.34 18.10 15.05 27.42 0.96 12.00 4 4 5 5 5 5 18.73 FF Asian Special Situations Fund USD 12.30 20.80 14.66 22.31 2.54 7.68 5.75 5 5 6 6 6 5 6 40.36 FF Australia Fund AUD -0.34 4.26-1.71 4.25-0.10 3.37 8.82 5 5 6 6 6 5 5 52.40 FF China Consumer Fund USD 10.95 18.67 7.17 17.47 1.05 6.51 7.12 5 6 6 6 6 6 6 14.49 FF China Focus Fund USD 12.57 17.52 6.00 14.43 5.89 9.07 5.73 6 6 6 6 6 6 6 54.27 FF China Opportunities Fund USD USD 12.74 17.71 7.78 14.62 0.20 4.59 3.49 6 6 6 6 6 6 6 11.22 FF Emerging Asia Fund - EUR EUR 11.15 15.27 10.44 20.56 11.56 16.14 10.12 5 5 6 6 6 6 6 20.53 FF Greater China Fund USD 11.27 18.56 10.53 19.59 3.22 8.11 7.50 5 5 6 6 6 6 6 182.70 FF India Focus USD 9.25 20.64 9.64 13.43 3.44 20.28 6.32 5 5 6 6 6 6 6 39.69 FF India Focus EUR EUR 9.24 17.27 6.71 14.25 12.17 27.17 11.57 5 5 6 6 6 6 6 43.26 FF Indonesia Fund USD 14.94 12.09 24.62 36.76-3.24 4.64-0.80 6 6 6 7 7 7 7 27.54 FF Korea Fund USD 6.97 12.07 4.99 8.88-6.64 1.34-2.17 6 6 6 6 6 6 6 18.10 FF Malaysia Fund USD 2.23-0.29 4.34 10.68-13.62-5.19-1.36 5 5 6 6 6 6 6 38.45 FF Pacific Fund USD 8.70 16.24 10.44 20.80 1.63 9.16 8.77 5 5 6 6 6 6 6 31.00 FF Singapore Fund USD 1.86 7.06 5.12 7.45-7.87-1.02 0.80 5 5 6 6 6 5 6 47.62 FF Taiwan Fund USD 12.05 14.50 15.97 21.80-1.79 6.83 5.27 5 6 6 6 6 6 6 10.95 FF Thailand Fund USD 7.85 12.03 20.95 12.29-5.00 3.83 6.44 5 5 6 6 6 6 6 46.83 International Equity Funds FF Emerging Markets Fund USD 6.40 13.56 6.84 13.47-3.21 3.35 3.10 5 5 6 6 6 5 6 23.11 FF Fidelity Sélection Internationale EUR 2.49 5.67-0.40 5.02 6.98 10.17 13.41 4 5 6 6 6 6 5 54.26 FF Global Focus EUR Fund EUR 5.88 8.98 2.11 9.07 10.37 12.58 14.40 4 5 6 6 6 6 5 51.83 FF Global Focus Fund USD 5.91 12.15 4.94 8.30 1.78 6.48 9.02 4 4 5 5 5 5 5 55.03 FF Global Focus GBP Fund GBP 14.83 18.53 16.36 24.61 13.36 12.13 13.37 6 5 6 6 5 5 5 3.31 FF International Fund USD 3.17 9.51 3.99 7.27 1.20 6.87 9.77 4 4 5 5 5 5 5 48.24 FF International Fund EUR shares EUR 3.15 6.45 1.19 8.05 9.75 13.01 15.19 4 5 6 6 6 6 5 43.24 FF World Fund EUR 3.64 6.28-0.84 8.21 11.79 14.58 16.65 5 5 6 6 6 6 6 18.79

SICAV FIDELITY I (Cont.) Global Sector Equity Funds FF Global Consumer Industries Fund EUR 4.34 6.32 2.75 13.50 14.33 15.00 16.54 4 4 6 6 6 5 5 47.13 FF Global Financial Services Fund EUR 4.89 7.80-2.15 5.82 10.04 11.62 15.19 5 5 6 6 6 6 6 29.58 FF Global Health Care Fund EUR -0.51 1.04-7.35-0.80 12.58 17.06 19.14 5 6 6 6 6 6 5 36.96 FF Global Industrials Fund EUR 6.14 12.30 10.45 16.87 2.48 5.92 7.40 4 5 6 6 6 6 6 44.92 FF Global Opportunities Fund EUR 3.42 5.12-0.78 5.84 6.42 8.96 12.28 4 5 6 6 6 5 5 16.64 FF Global Property Fund USD 5.69 9.85 6.01 12.75 3.13 8.14 8.32 5 5 5 5 5 5 5 13.94 FF Global Technology Fund EUR 11.13 15.49 9.80 27.31 22.36 21.97 22.11 4 5 6 6 6 6 6 15.58 FF Global Telecommunications Fund EUR 0.09-1.36-1.62 3.21 6.96 9.21 10.87 5 5 6 6 6 5 5 10.90 SICAV FIDELITY II Currency Funds FF II - US Dollar Currency Fund USD 0.01 0.03 0.04 0.05 0.05 0.05 0.05 1 1 1 1 1 1 1 33.46 SCHRODER INTERNATIONAL SELECTION FUND SICAV Liquidity Funds Schroder Euro Liquidity EUR -0.19-0.36-0.47-0.67-0.62-0.55-0.29 1 1 1 1 1 1 1 118.87 Schroder USD Liquidity USD 0.07 0.17 0.22 0.20 0.11 0.08-0.02 1 1 1 1 1 1 1 104.33 Bond Funds (Mainstream) Schroder Euro Bond EUR 2.18 3.32 4.74 5.95 3.32 5.65 5.96 3 3 3 3 3 3 3 19.82 Schroder EURO Government Bond EUR 2.37 2.92 5.20 7.14 4.34 6.62 5.95 3 3 3 3 3 3 3 10.91 Schroder Euro Short Term Bond EUR 0.07 0.06 0.20 0.34 0.17 0.92 1.48 1 1 1 2 2 2 2 7.13 Schroder Global Bond USD 2.04 6.04 8.09 6.66-1.03 1.27 0.57 3 3 3 4 3 3 3 10.64 Schroder Global Bond EUR Hdg EUR 1.08 2.82 4.29 4.00 1.71 3.38 3 3 3 3 3 3 11.71 Schroder Global Inflation Linked Bond EUR 6.47 8.08 10.18 8.67 4.17 5.11 3.46 4 4 3 4 4 3 3 30.62 Schroder US Dollar Bond USD 2.75 5.27 5.33 4.35 1.38 3.33 2.41 3 3 3 3 3 3 3 20.42 Schroder US Dollar Bond Hedge EUR 2.38 4.67 4.52 3.33 0.64 2.85 2.07 2 3 3 3 3 3 3 143.34

SCHRODER INTERNATIONAL SELECTION FUND SICAV (Cont.) Bond Funds (Specialist) Schroder Asian Convert. Bond Eur Hdg EUR 3.40 3.88 0.39 4.23 1.25 3.16 2.44 3 4 4 4 4 4 4 117.46 Schroder Asian Convertible Bond USD 3.75 4.54 1.14 5.17 1.73 3.50 2.83 3 4 4 4 4 4 4 118.81 Schroder Asian Local Currency Bond USD 5.29 9.01 9.53 11.26 0.77 2.95 0.65 4 4 4 4 4 4 4 120.27 Schroder Emerging Market Bond USD 6.91 13.72 15.46 12.75-0.76 3.05 4 4 4 4 4 4 108.95 Schroder Emg Mark Corporate Bd EUR Hdg EUR 4.13 9.18 9.15 8.29 1.87 4.56 3 3 3 3 3 3 114.27 Schroder Emg Mark Sovereign Bd EUR Hdg EUR 4.92 8.33 9.70 4.73-9.10-4.97 5 5 5 5 5 5 79.66 Schroder Emg Market Bond EUR Hdg EUR 6.44 12.85 14.45 11.51-1.48 2.56 4 4 4 4 4 4 106.69 Schroder Emg Market Corporate Bond USD 4.48 9.87 9.96 9.32 2.54 5.02 3 3 3 3 3 3 116.41 Schroder Emg Market Sovereign Bond USD 5.46 9.38 10.93 6.16-8.16-4.25 5 5 5 5 5 5 82.18 Schroder Euro Corporate Bond EUR 3.31 6.68 6.57 7.35 4.15 5.87 5.69 3 3 3 3 3 3 3 19.96 Schroder Euro Credit Conviction EUR 4.11 8.25 7.19 7.81 4.71 3 3 3 3 3 117.43 Schroder Glb Corporate Bond EUR Hdg EUR 3.46 7.66 7.29 6.76 1.97 4.09 3.57 3 3 3 3 3 3 3 149.48 Schroder Glb High Yield EUR Hdg EUR 4.55 10.73 9.60 5.23 1.06 4.07 5.44 4 4 4 4 4 4 4 36.29 Schroder Global Convert.Bond Eur Hdg EUR 1.82 3.24-1.58 2.43 0.69 3.23 4.62 4 4 4 4 4 4 4 125.46 Schroder Global Convertible Bond USD 2.23 3.92-0.85 3.26 1.16 3.55 4.99 4 4 4 4 4 4 4 128.97 Schroder Global Corporate Bond USD 3.80 8.35 8.11 7.73 2.69 4.61 3.94 3 3 3 3 3 3 3 9.91 Schroder Global Credit Duration Hdg EUR 1.62 5.91 2.71 2.38-1.08 0.45 0.82 3 3 3 3 3 3 3 105.05 Schroder Global High Yield USD 4.89 11.43 10.35 6.17 1.64 4.47 5.83 4 4 4 4 4 4 4 38.83 Schroder Strategic Bd EUR Hdg EUR -0.37 1.54-0.54-1.73-3.05-1.26 0.27 3 3 3 3 3 3 3 124.32 Schroder Strategic Bond USD -0.03 2.15 0.13-0.85-2.58-0.97 0.53 3 3 3 3 3 3 3 131.72 Absolute Return Funds Schroder Asian Bond Absolute Return USD 1.48 4.15 2.80 2.88-0.70 0.75 0.47 2 2 3 3 3 3 3 11.86 Schroder Em. Mkt Debt Abs Ret EUR Hdg EUR 3.48 7.25 8.95 6.42-1.99-0.32-0.41 4 4 4 4 4 3 3 26.77 Schroder Emg. Markets Debt Abs Return USD 3.97 8.17 10.10 7.77-1.14 0.27 0.08 4 4 4 4 4 3 3 24.71 Schroder European Alpha Absolute Return EUR -1.12-1.87-0.10 2.68 5.14 4 3 3 3 3 106.11 Schroder European Equity Absolute Return EUR -2.11-3.00-4.21-5.02 2.23 3 3 3 3 3 100.16 Multi-Asset Funds Schroder Global Diversified Growth EUR 1.66 4.35 0.69 1.49-0.05 2.70 4 3 4 4 4 4 114.96 Schroder Global Multi-Asset Allocation USD 1.01 2.47 0.77 2.90 4 3 4 4 163.48 Schroder Global Multi-Asset Balanced EUR 1.36 1.63 0.40 0.25-1.21 1.23 3 3 3 3 3 3 119.86 Schroder Global Multi-Asset Income USD 2.53 5.55 5.64 3.25-2.53 1.55 3 3 4 4 4 3 112.36 Schroder Global Multi-Asset Income EUR Hdg EUR 2.18 4.91 4.87 2.29-3.01 1.20 3 3 4 4 4 3 110.37 Schroder Wealth Preservation EUR EUR 2.06 15.05 17.32 12.76-0.82 0.23 0.73 5 5 5 5 4 4 4 17.28 Equity Alpha Funds Schroder European Equity Alpha EUR 0.52 4.93-3.27-0.08 3.79 6.84 11.04 5 5 6 6 6 5 6 52.99 Schroder Global Equity Alpha USD 2.91 9.13 1.17 5.43-1.20 3.84 6.21 5 5 6 5 5 5 5 152.17 Equity Funds (Mainstream) Schroder Asian Opportunities USD 11.38 18.14 12.61 16.98 0.98 7.04 5.50 6 5 6 6 5 5 6 12.52 Schroder Euro Equity EUR 0.21 3.62-2.74 1.75 5.55 8.13 12.40 5 5 6 6 6 6 6 28.87 Schroder European Large Cap EUR 1.92 5.74-0.98 4.27 3.84 6.31 10.91 5 5 6 6 6 6 6 210.58 Schroder Global Equity USD 2.94 8.97 1.34 5.93-0.38 5.53 7.36 5 5 5 5 5 5 5 19.10 Schroder Italian Equity EUR -4.88-3.25-15.63-14.05-1.60 5.87 8.49 6 6 6 6 6 6 6 24.93 Schroder Japanese Equity JPY -0.69-1.26-14.06-9.41-0.07 4.88 11.24 6 6 7 7 6 6 6 776.27 Schroder Swiss Equity CHF 1.64 5.47-1.94 2.53 1.13 4.65 11.27 5 5 6 6 6 6 5 35.00 Schroder UK Equity GBP 8.85 10.51 6.52 9.31 3.74 5.69 10.39 5 5 6 5 5 5 5 4.13 Schroder US Large Cap Eur Hedge EUR 2.97 9.21 3.67 8.53 2.39 9.41 12.09 4 4 5 5 5 5 5 147.45 Schroder US Large Cap USD 3.42 10.03 4.43 9.35 2.70 9.65 12.66 4 4 5 5 5 5 5 106.28 Equity Funds (Quantitative) Schroder QEP Glb Active Value Eur Hdg EUR 4.56 8.89 4.19 6.15-1.00 4.85 7.64 5 5 6 6 5 5 5 95.98 Schroder QEP Global Active Value USD 5.10 11.33 6.23 7.63-3.60 3.12 5.67 5 5 6 6 5 5 5 166.56 Schroder QEP Global Quality USD 4.04 10.38 6.40 11.00 1.00 6.35 8.06 5 5 5 5 5 5 5 130.41

SCHRODER INTERNATIONAL SELECTION FUND SICAV (Cont.) Equity Funds (Specialist) Schroder Asia Pacific Property Sec USD 7.26 11.08 9.49 13.45-3.72 0.94 4.44 5 5 6 6 5 5 5 141.79 Schroder Asian Equity Yield USD 7.20 13.93 12.28 14.15-3.28 3.85 4.97 6 6 6 6 5 5 5 24.15 Schroder Asian Smaller Companies USD 7.45 13.75 6.64 11.33-0.05 8.63 8.08 6 5 6 5 5 5 5 220.16 Schroder Asian Total Return USD 8.92 13.36 12.82 15.69 2.03 6.73 5.80 5 5 5 5 5 5 5 208.65 Schroder Bric (Braz, Ru, In, Ch) USD 15.07 24.19 13.90 16.41-6.63 0.88-1.83 6 6 6 6 6 6 6 166.75 Schroder China Opportunities USD 15.12 20.09 9.54 18.23 2.98 6.96 5.02 6 6 6 6 6 6 6 271.16 Schroder Emerging Asia USD 14.82 21.62 17.23 22.37 2.37 7.66 4.40 6 6 6 6 6 6 6 27.58 Schroder Emerging Europe EUR 7.21 16.27 15.18 17.34-0.26-0.32 2.55 5 6 6 7 7 6 6 20.72 Schroder Emerging Markets USD 12.11 18.84 12.35 14.19-7.20-0.30-0.81 6 6 6 6 6 6 6 10.91 Schroder European Div Maximiser EUR -2.30 1.08-6.55-4.46-3.14 2.27 8.45 5 6 6 6 6 5 5 95.76 Schroder European Equity Yield EUR -1.20 2.77-5.64-3.84-1.53 4.36 10.20 6 6 6 6 6 6 6 14.77 Schroder European Opportunities EUR -2.46 0.52-9.42-6.15 1.51 5 5 6 6 6 105.51 Schroder European Smaller Comp. EUR 0.65 6.27-1.32 0.93 7.79 10.30 14.84 6 5 6 6 6 5 6 32.20 Schroder European Special Sits EUR 2.51 7.07 0.24 6.94 10.56 8.37 11.36 5 5 6 6 6 6 6 152.51 Schroder European Total Return EUR 1.75 5.37 0.81 4.71 4.44 4.58 4 4 5 5 5 5 123.60 Schroder Frontier Mkts Equity USD 3.84 11.93 9.27 3.59-14.10 2.11 7.56 4 4 6 5 5 5 5 124.75 Schroder Glb Climate Change Eq Eur Hdg EUR 3.91 11.37 3.25 9.17 0.02 4.24 7.76 5 5 6 6 5 5 6 10.62 Schroder Glb Em Markets Opportunities USD 11.90 17.69 10.55 13.17-9.21 0.87-1.61 5 5 6 6 6 6 6 12.20 Schroder Glb Em Markets Smaller Companies USD 10.52 19.21 13.33 16.95-1.75 5 5 6 5 5 113.33 Schroder Glb Prop. Securities EUR Hdg EUR 3.81 9.42 4.65 12.34 1.99 5.34 5.10 6 5 6 6 5 5 5 132.96 Schroder Global Climate Change Equity USD 4.50 12.39 4.06 10.18 0.54 4.63 6.89 5 5 6 6 5 5 6 11.36 Schroder Global Div Maximiser USD 3.21 8.28 3.95 5.22-1.94 3.04 6.09 5 5 5 5 5 5 5 9.36 Schroder Global Energy USD -0.35 36.72 18.72-6.66-34.07-19.24-14.79 7 7 7 7 7 7 7 14.88 Schroder Global Equity Yield USD 3.99 8.90 3.97 5.08-1.47 3.97 6.94 5 5 6 5 5 5 5 141.43 Schroder Global Property Securities USD 4.41 10.51 5.75 13.56 2.64 5.85 5.81 5 5 6 6 5 5 5 145.53 Schroder Global Recovery USD 5.02 14.24 9.03 4.00-4.94 6 6 6 6 6 106.97 Schroder Global Smaller Companies USD 2.92 11.73 5.30 6.66 2.66 7.70 9.72 5 5 6 6 5 5 5 173.01 Schroder Greater China USD 14.57 18.66 11.86 20.84 2.75 8.04 5.27 6 6 6 6 6 6 6 43.39 Schroder Hong Kong Equity HKD 10.44 15.65 5.81 11.82-2.16 3.45 4.32 6 6 6 6 6 6 6 295.65 Schroder Indian Equity USD 10.49 20.68 8.57 12.78 4.13 18.14 7.20 6 5 6 6 6 6 6 160.26 Schroder Japanese Smaller Comp. JPY -4.26-0.37-12.45-1.39 5.20 10.30 14.56 6 6 7 6 6 6 6 88.43 Schroder Korean Equity USD 4.42 10.63 6.24 12.69-10.70-3.16-3.76 6 6 6 6 6 6 6 38.77 Schroder Latin American USD 17.03 22.07 26.19 17.62-19.17-8.87-9.63 6 7 7 7 7 6 6 28.76 Schroder Middle East USD 2.13 5.65 3.94 0.97-14.35 0.35 6.46 6 6 6 6 6 6 6 10.26 Schroder Swiss Equity Opportunities USD 2.06 3.99-1.69 2.78 1.65 5.44 11.31 5 5 6 5 6 5 5 151.58 Schroder Swiss Small & Mid Cap CHF 3.68 10.54 8.88 20.19 10.41 12.34 14.50 5 4 6 5 6 5 5 34.09 Schroder Taiwanese Equity USD 10.66 13.25 13.89 15.89 1.89 7.04 6.18 6 6 6 6 6 6 6 16.10 Schroder US Small & Mid-Cap Eq Hdg EUR 2.58 12.09 9.82 9.26 6.45 10.32 12.44 4 4 6 5 5 5 5 161.95 Schroder US Small & Mid-Cap Equity USD 2.97 12.87 10.55 10.07 6.80 10.59 12.99 4 4 6 5 5 5 5 248.01 Schroder US Smaller Companies USD 4.38 13.45 7.69 8.21 4.53 7.74 11.84 4 5 6 6 5 5 5 109.20 (1) Expressed in the Fund / Sub-Fund's currency