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No offer to the public to purchase the fund will be made in Thailand.

Schroder SSF Fixed Maturity Bond 2023 and selected funds from Schroder
Investment Management are available for direct offshore distribution at Citibank Thailand and are exclusively for Citigold clients.
For More information, please contact Citigold Hotline Service at 02-081-0999.

Schroder SSF1
Fixed Maturity Bond 2023 (I)
Product Term Sheet
Fund Features
Fund Name1 Schroder SSF Fixed Maturity Bond 2023 (I)

Product Type Fixed Income

Structure and Domicile Luxembourg domiciled open-ended investment company (UCITS)

Investment Manager Schroder Investment Management North America Inc.

Base Portfolio Currency USD

Required Share Classes A Dis USD, A Acc USD, A Dis SGD-H

Minimum Initial Amount Class A: USD 1,000 or its equivalent

Subscription No subscriptions will be accepted after the end of the Initial Offer Period

Indicative Initial Offer Period 25 February 2019 - 21 March 2019

Redemption Frequency Daily. However, the Fund is designed to be held to maturity and investors should be
prepared to remain invested until the Fund matures.

Early Redemption Charge Nil

Tenor 4 year tenor, with a maximum of 15% allocation to bonds maturing beyond the Fund’s
Expected Maturity Date (but no longer than 29 March 2024).

Indicative Inception Date 21 March 2019

Expected Maturity Date 21 March 2023

Investment Objective The fund aims to provide income over a four year period by investing in USD
denominated fixed and floating rate securities issued by companies, governments,
government agencies, and supra-nationals worldwide. The income distribution is based
on the yield to maturity of the fixed income securities within the portfolio.

Distribution Policy Quarterly, Variable

Non-Investment Grade Limit Maximum 30% of portfolio at inception

Average Portfolio Rating Portfolio credit rating BBB (split to higher) (average investment grade)
(at inception)

Minimum Credit Issue Rating Minimum rating per issuer B- (split to higher) at inception

Currency Of Issues USD-denominated bonds only, no local currencies

Anticipated number of holdings 71

Asset Allocation Developed Market Bonds: Target 30% allocation of initial portfolio at inception
Emerging Market Bonds: Target 70% allocation of initial portfolio at inception
Single Issuer Limit  Sovereign: Maximum 5%
 Corporate: Maximum 2%
(% of the portfolio at inception)
1
Schroder Special Situations Fund – Fixed Maturity Bond 2023 (I)
No offer to the public to purchase the fund will be made in Thailand. Schroder SSF Fixed Maturity Bond 2023 and selected funds from Schroder
Investment Management are available for direct offshore distribution at Citibank Thailand and are exclusively for Citigold clients.
For More information, please contact Citigold Hotline Service at 02-081-0999.

Indicative Portfolio Characteristics (as at 28 February 2019)

Characteristics – Indicative portfolio as at 28 February 2019.

The actual portfolio will only be determined upon inception of the Fund and may have different characteristics and
allocations compared to what is presented below.

Net Distribution Yield1 4.65%

Average portfolio rating2 BBB


Average portfolio duration 3.46 years
Average portfolio maturity 3.84 years
Spread 292
Country count 25
Currency exposure 100% USD

Geographical breakdown (by market value %) Credit rating breakdown (by market value %)

30% 28.4%

B, 8.0%
25% A- or
above,
20.5%
20.3%
20% 17.6% BB, 21.0%
15.0%
15%
10.8%
10% 7.9%

5% BBB, 50.8%

0%
North Europe Latam Asia Middle Africa
America East

Sector breakdown (by market value %) Maturity breakdown (by market value %)

90%

80% 76.8%

20.3% 70%
31.3%
60%

50%

40%
8.7%
39.8% 30%

20% 15.0%
8.2%
10%

Sovereign Bonds (IG) Sovereign Bonds (non IG) 0%


Corporate Bonds (IG) Corporate Bonds (non IG) < 3 years 3 - 4 years 4+ years
No offer to the public to purchase the fund will be made in Thailand. Schroder SSF Fixed Maturity Bond 2023 and selected funds from Schroder
Investment Management are available for direct offshore distribution at Citibank Thailand and are exclusively for Citigold clients.
For More information, please contact Citigold Hotline Service at 02-081-0999.

Source: Schroders, as at 28 February 2019. Figures may not add up to 100% due to rounding differences. Portfolio characteristics
may differ and could change over the course of the life of the Fund. 1Distributions at a variable number of cents per unit per
annum of the Schroder SSF Fixed Maturity Bond 2023 (I) (the “Fund”) will be declared quarterly. Distribution yield percentages are
with reference to the initial offer price of the Class A USD share classes. Net distribution yield are net of fees and charges, currently
expensed at 0.52% p.a. of the net asset value of the Fund plus an additional charge for transacting the bonds in the portfolio and
are not guaranteed and might be changed at the Manager’s discretion in accordance with the Prospectus. Ordinarily, they will be
reviewed annually. In the event of the Fund’s income and realised gains being less than the intended distribution, distributions
may be made from capital. Investors will have to hold their investments in the Fund for the entire period before they can expect to
receive their investments adjusted for fees, transaction costs, credit events and the redemption value of the bonds in the portfolio.
There is no guarantee on the initial investment, and investors may lose part or all of their investment in the Fund, including
potential credit default by the debt issuers, potential trading losses when replacing/liquidating the Fund’s holdings, adverse
political, market or economic developments, or if distributions are paid out of capital (these events are not exhaustive). Investors
may not get back the full principal amount invested. 2Average portfolio rating is based on the higher credit rating by Standard
and Poor’s, Moody’s or Fitch Ratings at portfolio inception.
No offer to the public to purchase the fund will be made in Thailand. Schroder SSF Fixed Maturity Bond 2023 and selected funds from Schroder
Investment Management are available for direct offshore distribution at Citibank Thailand and are exclusively for Citigold clients.
For More information, please contact Citigold Hotline Service at 02-081-0999.

Distribution Policy

Net Distribution Yield / Potential Payout (Not guaranteed and may be paid out of capital)
• Class A (Dis) USD (assuming an OGC of 0.52% p.a.):

Indicative record dates for A Dis USD class

Investors may receive an indicative total of 18.6% cumulative payout + initial investment
by maturity date, assuming no occurrence of credit events and reinvestment risk**

Source: Schroders, as at 28 February 2019. The actual portfolio composition and characteristics will only
be determined upon inception of the Fund and may differ from what is presented in this document.
# The above percentages are for illustration purposes only and may not be indicative of the actual
return or payout achieved by investors. Distributions for the Fund will be declared quarterly at a
variable number of cents per unit. Distribution amounts for each quarter will be determined based
on the amount of interest income received by the Fund during that quarter. There is no assurance
that any projection, estimate or forecast shown above will be realised. The distributions are assumed
to be net of fees and charges, currently expensed at 0.52% p.a. (for Class A (Dis) USD) plus any additional
charges for transacting the bonds in the portfolio and are not guaranteed and might be changed at the
Manager’s discretion in accordance with the Prospectus. In the event of the Fund’s income and realised
gains being less than the intended distribution, distributions may be made from capital.

**Investors will have to hold their investments in the Fund for the entire investment tenure till maturity
date before they can expect to receive their investments adjusted for fees, transaction costs, credit events
and the redemption value of the bonds in the portfolio. The projected distribution amounts are based
on the assumption that any income and/or maturity proceeds received by the Fund will be
reinvested in money market instruments at a 2.75% annualized yield. There is no guarantee on the
initial investment, and investors may lose part or all of their investment in the Fund, including
potential credit default by the debt issuers, potential trading losses when replacing/liquidating the
Fund’s holdings, adverse political, market or economic developments or if distributions are paid out
of capital (these events are not exhaustive). Investors may not get back the full principal amount
invested. The above is for illustration purposes only and actual payouts can differ from the example. Dates
shown above are indicative record dates for quarterly distribution payouts. These dates may be subject to
changes at the Manager’s discretion.
No offer to the public to purchase the fund will be made in Thailand. Schroder SSF Fixed Maturity Bond 2023 and selected funds from Schroder
Investment Management are available for direct offshore distribution at Citibank Thailand and are exclusively for Citigold clients.
For More information, please contact Citigold Hotline Service at 02-081-0999.

Fees and Charges


Annual Management Fee Class A: 0.42% p.a.
Ongoing charges to be capped at 52bps at US$100m AUM

Sales Charge Up to 2%
Early Redemption Charge N.A.
Swing Pricing Mechanism * Up to 2.00% for any early redemptions; 0% threshold to be applied for swing
pricing mechanism to kick in.

* The Fund may suffer a reduction in value as a result of the transaction costs incurred in the sale of its underlying investme nts and the
spread between the buying and selling prices of such investments caused by redemptions out of the Fund. This is known as “dilution”. In
order to counter this and to protect unitholders’ interests, the Management Company reserves the right to make “dilution adjustment” /
‘Swing Pricing” as part of its daily valuation policy. Where a dilution adjustment is made, it will typically decrease the Net Asset Value per
Share when there are net outflows. The Net Asset Value per Share of each Share Class in the Fund will be calculated separately but any
dilution adjustment will, in percentage terms, affect the Net Asset Value per Share of each Share Class identically. Because the dilution
adjustment for the Fund will be calculated by reference to the costs of dealing in the underlying investments of the Fund, including any
dealing spreads, which can vary with market conditions, this means that the amount of the dilution adjustment can vary over time but will
not exceed 2% of the relevant Net Asset Value.

Operations
Trustee N.A
Custodian J.P. Morgan Bank Luxembourg S.A.
Auditor PricewaterhouseCoopers LLP
No offer to the public to purchase the fund will be made in Thailand. Schroder SSF Fixed Maturity Bond 2023 and selected funds from Schroder
Investment Management are available for direct offshore distribution at Citibank Thailand and are exclusively for Citigold clients.
For More information, please contact Citigold Hotline Service at 02-081-0999.

Disclaimer (for Citigold Clients in Thailand Only)

This fund is not registered for offering in Thailand and has not been approved the Securities and Exchange Commission, and
not available to Thailand retail public.

Any security(s) mentioned above is for illustrative purposes only, not a recommendation to invest or divest.
This document is intended to be for information purposes only and it is not intended as promotional material in any respect.
The views and opinions contained herein are those of the author(s), and do not necessarily represent views expressed or
reflected in other Schroders communications, strategies or funds. The material is not intended to provide, and should not be
relied on for investment advice or recommendation. Opinions stated are matters of judgment, which may change. Information
herein is believed to be reliable, but Schroder Investment Management (Singapore) Ltd does not warrant its completeness or
accuracy.

This document has not been approved by the Securities and Exchange Commission which takes no responsibility for its
contents. No offer to the public to purchase any fund will be made in Thailand and this document is intended to be read
internally only and must not be passed to, issued to, or shown to the public generally. Schroder Investment Management
(Singapore) Ltd does not have any intention to solicit you for any investment or subscription in any fund and any such
solicitation or marketing will be made by an entity permitted by applicable laws and regulations.

This document is prepared exclusively for the benefit and internal use for Citibank Thailand in order to indicate, on a
preliminary basis, the feasibility of a possible transaction or transactions and does not carry any right of publication or
disclosure to any other party.

The information in this document is based on management forecasts and reflects prevailing conditions and our views as of this
date, all of which are accordingly subject to change. In preparing this presentation, we have relied upon and assumed, without
independent verification, the accuracy and completeness of all information available from public sources or which was
provided to us by or on behalf of the potential investor or which was otherwise reviewed by us.

Past performance and any forecasts are not necessarily a guide to future or likely performance. You should remember that the
value of investments and income from them can go down as well as up and is not guaranteed. Exchange rate changes may
cause the value of the overseas investments to rise or fall.

Potential investors should be aware that such investments involve market risk and should be regarded as long-term
investments.

Funds are not registered for offering in Thailand. For illustration purposes only

Derivatives carry a high degree of risk and should only be considered by sophisticated investors.

This document is for information purposes only. It is not intended as promotional material in any respect and may not be
circulated, published, reproduced or distributed to any other person without our prior written consent. This document is not an
offer or solicitation for the purchase or sale of any financial instrument described herein, and is not intended to provide a basis
for evaluation or assessment of the instruments described. This document is not intended to provide, and should not be relied
on for, accounting, legal or tax advice, or investment recommendations.

No offer to the public to purchase the fund will be made in Thailand. Schroder SSF Fixed Maturity Bond 2023 and selected
funds from Schroder Investment Management (Singapore) Ltd are available for direct offshore distribution at Citibank Thailand
and are exclusively for Citigold clients. For More information, please contact Citigold Hotline Service at 02-081-0999.

Schroder Investment Management (Singapore) Ltd


138 Market Street, #23-01, CapitaGreen, Singapore 048946
Telephone: +65 6800 7000 (General)
Registration No.: 199201080H