Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Schroder US Equity Active UCITS ETF a sub-fund of Schroder ETFs ICAV Class Accumulation USD (IE0003OZJ573) This fund is managed by Schroder Investment Management (Europe) S.A., which is a member of the Schroders Group. Objectives and investment policy Objectives eligible open-ended REITs will generally, for the purposes of this limitation, be considered to be investments in Eligible Collective Investment Schemes and The fund aims to provide capital growth and income in excess of the S&P 500 so subject to the limit on investing in units or shares of Eligible Collective Index after fees have been deducted over a three-to-five-year period by Investment Schemes. Investments in closed-ended REITs will generally be investing in equity and equity related securities of North American companies. considered to be investments in transferable securities, provided that the There can be no assurance that the fund will achieve its investment objective. closed-ended REITs in which the fund may invest must: (i) be subject to Investment Policycorporate governance mechanisms which apply to companies or, in the case of The fund is actively managed and invests at least two-thirds of its assets in a contractual closed-ended funds, which are equivalent to those that apply to diversified portfolio of equity and equity related securities of North American companies; (ii) be managed by an entity which is subject to national regulation companies. The fund focuses on companies that have certain “Value” and/orfor the purpose of investor protection; and (iii) satisfy the more general “Quality” characteristics, with these two fundamental anchors driving active requirements that are applicable to transferable securities, and so subject to positioning. “Value” is assessed by looking at indicators such as cash flows,the fund's overall limits on investing in equity and equity-related securities as dividends and earnings to identify securities which the Investment Manager detailed in this section. believes have been undervalued by the market. “Quality” is assessed by The fund will seek to qualify as an “Equity Fund” for German tax purposes by looking at indicators such as a company's profitability, stability, financialinvesting at least 50% of its gross asset value in equity securities. For further strength, structural growth and governance. information, please refer to the prospectus. The fund may invest in common stock, preferred stock, real estate investment The fund may use the following financial derivative instruments with the aim of trusts (REITs) and partnership interests. The equity-related securities in which reducing risk and managing the fund more efficiently: equity index futures, the fund may invest are depositary receipts (including American Depositary currency forwards, currency futures and non-deliverable forwards. The Receipts, Global Depositary Receipts, European Depositary Receipts, and financial derivative instruments used by the fund may be traded on an Non-Voting Depositary Receipts), stapled securities (being a type of equity exchange or over-the-counter. security that consists of two or more securities that must be bought and soldBenchmark together), warrants and rights. The fund will not generally actively invest in The fund's performance should be assessed against its benchmark, being the warrants and rights but may acquire them as a result of corporate actions. The S&P 500 Index. fund may invest in such other equity and equity-related securities that are consistent with the investment objective and policy of the Fund from time to Dealing Frequency time.You may redeem your investment daily by selling your shares through a broker The fund may invest up to one-third of its assets in short-dated government on a stock exchange where the shares are traded. In normal circumstances, bonds, Eligible Collective Investment Schemes (including money market funds only Authorised Participants (certain financial institutions) may subscribe or and exchange traded funds), and term deposits with an Approved Bank for redeem shares directly with the fund. cash management purposes. The fund may also hold cash. The fund'sDistribution Policy investments in Eligible Collective Investment Schemes are subject to an This share class accumulates income received from the fund's investments, aggregate limit of 10%. In relation to the fund's investment in REITs which will meaning it is kept in the fund and its value is reflected in the price of the share not exceed the weight in the S&P 500 Index +5% of net assets, investments in class. Risk and reward profile Lower risk Higher risk Counter party risk: The fund may have contractual agreements with Potentially lower reward Potentially higher reward counterparties. If a counterparty is unable to fulfil their obligations, the sum that they owe to the fund may be lost in part or in whole. Currency risk: If the fund's investments are denominated in currencies different 1 2 3 4 5 6 7to the fund's base currency, the fund may lose value as a result of movements in foreign exchange rates, otherwise known as currency rates. If the investor The risk and reward indicatorholds a share class in a different currency to the base currency of the fund, The risk category was calculated using simulated historical performance data investors may be exposed to losses as a result of movements in currency and may not be a reliable indicator of the fund's future risk profile. rates. The fund's risk category is not guaranteed to remain fixed and may changeSustainability risk: The fund has environmental and/or social characteristics. over time. This means it may have limited exposure to some companies, industries or A fund in the lowest category does not mean a risk-free investment. sectors and may forego certain investment opportunities, or dispose of certain holdings, that do not align with its sustainability criteria chosen by the The fund is in this category because it can take higher risks in search of higherinvestment manager. The fund may invest in companies that do not reflect the rewards and its price may rise and fall accordingly. beliefs and values of any particular investor. Risk factors Share price risk: The price of shares in the Fund is determined by market Performance risk: Investment objectives express an intended result but there is supply and demand, and this may be different to the net asset value of the no guarantee that such a result will be achieved. Depending on marketFund. This means the price may be volatile, meaning the price may go up and conditions and the macro economic environment, investment objectives may down to a greater extent in response to changes in demand. become more difficult to achieve.Liquidity risk: The price of shares in the Fund is determined by market supply Derivatives risk: Derivatives, which are financial instruments deriving theirand demand, and this may be different to the net asset value of the fund. In value from an underlying asset, may be used to manage the portfolio difficult market conditions, investors may not be able to find a buyer for their efficiently. A derivative may not perform as expected, may create losses greater shares or may not get back the amount that they originally invested. Certain than the cost of the derivative and may result in losses to the fund.investments of the fund, in particular the unquoted investments, may be less Higher volatility risk: The price of this fund may be more volatile as it may take liquid and more difficult to value. In difficult market conditions, the Fund may higher risks in search of higher rewards, meaning the price may go up andnot be able to sell an investment for full value or at all and this could affect down to a greater extent performance of the fund. Market risk: The value of investments can go up and down and an investor Operational risk: Operational processes, including those related to the may not get back the amount initially invested. safekeeping of assets, may fail. This may result in losses to the fund. Charges One-off charges taken before or after you invest The charges you pay are used to pay the costs of running the fund, including the costs of marketing and distributing it. These charges reduce the potential Entry charge Nonegrowth of your investment. Exit charge NoneThe entry and exit charges shown are maximum figures and in some cases you might pay less. You can find out the actual entry and exit charges from This is the maximum that might be taken out of your money before it isyour financial advisor. invested or before the proceeds of your investment are paid out. The ongoing charges figure shown here is an estimate of the charges because the fund was launched recently and did not have a year's expenses upon Charges taken from the fund over a year which to calculate the figure. The fund's annual report for each financial year Ongoing charges 0.20% will include detail on the exact charges made. Please see the prospectus for more details about the charges. Charges taken from the fund under certain specific conditions Performance fee None Past performance %The fund was launched on 21/04/2026. The shareclass was launched on 21/04/2026. There are insufficient data to provide investors with a useful indication of the fund's past performance. Accumulation USD (IE0003OZJ573) S&P 500 Index Practical information Depositary: J.P. Morgan SE, Dublin Branch related disclosures is at www.schroders.com/remuneration-disclosures. Further information: You can get further information about this fund, A paper copy is available free of charge upon request. including the prospectus, latest annual report, any subsequent half-yearlyThe policy includes a description of how remuneration and benefits are report and the latest price of shares from the fund's management company at calculated & the identities of persons responsible for awarding the 5, rue Höhenhof, L-1736 Senningerberg, Luxembourg, and from remuneration and benefits. www.schroders.lu/kiids. They are available free of charge in English, Portfolio Transparency and Net Asset Value Publication: The net asset Flemish, French, German, Italian and Spanish. value of the share class is published daily on the following business day and is Tax Legislation: The fund is subject to the tax laws and regulation of Ireland. accessible at the registered office of the administrator and via the following You are advised to take advice concerning the possible tax implications of your website: https://www.schroders.com/en-ie/ie/individual/fund-centre/ investment in the shares. [schroders.com]. A list of the investments held by the fund is also made Liability: Schroder Investment Management (Europe) S.A. may be held liableavailable on the same site on a daily basis. solely on the basis of any statement contained in this document that is Glossary: You can find an explanation of some of the terms used in this misleading, inaccurate or inconsistent with the relevant parts of the fund's document at www.schroders.com/ukinvestor/glossary. prospectus. The "S&P 500 Index" is a product of S&P Dow Jones Indices LLC or its Umbrella fund: This fund is a sub-fund of an umbrella fund, the name of affiliates (“SPDJI”), and has been licensed for use by Schroder Investment which is at the top of this document. The prospectus and periodic reports are Management Limited. S&P®, S&P 500®, SPX®, SPY®, US 500™, The 500™, prepared for the entire umbrella fund. To protect investors, the assets and iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates liabilities of each sub-fund are segregated by law from those of other sub- (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark funds.Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use Switches: Subject to conditions, you may apply to switch your investment into by SPDJI and sublicensed for certain purposes by Schroder Investment another share class within this fund or in another Schroder fund. Please see Management Limited. Schroder ETFs ICAV – Schroder US Equity Active the prospectus for more details. UCITS ETF is not sponsored or, sold by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation Remuneration policy: A summary of Schroders' remuneration policy and regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index. This fund is authorised in Ireland and regulated by the Central Bank of Ireland. The Manager is authorised in Luxembourg and regulated by the Luxembourg Financial Markets Authority (Commission de Surveillance du Secteur Financier). This key investor information is accurate as at 21/04/2026.