Title: 242293863.pdf URL Source: https://documentscdn.financialexpress.net/Literature/D531A1330F11626AC2A942D3F1E6A9E9/242293863.pdf Number of Pages: 4 Markdown Content: > Learn more about Schroders' funds visit: schroders.co.uk/its 1 # Company Investment Objectives and Policy The Company’s investment objective is to achieve long-term capital growth by investing in biotechnology and other life sciences companies. The latest Annual Report includes the investment policy which you should read in conjunction with the KID before investing, these are available on our Schroders website. Above is the Investment Objective of the fund. For details on the fund’s Investment Policy please see the KID. Relevant risk as associated with this Company are shown overleaf and should be carefully considered before making any investment. Past Performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested. Exchange rate changes may cause the value of investments to fall as well as rise. Performance data does not take into account any commissions and costs, if any, charged when units or shares of any fund, as applicable, are issued and redeemed. # Performance Performance (%) YTD 1 month 3 months 6 months Share Price -0.6 8.4 4.4 13.2 Net Asset Value 4.1 3.0 8.7 11.2 Reference Index 1.8 -2.6 1.3 5.9 Performance (%) 1 year 3 years p.a. 5 years p.a. 10 years p.a. Share Price 62.3 17.9 9.8 12.7 Net Asset Value 58.6 18.8 11.5 12.2 Reference Index 36.2 9.9 5.0 9.2 Discrete yearly performance (%) Apr 16 - Apr 17 Apr 17 - Apr 18 Apr 18 - Apr 19 Apr 19 - Apr 20 Apr 20 - Apr 21 Apr 21 - Apr 22 Apr 22 - Apr 23 Apr 23 - Apr 24 Apr 24 - Apr 25 Apr 25 - Apr 26 Share Price 39.2 -1.2 17.8 12.2 13.5 -11.2 9.9 -3.3 4.3 62.3 Net Asset Value 32.6 -4.5 9.9 18.6 11.0 -9.2 13.4 0.1 5.5 58.6 Reference Index 26.3 -1.4 9.1 21.3 14.3 -14.1 12.1 0.6 -3.2 36.2 # Performance over 5 years > Nav per share Share Price NASDAQ Biotechnology TR GBP > Jan-22 Jan-23 Jan-24 Jan-25 Jan-26 -25.0% 0.0% 25.0% 50.0% 75.0% 100.0% Source: Morningstar, net income reinvested, net of ongoing charges and portfolio costs and where applicable, performance fees, in GBP. The five year performance reflects ex income performance. We have reflected cum income since the managers inception in the table above. # Ratings and accreditation Please refer to the Source and ratings information section for details on the icons shown above. # Company facts Fund manager Ailsa Craig Marek Poszepczynski Managed company since 01.11.2006 ; 02.09.2013 Alternative Investment Fund Manager Schroders Unit Trusts Limited Domicile United Kingdom Company launch date 06.05.1994 Company base currency GBP NAV (Million) GBP 345.05 Number of holdings 76 Reference Index NASDAQ Biotechnology TR GBP Share Price GBX 958.00 NAV per Share GBX 1,050.12 Premium/Discount to NAV -8.77% Distribution frequency Semi-Annually Net Gearing (%) 1Pay Dates 25.08.2023 - GBX 14.20 27.01.2023 - GBX 14.00 26.08.2022 - GBX 15.70 28.01.2022 - GBX 15.70 Ex-Dates 27.07.2023 ; 29.12.2022 ; 04.08.2022 ; 30.12.2021 Dividend Yield (%) 3.3 Where gearing is shown as negative, this reflects net cash. # Fees & expenses Performance fee 10% of the relative outperformance of the Quoted portfolio* against the Reference Index (benchmark) plus a 0.5% hurdle. - Maximum performance fee in any one year of 1.25% of average net assets, subject to various exclusions and limits. *The aggregated cost estimation above includes the average over the last 3 years. Ongoing charge 1.20% Learn more about Schroders' funds visit: schroders.co.uk/its 2 # 10 year return of GBP 10,000 > International Biotechnology Trust NASDAQ Biotechnology TR GBP > Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Jan-22 Jan-23 Jan-24 Jan-25 Jan-26 5,000 10,000 15,000 20,000 25,000 30,000 35,000 -50.0% 0.0% 50.0% 100.0% 150.0% 200.0% 250.0% The chart is for illustrative purposes only and does not reflect an actual return on any investment. Returns are based on the share price. Share price performance figures are calculated on a mid-market basis in GBP with income reinvested on the ex-dividend date. # Risk considerations Capital erosion: Where fees are charged to capital instead of income, or a fixed distribution amount is paid regardless of the Company’s performance, there is the potential that performance or capital value may be eroded. Concentration risk: The Company may be concentrated in a limited number of geographical regions, industry sectors, markets and/or individual positions. This may result in large changes in the value of the company, both up or down. Gearing risk: The Company may borrow money to make further investments, this is known as gearing. Gearing will increase returns if the value of the investments purchased increase by more than the cost of borrowing, or reduce returns if they fail to do so. In falling markets, the whole of the value in such investments could be lost, which would result in losses to the Company. Liquidity Risk: The price of shares in the Company is determined by market supply and demand, and this may be different to the net asset value of the Company. In difficult market conditions, investors may not be able to find a buyer for their shares or may not get back the amount that they originally invested. Certain investments of the Company, in particular the unquoted investments, may be less liquid and more difficult to value. In difficult market conditions, the Company may not be able to sell an investment for full value or at all and this could affect performance of the Company. Market Risk: The value of investments can go up and down and an investor may not get back the amount initially invested. Operational risk: Operational processes, including those related to the safekeeping of assets, may fail. This may result in losses to the Company. Performance risk: Investment objectives express an intended result but there is no guarantee that such a result will be achieved. Depending on market conditions and the macro economic environment, investment objectives may become more difficult to achieve. Share price risk: The price of shares in the Company is determined by market supply and demand, and this may be different to the net asset value of the Company. This means the price may be volatile, meaning the price may go up and down to a greater extent in response to changes in demand. Smaller companies risk: Smaller companies generally carry greater liquidity risk than larger companies, meaning they are harder to buy and sell, and they may also fluctuate in value to a greater extent. # Codes ISIN GB0004559349 Bloomberg IBT LN SEDOL 0455934 LSE ticker IBT LOWER RISK > Potentially lower reward HIGHER RISK > Potentially higher reward # Summary risk indicator (SRI) 1 2 3 4 5 6 7 The risk category was calculated using historical performance data (or indicative fund performance during periods of suspension) and may not be a reliable indicator of the fund’s future risk profile. The fund’s risk category is not guaranteed to remain fixed. Please see the Key Information Document for more information. Learn more about Schroders' funds visit: schroders.co.uk/its 3 # Asset allocation # Sector (%) > Company > Rare Diseases Oncology Endocrinology Metabolic Auto-Immune Venture funds CNS Pulmonary Cardiology Cell Therapy Ophthalmology > 32.0 14.0 10.4 9.9 8.1 6.2 5.8 5.7 3.9 3.7 0.4 > 0% 5% 10% 15% 20% 25% 30% # Geographical breakdown (%) > Company > United States United Kingdom Netherlands Denmark China Other Canada Germany > 82.3 5.8 3.5 3.3 1.8 1.5 1.0 0.7 > 0% 10% 20% 30% 40% 50% 60% 70% 80% # Top 10 holdings (%) Holding name % SOLENO THERAPEUTICS INC 6.8 MADRIGAL PHARMACEUTICALS INC 4.3 VERA THERAPEUTICS INC CLASS A 3.9 ALNYLAM PHARMACEUTICALS INC 3.6 NEUROCRINE BIOSCIENCES INC 3.5 TRAVERE THERAPEUTICS INC 3.2 ASCENDIS PHARMA 3.1 PTC THERAPEUTICS INC 3.0 INSMED INC 3.0 CRINETICS PHARMACEUTICALS INC 2.9 Source: Schroders. Top holdings and asset allocation are at company level. Number of holdings represent Quoted holdings only. # Contact information Schroder Unit Trusts Ltd 1 London Wall Place London United Kingdom EC2Y 5AU Tel: +44 (0)20 7658 6000 For your security, communications may be recorded or monitored. # Information relating to changes in fund manager, investment objective, benchmark and corporate action information Benchmark names in this document may be abbreviated. Please refer to the Company's legal documents for the full benchmark name. The investment manager invests on a discretionary basis and there are no restrictions on the extent to which the Company's portfolio and performance may deviate from the benchmark. The investment manager will invest in companies or sectors not included in the benchmark in order to take advantage of specific investment opportunities. Learn more about Schroders' funds visit: schroders.co.uk/its 4 # Important information Costs: Certain costs associated with your investment in the Company may be incurred in a different currency to that of your investment. These costs may increase or decrease as a result of currency and exchange rate fluctuations. If a performance fee is applicable to this fund, details of the performance fee model and its computation methodology can be found in the Company's accounts. This includes a description of the performance fee calculation methodology, the dates on which the performance fee is paid and details of how the performance fee is calculated in relation to the fund’s performance fee benchmark, which may differ from the benchmark in the Company's investment objective or investment policy. For further information regarding the costs and charges associated with your investment, please consult the Company's offering documents and annual report. General: The Board has appointed Schroder Unit Trusts Limited as Alternative Investment Fund Manager, and to prepare this Factsheet. This factsheet should not be taken as any indication the Company held any particular investments at any particular date other than the stated date. Nothing in this factsheet should be construed as advice and is therefore not a recommendation to buy or sell shares. If you are interested in this Company you should contact your usual financial adviser before making any investment decision. In addition you can contact one of our Investor Services team on 0800 182 2399 for further information. Please note that Schroders is unable to give you specific investment advice. For investors' security calls to this number may be recorded. The data contained in this document has been sourced by Schroders and should be independently verified before further publication or use. Issued by Schroder Unit Trusts Limited, 1 London Wall Place, London EC2Y 5AU. Registered No: 4191730 England. Authorised and regulated by the Financial Conduct Authority. Nothing in this factsheet should be construed as advice and is therefore not a recommendation to buy or sell shares. If you are interested in this fund you should contact your usual financial adviser before making any investment decision. Please note that Schroders is unable to give you specific investment advice. For investors' security calls to this number may be recorded. Subscriptions for company shares can only be made on the basis of its latest Key Investor Document and Accounts, together with the latest audited annual report (and subsequent unaudited semi-annual report), copies are available in English and can be obtained, free of charge, from Schroder Investment Management Limited. Morningstar Rating: © Morningstar 2025. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. For further information, please go to Morningstar Ratings Further Information.