Key Information Document Purpose This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products. Product Schroder US Equity Active UCITS ETF a sub-fund of SCHRODER ETFs ICAV Accumulation USD (IE0003OZJ573) This product is managed by Schroder Investment Management (Europe) S.A, a member of the Schroders Group. For more information on this product, please refer to www.schroders.com or call +352 341 342 212. Commission de Surveillance du Secteur Financier (CSSF) is responsible for supervising Schroder Investment Management (Europe) S.A. in relation to this Key Information Document. Schroder Investment Management (Europe) S.A. is authorised in Luxembourg and regulated by the CSSF. The fund is registered in Ireland and authorised by the Central Bank of Ireland. This document was produced on 21/04/2026. What is this product? Type(i) be subject to corporate governance mechanisms which apply to This is an open ended UCITS ETF.companies or, in the case of contractual closed-ended funds, which are Termequivalent to those that apply to companies; (ii) be managed by an entity which is subject to national regulation for the purpose of investor The fund is established for an unlimited period. In certain circumstances protection; and (iii) satisfy the more general requirements that are the fund may be unilaterally terminated in accordance with legalapplicable to transferable securities, and so subject to the fund's overall requirements. limits on investing in equity and equity-related securities as detailed in Investment objectivethis section. The fund will seek to qualify as an “Equity Fund” for German The fund aims to provide capital growth and income in excess of the S&P tax purposes by investing at least 50% of its gross asset value in equity 500 Index after fees have been deducted over a three-to-five-year periodsecurities. For further information, please refer to the section below titled by investing in equity and equity related securities of North American “German Taxation”. companies. There can be no assurance that the fund will achieve its The fund may use the following financial derivative instruments with the investment objective. aim of reducing risk and managing the fund more efficiently: equity index The fund is actively managed and invests at least two-thirds of its assets in futures, currency forwards, currency futures and non-deliverable a diversified portfolio of equity and equity related securities of Northforwards. The financial derivative instruments used by the fund may be American companies. The fund focuses on companies that have certain traded on an exchange or over the counter. “Value” and/or “Quality” characteristics, with these two fundamentalRecommendation: Investors should seek independent advice or satisfy anchors driving active positioning. “Value” is assessed by looking at themselves that they have an understanding of the strategies and indicators such as cash flows, dividends and earnings to identify securitiestechniques employed by the manager. which the investment manager believes have been undervalued by the Benchmark: The fund's performance should be assessed against its market. “Quality” is assessed by looking at indicators such as a company's benchmark, being the S&P 500 index. profitability, stability, financial strength, structural growth and governance. Currency: The sub-fund currency is USD. The share class currency is USD. The fund may invest in common stock, preferred stock, real estate Dealing Frequency: You may redeem your investment daily by selling investment trusts (REITs) and partnership interests. The equity-related your shares through a broker on a stock exchange where the shares are securities in which the fund may invest are depositary receipts (including traded. In normal circumstances, only Authorised Participants (certain American Depositary Receipts, Global Depositary Receipts, European financial institutions) may subscribe or redeem shares directly with the Depositary Receipts, and Non-Voting Depositary Receipts), stapled fund. securities (being a type of equity security that consists of two or moreDistribution Policy: This share class accumulates income received from securities that must be bought and sold together), warrants and rights. the fund's investments, meaning it is kept in the fund and its value is The fund will not generally actively invest in warrants and rights but may reflected in the price of the share class. acquire them as a result of corporate actions. The fund may invest in such Depositary: J.P. Morgan SE – Dublin Branch other equity and equity-related securities that are consistent with the Intended retail investor investment objective and policy of the fund from time to time The fund may be suitable for investors who are more concerned with The fund may invest up to one-third of its assets in short-datedmaximising long term returns than minimising possible short term losses. government bonds, Eligible Collective Investment Schemes (including The fund is intended for retail investors who have a basic investment money market funds and exchange traded funds), and term deposits with knowledge and an ability to bear large short-term losses. This investment an Approved Bank for cash management purposes. The fund may alsoshould form part of a varied investment portfolio. This fund is suitable for hold cash. The fund's investments in Eligible Collective Investment general sale to retail and professional investors through all distribution Schemes are subject to an aggregate limit of 10%. channels with or without professional advice. In relation to the fund's investment in REITs which will not exceed the weight in the S&P 500 Index +5% of net assets, investments in eligible You can get further information about this fund, including the prospectus, open-ended REITs will generally, for the purposes of this limitation, belatest annual report, any subsequent half-yearly report and the latest considered to be investments in Eligible Collective Investment Schemes price of shares from the fund's management company at 5, rue and so subject to the limit on investing in units or shares of Eligible Höhenhof, L-1736 Senningerberg, Luxembourg, andfrom Collective Investment Schemes. Investments in closed-ended REITs will www.schroders.com/kiids. They are available free of charge in English, generally be considered to be investments in transferable securities, Flemish, French, German, Italian and Spanish. provided that the closed-ended REITs in which the fund may invest must: What are the risks and what could I get in return? Risks We have classified this product as 4 out of 7, which is a medium risk class.The fund is in this category because it can take higher risks in search of1 2 3 4 5 6 7 higher rewards and its price may rise and fall accordingly.Be aware of currency risk. In some circumstances you may receivepayments in a different currency, so the final return you will get maydepend on the exchange rate between the two currencies. This risk is not Lower riskHigher risk considered in the indicator shown above.The risk indicator assumes you keep the product for 5 years.This product does not include any protection from future market! The summary risk indicator is a guide to the level of risk ofthis product compared to other products. It shows how likelyperformance so you could lose some or all of your investment.You can find more information about the other risks in the prospectus at it is that the product will lose money because of movements in the market www.schroders.com. or because we are not able to pay you. Performance Scenarios Recommended holding period: 5 years Example Investment: USD 10000 If you exit after 1 If you exit after 5year years Scenarios Minimum There is no minimum guaranteed return. You could lose some or all of your investment. What you might get back after costs USD 4270 USD 3710 Stress Average return each year -57.3% -18.0% What you might get back after costs USD 6910 USD 8550 Unfavourable Average return each year -30.9% -3.1% What you might get back after costs USD 10930USD 12130 Moderate Average return each year 9.3% 3.9% What you might get back after costs USD 15840USD 19140 Favourable Average return each year 58.4%13.9% The figures shown include all the costs of the product itself, but may not shown are illustrations based on results from the past and on certain include all the costs that you pay to your advisor or distributor. The assumptions. figures do not take into account your personal tax situation, which mayThe stress scenario shows what you might get back in extreme market also affect how much you get back. circumstances. What you will get from this product depends on future market The Unfavourable scenario was simulated based on the appropriate performance. Market developments in the future are uncertain and benchmark used for an investment between 11 2024 to 02 2026 cannot be accurately predicted.The Moderate scenario was simulated based on the appropriate The unfavourable, moderate, and favourable scenarios shown are benchmark used for an investment between 06 2019 to 06 2024 illustrations using the worst, average, and best performance of theThe Favourable scenario was simulated based on the appropriate product and suitable benchmark over the last 10 years. The scenarios benchmark used for an investment between 03 2020 to 03 2025 What happens if Schroder Investment Management (Europe) S.A. is unable to pay out? The fund's assets are held in safekeeping by its depositary, so the fund's ability to pay out would not be affected by the insolvency of Schroder Investment Management (Europe) S.A. In addition, the fund's assets are segregated from the depositary's assets, which limits the risk of the fund suffering loss in case of default or insolvency of the depositary or someone acting on its behalf. However in the event of any loss, there is no compensation or guarantee scheme in place which may offset such loss. What are the costs? Costs over time The tables show the amounts that are taken from your investment to cover different types of costs. These amounts depend on how much you invest, how long you hold the product and how well the product does. The amounts shown here are illustrations based on an example investment amount and different possible investment periods. If you exit after 1 year If you exit after 5 years Total costsUSD 27USD 201 Annual cost impact (*) 0.3% 0.3% each year *This illustrates how costs reduce your return each year over the holding period. For example it shows that if you exit at the recommended holding period your average return per year is projected to be 4.2% before costs and 3.9% after costs. The person advising on or selling you this product may charge you other costs. If so, this person will provide you with information about these costs and how they affect your investment. Composition of costsIf you exit after 1 One-off costs upon entry or exit year Entry costs We do not charge an entry fee. USD 0 We do not charge an exit fee for this product, but the person selling you the product may Exit costsUSD 0 do so. Ongoing costs taken each year Management fees and other These costs are an estimate based on actual costs over the last year that we take each year administrative or operating USD 20 for managing your investments. [0.20%] costs This is an estimate of the costs incurred when we buy and sell the underlying investments Transaction costs for the product. The actual amount will vary depending on how much we buy and sell. USD 7 [0.07%] Incidental costs taken under specific conditions Performance fees There is no performance fee for this product. USD 0 How long should I hold it and can I take money out early? The minimum recommended holding period is 5 years. Investors should not view this as a short term investment. However, you can redeem your investment daily by selling your shares in the fund through a broker on a stock exchange where the shares are traded. In normal circumstances, only Authorised Participants (certain financial institutions) may subscribe or redeem shares directly with the fund. How can I complain? Should you wish to complain about the fund or any aspect of the service provided to you by Schroders, you may contact the Compliance Officer, Schroder Investment Management (Europe) S.A., at 5, rue Höhenhof, L-1736 Senningerberg, Luxembourg or submit your complaint via the contact form on our website, www.schroders.com or email on EUSIM-Compliance@Schroders.com. Other relevant information Depending on how you buy these shares you may incur other costs, including broker commission, platform fees and Stamp Duty. The distributor will provide you with additional documents where necessary. The "S&P 500 Index" is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by Schroder Investment Management Limited. S&P®, S&P 500®, SPX®, SPY®, US 500™, The 500™, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Schroder Investment Management Limited. Schroder ETFs ICAV – Schroder US Equity Active UCITS ETF is not sponsored or, sold by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation 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. Portfolio Transparency and Net Asset Value Publication: The net asset value of the share class is published daily on the following business day and is accessible at the registered office of the administrator and via the following website: https://www.schroders.com/en-ie/ie/individual/fund-centre/ [schroders.com]. A list of the investments held by the fund is also made available on the same site on a daily basis. Tax legislation:The fund is subject to the tax laws and regulation of Ireland. You are advised to take advice concerning the possible tax implications of your investment in the shares. The fund has environmental and/or social characteristics (within the meaning of Article 8 SFDR). This means it may have limited exposure to some companies, industries or sectors and may forego certain investment opportunities, or dispose of certain holdings, that do not align with its sustainability criteria chosen by the investment manager. The fund may invest in companies that do not reflect the beliefs and values of any particular investor. Umbrella Fund:This fund is a sub-fund of an umbrella fund, the name of which is at the top of this document. The prospectus and periodic reports are prepared for the entire umbrella fund. To protect investors, the assets and liabilities of each sub-fund are segregated by law from those of other sub- funds. This Key Information Document is updated at least every 12 months, unless there are any ad-hoc changes. The cost, performance and risk calculations included in this Key Information Document follow the methodology prescribed by EU rules. You can view the past performance chart (over the last 0 years) and the historical performance scenarios data at: www.schroderspriips.com/en-ie/ie/ priips/gfc