Schroders Launches Its First U.S. Autocallable Income ETF, Partners with CAIS to Broaden Advisor Reach

Global asset manager Schroders today announced the launch of the Schroders U.S. Autocallable Ladder Income ETF (TICKER: SALI), an exchange-traded fund (ETF) that seeks to deliver monthly income through exposure to a broad-based, laddered portfolio of autocallable structures - with risk management embedded into the strategy design. The ETF will be marketed and supported in partnership with CAIS, a leading alternative investment platform for independent financial advisors. Schroders partnered with SEI's Advisors' Inner Circle Fund^® (AIC) platform to launch the U.S. Autocallable Ladder Income ETF.

SALI is designed for advisors seeking a differentiated source of portfolio income linked to equity market dynamics, with an approach intended to reduce common implementation challenges historically associated with individual structured notes - such as sourcing and monitoring multiple positions, managing reinvestment timing, and scaling across client portfolios. The strategy's design seeks to balance income generation with disciplined risk management, reflecting Schroders' view that long-term portfolio outcomes depend on both objectives. By providing access through a single, standardized ETF vehicle with daily liquidity and transparency, Schroders aims to make autocallable strategies more accessible, transparent and scalable for financial advisors to incorporate into client portfolios.

"Autocallable strategies can offer meaningful income potential, but outcomes are heavily influenced by the rules beneath the surface - especially when volatility rises," said Max Guimond, Head of North American Solutions at Schroders. "SALI was built around a proprietary, purpose-built index framework that puts a premium on disciplined risk management alongside income generation, with systematic laddering and reinvestment designed to support a more resilient portfolio implementation."

SALI uses the proprietary Bloomberg Schroders US Large Cap Autocallable Index, developed to reflect the performance of a laddered portfolio of synthetic autocallable structures linked to an underlying U.S. large cap equity index. The index is designed to support the full lifecycle of an autocallable portfolio, integrating income generation, risk management, systematic laddering and defined reinvestment rules into a cohesive portfolio approach rather than a collection of individual autocallable positions.

The index was developed by Schroders and is independently calculated and administered by Bloomberg, combining Schroders' proprietary portfolio construction and risk management expertise with independent index governance.

Additional features of the strategy include:

• Laddered exposure: New autocallable positions are added systematically over time, helping diversify entry points and reduce reliance on any single market environment.
• Volatility-aware design: The underlying reference index incorporates Schroders' Adaptive Risk Control technology, with intraday rebalancing, which dynamically adjusts equity exposure in response to changing market conditions.
• More gradual downside profile: The strategy uses a buffer design designed to create a more gradual and transparent downside profile.
• Systematic reinvestment: Proceeds from called or matured positions are reinvested according to defined rules, helping maintain consistent exposure over time.
• Tax-efficient distribution potential: As an ETF, SALI may support tax-efficient implementation, including the potential for a portion of distributions to be characterized as return of capital (depending on the fund's underlying sources of return and year-end tax reporting).

"As the ETF market continues to evolve and attract new entrants, we believe long-term differentiation will come from proven investment capabilities and the ability to deliver distinctive outcomes, rather than simply packaging existing exposures in a new wrapper," said Tom Darnowski, CEO, Americas, Schroders. "SALI builds on Schroders' global experience in derivatives-based income and solutions, applying capabilities we have developed across markets alongside our risk management expertise to bring a differentiated approach to the U.S. ETF market."

The launch comes as advisors increasingly look beyond traditional income sources in search of more diversified portfolio solutions. According to Schroders' Global Investor Insights Survey 2026, 55% of North American wealth managers are seeking a more holistic, cross-asset approach to income generation. Within that context, autocallable ETFs are gaining attention as a differentiated source of income that can complement traditional fixed income and equity allocations.

"Advisors are increasingly looking for new ways to scale their access to structured investments, and CAIS has spent years building the platform infrastructure to make that possible," said Marc Premselaar, Head of Capital Markets at CAIS. "Our relationship with Schroders reflects exactly that mission, and we're excited to help bring Schroders' distinct investment approach to advisors in an ETF structure many already understand and use."

Schroders' Risk Managed Investments team manages approximately $44 billion (as of June 30, 2026) in risk managed investment strategies and brings deep expertise in systematic investing, derivatives, portfolio construction and risk management. The strategy is led by Marcus Durell, Portfolio Manager, supported by Schroders' broader Risk Managed Investments team.

SALI is expected to begin trading on the New York Stock Exchange on September 15, 2026.

About Schroders plc.

Schroders is a global investment manager which provides active asset management, wealth management and investment solutions, with £867.8 bn(€1,007.4bn ; $1,151.8bn) of assets under management at June 30, 2026. As a UK listed FTSE100 company, Schroders has a market capitalization of circa £9.5 billion and operates across 36 locations. Established in 1804, Schroders remains true to its roots as a family-founded business. The Principal Shareholder Group continues to be a significant shareholder, holding approximately 44% of the issued share capital.

Schroders' success can be attributed to its diversified business model, spanning different asset classes, client types and geographies. The company offers innovative products and solutions through four core business divisions: Public Markets, Solutions, Wealth Management, and Schroders Capital, which focuses on private markets, including private equity, renewable infrastructure investing, private debt & credit alternatives, and real estate.

Schroders aims to provide excellent investment performance to clients through active management. This means directing capital towards resilient businesses with sustainable business models, consistently with the investment goals of its clients. Schroders serves a diverse client base that includes pension schemes, insurance companies, sovereign wealth funds, endowments, foundations, high net worth individuals, family offices, as well as end clients through partnerships with distributors, financial advisers, and online platforms.

About CAIS

CAIS is the leading alternative investment platform for independent financial advisors. The CAIS platform powers the pre-trade, trade, and post-trade lifecycle of alternative investments and capital market strategies providing financial advisors and alternative asset managers with a single operating system for scale and efficiency.

CAIS serves over 2,000 wealth management firms that support more than 62,000 financial advisors who oversee approximately $7.5 trillion in end-client assets. Founded in 2009, CAIS is headquartered in New York City with offices in Austin, TX; London; and Red Bank, NJ.

CAIS continues to be recognized for its innovation and leadership including awards for Alternative Investment Firm of the Year by Wealth Solutions Report, WealthTech100 List by Fintech Global, Great Places to Work by Fortune, Best RIA Platform by SPi, Best Alternative Investments Solution by Finovate, and many others.

For more information about CAIS, please visit www.caisgroup.com.

Media Contacts

Schroders

Jennifer Manser

[email protected]

CAIS

Nadia Damouni

[email protected]

Important Information:

­­To determine if the Fund is an appropriate investment for you, carefully consider the fund's investment objective, risk, and charges and expenses. This and other information can be found in the fund's prospectus, and if available, the summary prospectus, which can be obtained by calling 1-866-US1-SCHR or by visiting SALI ETF. Please read the prospectus, and if available, the summary prospectus, carefully before investing.

The Schroder US Autocallable Ladder Income ETF is distributed by SEI Investments Distribution Co. (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456. Funds are managed by Schroders Investment Management North America Limited. SIDCO is not affiliated with Management North America Limited, nore Schroder Investment Management North America Inc.

All investments involve risk, including the loss of principal. The Schroders US Autocallable Ladder Income ETF (the "Fund") is an exchange-traded fund ("ETF"). The fund is non-diversified. Shares of the Fund are bought and sold at market price, not NAV, and are not individually redeemed from the Fund. Brokerage commissions and bid-ask spreads will reduce returns. The Fund seeks to provide monthly income through exposure to a broad-based portfolio of autocallable structures. The Fund does not provide principal protection, and there is no guarantee that the Fund will achieve its investment objective or make distributions. The Fund employs a derivatives-based investment strategy and is expected to obtain investment exposure primarily through total return swaps. These instruments may be more volatile than direct investments in traditional securities and may result in losses. Diversification does not protect against market risk.

The views contained in this communication are those of the Schroders and are subject to change. The information and opinions contained in this document have been obtained from sources we consider to be reliable. No responsibility can be accepted for errors of facts obtained from third parties. Reliance should not be placed on the views and information in the document when taking individual investment and/or strategic decisions.

The opinions stated include some forecasted and hypothetical investment views. We believe that we are basing our expectations on reasonable assumptions within the bounds of what we currently know. However, there is no guarantee that any forecasts or opinions will be realized. Tax liabilities among individual investors may vary due to a number of factors. Investors are advised to seek their own tax counsel before engaging in any investment activities.

Schroder Investment Management North America Inc. ("SIMNA Inc.") is registered as an investment adviser, CRD Number 105820, with the US Securities and Exchange Commission. It provides asset management products and services to clients in the United States. Schroder Fund Advisors LLC ("SFA") markets certain investment vehicles for which SIMNA Inc. is an investment adviser. SFA is a wholly owned subsidiary of SIMNA Inc. and is registered as a limited purpose broker-dealer with the Financial Industry Regulatory Authority, CRD Number 24129. This document does not purport to provide investment advice and the information contained in this material is for informational purposes and not to engage in trading activities. It does not purport to describe the business or affairs of any issuer and is not being provided for delivery to or review by any prospective purchaser so as to assist the prospective purchaser to make an investment decision in respect of securities being sold in a distribution. SIMNA Inc. and SFA are wholly-owned subsidiaries ofSchroders plc, a UK public company with shares listed on the London Stock Exchange. Schroder Investment Management North America Inc., Member FINRA, SIPC. 7 Bryant Park, New York, NY 10018-3706.