AMENDMENT NO. 4 TO THE SUB-ADMINISTRATION AND ACCOUNTING AGREEMENT

SEI INVESTMENTS GLOBAL FUNDS SERVICES

By:

/S/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇

Name:

▇▇▇▇ ▇▇▇▇▇▇▇▇▇

Title:

SVP

▇▇▇▇▇▇▇▇ CAPITAL FUNDS (DELAWARE)

By:

/S/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇

Name:

▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇

Title:

Authorized Signatory

▇▇▇▇▇▇▇▇ INVESTMENT MANAGEMENT NORTH AMERICA INC.

By:

/S/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇

Name:

▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇

Title:

Chief Operating Officer

Portfolios:

This Agreement shall apply with respect to all portfolios of the Trust, either now existing or in the future created (collectively with the portfolios of Schroder Series Trust, the “Portfolios”).  The following is a list of the current portfolios of the Trust:

1.                                      SCHRODER INTERNATIONAL ALPHA FUND

2.                                      SCHRODER U.S. OPPORTUNITIES FUND

Fees:

Effective as of January 1, 2013, each Portfolio shall pay the Administrator its pro rata portion of the asset based fees set forth below, calculated based upon the aggregate average daily net assets of ▇▇▇▇▇▇▇▇ Capital Funds (Delaware), Schroder Series Trust, Schroder Global Multi-Cap Equity Fund (which is a Portfolio in Schroder Global Series Trust pursuant to Amendment No. 3 effective as of the date hereof to the Sub-Administration and Accounting Agreement dated January 28, 2005, by and between Schroder Global Series Trust, SEI Investments Global Funds Services, and Schroder Fund Advisors, Inc.) (together the “Schroder Funds Complex”).

Asset Based Fees:

0.0875% on the first $1 billion of average daily net assets

0.07% on the next $2 billion of average daily net assets

0.06% on the next $1.5 billion of average daily net assets

0.0575% on average daily net assets in excess of $4.5 billion

Annual Minimum Fees:

From and after the Effective Date of Amendment No. 4 to SAAR the cumulative minimum annual fee for the Schroder Funds Complex shall be $849,500* (assuming all the existing Portfolios of Schroders Series Trust that have not yet commenced operations have launched), provided however, that:

* The cumulative minimum annual fee for the Schroder Funds Complex

contemplates a 50% discount (not applied to additional class fees) to the Portfolio minimum fee otherwise applicable to each of Schroder Emerging Markets Multi-Cap Equity Fund ($70,000 reduced to $35,000), Schroder Emerging Markets Multi-Sector Bond Fund ($70,000 reduced to $35,000), ▇▇▇▇▇▇▇▇ Long Duration Investment-Grade Bond Fund ($50,000 reduced to $25,000) and Schroder Tax Aware Value Bond Fund($50,000 reduced to $25,000), through and until the one year anniversary of each such Portfolio commencing operations.  Thereafter, each such Portfolio shall be subject to 100% of its applicable annual minimum fee and the cumulative minimum annual fee for the Schroder Funds Complex shall automatically adjust accordingly.

Adjustments to Annual Minimum Fees:

The minimum fee shall be increased for each Portfolio in excess of the existing Portfolios in the Schroder Funds Complex as of the Effective Date of Amendment No. 10, as follows: $50,000 for each Portfolio that invests primarily in domestic securities and $70,000 for each Portfolio that invests primarily in international securities.

The minimum fee shall be increased for each new class added to any Portfolio in the Schroder Funds Complex after the date of this Amendment, as follows: $12,500 for each new class added to a Portfolio that invests primarily in domestic securities and $17,000 for each new class added to a Portfolio that invests primarily in international securities.

The minimum fee shall be decreased if any Portfolio in the Schroder Funds Complex is fully liquidated after the date of this Amendment, as follows: $50,000 for each Portfolio that invests primarily in domestic securities and $70,000 for each Portfolio that invests primarily in international securities.

The minimum fee shall be decreased if any class in the Schroder Funds Complex is fully liquidated after the date of this Amendment, as follows: $12,500 for each class that invests primarily in domestic securities and $17,000 for each class that invests primarily in international securities.

Notwithstanding the foregoing, under no circumstances will the minimum annual fee for the Schroder Funds Complex be less than $400,000 for all portfolios and classes in existence during the term of the Agreement, as amended.

Term:

The Agreement became effective on November 5, 2001 (executed by the parties on October 8, 2001) and, as hereby amended, shall remain in effect through October 31, 2015 (“Initial Term”) and, thereafter, shall automatically renew for successive one (1) year terms, unless and until this Agreement is terminated by a party in accordance with the provisions of Article 6 of the Agreement.