Key Investor Information

Transcription

1 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. F&C Responsible Sterling Bond Fund Share Class: C Inc, a Fund of F&C Investment Funds ICVC II (ISIN GB00B4RB3Z95). This Fund is managed by F&C Fund Management Ltd. Objectives and investment policy The Fund aims to achieve an income return, with some capital growth. The Fund invests only in assets which meet the Fund s predefined screening criteria. The Fund invests primarily in investment grade corporate bonds with some exposure to high yield corporate bonds (securities that pay either a fixed or variable level of income on a periodic basis and generally repay a specified amount at a pre-determined date). The corporate bonds in which the Fund invests may be issued by companies anywhere in the world. Non-sterling exposure will normally be hedged back to sterling. Corporate bonds include issues by supra-national entities and other issuers which are not governments. The investment manager selects the corporate bonds in which the Fund invests with the intention of achieving a wide degree of diversification across issuers and investment sectors while managing exposure to credit risk. Investment grade corporate bonds are considered by the investment manager to be either those rated by independent ratings agencies such as S&P as BBB- or higher (or their equivalent) or those which are not rated by an independent ratings agency but which the investment manager believes to be of comparable quality. To the extent that the Fund is not fully invested in corporate bonds, the Fund may also invest in other transferable securities, collective investment schemes, deposits, cash, near cash, money market instruments and warrants. The Fund may use derivatives (an investment contract between the Fund and a counterparty the value of which is derived from one or more underlying assets) only for the purposes of efficient portfolio management. Risk and reward profile The Risk and Reward Indicator table demonstrates where the Fund ranks in terms of its potential risk and reward. The higher the rank the greater the potential reward but the greater the risk of losing money. It is based on past data, may change over time and may not be a reliable indication of the future risk profile of the Fund. The shaded area in the table below shows the Fund s ranking on the Risk and Reward Indicator. Typically lower rewards, lower risk Typically higher rewards, higher risk Historical data may not be a reliable indicator of the Fund's future risk and reward profile. The risk category shown is not guaranteed and may change over time. The lowest category does not mean 'risk free'. The value of your investment may fall as well as rise. The category is based on the rate at which the value of the investments held by the Fund have moved up and down in the past. The indicator does not adequately reflect the following risks of investing in particular assets, which may impact on future investment return: Credit Risk: receiving income or capital due from debt instruments is dependant on the provider's ability to pay. Ethical Screening Risk: the screening out of sectors or companies on ethical grounds may mean the Fund is more sensitive to price swings than an equivalent unscreened fund. Fixed Interest Securities Risk: changes in interest rates can affect the values of fixed interest holdings. Derivative Risk: derivative values rise and fall at a greater rate than equities and debt instruments. Loses can be greater than the initial investment. Hedging is an investment technique that may be used to protect the value of the Fund from adverse price movements in bonds or in currencies other than the Fund's accounting currency, which is sterling. The Fund normally hedges currency exposure back to sterling. Income is distributed six-monthly. There is no minimum holding period for this Fund. However, it may not be appropriate for investors who plan to withdraw their money in under 3 years. You may buy or sell shares daily on demand (but not weekends or UK bank holidays or other days when the Fund is not open for dealing). Orders to buy or sell must be received by 12 noon (UK time) to receive the price calculated at that day's valuation point. Page 1 of 2.

2 Charges 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 growth of your investment. One-off charges taken before or after you invest Entry charge 0.00% Exit charge 0.00% These are the maximum charges that we might take out of your money before it is invested and before we pay out the sale proceeds of your investment. In some cases, you might pay less and you should speak to your financial adviser about this. Charges taken from the Fund over a year Ongoing charges 0.58% The ongoing charges figure is based on the last year s expenses and may vary from year to year. It excludes the costs of buying or selling assets for the Fund (unless these assets are shares of another fund). The ongoing charges figure is at 30/04/2018 It excludes: Performance fees Portfolio transaction costs, except in the case of an entry/exit charge paid by the UCITS when buying or selling units in another collective investment undertaking. For more information about charges, please see the section entitled Fees and Expenses in the Fund's prospectus, which is available at Charges taken from the Fund under specific conditions Performance fee NONE Past performance % You should be aware that past performance is not a guide to future performance. Fund launch date: 01/10/2007. Share/unit class launch date: 06/09/2012. Performance is calculated in GBP. The chart shows how much the Fund increased or decreased in value as a percentage in each year, net of charges (excluding entry charge), and net of tax Fund Source: FE 2018 Practical information This document is issued by F&C Fund Management Limited (trading name BMO Global Asset Management). Further information regarding the Fund including copies of the prospectus, annual and half yearly report and accounts can be obtained free of charge from Retail Sales Support, BMO Global Asset Management, 6th Floor, Quartermile4, 7a Nightingale Way, Edinburgh EH3 9EG, telephone: Sales Support on , sales.support@bmogam.com or electronically at The Fund is part of F&C Investment Funds ICVC II. You may switch investment between other funds or share classes of F&C Investment Funds ICVC II. An entry charge may apply. Details on switching are provided in the Fund's prospectus. The assets and liabilities are segregated by law between the different funds of F&C Investment Funds ICVC II. This means that the Fund's assets are held separately from other funds. Your investment in the Fund will not be affected by any claims made against any other fund in F&C Investment Funds ICVC II. Details of the up to date renumeration policy including but not limited to a description of how remuneration and benefits are calculated will be available on when and in so far as available. Other practical information, including the latest published price for the Fund is available on our website The Depositary for the Fund is State Street Trustees Limited. The tax legislation of the United Kingdom may have an impact on your personal tax position depending on your country of residence. F&C Fund Management Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the Fund. This Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority. F&C Fund Management Ltd is authorised in the United Kingdom and regulated by the Financial Conduct Authority. This Key Investor Information is accurate as at 21/06/2018. GRGR Page 2 of 2.

3 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. F&C Responsible UK Income Fund Share Class: 2 Inc, a Fund of F&C Responsible Investment Funds ICVC (ISIN GB ). This Fund is managed by F&C Fund Management Ltd. Objectives and investment policy The objective is to provide income and long-term capital growth. The Manager seeks to achieve this by investing mainly in UK equities (ordinary shares in companies listed on the UK stock market). The Manager invests only in assets which meet the Fund's ethical screening criteria. The ethical screening applied to the Fund means that a number of the UK's largest companies (those that form part of the FTSE 100 Index) are screened out on ethical grounds. As a result, the Fund will usually include significant exposure to medium and smaller companies. While the Manager will invest mainly in equities, it may also invest in other investments such as corporate bonds (fixed interest securities issued by companies) and derivatives (an investment contract between the Fund and a counterparty the value of which is derived from one or more underlying equities) to gain exposure to companies to manage the portfolio efficiently. Hedging is an investment technique that may be used to protect the value of the Fund from adverse price movements in equities. Investment is concentrated in UK companies whose products and operations are considered to be making a positive contribution to society and seeks to avoid companies which, on balance do particular harm (including those involved in the sale of armaments) or operate irresponsibly (for example with regard to the environment or human rights). Income is distributed quarterly. There is no minimum holding period for this Fund. However, it may not be appropriate for investors who plan to withdraw their money in under 5 years. You may buy or sell shares daily on demand (but not weekends or UK bank holidays or other days when the Fund is not open for dealing). Orders to buy or sell must be received by 12 noon (UK time) to receive the price calculated at that day's valuation point. Risk and reward profile The Risk and Reward Indicator table demonstrates where the Fund ranks in terms of its potential risk and reward. The higher the rank the greater the potential reward but the greater the risk of losing money. It is based on past data, may change over time and may not be a reliable indication of the future risk profile of the Fund. The shaded area in the table below shows the Fund s ranking on the Risk and Reward Indicator. Typically lower rewards, lower risk Typically higher rewards, higher risk Historical data may not be a reliable indicator of the Fund's future risk and reward profile. The risk category shown is not guaranteed and may change over time. The lowest category does not mean 'risk free'. The value of your investment may fall as well as rise. The category is based on the rate at which the value of the investments held by the Fund have moved up and down in the past. The indicator does not adequately reflect the following risks of investing in particular assets, which may impact on future investment return: Derivative Risk: derivative values rise and fall at a greater rate than equities and debt instruments. Loses can be greater than the initial investment. Liquidity Risk: the ability to buy and sell assets at a favourable price may be affected by a low level of counterparties willing to enter into a transaction with the Fund. Smaller Companies Risk: smaller companies carry a higher degree of risk and their value can be more sensitive to market movement. Ethical Screening Risk: the screening out of sectors or companies on ethical grounds may mean the Fund is more sensitive to price swings than an equivalent unscreened fund. Credit Risk: receiving income or capital due from debt instruments is dependant on the provider's ability to pay. Yield Risk: the yield on the FTSE All-Share Index can fall and rise and is not guaranteed. Charges from Capital Risk: taking the charges from the capital of the Fund to increase the distributable income may impact on capital returns. Page 1 of 2.

4 Charges 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 growth of your investment. One-off charges taken before or after you invest Entry charge 0.00% Exit charge 0.00% These are the maximum charges that we might take out of your money before it is invested and before we pay out the sale proceeds of your investment. In some cases, you might pay less and you should speak to your financial adviser about this. Charges taken from the Fund over a year Ongoing charges 0.81% The ongoing charges figure is based on the last year s expenses and may vary from year to year. It excludes the costs of buying or selling assets for the Fund (unless these assets are shares of another fund). The ongoing charges figure is at 31/12/2017 It excludes: Performance fees Portfolio transaction costs, except in the case of an entry/exit charge paid by the UCITS when buying or selling units in another collective investment undertaking. For more information about charges, please see the section entitled Fees and Expenses in the Fund's prospectus, which is available at Charges taken from the Fund under specific conditions Performance fee NONE Past performance % You should be aware that past performance is not a guide to future performance. Fund launch date: 13/10/1987. Share/unit class launch date: 06/08/2003. Performance is calculated in GBP. The chart shows how much the Fund increased or decreased in value as a percentage in each year, net of charges (excluding entry charge), and net of tax Fund Source: FE 2018 Practical information This document is issued by F&C Fund Management Limited (trading name BMO Global Asset Management). Further information regarding the Fund including copies of the prospectus, annual and half yearly report and accounts can be obtained free of charge from Retail Sales Support, BMO Global Asset Management, 6th Floor, Quartermile4, 7a Nightingale Way, Edinburgh EH3 9EG, telephone: Sales Support on , sales.support@bmogam.com or electronically at The Fund is part of F&C Responsible Investment Funds ICVC. You may switch investment between other funds or share classes of F&C Responsible Investment Funds ICVC. An entry charge may apply. Details on switching are provided in the Fund's prospectus. The assets and liabilities are segregated by law between the different funds of F&C Responsible Investment Funds ICVC. This means that the Fund's assets are held separately from other funds. Your investment in the Fund will not be affected by any claims made against any other fund in F&C Responsible Investment Funds ICVC. Details of the up to date renumeration policy including but not limited to a description of how remuneration and benefits are calculated will be available on when and in so far as available. Other practical information, including the latest published price for the Fund is available on our website The Depositary for the Fund is State Street Trustees Limited. The tax legislation of the United Kingdom may have an impact on your personal tax position depending on your country of residence. F&C Fund Management Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the Fund. This Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority. F&C Fund Management Ltd is authorised in the United Kingdom and regulated by the Financial Conduct Authority. This Key Investor Information is accurate as at 26/01/2018. IO47 Page 2 of 2.

5 Non-UCITS retail scheme 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. F&C UK Property Feeder Fund Share Class: 2 Inc, (ISIN GB00BWZMHL49). This Fund is managed by F&C Fund Management Ltd. Objectives and investment policy The investment objective of the Fund is to provide income and capital growth. The Fund will invest all or substantially all of its assets in the shares of the F&C UK Property Fund ICVC. To the extent that the Fund is not fully invested in the F&C UK Property Fund ICVC the Fund will hold its remaining assets in cash. The F&C UK Property Fund ICVC is a property authorised investment fund which invests mainly in a diversified portfolio of commercial property. Income is distributed half yearly. There is no minimum holding period for this Fund. However, it may not be appropriate for investors who plan to withdraw their money in under 5 years. You may buy or sell units daily on demand (but not weekends or UK bank holidays or other days when the Fund is not open for dealing). Orders to buy or sell must be received by 12 noon (UK time) to receive the price calculated at that day's valuation point. Risk and reward profile Historical data may not be a reliable indicator of the Fund's future risk and reward profile. The value of your investment may fall as well as rise. You need to be aware of the following risks before investing: Property Risk: the value of such investments is likely to reflect valuations of property assets as determined by professional valuers. Such valuations are the opinion of the valuer at a particular time, may not be supported by recent transactions and are liable to revision, up or down. Fund Liquidity Risk: the ability of the Fund to meet redemptions within normal settlement terms depends on the readily realisable assets held in the Fund. If properties have to be sold quickly this could result in lower prices being obtained for them. Liquidity Risk: the ability to buy and sell assets at a favourable price may be affected by a low level of counterparties willing to enter into a transaction with the Fund. Restricted Diversification: investments are concentrated in direct property in the UK. These investments are limited to a relatively narrow segment of the economy. Performance may differ in direction and degree from that of the stock market. Page 1 of 2.

6 Charges 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 growth of your investment. One-off charges taken before or after you invest Entry charge 0.00% Exit charge 0.00% These are the maximum charges that we might take out of your money before it is invested and before we pay out the sale proceeds of your investment. In some cases, you might pay less and you should speak to your financial adviser about this. Charges taken from the Fund over a year Ongoing charges 0.91% The ongoing charges figure is based on the last year s expenses and may vary from year to year. It excludes the costs of buying or selling assets for the Fund (unless these assets are shares of another fund). The ongoing charges figure is at 31/12/2017 It excludes: Performance fees Portfolio transaction costs, except in the case of an entry/exit charge paid by the UCITS when buying or selling units in another collective investment undertaking. For more information about charges, please see the section entitled Fees and Expenses in the Fund's prospectus, which is available at Charges taken from the Fund under specific conditions Performance fee NONE Past performance % You should be aware that past performance is not a guide to future performance. Fund launch date: 01/09/2015. Share/unit class launch date: 01/09/2015. Performance is calculated in GBP. The chart shows how much the Fund increased or decreased in value as a percentage in each year, net of charges (excluding entry charge), and net of tax Fund Source: FE 2018 Practical information This document is issued by F&C Fund Management Limited (trading name BMO Global Asset Management). The Trustee for the Fund is State Street Trustees Limited. You can obtain further information about the Fund, copies of the prospectus, annual report and accounts and half-yearly reports and accounts, free of charge, from Retail Sales Support, BMO Global Asset Management, 6th Floor, Quartermile4, 7a Nightingale Way, Edinburgh EH3 9EG, telephone: Sales Support on , sales. support@bmogam.com. They are also available electronically at www. fandc.com. These documents are each available in English. The Fund is a single fund authorised Unit Trust. Details of the up to date renumeration policy including but not limited to a description of how remuneration and benefits are calculated will be available on when and in so far as available. Other practical information, including the latest published price, is available on our website The tax legislation of the United Kingdom may have an impact upon your own personal tax position depending on your country of residence. F&C Fund Management Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the Fund. This Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority. F&C Fund Management Ltd is authorised in the United Kingdom and regulated by the Financial Conduct Authority. This Key Investor Information is accurate as at 31/01/2018. MQEY Page 2 of 2.

7 Janus Henderson 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. UK RESPONSIBLE INCOME FUND Class I Inc ISIN: GB A sub-fund of Janus Henderson Sustainable/Responsible Funds, an OEIC managed by Henderson Investment Funds Limited. Objectives and investment policy Objective The Fund aims to provide income with the prospects for capital growth. The Fund invests primarily in: Shares of UK companies that the investment manager considers to be responsibly run giving due consideration to environmental, social and governance issues. The Fund may also invest in: Shares of companies outside of the UK that the investment manager considers to be responsibly run giving due consideration to environmental, social and governance issues. In choosing investments, the investment manager looks for shares that appear to have the potential for greater performance over the long term and that meet the fund's environmental, social and ethical investment criteria. The Fund may use derivatives to reduce risk or to manage the Fund more efficiently. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within 5 years. This Fund is designed to be used only as one component in several in a diversified investment portfolio. Investors should consider carefully the proportion of their portfolio invested into this Fund. Fund currency GBP Share class currency GBP Terms to understand Shares / Equities Securities that represent fractional ownership in a company. Volatility How sharply the Fund's share price has gone up and down over a period, generally several years. Derivatives Financial instruments whose value is linked to the price of an underlying asset (eg indices, rates, share prices). You can buy, sell or switch shares in the Fund on any business day, as defined within the Definitions Section of the Fund s prospectus. The Fund offers accumulation shares (shares in which net income is retained within the price) and income shares (shares in which net income may be paid out to investors). Risk and reward profile Potentially lower reward Lower risk Potentially higher reward Higher risk The value of an investment and any income from it can go up or down. When you sell your shares they may be worth less than you paid for them. The risk/reward rating above is based on medium-term volatility. In the future, the Fund's actual volatility could be higher or lower and its rated risk/reward level could change. The share class appears at 5 out of 7. Share classes in higher categories have shown greater and/or more frequent variations in share price in the past 5 years than those in lower categories. The lowest category does not mean risk free. The rating does not reflect the possible effects of unusual market conditions or large unpredictable events. Under normal market conditions the following risks may apply: Active management risk Active management techniques that have worked well in normal market conditions could prove ineffective or detrimental at other times. Charges to capital risk Some or all of the annual management charge is taken from capital. This may constrain potential for capital growth. Counterparty risk The Fund could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the Fund. Country or region risk If a Fund has a high exposure to a particular country or geographical region it carries a higher level of risk than a Fund which is more broadly diversified. Derivatives risk Derivatives use exposes the Fund to risks different from, and potentially greater than, the risks associated with investing directly in securities and may therefore result in additional loss, which could be significantly greater than the cost of the derivative. Equities risk Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result. Hedging risk If the Fund or a specific share class of the Fund seeks to reduce risks (such as exchange rate movements), the measures designed to do so may be ineffective, unavailable or detrimental. Liquidity risk Any security could become hard to value or to sell at a desired time and price, increasing the risk of investment losses. The full list of the Fund's risks are contained in the Risk Factors section of the Fund's prospectus.

8 Charges Past performance The charges you pay are used to pay the costs of running the Fund, including the costs of managing and distributing it. These charges reduce the potential growth of your investment. If you invest through a third party provider you are advised to consult them directly as charges, performance and terms and conditions may differ materially to those shown in this document. One-off charges taken before or after you invest* Entry Charge 0.00% Exit Charge 0.00%** * The charges shown are maximum figures. In some cases you may pay less. ** Subject to a charge of up to 3.00% where the Manager suspects excessive trading by an investor (and specifically on subscriptions held for less than 90 days). Performance (%) 40% 30% % % 0% % -20% -30% % Charges taken from the Fund over a year Ongoing Charges 0.84% The ongoing charges are based on last year's expenses for the year ending 31 March Ongoing charges may vary from year to year. The figure for ongoing charges excludes portfolio transaction costs, except in the case of an initial charge paid by the Fund when buying shares or units in another fund. For more information about charges, please see the Charges section of the Fund's prospectus Year The Fund The past performance is calculated in GBP. The Fund and the share class were launched in June Past performance is not a guide to future performance. The past performance shown in the chart takes into account all charges except entry charges. Practical information Depositary: NatWest Trustee and Depositary Services Limited. To obtain more information: This Key Investor Information Document may not contain all the information you need. For the last published price of shares in the Fund, or to obtain the annual/semi-annual report, please visit Documents are available free of charge in English and certain other languages. For a free copy of the Fund s prospectus please contact the registered office of the Fund at 201 Bishopsgate, London EC2M 3AE, UK or your local representative office. Tax: Investors should note that the tax legislation that applies to the Fund may have an impact on the personal tax position of their investment in the Fund. Contact your adviser to discuss tax treatment, suitability of this investment, and other questions. Notices: Henderson Investment Funds Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the Fund. The assets of each sub-fund are segregated, meaning that each sub-fund is insulated from any losses or claims associated with the other sub-funds. To place transaction orders: You can place orders to buy, sell or switch shares of this Fund by contacting your advisor or distributor, or us directly at Janus Henderson Investors, PO BOX 9023, Chelmsford CM99 2WB or by calling our Investor Services team on Further information about dealing, other share classes of this Fund or other funds in this OEIC may be obtained by visiting or found in the Fund's prospectus. The Fund is authorised in the UK and regulated by the Financial Conduct Authority ( FCA ). Henderson Investment Funds Limited is authorised in the UK and regulated by the FCA. The details of the up-to-date remuneration policy of the Manager are available at A paper copy of the remuneration policy will be made available free of charge upon request. These include a description of how pay and benefits are worked out and the people or committee members responsible for awarding them. This Key Investor Information is accurate as at 1 October 2018.

9 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. Kames Ethical Cautious Managed Fund a sub-fund of Kames Capital ICVC Sterling Class B - Income shares (ISIN: GB00B7TCPG66) This fund is managed by Kames Capital plc. Objectives and investment policy Objective: to provide a combination of long-term capital growth and income. Policy: all investments will meet the Fund's ethical criteria. This means the Fund avoids investing in companies that it decides harm people, society, animals or the environment. Further details of the ethical criteria are set out in the Prospectus at Appendix D. Up to 60% of the Fund will be invested in the shares of UK companies. The Fund is likely to invest in the shares of smaller companies because of its ethical criteria. The Fund also invests in investment grade (lower risk) bonds issued by UK companies and government bonds and may invest in high yield (higher risk) bonds. Within its ethical criteria and the limits set out, the Fund is not restricted by country or market sector. It may also hold a limited range of other investments and it is not constrained by any benchmark or index. Risk and reward profile Lower risk / Higher risk / potentially lower rewards potentially higher rewards Other information You can buy, sell or exchange the Fund's shares on any business day (see 'Dealing Day' in the Prospectus Definitions for more information). Income the Fund receives will be paid out every three months. It is expected that the Fund will be held as part of a diversified portfolio which may include other assets such as bonds, equities, property and cash. Interest Rate Risk: Bond values are affected by changes in interest rates. When interest rates rise, the value of the Fund is likely to fall. Full details of risks are disclosed in the section 'Risk Factors' in the Prospectus. The risk/reward profile shows the risk of investing in the Fund, based on the rate at which its value has changed in the past. This Fund has the above risk/reward rating because the prices of shares and bonds can be affected by political or economic events, changes in exchange rates and changes in interest rates. The Fund's category is not guaranteed and may change over time. It is calculated using historical data, which may not be a reliable indication for the future. Category 1 does not mean 'risk free'. Note: as there is less than 5 years performance data available (see Past Performance section), the risk/reward profile is calculated using simulated historical data. The following risks, which are not, or are not fully, reflected in the risk/ reward profile are also relevant to the Fund: Credit: An issuer of bonds may be unable to make payments due to the Fund (known as a default). The value of bonds may fall as default becomes more likely. Both default and expected default may cause the Fund's value to fall. High yield bonds generally offer higher returns because of their higher default risk and investment grade bonds generally offer lower returns because of their lower default risk. Liquidity: The Fund's value may fall if some investments, especially in smaller companies or high yield bonds, become more difficult to trade or value due to market conditions or a lack of supply and demand.

10 Charges 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 growth of your investment. One-off charges taken before or after you invest Entry charge 0.00% Exit charge 0.00% This is the maximum that might be taken out of your money before it is invested / before the proceeds of your investment are paid out. Charges taken from the fund over a year The entry and exit charges shown are the maximum figures, and in some cases you may pay less. You can find out specific charges which apply to your investment by contacting your financial adviser, distributor, or by contacting us using the details given in the Practical Information section. The ongoing charge is based on expenses for the year to 31 December This figure may vary from year to year. It excludes any portfolio transaction costs (except in the case of an entry/exit charge paid by the Fund when buying and selling shares in another fund). Switches or Conversion: 1st 4 in any calendar year are free, and subject to a charge of 1.5% on each transaction thereafter. More detailed information on charges can be found in the 'Fees and Expenses' section of the Prospectus. Ongoing charges 0.79% Charges taken from the fund under certain specific conditions Performance fee None Past performance % Sterling Class B (GB00B7TCPG66) Past performance is not a guide to future performance. Fund launch date: 01 March 2007 Share class launch date: 14 May 2013 Performance is calculated in GBP. The past performance calculation does not take into account the entry and exit charges but does take into account the ongoing charge, as shown in the 'Charges' section. Source: Lipper Source: Lipper Practical information Kames Capital ICVC is a UCITS scheme structured as an umbrella company with various sub-funds, with segregated liability between sub-funds. This document describes one sub-fund of the UCITS; the Prospectus and the Report and Accounts are prepared for the entire UCITS. You can exchange your holdings into another share class of the Fund, or another sub-fund of the UCITS, at any time. More detailed information on exchanging can be found in the 'Buying, Redeeming, Switching and Conversion of Shares' section of the Prospectus. The assets and liabilities of the Fund are segregated by law. Accordingly, the assets of this Fund belong exclusively to it and may not be used to meet the liabilities of, or claims against, any other fund within the Kames Capital ICVC. Any liability incurred on behalf of, or attributable to, the Fund shall be discharged solely out of the assets of the Fund. The depositary is Citibank Europe plc, UK Branch. The prices of shares will be published daily on our website ( Further information about the Fund and copies of the Prospectus and the latest Annual and Semi-Annual Report and Accounts can be obtained, free of charge, on our website ( or by calling These documents are available in English. You should be aware that tax legislation in the UK (where the Fund is authorised) may have an impact on your personal tax position. Kames Capital plc may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus. Details of the up to date remuneration policy of Kames Capital plc ( the Company ) including but not limited to, a description of how remuneration and benefits are calculated, the identity of persons responsible for awarding the remuneration and benefits, are available at A paper copy will be available free of charge upon request at the registered office of the Company. Kames Capital ICVC is authorised in the United Kingdom and regulated by the Financial Conduct Authority (FCA). This key investor information is accurate as at 01/11/2018.

11 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. Kames Ethical Corporate Bond Fund a sub-fund of Kames Capital ICVC Sterling Class B - Income shares (ISIN: GB00B0C4RP31) This fund is managed by Kames Capital plc. Objectives and investment policy Objective: to provide a combination of capital growth and income. Policy: all investments will meet the Fund's ethical criteria. This means the Fund avoids investing in companies that it decides harm people, society, animals or the environment. Further details of the ethical criteria are set out in the Prospectus at Appendix D. The Fund invests predominantly in sterling denominated investment grade (lower risk) bonds issued by companies or organisations. Up to 10% of the Fund may be invested in high yield (higher risk) bonds. Within its ethical criteria and the limits set out above, the Fund is not restricted by market sector. It may also hold a limited range of other investments and it is not constrained by any benchmark or index. Risk and reward profile Lower risk / Higher risk / potentially lower rewards potentially higher rewards Other information You can buy, sell or exchange the Fund's shares on any business day (see 'Dealing Day' in the Prospectus Definitions for more information). Income the Fund receives will be paid out every three months. It is expected that the Fund will be held as part of a diversified portfolio which may include other assets such as bonds, equities, property and cash. Interest Rate Risk: Bond values are affected by changes in interest rates. When interest rates rise, the value of the Fund is likely to fall. Full details of risks are disclosed in the section 'Risk Factors' in the Prospectus. The risk/reward profile shows the risk of investing in the Fund, based on the rate at which its value has changed in the past. This Fund has the above risk/reward rating because bond prices can be affected by political or economic events, changes in exchange rates, and changes in interest rates. The Fund's category is not guaranteed and may change over time. It is calculated using historical data, which may not be a reliable indication for the future. Category 1 does not mean 'risk free'. The following risks, which are not, or are not fully, reflected in the risk/ reward profile are also relevant to the Fund: Credit: An issuer of bonds may be unable to make payments due to the Fund (known as a default). The value of bonds may fall as default becomes more likely. Both default and expected default may cause the Fund's value to fall. High yield bonds generally offer higher returns because of their higher default risk and investment grade bonds generally offer lower returns because of their lower default risk. Liquidity: The Fund's value may fall if bonds become more difficult to trade or value due to market conditions or a lack of supply and demand. This risk increases where the Fund invests in high yield bonds.

12 Charges 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 growth of your investment. One-off charges taken before or after you invest Entry charge 0.00% Exit charge 0.00% This is the maximum that might be taken out of your money before it is invested / before the proceeds of your investment are paid out. Charges taken from the fund over a year The entry and exit charges shown are the maximum figures, and in some cases you may pay less. You can find out specific charges which apply to your investment by contacting your financial adviser, distributor, or by contacting us using the details given in the Practical Information section. The ongoing charge is based on expenses for the year to 31 December This figure may vary from year to year. It excludes any portfolio transaction costs (except in the case of an entry/exit charge paid by the Fund when buying and selling shares in another fund). Switches or Conversion: 1st 4 in any calendar year are free, and subject to a charge of 1.5% on each transaction thereafter. More detailed information on charges can be found in the 'Fees and Expenses' section of the Prospectus. Ongoing charges 0.54% Charges taken from the fund under certain specific conditions Performance fee None Past performance % Sterling Class B (GB00B0C4RP31) Past performance is not a guide to future performance. Fund launch date: 28 April 2000 Share class launch date: 28 June 2005 Performance is calculated in GBP. The past performance calculation does not take into account the entry and exit charges but does take into account the ongoing charge, as shown in the 'Charges' section. Source: Lipper Source: Lipper Practical information Kames Capital ICVC is a UCITS scheme structured as an umbrella company with various sub-funds, with segregated liability between sub-funds. This document describes one sub-fund of the UCITS; the Prospectus and the Report and Accounts are prepared for the entire UCITS. You can exchange your holdings into another share class of the Fund, or another sub-fund of the UCITS, at any time. More detailed information on exchanging can be found in the 'Buying, Redeeming, Switching and Conversion of Shares' section of the Prospectus. The assets and liabilities of the Fund are segregated by law. Accordingly, the assets of this Fund belong exclusively to it and may not be used to meet the liabilities of, or claims against, any other fund within the Kames Capital ICVC. Any liability incurred on behalf of, or attributable to, the Fund shall be discharged solely out of the assets of the Fund. The depositary is Citibank Europe plc, UK Branch. The prices of shares will be published daily on our website ( Further information about the Fund and copies of the Prospectus and the latest Annual and Semi-Annual Report and Accounts can be obtained, free of charge, on our website ( or by calling These documents are available in English. You should be aware that tax legislation in the UK (where the Fund is authorised) may have an impact on your personal tax position. Kames Capital plc may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus. Details of the up to date remuneration policy of Kames Capital plc ( the Company ) including but not limited to, a description of how remuneration and benefits are calculated, the identity of persons responsible for awarding the remuneration and benefits, are available at A paper copy will be available free of charge upon request at the registered office of the Company. Kames Capital ICVC is authorised in the United Kingdom and regulated by the Financial Conduct Authority (FCA). This key investor information is accurate as at 01/11/2018.

13 Non-UCITS retail scheme 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. Kames Property Income Feeder (Income) Fund a sub-fund of Kames Capital Unit Trust Sterling Class B - Income shares (ISIN: GB00BK6MJH97) This fund is managed by Kames Capital plc. Objectives and investment policy Objective: The investment objective is to provide income with potential for capital growth by investing in the Kames Property Income Fund, which invests mainly in commercial property. Policy: To invest close to 100% in the Kames Property Income Fund, a Property Authorised Investment Fund (PAIF). The objective of the Kames Property Income Fund is to invest mainly in commercial property in the British Isles, which will seek to add value through active asset management. It may also invest in other property-related assets including collective investment schemes and listed securities, as well as cash, deposits and money-market instruments. The investment returns of the Fund and the Kames Property Income Fund may differ because the Fund may hold cash for operational reasons. Other information You can buy, sell or exchange the Fund's units on any business day (see 'Dealing Day' in the Prospectus Definitions for more information). Income the Fund receives will be paid out every month. As the Fund invests in commercial property, the transaction costs incurred in buying and selling properties will be comparatively higher than the costs incurred in buying or selling other asset classes, which may have a material impact on the Fund's return. It is expected that the Fund will be held as part of a diversified portfolio which may include other assets such as bonds, equities, property and cash. Risk and reward profile The value of investments, and the income from them, will fluctuate. This will cause the Fund price to fall, as well as rise, and you may not get back the original amount that you invested. As the Fund is dual-priced, there is a price to buy units and a price to sell them. The difference between the two prices is referred to as 'the spread'. The spread is likely to be wider for the Fund than for other less specialist funds and may vary. We reserve the right to change the pricing basis of the Fund and any change will mean an increase or decrease in the price at which you can deal at. Further pricing information can be found on The following risks are also relevant to the Fund: Liquidity: In difficult market conditions, the investments within the Fund may become more difficult to sell at the last quoted price, or at a fair value. Such situations could result in unpredictable changes in the value of your holding. Fund charges: The Fund charges its fees against capital, which will increase the amount of income available for distribution to Shareholders, but may constrain capital growth. The Fund invests mainly in commercial property, which is a less liquid asset than other categories of asset, comparatively it may be more difficult to sell at times, which may lead to constraints when redeeming units. There is no guarantee that investments in property will increase in value or that rental growth will take place. There is also a risk that tenants within the properties could default on their rental payments, which could affect the income within the Fund. If significant numbers of investors withdraw their investments from the Fund at the same time, the manager may be forced to dispose of property investments. The realised value of these sales may be less favourable than the last quoted valuation of the investments. The Fund invests mainly in one type of asset, meaning it is more vulnerable to the market sentiment of that specific type of asset. This type of fund can therefore carry a higher risk and can experience larger than average price fluctuations when compared to a fund with a broader investment universe. The Fund may at times hold larger amounts of cash for liquidity purposes or if new investment opportunities are limited, which may restrict the performance of the Fund. Property valuations are provided by an independent valuer, rather than traded on an exchange, and are therefore subjective. Full details and risks are disclosed in the section 'Risk Factors' in the Prospectuses.

14 Charges 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 growth of your investment. One-off charges taken before or after you invest Entry charge 0.00% Exit charge 0.00% This is the maximum that might be taken out of your money before it is invested / before the proceeds of your investment are paid out. Charges taken from the fund over a year Ongoing charges 0.86% Charges taken from the fund under certain specific conditions Performance fee None The entry and exit charges shown are the maximum figures, and in some cases you may pay less. You can find out specific charges which apply to your investment by contacting your financial adviser, distributor, or by contacting us using the details given in the Practical Information section. The ongoing charge is based on expenses for the year to 31 December This figure may vary from year to year. It excludes any portfolio transaction costs (except in the case of an entry/exit charge paid by the Fund when buying and selling shares in another fund). The fund has other costs in addition to the ongoing charges shown above. These costs are associated with the day to day operation of the direct property assets, an estimate of these is represented by the property expense ratio (PER). For details of how the PER is calculated please refer to the latest Report and Accounts on our website ( The PER for this share class is 0.57% as at 31 December 2017 and is subject to fluctuations. Past performance % Sterling Class B (GB00BK6MJH97) Past performance is not a guide to future performance. Fund launch date: 28 March 2014 Share class launch date: 28 March 2014 Performance is calculated in GBP. The past performance calculation does not take into account the entry and exit charges but does take into account the ongoing charge, as shown in the 'Charges' section. Source: Lipper Practical information Kames Capital Unit Trust is a non-ucits retail scheme (NURS) structured as an umbrella unit trust with various sub-funds, with segregated liability between sub-funds. This document describes one sub-fund of the NURS; the Prospectus and the Report and Accounts are prepared for the entire NURS. You can Exchange your holdings into another share class of the Fund, or another sub-fund of the NURS, at any time. More detailed information on exchanging can be found in the 'Buying, Redeeming, Converting and Switching of Units' section of the Prospectus. The assets and liabilities of the Fund are segregated by law. Accordingly, the assets of this Fund belong exclusively to it and may not be used to meet the liabilities of, or claims against, any other fund within the Kames Capital Unit Trust. Any liability incurred on behalf of, or attributable to, the Fund shall be discharged solely out of the assets of the Fund. The Depositary is NatWest Trustee and Depositary Services Limited. The prices of units will be published daily on our website ( Further information about the Fund and Feeder and copies of their Prospectuses and their latest Annual and Semi-Annual Report and Accounts, and the Key Investor Information Document can be obtained, free of charge, on our website ( or by calling These documents are available in English. You should be aware that tax legislation in the UK (where the Fund is authorised) may have an impact on your personal tax position. Details of the up to date remuneration policy of Kames Capital plc ( the Company ) including but not limited to, a description of how remuneration and benefits are calculated, the identity of persons responsible for awarding the remuneration and benefits, are available at A paper copy will be available free of charge upon request at the registered office of the Company. Kames Capital Unit Trust is authorised in the United Kingdom and regulated by the Financial Conduct Authority (FCA). This key investor information is accurate as at 31/10/2018.

15 SUSTAINABLE FUTURE CORPORATE BOND FUND KEY INVESTOR INFORMATION DOCUMENT 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. Liontrust Sustainable Future Corporate Bond is a sub-fund of the Liontrust Sustainable Future ICVC and categorised as a UCITS scheme. This document is based upon Retail class units (2 Inc Class) (ISIN: GB ). This Fund is managed by Liontrust Fund Partners LLP, a subsidiary of Liontrust Asset Management PLC. Objective To provide a higher long-term return than UK Government bonds. Although there is some potential for the capital value of the Fund to grow, over the long term (five years or more) most of the returns are likely to be in the form of income. Policy The Fund holds investment grade sterling corporate bonds, government bonds, and non-sterling investment grade corporate bonds. Relevant mainstream fixed income derivative instruments are held for the purpose of reducing risk. The Fund will predominately invest in investment grade bonds (over 80%), although is also permitted to invest up to 20% in sub-investment grade rated bonds that may offer a higher income but at greater risk to their capital value. The Fund will focus on issuers that demonstrate high levels of ESG and/or that will benefit from the shift towards a more sustainable economic system. Consistent with the Investment Association's Sterling Corporate Bond sector rules, 80% of the bonds in the Fund will be priced in sterling, or hedged back into sterling (hedging is a technique to negate the impact of any adverse exchange rate movements). The Fund is permitted to have a maximum aggregated unhedged currency exposure of 5%. The Fund may use derivatives to protect against market or currency movements, to reduce costs, or for investment purposes. The use of derivatives is subject to Liontrust's derivative policy. Recommendation This Fund may not be appropriate for investors who plan to withdraw their money within 5 years. How to buy You may buy or sell shares on a daily basis (but not weekends or Bank Holidays). Orders must be received by 12:00 midday for execution at 12:00 midday valuation point on the same day. Further details can be found at to invest. Investment process Macroeconomic analysis is used to determine our top-down view of the world and this helps shape all aspects of our portfolio construction and appetite for risk. After this, we aim to focus on high-quality issuers and believe this can enable us to reduce bond-specific risk. Our assessment of quality is a distinctive part of our process, whereby we combine traditional credit analysis with a detailed sustainability assessment based upon our proprietary model that focuses on ESG that may impact upon the issuer. The fund managers assess individual bonds for whether they believe the bonds offer attractive long-term returns and for absolute and relative valuations. Simply put, there is no point in investing in a bond merely because it is cheap relative to others in the sector if we believe the total returns are not attractive to the end investor. Rather than focusing on lower credit quality issuers, we seek the best value bonds issued by the high quality issuers that we have identified, looking at bonds issued across the capital structure, along the maturity curve, or issued into the primary credit markets (UK, US and Europe). We believe this approach is consistent with our principal aim of delivering attractive long-term returns to our clients. Risk and reward profile Lower Risk Typically lower rewards Higher Risk Typically higher rewards This Synthetic Risk and Reward Indicator (SRRI) is based on historical data and may not be relied upon to gauge the future risk profile of the Fund. The SRRI shown is not guaranteed to remain the same and may shift over time. The lowest category (1) does not mean 'risk free'. The Fund's risk and reward category has been calculated using the methodology set by the European Commission. It is based upon the rate by which the Fund or a representative fund or index's value has moved up and down in the past. The Fund is categorised 3 because funds of this type have experienced average rises and falls in value in the past. Fluctuations in interest rates are likely to affect the value of the bonds and other fixed-interest securities held by the Fund. If long-term interest rates rise, the value of your shares is likely to fall. The Fund can invest in derivatives. Derivatives are used to protect against currencies, credit and interests rates move or for investment purposes. There is a risk that losses could be made on derivative positions or that the counterparties could fail to complete on transactions. The value of these securities will fall if the issuer is unable to repay their debt or has their credit rating reduced. Generally, the higher perceived credit risk of the issuer, the higher the rate of interest.

16 SUSTAINABLE FUTURE CORPORATE BOND FUND Charges for this fund 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 growth of your investment. One-off charges taken before or after you invest Entry charge Exit charge None None This is the maximum that might be taken out of your money before it is invested. Charges taken from the Fund over the year The entry and exit charges shown are maximum figures. In some cases you might pay less you can find this out from your financial adviser or fund platform if you are not using a financial adviser. The ongoing charges figure is based on expenses as at 01 September This figure may vary from year to year. It excludes: portfolio transaction costs, except in the case of an entry/exit charge paid by the UCITS when buying or selling units/shares in another collective investment undertaking. For more information about charges, please see the Charges and Expenses section of the Fund s prospectus, which is available electronically at Ongoing charges 0.65% Charges taken from the Fund under certain specific circumstances Performance fee None Past performance Past performance is not a guide to future performance. Past performance has been calculated on the basis that any distributable income of the Fund has been reinvested. The Fund launched on 19 February The base currency of the Fund is pounds sterling. The 2 Inc share class was launched on 19 February % 20% 10% % 7.3% 4.4% 15.7% 1.8% 9.8% 0.5% 10.5% 7.2% -10% -20% -14.5% Liontrust Sustainable Future Corporate Bond Fund (2) Inc Practical information Authorisation Depositary Investment Adviser Further information Taxation This Fund is authorised in the UK and regulated by the Financial Conduct Authority. The Fund's Depositary is Bank of New York Mellon (International) Ltd Liontrust Investment Partners LLP Copies of the prospectus and the latest annual and half-yearly reports, which are the primary source of additional information, are available, without charge, from Liontrust Fund Partners LLP, 2 Savoy Court, London, WC2R, 0EZ. They are also available electronically at UK tax legislation may have an impact upon your own personal tax position. Fund prices and other information The Fund's last published price is available from Liontrust Fund Partners LLP at Products/FundPrices or by writing to us at 2 Savoy Court, London, WC2R 0EZ or by telephoning during business hours (9.00am 5.00pm). Remuneration Information on the current remuneration policy of the Fund, including a description of how remuneration and benefits are calculated and the identity of persons responsible for awarding the remuneration and benefits, is available at A paper copy of this information is available free of charge upon request from Liontrust Fund Partners LLP at 2 Savoy Court, London, WC2R 0EZ. Liontrust Fund Partners LLP may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the Fund. This Key Investor Information is accurate as at 29 August 2018.

17 Key Investor Information This document provides you with key investor information about the Compartment. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in the Compartment. You are advised to read it so that you can make an informed decision about whether to invest. Pictet - Global Environmental Opportunities (the "Compartment") is a compartment of Pictet (the "Fund"). I dy GBP (the Share Class ) - ISIN LU The Fund is managed by Pictet Asset Management (Europe) S.A. (the "Management Company"), part of the Pictet group Objectives and investment policy OBJECTIVE To increase the value of your investment. PORTFOLIO ASSETS The Compartment mainly invests in equities of companies in clean energy and water, agriculture, forestry and other areas of the environmental value chain. The Compartment invests worldwide, including in emerging markets and Mainland China. DERIVATIVES AND STRUCTURED PRODUCTS The Compartment may use derivatives to reduce various risks (hedging) and for efficient portfolio management, and may use structured products to gain exposure to portfolio assets. COMPARTMENT CURRENCY EUR INVESTMENT PROCESS In actively managing the Compartment, the investment manager uses a combination of market and fundamental company analysis to select securities that it believes offer favourable growth prospects at a reasonable price. Terms to understand Derivatives Financial instruments whose value is linked to one or more rates, indexes, share prices or other values. Emerging markets Markets of less economically developed nations, such as some nations in Asia, Africa, Eastern Europe and Latin America. Equities Securities that represent a share in the business results of a company. Structured products Securities similar to derivatives, but with defined risk or performance characteristics. Other characteristics Designed for investors who understand the risks of this Compartment and plan to invest for 5 year(s) or more. This is a distribution share class, meaning that it intends to pay income to the holder. Orders to buy, switch or redeem shares are ordinarily processed on any day that is a full bank business day in Luxembourg. Risk and reward profile Lower Risk Higher Risk Typically lower reward Typically higher reward The Share Class is assigned to this risk category because of the price variations resulting from its currency and the nature of the Compartment's investments and strategy. The risk category shown is based on historical data and may not be a reliable indication for the future risk profile of the Share Class. It is not a target or a guarantee and may change over time. The lowest category does not mean a risk-free investment. The Compartment offers no capital guarantee or asset protection measures. The Compartment may be exposed to the following risks which are not adequately captured by the synthetic risk indicator and may negatively impact its value: - Financial Derivatives risk: the leverage resulting from derivatives amplifies losses in certain market conditions. - Counterparty risk: losses occur when a counterparty does not honour its obligations related to contracts such as over-the-counter derivatives. - Investments in emerging markets are generally more sensitive to risk events, such as changes in the economic, political, fiscal and legal environment, as well as fraud. - Investments in Mainland China may be subject to capital restrictions and trading quotas (e.g. QFII and RQFII regimes). The Compartment may encounter difficulties or delays in enforcing its rights in the event of disputes. - Chinese "Stock Connect" trading programmes may be subject to additional risks related to ownership rights, clearing & settlement, trading quotas and operational issues. - Operational risk: losses resulting from human errors, system failures, incorrect valuation and safekeeping of assets. Further information can be found in the prospectus. 1 Pictet - Global Environmental Opportunities Key Investor Information assetmanagement.pictet

18 Charges The charges you pay are used to cover the costs of running the Compartment, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. The entry, conversion and exit charges shown are maximum figures. In some cases you may pay less. You can find this out from your financial adviser or fund distributor. The ongoing charges figure is based on expenses for the period ending on 31 December This figure may vary from year to year. It excludes performance fees and portfolio transaction costs, except in the case of an entry/exit charge paid by the Compartment when buying or selling units/ shares in another collective investment undertaking. For more information on charges, please refer to the "Fund Expenses" section of the Fund s prospectus available on assetmanagement.pictet One-off charges deducted before or after you invest Entry charge (in favour of the distributor) Up to 5.00% Exit charge (in favour of the distributor) Up to 1.00% Conversion charge (in favour of the distributor) Up to 2.00% This is the maximum figure that might be taken out of your capital before it is invested and before the proceeds of your investment are paid out. Charges taken from the Share Class over a year Ongoing charges 1.27% Charges taken from the Share Class under certain specific conditions Performance fee Past performance No performance fee The Share Class was launched on 12 July 2011 (Compartment on 10 September 2010). Past performance is not a guide to future performance. The chart shows the Share Class' performance after payment of all fees, including portfolio transaction fees. Past performance has been calculated in GBP. Practical information - Depositary bank: Pictet & Cie (Europe) S.A., 15A, avenue J.F. Kennedy, L-1855 Luxembourg, Tel.: , Fax: The Fund's prospectus, the most recent annual and semi-annual reports and other information on the Fund are available, free of charge, in English or French from the Fund's registered office, 15, avenue J.F. Kennedy, L-1855 Luxembourg, Tel.: The most recent share prices and other practical information can be obtained from the Fund's registered office. - The tax laws of Grand Duchy of Luxembourg may have an effect on the investor's individual tax position. - The Fund may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Fund's prospectus. - This document describes one class of one of the Fund's compartments, while the prospectus and periodic reports cover the entire Fund. - The assets and liabilities of the Fund's different compartments are segregated. As a result, the rights of investors and creditors in relation to any one compartment are restricted to the assets of that compartment. - Provided they meet the access conditions, investors are entitled to exchange their shares for shares in another class of this Compartment or in another Fund compartment. Additional information on ways of exercising this right can be obtained from the Fund's registered office. - The details of the up-to-date remuneration policy, including but not limited to a description of how remuneration and benefits are calculated, individuals responsible for awarding the remuneration and benefits including, as the case maybe, the composition of the remuneration committee are available at PAMESA_UCITS_Remuneration_Policy and a paper copy is made available free of charge upon request at the Management Company's registered office. The Fund is authorised in Luxembourg and supervised by the Commission de Surveillance du Secteur Financier. This key investor information is accurate as at 02 July % % 15% 10% 5% % -5% -10% -15% -20% -25% PICTET - GLOBAL ENVIRONMENTAL OPPORTUNITIES - I DY GBP 2 Pictet - Global Environmental Opportunities Key Investor Information assetmanagement.pictet

19 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. Premier Ethical Fund Class C Shares A sub-fund of the Premier Growth Funds ICVC Class C Income Shares, ISIN no.gb (representative share class) & Class C Accumulation Shares, ISIN no.gb00bthh0625 Authorised Corporate Director - Premier Portfolio Managers Ltd. Objectives and investment policy The aim of the Fund is to grow the value of your original investment over the long term. The Fund will aim to invest in businesses with ethical, or socially responsible, principles. The Fund has an independent Committee of Reference which meets regularly to discuss research on topical issues relating to the Fund's ethical criteria. The Fund is actively managed which means that the Fund Manager will choose the investments, currencies and markets held in the Fund but always within the boundaries outlined in the Fund's objective and policy. Due to the investment approach adopted for the fund, the impact of portfolio transaction costs, which are paid from the assets of the fund, may be material and are in addition to the charges set out below. The full investment objective and policy, which outline all the eligible investments, are available in the Fund s prospectus. You can buy, sell and switch shares in the Fund on any UK business day. We will need to receive your instruction before 12 noon to buy shares at that day s price. Terms Explained: Accumulation Shares: any income made by the Fund will be reinvested to grow the value of your investment. Income Shares: any income made by the Fund will be paid out to you. Risk and reward profile The Risk and Reward Indicator table demonstrates where the Fund ranks in terms of its potential risk and reward. The higher the rank the greater the potential reward but the greater the risk of losing money. It is based on past data, may change over time and may not be a reliable indication of the future risk profile of the Fund. The shaded area in the table below shows the Fund s ranking on the Risk and Reward Indicator. Typically lower rewards, lower risk Typically higher rewards, higher risk The Fund is ranked as 5 because it has experienced medium to high rises and falls in value over the past five years. Please note that even the lowest ranking does not mean a risk-free investment. The Fund holds equities concentrated in ethical business sectors which can carry a higher risk than funds holding more diversified assets by sector. Equities tend to experience higher volatility than many other asset types such as corporate bonds or money market instruments. The Fund invests globally but has a strong concentration in the United Kingdom. Assets concentrated by geographic location are more vulnerable to market sentiment in that specific location and can carry a higher risk than funds holding more geographically diversified assets. The indicator may not take fully into account the following risks of investing in this fund: Liquidity risk: during difficult market conditions some securities in some locations may become more difficult to sell at a desired price. Operational risk: arising from investments in overseas markets which may not have the same level of safekeeping and other controls as UK markets. Legal or tax risk: arising from a change in legal regulations, tax rules or the application of them. A more detailed description of the risks identified as being applicable to the Fund are set out in the Risk Factors section of the Prospectus. Page 1 of 2

20 Charges 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 growth of your investment. One-off charges taken before or after you invest Entry charge 0.00% Exit charge 0.00% These are the maximum charges that we might take out of your money before it is invested and before we pay out the sale proceeds of your investment. In some cases, you might pay less and you should speak to your financial adviser about this. Charges taken from the Fund over a year Ongoing charges 1.03% Charges taken from the Fund under specific conditions Performance fee NONE Switching charge (for switching into the Fund from another fund) 0.00%. The ongoing charges figure is based on the last year s expenses and may vary from year to year. It excludes the costs of buying or selling assets for the Fund (unless these assets are shares of another fund). For more information about charges, please refer to the Fund's prospectus. For the Ongoing Charge, the figure was calculated as at 31/08/2017. Past performance You should be aware that past performance is not a guide to future performance. Fund launch date: 07/07/1986. Share/unit class launch date: 07/07/1986. Performance is calculated in GBP. Performance is net of charges (excluding entry charge) and net of tax. % Fund Practical information This document should be read in conjunction with the Supplementary Information Document (SID). For further information about the Fund, including the SID, a free English language copy of the full Prospectus, half-yearly and annual reports and accounts (which are prepared in relation to Premier Growth Funds ICVC of which the Fund is a sub-fund), please visit call us on or write to us at Premier Portfolio Managers Limited, PO Box 3733, Royal Wootton Bassett, Swindon SN4 4BG. You can also obtain other practical information including the current price of shares in the Fund on the website. You can exchange your shares for shares in other sub-funds of the Company, as and when they are available. For more information on how to switch to another sub-fund, please call us on or see the Prospectus on the website. The Fund s Depositary is Northern Trust Global Services Limited. UK tax legislation may have an impact on your personal tax position. Premier Portfolio Managers Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus for the Fund. The Fund has its own portfolio of assets and liabilities and its assets shall not be available to satisfy debts that have arisen in other sub-funds of the Company (this concept is known as segregated liability ). The Class C Income shares have been used as representative. Information about the share classes available can be found in the Prospectus. A copy of the Remuneration Policy, which includes a description of how remuneration and benefits are calculated and the identity of those who make up the Remuneration Committee, which is responsible for awarding remuneration and benefits, is available on the website ( A paper copy will be made available free of charge, upon request. The Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority. Premier Portfolio Managers Limited is authorised in the United Kingdom and regulated by the Financial Conduct Authority of 25 the North Colonnade, Canary Wharf, London, E14 5HS with registered address Eastgate Court, High Street, Guildford, Surrey, GU1 3DE. Premier Portfolio Managers Ltd is registered in England No This Key Investor Information is accurate as at 8/02/2018. Page 2 of 2

21 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. Rathbone Ethical Bond Fund (I-Class) Fund Manager: Rathbone Unit Trust Management Limited Accumulation units ISIN: GB00B77DQT14 Income units ISIN: GB00B7FQJT36 Objectives and investment policy The fund s objective is to seek regular, above-average income. Under normal circumstances, the fund invests mainly in bonds and bond market instruments that meet strict ethical and financial criteria. The fund may also invest in other securities permitted by UCITS regulations. The fund may use investment techniques and derivatives for efficient portfolio management (including hedging). The fund is managed at the fund manager s discretion without reference to any benchmark. The manager uses its own analysis to identify those individual bonds that can offer the best overall combination of price, risk, income and also meet established ethical standards. Designed for: Investors who understand the fund risks, want an investment that focuses on income, and intend to invest their money for at least five years. You can buy and sell units on each business day of the fund between 9am and 5pm. The fund offers accumulation units (units in which any income payable by the fund is reinvested) and income units (units in which any income received in the fund will be paid to the unitholder). Terms to understand Bonds: Securities that represent an obligation to repay a debt, along with interest. Derivatives: Financial instruments whose value is linked to one or more rates, indices, share prices or other values. Hedging: Using techniques to partially cancel out risks. Risk and reward profile Lower potential risk/reward Higher potential risk/reward (Not risk-free) This indicator is a measure of the fund s past volatility (the extent and rapidity of up-and-down movements of the value of an investment). It may not be a reliable indication of the fund s future risk. The risk category shown is not a target or a guarantee and may change over time. The risk indicator for this fund reflects the following: The emphasis on income helps the manager to maintain a moderate risk profile for the fund. The value of investments in the fund and the income from them may go down as well as up and you may not get back your original investment when you sell your units. During unusual market conditions, the risks normally experienced by the fund may increase significantly, and in addition, the fund may be subject to the following risks: Counterparty risk:thefundcouldlosemoneyifanentitywithwhich it does business becomes unwilling or unable to honour its obligations to the fund. Currency risk:changes in currency exchange rates could adversely affect fund performance. Default risk:the issuers of certain bonds could become unable to make payments on their bonds. Liquidity risk:during difficult market conditions, some securities may become hard to value or sell at a desired price. Management risk:investment management techniques that have worked well in normal market conditions could prove ineffective or detrimental in extreme market conditions. 1of2

22 Charges for this fund The fund manager receives an annual fee, which is included in the ongoing charges shown below. You may be eligible for lower entry charges than the maximum shown; ask your financial adviser. Ongoing charges are the same for all investors in the same class. The charges shown below are based on actual fees and expenses for the year ending 30 September One-off charges taken before or after you invest: Entry charge Exit charge none none Charges taken from the fund over a year: Ongoing charges 0.67% (Acc units); 0.67% (Inc units) Charges taken from the fund under specific conditions: Performance fee none For more information about charges, please see the ''Charges'' section of the fund s Prospectus, available by calling the Information Line or ing rutm@rathbones.com. Past performance Basis of performance: bid to bid, net income reinvested. Fund inception: 14 May I-Class units were launched 1st March Performance is based on the prices for R-Class units prior to that date. Rathbone Ethical Bond Fund (I-Class) 20% 15% 10% 5% 0% -5% -10% -15% -20% % 19.1% 14.5% 1.8% 17.7% 4.8% 10.9% 1.6% 7.1% 10.5% -4.1% 10.8% 8.4% 6.9% 13.1% 0.9% 12.2% 0.5% 10.7% 4.3% Fund IBOXX UK Sterling Non-Gilts All Maturities (no formal benchmarks, used for comparison only) Source: Financial Express and Rathbones Practical information Trustee: National Westminster Bank Plc. Additional information: This Key Investor Information Document (KIID) may not contain all the information you need. For additional information on the fund (including the Supplementary Information Document), on other units of this fund and on other funds, or to obtain a free copy of the fund s Prospectus or the annual and semi-annual unitholder reports, call the Information Line or write to the registered office, at the address below. Alternatively, visit The Prospectus and unitholder reports are in English. For fund performance and most recent unit price, go to rutm.com. The up-to-date remuneration policy of the fund manager, including, but not limited to, a description of how remuneration and benefits are calculated, the identity of persons responsible for awarding the remuneration and benefits, including the composition of the remuneration committee, is available free of charge upon request at the fund manager s registered office. A summary thereof is available on rutm.com/pi/faq.aspx. Tax: Investors should note that the tax legislation that applies to the fund may have an impact on the personal tax position of their investment in the fund. Contact your adviser to discuss tax treatment and the suitability of this investment. Notices: Rathbone Unit Trust Management Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus for the fund. Address: Rathbone Unit Trust Management Limited 8 Finsbury Circus, London EC2M 7AZ Information line: Telephone: Facsimile: rutm@rathbones.com Website: rutm.com A member of the Rathbone Group. Registered No Publication date: This Key Investor Information Document is accurate as at 15 June This fund and Rathbone Unit Trust Management Limited are authorised and regulated by the Financial Conduct Authority (FCA). 2of2

23 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. Royal London Sustainable Diversified Trust (Accumulation - Class C Shares) ISIN: GB00B79LTQ12 This Fund is managed by RLUM Limited Objectives and investment policy Objective The Fund aims to provide growth in the value of your investment over time, by investing mainly in UK shares and UK fixed income bonds. The Fund is also invested in other types of investment, such as overseas shares, overseas government bonds, overseas corporate bonds, cash, property-related investments and derivatives. Policy The investments picked for this Fund are screened in accordance with the Manager s ethical and sustainable investment policy. This policy applies an ethical screen to exclude companies that conflict with specific ethical concerns (e.g. the sale of weapons or tobacco) and a sustainable screen then applies positive criteria, seeking out companies that aim to mitigate environmental and social challenges and improve quality of life. This means the Fund will not invest in all areas of the market. Further details of this policy can be found in the Fund s Prospectus. Between 20-60% of the Fund s investments are in the shares of companies. At least half of the Fund will be invested in shares and securities of UK companies. At least 30% of the Fund s investments are in bonds issued by governments or investment grade companies. Recommendation This Fund may not be appropriate for investors who plan to withdraw their money within five years. You should aim to keep your units for at least five years, although you can sell them at any time. Bonds Securities that represent an obligation to repay a debt, with interest. Investment grade bonds are high quality bonds that are viewed as being highly likely to make all scheduled payments of interest and principal. Low quality bonds carry higher risk but also typically pay higher rates of interest. Derivative A financial instrument whose price is dependent upon or derived from one or more underlying asset. UK companies Companies which are established in the UK or which carry out a significant part of their activities in the UK Overseas companies Companies which are established outside of the UK or which carry out a significant part of their business activities outside of the UK. You can buy and sell your shares on each working day, except public holidays, at 12:00 noon if you tell us before 12:00 noon that you want to do so. Instructions received after 12:00 noon will be processed at 12:00 noon on the following working day. The following share classes are available for the Fund: Income A, Income B, Accumulation B, Income C, Accumulation C, Income D and Accumulation D. All share classes are subject to a minimum investment. If this is an income share class, any income will be paid out to you. If this is an accumulation share class, any income will be reinvested in the Fund. Risk and reward profile Lower potential risk/reward Higher potential risk/reward The Fund is shown in risk category 4 because its unit price has shown a medium level of volatility historically. As an investment, bonds are typically more volatile than money market instruments but less volatile than shares. Bonds issued by governments are typically less volatile than bonds issued by corporations. The indicator has been calculated using historical data and may not be a reliable indication of the future risk profile of the Fund. This Fund has a mixture of bonds, money market instruments and shares. The risk and reward indicator is not a measure of the expected rise or fall in capital but shows how sharply the Fund s share price has gone up and down historically. A fund whose share price has experienced sharp or large increases or decreases will sit in a higher risk category, whereas a fund whose share price has experienced small or gradual increases or decreases will sit in a lower risk category. The indicator is calculated using a standard methodology that is used by all companies offering such funds in Europe. The risk/reward indicator is an estimate and not a guarantee. Going forward, the Fund s actual volatility could be higher or lower, and its rated risk/reward profile could change. The lowest risk category does not mean the investment is risk free. The risk indicator does not adequately capture the following risks, which are materially relevant to the Fund: Concentration Risk: Funds which invest in a smaller number of securities can carry more risk than funds spread across a larger number of companies. To the extent that the Fund has exposure to an issuer, geographical area or type of security that is heavily affected by an event, either positive or negative, its value may rise or fall. Credit Risk: Issuers of certain fixed income securities could become unable to make income or capital payments on their debt. As such the value of a security will fall in the event of a rating downgrade or default of the issuer. In general fixed income securities that pay a higher level of income usually have a lower credit rating because of the increased risk of default. Interest Rate Risk: Fixed interest securities are particularly affected by trends in interest rates and inflation. If interest rates go up, the value of capital may fall, and vice versa. Inflation will also decrease the real value of capital. Exchange Rate Risk: Investing in assets denominated in a currency other than the base currency of the Fund means the value of the investment can be affected by changes in exchange rates. Liquidity Risk: In difficult market conditions the value of certain fund investments may be less predictable than normal. In some cases this may make such investments harder to sell at the last quoted market price, or at a price considered to be fair. Such conditions could result in unpredictable changes in the value of your holding. Derivative risk Investing in derivatives, including commodity derivatives, carries the risk of reduced liquidity, substantial loss and increased volatility in adverse market conditions, such as a failure amongst market participants. The use of derivatives may result in the Fund being leveraged (where economic exposure, and thus the potential for loss by the Fund exceeds the amount it has invested) and in these market conditions leverage may magnify losses. For full details of the Fund s risks, please see the prospectus which may be obtained from ( Fund-Performance--Prices/) 1of2

24 Charges The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing the Fund. These charges reduce the potential growth of the investment. One-off charges taken before or after you invest: Entry charge 0.00% Exit charge 0.00% Charges taken from the fund over a year: Ongoing charge 0.77% Charges taken from the fund under specific conditions: Performance fee none The entry and exit charge is the maximum that might be taken out of your money before it is invested or before the proceeds of your investment are paid out. The ongoing charges figure is based on expenses as at 31 January This figure may vary from year to year and does not include portfolio transaction costs. Ongoing charges are the same for all investors. For more information about charges please see the Fund s prospectus, available at ( Fund-Performance--Prices/) Past performance The graph shows fund performance over the past 10 years where available. Past performance is no guarantee of future performance. The figure for a given year shows how much the Fund increased or decreased in value during that year. These results reflect ongoing charges taken from the Fund, but do not reflect any entry charges you might have to pay. This Fund was launched on the 24 July 2009 and the share class on 26 November The Royal London Sustainable Diversified Trust (Accumulation - Class C Shares) in GBP 14% 12% 10% 8% 6% 4% 2% 0% Fund Source: RLAM and Datastream as at 31 December 2017 Past performance is not a guide to future performance and may not be repeated. The value of investments may go down as well as up and you may not get back the amount you originally invested. The chart shows performance in British pounds after the ongoing charges and the portfolio transaction costs have been paid. Entry and exit charges are excluded from calculations of past performance Practical information Trustee: HSBC Bank plc Additional Information: This Key Investor Information Document (KIID) may not contain all the information you need. For additional information on the Fund (including the Supplementary Information Document), on other share classes of this Fund and on other funds, or to obtain a free copy of the Fund s Prospectus or the annual and semiannual shareholder reports, call the information line or write to Royal London Asset Management Limited, details of which are below. Alternatively, visit The Prospectus and shareholder reports are in English. This KIID describes one share class of the Fund. The Prospectus and annual and semi-annual shareholder reports are prepared for the entire Fund across all share classes. For fund performance and most recent share price, visit Should you wish to switch share classes or funds, please see the Switching section of the Prospectus for details. Tax: Investors should note that the tax legislation that applies to the Fund may have an impact on the personal tax position of their investment in the Fund. Contact your adviser to discuss tax treatment, suitability of this investment, and other questions. Notices: RLUM Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus for the Fund. Details of the Company's remuneration policy are available at including: (a) a description of how remuneration and benefits are calculated; and (b) the identities of persons responsible for awarding remuneration and benefits. A paper copy of these details may be obtained, free of charge, on request from the Company, at the address below. This Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority (FCA). Address: Royal London Asset Management 55 Gracechurch Street, London EC3V 0RL Telephone: Website: A member of the Investment Association Publication Date: This Key Investor Information is accurate as at 15 June Key Investor Information 2of2 Royal London Sustainable Diversified Trust (Accumulation - Class C Shares)

25 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. Objectives and investment policy Objective The Fund aims to provide growth in the value of your investment over time, by investing primarily in shares but with some fixed interest securities, on a global basis. The Fund is also invested in other types of investment, such as cash, property-related investments and derivatives. Policy The investments picked for this Fund are screened in accordance with the Manager s ethical and sustainable investment policy. This policy applies an ethical screen to exclude companies that conflict with specific ethical concerns (e.g. the sale of weapons or tobacco) and a sustainable screen then applies positive criteria, seeking out companies that aim to mitigate environmental and social challenges and improve quality of life. This means the Fund will not invest in all areas of the market. Further details of this policy can be found in the Fund s Prospectus. Between 60-85% of the Fund s investments are in the shares of companies (at least half of which must be shares in overseas companies). At least 15% of the Fund s investments are in bonds issued by governments or investment grade companies. At least 50% of the Fund will be held in pound sterling or euros. Recommendation This Fund may not be appropriate for investors who plan to withdraw their money within five years. You should aim to keep your units for at least five years, although you can sell them at any time. Bonds Securities that represent an obligation to repay a debt, with interest. Investment grade bonds are high quality bonds that are viewed as being highly likely to make all scheduled payments of interest and principal. Low quality bonds carry higher risk but also typically pay higher rates of interest. UK companies Companies which are established in the UK or which carry out a significant part of their activities in the UK Overseas companies Companies which are established outside of the UK or which carry out a significant part of their business activities outside of the UK. Derivative A financial instrument whose price is dependent upon or derived from one or more underlying asset. You can buy and sell your shares on each working day, except public holidays, at 12:00 noon if you tell us before 12:00 noon that you want to do so. Instructions received after 12:00 noon will be processed at 12:00 noon on the following working day. The following share classes are available for the Fund: Income A, Income B, Accumulation B, Income C, Accumulation C, Income D and Accumulation D. All share classes are subject to a minimum investment. If this is an income share class, any income will be paid out to you. If this is an accumulation share class, any income will be reinvested in the Fund. Key Investor Information Royal London Sustainable World Trust (Accumulation - Class C Shares) ISIN: GB00B882H241 This Fund is managed by RLUM Limited Risk and reward profile Lower potential risk/reward Higher potential risk/reward The Fund is shown in risk category 5 because its unit price has shown a medium to high level of volatility historically. As an investment, bonds are typically more volatile than money market instruments but less volatile than shares. Bonds issued by governments are typically less volatile than bonds issued by corporations. The indicator has been calculated using historical data and may not be a reliable indication of the future risk profile of the Fund. This Fund has a mixture of bonds, money market instruments and shares. The risk and reward indicator is not a measure of the expected rise or fall in capital but shows how sharply the Fund s share price has gone up and down historically. A fund whose share price has experienced sharp or large increases or decreases will sit in a higher risk category, whereas a fund whose share price has experienced small or gradual increases or decreases will sit in a lower risk category. The indicator is calculated using a standard methodology that is used by all companies offering such funds in Europe. The risk/reward indicator is an estimate and not a guarantee. Going forward, the Fund s actual volatility could be higher or lower, and its rated risk/reward profile could change. The lowest risk category does not mean the investment is risk free. The risk indicator does not adequately capture the following risks, which are materially relevant to the Fund: Concentration Risk: Funds which invest in a smaller number of securities can carry more risk than funds spread across a larger number of companies. To the extent that the Fund has exposure to an issuer, geographical area or type of security that is heavily affected by an event, either positive or negative, its value may rise or fall. Credit Risk: Issuers of certain fixed income securities could become unable to make income or capital payments on their debt. As such the value of a security will fall in the event of a rating downgrade or default of the issuer. In general fixed income securities that pay a higher level of income usually have a lower credit rating because of the increased risk of default. Interest Rate Risk: Fixed interest securities are particularly affected by trends in interest rates and inflation. If interest rates go up, the value of capital may fall, and vice versa. Inflation will also decrease the real value of capital. Exchange Rate Risk: Investing in assets denominated in a currency other than the base currency of the Fund means the value of the investment can be affected by changes in exchange rates. Liquidity Risk: In difficult market conditions the value of certain fund investments may be less predictable than normal. In some cases this may make such investments harder to sell at the last quoted market price, or at a price considered to be fair. Such conditions could result in unpredictable changes in the value of your holding. Derivative risk Investing in derivatives, including commodity derivatives, carries the risk of reduced liquidity, substantial loss and increased volatility in adverse market conditions, such as a failure amongst market participants. The use of derivatives may result in the Fund being leveraged (where economic exposure, and thus the potential for loss by the Fund exceeds the amount it has invested) and in these market conditions leverage may magnify losses. For full details of the Fund s risks, please see the prospectus which may be obtained from ( Fund-Performance--Prices/) 1of2

26 Charges The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing the Fund. These charges reduce the potential growth of the investment. One-off charges taken before or after you invest: Entry charge 0.00% Exit charge 0.00% Charges taken from the fund over a year: Ongoing charge 0.77% Charges taken from the fund under specific conditions: Performance fee none The entry and exit charge is the maximum that might be taken out of your money before it is invested or before the proceeds of your investment are paid out. The ongoing charges figure is based on expenses as at 31 March This figure may vary from year to year and does not include portfolio transaction costs. Ongoing charges are the same for all investors. For more information about charges please see the Fund s prospectus, available at ( Fund-Performance--Prices/) Past performance The graph shows fund performance over the past 10 years where available. Past performance is no guarantee of future performance. The figure for a given year shows how much the Fund increased or decreased in value during that year. These results reflect ongoing charges taken from the Fund, but do not reflect any entry charges you might have to pay. This Fund was launched on the 21 September 2009 and the share class on 26 November The Royal London Sustainable World Trust (Accumulation - Class C Shares) in GBP 25% 20% 15% 10% 5% 0% Fund Source: RLAM and Datastream as at 31 December 2017 Past performance is not a guide to future performance and may not be repeated. The value of investments may go down as well as up and you may not get back the amount you originally invested. The chart shows performance in British pounds after the ongoing charges and the portfolio transaction costs have been paid. Entry and exit charges are excluded from calculations of past performance Practical information Trustee: HSBC Bank plc Additional Information: This Key Investor Information Document (KIID) may not contain all the information you need. For additional information on the Fund (including the Supplementary Information Document), on other share classes of this Fund and on other funds, or to obtain a free copy of the Fund s Prospectus or the annual and semiannual shareholder reports, call the information line or write to Royal London Asset Management Limited, details of which are below. Alternatively, visit The Prospectus and shareholder reports are in English. This KIID describes one share class of the Fund. The Prospectus and annual and semi-annual shareholder reports are prepared for the entire Fund across all share classes. For fund performance and most recent share price, visit Should you wish to switch share classes or funds, please see the Switching section of the Prospectus for details. Tax: Investors should note that the tax legislation that applies to the Fund may have an impact on the personal tax position of their investment in the Fund. Contact your adviser to discuss tax treatment, suitability of this investment, and other questions. Notices: RLUM Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus for the Fund. Details of the Company's remuneration policy are available at including: (a) a description of how remuneration and benefits are calculated; and (b) the identities of persons responsible for awarding remuneration and benefits. A paper copy of these details may be obtained, free of charge, on request from the Company, at the address below. This Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority (FCA). Address: Royal London Asset Management 55 Gracechurch Street, London EC3V 0RL Telephone: Website: A member of the Investment Association Publication Date: This Key Investor Information is accurate as at 15 June Key Investor Information 2of2 Royal London Sustainable World Trust (Accumulation - Class C Shares)

27 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. Standard Life Investments Ethical Corporate Bond Fund, a Sterling denominated sub fund of the Standard Life Investment Company II, Platform 1 Income Shares (ISIN:GB00B4LQ8T99). This fund is managed by Standard Life Investments (Mutual Funds) Limited. Objectives and Investment Policy The fund aims to provide a level of income, before charges, above that available on UK Government bonds by investing predominantly in investment grade bonds. The fund is actively managed by our investment teams who may invest in a wide range of bonds (e.g. corporate bonds including sub investment grade bonds, overseas bonds, index-linked bonds, floating rate notes (FRNs) and asset backed securities (ABSs) and/or money market instruments) in order to take advantage of opportunities they have identified and which meet our strict ethical criteria. These criteria are agreed with the Standard Life Ethical Funds Advisory Group and may be amended from time to time if considered appropriate. The fund manager will exclude companies which fail to meet the ethical criteria whilst seeking to include companies whose business activities are regarded as making a positive contribution to society. Risk and Reward Profile Lower risk Typically lower rewards This indicator reflects the volatility of the fund's share price over the last five years which in turn reflects the volatility of the underlying assets in which the fund invests. Historical data may not be a reliable indication for the future. The current rating is not guaranteed and may change if the volatility of the assets in which the fund invests changes. The lowest rating does not mean risk free. The fund is rated as {4} because of the extent to which the following risk factors apply: (a) The fund invests in securities which are subject to the risk that the issuer may default on interest or capital payments. (b) The fund price can go up or down daily for a variety of reasons including changes in interest rates, inflation expectations or the perceived credit quality of individual countries or securities. (c) Higher risk Typically higher rewards The use of derivatives carries the risk of reduced liquidity, substantial loss and increased volatility in adverse market conditions, such as a failure amongst market participants. The use of derivatives may result in the fund being leveraged (where market exposure and thus the potential for loss by The fund will routinely use derivatives to reduce risk or cost, or to generate additional capital or income at proportionate risk (Efficient Portfolio Management) or to meet its investment objective. Derivatives may be used to provide market exposures different to those that could be achieved through investment in assets in which the fund is primarily invested. Usage of derivatives is monitored to ensure that the fund is not exposed to excessive or unintended risks. Any income, for example interest income, received by the fund will be distributed. Investors in the fund may buy and sell shares on any normal business day. Recommendation: the fund may not be appropriate for investors who plan to withdraw their money within five years. Investors should satisfy themselves that their attitude to risk aligns with the risk profile of this fund before investing. the fund exceeds the amount it has invested) and in these market conditions the effect of leverage will be to magnify losses. The fund makes routine use of derivatives. (d) The fund invests in high yielding bonds which carry a greater risk of default than those with lower yields. The fund employs a single swinging pricing methodology to protect against the dilution impact of transaction costs. A change in the pricing basis will result in movement in the fund's published price. All investment involves risk. This fund offers no guarantee against loss or that the fund's objective will be attained. Past performance is not a guide to future returns and future returns are not guaranteed. The price of assets and the income from them may go down as well as up and cannot be guaranteed; an investor may receive back less than their original investment. Inflation reduces the buying power of your investment and income. The value of assets held in the fund may rise and fall as a result of exchange rate fluctuations. The fund could lose money if an entity (counterparty) with which it does business becomes unwilling or unable to honour its obligations to the fund. In extreme market conditions some securities may become hard to value or sell at a desired price. This could affect the fund's ability to meet redemptions in a timely manner. The fund could lose money as the result of a failure or delay in operational processes and systems including but not limited to third party providers failing or going into administration.

28 Charges The charges you pay are used to pay the costs of running the fund including marketing and distributing it. These charges reduce the potential growth of your investment. One off charges taken before or after you invest Entry charge: 0.00% Exit charge: 0.00% This is the maximum that might be taken out of your money before it is invested/before the proceeds of your investment are paid out. Charges taken from the fund over a year Ongoing charges: 0.66% Charges taken from the fund under certain specific conditions Performance Fees: Past Performance Standard Life Investments Ethical Corporate Bond Fund, Platform 1 Income Shares, 31 December 2017 % Returns Year Source: Standard Life Investments None The entry and exit charges shown are maximum figures. In some cases you might pay less - you can find this out from your financial adviser. The ongoing charges figure reflects the amount based on expenses for the year ending 31/10/2017. This figure may vary from year to year. It excludes: performance fees (where applicable); portfolio transaction costs, except in the case of an entry/exit charge paid by the fund when buying or selling in another collective investment undertaking. A switching charge may be applied in accordance with the Prospectus. For more information about charges please see Prospectus. For more information about charges, please see the Prospectus which is available at Performance has been calculated over the stated period based on the share price of this share class. It does not take into account any entry, exit or switching charges but does take into account the ongoing charge, as shown in the Charges section. Past performance is not a guide to future performance The fund was launched in The share class was launched in The performance of the share class is calculated in Sterling. The fund does not have an index-tracking objective. Practical Information Name of Depositary: Citibank Europe plc, UK Branch, Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB. Further information about Standard Life Investment Company II (Prospectus, report & accounts) can be found at where documents may be obtained free of charge. Other practical information (e.g. where to find latest share prices) can be found in documents held at Details of the up to date remuneration policy which includes a description of how remuneration and benefits are calculated, the identities of the persons responsible for awarding remuneration and benefits and the composition of the remuneration committee, are available at and a paper copy will be available free of charge upon request from Standard Life Investments (Mutual Funds) Limited. Prospective investors should consult their own professional advisers on the potential tax consequences of acquiring, holding or selling shares. Standard Life Investments (Mutual Funds) Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus for the Standard Life Investment Company II. Other share classes are available in the fund and further information about these can be found in the Standard Life Investment Company II Prospectus. Standard Life Investment Company II is an umbrella structure comprising a number of different sub funds, one of which is this fund. This document is specific to the fund and share class stated at the beginning of this document. However, the Prospectus, annual and half-yearly reports are prepared for the entire umbrella. The assets of a sub fund within the umbrella belong exclusively to that sub fund and shall not be used or made available to discharge (directly or indirectly) the liabilities of, or claims against, any other person or body including Standard Life Investment Company II and any other sub fund. Any liability incurred on behalf of or attributable to any sub fund shall be discharged solely out of the assets of that sub fund. Investors may switch their shares in the fund for shares in another sub fund within Standard Life Investment Company II. For further information please refer to the prospectus (section on 'Switching') which can be found at The Standard Life Investment Company II and Standard Life Investments (Mutual Funds) Limited are authorised in the United Kingdom and regulated by the Financial Conduct Authority. This Key Investor Information is accurate at 8/10/2018 Aberdeen Standard Investments is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments. Standard Life Investments Limited is registered in Scotland (SC123321) at 1 George Street Edinburgh EH2 2LL and is authorised and regulated in the UK by the Financial Conduct Authority. KIID_X3_33_Inc_N_GBP_GB_EN_

29 NON-UCITS RETAIL SCHEME 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. THREADNEEDLE UK SOCIAL BOND FUND (THE "FUND") Class Z Income Shares (GBP) GB00BF233915, a sub-fund of Threadneedle Opportunity Investment Funds ICVC (the "Company"), regulated by the FCA. This sub-fund is managed by Threadneedle Investment Services Limited (the "Management Company") (part of the Columbia and Threadneedle group of companies). Objectives and Investment Policy The aim of the Fund is to provide both income and the potential to grow the amount you invested. The Fund s investments aim to support socially beneficial activities and developments. At least two-thirds of the assets of the Fund will be in bonds that are issued in the UK. The Fund invests in bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies, governments, voluntary organisations and/or charities that engage in socially beneficial activities and development. Investments are assessed by the fund manager by reference to a social assessment methodology developed by Big Issue Invest and the Management Company. This assessment is reviewed at least quarterly by an advisory committee with two-thirds of its members being nominated by Big Issue Invest. Risk and Reward Profile The Risk and Reward Indicator table demonstrates where the Fund ranks in terms of its potential risk and reward. The higher the rank the greater the potential reward but the greater the risk of losing money. It is based on past data, may change over time and may not be a reliable indication of the future risk profile of the Fund. The shaded area in the table below shows the Fund s ranking on the Risk and Reward Indicator. Lower Risk, Typically lower rewards Higher Risk, Typically higher rewards The Fund may also invest in asset classes and instruments different from those stated above. Any income the Fund generates will be paid to you, unless you have chosen to have it reinvested. You can buy and sell shares in the Fund on any day that is a business day in London. You can find more detail on the objectives and investment policy of the Fund in the section of the prospectus with the heading Investment Objectives, Policies and Other Details of the Funds, and in Appendix I. The fund manager will make reference to the ML Sterling Non-Gilts (1-10 Y) index from 06/04/2017 as part of the investment process. Previously, the Fund made reference to no index. The Fund does not aim to track the index, and will not hold every security in the index and in theory may hold none. The fund manager may also invest in securities that are not in the index. The ML Sterling Non- Gilts (1-10 Y) index is also considered as part of Columbia Threadneedle s investment risk monitoring process, to ensure the overall level of risk taken by the fund manager is not inconsistent with the index. The Fund is rated 3 because historically it has shown a medium to low level of volatility (how much the value of the Fund goes up and down). The lowest category does not mean a risk-free investment. The value of investments can fall as well as rise and investors might not get back the sum originally invested. The Fund aims to invest in assets that are deemed to be supporting and funding socially beneficial activities and development and utilises a Social Assessment Methodology. This will affect the Fund s exposure to certain issuers, industries, sectors, and regions, and may impact the relative performance of the Fund positively or negatively, depending on whether such investments are in or out of favour. The Fund invests in securities whose value would be significantly affected if the issuer refused, was unable to or was perceived to be unable to pay. The Fund holds assets which could prove difficult to sell. The Fund may have to lower the selling price, sell other investments or forego more appealing investment opportunities. Changes in interest rates are likely to affect the Fund s value. In general, as interest rates rise, the price of a fixed rate bond will fall, and vice versa. The Fund may invest in derivatives with the aim of reducing risk or minimising the cost of transactions. Such derivative transactions may benefit or negatively affect the performance of the Fund. The Manager does not intend that such use of derivatives will affect the overall risk profile of the Fund. All the risks currently identified as being applicable to the Fund are set out in the Risk Factors section of the prospectus. Page 1 of 2

30 Charges 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 growth of your investment. One-off charges taken before or after you invest Entry Charge: 0.00% Exit Charge: 0.00% These are the maximum charges that we might take out of your money before it is invested. In some cases, you might pay less and you should speak to your financial adviser about this. Charges taken from the fund over a year Ongoing Charges: 0.45% Charges taken from the fund under specific conditions Performance Fee: NONE The ongoing charges figure is based on expenses for the year ending 25/05/17. This figure may vary from year to year. It excludes the costs of buying or selling assets for the Fund (unless these assets are shares of another fund). Past Performance 12% Fund Index* 10% 8% 6% 4% 2% Past performance is not a guide to future performance. Fund launch date: 04/12/2013 Share/unit class launch date: 04/12/2013 Performance is calculated in GBP. All charges and fees, except any entry, exit and switching charge, have been included within the performance. *ICE BofAML Sterling Non-Gilts 1-10 Yrs (Although the Fund makes reference to the index as part of the investment process, it is not intended that the performance of the Fund should track the index.) 0% -2% n/a n/a n/a n/a Source: Morningstar Practical Information Depositary: Citibank Europe plc, UK branch. You can obtain further information regarding the Fund, the Company, its Prospectus, latest annual reports and any subsequent half-yearly reports free of charge from the Management Company. The documents are available in English. You can obtain other practical information, including current share prices, at columbiathreadneedle.com. Details of the remuneration policy, including a description of how remuneration and benefits are calculated and the persons responsible for awarding them (including the composition of the remuneration committee), are available at columbiathreadneedle.com. A paper copy is available free of charge upon request. The tax legislation of the United Kingdom may have an impact on your personal tax position. Threadneedle Investment Services Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the Non-UCITS. This document describes a single fund of the Company. The prospectus and reports are prepared for the entire Company. The assets of the Fund are segregated by law cannot be used to pay the liabilities of other funds of the Company. You may exchange your shares for shares of other funds of the Company, if available. Details can be found in the section of the prospectus with the heading "Switching/Converting". Details of other share classes of the Fund can be found in the Prospectus or at columbiathreadneedle.com. This Fund is authorised in the United Kingdom, and regulated by the Financial Conduct Authority. Threadneedle Investment Services Limited is authorised in the United Kingdom, and regulated by the Financial Conduct Authority. This Key Investor Information is accurate as at 12/01/2018. Page 2 of 2 en-gb