A CAREFULLY SELECTED BLEND OF OPPORTUNITIES A FINANCIAL ADVISER S GUIDE TO OUR INVESTMENT PROPOSITION NOVEMBER 2017

Transcription

1 A CAREFULLY SELECTED BLEND OF OPPORTUNITIES A FINANCIAL ADVISER S GUIDE TO OUR INVESTMENT PROPOSITION NOVEMBER 017 THIS GUIDE INTRODUCES AND EXPLAINS OUR INVESTMENT PROPOSITION AND HOW YOU CAN IDENTIFY THE BEST SOLUTION FOR EACH OF YOUR CLIENTS WHICH SUPPORTS THEIR FINANCIAL PLAN.

2 THE PERFECT BLEND TO MEET YOUR CLIENT S OBJECTIVES Much consideration went into creating a spice box. The individual spices were considered at length and so too was their overall potential. Were the spices complementary? Inspirational? Would they encourage the creation of innovative and interesting dishes? Carefully crafted boxes were customised for their recipients and no two were ever the same. In addition, it was important that the box itself had an overall purpose. A baking box for instance, might house cinnamon, all spice, vanilla and cloves a hot box would include chilli, horseradish, mustard and pepper. And so it is with investing. Like the spice box analogy, mixing/blending/arranging the appropriate investments requires careful planning and on-going monitoring to ensure that you always have the correct mix for the goal you would like to achieve whether it s an exotic lamb tagine, or an investment that meets a specific goal. Every client is different and has different needs and goals. Some may have needs that require a more complex solution whereas others may be best served by a neatly packaged solution. However, when deciding on what type of investment is best suited to meet your client s investment needs and goals, there are other factors which you need to take into consideration. These include: Attitude to cost Need for involvement Investment knowledge and experience Need for breadth of investment choice Appetite for risk OLD MUTUAL INTERNATIONAL PROVIDES A RANGE OF SOLUTIONS SUPPORTED BY A ROBUST, CLIENT-FOCUSED INVESTMENT PROCESS International provides: A suite of investment options to meet a broad range of client needs. A robust research process that makes it straightforward for you to recommend these options in a fully compliant and cost-effective way. An investment proposition that allows you to adapt and change the portfolios in line with your clients changing needs, objectives and goals.

3 OLD MUTUAL INTERNATIONAL S INVESTMENT SOLUTIONS At International, we have provided investment solutions that suit specific needs and goals for your clients. They are: MANAGED SOLUTIONS A range of inflation-targeted packaged solutions managed by. Each fund has an asset allocation designed to maximise the expected returns for specific risk levels. They aim to achieve this balance between returns and risk by combining fund managers who specialise in different market areas. RESEARCHED RANGE A range of funds covering all major asset classes from 11 global asset management companies, all assessed and accredited by our investment team using a stringent selection process. Our research notes are shared with you to help reduce the burden of due diligence. SELF SELECT RANGE A wide range of funds from both local and international asset management companies designed to help you to meet the specific needs of your clients with added precision. AUTHORISED CUSTODIAN FACILITY For ultimate choice for experienced investors or those wanting a truly bespoke solution, possibly with the assistance of a Discretionary Manager. We have based our investment solutions on 4 key elements; choice, global brands, value and intelligence to ensure that we are able to cater for your clients investment needs.

4 OLD MUTUAL INTERNATIONAL MANAGED SOLUTIONS International Managed Solutions aim to help your clients to meet their financial goals and investment objectives by targeting appropriate inflation-linked returns. We offer a range of funds to meet your clients requirements. The five inflation-targeted funds are each designed to achieve the best possible returns by beating the given inflation targets over the medium to long term, while remaining within the accepted risk tolerances. Investments typically include property, bonds and equities, with higher risk funds favouring equities REONS TO RECOMMEND GLOBAL BRANDS The Managed Solutions are managed by, our award-winning Fund Management company, who combine both asset allocation and manager selection to achieve the long-term inflation plus targets. VALUE The Managed Solutions provide your clients with cost-effective, understandable investment solutions to meet their long-term investment needs. The funds are continuously reviewed, to ensure that each fund reflects its long-term investment targets, keeping them current and consistent with what they are designed to achieve. The Managed Solutions offer you outsourced asset allocation and manager selection, importantly, allowing you to spend more time assisting your client in planning how to achieve their long-term investment objectives. They are straightforward to implement as they are single packaged funds. CHOICE The Managed Solutions provide your clients with five inflation-targeted funds designed to help them achieve a specific financial or investment objective such as overseas university fees for their children. These funds aim to achieve the returns over the medium to long term. Investments typically include property, bonds and equities, with higher risk funds favouring equities. INTELLIGENCE The Managed Solutions can be closely aligned to your clients investment objectives. Each fund has been carefully designed to meet an inflation-linked objective in the long term and uses a broader range of investments including derivatives and alternatives. We provide specific fund factsheets and manager information to assist both you and your client in making the appropriate investment decisions. We offer a selection of investment tools to help to ensure the funds chosen meet the needs of your clients. Our risk profiling tool has been developed to determine each client s risk level. Once the client s risk score has been calculated, the appropriate fund in the Old Mutual International Managed Solutions range can be matched to the client s risk and return requirements. WHO MIGHT IT BE SUITABLE FOR? International Managed Solutions are potentially attractive for those who: Place a high value on the best-quality active management and asset allocation; Are happy to have exposure to specialised investment managers via a packaged solution; See value in professional portfolio management; Don t want a high level of involvement in fund selection or portfolio management; and Prefer to focus advice reviews on taxation / financial planning rather than on complicated investment management matters. The Managed Solutions can be used as a single packaged solution or as a core holding and complemented by funds from our Researched Range or Self Select Range to enable you to meet your clients needs with added precision. 4

5 OLD MUTUAL INTERNATIONAL RESEARCHED RANGE Our Researched Range brings together the expertise of leading global fund managers from well-known high-quality asset management brands. The range offers you and your clients funds across all the major asset classes and geographical regions at attractive prices. The funds and fund managers in this range are constantly monitored by the Multi-Asset team at to ensure they perform as expected and continue to meet our high standards. REONS TO RECOMMEND GLOBAL BRANDS The scale and strength of both and give you and your client access to the skills of the world s leading fund managers. Our Researched Range brings together the leading global fund managers and well known asset management brands, across all the major asset classes, at attractive prices. The managers have been initially selected from 11 fund management companies, all of whom are widely recognised as high-quality investment houses. VALUE The Researched Range provides your clients with a cost effective international alternative to invest in the global markets. The scale and strength of both and Old Mutual provides the negotiating power to get you and your clients highly competitive deals. By using our Researched Range of funds, you can cut down on the time and resources needed to research and conduct due diligence on funds and asset managers. We have done this for you by researching the fund and fund manager universe on your behalf. To support you and to provide evidence on why we have selected these funds and managers, we will provide you with a quarterly research sheet for each fund. These research sheets will give you the view of Portfolio Manager on each fund management company, the fund itself and the performance of the fund. CHOICE diversity. You can help your clients to build an international portfolio using these funds or use some of these funds as part of your client s portfolio and complement the investment by adding other funds from our Managed Solutions or Self Select Range to enable you to meet your client s investment objectives. INTELLIGENCE We have carefully selected the fund managers in the Researched Range from 11 of the world s leading asset management companies. These complement the funds offered by (OMGI), our leading global group asset management company. We have used our expertise to choose these fund managers. Whilst we have chosen these fund managers with a view of their suitability for the long term, we have the flexibility to add, replace or remove fund managers and/or asset management companies from the Researched Range, where appropriate. WHO MIGHT IT BE SUITABLE FOR? The funds in the International Researched Range are potentially attractive for clients who: Place a high value on a long track record in great quality active management and asset allocation; Want exposure to specialised international investment managers; Are looking to invest in international equity and bond markets utilising the knowledge of some of the leading offshore fund management companies; and Want some involvement in fund selection or portfolio management, but may prefer to focus advice reviews on taxation / financial planning rather than on complicated investment management matters. These fund management companies, all of whom are recognised as high-quality investment houses in the global arena, offer a broad range of strategies and are home to some of the best fund managers in the industry. The Researched Range provides your clients access to all major asset classes as well as offering geographic 5

6 OLD MUTUAL INTERNATIONAL SELF SELECT RANGE Our Self Select Fund Range gives your clients access to a wide range of funds across all the major asset classes. REONS TO RECOMMEND GLOBAL BRANDS Our Self Select Range brings together some of the best known asset management brands in South Africa, across all the major asset classes. These offer a compelling range of investment alternatives to complement our Managed Solutions and Researched Range of funds. CHOICE The fund management companies and their funds available via our Self Select Range generally have a presence in the South African market to ensure regular feedback is available to you. The range enables you to build a portfolio to suit your client s financial goals and attitude to risk, utilising funds from both well-known international and South African fund management groups. This range may provide access to assets which might not be normally available to an individual investor, and it is important to review the assets with care to ensure your clients are aware of the risks relating to the assets. You can help your clients build a portfolio using these funds or use some of these funds as part of your client s overall portfolio and complement the investment by adding other funds from our Managed Solutions or Researched Range to enable you to help meet your client s investment objectives. VALUE Due to the size and strength of, we are generally able to negotiate attractive fund management fees on these funds which provides value for money. INTELLIGENCE We sift through market feedback from advisers and clients alike on what funds are required to meet specific client needs. We then look at our investment proposition as a whole to see if the fund will help meet client needs and objectives. Whilst we do not conduct full research on the funds included in the Self Select range, we aim to ensure the range provides sufficient diversification covering areas such as asset classes, currency exposure and geographic diversity. WHO MIGHT IT BE SUITABLE FOR? International Self Select Range is potentially attractive for those who: Place a high value on active management and asset allocation. Want exposure to investment solutions from local fund management companies. Who want to be involved in fund research and selection or portfolio management. 6

7 OLD MUTUAL INTERNATIONAL AUTHORISED CUSTODIAN FACILITY The Authorised Custodian Facility provides your clients with the freedom to implement an investment strategy that meets their needs and expectations, together with the option to appoint a third party expert. REONS TO RECOMMEND GLOBAL BRANDS The scale and strength of both and give you and your clients access to the skills of the world s leading fund managers. In addition to this, through our Authorised Custodian Facility, you and your clients have even greater freedom to use fund management companies of your choice in conjunction with some of the best known custodians in the market. CHOICE The Authorised Custodian Facility offers your clients access to an extensive range of collective investment schemes (OEICs, SICAVs, Fs or unit trusts), assets quoted on recognised stock exchanges acceptable to us and various currency deposits. Your clients can choose from a range of authorised custodians with whom we have agreed terms of business. These are companies with stock brokering licences and who act as custodians for the assets purchased. We recommend that you and your clients consult with a qualified professional such as a Fund Adviser when selecting and investing in the funds or assets. INTELLIGENCE Responding to market demand, International designed the Authorised Custodian Facility specifically for the sophisticated investor. International ensures that the range of custodians available is monitored so that a prudent range of investment options is available to your clients, providing they have a minimum investment amount of 100,000. WHO MIGHT IT BE SUITABLE FOR? The International Authorised Custodian Facility is suitable for clients who: Are sophisticated investors requiring access to assets not catered for with the other fund ranges Want to be fully involved in all the investment decisions. We do recommend that clients choosing an Authorised Custodian Facility consult with a qualified professional, including a Fund Adviser, when selecting and investing in the funds and assets. Fund Advisers should provide advice on the right asset allocation needed to achieve your client s investment objectives and may give instruction to put these in to effect. Your client can hold assets in the Managed Solutions, Researched Range, Self Select Range and the Authorised Custodian Facility components of the Investment Portfolio+ at the same time, and move between the different investment options. The availability of any particular custodian is not an indication of their suitability or their financial strength and it is you and your client s responsibility to ensure you review and monitor the custodian you have selected. 7

8 SESS SUITABILITY When assessing suitability, in addition to investment goals, risk level and time scales you should also consider range of other factors, such as; MANAGED SOLUTION RANGE RESEARCHED RANGE SELF SELECT RANGE AUTHORISED CUSTODIAN FACILITY 1. ATTITUDE TO COST LOW TOLERANCE FOR COSTS MODERATE. NEED FOR INVESTMENT BREADTH LOW INVESTMENT BREADTH HIGH. INVESTMENT KNOWLEDGE AND EXPERIENCE LOW INVESTMENT KNOWLEDGE HIGH 4. NEED FOR INVOLVEMENT IN INVESTMENT DECISIONS LOW INVOLVEMENT IN INVESTMENT DECISIONS HIGH 8

9 THE INVESTMENT PORTFOLIO+ AIMS TO PROVIDE THE POTENTIAL FOR GROWTH OF YOUR CLIENTS SETS OVER THE LONG TERM.

10 KEY TO INVESTMENT CHOICES LIST THE KEY PROVIDES AN EXPLANATION FOR THE HEADS ON THE INVESTMENT CHOICES LIST. INDICATOR The system code required to identify that the client has selected the correct corresponding fund. The name by which the fund is known within Investment Portfolio+. The fund name also states the currency of the fund in which the price is calculated. ADVISER This is the adviser to the fund and/or to the underlying fund. SET CLS The asset class into which the fund invests. INVESTMENT OBJECTIVE This states the aim that the fund seeks to achieve. Please note there is no guarantee that the investment objective will be met. For Self Select funds the objective is based on Isle of Man s understanding of the objective of the underlying fund and is not set out or endorsed by Isle of Man. RAT The risk rating refers to the volatility of the returns of the fund over the last five years. Standard deviation is a common measure used to demonstrate a fund s volatility, which indicates the tendency of the returns of a fund to rise or fall over a period of time. The standard deviation measures the degree to which the fund fluctuates in relation to its average return over a period of time. A low standard deviation indicates that the fund s fluctuation is close to the average whereas high standard deviation indicates that the fluctuation is more widely spread out from the average. The standard deviation of the fund over the last five years is calculated using past returns history. Where a fund hasn t been in existence on the fund range long enough to generate the required five year history of returns, we have used the standard deviation of the available returns of the fund, along with the standard deviation of the available returns of a suitable sector benchmark for the remaining time period. This standard deviation figure is then assigned to a relevant volatility interval. The volatility intervals have then each been allocated a risk rating from 1 to 5 as shown below, with 1 being low and 5 being high. VOLATILITY RAT 5 or less or more 5 10

11 FAC Additional risk factors are identified where appropriate for certain funds. These tend to be generic in nature. Certain funds may carry highly specific risk factors. Where these exist, they will be highlighted in the relevant fund factsheet. Please note that the absence of an identified risk factor does not imply a fund is risk-free. The risk factor identifies certain risks that may not be obvious from the name or objective of the fund. FACTOR CHARACTERISTICS Alternative strategies () Property (P) Currency (C) Timing (T) Part or all of the fund or the underlying fund invests in alternative strategies. Although funds that invest in alternative strategies generally aim to achieve returns with a lower level of volatility, alternative strategies carry unique risks, including significant delays in processing switches, encashments or claims. Part or all of the fund or the underlying fund invests in property. There are many types of property investment, but some of these may have specific risks such as low levels of liquidity and difficulty in valuing the underlying property investment. This could result in significant delays in processing switches, encashments or claims. Part or all of the fund or the underlying fund invests in assets which are priced in a currency other than the currency of the fund. This means that even if the asset increases in value in its valuation currency, the fund may show a reduction in price due to exchange rate movements. All of the funds provided by Isle of Man are priced on a daily basis. Counterparty () Part or all of the fund or the underlying fund invests in an underlying asset, the security of which is dependent on the creditworthiness of a third party. Specialist (S) Special risks have been identified for this fund. Further details are given in the relevant fund factsheet. CUSTODIAN The Custodian Access Fee is a custodian specific fee paid to Isle of Man, the amount of the fee may vary depending on the custodian. It is an additional annual fee payable against the Fund Value of Assets held with the Authorised Custodian at the previous Quarterly Date or Contribution amount. The minimum Custodian Access Fee is 00 per annum. Please refer to Investment Choices List and also to the Investment Portfolio+ General Conditions. The Fund Access Fee is a fund specific fee paid to Isle of Man, the amount of the fee may vary depending on the fund. It is an additional annual fee payable against the Fund Value of the Assets at the previous Quarterly Date or Contribution amount. Please refer to the table below and also to the Investment Portfolio+ General Conditions. UNDERLY CHARGES PERFOR The Annual Fund Management Charge levied on the underlying fund expressed as a percentage of the fund value. The fund s initial charge levied on investments into the underlying fund expressed as a percentage of all investments made. For the majority of funds, Old Mutual Isle of Man has been able to negotiate an initial charge of zero. Performance-related fees levied on the underlying fund. They are generally only taken when the underlying fund meets certain pre-defined performance criteria and are expressed as a percentage of the underlying fund value. These only apply to certain funds. It is the responsibility of the investor, in conjunction with their financial adviser, to determine the suitability of any fund for their individual circumstances. Please note that fees and charges can be reviewed and amended at any time in line with the Investment Portfolio+ General Conditions. 11

12 OMIM INVESTMENT CHOICES LIST CAPSCO MANAGED SOLUTIONS SET CLS UNDERLY CHARGES 549 OMIM GBP Compass Portfolio 549 OMIM EUR Compass Portfolio 5491 OMIM USD Compass Portfolio The Fund aims to provide long-term capital growth. It invests in a diversified portfolio of investments including, but not limited to, cash, fixed interest, commodities, currency, equities and derivatives. The investments in the fund have been carefully combined with the aim of keeping the variability of returns comparatively low., 0,10 0,80 Nil No 5489 OMIM GBP Compass Portfolio 5490 OMIM EUR Compass Portfolio 5488 OMIM USD Compass Portfolio The Fund aims to provide long term capital growth. It invests in a diversified portfolio with a long term asset allocation of global equities, fixed interest securities, cash and alternative investments. Focus is placed on minimising overall volatility., 0,10 1,00 Nil No 5486 OMIM GBP Compass Portfolio OMIM EUR Compass Portfolio OMIM USD Compass Portfolio 4 The Fund aims to provide long term capital growth. It invests in a diversified portfolio with a long term asset allocation of global equities, fixed interest securities, cash and alternative investments., 0,10 1,00 Nil No 548 OMIM GBP Compass Portfolio OMIM EUR Compass Portfolio OMIM USD Compass Portfolio 5 - Aggressive The Funds aims to provide long term capital growth through a diversified portfolio of global securities. Performance is sought through a combination of stock selection and asset allocation between markets. It should be noted that the precise split of assets will vary with market movements but will be strictly controlled within defined ranges. 4, 0,10 1,00 Nil No 5411 OMIM GBP Dynamic Bond Plus OMIM EUR Dynamic Bond Plus 540 OMIM USD Dynamic Bond Plus I plus 1- over a rolling year period. The fund seeks to provide longterm return from capital growth and income., 0,10 0,60 Nil No OMIM GBP Conservative Plus 5409 OMIM EUR Conservative Plus OMIM USD Conservative Plus The Fund aims to provide long-term capital growth. It invests in a diversified portfolio of investments including, but not limited to, cash, fixed interest, commodities, currency, equities and derivatives. The investments in the fund have been carefully combined with the aim of keeping the variability of returns comparatively low. C 0,10 0,80 Nil No OMIM GBP Diversified Plus 5404 OMIM EUR Diversified Plus OMIM USD Diversified Plus The Fund aims to provide long term capital growth. It invests in a diversified portfolio with a long term asset allocation of global equities, fixed interest securities, cash and alternative investments. Focus is placed on minimising overall volatility. P 0,10 1,00 Nil No 5405 OMIM GBP Growth Plus 5406 OMIM EUR Growth Plus OMIM USD Growth Plus - Aggressive The Fund aims to provide long term capital growth. It invests in a diversified portfolio with a long term asset allocation of global equities, fixed interest securities, cash and alternative investments. P 0,10 1,00 Nil No OMIM GBP Dynamic Equity Plus OMIM USD Dynamic Equity Plus OMIM EUR Dynamic Equity Plus - Aggressive The Fund aims to provide long term capital growth through a diversified portfolio of global securities. Performance is sought through a combination of stock selection and asset allocation between markets. It should be noted that the precise split of assets will vary with market movements but will be strictly controlled within defined ranges. 4, 0,10 1,00 Nil No RESEARCHED RANGE EQUITIES - IA Aberdeen Asia Pacific OMIM EUR OMGI Aberdeen Asia Pacific OMIM USD OMGI Aberdeen Asia Pacific Equity - Asia The objective of the Fund is to achieve capital growth by investing primarily in the shares of companies in the Asia Pacific region excluding Japan. The Fund may also invest in other transferable securities, collective investment schemes, money market instruments, and deposits. S 0,0 0,75 Nil No 5417 Asia Pacific Equity - Asia To achieve long term capital growth through the active management of a diversified portfolio of securities. There will be no geographic or economic restrictions but principally, investment will be in securities traded on Asian and Australasian stock markets. 4 S 0,0 0,75 Nil No 1 This is based on Isle of Man s understanding of the objectives of the Underlying Fund, and is not set or endorsed by Isle of Man. The investment objective of the OMIM funds is to match the investment objective of its corresponding Underlying Fund. 1

13 CAPSCO SET CLS UNDERLY CHARGES RESEARCHED RANGE EQUITIES - IA (continued) Invesco Perpetual Asian OMIM USD OMGI Invesco Perpetual Asian Equity - Asia The Fund aims to achieve capital growth in Asia and Australasia, excluding Japan. The Fund intends to invest primarily in shares of companies in Asia and Australasia (excluding Japan), although it may include other Asian and Australasian related investments. 4 S 0,0 0,75 Nil No 540 Asian Equity Equity - Asia (ex Japan) The Fund aims to achieve asset growth through investment in a well-diversified portfolio of securities of Asian issuers or of issuers established outside the Asian region which have a predominant proportion of their assets or business operations in the Asian region. 5 S 0,0 0,75 Nil No 541 OMIM EUR OMGI Asian Equity Equity - Asia (ex Japan) The Fund aims to achieve asset growth through investment in a well-diversified portfolio of securities of Asian issuers or of issuers established outside the Asian region which have a predominant proportion of their assets or business operations in the Asian region. 5 S 0,0 0,75 Nil No 54 OMIM USD OMGI Asian Equity Equity - Asia (ex Japan) The Fund aims to achieve asset growth through investment in a well-diversified portfolio of securities of Asian issuers or of issuers established outside the Asian region which have a predominant proportion of their assets or business operations in the Asian region. 5 S 0,0 0,75 Nil No EQUITIES - CHINA OMIM USD OMGI China Equity China & Hong Kong Long term capital growth through investment in a diversified portfolio of equity securities of companies with assets or revenue derived from China, Hong Kong or Taiwan. 4 S 0,0 0,75 Nil No Henderson China Opps OMIM USD OMGI Henderson China Opps Equity - China The Fund aims to achieve a total return, in excess of the long-term return that is typically achieved from investments in Hong Kong and Chinese equity markets. 4 S 0,0 0,75 Nil No EQUITIES - EMERG MARKETS OMIM EUR OMGI Emerging Markets OMIM USD OMGI Emerging Markets Emerging Markets Equity - Emerging Market The Fund aims to achieve asset growth through investment in a well-diversified portfolio of equity securities of issuers in the Emerging Markets or of issuers established outside of the Emerging Markets, which have a predominant proportion of their assets or business operations in the Emerging Markets and which are listed, traded or dealt in on a Regulated Market in Emerging Markets worldwide. It is not proposed to concentrate investments in any one industry or sector. 5 S 0,0 0,75 Nil No JPM Emerging Markets OMIM USD OMGI JPM Emerging Markets Equity - Emerging Market The fund seeks to provide long term capital growth by investing primarily in Equity and Equity-Linked Securities of Emerging Markets companies. 4 S 0,0 0,75 Nil No EQUITIES - EUROPE OMIM EUR OMGI European Best Ideas OMIM USD OMGI European Best Ideas European Best Ideas Equity - European Long term capital growth through investment in a diversified portfolio of Continental European equity securities. The fund may take a flexible approach to stock selection to improve returns in the long term with a risk of higher volatility. C 0,0 0,75 Nil No OMIM USD OMGI European Equity OMIM EUR OMGI European Equity Henderson European OMIM USD OMGI Henderson European Threadneedle European Select Equity - European Equity - European Equity - European The Fund aims to achieve asset growth through investment in a well-diversified portfolio of securities of European issuers or of issuers established outside Europe which have a predominant proportion of their assets or business operations in Europe. It is not proposed to concentrate investments in any one industry or sector. The fund seeks to achieve long-term capital growth. The Fund will invest principally in the securities of European companies. In addition to ordinary shares, the Fund may also invest in preference shares, debt securities convertible into ordinary stocks and shares, money-market instruments, and deposits. The fund seeks to achieve capital growth. The Fund s investment policy is to invest mainly in a relatively concentrated portfolio of equities of companies domiciled in Continental Europe or which have significant Continental European operations. 4 C 0,0 0,75 Nil No 4 C 0,0 0,75 Nil No C 0,0 0,75 Nil No 545 OMIM USD OMGI Threadneedle European Select Equity - European The fund seeks to achieve capital growth. The Fund s investment policy is to invest mainly in a relatively concentrated portfolio of equities of companies domiciled in Continental Europe or which have significant Continental European operations. C 0,0 0,75 Nil No 1 This is based on Isle of Man s understanding of the objectives of the Underlying Fund, and is not set or endorsed by Isle of Man. The investment objective of the OMIM funds is to match the investment objective of its corresponding Underlying Fund. 1

14 OMIM INVESTMENT CHOICES LIST CAPSCO RESEARCHED RANGE (continued) EQUITIES - GLOBAL SET CLS UNDERLY CHARGES Best Ideas OMIM EUR OMGI Best Ideas Fidelity Focus OMIM USD OMGI Fidelity Focus Newton Income OMIM USD OMGI Newton Income 5407 OMIM USD OMGI World Equity 5408 Equity The fund aims to provide long term total return from capital growth and income through investment in global securities. The Fund s investment objective is to achieve long term capital growth from a diversified portfolio primarily made up of the shares of companies from around the world. To invest primarily in the shares of companies throughout the world engaged in the production and marketing of commodities. The Fund aims to provide capital growth over the long term. Long term capital growth through investment in a portfolio of internationally diversified equity securities. "The aim of the fund is to achieve long term capital growth through the active management of a diversified portfolio invested C 0,0 0,75 Nil No C 0,0 0,75 Nil No S 0,0 0,75 Nil No C 0,0 0,75 Nil No 4, 0,0 0,75 Nil No EQUITIES JAPAN OMIM USD OMGI Japanese Equity OMIM EUR OMGI Japanese Equity Japan Long term capital growth through investment in a diversified portfolio of Japanese equity securities. S 0,0 0,75 Nil No Schroder Tokyo 5450 OMIM USD OMGI Schroder Tokyo Japan The Fund s investment objective is to achieve capital growth through participation in the growth of the Japanese economy. S 0,0 0,75 Nil No EQUITIES - NORTH AMERICA North American Equity OMIM EUR OMGI North American Equity OMIM USD OMGI North American Equity OMIM USD OMGI US Equity Income US Equity Income OMIM EUR OMGI US Equity Income Schroder US Mid Cap OMIM USD OMGI Schroder US Mid Cap North America Equities - North America Equities - North America The fund seeks to achieve long term capital growth through the active management of a diversified portfolio invested primarily in North American stock markets. The aim of the underlying fund is to seek to achieve asset growth through investment in a diversified portfolio of equity and equity related securities. The Fund s investment objective is to provide capital growth and income primarily through investment in equity securities of medium-sized US companies. C 0,0 0,75 Nil No C 0,0 0,75 Nil No C. S 0,0 0,75 Nil No EQUITIES - UK Artemis Income Newton UK Opportunities 5418 UK Alpha Woodford Equity Income UK Smaller Companies UK UK UK UK UK To achieve a rising income combined with capital growth from a portfolio primarily made up of investments in the United Kingdom. The underlying fund aims to achieve long term capital growth by investing primarily in the shares of companies incorporated or listed in the UK and will typically invest in the shares of fewer than fifty companies. The underlying fund does not have a bias towards any economic sector or company size. The fund aims to maximise capital growth through investment in a portfolio of predominantly UK equities The Fund aims to achieve income together with capital growth by investing primarily in the shares of companies listed in the UK. To provide capital growth from investing primarily in a portfolio of UK smaller companies. C 0,0 0,55 Nil No 4 S 0,0 0,75 Nil No 4 S, 0,0 0,75 Nil No 5 S 0,0 0,75 Nil No S 0,0 0,75 Nil No COMMODITIES Blackrock Gold and General OMIM USD OMGI Blackrock Gold and General JPM Natural Resources OMIM USD OMGI JPM Natural Resources Commodities Commodities The Fund seeks to achieve long term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious metal related shares. The Fund aims to invest primarily in the shares of companies throughout the world engaged in the production and marketing of commodities. The Fund aims to provide capital growth over the long term. 5 S 0,0 0,75 Nil No 5 S 0,0 0,75 Nil No 1 This is based on Isle of Man s understanding of the objectives of the Underlying Fund, and is not set or endorsed by Isle of Man. The investment objective of the OMIM funds is to match the investment objective of its corresponding Underlying Fund. 14

15 CAPSCO SET CLS UNDERLY CHARGES RESEARCHED RANGE (continued) PROPERTY OMIM GBP Henderson UK Property Henderson Property The objective of the Fund is to achieve a high income together with some growth of both income & capital through investment primarily in commercial property and property related assets. Other investments may include money market instruments, derivatives and forward foreign exchange contracts. 1 P 0,0 0,75 Nil No OMIM USD OMGI Property Securities Property Securities Property The Fund seeks to achieve long term capital growth and income through investment in a globally diversified portfolio of property related securities. 1 0, 0,75 Nil No INDEX OMIM USD MSCI Africa ex-south Africa Index OMIGSA - Dibanisa Fund Managers Index The objective of the Fund is to track the risk and return characteristics of the MSCI EFM Africa ex ZA IMI, which takes into account both capital and income, reflecting the total return of a diversified portfolio of African equity securities. 4 0,0 0,75 Nil No FIXED INTEREST Fidelity Strategic Bond OMIM USD OMGI Fidelity Strategic Bond Strategic Bond The Fund s investment objective is to achieve income with the possibility of capital growth from a portfolio primarily invested in sterling denominated (or hedged back to sterling) fixed interest securities. C 0,0 0,55 Nil No Fidelity Moneybuilder Income Fixed Income The Fund s investment objective is to achieve income from a portfolio primarily invested in sterling-denominated (or hedged back to sterling) fixed interest securities. 1 C 0,0 0,55 Nil No Investment Grade Corporate Bond OMIM USD OMGI Investment Grade Corporate Bond Corporate bond The Fund aims to achieve income and capital growth predominantly through investment in a well-diversified portfolio of credit securities rated Investment Grade. 0,0 0,55 Nil No Monthly Income Bond Fixed Income The fund aims to maximise total return by investing primarily in a diversified portfolio of fixed, variable and zero rate bond investments, including convertible securities. There are no specific restrictions as to the economic sectors or geographic areas that the scheme may invest in. 0,0 0,55 Nil No Threadneedle High Yield Bond High yield bond The fund seeks to achieve income. The Fund s investment policy is to invest principally in higher risk UK and international fixed interest securities. C 0,0 0,55 Nil No 545 OMIM USD OMGI Threadneedle High Yield Bond High yield bond The fund seeks to achieve income. The Fund s investment policy is to invest principally in higher risk UK and international fixed interest securities. C 0,0 0,55 Nil No 548 Monthly Income High Yield Bond Fixed Income The objective of the Fund is to seek to achieve a total return through a combination of income and capital growth from a well-diversified portfolio predominantly comprising of fixed and variable rate debt securities located worldwide. C 0,0 0,55 Nil No 549 OMIM USD OGI Monthly Income High Yield Bond Fixed Income The objective of the Fund is to seek to achieve a total return through a combination of income and capital growth from a well-diversified portfolio predominantly comprising of fixed and variable rate debt securities located worldwide. C 0,0 0,55 Nil No ABSOLUTE RETURN Equity Absolute return OMIM USD OMGI Equity Absolute return OMIM EUR OMGI Equity Absolute return Absolute Return The objective of the fund is capital appreciation while closely controlling risk. The fund intends to deliver absolute returns that have a low correlation with equity and bond markets. S 0,0 0,75 Nil Yes Absolute Return Government Bond OMIM EUR OMGI Absolute Return Government Bond OMIM USD OMGI Absolute Return Government Bond Absolute Return The Fund s objective is to seek to deliver positive total returns on a rolling twelve month basis with stable levels of volatility uncorrelated to bond and equity market conditions. 0,0 0,55 Nil Yes EMERG MARKETS DEBT OMIM USD OMGI Local Currency Emerging Mkt Debt Local Currency Emerging Mkt Debt OMIM EUR OMGI Local Currency Emerging Mkt Debt Emerging Market Debt The Fund aims to achieve total return through investment in a well-diversified portfolio of fixed and variable rate debt securities issued in the Emerging Markets worldwide and which are primarily denominated in the local currency of the issuer. 0,0 0,75 Nil No 1 This is based on Isle of Man s understanding of the objectives of the Underlying Fund, and is not set or endorsed by Isle of Man. The investment objective of the OMIM funds is to match the investment objective of its corresponding Underlying Fund. 15

16 OMIM INVESTMENT CHOICES LIST CAPSCO SELF SELECT S EQUITIES - BRIC SET CLS UNDERLY CHARGES OMIM USD Templeton BRIC 5414 OMIM EUR Templeton BRIC Franklin Templeton BRIC The fund aims to seek long term capital appreciation by normally investing at least 80 of its net assets in securities of "BRIC companies" - those companies that are organised under the laws of, or have a principal office in, or have their principal trading market in Brazil, Russia, India or China (including the People's Republic of China, Hong Kong and Taiwan); or derive a significant share of their total revenue or profit from, or have a significant proportion of their assets in, BRIC countries. 4 C 0,0 1,5 Nil No EQUITIES - EMERG GLOBAL 5406 OMIM USD Coronation Emerging Markets Coronation International Emerging The fund has an objective of outperforming the MSCI Emerging Markets Index over a -5 year period through investing in what the Fund Manager believes to be the most undervalued shares within the global emerging market universe. The fund will typically be fully invested in equities at all times (90+ equity exposure). 5 S 0,0 0,75 Nil Yes OMIM USD Templeton Emerging Markets Balanced OMIM EUR Templeton Emerging Markets Balanced Franklin Templeton Emerging The fund seeks to maximize a combination of capital appreciation and income by investing principally in a diversified portfolio of equity and fixed income investments in the Emerging Markets. To reach this goal the fund invests in equity securities, fixed and floating rate debt securities and debt obligations issued by government, government related issuers and corporate entities which are located, incorporated or have their principal business activities in developing or Emerging Market countries. Additional yield potential may result through active management of interest and currency developments. P 0,0 1,00 Nil No EQUITIES - EUROPE " European Equity (ex UK) OMIM USD OMGI European Equity (ex UK)" Investors Equity - European The Fund aims to achieve long term capital growth through the active management of a diversified portfolio invested primarily in European stock markets excluding the United Kingdom. 4 0,0 0,75 Nil No EQUITIES - GLOBAL 5404 OMIM GBP Marriot First World Equity Marriott Singer The fund aims to generate long-term growth and a distributable income through investments in quoted shares which must be constituents of the S&P500, FTSE 50 and FTSE Euro first 00. C 0,0 0,75 Nil No OMIM USD Coronation Opportunities Equity Coronation International The fund aims to achieve long term capital growth that exceeds the MSCI World Index with lower volatility of returns, particularly on the downside, than conventional index linked portfolios. The fund aims to achieve the long term growth objectives through investment in top quality funds that have a long only bias. The intent of the portfolio is to remain fully invested in foreign assets. The fund will hold exposure to foreign assets in a variety of currencies, primarily the US dollar, British pound, euro and Japanese yen. S 0,0 0,85 Nil Yes 5456 OMIM USD Coronation Equity Select Coronation International The Fund aims to give investors access to the best opportunities in global equity markets. The fund is biased to developed markets and actively seeks out attractively valued shares to maximise long-term growth. P, 0,0 0,75 Nil Yes OMIM USD Investec Strategic Equity Investec The fund aims to achieve long term capital growth primarily through investment in companies from around the world, which are expected to enhance underlying profitability and shareholder value through operational or structural improvements to their businesses. 4 C 0,0 0,75 Nil No 5415 OMIM EUR Investec Strategic Equity Investec The fund aims to achieve long term capital growth primarily through investment in companies from around the world, which are expected to enhance underlying profitability and shareholder value through operational or structural improvements to their businesses. 4 C 0,0 0,75 Nil No 5400 OMIM USD Investec Franchise Investec The fund aims to achieve long term capital growth primarily through investment in shares of companies around the world. The fund will have a blend of investments and will be unrestricted in its choice of companies either by size or industry, or in terms of the geographical make up of the portfolio. The fund will focus investment on stocks deemed to be of high quality which are typically associated with global brands or franchises., 0,0 0,75 Nil No OMIM EUR Investec Franchise Investec The fund aims to achieve long term capital growth primarily through investment in shares of companies around the world. The fund will have a blend of investments and will be unrestricted in its choice of companies either by size or industry, or in terms of the geographical make up of the portfolio. The fund will focus investment on stocks deemed to be of high quality which are typically associated with global brands or franchises., 0,0 0,75 Nil No 547 OMIM GBP Investec Franchise Investec The fund aims to achieve long term capital growth primarily through investment in shares of companies around the world. The fund will have a blend of investments and will be unrestricted in its choice of companies either by size or industry, or in terms of the geographical make up of the portfolio. The fund will focus investment on stocks deemed to be of high quality which are typically associated with global brands or franchises., 0,0 0,75 Nil No 1 This is based on Isle of Man s understanding of the objectives of the Underlying Fund, and is not set or endorsed by Isle of Man. The investment objective of the OMIM funds is to match the investment objective of its corresponding Underlying Fund. 16

17 CAPSCO SET CLS UNDERLY CHARGES SELF SELECT S (continued) EQUITIES - GLOBAL OMIM USD Nedgroup Investments Equity Nedgroup The fund aims to achieve capital growth through investment in an internationally diversified portfolio of equities. The fund s assets are allocated by global themes which track long-term worldwide growth trends that are largely independent of any one region or market. C 0,0 1,00 Nil No OMIM USD RECM RECM The funds aim is to generate excess returns above its Benchmark by strategically allocating assets across investment themes, regions, countries, sectors and currencies through expert equity fund selection and portfolio construction processes. 0,0 0,90 Nil Yes 540 OMIM GBP FundSmith Equity Feeder FundSmith The funds aim is to generate excess returns above its Benchmark by strategically allocating assets across investment themes, regions, countries, sectors and currencies through expert equity fund selection and portfolio construction processes., 0,0 0,90 Nil No 5404 OMIM USD FundSmith Equity Feeder FundSmith The Fund aims to achieve long-term capital growth over the economic cycle by investing in Transferable Securities issued by leading companies listed globally. While the Fund s investments will be denominated in a range of currencies, the Fund will be seeking to maximise total returns on a US dollar basis. The Fund will invest in a focused portfolio of no more than 5 stocks. C 0,0 0,90 Nil No OMIM USD Orbis Equity Orbis The fund aims to earn higher returns than world stock markets and remains fully invested in global equities. C 0,0 1,50 Nil Yes 541 OMIM GBP M&G Leaders M&G The fund aims to invest in stocks carefully selected from the full spectrum of the global equities universe. The investment strategy of the fund is very clear: it is an active investment strategy focused on bottom-up, individual stock selection, aimed at identifying companies undergoing positive internal change leading to improvements return on capital, such as a new emphasis on shareholder value creation or efficiency of capital allocation., S 0,0 0,75 Nil No 5416 OMIM USD Templeton Franklin Templeton The Fund is designed to provide long-term capital appreciation through investments solely in equity orientated funds. 4 0,0 0,75 Nil No OMIM GBP Sarasin IE Equisar Equity Opportunities Sarasin The Fund is designed to provide long-term capital appreciation through investments solely in equity orientated funds. 0,0 0,75 Nil No 1 This is based on Isle of Man s understanding of the objectives of the Underlying Fund, and is not set or endorsed by Isle of Man. The investment objective of the OMIM funds is to match the investment objective of its corresponding Underlying Fund. 17

18 OMIM INVESTMENT CHOICES LIST CAPSCO SELF SELECT S (continued) EQUITIES - GLOBAL (continued) SET CLS UNDERLY CHARGES OMIM USD Sarasin IE Equisar Equity Opportunities Sarasin The fund aims to achieve capital growth through investment in an internationally diversified portfolio of equities. The fund s assets are allocated by global themes which track long-term worldwide growth trends that are largely independent of any one region or market. 0,0 0,75 Nil No OMIM USD 7Four Equity FoF Prescient The funds aim is to generate excess returns above its Benchmark by strategically allocating assets across investment themes, regions, countries, sectors and currencies through expert equity fund selection and portfolio construction processes. 4, 0,0 1,5 Nil Yes 5407 OMIM GBP 7Four Equity FoF Prescient The funds aim is to generate excess returns above its Benchmark by strategically allocating assets across investment themes, regions, countries, sectors and currencies through expert equity fund selection and portfolio construction processes. 4, 0,0 1,5 Nil Yes 545 OMIM USD Ashburton Leaders Equity Ashburton The Fund aims to achieve long-term capital growth over the economic cycle by investing in Transferable Securities issued by leading companies listed globally. While the Fund s investments will be denominated in a range of currencies, the Fund will be seeking to maximise total returns on a US dollar basis. The Fund will invest in a focused portfolio of no more than 5 stocks., 0,0 1,00 Nil No OMIM USD Stonehage Fleming Best Ideas Equity OMIM GBP Stonehage Fleming Best Ideas Equity Stonehage Fleming The Fund seeks to achieve long term growth in capital and income in a focused portfolio of high quality listed businesses from around the world. 0, 0,75 Nil No 546 OMIM USD Standard Bank MM Equity Standard Bank The Fund is designed to provide long-term capital appreciation through investments solely in equity orientated funds. 0,0 1,00 Nil No 548 OMIM GBP Standard Bank MM Equity Standard Bank The aim of the Fund is to outperform the global equity benchmark, the MSCI AC IMI World Index, over the long-term. This is a global-only portfolio and invests in equities (all industries, sectors and capitalisation sizes) listed in global equity markets. The Fund provides investors with access to opportunities in global equity markets, while aiming to deliver high capital growth over the long-term. 0,0 1,00 Nil No 5416 OMIM USD Dodge & Cox Stock Dodge & Cox The aim of the fund is to seek long-term growth of principal and income. The Fund invests primarily in a diversified portfolio of equity securities issued by companies from at least three different countries, including emerging markets. The Fund invests primarily in medium-to-large well established companies based on standards of the applicable market. The Fund is not required to allocate its investments in set percentages in particular countries. Under normal circumstances, the Fund will invest at least 40 of its total assets in securities of non-u.s. companies. 4 0, 0,6 Nil No 5417 OMIM GBP Dodge & Cox Stock Dodge & Cox The aim of the fund is to seek long-term growth of principal and income. The Fund invests primarily in a diversified portfolio of equity securities issued by companies from at least three different countries, including emerging markets. The Fund invests primarily in medium-to-large well established companies based on standards of the applicable market. The Fund is not required to allocate its investments in set percentages in particular countries. Under normal circumstances, the Fund will invest at least 40 of its total assets in securities of non-u.s. companies. 4 0, 0,6 Nil No 547 OMIM USD Nedgroup Investments Core Nedgroup The Fund aims to provide capital growth through low cost exposure to a range of global asset classes. Diversification across asset classes will help to reduce risk and volatility to moderate levels over the medium to longer term. 1 0, 0,5 Nil No 548 OMIM USD Nedgroup Investments Property Nedgroup The Fund aims to provide investors with steady medium to long-term capital growth by investing primarily in listed real estate companies and REITs worldwide. 1 C 0, 1 Nil No 549 OMIM USD Stanlib Equity Stanlib The aim of the Fund is to provide investors with long term capital growth from a diverse and actively managed Class Fundof securities selected from global stock markets. C 0, 0,5 Nil No 540 OMIM USD Stanlib Bond Stanlib The aim of the Fund is to provide investors with the possibilities of capital gains. 1 C 0, 0, Nil No 541 OMIM USD Stanlib Multi Manager Equity Stanlib The aim of the Fund is to outperform the global equity benchmark, the MSCI AC IMI World Index, over the long-term. This is a global-only portfolio and invests in equities (all industries, sectors and capitalisation sizes) listed in global equity markets. The Fund provides investors with access to opportunities in global equity markets, while aiming to deliver high capital growth over the long-term. 1 C 0, 0,4 Nil No 54 OMIM USD Stanlib Multi Manager Bond Stanlib The aim of the Fund is to outperform the global bond benchmark, the Barclays Capital Multiverse Index. This is a global-only portfolio and invests in fixed income securities (across a range of credit ratings, currencies, duration, countries and corporates) listed in global bond markets. The Fund provides investors with access to opportunities in global bond markets, while aiming to deliver high capitalgrowth over the long-term. 1 C 0, 0,4 Nil No 1 This is based on Isle of Man s understanding of the objectives of the Underlying Fund, and is not set or endorsed by Isle of Man. The investment objective of the OMIM funds is to match the investment objective of its corresponding Underlying Fund. 18

19 CAPSCO SET CLS UNDERLY CHARGES SELF SELECT S (continued) EQUITIES - GLOBAL (continued) OMIM GBP Sanlam Private Wealth High Quality OMIM USD Prudential Equity OMIM USD Schroder ISF QEP Core OMIM USD Schroder ISF Equity Alpha OMIM GBP Schroder ISF Recovery OMIM USD Schroder ISF Recovery OMIM GBP Schroder ISF Recovery Hedged OMIM USD Melville Douglas Select Equity OMIM USD Melville Douglas Growth Balanced OMIM GBP Credo Equity Fund OMIM USD Credo Equity Fund Sanlam Prudential Schroder Schroder Schroder Schroder Schroder Melville Douglas Melville Douglas Credo Credo 5444 OMIM USD Anchor Equity Anchor EQUITIES - UK The aim of the fund is to produce compound total returns in excess of the MCSI World Index over the medium to long-term. The aim of the fund is to provide investors with capital growth over the longterm by investing in a diversified portfolio of global equity securities. The fund aims to provide capital growth primarily through investment in equity securities of companies worldwide. The fund aims to provide capital growth primarily through investment in equity and equity related securities of companies worldwide. The aim of the fund is to invest primarily in equity and equity related securities of companies worldwide that have suffered a severe set back in either share price or profitability, but where long term prospects are believed to be good. The aim of the fund is to invest primarily in equity and equity related securities of companies worldwide that have suffered a severe set back in either share price or profitability, but where long term prospects are believed to be good. The aim of the fund is to invest primarily in equity and equity related securities of companies worldwide that have suffered a severe set back in either share price or profitability, but where long term prospects are believed to be good. The aim of the fund is to provide long-term capital growth by investing primarily in quoted global equities, that seek to maximise investment returns in US dollars. The aim of the fund is to provide long term capital growth in US Dollar terms by investing in a balanced portfolio of globally diversified equity and fixed income. The aim of the Fund is to generate sustainable excess returns versus global equity market indices through an actively managed portfolio of equities from issuers across global markets. The aim of the Fund is to generate sustainable excess returns versus global equity market indices through an actively managed portfolio of equities from issuers across global markets. C 0,0 0,68 Nil No C 0,0 0,75 Nil No 4 C 0,0 0,7 Nil No 4 C 0, Nil No C 0,0 0,75 Nil No C 0,0 0,75 Nil No C 0,0 0,75 Nil No 1 C 0,0 1,0 Nil No 1 C 0,0 1,0 Nil No 1 C 0,0 0,75 Nil No 1 C 0,0 0,75 Nil No The aim of the Fund is to provide capital growth over the long term. C Nil Yes 540 UK Equity UK The objective is to achieve long term capital growth through investment in a portfolio of diversified UK equity securities. The fund may take a flexible approach to stock selection to improve returns in the long term with a risk of higher volatility. 0,0 0,75 Nil No EQUITIES - NORTH AMERICA 5401 OMIM USD VAM US Mid Cap Growth VAM Equities - North America The fund aims to achieve significant capital appreciation over each full market cycle. To achieve this objective the fund will invest in an un-leveraged portfolio of US mid cap companies with perceived high growth potential and cash or cash equivalents. 4 C 0,0 1,75 Nil No OMIM USD Fidelity American Growth OMIM EUR Fidelity American Growth Fidelity North America The Fund aims to achieve long-term capital growth, principally through a focused portfolio invested in companies having their head office or exercising a predominant part of their activity in the US. C 0,0 0,75 Nil No OMIM USD Dodge & Cox U.S. Stock OMIM GBP Dodge & Cox U.S. Stock Dodge & Cox Equities - North America The aim of the fund is to seek long-term growth of principal and income. The Fund invests primarily in a diversified portfolio of U.S. equity securities. In selecting investments, the Fund invests in companies that, in Dodge & Cox s opinion, appear to be temporarily undervalued by the stock market but have a favorable outlook for long-term growth. The Fund focuses on the underlying financial condition and prospects of individual companies, including future earnings, cash flow, and dividends. Various other factors, including financial strength, economic condition, competitive advantage, quality of the business franchise, and the reputation, experience, and competence of a company s management are weighed against valuation in selecting individual securities. 0,0 0,6 Nil No 1 This is based on Isle of Man s understanding of the objectives of the Underlying Fund, and is not set or endorsed by Isle of Man. The investment objective of the OMIM funds is to match the investment objective of its corresponding Underlying Fund. 19

20 OMIM INVESTMENT CHOICES LIST CAPSCO SELF SELECT S (continued) EQUITIES - PACIFIC SET CLS UNDERLY CHARGES 5406 OMIM USD Templeton Asian Growth 5414 OMIM GBP Templeton Asian Growth Franklin Templeton Pacific The fund aims to achieve long term capital appreciation by investing primarily in equity securities listed in Asia (excluding Australia, New Zealand and Japan). 5 C 0,0 1,00 Nil No OMIM EUR Templeton Asian Growth ABSOLUTE RETURN 5409 OMIM GBP Standard Life Absolute Return Strategies 5405 OMIM USD Standard Life Absolute Return Strategies Standard Life Absolute Return The fund aims to provide positive investment returns in all market conditions over the medium to long term. 0,0 0,85 Nil No 5408 OMIM EUR Standard Life Absolute Return Strategies MIXED SETS - AGGRESSIVE 5404 OMIM GBP M&G Episode Growth M&G Investments Limited - Aggressive The Fund s objective is to maximise total return (the combination of income and growth of capital). 0,0 1,00 Nil No 544 OMIM USD Orbis Balanced Orbis - Aggressive The Fund seeks to balance income generation, appreciation of capital, and risk of loss with a diversified global portfolio. 0,0 1,50 Nil Yes 547 OMIM USD Ashburton Growth Ashburton - Aggressive The primary aim is to maximise total return (capital plus income) over the long term, through a flexible asset allocation across a diversified range of asset classes, regions and currencies without exceeding a maximum equity exposure of 75. 0,0 1,00 Nil No 5457 OMIM USD Nedgroup Investments Growth MultiFund Nedgroup - Aggressive The Fund's objective will be to provide higher levels of growth with moderate to higher levels of risk and volatility over the medium to longer term than the other Sub-Funds of the Company. 0,0 0,50 Nil No 5458 OMIM GBP Nedgroup Investments Growth MultiFund Nedgroup - Aggressive The Fund's objective will be to provide higher levels of growth with moderate to higher levels of risk and volatility over the medium to longer term than the other Sub-Funds of the Company. 0,0 0,50 Nil No OMIM USD Marriott International Growth Marriott Singer - Aggressive The fund aims to generate long term capital growth and distributable income stream through holding a combination of dividend paying equities, bonds, listed real estate securities and money market instruments. P, S 0,0 1,5 Nil No MIXED SET - BALANCED 5404 OMIM EUR Ashburton Euro Asset Management Ashburton (Jersey) The fund aims to achieve an increase in value while suppressing volatility and risk, through a conservative allocation of assets between, primarily, international equities, fixed interest securities and cash or money market instruments. Exposure to equities is limited to a maximum of 50 and exposure to fixed income securities is limited to a maximum of 70. Exposure to currencies, other than base currency, after hedging, will not exceed 50. C 0,0 1,00 Nil No 5404 OMIM USD Ashburton Dollar Asset Management Ashburton (Jersey) The fund aims to achieve an increase in value while suppressing volatility and risk, through a conservative allocation of assets between, primarily, international equities, fixed interest securities and cash or money market instruments. Exposure to equities is limited to a maximum of 50 and exposure to fixed income securities is limited to a maximum of 70. Exposure to currencies, other than base currency, after hedging, will not exceed 50. C 0,0 1,00 Nil No 5405 OMIM EUR Jupiter Merlin International Balanced 5410 OMIM GBP Jupiter Merlin International Balanced Jupiter The fund aims to achieve long term capital growth with income. The underlying funds invest predominantly in international equities and bonds. S 0,0 0,75 Nil No OMIM USD Jupiter Merlin International Balanced OMIM EUR Orbis Optimal OMIM USD Orbis Optimal Orbis The fund aims to achieve capital growth in Euro on a global portfolio and seeks to substantially reduce the stock market exposure inherent in these investments through stock market hedging. 1, 0,0 0,50 Nil Yes 1 This is based on Isle of Man s understanding of the objectives of the Underlying Fund, and is not set or endorsed by Isle of Man. The investment objective of the OMIM funds is to match the investment objective of its corresponding Underlying Fund. 0

21 CAPSCO SET CLS UNDERLY CHARGES SELF SELECT S (continued) MIXED SET - BALANCED 5405 OMIM GBP Ashburton Sterling Asset Management Ashburton (Jersey) The fund aims to achieve an increase in value while suppressing volatility and risk, through a conservative allocation of assets between, primarily, international equities, fixed interest securities and cash or money market instruments. Exposure to equities is limited to a maximum of 50 and exposure to fixed income securities is limited to a maximum of 70. Exposure to currencies, other than base currency, after hedging, will not exceed 50. C 0,0 1,00 Nil No OMIM USD Coronation Capital Plus OMIM GBP Coronation Capital Plus OMIM EUR Coronation Capital Plus Coronation International The fund aims to provide investors with access to the best investment ideas from around the world, with the aim of achieving long term capital growth while preserving capital. It blends individual asset selection with limited exposure to some of the best global investment managers to reflect Coronation's view across asset classes, regions and currencies. The intent is to remain fully invested in foreign assets. The fund will hold its exposure to foreign assets in a variety of currencies, primarily US dollar, British pound, euro and Japanese yen. The Fund Manager's objective is to achieve real returns over a - 5 year period while preserving capital over any 1 month period. S 0, Nil Yes OMIM GBP Miton Optimal Core Diversified OMIM USD Miton Optimal Core Diversified Miton Optimal The fund seeks long term capital growth through investing in cash/near cash, bonds, equities, property and alternative strategy funds. P 0,0 1,75 Nil No OMIM USD Miton Optimal Offshore Special Situations OMIM GBP Miton Optimal Offshore Special Situations Miton Optimal The fund invests in the CF Miton Special Situations fund which has an aim of providing long term growth by investing in a balanced portfolio of global equities, fixed interest and cash deposits although the Investment Manager, Midas Capital, may from time to time choose to invest in property or selected foreign currency deposits. As with any equity biased fund it is possible that over the shorter term, the fund price may experience a degree of volatility. C 0,0 1,5 Nil No OMIM USD Blackrock Allocation OMIM EUR Blackrock Allocation OMIM GBP Blackrock Allocation BlackRock The fund seeks to maximise total return. The fund invests globally in equity, debt and short term securities, of both corporate and governmental issuers, with no prescribed limits. In normal market conditions the fund will invest at least 70 of its total assets in the securities of corporate and government issuers. The fund generally will seek to invest in securities that are, in the opinion of the Investment Advisor, undervalued. The fund may also invest a portion of its debt portfolio in high yield fixed income transferable securities. Currency exposure is flexibly managed., 0,0 0,75 Nil No OMIM USD Coronation Managed Coronation International The fund aims to provide long term capital appreciation, measured against a benchmark comprising 60 MSCI World Index and 40 Citigroup World Government Bond Index, by investing across multiple asset classes and global markets. S 0, Nil No OMIM USD Foord International Trust Foord Asset Management The Fund aims to achieve long-term inflation-beating US$ returns over rolling five-year periods through investing exclusively in Class A shares of Foord International Fund, a sub-fund of Foord SICAV. The Fund invests in listed securities on global exchanges including equities, exchange traded funds, UCITS and other UCIs, convertible bonds, interest-bearing securities and warrants as well as cash deposits., 0,0 1,00 Nil No 540 OMIM USD Investec Strategic Managed Investec The fund aims to provide long term total returns through investment in a diversified and actively managed portfolio consisting of any combination of cash instruments, fixed income securities, convertible securities and quoted equity securities on an international basis. Normally, the maximum equity content will be limited to 75 per cent of the fund. S 0,0 0,75 Nil No 54 OMIM GBP Investec Strategic Managed (Hedged) Investec The fund aims to provide long term total returns through investment in a diversified and actively managed portfolio consisting of any combination of cash instruments, fixed income securities, convertible securities and quoted equity securities on an international basis. Normally, the maximum equity content will be limited to 75 per cent of the fund. S 0,0 0,75 Nil No OMIM USD Nedgroup Investments Flexible Nedgroup The fund seeks to provide investors with long term capital growth through investment in a diversified range of global asset classes and currencies. The fund may invest in equities, fixed interest securities, collective investment schemes, warrants, derivative instruments, deposit and money market instruments to gain exposure to a wide range of asset classes, including equities, bonds, cash, commodities, listed vehicles that aim to provide protection against adverse market conditions, private equity and property. Exposure to equity markets will be subject to a maximum allocation of 75 per cent at all times. C 0,0 1,00 Nil No OMIM USD PSG Wealth Moderate Fund of Funds PSG The portfolio aims to maximise capital and income returns through active management of a diversified portfolio of collective investment schemes and assets in liquid form. C 0,0 0,40 Nil No 1 This is based on Isle of Man s understanding of the objectives of the Underlying Fund, and is not set or endorsed by Isle of Man. The investment objective of the OMIM funds is to match the investment objective of its corresponding Underlying Fund. 1

22 OMIM INVESTMENT CHOICES LIST CAPSCO SELF SELECT S (continued) MIXED SET - BALANCED (continued) SET CLS UNDERLY CHARGES OMIM USD Stanlib Balanced Cautious Stanlib The Fund aims to achieve an investment medium for investors, which shall have as its main objective, to maximise long term return. C 0,0 0,50 Nil No 5415 OMIM USD Stanlib Balanced Stanlib The Fund objective is to provide investors with long-term capital growth from a diversified and actively managed portfolio of equities, property company shares, bonds and cash., S 0,0 0,40 Nil Yes OMIM USD BlackRock Flexible Multi-Asset OMIM EUR BlackRock Flexible Multi-Asset Blackrock The Fund objective is to provide investors with long-term capital growth from a diversified and actively managed portfolio of equities, property company shares, bonds and cash., 0,0 0,75 Nil No OMIM USD Templeton Balanced OMIM EUR Templeton Balanced OMIM GBP Templeton Balanced Franklin Templeton The fund aims to seek capital appreciation and current income, consistent with prudent investment management, by investing principally in equity securities and government debt securities issued by entities throughout the world, including Emerging Markets. S 0,0 0,70 Nil No OMIM GBP Sarasin IE Sar Dynamic OMIM USD Sarasin IE Sar Dynamic Sarasin The Fund seeks to achieve long term capital growth and income generation with a lower risk profile than pure stock market alternatives by investment on a global basis. 0,0 0,75 Nil No 541 OMIM USD PSG Flex Single Manager PSG The portfolio aim is for long-term capital appreciation through active asset allocation management of a diversified portfolio of collective investment schemes, government and public securities, investment grade bonds and short-term deposits. C 0,0 0,50 Nil No 5405 OMIM USD PSG Wealth Creator Fund of Funds PSG The objective of the Fund is to maximize capital returns through active management of a diversified portfolio of equity based collective investment schemes established, recognised or regulated in any Approved Country and assets in liquid form. The emphasis of the Manager s investment approach will therefore be on equities. 4 0,0 0,40 Nil No 5407 OMIM GBP M&G Episode Allocation M&G The Fund s objective is to maximise total return (the combination of income and growth of capital) through investment in a diversified range of asset types. 0,0 0,97 Nil No 5407 OMIM GBP 7Four Balanced FoF Prescient The funds aim is to generate excess returns above its Benchmark by strategically allocating assets across asset classes, investment themes, regions, countries, sectors and currencies through expert asset allocation, fund selection and portfolio construction processes., 0,0 1,5 Nil Yes OMIM USD 7Four Balanced FoF Prescient The funds aim is to generate excess returns above its Benchmark by strategically allocating assets across asset classes, investment themes, regions, countries, sectors and currencies through expert asset allocation, fund selection and portfolio construction processes., 0,0 1,5 Nil Yes 5406 OMIM GBP M&G Episode Income M&G The Fund s objective is to generate a high and rising level of income over time through investment in a diversified range of assets. Subject to this, the Fund aims to provide capital growth over the long term. 0,0 0,65 Nil No 5459 OMIM USD Nedgroup Investments Balanced MultiFund Nedgroup The Fund s objective is to achieve long term capital growth from a diversified portfolio primarily made up of the shares of companies from around the world. 0,0 0,50 Nil No 5460 OMIM GBP Nedgroup Investments Balanced MultiFund Nedgroup The Fund s objective is to achieve long term capital growth from a diversified portfolio primarily made up of the shares of companies from around the world. 0,0 0,50 Nil No 5468 OMIM GBP Sarasin IE Sar Strategic Sarasin The Fund's objective is to achieve a return ahead of inflation over the longterm through investment in a range of asset classes. 0,0 0,75 Nil No 5469 OMIM EUR Sarasin IE Sar Strategic Sarasin The Fund's objective is to achieve a return ahead of inflation over the longterm through investment in a range of asset classes. 0,0 1,00 Nil No 5470 OMIM USD Sarasin IE Sar Strategic Sarasin The Fund's objective is to achieve a return ahead of inflation over the long-term through investment in a range of asset classes. 0,0 0,75 Nil No 5409 OMIM GBP VAM Close Cautious VAM The aim of the fund is to provide long-term capital appreciation through income and moderate capital growth. The Fund will, directly or indirectly, gain exposure to equities and similar securities, fixed income instruments (including convertible instruments) and/or money market instruments. 0,0 0,85 Nil Yes 5410 OMIM GBP VAM Close Balanced VAM The aim of the fund is to provide long-term capital appreciation through income and moderate capital growth. The Fund will, directly or indirectly, gain exposure to equities and similar securities, fixed income instruments (including convertible instruments) and/or money market instruments. 0,0 0,85 Nil Yes 1 This is based on Isle of Man s understanding of the objectives of the Underlying Fund, and is not set or endorsed by Isle of Man. The investment objective of the OMIM funds is to match the investment objective of its corresponding Underlying Fund.

23 CAPSCO SET CLS UNDERLY CHARGES SELF SELECT S (continued) MIXED SET - BALANCED (continued) 5411 OMIM GBP VAM Close Growth VAM The aim of the fund is to provide long-term capital appreciation through capital growth. The Fund will, directly or indirectly, gain exposure to equities and similar securities, fixed income instruments (including convertible instruments) and/or money market instruments. 0,0 0,85 Nil Yes 541 OMIM USD VAM Close Cautious VAM The aim of the fund is to provide long-term capital appreciation through income and moderate capital growth. The Fund will, directly or indirectly, gain exposure to equities and similar securities, fixed income instruments (including convertible instruments) and/or money market instruments. 0,0 0,85 Nil Yes 5414 OMIM USD VAM Close Balanced VAM The aim of the fund is to provide long-term capital appreciation through capital growth with some income. The Fund will, directly or indirectly, gain exposure to equities and similar securities, fixed income instruments (including convertible instruments) and/or money market instruments. 0,0 0,85 Nil Yes 5415 OMIM USD VAM Close Growth VAM The aim of the fund is to provide long-term capital appreciation through capital growth. The Fund will, directly or indirectly, gain exposure to equities and similar securities, fixed income instruments (including convertible instruments) and/or money market instruments. 0,0 0,85 Nil Yes 5454 OMIM USD Standard Bank MM Balanced Standard Bank The Fund aims to provide long-terms capital growth through investing in a diverse range of asset classes including international, regional and thematic equity funds together with fixed income funds, exchange traded funds and cash. The diverse nature of the asset classes has historically resulted in a moderate level of volatility, although given the potential exposure ranges to equity as a asset class, the Fund is suitable only for investors with a longer term investment horizon, and who are prepared to tolerate the risk of shorter term loss. 0,0 1,00 Nil No 5455 OMIM GBP Standard Bank MM Balanced Standard Bank The Fund aims to provide long-terms capital growth through investing in a diverse range of asset classes including international, regional and thematic equity funds together with fixed income funds, exchange traded funds and cash. The diverse nature of the asset classes has historically resulted in a moderate level of volatility, although given the potential exposure ranges to equity as a asset class, the Fund is suitable only for investors with a longer term investment horizon, and who are prepared to tolerate the risk of shorter term loss. 0,0 1,00 Nil No 541 OMIM USD PSG Wealth Preserver Fund of Fund PSG The aim of the fund is to provide relative capital stability and to maximise returns for investors through active management of an internationally diversified portfolio of global high income and interest bearing collective investment schemes established, recognised or regulated in any Approved Country and assets in liquid form. 0,0 0,50 Nil No 54 OMIM GBP PSG Wealth Preserver Fund of Fund PSG The aim of the fund is to provide relative capital stability and to maximise returns for investors through active management of an internationally diversified portfolio of global high income and interest bearing collective investment schemes established, recognised or regulated in any Approved Country and assets in liquid form. 0,0 0,50 Nil No 54 OMIM USD PSG Wealth Flexible Fund of Fund PSG The aim of the fund is to maximise capital returns through active management of an internationally diversified portfolio of unconstrained multi asset collective investment schemes established, recognised or regulated in any Approved Country and assets in liquid form. The emphasis of the Manager s investment approach will be on equities but there will be no specific limit on the asset classes in which the Manager may invest with the proviso that there will be a minimum exposure of 50 net equity holdings (although market conditions may be adverse from time to time and at the discretion of the Directors the Cells may hold up to 100 cash). 0,0 0,50 Nil No 544 OMIM GBP PSG Wealth Flexible Fund of Fund PSG The aim of the fund is to maximise capital returns through active management of an internationally diversified portfolio of unconstrained multi asset collective investment schemes established, recognised or regulated in any Approved Country and assets in liquid form. The emphasis of the Manager s investment approach will be on equities but there will be no specific limit on the asset classes in which the Manager may invest with the proviso that there will be a minimum exposure of 50 net equity holdings (although market conditions may be adverse from time to time and at the discretion of the Directors the Cells may hold up to 100 cash). 0,0 0,50 Nil No 545 OMIM USD Prudential Balanced Prudential The aim of the fund is to provide investors with capital growth over the longterm by investing in a diversified portfolio of global assets. C 0,0 0,75 Nil No 546 OMIM USD Prudential Inflation Plus Prudential The aim of the fund is to outperform global inflation while preserving capital over the medium term. C 0,0 0,75 Nil No 5458 OMIM USD APS Flexible Fund of Funds Sanlam The investment objective of the Fund is to provide capital growth over a rolling three to five year period. 0,0 0,40 Nil No 1 This is based on Isle of Man s understanding of the objectives of the Underlying Fund, and is not set or endorsed by Isle of Man. The investment objective of the OMIM funds is to match the investment objective of its corresponding Underlying Fund.

24 OMIM INVESTMENT CHOICES LIST CAPSCO SELF SELECT S (continued) MIXED SET - CAUTIOUS SET CLS UNDERLY CHARGES COMMODITIES OMIM USD Nedgroup Investments Cautious OMIM USD Investec Multi- Asset Income OMIM EUR Prescient Positive Return OMIM GBP Sarasin Sar Income OMIM USD Nedgroup Investments Income MultiFund OMIM GBP Nedgroup Investments Income MultiFund OMIM GBP Nedgroup Investments Cautious Nedgroup Investec Sarasin Sarasin OMIM GBP Newton Real Return Newton 5415 OMIM USD Coronation Strategic Income Coronation International Limited Nedgroup Nedgroup Nedgroup The fund seeks to achieve long term capital growth from a balanced portfolio across a range of assets. In order to maintain a balanced portfolio, the fund will have exposure to listed equities, fixed interest securities, exchange traded funds, collective investment schemes, warrants, derivatives and money market instruments, and to listed vehicles that aim to provide protection against adverse market conditions. In general, and over time, exposures should reflect the global outlook and avoid excess concentration in any region. Exposure to equity markets will be subject to a maximum allocation of 50 per cent at all times. The Fund aims to provide an income with the opportunity to grow the value of your investment over the long term. The fund aims to gain broad exposure to global markets, including equity, fixed interest bearing, currency and real estate securities, driven by risk adjusted asset class valuations across markets. The fund aims to capture equity markets in which it invests by utilising investment strategies to protect against equity downside. This will result in the fund holding a more moderate allocation to equities over time. As the fund invests across the globe, it will be open to some currency volatility. The fund aims to achieve a consistently attractive level of income coupled with long term capital appreciation, whilst aiming to preserve the value of capital over the longer term. The fund aims to achieve significant real rates of return in sterling terms predominantly from a portfolio of UK and international securities. The fund may also invest in deposits, money market instruments, derivative instruments, forward transactions and collective investment schemes. The fund will invest between 75 and 100 of its assets in a wide variety of fixed, floating rate and inflation-linked securities which may include any combination of bonds, debentures, notes, certificates of deposit, cash deposits, money market instruments and other debt securities issued by worldwide governments, government agencies, supranational institutions, banks, credit institutions and other companies. The Fund's objective will be to provide a lower risk, lower volatility investment option than other Sub-Funds of the Company, targeting returns in excess of cash. The Fund's objective will be to provide a lower risk, lower volatility investment option than other Sub-Funds of the Company, targeting returns in excess of cash. The fund seeks to achieve long-term capital growth from a balanced portfolio across a range of assets. In order to maintain a balanced portfolio, the fund will have exposure to listed equities, fixed-interest securities, exchange traded funds, collective investment schemes, warrants, derivatives and money market instruments, and tolisted vehicles that aim to provide protection against adverse market conditions. In general, and over time, exposures should reflect the global outlook and acoid excess concentration in any region. Exposure to equity markets will be subject to a maximum allocation of 50 per cent at all times. 1 S 0,0 0,85 Nil No 1 1 1, C S 0,0 0,75 Nil No 0,0 1,5 Nil No 0,0 0,75 Nil No 0,0 0,75 Nil No 0,0 0,50 Nil No 0,0 0,40 Nil No 0,0 0,40 Nil No 1 S 0,0 0,85 Nil No OMIM USD Pictet Precious Metals - Physical Gold OMIM EUR Pictet Precious Metals - Physical Gold Pictet Commodities The fund's investment objective is to participate in returns of gold price movements by investing predominantly in standard 1.5 kilos of find gold with a fineness of 955/1000 or greater. The fund is managed passively. 5, S 0,0 0,45 Nil No 5479 Gold & Silver 5480 OMIM USD OMGI Gold & Silver 5494 OMIM EUR OMGI Gold & Silver Investors Commodities The fund aims to provide total return comprised of capital growth and income by investing predominantly in listed shares (i.e. equities) of companies with exposure to gold and silver metals. 5, S 0,0 0,75 Nil No SHARI A COMPLIANT 5400 OMIM USD Emirates Sukuk Emirates NBD Asset Management The fund is a Shari'a compliant open ended fund that will invest in a Islamic diversified portfolio of Sukuk issued by companies locally and globally. The Bond primary investment objective of the fund is to achieve high income as well as capital growth. 1 S 0,0 1,5 Nil No OMIM USD Oasis Crescent Medium Equity Balanced OMIM GBP Oasis Crescent Medium Equity Balanced Oasis The Fund aims to achieve medium to long-term growth of capital and income by investing on a global basis in securities that are ethically, morally and Shari ah compliant. S 0,0 1,50 Nil Yes INDEX 540 OMIM USD FTSE RAFI ALL WORLD INDEX OMIGSA - Dibanisa Fund Managers Index The investment objective of the FTSE RAFI All World Index Fund is to replicate the FTSE RAFI All World 000 Index through passive management of a diversified portfolio of equity securities. 4 0,0 0,60 Nil No 1 This is based on Isle of Man s understanding of the objectives of the Underlying Fund, and is not set or endorsed by Isle of Man. The investment objective of the OMIM funds is to match the investment objective of its corresponding Underlying Fund. 4

25 CAPSCO SET CLS UNDERLY CHARGES SELF SELECT S (continued) FIXED INTEREST OMIM USD Templeton Bond OMIM GBP Templeton Bond Franklin Templeton Fixed Interest - The fund aims to achieve long term capital growth with income. The underlying fund invests predominantly in international equities and bonds. 4 S 0,0 0,65 Nil No OMIM EUR Templeton Bond OMIM USD Currency OMIGSA Fixed Interest - The investment objective of the Currency Fund is to seek to maximise total return through the active management of a diversified portfolio of short term debt securities. 1 0,0 0,60 Nil No 5477 OMIM USD Investec Emerging Markets Local Currency Debt Investec Fixed Income The Fund aims to provide income and generate capital gains over the long-term, primarily through investment in a diversified portfolio of debt securities (e.g. bonds) issued by Emerging Markets Borrowers and derivatives which offer exposure to such debt securities. These securities will be primarily denominated in the currencies of emerging market countries. 0, 0,75 Nil No 547 OMIM USD Prudential Bond Prudential Fixed Interest - The aim of the fund is to generate investment returns through exposure to global bonds and interest-bearing instruments over the medium term. 1 C 0,0 0,60 Nil No PROPERTY 5408 OMIM GBP Sarasin Real Estate Equity Sarasin Property - The investment objective of the fund is to seek long term capital growth by investing in REITs (Real Estate Investment Trusts), worldwide quoted equities and shares of companies that are linked to the property market. These companies are involved in land development or earn income from letting land or properties. P 0,0 0,75 Nil No 5406 OMIM USD Sarasin Real Estate Equity Sarasin Property - The investment objective of the fund is to seek long term capital growth by investing in REITs (Real Estate Investment Trusts), worldwide quoted equities and shares of companies that are linked to the property market. These companies are involved in land development or earn income from letting land or properties P 0,0 0,85 Nil No OMIM USD Marriott International Real Estate Marriott Singer Property - The objective of the fund is to provide a high and growing income stream from a portfolio of internationally listed real estate securities as well as long-term capital growth. 4 P, S 0,0 0,75 Nil No 5414 OMIM USD Stanlib Property Stanlib Property - The aim of the property fund is to provide investors with both capital and income growth and aims to maximize investor s returns by investing in shares in global property companies and property related securities listed on exchange in major markets (and to a lesser degree, smaller emerging markets), and real estate investment trusts. 4 P, S 0,0 0,50 Nil No CH OMIM EUR Money Market The fund aims to provide capital appreciation through access to the performance of a diversified portfolio of short term Euro cash deposits and money market instruments consistent with the preservation of capital OMIM GBP Money Market Goldman Sachs Cash Funds - Money Market The fund aims to provide capital appreciation through access to the performance of a diversified portfolio of short term GBP cash deposits and money market instruments consistent with the preservation of capital. 1 0,0 0,45 Nil No OMIM USD Money Market The fund aims to provide capital appreciation through access to the performance of a diversified portfolio of short term USD cash deposits and money market instruments consistent with the preservation of capital OMIM ZAR Money Market 5406 OMIM AUD Money Market OMIM CHF Money Market Isle of Man Cash Funds - Money Market The Fund aims to provide capital appreciation through Rand cash deposits and/ or money market instruments. The Fund aims to provide Capital appreciation through AUD cash deposits and/or money market instruments. The Fund aims to provide Capital appreciation through CHF cash deposits and/ or money market instruments. 1 0,0 0,00 Nil No 1 This is based on Isle of Man s understanding of the objectives of the Underlying Fund, and is not set or endorsed by Isle of Man. The investment objective of the OMIM funds is to match the investment objective of its corresponding Underlying Fund. 5

26 OMIM INVESTMENT CHOICES LIST CAPSCO RESTRICTED AVAILABILITY SET CLS UNDERLY CHARGES 5407 OMIM USD Ashburton Strategy Ashburton (Jersey) The aim of the fund is to produce long term capital growth through a portfolio of funds providing exposure to an allocation between global equity, fixed income and cash markets complemented by alternative investment strategies. Using, inter alia, exchange traded funds to provide cost effective exposure to global equity markets, this portfolio combines specialist multimanager and single manager solutions to provide access to some of the world's best investment managers. S 0,0 0,50 Nil No OMIM USD NFB Balanced FoF NFB - Aggressive The fund aims to provide long term capital growth. P 0,0 0,50 Nil No 5405 OMIM USD InvSolutions Strategic Balanced Investment Solutions The fund aims to generate capital appreciation over the medium term by investing in a mix of collective investment funds. The underlying collective investment held will be reviewed by the Manager daily. The fund is managed within the moderate investment parameters with a moderate allocation to equities. P 0,0 1,0 Nil No 54 OMIM USD InvSolutions Strategic Aggressive Investment Solutions - Agressive The aim of the Fund is to generate capital appreciation over the long term by investing in a mix of collective investment funds., P 0,0 1,15 Nil No 544 OMIM USD InvSolutions Strategic Conservative Investment Solutions The aim of the Fund is to generate capital appreciation over the short to medium term by investing in a mix of collective investment funds, P 0,0 1,10 Nil No 545 OMIM USD InvSolutions Strategic Moderate Investment Solutions - Moderate The aim of the Fund is to generate capital appreciation over the medium term by investing in a mix of collective investment funds. The Fund is managed within moderate investment parameters with a moderate allocation to equities., P 0,0 1,10 Nil No 1 This is based on Isle of Man s understanding of the objectives of the Underlying Fund, and is not set or endorsed by Isle of Man. The investment objective of the OMIM funds is to match the investment objective of its corresponding Underlying Fund. 6

27 OMIM INVESTMENT CHOICES LIST CUSTODIANS Anglorand Capital (Pty) Ltd Ashcourt Rowan (previously Savoy) Banque Syz BNP Paribas Securities Brooks Macdonald (previously DPZ Capital Limited) Credit Suisse Ag (no new accounts) Canaccord Genuity Wealth Capital International Group (CIG) Credo Capital plc Goldman Sachs Hargreave Hale Ltd Insinger de Beaufort Investec Wealth & Investment Ltd (London) Investec Bank (Zurich) Investec Leaders (South Africa) Lombard Odier Maitland Investment Services Ltd Nedbank Private Wealth Wealth Trust Company (Proprietary Ltd (OMWTC) Peregrine Nominees Propriety Limited PSG Konsult Financial Planning (Pty) Ltd Quilter Cheviot Sanlam Private Wealth Saxo Capital Markets UK Ltd Saxo South Africa Standard Bank (inc Melville Douglas) Stonehage UBS AG PERSONAL An investor s capacity for risk will depend on their personal circumstances. It is the responsibility of the investor, in conjunction with their financial adviser, to determine the suitability of any fund for their individual circumstances. ADDITIONAL -SPECIFIC WARNS Additional fund-specific risk warnings, relevant to your investment decision, will be highlighted on individual fund factsheets, where applicable. Investors should remember that past performance is no guarantee of future returns. As a result, with the nature of investments and possible exchange rate or interest rate fluctuations the value of investments may go down as well us up. This document does not constitute an offer or a solicitation where such an offer or solicitation is unlawful. Isle of Man, Branch of Life Assurance Company (South Africa) Limited, is registered in the Isle of Man under number F and whose principal place of business is King Edward Bay House, King Edward Road, Onchan, Isle of Man, IM99 1NU, British Isles. Phone: +44 (0) Fax: +44 (0) Licensed by the Isle of Man Financial Services Authority. Life Assurance Company (South Africa) Limited is incorporated in South Africa (reg. number: 1999/0464/06). Registered office: Mutualpark, Jan Smuts Drive, Pinelands, Cape Town, South Africa. Life Assurance Company (South Africa) Limited is a registered long term insurer and a licensed financial services provider. Code OMISA/IP+/040/0817 7