Key Investor Information

Transcription

1 Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. F&C Responsible Global Equity Fund Share Class: 2 Inc, a Fund of F&C Responsible Investment Funds ICVC (ISIN GB00B828PQ84) This Fund is managed by F&C Fund Management Ltd. Objectives and investment policy The objective is to provide long-term capital growth. The Manager seeks to achieve this by investing mainly in global equities (ordinary shares in companies from anywhere in the world). The Manager invests only in assets which meet the Fund's ethical screening criteria. The ethical screening applied to the Fund means that a number of the largest companies are screened out on ethical grounds. While the Manager will invest mainly in equities, it may also invest in other investments such as derivatives (an investment contract between the Fund and a counterparty the value of which is derived from one or more underlying equities) to hedge positions or to gain exposure to companies to manage the portfolio efficiently. Hedging is an investment technique that may be used to protect the value of the Fund from adverse price movements in equities or currencies other than the Fund's accounting currency, which is sterling. The Fund does not normally hedge currency exposure. Investment is concentrated in companies in any market whose products and operations are considered to be making a positive contribution to society and seeks to avoid companies which, on balance, do particular harm (including those involved in the sale of armaments) or operate irresponsibly (for example with regard to the environment or human rights). Income is distributed half yearly. There is no minimum holding period for this Fund. However, it may not be appropriate for investors who plan to withdraw their money in under 5 years. You may buy or sell shares daily on demand (but not weekends or UK bank holidays or other days when the Fund is not open for dealing). Orders to buy or sell must be received by 12 noon (UK time) to receive the price calculated at that day's valuation point. Risk and reward profile The Risk and Reward Indicator table demonstrates where the Fund ranks in terms of its potential risk and reward. The higher the rank the greater the potential reward but the greater the risk of losing money. It is based on past data, may change over time and may not be a reliable indication of the future risk profile of the Fund. The shaded area in the table below shows the Fund s ranking on the Risk and Reward Indicator. Typically lower rewards, lower risk Typically higher rewards, higher risk Historical data may not be a reliable indicator of the Fund's future risk and reward profile. The risk category shown is not guaranteed and may change over time. The lowest category does not mean 'risk free'. The value of your investment may fall as well as rise. The category is based on the rate at which the value of the investments held by the Fund have moved up and down in the past. The indicator does not adequately reflect the following risks of investing in particular assets, which may impact on future investment return: Derivative Risk: derivative values rise and fall at a greater rate than equities and debt instruments. Loses can be greater than the initial investment. Liquidity Risk: the ability to buy and sell assets at a favourable price may be affected by a low level of counterparties willing to enter into a transaction with the Fund. Ethical Screening Risk: the screening out of sectors or companies on ethical grounds may mean the Fund is more sensitive to price swings than an equivalent unscreened fund. Currency Risk: your investment may be adversely affected by changes in currency exchange rates. Emerging Markets Risk: this Fund invests in emerging markets which are less developed and have additional legal and political risks. Page 1 of 2.

2 Charges The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge 0.00% Exit charge 0.00% These are the maximum charges that we might take out of your money before it is invested and before we pay out the sale proceeds of your investment. In some cases, you might pay less and you should speak to your financial adviser about this. Charges taken from the Fund over a year Ongoing charges 0.82% The ongoing charges figure is based on the last year s expenses and may vary from year to year. It excludes the costs of buying or selling assets for the Fund (unless these assets are shares of another fund). The ongoing charges figure is at 31/12/2017 It excludes: Performance fees Portfolio transaction costs, except in the case of an entry/exit charge paid by the UCITS when buying or selling units in another collective investment undertaking. For more information about charges, please see the section entitled Fees and Expenses in the Fund's prospectus, which is available at Charges taken from the Fund under specific conditions Performance fee NONE Past performance % You should be aware that past performance is not a guide to future performance. Fund launch date: 13/10/1987. Share/unit class launch date: 13/09/2012. Performance is calculated in GBP. The chart shows how much the Fund increased or decreased in value as a percentage in each year, net of charges (excluding entry charge), and net of tax Fund Source: FE 2018 Practical information This document is issued by F&C Fund Management Limited (trading name BMO Global Asset Management). Further information regarding the Fund including copies of the prospectus, annual and half yearly report and accounts can be obtained free of charge from Retail Sales Support, BMO Global Asset Management, 6th Floor, Quartermile4, 7a Nightingale Way, Edinburgh EH3 9EG, telephone: Sales Support on , sales.support@bmogam.com or electronically at The Fund is part of F&C Responsible Investment Funds ICVC. You may switch investment between other funds or share classes of F&C Responsible Investment Funds ICVC. An entry charge may apply. Details on switching are provided in the Fund's prospectus. The assets and liabilities are segregated by law between the different funds of F&C Responsible Investment Funds ICVC. This means that the Fund's assets are held separately from other funds. Your investment in the Fund will not be affected by any claims made against any other fund in F&C Responsible Investment Funds ICVC. Details of the up to date renumeration policy including but not limited to a description of how remuneration and benefits are calculated will be available on when and in so far as available. Other practical information, including the latest published price for the Fund is available on our website The Depositary for the Fund is State Street Trustees Limited. The tax legislation of the United Kingdom may have an impact on your personal tax position depending on your country of residence. F&C Fund Management Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the Fund. This Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority. F&C Fund Management Ltd is authorised in the United Kingdom and regulated by the Financial Conduct Authority. This Key Investor Information is accurate as at 26/01/2018. GRGZ Page 2 of 2.

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

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

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

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

7 Janus Henderson KEY INVESTOR INFORMATION This document provides you with Key Investor Information about this Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Fund. You are advised to read it so you can make an informed decision about whether to invest. GLOBAL SUSTAINABLE EQUITY FUND Class I Inc ISIN: GB A sub-fund of Janus Henderson Sustainable/Responsible Funds, an OEIC managed by Henderson Investment Funds Limited. Objectives and investment policy Objective The Fund aims to achieve capital growth by investing primarily in a portfolio of global equities. The Fund invests in: Shares of companies in any industry and country that the investment manager considers to be contributing to positive environmental or social change and thereby have an impact on the development of a sustainable global economy. In choosing investments, the investment manager uses overall market and economic research to identify the most promising industries and focuses on companies with strong management, attractive valuations and good growth potential. The Fund may use derivatives to reduce risk or to manage the Fund more efficiently. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within 5 years. This Fund is designed to be used only as one component in several in a diversified investment portfolio. Investors should consider carefully the proportion of their portfolio invested into this Fund. Fund currency GBP Share class currency GBP Terms to understand Bonds Securities that represent an obligation to repay a debt along with interest. Shares / Equities Securities that represent fractional ownership in a company. Volatility How sharply the Fund's share price has gone up and down over a period, generally several years. Derivatives Financial instruments whose value is linked to the price of an underlying asset (eg indices, rates, share prices). You can buy, sell or switch shares in the Fund on any business day, as defined within the Definitions Section of the Fund s prospectus. The Fund offers accumulation shares (shares in which net income is retained within the price) and income shares (shares in which net income may be paid out to investors). Risk and reward profile Potentially lower reward Lower risk Potentially higher reward Higher risk The value of an investment and any income from it can go up or down. When you sell your shares they may be worth less than you paid for them. The risk/reward rating above is based on medium-term volatility. In the future, the Fund's actual volatility could be higher or lower and its rated risk/reward level could change. The share class appears at 5 out of 7. Share classes in higher categories have shown greater and/or more frequent variations in share price in the past 5 years than those in lower categories. The lowest category does not mean risk free. The rating does not reflect the possible effects of unusual market conditions or large unpredictable events. Under normal market conditions the following risks may apply: Active management risk Active management techniques that have worked well in normal market conditions could prove ineffective or detrimental at other times. Counterparty risk The Fund could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the Fund. Derivatives risk Derivatives use exposes the Fund to risks different from, and potentially greater than, the risks associated with investing directly in securities and may therefore result in additional loss, which could be significantly greater than the cost of the derivative. Equities risk Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result. Exchange rate risk Changes in currency exchange rates may cause the value of your investment and any income from it to rise or fall. Hedging risk If the Fund or a specific share class of the Fund seeks to reduce risks (such as exchange rate movements), the measures designed to do so may be ineffective, unavailable or detrimental. Liquidity risk Any security could become hard to value or to sell at a desired time and price, increasing the risk of investment losses. The full list of the Fund's risks are contained in the Risk Factors section of the Fund's prospectus.

8 Charges Past performance The charges you pay are used to pay the costs of running the Fund, including the costs of managing and distributing it. These charges reduce the potential growth of your investment. If you invest through a third party provider you are advised to consult them directly as charges, performance and terms and conditions may differ materially to those shown in this document. One-off charges taken before or after you invest* Entry Charge 0.00% Exit Charge 0.00%** * The charges shown are maximum figures. In some cases you may pay less. ** Subject to a charge of up to 3.00% where the Manager suspects excessive trading by an investor (and specifically on subscriptions held for less than 90 days). Performance (%) 40% 30% 20% % 0% -10% % % -40% Charges taken from the Fund over a year Ongoing Charges 0.84% The ongoing charges are based on last year's expenses for the year ending 31 March Ongoing charges may vary from year to year. The figure for ongoing charges excludes portfolio transaction costs, except in the case of an initial charge paid by the Fund when buying shares or units in another fund. For more information about charges, please see the Charges section of the Fund's prospectus Year The Fund The past performance is calculated in GBP. The Fund and the share class were launched in July Past performance is not a guide to future performance. The past performance shown in the chart takes into account all charges except entry charges. Practical information Depositary: National Westminster Bank Plc. To obtain more information: This Key Investor Information Document may not contain all the information you need. For the last published price of shares in the Fund, or to obtain the annual/semi-annual report, please visit Documents are available free of charge in English and certain other languages. For a free copy of the Fund s prospectus please contact the registered office of the Fund at 201 Bishopsgate, London EC2M 3AE, UK or your local representative office. Tax: Investors should note that the tax legislation that applies to the Fund may have an impact on the personal tax position of their investment in the Fund. Contact your adviser to discuss tax treatment, suitability of this investment, and other questions. Notices: Henderson Investment Funds Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the Fund. The assets of each sub-fund are segregated, meaning that each sub-fund is insulated from any losses or claims associated with the other sub-funds. To place transaction orders: You can place orders to buy, sell or switch shares of this Fund by contacting your advisor or distributor, or us directly at Janus Henderson Investors, PO BOX 9023, Chelmsford CM99 2WB or by calling our Investor Services team on Further information about dealing, other share classes of this Fund or other funds in this OEIC may be obtained by visiting or found in the Fund's prospectus. The Fund is authorised in the UK and regulated by the Financial Conduct Authority ( FCA ). Henderson Investment Funds Limited is authorised in the UK and regulated by the FCA. The details of the up-to-date remuneration policy of the Manager are available at A paper copy of the remuneration policy will be made available free of charge upon request. These include a description of how pay and benefits are worked out and the people or committee members responsible for awarding them. This Key Investor Information is accurate as at 12 February 2018.

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

10 Charges Past performance The charges you pay are used to pay the costs of running the Fund, including the costs of managing and distributing it. These charges reduce the potential growth of your investment. If you invest through a third party provider you are advised to consult them directly as charges, performance and terms and conditions may differ materially to those shown in this document. One-off charges taken before or after you invest* Entry Charge 0.00% Exit Charge 0.00%** * The charges shown are maximum figures. In some cases you may pay less. ** Subject to a charge of up to 3.00% where the Manager suspects excessive trading by an investor (and specifically on subscriptions held for less than 90 days). Performance (%) 40% 30% % % 0% % -20% -30% % Charges taken from the Fund over a year Ongoing Charges 0.84% The ongoing charges are based on last year's expenses for the year ending 31 March Ongoing charges may vary from year to year. The figure for ongoing charges excludes portfolio transaction costs, except in the case of an initial charge paid by the Fund when buying shares or units in another fund. For more information about charges, please see the Charges section of the Fund's prospectus Year The Fund The past performance is calculated in GBP. The Fund and the share class were launched in June Past performance is not a guide to future performance. The past performance shown in the chart takes into account all charges except entry charges. Practical information Depositary: National Westminster Bank Plc. To obtain more information: This Key Investor Information Document may not contain all the information you need. For the last published price of shares in the Fund, or to obtain the annual/semi-annual report, please visit Documents are available free of charge in English and certain other languages. For a free copy of the Fund s prospectus please contact the registered office of the Fund at 201 Bishopsgate, London EC2M 3AE, UK or your local representative office. Tax: Investors should note that the tax legislation that applies to the Fund may have an impact on the personal tax position of their investment in the Fund. Contact your adviser to discuss tax treatment, suitability of this investment, and other questions. Notices: Henderson Investment Funds Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the Fund. The assets of each sub-fund are segregated, meaning that each sub-fund is insulated from any losses or claims associated with the other sub-funds. To place transaction orders: You can place orders to buy, sell or switch shares of this Fund by contacting your advisor or distributor, or us directly at Janus Henderson Investors, PO BOX 9023, Chelmsford CM99 2WB or by calling our Investor Services team on Further information about dealing, other share classes of this Fund or other funds in this OEIC may be obtained by visiting or found in the Fund's prospectus. The Fund is authorised in the UK and regulated by the Financial Conduct Authority ( FCA ). Henderson Investment Funds Limited is authorised in the UK and regulated by the FCA. The details of the up-to-date remuneration policy of the Manager are available at A paper copy of the remuneration policy will be made available free of charge upon request. These include a description of how pay and benefits are worked out and the people or committee members responsible for awarding them. This Key Investor Information is accurate as at 12 February 2018.

11 Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Jupiter Ecology Fund I-Class I-Class Accumulation Units, ISIN: GB00B4KLC262, (also representative of I-Class Income Units, ISIN: GB00B7W6PR65 at launch date 29/10/2012). The Manager is Jupiter Unit Trust Managers Limited. Objectives and investment policy The Fund objective is to grow the money invested in the Fund and to provide an income that grows in value over the long-term. The Fund will invest in the shares of companies throughout the world which show a positive commitment to the protection of the environment. The Fund Manager is able to make their own investment decisions, is not constrained by any geographical or sector limits and is not guided by any particular benchmark. If you select I-Class Accumulation Units any income payable by the Fund will be automatically reinvested and reflected in the price of the units. If you select I-Class Income Units any income payable by the Fund will be distributed to investors on a regular basis. Investors are able to buy and sell units during any business day between 9am and 5.30pm. If you tell us to buy or sell units before 12pm on any business day we will make the transaction on the same day. If you tell us to buy or sell units after 12pm we will make the transaction on the following business day. Risk and reward profile The Risk and Reward Indicator table demonstrates where the Fund ranks in terms of its potential risk and reward. The higher the rank the greater the potential reward but the greater the risk of losing money. It is based on past data, may change over time and may not be a reliable indication of the future risk profile of the Fund. The shaded area in the table below shows the Fund s ranking on the Risk and Reward Indicator. Typically lower rewards, lower risk The lowest category does not mean no risk. Typically higher rewards, higher risk The Fund is in this category due to the nature of its investments and previous levels of volatility (how much the value of the Fund rises and falls). Market and exchange rate movements can cause the value of an investment to fall as well as rise, and you may get back less than originally invested. Page 1 of 2.

12 Charges The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge 0.00% Exit charge 0.00% These are the maximum charges that we might take out of your money before it is invested and before we pay out the sale proceeds of your investment. The ongoing charges figure is based on the last year s expenses and may vary from year to year. It excludes the costs of buying or selling assets for the Fund (unless these assets are shares of another fund). The ongoing charges figure quoted in this document is based on fees and expenses for the annualised period to 30/09/2017. Further information about charges is available in sections 18 and 19 of the Scheme Particulars which are available from Jupiter on request. Charges taken from the Fund over a year Ongoing charges 0.78% Charges taken from the Fund under specific conditions Performance fee NONE Past performance % Fund Source: FE2017 Past performance is not a guide to future performance. Fund launch date: 01/04/1988 Share/unit class launch date: 15/06/2009 Performance is calculated in GBP. The past performance shown in the chart includes all charges except any entry and exit charges, and is shown after UK tax. Practical information Further information can be found by requesting the Scheme Particulars or annual and half-yearly report and accounts which are available from Jupiter on request by contacting our Customer Services Team on These documents are available in English and are free of charge. Jupiter operates a Group-wide remuneration policy, overseen by an independent Remuneration Committee. Details of this policy, including an overview of remuneration elements and associated governance processes, are set out on our website Fund-Management-plc/Governance/Risk-management from 18 March A paper copy of these Remuneration Disclosures is available free of charge, upon request. Unit prices can be found by visiting the Jupiter website, The name of the trustee is National Westminster Bank plc. The trustee has delegated the function of custodian to Northern Trust Company. Tax law may have an impact on your own tax position. We advise you to take tax advice where necessary. Jupiter Unit Trust Managers Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Scheme Particulars of the Fund. Other unit classes are available. Further information is available from Jupiter on request. The Fund is authorised and regulated by the Financial Conduct Authority in the UK. Jupiter Unit Trust Managers Limited is authorised and regulated by the Financial Conduct Authority in the UK This Key Investor Information is accurate as at 22/01/2018. Page 2 of 2.

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

14 Charges The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge 0.00% Exit charge 0.00% This is the maximum that might be taken out of your money before it is invested / before the proceeds of your investment are paid out. Charges taken from the fund over a year The entry and exit charges shown are the maximum figures, and in some cases you may pay less. You can find out specific charges which apply to your investment by contacting your financial adviser, distributor, or by contacting us using the details given in the Practical Information section. The ongoing charge is based on expenses for the year to 31 December This figure may vary from year to year. It excludes any portfolio transaction costs (except in the case of an entry/exit charge paid by the Fund when buying and selling shares in another fund). Switches or Conversion: 1st 4 in any calendar year are free, and subject to a charge of 1.5% on each transaction thereafter. More detailed information on charges can be found in the 'Fees and Expenses' section of the Prospectus. Ongoing charges 0.79% Charges taken from the fund under certain specific conditions Performance fee None Past performance % Sterling Class B (GB00B7TCPG66) Past performance is not a guide to future performance. Fund launch date: 01 March 2007 Share class launch date: 14 May 2013 Performance is calculated in GBP. The past performance calculation does not take into account the entry and exit charges but does take into account the ongoing charge, as shown in the 'Charges' section. Source: Lipper Source: Lipper Practical information Kames Capital ICVC is a UCITS scheme structured as an umbrella company with various sub-funds, with segregated liability between sub-funds. This document describes one sub-fund of the UCITS; the Prospectus and the Report and Accounts are prepared for the entire UCITS. You can exchange your holdings into another share class of the Fund, or another sub-fund of the UCITS, at any time. More detailed information on exchanging can be found in the 'Buying, Redeeming, Switching and Conversion of Shares' section of the Prospectus. The assets and liabilities of the Fund are segregated by law. Accordingly, the assets of this Fund belong exclusively to it and may not be used to meet the liabilities of, or claims against, any other fund within the Kames Capital ICVC. Any liability incurred on behalf of, or attributable to, the Fund shall be discharged solely out of the assets of the Fund. The depositary is National Westminister Bank plc. The prices of shares will be published daily on our website ( Further information about the Fund and copies of the Prospectus and the latest Annual and Semi-Annual Report and Accounts can be obtained, free of charge, on our website ( or by calling These documents are available in English. You should be aware that tax legislation in the UK (where the Fund is authorised) may have an impact on your personal tax position. Kames Capital plc may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus. Details of the up to date remuneration policy of Kames Capital plc ( the Company ) including but not limited to, a description of how remuneration and benefits are calculated, the identity of persons responsible for awarding the remuneration and benefits, are available at A paper copy will be available free of charge upon request at the registered office of the Company. Kames Capital ICVC is authorised in the United Kingdom and regulated by the Financial Conduct Authority (FCA). This key investor information is accurate as at 13/02/2018.

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

16 Charges The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge 0.00% Exit charge 0.00% This is the maximum that might be taken out of your money before it is invested / before the proceeds of your investment are paid out. Charges taken from the fund over a year The entry and exit charges shown are the maximum figures, and in some cases you may pay less. You can find out specific charges which apply to your investment by contacting your financial adviser, distributor, or by contacting us using the details given in the Practical Information section. The ongoing charge is based on expenses for the year to 31 December This figure may vary from year to year. It excludes any portfolio transaction costs (except in the case of an entry/exit charge paid by the Fund when buying and selling shares in another fund). Switches or Conversion: 1st 4 in any calendar year are free, and subject to a charge of 1.5% on each transaction thereafter. More detailed information on charges can be found in the 'Fees and Expenses' section of the Prospectus. Ongoing charges 0.54% Charges taken from the fund under certain specific conditions Performance fee None Past performance % Sterling Class B (GB00B0C4RP31) Past performance is not a guide to future performance. Fund launch date: 28 April 2000 Share class launch date: 28 June 2005 Performance is calculated in GBP. The past performance calculation does not take into account the entry and exit charges but does take into account the ongoing charge, as shown in the 'Charges' section. Source: Lipper Source: Lipper Practical information Kames Capital ICVC is a UCITS scheme structured as an umbrella company with various sub-funds, with segregated liability between sub-funds. This document describes one sub-fund of the UCITS; the Prospectus and the Report and Accounts are prepared for the entire UCITS. You can exchange your holdings into another share class of the Fund, or another sub-fund of the UCITS, at any time. More detailed information on exchanging can be found in the 'Buying, Redeeming, Switching and Conversion of Shares' section of the Prospectus. The assets and liabilities of the Fund are segregated by law. Accordingly, the assets of this Fund belong exclusively to it and may not be used to meet the liabilities of, or claims against, any other fund within the Kames Capital ICVC. Any liability incurred on behalf of, or attributable to, the Fund shall be discharged solely out of the assets of the Fund. The depositary is National Westminister Bank plc. The prices of shares will be published daily on our website ( Further information about the Fund and copies of the Prospectus and the latest Annual and Semi-Annual Report and Accounts can be obtained, free of charge, on our website ( or by calling These documents are available in English. You should be aware that tax legislation in the UK (where the Fund is authorised) may have an impact on your personal tax position. Kames Capital plc may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus. Details of the up to date remuneration policy of Kames Capital plc ( the Company ) including but not limited to, a description of how remuneration and benefits are calculated, the identity of persons responsible for awarding the remuneration and benefits, are available at A paper copy will be available free of charge upon request at the registered office of the Company. Kames Capital ICVC is authorised in the United Kingdom and regulated by the Financial Conduct Authority (FCA). This key investor information is accurate as at 13/02/2018.

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

18 Charges The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge 0.00% Exit charge 0.00% This is the maximum that might be taken out of your money before it is invested / before the proceeds of your investment are paid out. Charges taken from the fund over a year Ongoing charges 0.89% Charges taken from the fund under certain specific conditions Performance fee None The entry and exit charges shown are the maximum figures, and in some cases you may pay less. You can find out specific charges which apply to your investment by contacting your financial adviser, distributor, or by contacting us using the details given in the Practical Information section. The ongoing charge is based on expenses for the year to 31 December This figure may vary from year to year. It excludes any portfolio transaction costs (except in the case of an entry/exit charge paid by the Fund when buying and selling shares in another fund). The fund has other costs in addition to the ongoing charges shown above. These costs are associated with the day to day operation of the direct property assets, an estimate of these is represented by the property expense ratio (PER). For details of how the PER is calculated please refer to the latest Report and Accounts on our website ( The PER for this share class is 0.57% as at 31 December 2017 and is subject to fluctuations. Past performance % Sterling Class B (GB00BK6MJH97) Past performance is not a guide to future performance. Fund launch date: 28 March 2014 Share class launch date: 28 March 2014 Performance is calculated in GBP. The past performance calculation does not take into account the entry and exit charges but does take into account the ongoing charge, as shown in the 'Charges' section. Source: Lipper Practical information Kames Capital Unit Trust is a non-ucits retail scheme (NURS) structured as an umbrella unit trust with various sub-funds, with segregated liability between sub-funds. This document describes one sub-fund of the NURS; the Prospectus and the Report and Accounts are prepared for the entire NURS. You can Exchange your holdings into another share class of the Fund, or another sub-fund of the NURS, at any time. More detailed information on exchanging can be found in the 'Buying, Redeeming, Converting and Switching of Units' section of the Prospectus. The assets and liabilities of the Fund are segregated by law. Accordingly, the assets of this Fund belong exclusively to it and may not be used to meet the liabilities of, or claims against, any other fund within the Kames Capital Unit Trust. Any liability incurred on behalf of, or attributable to, the Fund shall be discharged solely out of the assets of the Fund. The Trustee is National Westminster Bank plc. The prices of units will be published daily on our website ( Further information about the Fund and Feeder and copies of their Prospectuses and their latest Annual and Semi-Annual Report and Accounts, and the Key Investor Information Document can be obtained, free of charge, on our website ( or by calling These documents are available in English. You should be aware that tax legislation in the UK (where the Fund is authorised) may have an impact on your personal tax position. Details of the up to date remuneration policy of Kames Capital plc ( the Company ) including but not limited to, a description of how remuneration and benefits are calculated, the identity of persons responsible for awarding the remuneration and benefits, are available at A paper copy will be available free of charge upon request at the registered office of the Company. Kames Capital Unit Trust is authorised in the United Kingdom and regulated by the Financial Conduct Authority (FCA). This key investor information is accurate as at 13/02/2018.

19 KEY INVESTOR INFORMATION This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Legal & General Ethical Trust (the "Fund") Class I Income ISIN: GB00B0CNH833 The authorised fund manager of the Fund is Legal & General (Unit Trust Managers) Limited. OBJECTIVE AND INVESTMENT POLICY Objective The objective of this Fund is to provide growth by investing in a portfolio of companies whose business meets a range of ethical and environmental guidelines. (You can find details of these guidelines in the Fund's Prospectus or in The Legal & General Ethical Trust - Who's in and Who's out document.) Investment policy: The Fund will invest almost entirely in company shares. These shares will be from companies in the FTSE 350 Index whose business meets the ethical and environmental guidelines of the Fund. The Index consists of shares of the 350 largest companies listed on the UK stock market. The amount of shares held from each company will be in proportion to the company's size. However, no one company can make up more than one tenth of the Fund's value. The Fund is managed with reference to the FTSE 350. The Fund is managed closely to that benchmark after allowing for the removal of companies that do not meet its objective. The Fund may use derivatives (contracts which have a value linked to the price of another asset) to: reduce risk or cost; or generate additional capital or income with no, or an acceptably low, level of risk. Other information: If you hold income units, income from investments held by the Fund will be paid out to you (as a dividend). This will reduce your capital growth accordingly. You can buy or sell units in this Fund on any business day. You need to contact us with your instruction before 12 noon. This is the time we calculate unit prices for this Fund. If you contact us after 12 noon, the units will be bought or sold at the next business day's price. The Fund's base currency is denominated in sterling (British pounds). This Fund is designed for investors looking for growth from an investment in UK company shares that confirm to a range of Ethical and Environmental guidelines. Although investors can take their money out at any time, this Fund may not be appropriate for those who plan to withdraw their money within five years. This Fund is not designed for investors who cannot afford more than a minimal loss of their investment. If you do not understand this document we recommend you seek additional information to help you decide if this Fund is right for you. RISK AND REWARD PROFILE Lower risk Potentially lower rewards Higher risk Potentially higher rewards This risk and reward indicator is based on historical data which may not be a reliable indication of the Fund's risk and reward category in the future. The category number highlighted above reflects the rate at which the Fund s unit price has moved up and down in the past. If the Fund has less than 5 years track record, the number also reflects the rate at which the index the Fund tracks has moved up and down in the past. Higher numbers mean the potential reward could be greater, but this comes with increased risk of losing money. The Fund is in category 5 because it invests in company shares which are sensitive to variations in the stock market. The value of company shares can change substantially over short periods of time. Company shares are generally considered to be higher risk investments than bonds or cash. The Fund's category is not guaranteed to remain the same and may change over time. Even a fund in the lowest category is not a risk free investment. The risk and reward indicator may not take account of the following risks of investing in the Fund: The Fund could lose money if any institutions providing services such as acting as counterparty to derivatives or other instruments, becomes unwilling or unable to meet its obligations to the Fund. Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains. The Fund may have underlying investments that are valued in currencies that are different from sterling (British Pounds). Any such investments will be impacted by exchange rate fluctuations and this may affect the value of your investment and any income from it. Currency hedging techniques may be applied to reduce the impact of exchange rate fluctuations but may not entirely eliminate it.

20 (return %) CHARGES FOR THIS FUND The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential return from your investment. One-off charges taken before or after you invest Entry charge 0.00%* Exit charge 0.00%* This is the maximum that might be taken out of your money before it is invested. *The Fund also incurs a unit price spread. See opposite. Charges taken from the fund over a year Ongoing charges 0.31% Charges taken from the fund under certain specific conditions Performance fee PAST PERFORMANCE None There are no entry or exit charges for this Fund. The ongoing charges figure is based on the latest available expenses at December This figure may change in the future. This Fund's ongoing charges include any charges made by any other funds it may invest in. They exclude portfolio transaction costs. The ongoing charges are taken from the income of the Fund. Other costs: Unit price spread: each day there are two prices for this Fund: a higher price you pay to buy units and a lower price you receive when you sell units. The Fund manager calculates these prices. The difference between these prices is called the 'spread'. The spread is separate to the ongoing charges shown in this section. This Fund's spread reflects the difference between the buying and selling prices of the assets it holds and costs associated with buying and selling the assets. The spread can change at any time and by any amount. As an example, the buying price for units in this Fund was 0.57% higher than the selling price at 31 December For more information about charges and costs, please see the charges and expenses section in the Fund's Prospectus, or visit our website at legalandgeneral.com/chargesandfees Fund Index Past performance is not a guide to future performance. The figures for the Fund take into account the ongoing charges and assume income (after any tax) is reinvested. The figures do not take account of any bid-offer spread or dilution levy or any transaction costs. The performance has been calculated in Sterling (British Pounds). Fund performance differs from the benchmark due to the removal of companies that do not meet the fund's objective and expenses, tax and transactions costs, which the benchmark index is not subject to. The annual return is for a 12 month period ending 31 December. The Fund launched in This unit class launched in PRACTICAL INFORMATION The trustee and depositary is Northern Trust Global Services Limited. You can obtain further information about the Fund including copies of its prospectus, application forms and the latest annual and semi-annual reports at Paper copies of these documents are also available from: Legal & General Investments, PO Box 6080, Wolverhampton WV1 9RB. We provide documents free of charge and in English. A Guide to Investing with Us at gives further information about investing generally, including pricing. Investors can get other practical information, including the latest buying and selling prices, spreads and details of any other unit classes that are available, by calling us on Monday to Friday between 8.30am and 6.00pm. Call charges will vary. UK tax legislation may have an impact on each investor's personal tax position. Legal & General (Unit Trust Managers) Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus for the Fund. You can find details of our Remuneration Policy at You can also request a paper copy free of charge. The Policy includes details of our Remuneration Committee and how remuneration and benefits are calculated. The benchmark utilised by the Fund is provided by a benchmark administrator which is currently availing of the transitional arrangements afforded under Regulation (EU) 2016/1011 and accordingly does not currently appear on the register of administrators and benchmarks maintained by ESMA. This Fund is authorised in the United Kingdom by the Financial Conduct Authority. Legal & General (Unit Trust Managers) Limited is authorised and regulated by the United Kingdom Financial Conduct Authority. This key investor information is accurate as at 03 April 2018.

21 SUSTAINABLE FUTURE CORPORATE BOND FUND KEY INVESTOR INFORMATION DOCUMENT This document provides you with key investor information about this Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Fund. You are advised to read it so you can make an informed decision about whether to invest. Liontrust Sustainable Future Corporate Bond is a sub-fund of the Liontrust Sustainable Future ICVC and categorised as a UCITS scheme. This document is based upon Retail class units (2 Inc Class) (ISIN: GB ). This Fund is managed by Liontrust Investments Limited, a subsidiary of Liontrust Asset Management PLC. Objective The Fund aims to provide a higher long term return than that provided by UK Government bonds. Policy Although there is some potential for the value of the Fund to grow, over the long term most of the returns are likely to be in the form of income. Long term is generally regarded as 5 years or more. The Fund invests in a broad range of higher quality bonds. Bonds are broadly split into two types, higher quality, which are known as investment grade, and lower quality which are known as non-investment grade. Higher quality bonds are seen to have less risk and so usually offer lower returns. The Fund should have at least 80% invested in higher quality bonds. It may invest in global bonds issued by companies, governments and large international organisations in a variety of currencies. Normally 80% of the bonds in the Fund will be priced in Sterling, or hedged to Sterling. Hedging is a technique to reduce the impact of any adverse exchange rate movements. It will invest only in companies that meet our rules for environmental and social responsibility. The Fund Manager actively makes the investment selection decisions for the Fund. Fund income can be paid out to a bank account or used to buy more shares in the Fund. Recommendation This Fund may not be appropriate for investors who plan to withdraw their money within 5 years. How to buy You may buy or sell units on a daily basis (but not weekends or Bank Holidays). Orders must be received by 12:00 midday for execution at 12:00 midday valuation point on the same day. Further details can be found at to invest. Risk and reward profile Lower Risk Typically lower rewards Higher Risk Typically higher rewards This Synthetic Risk and Reward Indicator (SRRI) is based on historical data and may not be relied upon to gauge the future risk profile of the Fund. The SRRI shown is not guaranteed to remain the same and may shift over time. The lowest category (1) does not mean 'risk free'. The Fund's risk and reward category has been calculated using the methodology set by the European Commission. It is based upon the rate by which the Fund or a representative fund or index's value has moved up and down in the past. The Fund is categorised 3 because funds of this type have experienced average rises and falls in value in the past. Fluctuations in interest rates are likely to affect the value of the bonds and other fixed-interest securities held by the Fund. If long-term interest rates rise, the value of your shares is likely to fall. The Fund can invest in derivatives. Derivatives are used to protect against currencies, credit and interests rates move or for investment purposes. There is a risk that losses could be made on derivative positions or that the counterparties could fail to complete on transactions. The value of these securities will fall if the issuer is unable to repay their debt or has their credit rating reduced. Generally, the higher perceived credit risk of the issuer, the higher the rate of interest.

22 SUSTAINABLE FUTURE CORPORATE BOND FUND Charges for this fund The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge Exit charge None None This is the maximum that might be taken out of your money before it is invested. Charges taken from the Fund over the year The entry and exit charges shown are maximum figures. In some cases you might pay less you can find this out from your financial adviser. The ongoing charges figure is based on expenses as at 31 December This figure may vary from year to year. It excludes: portfolio transaction costs, except in the case of an entry/exit charge paid by the UCITS when buying or selling shares in another collective investment undertaking. For more information about charges, please see the Charges and Expenses section of the Fund s prospectus, which is available electronically at Ongoing charges 0.60% Charges taken from the Fund under certain specific circumstances Performance fee None Past performance Past performance is not a guide to future performance. Past performance has been calculated on the basis that any distributable income of the Fund has been reinvested. The Fund launched on 19 February The base currency of the Fund is pounds sterling. The 2 share class was launched on 19 February % 20% 10% % 7.3% 4.4% 15.7% 1.8% 9.8% 0.5% 10.5% 7.2% -10% -20% -14.5% Liontrust Sustainable Future Corporate Bond Fund (2) Practical information Authorisation Depositary Investment Adviser Further information Taxation This Fund is authorised in the UK and regulated by the Financial Conduct Authority. The Fund's Depositary is National Westminster Bank Plc Liontrust Investments Limited Copies of the prospectus and the latest annual and half-yearly reports, which are the primary source of additional information, are available, without charge, from Liontrust Investments Limited, 2 Savoy Court, London, WC2R, 0EZ. They are also available electronically at UK tax legislation may have an impact upon your own personal tax position. Fund prices and other information The Fund's last published price is available from Liontrust Investments Limited at Products/FundPrices or by writing to us at 2 Savoy Court, London, WC2R 0EZ or by telephoning during business hours (9.00am 5.00pm). Remuneration Information on the current remuneration policy of the Fund, including a description of how remuneration and benefits are calculated and the identity of persons responsible for awarding the remuneration and benefits, is available at A paper copy of this information is available free of charge upon request from Liontrust Investments Limited at 2 Savoy Court, London, WC2R 0EZ. Liontrust Investments Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the Fund. This Key Investor Information is accurate as at 16 February 2018.

23 SUSTAINABLE FUTURE GLOBAL GROWTH FUND KEY INVESTOR INFORMATION DOCUMENT This document provides you with key investor information about this Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Fund. You are advised to read it so you can make an informed decision about whether to invest. Liontrust Sustainable Future Global Growth is a sub-fund of the Liontrust Sustainable Future ICVC and categorised as a UCITS scheme. This document is based upon Retail class units (2 Acc Class) (ISIN: GB ). This Fund is managed by Liontrust Investments Limited, a subsidiary of Liontrust Asset Management PLC. Objective The Fund aims for long term capital growth, this is generally regarded as 5 years or more. Policy The Fund will invest in the shares of a broad range of companies from around the world based on the Fund managers view of their long term return prospects, both in terms of potential share price growth and earnings growth. It will invest only in companies that meet our rules for environmental and social responsibility. Typically at least 90% of the Fund will be invested in the shares of global companies, investment may on occasions be limited to a single country. Investments in the bond market may also be made from time to time. Any income produced is kept within the fund and reflected in the share price. Recommendation This Fund may not be appropriate for investors who plan to withdraw their money within 5 years. How to buy You may buy or sell units on a daily basis (but not weekends or Bank Holidays). Orders must be received by 12:00 midday for execution at 12:00 midday valuation point on the same day. Further details can be found at to invest. Risk and reward profile Lower Risk Typically lower rewards Higher Risk Typically higher rewards This Synthetic Risk and Reward Indicator (SRRI) is based on historical data and may not be relied upon to gauge the future risk profile of the Fund. The SRRI shown is not guaranteed to remain the same and may shift over time. The lowest category (1) does not mean 'risk free'. The Fund's risk and reward category has been calculated using the methodology set by the European Commission. It is based upon the rate by which the Fund or a representative fund or index's value has moved up and down in the past. The Fund is categorised 5 primarily due to its exposure to global equities. The SRRI may not fully take into account the following risks: that a company may fail thus reducing its value within the Fund; any company which has high overseas earnings may carry a higher currency risk; any overseas investments may carry a higher currency risk. They are valued by reference to their local currency which may move up or down when compared to the currency of the Fund. The Fund may, under certain circumstances, make use of derivative instruments but it is not intended that their use will materially affect volatility. Fluctuations in interest rates are likely to affect the value of the bonds and other fixed-interest securities held by the Fund. If long-term interest rates rise, the value of your shares is likely to fall. Counterparty risk: any derivative contract, including FX hedging, may be at risk if the counterparty fails. For full details of the Fund's risks, please see the prospectus which may be obtained from Liontrust (address overleaf) or online at

24 SUSTAINABLE FUTURE GLOBAL GROWTH FUND Charges for this fund The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge Exit charge None None This is the maximum that might be taken out of your money before it is invested. Charges taken from the Fund over the year The entry and exit charges shown are maximum figures. In some cases you might pay less you can find this out from your financial adviser. The ongoing charges figure is based on expenses as at 31 December This figure may vary from year to year. It excludes: portfolio transaction costs, except in the case of an entry/exit charge paid by the UCITS when buying or selling shares in another collective investment undertaking. For more information about charges, please see the Charges and Expenses section of the Fund s prospectus, which is available electronically at Ongoing charges 0.85% Charges taken from the Fund under certain specific circumstances Performance fee None Past performance Past performance is not a guide to future performance. Past performance has been calculated on the basis that any distributable income of the Fund has been reinvested. The Fund launched on 19 February The base currency of the Fund is pounds sterling. The 2 share class was launched on 19 February Practical information 30% 20% 10% 0-10% -20% -30% 24.9% 17.3% 18.8% 12.4% 12.8% 6.2% 7.7% 6.5% -4.2% -21.5% Liontrust Sustainable Future Global Growth Fund (2) Authorisation Depositary Investment Adviser Further information Taxation This Fund is authorised in the UK and regulated by the Financial Conduct Authority. The Fund's Depositary is National Westminster Bank Plc Liontrust Investments Limited Copies of the prospectus and the latest annual and half-yearly reports, which are the primary source of additional information, are available, without charge, from Liontrust Investments Limited, 2 Savoy Court, London, WC2R, 0EZ. They are also available electronically at UK tax legislation may have an impact upon your own personal tax position. Fund prices and other information The Fund's last published price is available from Liontrust Investments Limited at Products/FundPrices or by writing to us at 2 Savoy Court, London, WC2R 0EZ or by telephoning during business hours (9.00am 5.00pm). Remuneration Information on the current remuneration policy of the Fund, including a description of how remuneration and benefits are calculated and the identity of persons responsible for awarding the remuneration and benefits, is available at A paper copy of this information is available free of charge upon request from Liontrust Investments Limited at 2 Savoy Court, London, WC2R 0EZ. Liontrust Investments Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the Fund. This Key Investor Information is accurate as at 16 February 2018.

25 UK ETHICAL FUND KEY INVESTOR INFORMATION DOCUMENT This document provides you with key investor information about this Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Fund. You are advised to read it so you can make an informed decision about whether to invest. Liontrust UK Ethical is a sub-fund of the Liontrust Sustainable Future ICVC and categorised as a UCITS scheme. This document is based upon Retail class units (2 Acc Class) (ISIN: GB00B8HCSD36). This Fund is managed by Liontrust Investments Limited, a subsidiary of Liontrust Asset Management PLC. Objective The Fund aims for long term capital growth, this is generally regarded as 5 years or more. Policy The Fund will invest in the shares of a broad range of UK Companies. The Fund will invest only in companies that meet our ethical requirements and meet our rules for environmental and social responsibility. Typically at least 80% of the Fund will be invested in the shares of UK companies. Holders of income shares can have any income paid out to a bank account or used to buy more shares in the fund. For Accumulation shareholders any income produced is kept within the fund and reflected in the share price. Recommendation This Fund may not be appropriate for investors who plan to withdraw their money within 5 years. How to buy You may buy or sell units on a daily basis (but not weekends or Bank Holidays). Orders must be received by 12:00 midday for execution at 12:00 midday valuation point on the same day. Further details can be found at to invest. Risk and reward profile Lower Risk Typically lower rewards Higher Risk Typically higher rewards This Synthetic Risk and Reward Indicator (SRRI) is based on historical data and may not be relied upon to gauge the future risk profile of the Fund. The SRRI shown is not guaranteed to remain the same and may shift over time. The lowest category (1) does not mean 'risk free'. The Fund's risk and reward category has been calculated using the methodology set by the European Commission. It is based upon the rate by which the Fund or a representative fund or index's value has moved up and down in the past. The Fund is categorised 5 primarily because of its exposure to UK equities. The SRRI may not fully take into account the following risks: that a company may fail thus reducing its value within the Fund; any company which has high overseas earnings may carry a higher currency risk; The Fund may, under certain circumstances, make use of derivative instruments but it is not intended that their use will materially affect volatility. Counterparty risk: any derivative contract, including FX hedging, may be at risk if the counterparty fails. For full details of the Fund's risks, please see the prospectus which may be obtained from Liontrust (address overleaf) or online at

26 UK ETHICAL FUND Charges for this fund The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge Exit charge None None This is the maximum that might be taken out of your money before it is invested. Charges taken from the Fund over the year The entry and exit charges shown are maximum figures. In some cases you might pay less you can find this out from your financial adviser. The ongoing charges figure is based on expenses as at 31 December This figure may vary from year to year. It excludes: portfolio transaction costs, except in the case of an entry/exit charge paid by the UCITS when buying or selling shares in another collective investment undertaking. For more information about charges, please see the Charges and Expenses section of the Fund s prospectus, which is available electronically at Ongoing charges 0.81% Charges taken from the Fund under certain specific circumstances Performance fee None Past performance Past performance is not a guide to future performance. Past performance has been calculated on the basis that any distributable income of the Fund has been reinvested. The Fund launched on 10 May The base currency of the Fund is pounds sterling. The 2 share class was launched on 10 May Practical information 40% 30% 20% 10% 0-10% -20% -30% -40% 35.5% 22.7% 18.5% 16.1% 2.0% 22.5% 10.6% 4.5% -6.7% -34.4% Liontrust UK Ethical Fund (2) Authorisation Depositary Investment Adviser Further information Taxation This Fund is authorised in the UK and regulated by the Financial Conduct Authority. The Fund's Depositary is National Westminster Bank Plc Liontrust Investments Limited Copies of the prospectus and the latest annual and half-yearly reports, which are the primary source of additional information, are available, without charge, from Liontrust Investments Limited, 2 Savoy Court, London, WC2R, 0EZ. They are also available electronically at UK tax legislation may have an impact upon your own personal tax position. Fund prices and other information The Fund's last published price is available from Liontrust Investments Limited at Products/FundPrices or by writing to us at 2 Savoy Court, London, WC2R 0EZ or by telephoning during business hours (9.00am 5.00pm). Remuneration Information on the current remuneration policy of the Fund, including a description of how remuneration and benefits are calculated and the identity of persons responsible for awarding the remuneration and benefits, is available at A paper copy of this information is available free of charge upon request from Liontrust Investments Limited at 2 Savoy Court, London, WC2R 0EZ. Liontrust Investments Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the Fund. This Key Investor Information is accurate as at 16 February 2018.

27 This document provides you with key investor information about this Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Fund. You are advised to read it so you can make an informed decision about whether to invest. Key Investor Information Montanaro European Income Fund (the"fund") Share Class: Sterling Class (ISIN IE00B3Q8KY24), a Sub-Fund of Montanaro Smaller Companies plc (the"company"). Objectives and Investment Policy Investment Objective Capital growth and income. Investment Policy The Fund will invest primarily in Small and MidCap companies quoted in the EU (excluding the UK), Iceland, Norway and Switzerland that offer an attractive dividend yield or the potential for dividend growth. No unquoted investments are permitted. Expenses may be charged to the capital of the Fund so thatthe Fund may achievea higher than market average dividend income. This may have the effect of lowering the capital value of a shareholder's investment by foregoing the potential for future capital growth. Income It is intended that dividends will be paid quarterly. You may choose for your dividends to be reinvested. Fund Currency The base currency of the Fund is Euro. Investment Horizon Recommendation: This Fund may not be appropriate for investors who plan to withdraw their money within five years. Dealing Frequency Youmayredeemyourshares,orinvestintheFund,before12noon(Dublintime) on any business day except Irish or UK bank holidays. Risk and Reward Profile Lower risk Potentially lower reward Higher risk Potentially higher reward These numbers ratehow the Fund may performand the risk of losing some or all of your investment. In general the potential for higher returns also implies a higher level of risk. However, the lowest category (1) does not mean a risk free investment. The risk category is calculated using historical data and may not be a reliable indicator of the Fund's future risk profile. The risk category shown is not guaranteed and may change over time. Why is this Fund in this category? The Fund invests in securities which are subject to market fluctuations. The Fund's investments are concentrated in a specific region (Europe) and therefore may be more sensitive to localised economic, market, political or regulatory events. Additional Risks Liquidity / Market Capitalisation Risk Smallercompaniesmaybelessliquidthanthesharesoflargercompaniesandcanbe more sensitive to economic and other factors. As a result, the Fund may experience greater volatility both in the value of its investments and in its net asset value per share. 7 Exchange Rate Risk The Fund invests in quoted companies which may have share prices denominated in currencies other than the Euro and may therefore be exposed to exchange rate risks. In addition, holders of a share class in a currency that is different from the base currency of the Fund will be exposed to the exchange rate risk between the two currencies since there is no currency hedging. Different share classes may receive different investment returns. Market Risk The value of investmentsand, consequently,the price of shares can go down as well as up and an investor may not get back the amount originally invested. Tax Risk Any change in the Fund's tax status or in taxation legislation could affect the value of the investments held by the Fund. Dividend Risk Listed smaller companies can be more sensitive to downturns in the economy. During such times such companies may be less able to distribute dividends to shareholders and may reduce dividend payouts. Attractive dividends and dividend growth cannot be assured. Foramoredetailedexplanationoftheseandotherriskspleaserefertothe''Risk Factors'' section of the prospectus and supplement for the Fund. Counterparty / Operation Risk A counterparty may fail to pay the proceeds related to the sale of securities by the Fund, or may fail to deliver securities purchased by the Fund. Failures or delays in operational processes may negatively affect the Fund. Montanaro Asset Management Limited, 53 Threadneedle Street, London, EC2R 8AR Tel: Fax: enquiries@montanaro.co.uk

28 Key Investor Information Charges ThechargesyoupayareusedtopaythecostofrunningtheFundincludingthecosts of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge Exit charge 0.00% 0.00% This is the maximum that might be taken out of your money before it is invested or before the proceeds of your investment are paid out. The Fund does not charge entry or exit charges. The ongoing charge figure shown here is an estimate of the charges. This is based on the anticipated expenses for one year. The UCITS annual report for each financial year will include details on the exact charges made. This figure may vary from year to year. It excludes performance fees and portfolio transaction costs, except in the case of an entry / exit charge paid by the Fund when buying or selling units in another collective investment undertaking. Charges taken from the Fund over a year Ongoing charge Charges taken from the Fund under certain specific conditions Performance fee Not applicable 0.84% Investments in the Fund may be sold to meet ongoing charges and the value of your investment in the Fund would reduce. For more information about charges, please see the Fund's prospectus which is available at Past Performance n Incom mallca Montanaro European Income Fund Sterling Class MSCI Europe (ex-uk) SmallCap Composite Index GBP Effective 1 July 2016, the official benchmark changed from the MSCI Europe (ex- UK) SmallCap (Capital Return) Index to the MSCI Europe (ex-uk) SmallCap (Total Return) Index. The whole benchmark past performance shown here is calculated on a net total return basis. The share class performance includes dividends reinvested throughout the whole period. As of June 2018, the Fund's benchmark has been removed. Past performance is not a reliable indicator of future results. The past performance shown here includes ongoing charges. Entry / exit fees are excluded. Past performance has been calculated in GBP and is expressed as a percentage change of the Fund's net asset value at each year-end. The share class was launched in March Practical Information Depositary BNY Mellon Trust Company (Ireland) Limited Administrator BNY Mellon Fund Services (Ireland) DAC Further Information More detailed information on this Fund (such as the prospectus, the relevant supplement, and the latest annual and semi-annual report) is available in English free of charge from the Investment Manager, the Administrator, the Fund's distributors or online at The Company's remuneration policy can also be found at More share classes are available for this Fund. For more details about other share classes, please refer to the prospectus which is available at The Fund sits within an umbrella structure comprising a number of different subfunds, one of which is the Fund. This Key Investor Information Document(KIID) is specific to the Fund and share class stated at the beginning of this document. However, the prospectus, annual and halfyearly reports are prepared for the entire umbrella. KIID documents are available for all other sub-funds of the Company along with the prospectus and annual report at Youmayexchangeyoursharesfreeofchargeforsharesofanothershareclassor sub-fund of the Company. Please refer to the prospectus for further details. The Fund's assets are held separately from those of the other sub-funds. The assets and liabilities of each sub-fund are segregated by law, therefore the assets ofthisfundbelongexclusivelytoitandarenotavailabletomeettheliabilitiesof any other sub-fund. Net Asset Value (NAV) Publication The net asset value per share is available on Bloomberg and at the registered office of the Company. Tax Legislation TheFundissubjecttothetaxlawsandregulationsofIreland.Dependingonyour own country of residence, this might have an impact on your investments. For further details, you should consult a tax advisor. Liability Statement The Company may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the UCITS. The Company is authorised in Ireland and regulated by the Central Bank of Ireland. Montanaro Asset Management Limited is authorised in the UK and regulated by the Financial Conduct Authority (FCA). This key investor information is accurate as at 29/06/18.

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

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

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

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

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

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

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

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

37 Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Royal London Sustainable Leaders Trust (Income - Class C Shares) ISIN: GB00B8HTH592 This Fund is managed by RLUM Limited Objectives and investment policy Objective The Fund aims to provide growth in the value of your investment over time, by investing predominantly in the shares of UK companies Policy The investments picked for this Fund are screened in accordance with the Manager s ethical and sustainable investment policy. This policy applies an ethical screen to exclude companies that conflict with specific ethical concerns (e.g. the sale of weapons or tobacco) and a sustainable screen then applies positive criteria, seeking out companies that aim to mitigate environmental and social challenges and improve quality of life. This means the Fund will not invest in all areas of the market. Further details of this policy can be found in the Fund s Prospectus. At least 80% of the Fund s investments are in the shares of UK companies. Up to 20% of the Fund can be invested in shares in overseas companies. Recommendation This Fund may not be appropriate for investors who plan to withdraw their money within five years. You should aim to keep your units for at least five years, although you can sell them at any time. UK companies Companies which are established in the UK or which carry out a significant part of their activities in the UK Overseas companies Companies which are established outside of the UK or which carry out a significant part of their business activities outside of the UK. You can buy and sell your shares on each working day, except public holidays, at 12:00 noon if you tell us before 12:00 noon that you want to do so. Instructions received after 12:00 noon will be processed at 12:00 noon on the following working day. The following share classes are available for the Fund: Income A, Income B, Accumulation B, Income C, Accumulation C, Income D and Accumulation D. All share classes are subject to a minimum investment. If this is an income share class, any income will be paid out to you. If this is an accumulation share class, any income will be reinvested in the Fund. Risk and reward profile Lower potential risk/reward Higher potential risk/reward The Fund is shown in risk category 5 because its unit price has shown a medium to high level of volatility historically. As an investment, bonds are typically more volatile than money market instruments but less volatile than shares. Bonds issued by governments are typically less volatile than bonds issued by corporations. The indicator has been calculated using historical data and may not be a reliable indication of the future risk profile of the Fund. This Fund has historically been primarily invested in shares. The risk and reward indicator is not a measure of the expected rise or fall in capital but shows how sharply the Fund s share price has gone up and down historically. A fund whose share price has experienced sharp or large increases or decreases will sit in a higher risk category, whereas a fund whose share price has experienced small or gradual increases or decreases will sit in a lower risk category. The indicator is calculated using a standard methodology that is used by all companies offering such funds in Europe. The risk/reward indicator is an estimate and not a guarantee. Going forward, the Fund s actual volatility could be higher or lower, and its rated risk/reward profile could change. The lowest risk category does not mean the investment is risk free. The risk indicator does not adequately capture the following risks, which are materially relevant to the Fund: Concentration Risk: Funds which invest in a smaller number of securities can carry more risk than funds spread across a larger number of companies. To the extent that the Fund has exposure to an issuer, geographical area or type of security that is heavily affected by an event, either positive or negative, its value may rise or fall. Exchange Rate Risk: Investing in assets denominated in a currency other than the base currency of the Fund means the value of the investment can be affected by changes in exchange rates. Liquidity Risk: In difficult market conditions the value of certain fund investments may be less predictable than normal. In some cases this may make such investments harder to sell at the last quoted market price, or at a price considered to be fair. Such conditions could result in unpredictable changes in the value of your holding. For full details of the Fund s risks, please see the prospectus which may be obtained from ( Fund-Performance--Prices/) 1of2

38 Charges The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing the Fund. These charges reduce the potential growth of the investment. One-off charges taken before or after you invest: Entry charge 0.00% Exit charge 0.00% Charges taken from the fund over a year: Ongoing charge 0.76% Charges taken from the fund under specific conditions: Performance fee none The entry and exit charge is the maximum that might be taken out of your money before it is invested or before the proceeds of your investment are paid out. The ongoing charges figure is based on expenses as at 30 November This figure may vary from year to year and does not include portfolio transaction costs. Ongoing charges are the same for all investors. For more information about charges please see the Fund s prospectus, available at ( Fund-Performance--Prices/) Past performance The graph shows fund performance over the past 10 years where available. Past performance is no guarantee of future performance. The figure for a given year shows how much the Fund increased or decreased in value during that year. These results reflect ongoing charges taken from the Fund, but do not reflect any entry charges you might have to pay. This Fund was launched on the 29 May 1990 and the share class on 4 December The Royal London Sustainable Leaders Trust (Income - Class C Shares) in GBP 35% 30% 25% 20% 15% Practical information Trustee: HSBC Bank plc Additional Information: This Key Investor Information Document (KIID) may not contain all the information you need. For additional information on the Fund (including the Supplementary Information Document), on other share classes of this Fund and on other funds, or to obtain a free copy of the Fund s Prospectus or the annual and semiannual shareholder reports, call the information line or write to Royal London Asset Management Limited, details of which are below. Alternatively, visit The Prospectus and shareholder reports are in English. This KIID describes one share class of the Fund. The Prospectus and annual and semi-annual shareholder reports are prepared for the entire Fund across all share classes. For fund performance and most recent share price, visit Should you wish to switch share classes or funds, please see the Switching section of the Prospectus for details. Tax: Investors should note that the tax legislation that applies to the Fund may have an impact on the personal tax position of their investment in the Fund. Contact your adviser to discuss tax treatment, suitability of this investment, and other questions. Notices: RLUM Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus for the Fund. Details of the Company's remuneration policy are available at including: (a) a description of how remuneration and benefits are calculated; and (b) the identities of persons responsible for awarding remuneration and benefits. A paper copy of these details may be obtained, free of charge, on request from the Company, at the address below. This Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority (FCA). 10% 5% Address: Royal London Asset Management 55 Gracechurch Street, London EC3V 0RL 0% Fund Source: RLAM and Datastream as at 31 December 2017 Past performance is not a guide to future performance and may not be repeated. The value of investments may go down as well as up and you may not get back the amount you originally invested. The chart shows performance in British pounds after the ongoing charges and the portfolio transaction costs have been paid. Entry and exit charges are excluded from calculations of past performance. Telephone: Website: A member of the Investment Association Publication Date: This Key Investor Information is accurate as at 15 June Key Investor Information 2of2 Royal London Sustainable Leaders Trust (Income - Class C Shares)

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

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

41 Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Sarasin Responsible Global Equity, a sub-fund of Sarasin Funds ICVC Class P Accumulation Shares ISIN:GB00B8369M57 This Fund is managed by Sarasin Investment Funds Limited Objectives and Investment Policy Objective The Fund seeks to provide long-term growth and income through investment in the shares of companies from across the world with an overlay of ethical (socially responsible) criteria. Investment Policy The Fund invests in shares which satisfy Sarasin s thematic process. It is not constrained by geography, sector or style but manages risk through a variety of theme characteristics. The Fund will seek to avoid investing in companies which are materially involved in the production and distribution of ethically unacceptable products, including but not limited to alcohol, gambling, tobacco, pornography or armaments; companies which are materially involved in ethically unacceptable practices which may include, but is not limited to, considerations such as corruption, environmental degradation, poor labour practices and breaches of human rights; and companies which persistently, knowing and materially breach international legal standards. Derivatives (financial instruments whose value is linked to the expected future price movements of an underlying asset)may be used only with the aim of reducing risk or costs, or generating additional capital or income. Distribution Policy Any income due from your investment is reflected in the value of your shares rather than being paid out. Dealing Frequency You can buy and sell shares in the Fund before 12 noon GMT on any business day in London. Recommendation This Fund may not be appropriate for investors who plan to withdraw their money within 5 years. For full investment objectives and policy details please refer to the Prospectus. The Fund will not track an index. Risk and Reward Profile Lower risk Higher risk Potentially lower reward Potentially higher reward The Risk and Reward Indicator table demonstrates where the fund ranks in terms of its potential risk and return, calculated using the volatility of monthly returns over five years. As it is based upon how the fund has performed in the past, you should note that the fund may well perform differently in the future. The risk category shown is not guaranteed and may shift over time. The higher the rank the greater the potential reward but the greater the risk of losing money. The Fund is ranked at 4 reflecting observed historical returns and the mixed asset allocation. This ranking is typically higher than a fund which invests in cash deposits but lower than a fund which invests solely in Equities. The following risks may not be fully captured by the Indicator: Counterparty and Settlement Risk: The fund may enter into derivative transactions in over-the-counter markets, which will expose the fund to the credit risk of their counterparties. The fund may be exposed to the risk of settlement default where the counterparty may default on its obligations to perform under the relevant contract. In the event of the bankruptcy or insolvency of a counterparty, the fund could experience delays in liquidating the position as well as significant losses, including declines in value during the period in which the fund seeks to enforce its rights. Derivatives can only be used to manage the fund more efficiently in an attempt to reduce the overall risk of its investments, reduce the costs of investing or generate additional capital or income. Although this may not be achieved and may create losses greater than the cost of the derivative. Emerging Market Risk: Emerging markets may face more political, economic or structural challenges than developed markets and shares may be less liquid, meaning that investments may not be sold quickly enough to prevent or minimize a loss; they may therefore involve a higher risk than investing in developed markets. The fund has charges deducted from capital. This may reduce the potential for growth.

42 Charges The charges you pay are used to pay the costs of running the fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge Exit charge No charge No charge This is the maximum that might be taken out of your money before it is invested The ongoing charges figure is based on expenses for the year ending This figure may vary from year to year. It excludes: portfolio transaction costs, except in the case of an entry/exit charge paid by the Fund when buying or selling in another fund. For more information about charges, please refer to the relevant sections of the Prospectus available at Charges taken from the Fund over a year Ongoing charges 0.97% Charges taken from the Fund under certain specific conditions Performance fee No charge Past Performance % Past performance is not a guide to future performance, prices may fluctuate and you may not get back your original investment The performance figures include all ongoing charges and exclude any entry charges or exit charges The Fund was launched on 01/06/2011 This Share Class was launched on 15/10/2012 The past performance was calculated in GBP on a net asset value basis with net dividends reinvested Fund Practical Information Depositary: National Westminster Bank plc. Further Information: You can get further detailed information regarding the Fund, including how to buy, sell and switch shares, within the Prospectus, our Additional Information Document and the Annual and Semi-annual Reports and Accounts which you can get free of charge from Sarasin & Partners LLP. These are available in English only. You can also call us on , or look on our website: for further information including the latest share prices. Practical Information: This document contains information on Class P Accumulation Shares only. Other share classes of the Fund are available and further details can be found in the Prospectus. You are entitled to switch from one share class to another, either in the Fund or another sub-fund of Sarasin Funds ICVC, provided that you meet the criteria for that share class. Details of how to do this are contained in the Prospectus. Fund Information: The Fund is a sub-fund of the Sarasin Funds ICVC which is an investment company with variable capital incorporated under the OEIC Regulations. It is a UCITS scheme as defined in the FCA Collective Investment Schemes Handbook. This Key Investor Information describes a sub-fund of the Sarasin Funds ICVC and the Prospectus and Annual Reports will be prepared for the entire Sarasin Funds ICVC. Liability Statement: Sarasin Investment Funds Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus for the Fund. Fund Liability: The assets of the Fund are segregated from those of the other sub-funds of Sarasin Funds ICVC; therefore, the assets of the Fund will not be available to meet a claim of a creditor or another third party made against another sub-fund. Tax Legislation: The Fund is subject to the tax laws and regulations of the United Kingdom. Depending on your own country of residence, this might have an impact on your investment. For further details you should consult a tax adviser. Remuneration Policy: The Remuneration Policy of the Manager, which describes how remuneration and benefits are determined and awarded, and the associated governance arrangements, is available at or free of charge from Sarasin & Partners LLP, Juxon House, 100 St Paul's Churchyard, London, EC4M 8BU. This Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority. Sarasin Investment Funds Limited is authorised in the United Kingdom and regulated by the Financial Conduct Authority. This Key Investor Information is accurate as at 01/02/2018.

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

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