BlackRock Continental European Fund

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 risks of investing in this Fund. You are advised to read it so you can make an informed decision about whether to invest. BlackRock Continental European Fund Class D Accumulating GBP ISIN: GB00B4VY9893 Manager: BlackRock Fund Managers Limited Objectives and Investment Policy The Fund aims to achieve long-term capital growth on your investment. The Fund invests primarily in the equity securities (e.g. shares) of companies incorporated, or listed on a stock exchange, in Europe, excluding the United Kingdom. The companies in which the Fund invests will typically be larger companies. The investment adviser has discretion to select the Fund's investments and in doing so may take into consideration the FTSE World Europe ex-uk Index. Risk and Reward Profile Lower risk Typically lower rewards Higher risk Typically higher rewards The risk indicator was calculated incorporating simulated historical data and may not be a reliable indication of the future risk profile of the Fund. The risk category shown is not guaranteed and may change over time. The lowest category does not mean risk free. The Fund is rated six due to the nature of its investments which include the risks listed below. These factors may impact the value of the Fund s investments or expose the Fund to losses. Recommendation: This Fund may not be appropriate for short-term investment. Your units will be accumulating (i.e. dividend income will be included in their value). Your units will be denominated in Sterling, the Fund's base currency. You can buy and sell your units daily. The minimum initial investment for this unit class is 100, The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events. Particular risks not adequately captured by the risk indicator include: - Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss. For more information on risks, please see the Fund's prospectus, which is available at

2 Charges The charges 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. The entry and exit charges shown are maximum figures. In some cases you might pay less. Please refer to your financial advisor or the distributor for the actual entry and exit charges. * Subject to a charge of up to 2% paid into the Fund where the Manager suspects excessive trading by an investor. The ongoing charges figure is based on expenses for the twelve month period ending 25 February This figure may vary from year to year. It excludes portfolio trade-related costs, except costs paid to the custodian and any entry/exit charge paid to an underlying collective investment scheme (if any). ** To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 60% of the associated revenue generated and the remaining 40% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges. For more information on charges, please see the Fund's prospectus, which is available at One-off charges taken before or after you invest Entry Charge Exit Charge This is the maximum that might be taken out of your money before it is invested or before proceeds of your investments are paid out. Charges taken from the Fund over each year None None* Ongoing Charges 0.92%** Charges taken from the Fund under certain conditions Performance Fee None Past Performance Past performance is not a guide to future performance. The chart shows the Fund's annual performance in GBP for each full calendar year over the period displayed in the chart. It is expressed as a percentage change of the Fund's net asset value at each year-end. The Fund was launched in The share class was launched in Performance is shown after deduction of ongoing charges. Any entry/exit charges are excluded from the calculation. Benchmark: FTSE Wrld Eurpe ex UK (grs) (GBP) Historic performance to 31 December Fund Benchmark Practical Information The trustee of the Fund is BNY Mellon Trust & Depositary (UK) Limited. The trustee has delegated the function of custodian of the Fund to Bank of New York Mellon SA/NV. Further information about the Fund can be obtained from the Fund's prospectus and the latest annual report and half-yearly reports of the Fund. These documents are available free of charge in English. These can be found, along with other information, such as unit prices, on the BlackRock website at or by calling Investor Services on Investors should note that the tax legislation that applies to the Fund may have an impact on the personal tax position of your investment in the Fund. BlackRock Fund 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 Fund's prospectus. Further information about other unit classes can be found in the Fund's prospectus. This Fund and its manager, BlackRock Fund Managers Limited, are authorised in the UK and regulated by the Financial Conduct Authority. This Key Investor Information is accurate as at 3 April 2013

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. Jupiter Japan Income Fund I-Class I-Class Income Units, ISIN: GB00B6QC0Z69, (also representative of I-Class Accumulation Units, ISIN: GB00B5TGB445). The Fund s Investment Manager is Jupiter Unit Trust Managers Limited. Objectives and investment policy The Fund objective is to grow the money invested in the Fund over the long-term and provide investors with an income. The Fund will mainly invest in the shares and bonds of companies in Japan. The Fund Manager is able to make their own investment decisions 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 Typically higher rewards, higher risk The lowest category does not mean no risk. Some risk will still be present in funds with a risk and reward rating of 1. The Fund is in this category as it invests in a wide range of company shares, which carry a degree of risk. Investments, along with the income they provide, are not guaranteed and can fall in value. You may get back less than you invest. Due to entry charges, you are less likely to see growth, or get back the amount invested, in the first few years. The value of your money will be eroded by inflation. Changes to currency exchange rates may cause the value of the Fund to fall, sometimes by a large amount. 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. The ongoing charges figure is estimated because the share/unit class is relatively new and has insufficient track record for us to calculate it exactly. The ongoing charges figure may vary from year to year and will exclude 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 year to 31/07/2012. 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 1.00% Charges taken from the Fund under specific conditions Performance fee NONE Past performance There is insufficient data to provide a useful indication of past performance to investors. The Fund was launched on 15/09/2005. The share/unit class was launched on 17/09/2012. 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. 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 29/04/ QS Page 2 of 2.

5 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. Schroder US Mid Cap Fund an Authorised Unit Trust of Schroder Unit Trusts Limited Class Z Accumulation (GB00B7LDLV43) This fund is managed by Schroder Unit Trusts Limited, which is a member of the Schroders Group. Objectives and Investment Policy Objectives The fund aims to provide capital growth and income. Investment Policy At least 80% of the fund will be invested in shares of mediumsized North American companies. The fund has no bias to any particular industry. The companies will be in the bottom 40% by size of the North American market at the time of purchase. The fund invests in a broad range of medium sized North American companies on the belief that they will offer better growth prospects than their larger peers over the medium to long term. Smaller companies are typically at the early stages of their expansion and under-researched compared to their larger peers. Our investment approach focuses on three types of companies: companies that demonstrate strong growth trends and improving levels of cash; companies which generate dependable earnings and revenues; and companies which are companies that are undergoing positive change that is not being recognised by the market. By doing so, we believe that we can reduce overall risk and improve returns for our investors over the medium to long term. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to reduce risk or manage the fund more effectively. Benchmark This unit class is managed with reference to the Russell 2500 TR Lagged GBP financial index. The manager invests on a discretionary basis and is not limited to investing in accordance with the composition of this benchmark. Dealing Frequency You may redeem your investment upon demand. This fund deals daily. Distribution Policy This unit class accumulates income received from the fund's investments, meaning it is kept in the fund and its value is reflected in the price of the unit class. Risk and Reward Profile Lower risk Potentially lower reward Higher risk Potentially higher reward The risk and reward indicator The risk category was calculated using historical performance data and may not be a reliable indicator of the fund's future risk profile. The fund's risk category is not guaranteed to remain fixed and may change over time. A fund in the lowest category does not mean a risk-free investment. The fund is in this category because it can take higher risks in search of higher rewards and its price may rise and fall accordingly. Other particular risks Liquidity risk / small cap liquidity risk: Investments in small companies can be difficult to sell quickly which may affect the value of the fund and, in extreme market conditions, its ability to meet redemption requests upon demand. Operational risk / third parties: The fund's operations depend on third parties and it may suffer disruption or loss in the event of their failure.

6 Schroder Unit Trusts Limited Schroder US Mid Cap Fund Charges One-off charges taken before or after you invest Entry charge None Exit charge None This is the maximum that might be taken out of your money before it is invested. Charges taken from the fund over a year Ongoing Charge 0.92% Charges taken from the fund under certain specific conditions Performance fee None Past Performance 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. The entry and exit charges shown are maximum figures and in some cases you might pay less. You can find out the actual entry and exit charges from your financial advisor. The ongoing charges figure is based on the last year's expenses for the year ending December 2012 and may vary from year to year. Please see the prospectus for more details about the charges. Fund launch date: 1 June Performance figures are only available since the launch of the respective unit class. There are insufficient data to provide investors with a useful indication of the fund's past performance. Practical Information Trustee: J. P. Morgan Trustee and Depository Company Ltd. Further Information: You can get further information about this fund, including the prospectus, latest annual report, any subsequent half-yearly reports and the latest price of units from and from Schroder Investments Limited, PO Box 1102, Chelmsford, Essex, CM99 2XX, England, telephone They are in English, free of charge. Tax Legislation: The fund is subject to tax in the United Kingdom, which may have an impact on your personal tax position as an investor. Liability: Schroder Unit Trusts Ltd 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. Switches: Subject to conditions, you may apply to switch your investment into another unit class within this fund or in another Schroder fund. Please see the prospectus for more details. Glossary: You can find an explanation of some of the terms used in this document at This fund is authorised in the United Kingdom and regulated by the Financial Services Authority (FSA). This key investor information is accurate as at 19 February 2013.

7 Objectives and Investment Policy Aims to provide income and long-term capital growth. Invests primarily in investments in the UK, including ordinary shares, preference shares, convertibles and bonds. The portfolio is likely to have a bias towards larger companies. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is reinvested in additional shares or paid to shareholders on request. The annual management charge will be taken from your capital and not from the income generated by the fund. This means that any capital growth in the fund will be reduced by the charge. Your capital may reduce over time if the fund s growth does not compensate for it. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment. 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. Fidelity MoneyBuilder Dividend Fund, a sub-fund of Fidelity Investment Funds, Y Income Shares (ISIN: GB00B3LNGT95) This fund is managed by FIL Investment Services (UK) Limited Risk and Reward Profile Lower risk Higher risk Typically lower rewards Typically higher rewards The risk category was calculated using historical volatility data, based upon the methods set by European Union rules. Volatility is influenced by changes in the stock market prices, currencies and interest rates which can be affected unpredictably by diverse factors including political and economic events. The risk category may not be a reliable indication of the future risk profile of the fund. The risk category shown is not guaranteed and may shift over time. The lowest category does not mean 'risk free'.

8 Charges for this fund (ISIN: GB00B3LNGT95) 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 The entry and exit charges shown are maximum figures. In some Entry charge N/A cases you might pay less - you can find this out from your financial Exit charge N/A adviser / distributor. Switching charge N/A 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. Charges taken from the fund over a year Ongoing charges 0.67% Charges taken from the fund under certain specific conditions Performance fee N/A The ongoing charges figure is based on expenses for the year ending 28/02/2013. This figure may vary from year to year. It excludes: performance fees (where applicable); portfolio transaction costs, except in the case of an entry/exit charge paid by the fund when buying or selling units in another collective investment undertaking. For more information about charges, please consult the charges section in the most recent Prospectus. Past Performance 50% 40% 30% 20% 10% 0% If applicable, events in the fund's life which may have affected the performance history are highlighted as an '*' in the chart, which may include changes to the fund's objective and details of such events can be found on our website. If applicable, the Investment Objective section shall refer to a benchmark and information on previous benchmarks may be found in the Annual Report and Accounts. Past performance is not a guide to future performance results. If any, the past performance shown takes into account all ongoing charges with exception of any applicable entry/exit charges. The fund was launched on 10/11/1980. This class was launched on 20/02/2012. Past performance has been calculated in GBP. There is insufficient data to provide a useful indication of past performance to investors. Practical Information The depositary is J.P. Morgan Chase Bank. For more information, please consult the Prospectus and latest Reports and Accounts which can be obtained free of charge in English and other main languages from the Fund Manager, the distributors or online at any time. The Net Asset Values per Share are available at the registered office of the Fund Manager. They are also published online at where other information is available. The tax legislation in United Kingdom may have an impact on your personal tax position. For further details you should consult a tax advisor. This document describes a sub-fund and share class of Fidelity Investment Funds (the 'investment company'). The Prospectus and Reports and Accounts are prepared for the entire investment company. FIL Investment Services (UK) 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 investment company. The assets and liabilities of each sub-fund of Fidelity Investment Funds are not segregated by law and with that assets of this sub-fund may be used to pay liabilities of other sub-funds. More share classes are available for this investment company. Details can be found in the Prospectus. You have the right to switch from this share class into the same or possibly other share class types of this or another subfund. Details on switching rules can be found in the Prospectus. Country in which this fund is authorised: United Kingdom. The Supervisory Authority is: Financial Conduct Authority. Country in which FIL Investment Services (UK) Limited is authorised: United Kingdom. The Supervisory Authority is: Financial Conduct Authority. This key investor information is accurate as at 31/07/2013.

9 Key Investor Information This document provides you with key investor information about this Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Fund. You are advised to read it so you can make an informed decision about whether to invest. JPM US Fund C - Net Accumulation a Share Class of JPM US Fund a Fund of JPMorgan Fund ICVC ISIN GB00B235T429 The Authorised Corporate Director ("ACD") is JPMorgan Funds Limited Objective and Investment Policy Investment Objective: To provide capital growth over the long term by investing primarily through a portfolio invested in the shares of US companies. Investment Policy: US companies are companies that are incorporated under the laws of, and have their registered office in, the US, or that derive the predominant part of their economic activity from the US, even if listed elsewhere. Other instruments as permitted in the stated investment and borrowing powers of the Company including, but not limited to, fixed interest securities, cash and cash equivalents may be held on an ancillary basis, as appropriate. Redemption and Dealing: Shares of the Fund may be redeemed on demand, with dealing normally on a daily basis. Management Discretion: The Investment Adviser has the discretion to buy and sell investments on behalf of the Fund within the limits of the Objective and Investment Policy. Benchmark: The benchmark of the Fund is S&P 500 Index (Net of 15% withholding tax). The benchmark is a point of reference against which the performance of the Fund may be measured. The Fund will bear some resemblance to its benchmark. Distribution Policy: This Share Class will reinvest income. Recommendation: The Fund may not be appropriate for investors who plan to withdraw their money within five years. For an explanation of some of the terms used in this document, please visit the glossary on our website at Risk and Reward Profile Lower risk Potentially lower reward Higher risk Potentially higher reward Why is this Share Class in this category? This Share Class is classified in category 6 because its simulated Net Asset Value has shown high fluctuations historically The above rating is based on the historic volatility of the simulated Net Asset Value of this Share Class over the last five years and may not be a reliable indication of the future risk profile of this Share Class. The risk and reward category shown above is not guaranteed to remain unchanged and may change over time. A Share Class with the lowest risk rating does not mean a risk-free investment. Other material risks: u The value of your investment may fall as well as rise and you may get back less than you originally invested. u The value of equity and equity-linked securities may fluctuate in response to the performance of individual companies and general market conditions. u The single market in which the Fund primarily invests, in this case the US, may be subject to particular political and economic risks and, as a result, the Fund may be more volatile than more broadly diversified funds. u Movements in currency exchange rates can adversely affect the return of your investment. u Further information about risks can be found in "Part 11: Risk Warnings" of the Prospectus.

10 Charges One-off charges taken before or after you invest Entry charge None Exit charge None 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. Charges taken from this Share Class over a year Ongoing charge 0.93% Charges taken from this Share Class under certain specific conditions Performance fee None u The actual entry and exit charges paid may be less. Information on charges can be obtained from the investor's financial adviser. u The Prospectus permits a fee to be charged for switching between Funds but this fee is currently waived by the Authorised Corporate Director. u The ongoing charge is an estimate based on the expected total of charges. u Charges are used to pay the costs of running this Share Class. These charges reduce the potential growth of the investment. u Further information about charges can be found in "Part 5: Charges and Expenses" section of the Prospectus. Past Performance u u Past performance is not a guide to future performance. There is insufficient performance data available to provide a chart of annual past performance. u Fund launch date: u Share Class launch date: Practical Information Depositary: The fund depositary is National Westminster Bank Plc. Further Information: A copy of the Prospectus and latest annual and semi-annual financial report in English can be downloaded or ordered online from or are available free of charge upon request from our UK-based Investor Services Team on (or if calling from outside the UK) or by writing to J.P. Morgan Asset Management, Client Administration Centre, Finsbury Dials, 20 Finsbury Street, London EC2Y 9AQ. Share prices can be obtained online at or by telephoning (or if calling from outside the UK). Share prices of Class A and E Shares are published daily in the Financial Times. Please note if you call J.P. Morgan Asset Management, calls may be recorded and monitored for security and training purposes. Tax: The Fund is subject to UK tax regulations. This may have an impact on an investor's personal tax position. Legal Information: JPMorgan 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. JPMorgan Fund ICVC consists of separate Funds, each of which issues one or more Share Classes. This document is prepared for a specific Share Class. The Prospectus and annual and semiannual financial reports are prepared for JPMorgan Fund ICVC. The Fund is part of JPMorgan Fund ICVC. There is currently no segregated liability between the Funds of JPMorgan Fund ICVC. This means that the assets of a Fund may be available in certain circumstances to meet a claim of a creditor or another third party made against another Fund of JPMorgan Fund ICVC. Switching and Conversion: Investors may switch into Shares of another Fund of JPMorgan Fund ICVC or convert Shares in one Class in a Fund to Shares of another Class in the same Fund subject to meeting any relevant eligibility requirements and minimum holding amounts. Further information can be found in "section Switching and Conversion of Shares" of the Prospectus. This Fund is authorised in the United Kingdom and regulated by the Financial Services Authority (FSA). JPMorgan Funds Limited is authorised in the United Kingdom and regulated by the FSA. This Key Investor Information is accurate as at 01/01/2013.

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. M&G Gilt & Fixed Interest Income Fund a sub-fund of M&G Investment Funds (2) Sterling Class I - Income shares ISIN no. GB00B7454D07 Sterling Class I - Accumulation shares ISIN no. GB00B734BY83 Managed by M&G Securities Limited, which is part of the Prudential Group Objective and investment policy Objective Income with stability of capital consistent with an investment in gilts. Investment policy At least 70% of investment is in gilts [investments which provide a certain level of interest or income and are issued by the UK government]. The Fund may invest in derivatives [financial instruments whose value is linked to the expected future price movements of an underlying asset]. You can buy and sell shares in the Fund on any business day. Provided we receive your instruction before 12 noon, shares will be bought at that day s price. This Fund allows the fund manager to make discretionary choices when deciding which investments should be held in the Fund. If you hold income shares, any income from the Fund may be paid out to you. If you hold accumulation shares, any income from the Fund will be rolled up into the value of your investment. In addition to the charges set out in the charges section, the Fund will incur portfolio transaction costs which are paid from the assets of the Fund. Risk and reward profile Low risk Typically lower rewards High risk Typically higher rewards The above risk number is based on the rate at which the value of the Fund has moved up and down in the past. This risk number is based on simulated historical data and may not be a reliable indicator of the future risk profile of the Fund. The risk number shown is not guaranteed and may change over time. The lowest risk number does not mean risk free. The Fund has the above risk number because of the effect of the following risks: The value of stockmarket 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 you invested. There is a risk that one or more countries will exit the Euro and re-establish their own currencies. In light of this uncertainty or in the event that this does occur, there is an increased risk of asset prices fluctuating or losing value. It may also be difficult to buy and sell securities and issuers may be unable to repay the debt. In addition, there is a risk that disruption in Eurozone markets could give rise to difficulties in valuing the assets of the Fund. In the event that it is not possible to carry out an accurate valuation of the Fund, dealing may be temporarily suspended Derivatives The Fund may use derivatives for the purposes of meeting the Fund s objective, and protecting the capital value from risk. We anticipate that the use of derivatives will not materially alter the risk profile of the Fund or increase price fluctuations, in comparison to equivalent funds that cannot invest in derivatives. The Fund may take short positions through the use of derivatives which are not backed by equivalent physical assets. Short positions reflect an investment view that the price of the underlying asset is expected to fall in value. Accordingly, if this view is incorrect and the asset rises in value, the short position could involve greater risk due to the theoretical possibility of an unlimited rise in its value. Some derivative transactions may be entered into directly with an eligible person or institution (a counterparty ). There is a risk that the counterparty may not meet its obligations or becomes insolvent which could cause the Fund to incur a loss UK K1 GIFD GBP I EN UK Fixed income securities Changes in the interest rate will affect the value and the interest earned from the fixed income securities held by the Fund. When interest rates rise, the capital value of the Fund is likely to fall and vice versa. The value of the Fund will fall if the issuer of a fixed income security held is unable to pay income payments or repay its debt (known as a default). A default, expected default, or downgrading will make a fixed income security harder to sell as its value and income are likely to fall. Fixed income securities that pay a higher level of income usually have a lower credit rating because of the increased risk of default. The higher the rating the less likely it is that the issuer will default, but ratings are subject to change. The Fund invests mainly in one type of asset. It is therefore more vulnerable to the market sentiment of that specific type of asset. This type of fund can carry a higher

12 risk and can experience larger than average price fluctuations when compared to a fund with a broader investment universe. Charges The charges shown in the table 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 1.00% Exit charge 0.00% This is the maximum that might be taken out of your money before it is invested. Past performance The share class launched on 03 August As a result, there is insufficient information available to provide a useful indication of past performance. Past performance information will be shown when the Share class has been in existence for a complete calendar year. Charges taken from the Fund over a year Ongoing charge 0.66% The Fund launched on 09 December The Sterling Class I Accumulation and Sterling Class I Income share classes launched on 03 August 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 the 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 figure shown here is an estimate of the charges, as the share class has not yet been in existence for a full financial year. 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 and selling shares in another fund). For more information on charges, please refer to the relevant sections of the Prospectus which can be found by visiting UK K1 GIFD GBP I EN UK Practical information The depositary is National Westminster Bank plc. For further information about this Fund, please visit where you can obtain a copy of the Prospectus, Instrument of Incorporation, and latest annual or interim Investment Report and Financial Statements in English, free of charge. Our website also provides other information not contained in the above documents such as share prices. This Fund is subject to UK tax laws, which may have an impact on your personal tax position. Please speak to an adviser for further information. M&G Securities 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 is a Sub-fund of M&G Investment Funds (2), an umbrella Open Ended Investment Company (OEIC). The Prospectus, and annual or interim Investment Report and Financial Statements contain information about all of the Sub-funds in M&G Investment Funds (2). UK Law has been changed in order to segregate each Sub-fund s assets and liabilities, but segregation only comes into effect once the Prospectus is updated. In the meantime, while each Sub-fund of the umbrella OEIC is normally responsible for meeting its own debts, under exceptional circumstances investments of this Fund may be used to pay the debts of other sub-funds. If we need to do this before the Prospectus is updated, it may cause your investment to go down in value. The Prospectus will be updated during You may switch between other sub-funds of M&G Investment Funds (2). An entry charge may apply. Details on switching are provided in the Important Information for Investors document and the Fund s Prospectus, or by calling M&G Customer Relations on Other share classes may exist for the Fund as set out in the relevant Prospectus. This Fund is authorised in the UK and regulated by the Financial Conduct Authority. M&G Securities Limited is authorised in the UK and regulated by the Financial Conduct Authority. This key investor information is accurate as at 12 July 2013.

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. Royal London UK Government Bond Fund (Income - Class M Shares) A sub-fund of Royal London Bond Funds ICVC ISIN: GB00B7QFPL36 Managed by Royal London Unit Trust Managers Limited Objectives and investment policy Objective To achieve a combination of income and capital growth over the medium (5 years) to long (7 years) term. Policy The fund invests at least 80% of its assets in bonds issued or backed by the UK government. The fund may also invest in bonds issued by companies that are of the highest credit quality. The fund may use derivatives, but for efficient portfolio management purposes only. Recommendation The fund may not be appropriate for investors who plan to withdraw their money within 5 years. Concepts to understand Bonds Securities that represent an obligation to repay a debt, with interest. High quality bonds are those 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. Efficient Portfolio Management An investment technique that allows the use of derivatives for at least one of the following purposes: to increase the value of the fund; to protect the value of the fund or to reduce the risks of certain investments. 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 M, Accumulation M, Income Z. All share classes are subject to a minimum investment. If this is an income share class, any net income will be paid out to you. If this is an accumulation share class, any net income will be reinvested in the fund. Risk and reward profile Lower potential risk/reward Higher potential risk/reward 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 fund is ranked in risk category 4 because its share price has shown a medium level of volatility historically. As an investment, bonds are more volatile than money market instruments but are less volatile than shares. Bonds issued by governments are less volatile than bonds issued by corporations. The indicator has been calculated using historical and simulated data and may not be a reliable indication of the future risk profile of the fund. 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: Focus risk 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. For more about fund risks, see the risk factors section in the full Prospectus ( Prices/) 1of2

14 Charges The charges you pay as an investor in the fund go to cover fund operating costs. These charges reduce the performance of your investment. One-off charges taken before or after you invest: Entry charge 0.00% (Maximum) Exit charge 0.00% Charges taken from the fund over a year: Ongoing charge 0.40% 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 charge provided above is estimated. The charges you pay are used to pay the costs of running the fund. These charges reduce the potential growth of the investment. For the entry and exit charges, if you are not eligible for this share class you will pay more than the amounts shown. Consult your financial adviser. The ongoing charges figure is based on expenses for the year ending 30 October This figure may vary from year to year and do not include portfolio transaction costs. Ongoing charges are the same for all investors. For more about charges, see the expenses section in the full Prospectus and supplement ( Prices/) Past performance There is insufficient data to provide a useful indication of past performance to investors. The fund was launched on 08/02/1990 and the share class on 01/05/2012. Royal London UK Government Bond Fund (Income - Class M Shares) in GBP 10% 5% 0% -5% Practical information Depository 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 shares of this fund and on other funds, or to obtain a free copy of the fund s Prospectus or the annual and semi-annual shareholder reports, call the Information Line or write to the registered office, details of which are below. Alternatively, visit The Prospectus and shareholder reports are in English. Should you wish to switch share classes or funds, please see the Switching section of the Prospectus for details. 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, go to 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: Royal London Unit Trust Managers 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 fund is a sub-fund of Royal London Bond Funds ICVC (a UCITS umbrella company). The prospectus and long reports (shareholder reports) are prepared for the entire company. The liabilities of each sub-fund are not currently segregated by law. Although shareholders are not liable for the debts of the company, assets could be re-allocated from one sub-fund to another in the unlikely event that a sub-fund s assets are insufficient to meet its liabilities. This fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority (FCA). Royal London Asset Management 55 Gracechurch Street, London EC3V 0UF Telephone: Website: A member of the Investment Management Association Publication Date: This Key Investor Information is accurate as at 1 April % Fund Key Investor Information 2 of 2 Royal London UK Government Bond Fund (Income - Class M Shares)

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 High Yield Bond Fund a sub-fund of Kames Capital ICVC Sterling Class B - Accumulation shares (ISIN: GB ) This fund is managed by Kames Capital plc. Objectives and investment policy Objective: to provide a combination of capital growth and income. Policy: invests predominantly in high yield (higher risk) bonds, investment grade (lower risk) bonds and cash. Bonds will be issued by companies and governments worldwide. The Fund may also invest in derivatives (financial contracts whose value is linked to an underlying asset). Within the limits set out above, the Fund is not restricted by market sector. It is not constrained by any benchmark or index. The Fund may use investment techniques to manage risks and costs. These techniques include hedging (using derivatives and other financial contracts to reduce the risk associated with making investments in other currencies). Up to 20% of the Fund may not be 'hedged' i.e. the Fund is exposed to the risks of investing in another currency for this portion. Other information You can buy, sell or switch the Fund s shares on any business day (see 'Dealing Day' in the Prospectus Definitions for more information). Income the Fund receives will be reinvested and automatically reflected in the value of your shares. Risk and reward profile Lower risk / Higher risk / potentially lower rewards potentially higher rewards 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, and also changes in exchange 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. Counterparty: Investments such as derivatives are made using financial contracts with third parties. Those third parties may fail to meet their obligations to the Fund due to events beyond our control. The Fund s value could fall because of: (i) loss of monies owed by the counterparty; and/or (ii) the cost of replacement financial contracts. Other markets: The Fund may invest in countries which have less developed political, economic and legal systems and which provide fewer investor protections. Difficulties in buying, selling, safekeeping or valuing investments in such countries may reduce the value of the Fund. Derivatives: The value of derivatives depends on the performance of an underlying asset. Small changes in the price of that asset can cause larger changes in the value of the derivative. This increases potential gain but also potential loss. Full details of risks are disclosed in the section 'Risk Factors' in the Prospectus.

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 or before the proceeds of your investment are paid out. Charges taken from the Fund over a year: Ongoing charges: 0.80% 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 ending 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). More detailed information on charges can be found in the Fees and Expenses section of the Prospectus. Past performance * * 8.6* Past performance is not a guide to future performance. The Fund launched on 22nd March 2002 and the share class launched on the same date. Performance is calculated in Sterling. 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. * On 1st January 2006, the Fund s investment objective was changed materially. Performance shown in the unshaded bars was therefore achieved under circumstances that no longer apply. Source: Lipper Practical Information Kames Capital ICVC is a UCITS scheme structured as an umbrella company with various 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 switch your holdings into another share class of the Fund, or another sub-fund of the UCITS, at any time. More detailed information on switching can be found in the 'Buying, Redeeming and Switching of Shares' section of the Prospectus. The assets and liabilities of the sub-funds of Kames Capital ICVC are not segregated by law. This means that, if one sub-fund is unable to pay its liabilities, the assets of other sub-funds could be used to meet those liabilities. This may have the effect of reducing the value of your investment. The depositary is The 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. Kames Capital ICVC is authorised in the United Kingdom and regulated by the Financial Services Authority (FSA). This Key Investor Information is accurate as at 15 February 2013.

17 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. Old Mutual UK Mid Cap Fund R (GBP) Accumulation Shares (GB00B1XG9482) A sub-fund of Old Mutual Investment Funds Series I. The Authorised Corporate Director that manages the Fund is Old Mutual Fund Managers Limited. Objectives and investment policy Objective: Capital growth by investing primarily in shares (i.e. equities) and similar investments of medium-sized companies listed or located in the UK. Policy: The Fund will invest in UK company shares and similar investments. The Fund will typically invest at least 80% in mediumsized UK companies. Medium sized companies are defined as those that are no larger than the largest company in the FTSE Mid 250 Index at the time of investment. The Fund is managed having regard to the FTSE 250 Ex Investment Trusts Index; however the Fund does not track the index. Treatment of income: income from investments will be retained within the Fund. This will increase the value of your shares. Dealing: you can buy and sell shares on any working day in London. Recommendation: the 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 "Investment Objective and Policy" section of Appendix I to the prospectus. 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 Funds in category 6 have in the past shown relatively high volatility. With a fund of category 6, you have a relatively high risk of losing money but your chance for gains is also relatively high. The category shown is not a target or guarantee and may shift over time. Even the lowest category 1 does not mean a risk-free investment. The seven-category scale is nonlinear, for example, 2 is not twice as risky as 1. Investment risk - There is no guarantee that the Fund will achieve its objective. Geographic Concentration risk - a fall in the UK market may have a significant impact on the value of the Fund because it primarily invests in this market. Liquidity risk Some investments may become hard to value or sell at a desired time and price. In extreme circumstances this may affect the Fund s ability to meet redemption requests upon demand. Currency risk - the Fund is denominated in British Pounds but may hold assets denominated in, or with exposure to, other currencies. The value of your shares may rise and fall as a result of exchange rate movements between these currencies. Capital erosion risk - The Fund takes its charges from the income of the Fund in the first instance. The impact of Fund charges may be material on the value of any income you receive from your investment. There is potential for capital erosion if insufficient income is generated by the Fund to cover these charges. For a more detailed explanation of risks, please refer to the "Risks" section of the prospectus. Page 1 of 2.

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% 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. The ongoing charges figure is estimated because the share/unit class is relatively new and has insufficient track record for us to calculate it exactly. The ongoing charges figure may vary from year to year and will exclude the costs of buying or selling assets for the Fund (unless these assets are shares of another fund). The ongoing charges figure has been estimated. For more information about charges please refer to the "Fees and Expenses" section of the prospectus. Charges taken from the Fund over a year Ongoing charges 0.85% Charges taken from the Fund under specific conditions Performance fee NONE Past performance There is insufficient data to provide a useful indication of past performance to investors. The Fund was launched on 22/02/2002. The share/unit class was launched on 18/05/2012. Practical information This document describes only one share class within the Fund and other funds and share classes are available. Information on how to buy, sell and switch shares is available by contacting Old Mutual Fund Managers Limited (see below). Further detailed information about the Fund, including its prospectus and latest annual and half-yearly reports, is available free of charge from the Investor Services Team at Old Mutual Fund Managers Limited, FREEPOST RRYH-XTSY-HEZH, PO Box 10278, Chelmsford, CM99 2AR. Freephone: Website: The documents are available in English. Other practical information, including current share prices for shares in the Fund, may be obtained at the website The Fund's depositary is National Westminster Bank plc. The tax legislation of the United Kingdom may have an impact on your personal tax position. Old Mutual Fund 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 prospectus, annual and half-yearly reports cover all the sub-funds within Old Mutual Investment Funds Series I which is an umbrella type open-ended investment company with variable capital. If one fund has debts, the other funds may be required to contribute to those debts, although this is an unlikely situation. The Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority. Old Mutual Fund Managers Limited is authorised in the United Kingdom and regulated by the Financial Conduct Authority. This Key Investor Information is accurate as at 07/08/2013. A3I7 Page 2 of 2.

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. Old Mutual UK Smaller Companies Fund R (GBP) Accumulation Shares (GB00B1XG9599) A sub-fund of Old Mutual Investment Funds Series I. The Authorised Corporate Director that manages the Fund is Old Mutual Fund Managers Limited. Objectives and investment policy Objective: Capital growth by investing primarily in shares (i.e. equities) and similar investments of smaller companies listed or located in the UK. Policy: The Fund will invest in UK company shares and similar investments. The Fund will invest at least 80% in smaller companies, which are defined as those that are no larger than the largest company in the Numis Smaller Companies Index at the time of investment. The Fund is managed having regard to the Numis Smaller Companies Index, however the Fund does not track the index. Treatment of income: income from investments will be retained within the Fund. This will increase the value of your shares. Dealing: you can buy and sell shares on any working day in London. Recommendation: the 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 "Investment Objective and Policy" section of Appendix I to the prospectus. 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 Funds in category 6 have in the past shown relatively high volatility. With a fund of category 6, you have a relatively high risk of losing money but your chance for gains is also relatively high. The category shown is not a target or guarantee and may shift over time. Even the lowest category 1 does not mean a risk-free investment. The seven-category scale is nonlinear, for example, 2 is not twice as risky as 1. Investment risk - There is no guarantee that the Fund will achieve its objective. Geographic Concentration risk - a fall in the UK market may have a significant impact on the value of the Fund because it primarily invests in this market. Smaller companies risk - smaller or newer companies are subject to greater risk and reward potential. Investments may be volatile or difficult to buy or sell. Liquidity risk Some investments may become hard to value or sell at a desired time and price. In extreme circumstances this may affect the Fund s ability to meet redemption requests upon demand. Currency risk - the Fund is denominated in British Pounds but may hold assets denominated in, or with exposure to, other currencies. The value of your shares may rise and fall as a result of exchange rate movements between these currencies. Capital erosion risk - The Fund takes its charges from the income of the Fund in the first instance. The impact of Fund charges may be material on the value of any income you receive from your investment. There is potential for capital erosion if insufficient income is generated by the Fund to cover these charges. For a more detailed explanation of risks, please refer to the "Risks" section of the prospectus. Page 1 of 2.

20 Charges The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge 0.00% Exit charge 0.00% These are the maximum charges that we might take out of your money before it is invested and before we pay out the sale proceeds of your investment. In some cases, you might pay less and you should speak to your financial adviser about this. 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 has been estimated. For more information about charges please refer to the "Fees and Expenses" section of the prospectus. Charges taken from the Fund over a year Ongoing charges 1.00% 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. The Fund was launched on 09/02/2001. The share/unit class was launched on 01/07/2011. Performance is calculated in GBP. All charges and fees, except any entry charge, have been included within the performance. * NUMIS NSCI Ex Investment Companies Fund 28.3 Index * 29.9 Source: FE 2013 Practical information This document describes only one share class within the Fund and other funds and share classes are available. Information on how to buy, sell and switch shares is available by contacting Old Mutual Fund Managers Limited (see below). Further detailed information about the Fund, including its prospectus and latest annual and half-yearly reports, is available free of charge from the Investor Services Team at Old Mutual Fund Managers Limited, FREEPOST RRYH-XTSY-HEZH, PO Box 10278, Chelmsford, CM99 2AR. Freephone: Website: The documents are available in English. Other practical information, including current share prices for shares in the Fund, may be obtained at the website The Fund's depositary is National Westminster Bank plc. The tax legislation of the United Kingdom may have an impact on your personal tax position. Old Mutual Fund 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 prospectus, annual and half-yearly reports cover all the sub-funds within Old Mutual Investment Funds Series I which is an umbrella type open-ended investment company with variable capital. If one fund has debts, the other funds may be required to contribute to those debts, although this is an unlikely situation. The Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority. Old Mutual Fund Managers Limited is authorised in the United Kingdom and regulated by the Financial Conduct Authority. This Key Investor Information is accurate as at 07/08/2013. A3J1 Page 2 of 2.

21 Key Investor Information This document provides you with key investor information about this Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Fund. You are advised to read it so you can make an informed decision about whether to invest. M&G Corporate Bond Fund a sub-fund of M&G Investment Funds (3) Sterling Class I - Income shares ISIN no. GB00B1YBRM66 Sterling Class I - Accumulation shares ISIN no. GB00B1YBRL59 Managed by M&G Securities Limited, which is part of the Prudential Group Objective and investment policy Objective A higher income and growth return than would be obtainable from gilts [fixed income securities issued by the UK government]. Investment policy At least 70% of investment is in UK fixed income securities [investments which provide a certain level of income or interest] issued by companies. The fund manager has invested or intends to invest more than 35% of the portfolio in the UK government. Such an investment is in the pursuit of the fund objective. The Fund may invest in derivatives [financial instruments whose value is linked to the expected future price movements of an underlying asset]. You can buy and sell shares in the Fund on any business day. Provided we receive your instruction before 12 noon, shares will be bought at that day s price. This Fund allows the fund manager to make discretionary choices when deciding which investments should be held in the Fund. If you hold income shares, any income from the Fund may be paid out to you. If you hold accumulation shares, any income from the Fund will be rolled up into the value of your investment. Currency hedging may be used to reduce exposure to non-sterling currencies. In addition to the charges set out in the charges section, the Fund will incur portfolio transaction costs which are paid from the assets of the Fund. Risk and reward profile Low risk Typically lower rewards High risk Typically higher rewards The above risk number is based on the rate at which the value of the Fund has moved up and down in the past. valuing the assets of the Fund. In the event that it is not possible to carry out an accurate valuation of the Fund, dealing may be temporarily suspended. Derivatives The Fund may use derivatives for the purposes of meeting the Fund s objective, and protecting the capital value from risk. We anticipate that the use of derivatives will not materially alter the risk profile of the Fund or increase price fluctuations, in comparison to equivalent funds that cannot invest in derivatives. The Fund may take short positions through the use of derivatives which are not backed by equivalent physical assets. Short positions reflect an investment view that the price of the underlying asset is expected to fall in value. Accordingly, if this view is incorrect and the asset rises in value, the short position could involve greater risk due to the theoretical possibility of an unlimited rise in its value. Some derivative transactions may be entered into directly with an eligible person or institution (a counterparty ). There is a risk that the counterparty may not meet its obligations or becomes insolvent which could cause the Fund to incur a loss. Fixed income securities Changes in the interest rate will affect the value and the interest earned from the fixed income securities held by the Fund. When interest rates rise, the capital value of the Fund is likely to fall and vice versa. The value of the Fund will fall if the issuer of a fixed income security held is unable to pay income payments or repay its debt (known as a default). A default, expected default, or downgrading will make a fixed income security harder to sell as its value and income are likely to fall. Fixed income securities that pay a higher level of income usually have a lower credit rating because of the increased risk of default. The higher the rating the less likely it is that the issuer will default, but ratings are subject to change. Liquidity 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. The Fund invests mainly in one geographic region or country. It is therefore more vulnerable to the market sentiment of that specific geographic region or country. This type of fund can carry a higher risk and can experience larger than average price fluctuations when compared to a fund with a broader investment universe. This risk number is based on historical data and may not be a reliable indicator of the future risk profile of the Fund. The risk number shown is not guaranteed and may change over time. The lowest risk number does not mean risk free UK K1 STER GBP I EN UK The Fund has the above risk number because of the effect of the following risks: The value of stockmarket 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 you invested. Any investment in international companies means that currency exchange rate fluctuations will have an impact on the Fund. There is a risk that one or more countries will exit the Euro and re-establish their own currencies. In light of this uncertainty or in the event that this does occur, there is an increased risk of asset prices fluctuating or losing value. It may also be difficult to buy and sell securities and issuers may be unable to repay the debt. In addition, there is a risk that disruption in Eurozone markets could give rise to difficulties in

22 Charges The charges shown in the table 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 1.00% Exit charge 0.00% This is the maximum that might be taken out of your money before it is invested. Charges taken from the Fund over a year Ongoing charge 0.66% 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 the 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 ending 30 June. 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 and selling shares in another fund). For more information on charges, please refer to the relevant sections of the Prospectus which can be found by visiting Past performance % (5.0) Past performance is not a guide to future performance. 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. The Fund launched on 15 April The Sterling Class I Accumulation and Sterling Class I Income share classes launched on 02 July Sterling Class I shares do not have 10 complete years of past performance information available as they launched on 2 July Therefore, past performance information for Sterling Class A shares has been used for the period 1 January July September The Fund changed its objective. The past performance shown before this change was therefore achieved under circumstances that no longer apply. For more information about this change, visit (0.8) Fund UK K1 STER GBP I EN UK Practical information The depositary is National Westminster Bank plc. For further information about this Fund, please visit where you can obtain a copy of the Prospectus, Instrument of Incorporation, and latest annual or interim Investment Report and Financial Statements in English, free of charge. Our website also provides other information not contained in the above documents such as share prices. This Fund is subject to UK tax laws, which may have an impact on your personal tax position. Please speak to an adviser for further information. M&G Securities 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 is a Sub-fund of M&G Investment Funds (3), an umbrella Open Ended Investment Company (OEIC). The Prospectus, and annual or interim Investment Report and Financial Statements contain information about all of the Sub-funds in M&G Investment Funds (3). UK Law has been changed in order to segregate each Sub-fund s assets and liabilities, but segregation only comes into effect once the Prospectus is updated. In the meantime, while each Sub-fund of the umbrella OEIC is normally responsible for meeting its own debts, under exceptional circumstances investments of this Fund may be used to pay the debts of other sub-funds. If we need to do this before the Prospectus is updated, it may cause your investment to go down in value. The Prospectus will be updated during You may switch between other sub-funds of M&G Investment Funds (3). An entry charge may apply. Details on switching are provided in the Important Information for Investors document and the Fund s Prospectus, or by calling M&G Customer Relations on Other share classes may exist for the Fund as set out in the relevant Prospectus. This Fund is authorised in the UK and regulated by the Financial Conduct Authority. M&G Securities Limited is authorised in the UK and regulated by the Financial Conduct Authority. This key investor information is accurate as at 12 July 2013.

23 Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Baillie Gifford High Yield Bond Fund Class B - Income Shares - ISIN GB This Fund is a sub-fund of Baillie Gifford Bond Funds ICVC which is an Investment Company with Variable Capital. Baillie Gifford & Co Ltd is the Authorised Corporate Director of the Fund and is wholly owned by Baillie Gifford & Co. Objectives and investment policy Objective The Fund aims to achieve a high level of total return, through combined capital growth and income payment. Policy To invest mainly in sub-investment grade bonds. Derivatives, which are a type of financial contract, may be used to protect or increase the value of the shares. Other Information Bonds are a type of investment which can be issued by governments, companies and other organisations when they want to borrow money. The issuer of the bond owes the holder a debt. The issuer is obliged to pay interest and/or repay the debt at a later date. Sub-investment grade bonds typically mean the risk of non-payment is high. You can sell some or all of your shares on any business day in the United Kingdom by contacting our Dealing Department by phone or post. Where properly completed documentation is received by post, shares will be sold at the next valuation point following receipt of the instruction. Any income due to you will be paid into your bank or building society account, paid on the dates specified in the Prospectus. More than 35% in value of the property of this Fund may be invested in Government and public securities ( GAPS ). For further explanation and information see the investment objective and policy section of the Prospectus, which is available by contacting us. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within five years. 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 Please note that even the lowest risk class can lose you money and that extreme adverse market circumstances can mean you suffer severe losses in all cases. The Fund is classified in the category above because it invests in corporate bonds which generally provide higher rewards and higher risks than other investments such as government bonds and cash. The indicator does not take into account the following material risks of investing in this Fund: Investment markets can go down as well as up and market conditions can change rapidly. The value of an investment in the Fund, and any income from it, can fall as well as rise and you may not get back the amount invested. Custody of assets may involve a risk of loss if the custodian becomes insolvent or breaches duties of care. The issuers of bonds in which the Fund invests may not meet their obligations which could mean that the bonds lose some or all of their value. The Fund's concentrated portfolio and long-term approach to investment may result in large movements in the share price. The Fund's use of financial contracts may impact on its performance. In certain circumstances it can be difficult to buy or sell the Fund's holdings and even small purchases or sales can cause their prices to move significantly, affecting the value of the Fund and the price of shares in the Fund. Market values for securities which are difficult to trade may not be readily available, and there can be no assurance that any value assigned to them will reflect the price the Fund might receive upon their sale. Page 1 of 2.

24 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 0.50% 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 0.38% 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 the ongoing charge, the figure is at 31/03/2013. The Fund's annual report for each financial year will include detail on the exact charges made. You can find further details about the charges in Part 6 of the Prospectus. There is no switching charge applicable when switching from another Baillie Gifford fund. For all other types of transfer into the Fund the full initial charge may be applicable. 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. The Fund was launched on 30/11/2001. The share/unit class was launched on 28/02/2002. Performance is calculated in GBP. Performance reflects the annual charge but excludes any initial charge paid Fund Source: FE 2013 Practical information The Fund s Depositary is National Westminster Bank Plc. You can find further information on the Fund, the Prospectus and the latest annual and interim reports from Baillie Gifford. These are available in English free of charge on request. This Key Investor Information Document describes the Baillie Gifford High Yield Bond Fund only. The Prospectus and the annual and interim reports and accounts are prepared for the whole ICVC. The assets and liabilities of this Fund are not independent from those of the other funds of the Baillie Gifford Bond Funds ICVC. In the event of any Fund being unable to meet liabilities attributable to it, the remaining liabilities may have to be met from assets attributable to other funds within the ICVC. You can also find other information, including the Fund s latest prices, on our website. Tax laws in the United Kingdom may have an impact on your own tax position. You may at any time switch all or some of your shares in the Fund for shares in any fund of any of the ICVC(s). Baillie Gifford & Co Ltd 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. To contact us please call Client Relations on (fax ) or visit our website at or us at trustenquiries@bailliegifford.com. Your call may be recorded for training or monitoring purposes. This Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority. This Key Investor Information is accurate as at BE79 Page 2 of 2.

25 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. M&G Global Emerging Markets Fund a sub-fund of M&G Investment Funds (7) Sterling Class I - Income shares ISIN no. GB00B3FFXY53 Sterling Class I - Accumulation shares ISIN no. GB00B3FFXX47 Managed by M&G Securities Limited, which is part of the Prudential Group Objective and investment policy Objective Income and growth. Investment policy At least 70% of investment will be in shares of companies based in emerging market countries. The current reference point for defining emerging market countries are those included within the MSCI Emerging Markets Index and/or those included in the World Bank definition of developing economies as updated from time to time. The Fund may use derivatives for investment and hedging purposes. [Derivatives are financial instruments whose value is linked to the expected future price movements of an underlying asset.] You can buy and sell shares in the Fund on any business day. Provided we receive your instruction before 12 noon, shares will be bought at that day s price. This Fund allows the fund manager to make discretionary choices when deciding which investments should be held in the Fund. If you hold income shares, any income from the Fund may be paid out to you. If you hold accumulation shares, any income from the Fund will be rolled up into the value of your investment. In addition to the charges set out in the charges section, the Fund will incur portfolio transaction costs which are paid from the assets of the Fund. These tend to be higher when investing outside Europe. Risk and reward profile Low risk Typically lower rewards High risk Typically higher rewards The above risk number is based on the rate at which the value of the Fund has moved up and down in the past. This risk number is based on simulated historical data and may not be a reliable indicator of the future risk profile of the Fund. The risk number shown is not guaranteed and may change over time. The lowest risk number does not mean risk free. The Fund has the above risk number because of the effect of the following risks: The value of stockmarket 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 you invested. Any investment in international companies means that currency exchange rate fluctuations will have an impact on the Fund. There is a risk that one or more countries will exit the Euro and re-establish their own currencies. In light of this uncertainty or in the event that this does occur, there is an increased risk of asset prices fluctuating or losing value. It may also be difficult to buy and sell securities and issuers may be unable to repay the debt. In addition, there is a risk that disruption in Eurozone markets could give rise to difficulties in valuing the assets of the Fund. In the event that it is not possible to carry out an accurate valuation of the Fund, dealing may be temporarily suspended Emerging markets The fund will invest in emerging markets which tend to have larger price fluctuations than more developed countries. The Fund may encounter difficulties when buying and selling these investments or converting the proceeds of a sale or any income earned back into the base currency of the Fund. The Fund invests mainly in one geographic region or country. It is therefore more vulnerable to the market sentiment of that specific geographic region or country. This type of fund can carry a higher risk and can experience larger than average price fluctuations when compared to a fund with a broader investment universe UK K1 GEMS GBP I EN UK

26 Charges The charges shown in the table 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 1.00% Exit charge 0.00% This is the maximum that might be taken out of your money before it is invested. Charges taken from the Fund over a year Ongoing charge 0.99% 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 the 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 ending 31 January. 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 and selling shares in another fund). Past performance % (10.0) (20.0) (30.0) Past performance is not a guide to future performance. 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. The Fund launched on 05 February 2009 and the share class launched on 05 February Past performance is calculated using Sterling Class I shares (18.1) Fund For more information on charges, please refer to the relevant sections of the Prospectus which can be found by visiting UK K1 GEMS GBP I EN UK Practical information The depositary is National Westminster Bank plc. For further information about this Fund, please visit where you can obtain a copy of the Prospectus, Instrument of Incorporation, and latest annual or interim Investment Report and Financial Statements in English, free of charge. Our website also provides other information not contained in the above documents such as share prices. This Fund is subject to UK tax laws, which may have an impact on your personal tax position. Please speak to an adviser for further information. M&G Securities 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 is a Sub-fund of M&G Investment Funds (7), an umbrella Open Ended Investment Company (OEIC). The Prospectus, and annual or interim Investment Report and Financial Statements contain information about all of the Sub-funds in M&G Investment Funds (7). UK Law has been changed in order to segregate each Sub-fund s assets and liabilities, but segregation only comes into effect once the Prospectus is updated. In the meantime, while each Sub-fund of the umbrella OEIC is normally responsible for meeting its own debts, under exceptional circumstances investments of this Fund may be used to pay the debts of other sub-funds. If we need to do this before the Prospectus is updated, it may cause your investment to go down in value. The Prospectus will be updated during You may switch between other sub-funds of M&G Investment Funds (7). An entry charge may apply. Details on switching are provided in the Important Information for Investors document and the Fund s Prospectus, or by calling M&G Customer Relations on Other share classes may exist for the Fund as set out in the relevant Prospectus. This Fund is authorised in the UK and regulated by the Financial Services Authority (FSA). M&G Securities Limited is authorised in the UK and regulated by the FSA. This key investor information is accurate as at 15 February 2013.

27 KEY INVESTOR INFORMATION This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Kames Investment Grade Bond Fund a sub-fund of Kames Capital ICVC Sterling Class B - Accumulation shares (ISIN: GB00B141C763) This fund is managed by Kames Capital plc. Objectives and investment policy Objective: to provide a combination of capital growth and income. Policy: invests primarily in investment grade (lower risk) bonds issued by companies and governments worldwide. The Fund may also invest in: Up to 20% in high yield (higher risk) bonds issued by companies and governments; Cash, deposits and money market instruments (a form of debt security); and Derivatives (financial contracts whose value is linked to an underlying asset). Within the limits set out above, the Fund is not restricted by market sector. It is not constrained by any benchmark or index. The Fund may use investment techniques to manage risks and costs. These techniques include hedging (using derivatives and other financial contracts to reduce the risk associated with: (i) making investments in other currencies; or (ii) interest rates changing). Up to 20% of the Fund may not be 'hedged' i.e. the Fund is exposed to the risks of investing in another currency for this portion. Other information You can buy, sell or switch the Fund s shares on any business day (see 'Dealing Day' in the Prospectus Definitions for more information). Income the Fund receives will be reinvested and automatically reflected in the value of your shares. Risk and reward profile Lower risk / Higher risk / potentially lower rewards potentially higher rewards 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. 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. Counterparty: Investments such as derivatives are made using financial contracts with third parties. Those third parties may fail to meet their obligations to the Fund due to events beyond our control. The Fund s value could fall because of: (i) loss of monies owed by the counterparty; and/or (ii) the cost of replacement financial contracts. Other markets: The Fund may invest in countries which have less developed political, economic and legal systems and which provide fewer investor protections. Difficulties in buying, selling, safekeeping or valuing investments in such countries may reduce the value of the Fund. Derivatives: The value of derivatives depends on the performance of an underlying asset. Small changes in the price of that asset can cause larger changes in the value of the derivative. This increases potential gain but also potential loss. Full details of risks are disclosed in the section 'Risk Factors' in the Prospectus.

28 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 or before the proceeds of your investment are paid out. Charges taken from the Fund over a year: Ongoing charges: 0.81% 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 ending 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). More detailed information on charges can be found in the Fees and Expenses section of the Prospectus. Past performance Past performance is not a guide to future performance. The Fund launched on 1st June 2006 and the share class launched on the same date Performance is calculated in Sterling. 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 ICVC is a UCITS scheme structured as an umbrella company with various 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 switch your holdings into another share class of the Fund, or another sub-fund of the UCITS, at any time. More detailed information on switching can be found in the 'Buying, Redeeming and Switching of Shares' section of the Prospectus. The assets and liabilities of the sub-funds of Kames Capital ICVC are not segregated by law. This means that, if one sub-fund is unable to pay its liabilities, the assets of other sub-funds could be used to meet those liabilities. This may have the effect of reducing the value of your investment. The depositary is The 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. Kames Capital ICVC is authorised in the United Kingdom and regulated by the Financial Services Authority (FSA). This Key Investor Information is accurate as at 15 February 2013.

29 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 risks of investing in this Fund. You are advised to read it so you can make an informed decision about whether to invest. BlackRock Gold and General Fund Class D Accumulating GBP ISIN: GB00B5ZNJ896 Manager: BlackRock Fund Managers Limited Objectives and Investment Policy The Fund aims to achieve long-term capital growth on your investment. The Fund invests primarily in global equity securities (e.g. shares) of companies which derive a significant proportion of their income from gold mining or commodities such as precious metals. The Fund has the flexibility to invest outside of the sector set out above. The investment adviser has discretion to select the Fund's investments and in doing so may take into consideration the FTSE Gold Mines Index (cap only). Risk and Reward Profile Lower risk Typically lower rewards Higher risk Typically higher rewards The risk indicator was calculated incorporating simulated historical data and may not be a reliable indication of the future risk profile of the Fund. The risk category shown is not guaranteed and may change over time. The lowest category does not mean risk free. The Fund is rated seven due to the nature of its investments which include the risks listed below. These factors may impact the value of the Fund s investments or expose the Fund to losses. - Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political or regulatory events. Recommendation: This Fund may not be appropriate for short-term investment. Your units will be accumulating (i.e. dividend income will be included in their value). Your units will be denominated in Sterling, the Fund's base currency. You can buy and sell your units daily. The minimum initial investment for this unit class is 100, The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events. - Investments in the natural resources securities are subject to environmental concerns, taxes, government regulation, price and supply fluctuations. Particular risks not adequately captured by the risk indicator include: - Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss. - Liquidity Risk: Lower liquidity means there are insufficient buyers or sellers to allow the Fund to sell or buy investments readily. For more information on risks, please see the Fund's prospectus, which is available at

30 Charges The charges 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. The entry and exit charges shown are maximum figures. In some cases you might pay less. Please refer to your financial advisor or the distributor for the actual entry and exit charges. * Subject to a charge of up to 2% paid into the Fund where the Manager suspects excessive trading by an investor. The ongoing charges figure is based on expenses for the twelve month period ending 25 February This figure may vary from year to year. It excludes portfolio trade-related costs, except costs paid to the custodian and any entry/exit charge paid to an underlying collective investment scheme (if any). ** To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 60% of the associated revenue generated and the remaining 40% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges. For more information on charges, please see the Fund's prospectus, which is available at One-off charges taken before or after you invest Entry Charge Exit Charge This is the maximum that might be taken out of your money before it is invested or before proceeds of your investments are paid out. Charges taken from the Fund over each year None None* Ongoing Charges 1.18%** Charges taken from the Fund under certain conditions Performance Fee None Past Performance Past performance is not a guide to future performance. The chart shows the Fund's annual performance in GBP for each full calendar year over the period displayed in the chart. It is expressed as a percentage change of the Fund's net asset value at each year-end. The Fund was launched in The share class was launched in Performance is shown after deduction of ongoing charges. Any entry/exit charges are excluded from the calculation. Benchmark: FTSE Gold Mines (cap only) (GBP) Historic performance to 31 December Fund Benchmark Practical Information The trustee of the Fund is BNY Mellon Trust & Depositary (UK) Limited. The trustee has delegated the function of custodian of the Fund to Bank of New York Mellon SA/NV. Further information about the Fund can be obtained from the Fund's prospectus and the latest annual report and half-yearly reports of the Fund. These documents are available free of charge in English. These can be found, along with other information, such as unit prices, on the BlackRock website at or by calling Investor Services on Investors should note that the tax legislation that applies to the Fund may have an impact on the personal tax position of your investment in the Fund. BlackRock Fund 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 Fund's prospectus. Further information about other unit classes can be found in the Fund's prospectus. This Fund and its manager, BlackRock Fund Managers Limited, are authorised in the UK and regulated by the Financial Conduct Authority. This Key Investor Information is accurate as at 3 April 2013

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. LEGAL & GENERAL ALL STOCKS INDEX LINKED GILT INDEX TRUST M CLASS ACCUMULATION ISIN: GB , DISTRIBUTION ISIN: GB This fund is managed by Legal & General (Unit Trust Managers) Limited. OBJECTIVES AND INVESTMENT POLICY The objective of this fund is to provide a combination of income and growth by tracking the performance of the FTSE Actuaries British Government Index-Linked All Stocks Index. The fund will invest between 70% and 100% in bonds (a type of loan which pays interest). The fund's investments will closely match those that make up the Index. This Index consists of index-linked bonds which are issued by the UK Government (known as gilts). The return from these bonds is linked to changes in the rate of inflation. The gilts that the fund invests in will be investment grade bonds (rated as lower risk). Investment grade bonds are bonds that have achieved a higher credit rating from a rating agency. Credit ratings give an indication of how likely it is that the issuer of a bond will be able to pay back interest and the loan on time. The fund may use derivatives (contracts which have a value linked to the price of another asset) for the following purposes: To help with efficient day to day management. To reduce some of the risks of the market. If you hold accumulation units, income from investments held by the fund (interest) will be reinvested into the value of your units. If you hold distribution units, income from investments held by the fund will be paid out to you (as interest). You can buy or sell units in this fund on any working 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 working day's price. This fund may not be appropriate for investors who plan to withdraw their money within five years. 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 is based on the rate at which the value of the fund has moved up and down in the past. This fund is in category 4 because it invests in investment grade bonds which generally provide lower rewards and lower risks than other investments such as sub-investment grade bonds or company shares. 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 value of your investment and any income you take from it may fall as well as rise and are not guaranteed. You may not get back the money you invested. The indicator opposite does not take account of the following risks of investing in the fund: Because the fund invests in bonds, investment returns are particularly sensitive to trends in interest rate movements and inflation. Fund values are likely to fall when interest rates rise. If you take an income from your investment this will reduce the potential for future growth. We will take part of the ongoing charges from the fund's capital rather than the fund's income. This increases the amount of income you will be paid, but it reduces the growth potential and may lead to a fall in the value of the fund. If you use your right to cancel your investment, you may not get a full refund if the value of your investment falls before we receive your instruction. This fund invests almost exclusively in bonds issued by the UK Government. If the UK Government experiences financial difficulty, it may be unable to pay back some or all of the interest, original investment or other payments that it owes. If this happens, the value of your fund may fall.

32 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. The entry and exit charges shown are maximum figures. In some cases (including when switching to other funds managed by us) you might pay less - you can find out the actual figures from us or your financial adviser. The ongoing charges figure is based on the latest available expenses at April This figure may vary from year to year. Ongoing charges exclude the costs associated with buying and selling the underlying investments of the fund. This fund s charges include the charges made by any other funds it may invest in. For more information about charges, including any performance fee and how it is calculated, please see the charges and expenses and, where relevant, the performance fee section in the fund s Prospectus. 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 A YEAR Ongoing charges 0.18% CHARGES TAKEN FROM THE FUND UNDER CERTAIN SPECIFIC CONDITIONS Performance fee None PAST PERFORMANCE Past performance is not a guide to future performance. (return %) (year) The figures take into account all charges except any entry charge, and assume income (before tax) is reinvested. The performance has been calculated in Sterling (British pounds). The annual return is for a 12 month period ending 31 December. The fund came into existence in This unit class was renamed M on 19 December The index figures assume gross income is reinvested. Fund Index PRACTICAL INFORMATION TRUSTEE FURTHER INFORMATION UNIT PRICES AND OTHER PRACTICAL INFORMATION TAX The trustee is National Westminster Bank Plc. You can find further information about the fund in its Prospectus, latest annual and half-yearly reports and in the Additional Fund Information document. A Guide to Investing with Us gives further information about investing generally. These documents are available from: Legal & General Investments, PO Box 6080, Wolverhampton WV1 9RB. We will provide documents free of charge and in English. You can get other practical information, including the latest buying and selling prices of units and details of any other unit classes that are available, by calling us on Monday to Friday between 8.30am and 6.00pm. You can also find these prices at legalandgeneral.com/utprices and details of how we price units in A Guide to Investing with Us. UK tax legislation may have an impact on your 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. This fund is authorised in the UK and regulated by the Financial Conduct Authority. This key investor information is accurate as at 13 November 2013.

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. American Fund (the "Fund") Class Z Net Accumulation Shares (GBP) GB00B7T2FK07, a sub-fund of Threadneedle Investment Funds ICVC (the "Company"). This sub-fund is managed by Threadneedle Investment Services Limited (the "Management Company"). Objectives and investment policy The aim of the Fund is to grow the amount you invested. The Fund invests at least two-thirds of its assets in shares of medium to large companies in North America or companies that have significant operations there. The Fund makes active investment decisions. Income from investments in the Fund will be added to the value of your shares. You can buy and sell shares in the Fund on any day that is a working day in London. You can find more detail on the objectives and investment policy of the Fund in the Investment Objectives, Policies and Other Details of the Funds section of the Prospectus. As part of the investment process, the Fund will make reference to the S&P 500 Index. 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 in this specific category because historically it has shown a high level of volatility (how much the value of the Fund went up and down compared to other categories). The lowest category does not mean a risk-free investment. Where investments in the Fund are in currencies other than your own, changes in exchange rates may affect the value of your investments. 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.

34 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 3.00% 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. The ongoing charges figure is estimated because the share/unit class is relatively new and has insufficient track record for us to calculate it exactly. The ongoing charges figure may vary from year to year and will exclude the costs of buying or selling assets for the Fund (unless these assets are shares of another fund). The ongoing charges figure shown here is an estimate of the charges. The UCITS annual report for each financial year will include detail on the exact charges made. Charges taken from the Fund over a year Ongoing charges 0.87% Charges taken from the Fund under specific conditions Performance fee NONE Past performance There is insufficient data to provide a useful indication of past performance to investors. The Fund was launched on 05/02/1968. The share/unit class was launched on 01/10/2012. Practical information The Depositary of the Company is JP Morgan Trustee and Depositary Company Limited. 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, French, German, Portuguese, Italian, Spanish and Dutch (no Dutch Prospectus). You can obtain other practical information, including current share prices, at threadneedle.com. 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 UCITS. This document describes a fund of the Company. The Prospectus, annual and half-yearly reports are prepared for the entire Company. The Company is comprised of multiple funds, each of which is allocated a distinct pool of assets and liabilities. Although these funds are segregated, it is possible for the assets of the Fund to be used to pay the debts of other funds in the Company. You can exchange your shares for shares of other funds of the Company, as and when available. Information as to how to exercise this right is in the Switching section of the Prospectus. Details of other share classes of the Fund can be found in the prospectus or at Threadneedle.com. This Fund is authorised in the United Kingdom, and regulated by the Financial Services Authority. Threadneedle Investment Services Limited is authorised in the United Kingdom, and regulated by the Financial Services Authority. *G7CD V2. GB This Key Investor Information is accurate as at 10/01/2013. G7CD Page 2 of 2.

35 Objectives and Investment Policy Aims to provide long-term capital growth. Invests in shares of companies throughout the Pacific Basin, but excluding Japan. The portfolio is likely to have a bias towards larger companies. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment. 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. Fidelity South-East Asia Fund, a sub-fund of Fidelity Investment Funds, W Accumulation Shares (ISIN: GB00B6Y7NF43) This fund is managed by FIL Investment Services (UK) Limited Risk and Reward Profile Lower risk Higher risk Typically lower rewards Typically higher rewards The risk category was calculated using historical volatility data, based upon the methods set by European Union rules. Volatility is influenced by changes in the stock market prices, currencies and interest rates which can be affected unpredictably by diverse factors including political and economic events. The risk category may not be a reliable indication of the future risk profile of the fund. The risk category shown is not guaranteed and may shift over time. The lowest category does not mean 'risk free'.

36 Charges for this fund (ISIN: GB00B6Y7NF43) 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 The entry and exit charges shown are maximum figures. In some Entry charge N/A cases you might pay less - you can find this out from your financial Exit charge N/A adviser / distributor. Switching charge N/A 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. Charges taken from the fund over a year Ongoing charges 0.95% Charges taken from the fund under certain specific conditions Performance fee N/A The ongoing charges figure is based on expenses for the year ending 28/02/2013. This figure may vary from year to year. It excludes: performance fees (where applicable); portfolio transaction costs, except in the case of an entry/exit charge paid by the fund when buying or selling units in another collective investment undertaking. For more information about charges, please consult the charges section in the most recent Prospectus. Past Performance 50% 40% 30% 20% 10% 0% If applicable, events in the fund's life which may have affected the performance history are highlighted as an '*' in the chart, which may include changes to the fund's objective and details of such events can be found on our website. If applicable, the Investment Objective section shall refer to a benchmark and information on previous benchmarks may be found in the Annual Report and Accounts. Past performance is not a guide to future performance results. If any, the past performance shown takes into account all ongoing charges with exception of any applicable entry/exit charges. The fund was launched on 13/10/1984. This class was launched on 15/10/2012. Past performance has been calculated in GBP. There is insufficient data to provide a useful indication of past performance to investors. Practical Information The depositary is J.P. Morgan Chase Bank. For more information, please consult the Prospectus and latest Reports and Accounts which can be obtained free of charge in English and other main languages from the Fund Manager, the distributors or online at any time. The Net Asset Values per Share are available at the registered office of the Fund Manager. They are also published online at where other information is available. The tax legislation in United Kingdom may have an impact on your personal tax position. For further details you should consult a tax advisor. This document describes a sub-fund and share class of Fidelity Investment Funds (the 'investment company'). The Prospectus and Reports and Accounts are prepared for the entire investment company. FIL Investment Services (UK) 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 investment company. The assets and liabilities of each sub-fund of Fidelity Investment Funds are not segregated by law and with that assets of this sub-fund may be used to pay liabilities of other sub-funds. More share classes are available for this investment company. Details can be found in the Prospectus. You have the right to switch from this share class into the same or possibly other share class types of this or another subfund. Details on switching rules can be found in the Prospectus. Country in which this fund is authorised: United Kingdom. The Supervisory Authority is: Financial Conduct Authority. Country in which FIL Investment Services (UK) Limited is authorised: United Kingdom. The Supervisory Authority is: Financial Conduct Authority. This key investor information is accurate as at 31/07/2013.

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. Aberdeen Asia Pacific and Japan I Acc (ISIN GB00B0XWNK36) A sub-fund of Aberdeen Investment Funds ICVC. Aberdeen Fund Managers Limited is the Authorised Corporate Director that manages the Fund. Objectives and investment policy To grow your capital by investing mostly in companies in the countries of the Asia Pacific region including Japan. The Fund may invest in some countries that are still developing their economies. Recommendation: This Fund may not be appropriate for investors who plan to withdraw their money within 5 years. 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. If you invest in income shares, income from investments in the Fund will be paid out to you. If you invest in accumulation shares, income will be rolled up into the value of your shares. Typically lower rewards, lower risk Typically higher rewards, higher risk You can buy and sell shares in the Fund, before 5pm, on any day which is a working day in London. Further information on the Fund s investment objective and policy are detailed in the Prospectus This Fund is ranked at 6 because funds of this type have experienced high rises and falls in value in the past. Please note that even the lowest risk class can lose you money and that extreme market circumstances can mean you suffer severe losses in all cases. The indicator does not take into account the following risks of investing in this Fund: Exchange Rates: Investing globally can bring additional returns and diversify risk. However, currency exchange rate fluctuations may have a positive or negative impact on the value of your investment. Emerging Markets: Emerging markets or less developed countries may face more political, economic or structural challenges than developed countries. This may mean your money is at greater risk. A full list of risks applicable to this Fund can be found in the Prospectus. Page 1 of 2.

38 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 4.25% 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. Switching charge (for switching into the Fund from another fund) 0.00%. The ongoing charges figure is estimated because the share/unit class is relatively new and has insufficient track record for us to calculate it exactly. The ongoing charges figure may vary from year to year and will exclude the costs of buying or selling assets for the Fund (unless these assets are shares of another fund). For the ongoing charges, this figure is correct at 31/12/12. Charges taken from the Fund over a year Ongoing charges 1.08% Charges taken from the Fund under specific conditions Performance fee NIL Past performance There is insufficient data to provide a useful indication of past performance to investors. The Fund was launched on 01/03/1979. The share/unit class was launched on 01/10/2012. Practical information This document describes only one share class and other share classes are available. Information on how to buy, sell and switch shares is available by contacting us (see below). Detailed information about the Fund, including its Prospectus, latest Annual and Half-Yearly reports and current share prices is available at Alternatively, please contact Aberdeen Fund Managers Limited, Freepost RTEU-YTET-HCAA, PO Box 9029, Chelmsford, CM99 2WJ. Telephone: customer.services@aberdeen-asset.com. The documents are available in English only. Aberdeen Investment Funds ICVC offers a range of funds with diversified investment objectives. The Prospectus, Annual and Half-Yearly reports cover all the funds within Aberdeen Investment Funds ICVC. In the unlikely event of one fund having debts, the assets of the other funds may not be used to settle these. The Fund s Authorised Corporate Director is Aberdeen Fund Managers Limited. The tax legislation of the United Kingdom may have an impact on your personal tax position. Aberdeen Fund 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 and Aberdeen Fund Managers Limited are authorised and regulated by the Financial Conduct Authority in the United Kingdom. This Key Investor Information is accurate as at 09/08/2013. GNOL Page 2 of 2.

39 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. JPM New Europe Fund C - Net Accumulation a Share Class of JPM New Europe Fund a Fund of JPMorgan Fund ICVC ISIN GB00B8DLLD51 The Authorised Corporate Director ("ACD") is JPMorgan Funds Limited Objective and Investment Policy Investment Objective: To provide long-term capital growth by investing primarily in companies operating or investing in central and eastern Europe and Russia. Investment Policy: The Fund will invest in companies that are incorporated under the laws of, and have their registered office in an emerging European country or Russia, or that derive the predominant part of their economic activity from emerging European countries and/or Russia, even if listed elsewhere. The Fund will have exposure to smaller companies. Other instruments as permitted in the stated investment and borrowing powers of the Company including, but not limited to, fixed interest securities, cash and cash equivalents may be held on an ancillary basis, as appropriate. Redemption and Dealing: Shares of the Fund may be redeemed on demand, with dealing normally on a daily basis. Management Discretion: The Investment Adviser has the discretion to buy and sell investments on behalf of the Fund within the limits of the Objective and Investment Policy. Benchmark: The benchmark of the Fund is MSCI Emerging Markets Europe Index (Net). The benchmark is a point of reference against which the performance of the Fund may be measured. The Fund may bear little resemblance to its benchmark. Distribution Policy: This Share Class will reinvest income. Recommendation: The Fund may not be appropriate for investors who plan to withdraw their money within five years. For an explanation of some of the terms used in this document, please visit the glossary on our website at Risk and Reward Profile Lower risk Potentially lower reward Higher risk Potentially higher reward The above rating is based on the historic volatility of the simulated Net Asset Value of this Share Class over the last five years and may not be a reliable indication of the future risk profile of this Share Class. The risk and reward category shown above is not guaranteed to remain unchanged and may change over time. A Share Class with the lowest risk rating does not mean a risk-free investment. Why is this Share Class in this category? This Share Class is classified in category 7 because its simulated Net Asset Value has shown very high fluctuations historically. Other material risks: u The value of your investment may fall as well as rise and you may get back less than you originally invested. u The value of equity and equity-linked securities may fluctuate in response to the performance of individual companies and general market conditions. u This Fund is aggressively managed, which may result in higher volatility of the Fund's performance and bigger differences between the performance of the Fund and its benchmark. u Emerging markets may be subject to increased political, regulatory and economic instability, less developed custody and settlement practices, poor transparency and greater financial risks. Emerging market currencies may be subject to volatile price movements. Emerging market securities may also be subject to higher volatility and be more difficult to sell than non-emerging market securities. u The Fund invests in securities of smaller companies which may be more difficult to sell, more volatile and tend to carry greater financial risk than securities of larger companies. u The Fund may be concentrated in a limited number of securities, industry sectors or countries and as a result, may be more volatile than more broadly diversified funds. u Movements in currency exchange rates can adversely affect the return of your investment. u Further information about risks can be found in "Part 11: Risk Warnings" of the Prospectus.

40 Charges One-off charges taken before or after you invest Entry charge None Exit charge None 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. Charges taken from this Share Class over a year Ongoing charge 0.93% Charges taken from this Share Class under certain specific conditions Performance fee None u The actual entry and exit charges paid may be less. Information on charges can be obtained from the investor's financial adviser. u The Prospectus permits a fee to be charged for switching between Funds but this fee is currently waived by the Authorised Corporate Director. u The ongoing charge is an estimate based on the expected total of charges. u Charges are used to pay the costs of running this Share Class. These charges reduce the potential growth of the investment. u Further information about charges can be found in "Part 5: Charges and Expenses" section of the Prospectus. Past Performance u u Past performance is not a guide to future performance. There is insufficient performance data available to provide a chart of annual past performance. u Fund launch date: u Share Class launch date: Practical Information Depositary: The fund depositary is National Westminster Bank Plc. Further Information: A copy of the Prospectus and latest annual and semi-annual financial report in English can be downloaded or ordered online from or are available free of charge upon request from our UK-based Investor Services Team on (or if calling from outside the UK) or by writing to J.P. Morgan Asset Management, Client Administration Centre, Finsbury Dials, 20 Finsbury Street, London EC2Y 9AQ. Share prices can be obtained online at or by telephoning (or if calling from outside the UK). Share prices of Class A and E Shares are published daily in the Financial Times. Please note if you call J.P. Morgan Asset Management, calls may be recorded and monitored for security and training purposes. Tax: The Fund is subject to UK tax regulations. This may have an impact on an investor's personal tax position. Legal Information: JPMorgan 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. JPMorgan Fund ICVC consists of separate Funds, each of which issues one or more Share Classes. This document is prepared for a specific Share Class. The Prospectus and annual and semiannual financial reports are prepared for JPMorgan Fund ICVC. The Fund is part of JPMorgan Fund ICVC. There is currently no segregated liability between the Funds of JPMorgan Fund ICVC. This means that the assets of a Fund may be available in certain circumstances to meet a claim of a creditor or another third party made against another Fund of JPMorgan Fund ICVC. Switching and Conversion: Investors may switch into Shares of another Fund of JPMorgan Fund ICVC or convert Shares in one Class in a Fund to Shares of another Class in the same Fund subject to meeting any relevant eligibility requirements and minimum holding amounts. Further information can be found in "section Switching and Conversion of Shares" of the Prospectus. This Fund is authorised in the United Kingdom and regulated by the Financial Services Authority (FSA). JPMorgan Funds Limited is authorised in the United Kingdom and regulated by the FSA. This Key Investor Information is accurate as at 01/01/2013.

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. Neptune European Opportunities Fund C Acc GBP Neptune European Opportunities Fund (the Fund ) C Sterling Accumulation shares ISIN: GB00B8LF7310. A sub-fund of Neptune Investment Funds. Neptune Investment Management Limited is the 'Authorised Corporate Director' of the Fund. Objectives and investment policy To provide capital growth by investing mainly in a focused portfolio of approximately European companies, selected at the manager's discretion, excluding the UK. Any income the Fund generates will be reinvested to grow the value of your investment. You can buy and sell shares on any working day in London. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within five years. For full investment objectives and policy details please refer to the prospectus. 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 This Fund is ranked at 7 because funds of this type have experienced very high rises and falls in value in the past. Please note that even the lowest risk ranking can lose you money and that extreme market circumstances can mean you suffer severe losses in all cases. The indicator does not take into account the following risks of investing in this Fund: Investing overseas can bring additional returns and spread risk to different markets. There are risks, however, that changes in currency rates will reduce the value of your investment. This Fund holds a limited number of investments. If one of these investments falls in value this can have a greater impact on the Fund s value than if it held a larger number of investments. Page 1 of 2.

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 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. The ongoing charges figure is estimated because the share/unit class is relatively new and has insufficient track record for us to calculate it exactly. The ongoing charges figure may vary from year to year and will exclude the costs of buying or selling assets for the Fund (unless these assets are shares of another fund). The ongoing charge is estimated as at 31 December Charges taken from the Fund over a year Ongoing charges 0.97% Charges taken from the Fund under specific conditions Performance fee NONE Past performance There is insufficient data to provide a useful indication of past performance to investors. The Fund was launched on 29/11/2002. The share/unit class was launched on 03/10/2012. Practical information The Fund s Depositary is State Street Trustees Limited. The Fund is a Sub-Fund of Neptune Investment Funds I (the "Umbrella"). You can switch your shares in the Fund for shares in another Sub- Fund of the Umbrella. The Fund has a specific portfolio to which the Fund s assets and liabilities are attributable. However, the assets and liabilities of the Fund are not segregated by law and the Fund's assets could therefore be available to meet the liabilities of another Sub-Fund of the Umbrella. Further detailed information regarding the Fund and other funds in the umbrella, the prospectus, the latest annual reports and any subsequent half-yearly reports (including information on how to switch, buy and sell shares of the Fund and other share classes available), are available free of charge from the Investment Manager. You can obtain these documents through our website, or by calling (+44 (0) ). These documents are available in English, Dutch, French and German. Other practical information, including current prices of shares in the Fund, may be obtained from our website. If you do not have access to the internet, please call us on (+44 (0) ) for the latest prices. The tax legislation of the United Kingdom may have an impact on your personal tax position. Neptune Investment 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 UCITS. This Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority. Neptune Investment Management Limited is authorised in the United Kingdom and regulated by the Financial Conduct Authority. This Key Investor Information is accurate as at 13/06/2013. GQLB Page 2 of 2.

43 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. Invesco Perpetual Monthly Income Plus Fund Z Accumulation share class (ISIN: GB00B8N45P45) A sub-fund of the Invesco Perpetual Fixed Interest Investment Series ICVC This Fund is managed by Invesco Fund Managers Limited, part of the Invesco Group Objectives and Investment Policy The objective of the Fund is to achieve a high level of income whilst seeking to maximise total return The Fund invests primarily in high yielding corporate and government bonds and shares of companies The Fund may use derivatives (complex instruments) to manage the Fund more efficiently, with the aim of reducing risk, minimising costs or generating additional capital or income The Fund is actively managed within its objectives and is not constrained by a benchmark You can buy, sell and switch shares in the Fund on any UK business day Any income is reinvested into the Fund Recommendation: The Fund may not be appropriate if you plan to withdraw your money within 5 years Risk and Reward Profile Lower risk Typically lower rewards Higher risk Typically higher rewards The risk category above is not a measure of capital loss or gains, but of how significant the rises and falls in the Share Class price have been historically. For example a share class whose price has experienced significant rises and falls will be in a higher risk category, whereas, a share class whose price has experienced less significant rises and falls will be in a lower risk category. As the Share Class risk category has been calculated using historical data, it may not be a reliable indication of the Share Class future risk profile. Please note that the Share Class risk category may change in the future and is not guaranteed. The lowest risk category does not mean a risk free investment. The Share Class is in risk category 5 as its price has experienced significant rises and falls historically. Other risks The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and you may not get back the full amount invested. Over time, inflation may erode the value of investments. The securities that the Fund invests in may not always make interest and other payments nor is the solvency of the issuers guaranteed. Market conditions, such as a decrease in market liquidity, may mean that it is not easy to buy or sell securities. These risks increase where the Fund invests in high yield bonds and where we use derivatives. As one of the key objectives of the Fund is to provide income, the annual management charge is taken from capital rather than income. This can erode capital and reduce the potential for capital growth. The Fund may use derivatives (complex instruments) 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. The use of such complex instruments may result in greater fluctuations of the value of the Fund. The Manager, however, will ensure that the use of derivatives within the Fund does not materially alter the overall risk profile of the Fund. The Fund s performance may be adversely affected by variations in the relative strength of world currencies or if Sterling strengthens against those currencies. A more detailed description of risk factors that apply to this Fund is set out in Section 30 of the Prospectus.

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 5.00% Exit charge None Any charges shown are the maximum that might be taken out of your money before it is invested. Charges taken from the Fund over a year Ongoing charges 0.81% Charges taken from the Fund under certain specific conditions Performance fee None The entry charge shown is a maximum figure. In some cases you might pay less you can find this out from your financial adviser or distributor. The ongoing charges figure is based on estimated annualised expenses as at 31 December This figure may vary from year to year and excludes portfolio transaction costs. If you switch funds within the Invesco Perpetual range you will be charged a maximum 1% entry charge on your new fund. For more information about charges, please see Appendix 1, sections E and F of the Fund s Prospectus, which is available at Past Performance The Fund was launched on 6 February The Share Class was launched on 12 November As this Share Class has been in existence for less than one calendar year, there is insufficient data to provide a useful indication of past performance. The base currency of the Fund is Sterling. Practical Information Depositary: Citibank International plc The UK tax regime may have an impact on your personal tax position You can check the latest price for the Share Class on our website You are entitled to switch from this Fund to another fund on request, subject to a switching charge Invesco Fund 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 specific portfolio of assets and liabilities. However, where debts arise from other sub-funds within the same Investment Series creditors may look to this Fund s assets for payment The following share classes are available for the Fund: Accumulation, Income, Accumulation (Gross), Income (Gross), Accumulation (No Trail), Income (No Trail), Accumulation (No Trail Gross), Income (No Trail Gross), Z Accumulation, Z Income, Z Accumulation (Gross) and Z Income (Gross). For further details, or to receive a free copy in English of the Prospectus and the latest Annual or Interim Short Report, please visit our website at or call us on This Fund is authorised in the United Kingdom and regulated by the Financial Services Authority Invesco Fund Managers Limited is authorised in the United Kingdom and regulated by the Financial Services Authority This Key Investor Information is accurate as at 19 February i/PDF/190213

45 Henderson Strategic Bond Fund I Inc ISIN: GB 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. A sub-fund of Henderson UK & Europe Funds, an OEIC managed by Henderson Investment Funds Limited. Objectives and investment policy Objective A combination of income and growth of your investment over the long term. Investment policy Under normal circumstances, the Fund invests mainly in: Preference shares of companies in any country or industry Bonds of any quality from corporate or government issuers The Fund may also invest in: Any other type of security that is consistent with its objective Bonds of other types Money market instruments Bank deposits In choosing investments, the investment manager looks for fixed income instruments that offer attractive interest rates and potential for protection of capital. The Fund may use investment techniques, including some that involve derivatives, to obtain or amplify its exposure to various investments, and may also use these techniques for efficient portfolio management or to manage risks. Designed for Investors who want current income or to add balance to a long-term growth portfolio, and intend to invest their money for at least three years. Fund currency GBP Share class currency GBP Terms to understand Bonds Securities that represent an obligation to repay a debt along with interest. Derivatives Financial instruments whose value is linked to the price of an underlying asset (eg indices, rates, share prices). Money market instruments Liquid investments that pay interest and are designed to maintain a stable value. Preference shares Securities that represent fractional ownership of a company and typically pay a fixed dividend but lack voting rights. Volatility How sharply the Fund s share price has gone up and down over a period, generally several years. 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 Typically Lower potential risk/reward Lower Risk Typically Higher potential risk/reward Higher Risk The value of an investment in the Fund 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 lowest category does not mean risk free. The Fund s risk level reflects the following: As a category, bonds are less volatile than shares Fluctuations in exchange rates may cause the value of your investment to rise or fall The rating does not reflect the possible effects of unusual market conditions or large unpredictable events which could amplify everyday risk and trigger other risks such as: Counterparty risk The Fund could lose money if an entity with which it interacts becomes unwilling or unable to meet its obligations to the Fund. Default risk The issuers of certain bonds could become unable to make payments on their bonds. Derivatives risk Certain derivatives could behave unexpectedly or could expose the Fund to losses that are significantly greater than the cost of the derivative. Focus risk The Fund s value may fall where it has concentrated exposure to an issuer or type of security that is heavily affected by an adverse event. Geographic risk The Fund s value may fall where it has concentrated exposure to a particular country or region that is heavily affected by an adverse event. Liquidity risk Certain securities could become hard to value or sell at a desired time and price. Management risk Investment management techniques that have worked well in normal market conditions could prove ineffective or detrimental at other times. The full list of the Fund s risks are contained in the Risk Factors section of the Fund s prospectus. 1of2

46 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. The charges shown are maximum figures. In some cases you may pay less. 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. 40% 30% 32.6 One-off charges taken before or after you invest Entry Charge 0.00% Exit Charge 0.00%* * 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 (%) 20% % % -10% -20% -30% -40% Charges taken from the Fund over a year Ongoing Charges 0.72% The ongoing charge figure is estimated because the share class has insufficient track record for us to calculate it exactly. 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 was launched in October 1986 and the share class was launched in October 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. For a free copy of the Fund s Prospectus please contact the registered office of the Fund at 201 Bishopsgate, London EC2M 3AE, UK. 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, redeem or switch shares of this Fund by contacting your advisor or distributor, or us directly at Henderson Global 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 Services Authority ( FSA ). Henderson Investment Funds Limited is authorised in the UK and regulated by the FSA. This Key Investor Information is accurate as at 8 February of2

47 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. M&G Recovery Fund a sub-fund of M&G Investment Funds (3) Sterling Class I - Income shares ISIN no. GB00B4VSCB59 Sterling Class I - Accumulation shares ISIN no. GB00B4X1L373 Managed by M&G Securities Limited, which is part of the Prudential Group Objective and investment policy Objective Growth. Investment policy At least 80% of investment is in shares of UK companies which are out of favour, in difficulty or whose future prospects are not fully recognised by the market. The Fund may use derivatives [financial instruments whose value is linked to the expected future price movements of the underlying assets] to protect the value of the Fund s assets and/or, in the short term, to efficiently invest cash inflows. You can buy and sell shares in the Fund on any business day. Provided we receive your instruction before 12 noon, shares will be bought at that day s price. This Fund allows the fund manager to make discretionary choices when deciding which investments should be held in the Fund. If you hold income shares, any income from the Fund may be paid out to you. If you hold accumulation shares, any income from the Fund will be rolled up into the value of your investment. In addition to the charges set out in the charges section, the Fund will incur portfolio transaction costs which are paid from the assets of the Fund. Risk and reward profile Low risk Typically lower rewards High risk Typically higher rewards The above risk number is based on the rate at which the value of the Fund has moved up and down in the past. This risk number is based on simulated historical data and may not be a reliable indicator of the future risk profile of the Fund. The risk number shown is not guaranteed and may change over time. The lowest risk number does not mean risk free. The Fund has the above risk number because of the effect of the following risks: The value of stockmarket 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 you invested. Any investment in international companies means that currency exchange rate fluctuations will have an impact on the Fund. Liquidity 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. The Fund invests mainly in one geographic region or country. It is therefore more vulnerable to the market sentiment of that specific geographic region or country. This type of fund can carry a higher risk and can experience larger than average price fluctuations when compared to a fund with a broader investment universe UK K1 REC GBP I EN UK

48 Charges The charges shown in the table 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 1.00% Exit charge 0.00% This is the maximum that might be taken out of your money before it is invested. Charges taken from the Fund over a year Ongoing charge 0.91% 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 the 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 shown here is an estimate of the charges, as we have reduced our annual management charge. The Fund s 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 and selling shares in another fund). Past performance % (10.0) (20.0) (30.0) (40.0) (28.5) Past performance is not a guide to future performance. 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. The Fund launched on 23 May 1969 and the share class launched on 15 January Sterling Class I shares do not have 10 complete years of past performance information available as they launched on 15 January Therefore, past performance information for Sterling Class A shares has been used for the period 1 January January (5.7) Fund 9.4 For more information on charges, please refer to the relevant sections of the Prospectus which can be found by visiting UK K1 REC GBP I EN UK CH Practical information The depositary is National Westminster Bank plc. For further information about this Fund, please visit where you can obtain a copy of the Prospectus, Instrument of Incorporation, and latest annual or interim Investment Report and Financial Statements in English, free of charge. Our website also provides other information not contained in the above documents such as share prices. This Fund is subject to UK tax laws, which may have an impact on your personal tax position. Please speak to an adviser for further information. M&G Securities 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 is a Sub-fund of M&G Investment Funds (3), an umbrella Open Ended Investment Company (OEIC). The Prospectus, and annual or interim Investment Report and Financial Statements contain information about all of the Sub-funds in M&G Investment Funds (3). UK Law has been changed in order to segregate each Sub-fund s assets and liabilities, but segregation only comes into effect once the Prospectus is updated. In the meantime, while each Sub-fund of the umbrella OEIC is normally responsible for meeting its own debts, under exceptional circumstances investments of this Fund may be used to pay the debts of other sub-funds. If we need to do this before the Prospectus is updated, it may cause your investment to go down in value. The Prospectus will be updated during You may switch between other sub-funds of M&G Investment Funds (3). An entry charge may apply. Details on switching are provided in the Important Information for Investors document and the Fund s Prospectus, or by calling M&G Customer Relations on Other share classes may exist for the Fund as set out in the relevant Prospectus. This Fund is authorised in the UK and regulated by the Financial Services Authority (FSA). M&G Securities Limited is authorised in the UK and regulated by the FSA. This key investor information is accurate as at 19 March 2013.

49 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. M&G Feeder of Property Portfolio Sterling Class I - Income shares ISIN no. GB00B842HT59 Sterling Class I - Accumulation shares ISIN no. GB00B7SX7S61 Managed by M&G Securities Limited, which is part of the Prudential Group Objective and investment policy Objective Income and growth. Investment policy To invest close to 100% in the M&G Property Portfolio, a Property Authorised Investment Fund. The objective of the M&G Property Portfolio is income and growth, and its investment policy is to invest at least 70% in UK commercial property. The investment returns of the Fund and the M&G Property Portfolio may differ because the Fund may hold cash for operational reasons. You can buy and sell shares in the Fund on any business day. Provided we receive your instruction before 12 noon, shares will be bought at that day s price. The fund manager of M&G Property Portfolio is allowed to make discretionary choices when deciding which investments should be held by it. If you hold income shares, any income from the Fund may be paid out to you. If you hold accumulation shares, any income from the Fund will be rolled up into the value of your investment. In addition to the charges set out in the charges section, the Fund will incur portfolio transaction costs which are paid from the assets of the Fund. Risk and reward profile The value of stockmarket 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 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 called 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 deal. The following are additional risks that apply to the M&G Property Portfolio: Liquidity 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. Property investments can be harder to buy and sell when compared to investments in fixed income securities and shares. There is no guarantee that investments in property will increase in value or that rental growth will take place. There is a risk that a property held in the Fund s portfolio could default on its rental payments. 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. This may result in a less than favourable price being obtained in the market. The Fund invests mainly in one type of asset. It is therefore more vulnerable to the market sentiment of that specific type of asset. This type of fund can carry a higher risk and can experience larger than average price fluctuations when compared to a fund with a broader investment universe. There is the possibility that a portion of the portfolio will be held in cash if the supply of new investment opportunities is limited which, if the situation persists, may restrict the performance of the Fund. Property valuations are provided by an independent valuer and are therefore subjective. The Fund can invest in international property which means that it will be impacted by currency exchange rate fluctuations UK K1 FOPP GBP I EN UK An investment in the Fund may be linked to those risks normally associated with an investment in company shares or fixed income securities (investments which provide a certain level of income or interest). This means that the price of the Fund will fall as well as rise and you may not get back the original amount you invested. Any income earned by the Fund will also vary. All of the above factors could have an adverse effect on the value of your investment.

50 Charges The charges shown in the table 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 2.00% Exit charge 0.00% This is the maximum that might be taken out of your money before it is invested. Charges taken from the Fund over a year Ongoing charge 0.92% 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 the 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 figure shown here is an estimate of the charges, as the share class has not yet been in existence for a full financial year. 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 and selling shares in another fund). Past performance % (5.0) (10.0) (15.0) (20.0) (25.0) 11.6 (12.9) (20.2) Past performance is not a guide to future performance. 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. M&G Feeder of Property Portfolio Sterling Class I shares do not have 10 complete years of past performance information available as they launched on 18 January Therefore, past performance information for M&G Property Portfolio Sterling Class S units (a unit trust which commenced termination on 18 January 2013) has been used for the period shown prior to this date. Fund For more information on charges, please refer to the relevant sections of the Prospectus which can be found by visiting Practical information The trustee is National Westminster Bank plc. For further information about this Fund, please visit where you can obtain a copy of the Prospectus and latest Annual or Interim Investment Report and Financial Statements in English, free of charge. Our website also provides other information not contained in the above documents such as share prices. This Fund is subject to UK tax laws, which may have an impact on your personal tax position. Please speak to an adviser for further information. Other share classes may exist for the Fund as set out in the relevant Prospectus UK K1 FOPP GBP I EN UK This Fund is authorised in the UK and regulated by the Financial Conduct Authority. M&G Securities Limited is authorised in the UK and regulated by the Financial Conduct Authority. This key investor information is accurate as at 11 October 2013.

51 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. PFS Somerset Emerging Markets Dividend Growth Fund ("the Fund") A Accumulation GBP Shares This is a sub fund of PFS Somerset Capital Management Investment Funds ICVC. The Fund is an Open Ended Investment Company. Phoenix Fund Services (UK) Ltd is the Authorised Corporate Director of the Fund. ISIN: GB00B4Q Objectives and investment policy The Fund aims to grow your investment and provide income. The Fund will invest in shares of dividend-paying companies established or operating in emerging market countries, which are typically countries that are still developing their economies. The Fund will invest principally in Asia, Eastern Europe, the Middle East, Africa and Latin America. Any income this share class generates will be reinvested to grow the value of your investment. You can buy and sell shares 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. 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 at 6 because funds of this type have experienced high rises and falls in value in the past. Please note that even the lowest risk class can lose you money and that extreme market circumstances can mean you suffer severe losses in all cases. The indicator does not take into account the following risks of investing in this Fund: Investing overseas can bring additional returns and spread risk to different markets. There are risks, however, that changes in currency exchange rates may cause the value of your investment to decrease and increase. Emerging markets or less developed countries may face more political, economic or structural challenges than developed countries. This means your money is at greater risk. For further risk information please see the prospectus. Page 1 of 2.

52 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 5.00% Exit charge 1.00% 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 1.30% Charges taken from the Fund under specific conditions Performance fee NONE Switching charge (for switching into the Fund from another fund) 1.00%. 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 the ongoing charge, the figure is as at 31 March Charges are deducted from capital. This may allow more income to be paid but it may also restrict capital growth. No entry charge is currently levied by the ACD, however, an entry charge of up to 5% based on the value of your investment may be applied on the value of the shares purchased, at the discretion of the ACD. No exit charge is currently levied by the ACD, however, an exit charge of 1% based on the value of the shares sold may be applied when selling shares, at the discretion of the ACD. You may also be charged a dilution levy on entry to or exit from the Fund, this is to cover costs associated with your transaction. For more information about charges, please see the prospectus. Past performance % You should be aware that past performance is not a guide to future performance. The Fund was launched on 29/03/2010. The share/unit class was launched on 29/03/2010. Performance is calculated in GBP Fund Source: FE 2013 Practical information This document is issued by Phoenix Fund Services (UK) Ltd and contains information on the A Accumulation GBP Shares only. Each fund of the Company has its own pool of assets and liabilities, segregated by law. If one fund were unable to pay for its liabilities the assets of the other funds could not be used to pay for those liabilities. You can get further detailed information regarding the Fund, including details of the investment manager and how to switch, buy and sell shares and other share classes available, within the prospectus, the supplementary information document and the annual and half yearly managers' reports. You can get these free of charge from Phoenix Fund Services (UK) Ltd, Springfield Lodge, Colchester Road, Chelmsford, Essex CM2 5PW or from our website: These are available in English only. You can also call us on , or look on the website for the latest share prices. The Depositary of the Fund is National Westminster Bank Plc. Please note that the tax laws of the United Kingdom may impact your own tax position. Phoenix Fund Services (UK) Ltd 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 and Phoenix Fund Services (UK) Ltd are authorised in the United Kingdom and regulated by the Financial Conduct Authority. This Key Investor Information is accurate as at 10/06/2013. INE9 Page 2 of 2.

53 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 Index Linked Fund (Income - Class M Shares) A sub-fund of Royal London Bond Funds ICVC ISIN: GB00B3MZ2071 Managed by Royal London Unit Trust Managers Limited Objectives and investment policy Objective To achieve a combination of income and capital growth over the medium (5 years) to long (7 years) term. Policy The fund invests at least 80% of its assets in bonds issued by the UK government where the payment of interest is linked to the rate of UK inflation. The fund may also invest in other index-linked bonds (providing the impact of currency exchange rates is removed), as well as other sterling-denominated securities of the highest credit quality. The fund may use derivatives, but for efficient portfolio management purposes only. Recommendation Investors seeking some protection against inflation. The fund may not be appropriate for investors who plan to withdraw their money within 5 years. Concepts to understand Bonds Securities that represent an obligation to repay a debt, with interest. High quality bonds are those 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. Efficient Portfolio Management An investment technique that allows the use of derivatives for at least one of the following purposes: to increase the value of the fund; to protect the value of the fund or to reduce the risks of certain investments. 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 M, Accumulation M. All share classes are subject to a minimum investment. If this is an income share class, any net income will be paid out to you. If this is an accumulation share class, any net income will be reinvested in the fund. Risk and reward profile Lower potential risk/reward Higher potential risk/reward 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 fund is ranked in risk category 4 because its share price has shown a medium level of volatility historically. As an investment, bonds are more volatile than money market instruments but are less volatile than shares. Bonds issued by governments are 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. 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: Focus risk 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. For more about fund risks, see the risk factors section in the full Prospectus ( Prices/) 1of2

54 Charges The charges you pay as an investor in the fund go to cover fund operating costs. These charges reduce the performance of your investment. One-off charges taken before or after you invest: Entry charge 0.00% (Maximum) Exit charge 0.00% Charges taken from the fund over a year: Ongoing charge 0.27% 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. For the entry and exit charges, if you are not eligible for this share class you will pay more than the amounts shown. Consult your financial adviser. The ongoing charges figure is based on expenses for the year ending 30 October This figure may vary from year to year and do not include portfolio transaction costs. Ongoing charges are the same for all investors. The charges you pay are used to pay the costs of running the fund. These charges reduce the potential growth of the investment. For more about charges, see the expenses section in the full Prospectus and supplement ( Prices/) Past performance The graph shows fund performance over the past 5 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. The fund was launched on 15/02/1990 and the share class on 30/04/2010. The fund was initially launched as a unit trust but was converted to an open-ended investment company (OEIC) with effect from 30/04/2010. Royal London Index Linked Fund (Income - Class M Shares) in GBP 25% 20% 20.9 Practical information Depository 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 shares of this fund and on other funds, or to obtain a free copy of the fund s Prospectus or the annual and semi-annual shareholder reports, call the Information Line or write to the registered office, details of which are below. Alternatively, visit The Prospectus and shareholder reports are in English. Should you wish to switch share classes or funds, please see the Switching section of the Prospectus for details. 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, go to 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: Royal London Unit Trust Managers 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 fund is a sub-fund of Royal London Bond Funds ICVC (a UCITS umbrella company). The prospectus and long reports (shareholder reports) are prepared for the entire company. The liabilities of each sub-fund are not currently segregated by law. Although shareholders are not liable for the debts of the company, assets could be re-allocated from one sub-fund to another in the unlikely event that a sub-fund s assets are insufficient to meet its liabilities. This fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority (FCA). Royal London Asset Management 55 Gracechurch Street, London EC3V 0UF Telephone: Website: A member of the Investment Management Association Publication Date: This Key Investor Information is accurate as at 1 April % 10% 5% 0% Fund Key Investor Information 2 of 2 Royal London Index Linked Fund (Income - Class M Shares)

55 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. Cazenove European Fund X Class Accumulation ISIN: GB A sub-fund of Cazenove Investment Fund Company (CIFCO) SEDOL: This fund is managed by Cazenove Investment Fund Management Limited (CIFM) Objectives and Investment Policy The fund aims to achieve long term growth in its share price by investing in a wide range of large and medium sized companies across all European countries (excluding the UK) and in all economic sectors. It will invest flexibly between these countries. The fund buys shares in companies it considers are undervalued or have good prospects for growth. You can buy and sell shares in the fund on demand on any day on which the London Stock Exchange is open for business. The fund's benchmark is the FTSE World Europe ex UK Index. The fund selects its own investments. The fund may not be appropriate if you plan to withdraw your money within 5 years. The shares are accumulation shares. This means that any income received into the fund from its investments is retained within the fund on its distribution date rather than being paid out. This retained income is reflected in the share price. There is one distribution date(s) each year. Risk and Reward Profile Lower risk Potentially lower reward Higher risk Potentially higher reward The risk indicator for this fund is 6 because: The fund invests primarily in European shares. As such it may face increased risk because of currency movements. For example many of the shares bought for the fund will be valued in euros so the value of your investment will fall if the value of sterling rises against the euro. Investment in shares and/or bonds is subject to normal market fluctuations. There is no assurance that your investment will increase in value. Your original investment is not guaranteed. The value of the fund may fluctuate significantly in response to the performance of individual companies, as well as in connection with market and economic conditions. The fund's risk profile is based on historical data and this may not be a reliable indicator of its future risk profile. The lowest risk category does not mean an investment is risk free. The risk category shown is not a target or a guarantee and may change over time. Other relevant risks: Operational risk: The risk that there is a significant loss to the fund from human error, systems failure, inadequate controls or internal management mistakes. Settlement risk: The risk of loss if there is late or non payment for the assets sold by the fund. Liquidity risk: The risk that it is hard for the fund to buy or sell shares for its portfolio because of a reduction of buying and selling activity in stock markets. Valuation risk: The risk that an asset held by the fund is mispriced. Further details on risk are set out in the Prospectus in the section Risk Factors. Cazenove European Fund X Class Accumulation Page 1