Key Investor Information

Transcription

1 Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Aberdeen Asia Pacific A Acc (ISIN GB00B0XWNF82) Aberdeen Asia Pacific A Inc (ISIN GB00B1F7XT29) A sub-fund of Aberdeen Investment Funds ICVC. Aberdeen Unit Trust 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, excluding 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. Page 1 of 2.

2 Charges The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge 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 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 charges, this figure is correct at 31/12/12 Charges taken from the Fund over a year Ongoing charges 1.84% Charges taken from the Fund under specific conditions Performance fee NIL Past performance % You should be aware that past performance is not a guide to future performance. The Fund was launched on 01/02/1987. The share/unit class was launched on 01/02/1987. Performance is calculated in GBP. Performance, which is based on Accumulation share class, is net of charges (excluding entry charge) and net of tax Fund Source: FE 2013 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 Unit Trust Managers Limited, Freepost RLTZ-CKGZ-ESTA, 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 Unit Trust Managers Limited. The tax legislation of the United Kingdom may have an impact on your personal tax position. Aberdeen 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 United Kingdom and regulated by the Financial Services Authority. Aberdeen Unit Trust Managers Limited is authorised in the United Kingdom and regulated by the Financial Services Authority. This Key Investor Information is accurate as at 23/01/2013. KZ88 Page 2 of 2.

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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 risks of this fund. You are advised to read it so you can make an informed decision about whether to invest. Artemis Strategic Assets Fund, Class R Accumulation units [ISIN: GB00B3VDDQ59] The fund is managed by Artemis Fund Managers Limited. Objectives and investment policy Objective: The fund aims to increase the value of units over the long term. Policy: The fund will invest in a portfolio of UK and international assets. The fund can invest in company shares, fixed-interest securities, currencies, collective investment schemes (such as unit trusts and investment trusts) and may seek indirect exposure to commodities by using exchange traded funds (ETFs). The fund has discretion in its choice of investments, and is not restricted by the size of the company, the industry it trades in, or the geographical spread of the portfolio. The fund can also invest in derivatives (financial contracts whose value is linked to the expected future price movement) and fixed interest securities which are investments (which could be issued by a company, a government or another entity) that pay a fixed level of income or interest. The ETFs held by the fund are investments that track an index, a commodity or a basket of assets like an index fund, but trade like a company share on an Risk and reward profile Typically lower rewards Lower risk Typically higher rewards Higher risk This indicator is based on 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. A risk indicator of 1 does not mean that the investment is risk free. The indicator is not a measure of the possibility of losing your investment. The risk indicator for the fund is as above because: The price of units, and the income from them, can fall and rise because of stockmarket and currency movements. Stockmarket prices, currencies and interest rates can move irrationally and can be affected unpredictably by diverse factors, including political and economic events. A portion of the fund s assets may be invested in a currency other than the fund s accounting currency (sterling). The value of these assets, and the income from them, may decrease if the currency falls in relation to sterling, in which the fund is valued and priced. The fund may hold derivatives with the aim of profiting from falling prices. If the related assets rise in value the fund will lose money. A portion of the fund s assets may be invested in new, emerging markets. Investment in emerging markets can involve greater risk than that usually associated exchange. ETFs experience price changes throughout the day as they are bought and sold. The fund can hold large cash deposits with the aim of protecting the value of units. The fund may use investment techniques to protect the value of the fund. This involves using derivatives and forward contracts in order to reduce the risks otherwise associated with making investments in currencies other than the fund s accounting currency (sterling). Other information: Investment in the fund should be regarded as a medium to long-term investment. You can buy and sell units Monday to Friday, except on UK Public holidays, each week. Transactions are processed at 12 noon and we will include your instructions to buy or sell units if it is received before that point. Any income this fund receives is reinvested into the fund and automatically reflected in the value of units. For further explanation of some of the terms used above, please visit our website artemis.co.uk to view a glossary of terms. with more established markets. This means that aboveaverage rises and falls in unit prices can be expected. Investing in small and medium-sized companies can involve more risk than investing in larger, more established companies. Shares in smaller companies are often not as easy to sell as shares in larger companies are. This can cause difficulty in buying, valuing and selling those shares. Also, reliable information for deciding their value or the risks may not be available. Investments in fixed interest securities are subject to market and credit risk and will be impacted by movements in interest rates. Interest rate movements are determined by a number of economic factors, in particular market expectations of future inflation. The fund can invest in higher-yielding bonds, which may increase the risk to your capital due to a higher likelihood of the company issuing the bonds failing to pay returns on investments. Changes to market conditions and interest rates can have a larger effect on the values of higher-yielding bonds than other bonds. If the fund holds a large percentage of cash when markets are rising, the return on your investment could be less than if it were fully invested in other types of asset. Prices of ETFs may be higher or lower than the value of the underlying investments. These prices are also influenced by: supply and demand of the commodity involved; inflation, currency exchange and interest rates; and political, economic or financial events.

6 Charges for the fund The charges you pay are used to pay the costs of running the fund, including the costs of marketing and distributing it. The charges reduce the potential growth of your investment. The entry charge is included in the purchase price of each unit. At present, there is no exit charge. One-off charges taken before or after you invest Entry charge 5.25% 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 charges 1.61% Charges taken from the fund under certain specific conditions Performance fee None The entry and exit charges shown are maximum figures. In some cases (including when switching to other funds run by Artemis Fund Managers Limited) you might pay less you can find out actual entry and exit charges from your financial adviser. The ongoing charges figure is based on the expenses for the year ending 31 December Ongoing charges may vary from year to year and reduce the potential growth of your investment. The figure for ongoing charges excludes costs associated with buying and selling securities in the funds underlying portfolios (for example, broker s commission and stamp duty, currently 0.5%), except in the case of an entry/exit charge paid by the fund when buying or selling units in another collective investment undertaking. Past performance Percentage change 20% 15% 10% 5% 0% 16.7% 10.2% This fund was launched on 26 May How the fund has performed in the past is not a guide to how it will perform in the future. Past performance in the chart shown includes all charges except entry charges. Performance is calculated in sterling. -5% -10% -7.6% Practical information The Trustee of the fund is National Westminster Bank plc. Further information about the fund can be obtained from the fund s prospectus and the latest annual and half-yearly reports. The documents are in English and available free of charge. These can be found, along with other information such as the price of the fund s units, at artemis.co.uk or by phoning UK tax legislation may have an impact on your personal tax position. Artemis 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. You can switch your investments between funds or types of unit in the Artemis range. For further information, please refer to the prospectus, artemis.co.uk or phone The fund is authorised in the UK and regulated by the Financial Services Authority. Artemis Fund Managers Limited is authorised in the UK and regulated by the Financial Services Authority. This key investor information is accurate as at 31 December ASARA

7 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 this fund. You are advised to read it so you can make an informed decision about whether to invest. Artemis Global Income Fund Class R Distribution Units [ISIN: GB00B5VLFH80], R Accumulation units [ISIN: GB00B5V2MP86] The fund is managed by Artemis Fund Managers Limited. Objectives and investment policy Objective: The fund aims to increase the value of units and the income paid from them over the long term. Policy: The fund will principally invest (a minimum of 80%) in company shares anywhere in the world. The fund has discretion in its choice of investments, and is not restricted by the size of the company, the industry it trades in, or the geographical spread of the portfolio. The fund can also invest in derivatives (financial contracts whose value is linked to the expected future price movement) and fixed interest securities which are investments (which could be issued by a company, a government or another entity) that pay a fixed level of income or interest. The fund may use investment techniques to protect the value of the fund. This involves using derivatives and forward contracts in order to reduce the risks otherwise associated with making investments in currencies other than the fund s accounting currency (sterling). Other information: Investment in the fund should be regarded as a medium to long-term investment. You can buy and sell units Monday to Friday, except on UK Public holidays, each week. Transactions are processed at 12 noon and we will include your instructions to buy or sell units if it is received before that point. If you hold accumulation units any income the fund receives is reinvested into the fund and automatically reflected in the value of the units. If you hold distribution units any income the fund receives can be paid out to you. For further explanation of some of the terms used above, please visit our website artemis.co.uk to view a glossary of terms. Risk and reward profile Typically lower rewards Lower risk Typically higher rewards This indicator is based on 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. A risk indicator of 1 does not mean that the investment is risk free. Higher risk The indicator is not a measure of the possibility of losing your investment. The risk indicator for the fund is as above because: The price of units, and the income from them, can fall and rise because of stockmarket and currency movements. Stockmarket prices, currencies and interest rates can move irrationally and can be affected unpredictably by diverse factors, including political and economic events. A portion of the fund s assets may be invested in a currency other than the fund s accounting currency (sterling). The value of these assets, and the income from them, may decrease if the currency falls in relation to sterling, in which the fund is valued and priced. A portion of the fund s assets may be invested in new, emerging markets. Investment in emerging markets can involve greater risk than that usually associated with more established markets. This means that aboveaverage rises and falls in unit prices can be expected. Investments in fixed interest securities are subject to market and credit risk and will be impacted by movements in interest rates. Interest rate movements are determined by a number of economic factors, in particular market expectations of future inflation. The fund can invest in higher-yielding bonds, which may increase the risk to your capital due to a higher likelihood of the company issuing the bonds failing to pay returns on investments. Changes to market conditions and interest rates can have a larger effect on the values of higher-yielding bonds than other bonds.

8 Charges The charges you pay are used to pay the costs of running the fund, including the costs of marketing and distributing it. The charges reduce the potential growth of your investment. The entry charge is included in the purchase price of each unit. At present, there is no exit charge. One-off charges taken before or after you invest Entry charge 5.25% 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 charges 1.73% Charges taken from the fund under certain specific conditions Performance fee None The entry and exit charges shown are maximum figures. In some cases (including when switching to other funds run by Artemis Fund Managers Limited) you might pay less you can find out actual entry and exit charges from your financial adviser. The ongoing charges figure is based on the expenses for the year ending 31 December Ongoing charges may vary from year to year and reduce the potential growth of your investment. The figure for ongoing charges excludes costs associated with buying and selling securities in the funds underlying portfolios (for example, broker s commission and stamp duty, currently 0.5%), except in the case of an entry/exit charge paid by the fund when buying or selling units in another collective investment undertaking. To provide levels of income consistent with the fund s aims, we take the annual management charge from capital. This will restrict the increase in the value of units. Past performance Percentage change 20% 15% 10% 5% 0% 14.7% This fund was launched on 19 July How the fund has performed in the past is not a guide to how it will perform in the future. Past performance in the chart shown includes all charges except entry charges. This past performance chart is calculated using the distribution units. Performance is calculated in sterling. -5% -10% -5.5% Practical information The Trustee of the fund is National Westminster Bank plc. Further information about the fund can be obtained from the fund s prospectus and the latest annual and half-yearly reports. The documents are in English and available free of charge. These can be found, along with other information such as the price of the fund s units, at artemis.co.uk or by phoning UK tax legislation may have an impact on your personal tax position. Artemis 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. You can switch your investments between funds or types of unit in the Artemis range. For further information, please refer to the prospectus, artemis.co.uk or phone The fund is authorised in the UK and regulated by the Financial Services Authority. Artemis Fund Managers Limited is authorised in the UK and regulated by the Financial Services Authority. This key investor information is accurate as at 31 December AGIRD

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 risks of this fund. You are advised to read it so you can make an informed decision about whether to invest. Artemis UK Growth Fund Class R Accumulation units [ISIN: GB ] The fund is managed by Artemis Fund Managers Limited. Objectives and investment policy Objective: The fund aims to increase the value of units over the long term. Policy: The fund will principally invest (a minimum of 80%) in the shares of companies listed, quoted or traded in the UK. The fund may also invest in the shares of companies listed, quoted and/or traded in the UK but domiciled elsewhere. The fund has discretion in its choice of investments, and is not restricted by the size of the company or the industry it trades in. The fund can also invest in derivatives (financial contracts whose value is linked to the expected future price movement). The fund may invest in fixed interest securities. These are investments (which could be issued by a company, a government or another entity) that pay a fixed level of income or interest. The fund may use investment techniques to protect the value of the fund. This involves using derivatives and forward contracts in order to reduce the risks otherwise associated with making investments in currencies other than the fund s accounting currency (sterling). Other information: Investment in the fund should be regarded as a medium to long-term investment. You can buy and sell units Monday to Friday, except on UK Public holidays, each week. Transactions are processed at 12 noon and we will include your instructions to buy or sell units if it is received before that point. Any income this fund receives is reinvested into the fund and automatically reflected in the value of units. For further explanation of some of the terms used above, please visit our website artemis.co.uk to view a glossary of terms. Risk and reward profile Typically lower rewards Lower risk Typically higher rewards This indicator is based on 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. A risk indicator of 1 does not mean that the investment is risk free. Higher risk The indicator is not a measure of the possibility of losing your investment. The risk indicator for the fund is as above because: The price of units, and the income from them, can fall and rise because of stockmarket and currency movements. Stockmarket prices, currencies and interest rates can move irrationally and can be affected unpredictably by diverse factors, including political and economic events. A portion of the fund s assets may be invested in a currency other than the fund s accounting currency (sterling). The value of these assets, and the income from them, may decrease if the currency falls in relation to sterling, in which the fund is valued and priced. The fund may hold derivatives with the aim of profiting from falling prices. If the related assets rise in value the fund will lose money. Investing in small and medium-sized companies can involve more risk than investing in larger, more established companies. Shares in smaller companies are often not as easy to sell as shares in larger companies are. This can cause difficulty in buying, valuing and selling those shares. Also, reliable information for deciding their value or the risks may not be available. Investments in fixed interest securities are subject to market and credit risk and will be impacted by movements in interest rates. Interest rate movements are determined by a number of economic factors, in particular market expectations of future inflation.

10 Charges for the fund The charges you pay are used to pay the costs of running the fund, including the costs of marketing and distributing it. The charges reduce the potential growth of your investment. The entry charge is included in the purchase price of each unit. At present, there is no exit charge. One-off charges taken before or after you invest Entry charge 5.00% 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 charges 1.60% Charges taken from the fund under certain specific conditions Performance fee None The entry and exit charges shown are maximum figures. In some cases (including when switching to other funds run by Artemis Fund Managers Limited) you might pay less you can find out actual entry and exit charges from your financial adviser. The ongoing charges figure is based on the expenses for the year ending 31 December Ongoing charges may vary from year to year and reduce the potential growth of your investment. The figure for ongoing charges excludes costs associated with buying and selling securities in the funds underlying portfolios (for example, broker s commission and stamp duty, currently 0.5%), except in the case of an entry/exit charge paid by the fund when buying or selling units in another collective investment undertaking. Past performance 40% This fund was launched on 3 April Percentage change 30% 20% 10% 0% -10% -20% 30.1% 24.0% 13.6% 15.7% -4.7% 26.0% 26.3% -3.4% 11.1% How the fund has performed in the past is not a guide to how it will perform in the future. Past performance in the chart shown includes all charges except entry charges. Performance is calculated in sterling. -30% -40% -32.6% Practical information The Trustee of the fund is National Westminster Bank plc. Further information about the fund can be obtained from the fund s prospectus and the latest annual and half-yearly reports. The documents are in English and available free of charge. These can be found, along with other information such as the price of the fund s units, at artemis.co.uk or by phoning UK tax legislation may have an impact on your personal tax position. Artemis 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. You can switch your investments between funds or types of unit in the Artemis range. For further information, please refer to the prospectus, artemis.co.uk or phone The fund is authorised in the UK and regulated by the Financial Services Authority. Artemis Fund Managers Limited is authorised in the UK and regulated by the Financial Services Authority. This key investor information is accurate as at 31 December AUGRA

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. AXA Framlington American Growth Fund Unit: AXA Framlington American Growth Fund R Accumulation GBP (ISIN: GB ) This Fund is managed by AXA Investment Managers UK Limited, part of the AXA IM Group Unit R Accumulation GBP (GB ) is representative for Unit R Income GBP (GB ) Objective and Investment Policy Investment Objective The aim of this Fund is to provide capital growth. Investment Policy Ordinarily at least 80% of investment is in the shares of US, Canadian and Mexican companies which are of large and medium capitalisation. Income Income from investments in the Fund may be paid out to you directly if you hold income units. Income from investments in the Fund will be rolled up into the value of your unit if you hold accumulation units. Fund Currency The reference currency of the Fund is Sterling. Risk and Reward Profile Lower risk Potentially lower reward Higher risk Potentially higher reward The risk category is calculated using historical performance data and may not be a reliable indicator of the Fund's future risk profile. Investment Horizon This Fund may not be suitable for investors who plan to withdraw their contribution within five years. Processing of subscription and redemption orders Your orders to buy, sell or transfer shares in the Fund, must be received by the Administrator by 12 noon on any working day to receive that day's Fund price. Please note that if your order is placed by an intermediary or Financial Adviser, they may require extra processing time. The Net Asset Value of this Fund is calculated on a daily basis. Minimum initial investment: 1,000 Minimum subsequent investment: 100 The risk category shown is not guaranteed and may shift over time. The lowest category does not mean risk free. Why is this Fund in this category? The capital of the Fund is not guaranteed. The Fund is invested in financial markets and uses techniques and instruments which may be subject to sudden and significant variation, which may result in substantial gains or losses.

12 Key Investor Information AXA Framlington American Growth Fund Charges The charges you pay are used to pay the cost 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 5.25% 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 1.53% The entry and exit charges shown are maximum figures. In some cases, you might pay less - you can find this out from your Financial Adviser. The ongoing charges figure is based on expenses for the twelve month period ending December This figure may vary from year to year. It excludes: n Performance fees n 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 refer to the Charges section of the prospectus which is available at Charges taken from the fund under certain specific conditions Performance fee none Past Performance Past performance is not a reliable indicator of future results. % AXA Framlington American Growth Fund R Accumulation GBP (GB ) Past performance is shown after the deduction of ongoing charges. Any entry/exit fees are excluded from the calculation. The Fund was launched on 31/12/1992 and the unit in Past performance has been calculated in Sterling and is expressed as a percentage change of the Fund's Net Asset Value at each year end. Practical Information Trustee: National Westminster Bank PLC Trustee & Depositary Services Younger Building 1st Floor 3 Redheughs Avenue Edinburgh EH12 9RH Further Information: more detailed information on this Fund, such as the prospectus as well as the latest annual and semi-annual report, can be obtained free of charge from the Fund Management Company, the Administrator, the Funds' distributors or online at More units classes are available for this Fund. For more details about other units, please refer to the prospectus, which is available at Net Asset Value Publication: the Net Asset Value per unit is available at at the registered office of the Management Company. Tax Legislation: the Fund is subject to the tax laws and regulations of the United Kingdom. Depending on your own country of residence this might have an impact on your investments. For further details, you should consult a Tax Adviser. Specific Unit Information: Unit R Accumulation GBP (GB ) is representative for Unit R Income GBP (GB ). Liability Statement: AXA Investment Managers 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 Fund. This Fund is authorised in the United Kingdom and regulated by the Financial Services Authority (FSA). AXA Investment Managers UK Limited is authorised in the United Kingdom and regulated by the Financial Services Authority. This key investor information is accurate as at 19/02/2013.

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. Fidelity South-East Asia Fund, a sub-fund of Fidelity Investment Funds, A Accumulation Shares (ISIN: GB ) Objectives and Investment Policy This fund is managed by FIL Investment Services (UK) Limited 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. 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'.

14 Charges for this fund The charges you pay are used to pay the costs of running the fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge 3.50% Exit charge N/A Switching Charge 0.25% 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 1.78% Charges taken from the fund under certain specific conditions Performance fee N/A The entry and exit charges shown are maximum figures. In some cases you might pay less - you can find this out from your financial adviser / distributor. The ongoing charges figure is based on expenses for the year ending 29/02/2012. 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 80.0% 60.0% 40.0% 20.0% 0.0% -20.0% -40.0% * Class 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 13/10/1984. Past performance has been calculated in GBP. 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 Services Authority. Country in which FIL Investment Services (UK) Limited is authorised: United Kingdom. The Supervisory Authority is: Financial Services Authority. This key investor information is accurate as at 14/02/2013.

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. First State Global Emerging Markets Leaders Fund Class A (Accumulation) GBP (Fund) ISIN GB a sub-fund of First State Investments ICVC (the Company) First State Investments (UK) Limited, the authorised corporate director of the Company Objectives and investment policy Objective: The Fund aims to grow your investment. Policy: The Fund invests in shares of companies in emerging markets or whose business is predominantly based in emerging markets. This includes companies that are listed on exchanges in developed markets. The Fund invests in shares of large and mid sized companies in the region. These companies generally have a total stock market value of at least US$1 billion. Emerging markets are countries considered to have social or business activity in the process of rapid growth. The Fund's manager may use its discretion when deciding which investments should be held by the Fund. You will not receive any income from your investment. Any income will be rolled up into the value of shares in the Fund. 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. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within five years. You can buy and sell shares in the Fund on any business day. As long as we receive your instruction before 12 noon (UK time), shares will be bought at that day s price. Risk and reward profile Lower Risk Potentially Lower Rewards Higher Risk Potentially Higher Rewards The synthetic risk reward indicator (the SRRI) rating is not a measure of the risk of you losing your investment but describes how much the value of the Fund went up and down in the past. The SRRI rating is based on historical data which may not be a reliable indication of the future risks and rewards of the Fund. We cannot guarantee that the rating of the Fund will remain the same; it may change over time. Even the lowest rating 1 does not mean a risk free investment. On a scale of 1 (less risky) to 7 (more risky), this Fund has a rating of 6 due to its past performance and the nature of its investments. Shares with a rating of 6 might have higher risks, but also higher returns. Risk is taken in order to make a higher potential return; the more risk a fund takes, the higher the potential return but the greater the risk of loss. The value of the Fund and its return is not guaranteed and may fall as well as rise. You may get back less than you originally invested. Material risks not adequately captured by the SRRI: Emerging market risk: emerging markets may be subject to less developed banking practices, and may not provide the same level of investor protection as a developed market. Funds investing in emerging markets may involve a higher risk than those investing in developed markets. Currency risk: movements in currency exchange rates could negatively affect the value of your investment. For further information on risks, please refer to the Risk Factors section in the Company's prospectus. Page 1/2

16 Charges for this Fund 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. One-off charges taken before or after you invest. Entry charge 4.00% Exit charge N/A 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 1.58% Charges taken from the fund under certain specific conditions Performance fee N/A The entry and exit charges shown are the maximum you will need to pay. In some cases you might pay less - you can find out the actual entry and exit charges from your financial adviser. The ongoing charge is based on expenses for the year ending July It may vary from year to year. It excludes portfolio transaction costs and performance fees, if any. There are fees for switching between sub-funds. The fee for switching into the Fund is 4%. Further information can be found in the Buying, Selling and Switching Shares section of the Company's prospectus. Past performance % % Past performance is not a reliable guide to future performance. The past % performance shown here includes fees, any reinvested income and tax. 43.3% 40 The Fund launched on 01 December % 29.0% % 18.0% The past performance of the Fund is calculated in GBP. 6.6% % -6.6% Year Practical information Depositary: National Westminster Bank Plc. Further information: The prospectus, annual and semi-annual reports of the Company are available free of charge on or by contacting First State Investments, 23 St. Andrew Square, Edinburgh, EH2 1BB. All documents are available in English, French, German, Italian and Swiss German. You can also obtain any of these documents from the representative or paying agent in your country. Other practical information: The Fund's share price and other information about the Fund is available at The prospectus, annual and semi-annual reports contain information about all of the sub-funds and share classes of the Company. Please note that not all subfunds and share classes may be registered for distribution in your jurisdiction. Liability statement: The Company may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the Company. Fund information: Each sub-fund of the Company is normally responsible for meeting its own debts. However, the sub-funds are not segregated by law. This means the investments of the Fund may be used to pay the debts of the other sub-funds. You can exchange shares in the Fund for shares in another sub-fund, which is called switching. There may be a charge for switching. Tax legislation: The Fund is subject to UK tax laws. This may have an impact on your personal tax position. For further details, please speak to your tax adviser. This Fund is authorised in the UK and regulated by the Financial Services Authority. First State Investments (UK) Limited is authorised and regulated in the UK by the Financial Services Authority. This key investor information is accurate as at 15 February Page 2/2

17 A sub-fund of Henderson OEIC, managed by Henderson Investment Funds Limited. KEY INVESTOR INFORMATION Henderson European Special Situations Fund Class A Acc ISIN: GB00B3W46246 This document provides you with Key Investor Information about this Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Fund. You are advised to read it so you can make an informed decision about whether to invest. Objectives and investment policy Objective Growth of your investment over the long term. Investment policy Under normal circumstances, the Fund invests mainly in: Shares of European (excluding UK) companies in any industry The Fund may also invest in: Shares of companies in other regions Collective Investment Schemes Money market instruments Bank deposits In choosing investments, the investment manager looks for stocks that appear to have greater potential to rise in price over the long term than is reflected in current market prices. The Fund may use investment techniques for efficient portfolio management or to manage risks. Designed for Investors who understand the Fund s risks, would like a European-focused investment and intend to invest their money for at least seven years. Fund currency GBP Share class currency GBP Terms to understand Collective Investment Schemes Funds that invest in shares and other securities from the UK and elsewhere. Money market instruments Liquid investments that pay interest and are designed to maintain a stable value. Shares Securities that represent fractional ownership in a company. Volatility How sharply the Fund s share price has gone up and down over a period, generally several years. 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: The Fund focuses on a single region As a category, shares are more volatile than either bonds or money market instruments 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. 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 Warnings section of the Fund s prospectus. 1of2

18 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. One-off charges taken before or after you invest Entry Charge 5.00% Performance (%) 30% 20% 10% 0% -10% 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). -20% -30% Charges taken from the Fund over a year Ongoing Charges 1.76% The ongoing charges are based on last year s expenses for the year ending 30 September Ongoing charges may vary from year to year. The figure for ongoing charges excludes portfolio transaction costs, except in the case of an initial charge paid by the Fund when buying shares or units in another fund. For more information about charges, please see the Charges section of the Fund s prospectus. The Fund Year The past performance is calculated in GBP. The Fund and the share class were 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 and certain other languages. For a free copy of the Fund s Prospectus please contact the registered office of the Fund at 201 Bishopsgate, London EC2M 3AE, UK or your local representative office. Tax: Investors should note that the tax legislation that applies to the Fund may have an impact on the personal tax position of their investment in the Fund. Contact your adviser to discuss tax treatment, suitability of this investment, and other questions. Notices: Henderson Investment Funds Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the Fund. The assets of each sub-fund are segregated, meaning that each sub-fund is insulated from any losses or claims associated with the other sub-funds. To place transaction orders: You can place orders to buy, 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

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. Invesco Perpetual High Income Fund Income share class (ISIN: GB ) A sub-fund of the Invesco Perpetual UK 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 together with capital growth The Fund invests primarily in shares of UK companies but may include some international investments 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 paid bi-annually 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 6 as its price has experienced very 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. 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.

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 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 1.69% 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 expenses for the year ending 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 % growth The Fund was launched on 6 February This Share Class was launched on 6 February Performance figures are calculated in Sterling on a mid price basis and include net reinvested income. The calculation incorporates the annual management charge and all other Fund expenses but excludes the entry charge. The base currency of the Fund is Sterling. Past performance is not a guide to future returns 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 this Share Class in The Financial Times or 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 (No Trail), Income (No Trail), Z Accumulation and Z Income. 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 b/PDF/190213

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 Global Dividend Fund Sterling Class A - Income shares ISIN no. GB00B39R2M86 Sterling Class A - Accumulation shares ISIN no. GB00B39R2L79 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 is in shares of companies from anywhere in the world. 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. 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 can 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 area of the market. It is therefore more vulnerable to the market sentiment of that specific area. 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. The Fund invests in the shares of companies that pay dividends. In certain market conditions companies may reduce or even suspend paying dividends until conditions improve. This will impact the level of income distributed by the Fund UK K1 GLOD GBP A EN UK

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 4.00% 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 1.66% 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 31 March. 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). The ongoing charge is taken from investments held in the Fund s portfolio and not from the income these investments produce. The deduction of this charge may reduce the potential growth of your investment. Past performance % (5.0) 28.0 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 18 July 2008 and the share class launched on 18 July Past performance is calculated using Sterling Class A shares (2.4) Fund For more information on charges, please refer to the relevant sections of the Prospectus which can be found by visiting 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. Other share classes may exist for the Fund as set out in the relevant Prospectus UK K1 GLOD GBP A EN UK 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.

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. Marlborough Multi Cap Income Fund, Class A Shares a sub-fund of the Marlborough No2 OEIC (ISIN Income GB00B42TBF45, Accumulation GB00B5L8VH15) This fund is managed by Marlborough Fund Managers Ltd Objectives and Investment Policy The Marlborough Multi Cap Income Fund aims to seek to generate an attractive and growing level of dividend income in addition to long term capital growth by investing in a diversified portfolio of equities predominantly listed in the UK. The Fund will invest primarily in the shares of small to medium capitalisation companies where both capital and dividend growth are anticipated. The Fund may also invest in, but is not limited to, the shares of large capitalisation companies as well as cash and near cash. The Fund may invest in derivatives and forward transactions for the reduction of risk or costs. It is intended that the Fund will be managed so that it is eligible for quotation within the Investment Management Association's UK Equity Income Sector. Hargreave Hale Limited, the Investment Adviser to the Fund, Risk and Reward Profile decide which investments to buy and when within the constraints of the objectives and policy. The Marlborough Multi Cap Income Fund pays income. If you wish to receive this please tell us. If you do not want to receive income you will be given accumulation shares which means income is invested back into the fund and reflected in the price of your shares. You can sell all or part of your investment whenever you like subject to the minimum holding requirements. Lower risk Typically lower rewards Higher risk Typically higher rewards The risk and reward indicator above aims to provide you with an indication of the overall risk and reward profile of the fund. It is calculated based on the volatility of the fund using weekly historic returns over the last five years. If five years data is not available for a fund, the returns of a representative portfolio are used. As the risk and reward indicator is calculated based on historical data it may not be a reliable indication of the future risk profile of the fund. volatile over shorter time periods. The Fund invests mainly in the UK. Therefore it may be more vulnerable to market sentiment in that country. To ensure that the principal objective of providing an above average and subsequently increasing level of income can be met, the annual Manager s charge is deducted from capital rather than income. Future capital growth may be constrained as a result. The risk category shown is not guaranteed and may change over time. The lowest category does not mean risk free. A more detailed description of the risks that apply to this Fund can be found in the prospectus. The value of investments and the income from them may fall as well as rise and you may not get back the amount you originally invested. This Fund has been measured as 6 because it has experienced high volatility historically. The Fund invests in smaller companies which carry a higher degree of risk than larger companies. The shares of smaller companies may be less liquid and their performance more

24 Charges for this Fund The charges you pay are used to pay the costs of running the fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge 5.25% Exit charge N/A This is the maximum that might be taken out of your money before it is invested. Charges taken from the fund over a year The entry and exit charges shown are maximum figures. In some cases you may pay less - you can find this out from your financial adviser. The ongoing charges figure is based on expenses for the year ending 31/07/2012. This figure may vary from year to year. It excludes: Performance fees Portfolio transaction costs, except in the case of an entry/exit charge paid by the UCITS when buying or selling units in another collective investment undertaking Ongoing charges 1.64% Charges taken from the fund under certain specific conditions For more information about charges, please see Sections of the fund s prospectus, which is available at Performance fee N/A Past Performance As this fund does not have performance data for one complete calendar year, there is insufficient data to provide a useful indication of past performance. The Fund was launched on 1 July 2011 This Share Class was launched on 1 July 2011 Practical Information The minimum investment is 1,000. If you wish to sell all or part of your investment please write to us at Marlborough House, 59 Chorley New Road, Bolton, BL1 4QP or telephone Your deal will be placed at the next valuation point after we receive your instruction. The valuation point is at 12 noon on each dealing day, as set out in the prospectus. The Depositary for the fund is HSBC Bank Plc The prospectus, short report and annual report and accounts for the fund are available free of charge at or by calling The documents are available in English only. UK taxation may have an impact on your personal tax position. Fund prices are available on our website Some price information is also published in the Financial Times. You may switch to any fund in the Marlborough range on request, subject to a switching charge. Other share classes of the Fund are available. For further details please see the Fund s Prospectus which is available at The Prospectus, Annual and Half-Yearly Reports cover all the funds within Marlborough No 2 OEIC. The sub-funds of the OEIC are not segregated by law. In the unlikely event of one sub-fund having debts, the assets of the other funds may be used to settle these. For further details including how to invest please see the Supplementary Information Document which is available at or call Marlborough Fund Managers 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 UCITS. This fund is authorised in the United Kingdom and regulated by the Financial Services Authority. Marlborough Fund Managers Ltd is authorised in the United Kingdom and regulated by the Financial Services Authority. This key investor information is accurate as at

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. Objectives and Investment Policy Marlborough Special Situations Fund, Class A Units (ISIN Accumulation GB00B659XQ05) This fund is managed by Marlborough Fund Managers Ltd The Marlborough Special Situations Fund aims to provide capital growth by investing in smaller companies, new issues and companies going through a difficult period with good recovery prospects. The Fund will invest mainly in, although is not limited to, equities and may hold cash and near cash at times when it is considered appropriate by the Manager. income. Instead, any income received by the Fund is reinvested back into the Fund. You can sell all or part of your investment whenever you like subject to the minimum holding requirements. The Fund may invest in derivatives and forward transactions for the reduction of risk or costs, or the generation of additional capital or income with an acceptably low level of risk. Hargreave Hale Limited, the Investment Adviser to the Fund, decide which investments to buy and when within the constraints of the objectives and policy. The Fund is not constrained by a benchmark. The Marlborough Special Situations Fund does not pay Risk and Reward Profile Lower risk Typically lower rewards Higher risk Typically higher rewards The risk and reward indicator above aims to provide you with an indication of the overall risk and reward profile of the fund. It is calculated based on the volatility of the fund using weekly historic returns over the last five years. If five years data is not available for a fund, the returns of a representative portfolio are used. As the risk and reward indicator is calculated based on historical data it 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 value of investments and the income from them may fall as well as rise and you may not get back the amount you originally invested. This Fund has been measured as 6 because it has experienced high volatility historically. The Fund invests in smaller companies which carry a higher degree of risk than larger companies. The shares of smaller companies may be less liquid and their performance more volatile over shorter time periods. The Fund invests mainly in the UK. Therefore it may be more vulnerable to market sentiment in that country. A more detailed description of the risks that apply to this Fund can be found in the prospectus.

26 Charges for this Fund The charges you pay are used to pay the costs of running the fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge 5.00% Exit charge N/A 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 1.53% Charges taken from the fund under certain specific conditions The entry and exit charges shown are maximum figures. In some cases you may pay less - you can find this out from your financial adviser. The ongoing charges figure is based on expenses for the year ending 20/12/2012. This figure may vary from year to year. It excludes: Portfolio transaction costs, except in the case of an entry/exit charge paid by the UCITS when buying or selling units in another collective investment undertaking For more information about charges, please see Section 13 of the fund s prospectus, which is available at Performance fee N/A Past Performance For funds with 80.7 less than 5 complete calendar years performance data, 80.0 the graph should cover the last 5 years only. For funds with less than 10 years, the years for which performance 60.0information is not available should 51.8 be shown as blank with no annotation other than the date Each bar 20.0must include a label indicating 6.5 the % return to 1dp % For new 0.0 shares classes launched in existing funds use the performance for an existing share class Past performance is not a guide to future returns. Performance figures are calculated in Sterling on a bid price basis and include net reinvested income. They include the annual management charge and all other fund expenses but do not include the entry charge. The Fund was launched on 12 July This Unit Class was launched on 12 July Practical Information The minimum investment is 1,000. If you wish to sell all or part of your investment please write to us at Marlborough House, 59 Chorley New Road, Bolton, BL1 4QP or telephone Your deal will be placed at the next valuation point after we receive your instruction. The valuation point is at 12 noon on each business day (as defined in the prospectus). The Trustee for the fund is HSBC Bank Plc The prospectus, short report and annual report and accounts for the fund are available free of charge at or by calling The documents are available in English only. UK taxation may have an impact on your personal tax position. Fund prices are available on our website Some price information is also published in the Financial Times. You may switch to any fund in the Marlborough range on request, subject to a switching charge. Other unit classes of the Fund are available. For further details please see the Fund s prospectus which is available at For further details including how to invest please see the Supplementary Information Document which is available at or call Marlborough Fund Managers 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 UCITS. This fund is authorised in the United Kingdom and regulated by the Financial Services Authority. Marlborough Fund Managers Ltd is authorised in the United Kingdom and regulated by the Financial Services Authority. This key investor information is accurate as at

27 Key Investor Information This document provides you with the 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. CF Miton Special Situations Portfolio, A Accumulation, a fund within CF Miton Investment Funds (ISIN: GB00B031C923) The fund is managed by Capita Financial Managers Limited, part of the Capita Financial Group. Objectives and investment policy Objective The fund aims to provide long-term capital growth. Investment Policy The fund invests in collective investment schemes, company shares, government debt securities and cash. Essential features of the fund: The fund has the discretion to invest in a range of investments as described above with no need to adhere to a particular benchmark. The fund has no specific target market, asset class or geographic sector. Risk and reward profile You can buy and sell shares in the fund on each business day. Income from the fund will be added to the value of your investment. Recommendation: This fund may not be appropriate for investors who plan to withdraw their money within 5 years. The risk and reward profile shown is not guaranteed to remain the same and may shift over time. This indicator shows how much a fund has risen and fallen in the past, and therefore how much a fund's returns have varied. It is a measure of a fund's volatility. The higher a fund's past volatility the higher the number on the scale and the greater the risk that investors in that fund may have made losses as well as gains. The lowest number on the scale does not mean that a fund is risk free. The fund has been classed as 4 because its volatility has been measured as average. Credit Risk: Fixed interest securities are affected by trends in interest rates and inflation. If interest rates go up the value of capital may fall and vice versa. Inflation will also decrease the real value of capital. The value of a fixed interest security is also affected by its credit rating. Currency Risk: As the fund has exposure to overseas currencies, movements in exchange rates may, when not hedged, cause the value of your investment to increase or decrease. For full details of the fund's risks, please see the prospectus which may be obtained from the address in 'Practical Information' overleaf. This indicator is based on historical data and may not be a reliable indication of the future risk profile of this fund. Version 2.0