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. Virgin Money Bond and Gilt Fund GBP Income Units: (ISIN GB ) This Fund is managed by Virgin Money Unit Trust Managers Limited, Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL. Prior to 2 September 2018 the Fund was known as the Virgin Income Trust. Objective and Investment Policy The investment objective of the Fund is to provide a total return (predominantly income but also any capital growth) from bonds and gilts. The Fund aims to achieve this by tracking the performance of a composite index, comprising 5 the FTSE 5-15 Year Gilt Index and 5 the Bank of America Merrill Lynch 5-15 Year AAA-A Non-Gilt Index, measured annually, less charges. The Fund invests 5 of its assets in bonds issued by the UK Government (known as gilts ) and 5 in other bonds. These other bonds comprise: > corporate bonds > bonds issued by government agencies; and > bonds issued by supranational organisations, such as the European Investment Bank. All bonds are denominated in sterling. The Fund pursues a low risk strategy by investing in medium term (5 to 15 years) gilts, whilst its other bonds are highly rated (AAA-A) by leading credit agencies. This means a lower risk of non-payment compared to lower rated bonds. An Investment Advisor manages the Fund and seeks to match closely the composition of the composite index by only investing in the bonds and gilts that make up the two indices referenced in the investment objective. This means that the Fund is passively managed, as it only invests in line with these indices. Designed for investors who: > are looking for a regular income (which can be reinvested as required) from a portfolio of bonds > prefer an investment with a passive approach, rather than active stock picking > are prepared to accept a degree of risk in return for the potential of higher returns than more secure cash deposits. Recommendation: this Fund may not be suitable for investors who plan to withdraw their money within five years. Risk and Reward Profile Lower risk Potentially lower reward Higher risk Potentially higher reward On the financial markets, rates of return are typically linked to risk. Over the longer term, investors who are prepared to accept greater risk can typically look forward to higher returns. The risk indicator above shows the Fund s risk and reward profile. Risk level 1 signals a low risk of losing money but typically offers limited potential rewards. At risk level 7, the risk of losing money is much higher, but the potential rewards are typically much greater. Note that even investments in the lowest risk category are not entirely free of risk. The risk indicator is based on the rate at which the value of the Fund has moved up and down in the past. Note that past figures may not be a reliable indication for the future. The risk category shown is not a target or guarantee and may move over time. The Fund is in category 4 because it invests in bonds. These typically provide moderate rewards but carry a lower level of risk than other investments such as company shares. Specific risks relevant to the Fund that may not be adequately captured by recent historic price movements are: Interest Rate Risk many bonds pay a fixed rate of income and when interest rates rise, or when markets expect rates to rise, the value of the bonds may fall as the fixed rate of income becomes less attractive. Credit Risk the issuer of a bond may not be able to keep up interest payments or return the full value when the bond matures, which would mean the bonds become less valuable. This risk is most relevant to the corporate bonds held by the Fund.

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. The Ongoing Charge is based on expenses for the twelve-month period ending 1 October This figure may vary from year to year. It excludes portfolio transaction costs, except when the Fund buys or sells units in another collective investment fund and an Entry/Exit Charge could be paid. For more information about charges, please refer to the Fees and Expenses section of the Fund s Prospectus which is available by calling us on *. 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 the proceeds of your investment are paid out. Charges taken from the fund over a year Ongoing Charge Charges taken from the fund under specific conditions Performance Fee 1.0 Past Performance % increase 15% 1 5% 0.6% 3.1% 2.5% 4.3% 7.1% 9.1% 9.8% 11.2% 6.7% 9.2% -4.6% -3.2% 11.4% 13.1% -0.8% 1.1% 7.8% 8.8% 1.6% 3. Past performance shown to the left is calculated in British Pounds and expressed as a percentage change of the Fund s assets at each year end, after charges, assuming reinvestment of income (net of 2 withholding tax for the Fund, prior to April 2017). Please note that past performance is not a reliable indicator of future results. The Fund, and this share class, was launched in September FTSE 5-15 Year Gilt Index, 5 Bank of America Merrill Lynch 5-15 Year AAA-A Non Gilt Index. Source: Lipper, bid to bid with net income reinvested. -5% Virgin Money Bond and Gilt Fund Benchmark Practical Information Trustee: Citibank Europe plc. Further Information: To get further details about this Fund and obtain a free copy of the Fund Prospectus please call us on *. Alternatively visit our website virginmoney.com/myinvestments where you will find copies of the latest annual or interim financial report and accounts of the Fund. Other practical information such as the unit price and how to switch is also on our website. All fund documentation is available in English. Tax Legislation: The Fund is subject to UK tax law which may have an impact on your personal tax position. If you are at all unclear about your individual tax situation please speak to a Financial Adviser. Remuneration: Up-to-date details of the Manager s UCITS V Remuneration Policy, including details of the Remuneration Committee, are available at virginmoney.com/virgin/investor-relations/corporategovernance/remuneration/. A paper copy of that information will be made available free of charge from the Manager upon request. Liability Statement: Virgin Money 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. *Calls to 03 numbers cost the same as calls to 01 or 02 numbers and they are included in inclusive minutes and discount schemes in the same way. Calls may be monitored and recorded. The Virgin Money Bond and Gilt Fund is authorised in the UK and regulated by the Financial Conduct Authority. Virgin Money Unit Trust Managers Limited is authorised in the UK and regulated by the Financial Conduct Authority. This Key Investor Information document is accurate as at September MF6v9_9.18

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. Virgin Bond, Gilt and UK Share Fund GBP Income Units: (ISIN GB00BR4R5H71) This Fund is managed by Virgin Money Unit Trust Managers Limited, Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL, part of the Virgin Money Group of companies. Objective and Investment Policy The objective of the Fund is to provide capital growth. The Fund invests mainly in passive collective investment schemes and will typically invest 5 in passively managed collective investment schemes which invest in fixed income securities (corporate bonds and government gilts) and will typically invest 5 in passively managed collective investment schemes which invest in shares of UK companies. The Fund may also invest in derivatives but only to reduce risks or costs. Designed for investors who: > would like to grow their capital by investing in a range of different types of investments, > prefer a fund that uses a passive (index-tracking) approach rather than an actively-managed one. You can buy and sell units on any business day. Any income earned by the fund on its investments can be reinvested or you can choose to have it paid to you as an income. Recommendation: 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 reward Higher risk Potentially higher reward On the financial markets, rates of return are typically linked to risk. Over the longer term, investors who are prepared to accept greater risk can typically look forward to higher returns. The risk indicator above shows the Fund s risk and reward profile. Risk level 1 signals a low risk of losing money but typically offers limited potential rewards. At risk level 7, the risk of losing money is much higher, but the potential rewards are typically much greater. Note that even investments in the lowest risk category are not entirely free of risk. The risk indicator is based on the rate at which the value of the Fund has moved up and down in the past. Note that past figures may not be a reliable indication for the future. The risk and reward category shown is not a target or guarantee and may move over time. The Fund is in a category 4 because it invests in a mixture of gilt-edged securities and corporate bonds which typically provide moderate rewards but carry a lower level of risk and company shares which typically provide higher rewards but carry a higher level of risk. Governments can change the tax relief available to individuals and funds. Market risk: share, bond and gilt prices may go up and down. Credit risk: once the Manager has paid for investments, the individual or organisation the Manager has bought them from could fail to hand them over. Performance risk: the Virgin Bond, Gilt and UK Share Fund may not deliver its stated investment objective. The Manager aims to control these risks, however, if they do materialise the value of your investment could go down.

4 Charges The estimated cost of a Dilution Levy would be: > 0.45% of the purchase cost of units by an investor. The charges you pay are used to pay the costs of running the Fund, > 0.15% of the sale proceeds on a sale of units by an investor. including the costs of marketing and distributing it. These charges For more information about charges, please refer to the Fees and reduce the potential growth of your investment. Expenses section of the Fund s Prospectus which is available by The ongoing charge is based on expenses for the six-month period calling us on * ending 31 January This figure may vary from year to year. It excludes portfolio transaction costs, except when the Fund buys or One-off charges taken before or after you invest sells units in another collective investment fund and an Entry/Exit Entry Charge Charge could be paid. The Manager may also charge a Dilution Levy on the purchase or sale Exit Charge of units by an investor. The Dilution Levy protects remaining investors This is the maximum that might be taken out of your money before it is invested or against the costs incurred by the Fund in purchasing or selling a large before the proceeds of your investment are paid out. number of units. A Dilution Levy may be imposed: Charges taken from the fund over a year > where the Fund size is in continual decline. Ongoing Charge 1.0 > on large deals i.e. a purchase or a redemption of 250,000 or more. > any case where the Manager is of the opinion it is in the interests of Charges taken from the fund under specific conditions remaining Unitholders. Performance Fee Past performance % increase % 5.5% Past performance is not a reliable indicator of future results. The Fund was launched in February 2015 and the unit class in February Past performance is calculated in GBP and is expressed as a percentage change of the Fund s Net Asset Value at each year end. -1 Source: Lipper, bid to bid with net income reinvested Practical information Trustee: Citibank Europe plc. Further Information: To get further details about this Fund and obtain a free copy of the Fund Prospectus please call us on * Alternatively visit our website virginmoney.com/myinvestments where you will find copies of the latest annual or interim financial report and accounts of the Fund when they become available. Other practical information such as the unit price and how to switch is also on our website. All fund documentation is available in English. Tax Legislation: The Fund is subject to UK tax law which may have an impact on your personal tax position. If you are at all unclear about your individual tax situation please speak to a Financial Adviser. Remuneration: Up-to-date details of the Manager s UCITS V Remuneration Policy, including details of the Remuneration Committee, are available at virginmoney.com/virgin/investor-relations/corporategovernance/remuneration/. A paper copy of that information will be made available free of charge from the Manager upon request. Liability Statement: Virgin Money 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. *Calls to 03 numbers cost the same as calls to 01 or 02 numbers and they are included in inclusive minutes and discount schemes in the same way. Calls may be monitored and recorded. The Virgin Bond, Gilt and UK Share Fund is authorised in the UK and regulated by the Financial Conduct Authority. Virgin Money Unit Trust Managers Limited is authorised in the UK and regulated by the Financial Conduct Authority. This Key Investor Information document is accurate as at 1 July MF12v10_7.18

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. Virgin Bond, Gilt, UK and Overseas Share Fund GBP Income Units: (ISIN GB00BR4R5J95) This Fund is managed by Virgin Money Unit Trust Managers Limited, Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL, part of the Virgin Money Group of companies. Objective and Investment Policy The objective of the Fund is to provide capital growth. The Fund invests mainly in passive collective investment schemes and will typically invest 5 in passively managed collective investment schemes which invest in shares of UK companies, 25% in passively managed collective investment schemes which invest in shares of companies outside of the UK and 25% in passively managed collective investment schemes which invest in fixed income securities (corporate bonds and government gilts). The Fund may also invest in derivatives but only to reduce risks or costs. Designed for investors who: > would like to grow their capital by investing in a range of different types of investments, > prefer a fund that uses a passive (index-tracking) approach rather than an actively-managed one. You can buy and sell units on any business day. Any income earned by the fund on its investments can be reinvested or you can choose to have it paid to you as an income. Recommendation: 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 reward Higher risk Potentially higher reward On the financial markets, rates of return are typically linked to risk. Over the longer term, investors who are prepared to accept greater risk can typically look forward to higher returns. The risk indicator above shows the Fund s risk and reward profile. Risk level 1 signals a low risk of losing money but typically offers limited potential rewards. At risk level 7, the risk of losing money is much higher, but the potential rewards are typically much greater. Note that even investments in the lowest risk category are not entirely free of risk. The risk indicator is based on the rate at which the value of the Fund has moved up and down in the past. Note that past figures may not be a reliable indication for the future. The risk and reward category shown is not a target or guarantee and may move over time. The Fund is in a category 4 because it invests in a mixture of gilt-edged securities and corporate bonds which typically provide moderate rewards but carry a lower level of risk and company shares which typically provide higher rewards but carry a higher level of risk. Governments can change the tax relief available to individuals and funds. Market risk: share, bond and gilt prices may go up and down. Credit risk: once the Manager has paid for investments, the individual or organisation the Manager has bought them from could fail to hand them over. Performance risk: the Virgin Bond, Gilt, UK and Overseas Share Fund may not deliver its stated investment objective. Foreign exchange risk: as some of the investments held by the underlying collective investment schemes will be held outside the UK the value of your investments may be affected by changes in currency exchange rates. The Manager aims to control these risks, however, if they do materialise the value of your investment could go down.

6 Charges The estimated cost of a Dilution Levy would be: > 0.45% of the purchase cost of units by an investor. The charges you pay are used to pay the costs of running the Fund, > 0.15% of the sale proceeds on a sale of units by an investor. including the costs of marketing and distributing it. These charges For more information about charges, please refer to the Fees and reduce the potential growth of your investment. Expenses section of the Fund s Prospectus which is available by The ongoing charge is based on expenses for the six-month period calling us on * ending 31 January This figure may vary from year to year. It excludes portfolio transaction costs, except when the Fund buys or One-off charges taken before or after you invest sells units in another collective investment fund and an Entry/Exit Charge could be paid. Entry Charge The Manager may also charge a Dilution Levy on the purchase or sale Exit Charge of units by an investor. The Dilution Levy protects remaining investors This is the maximum that might be taken out of your money before it is invested or against the costs incurred by the Fund in purchasing or selling a large before the proceeds of your investment are paid out. number of units. A Dilution Levy may be imposed: Charges taken from the fund over a year > where the Fund size is in continual decline. Ongoing Charge 1.0 > on large deals i.e. a purchase or a redemption of 250,000 or more. Charges taken from the fund under specific conditions > any case where the Manager is of the opinion it is in the interests of remaining Unitholders. Performance Fee Past performance % increase % 9.1% Past performance is not a reliable indicator of future results. The Fund was launched in February 2015 and the unit class in February Past performance is calculated in GBP and is expressed as a percentage change of the Fund s Net Asset Value at each year end. -1 Source: Lipper, bid to bid with net income reinvested Practical information Trustee: Citibank Europe plc. Further Information: To get further details about this Fund and obtain a free copy of the Fund Prospectus please call us on * Alternatively visit our website virginmoney.com/myinvestments where you will find copies of the latest annual or interim financial report and accounts of the Fund when they become available. Other practical information such as the unit price and how to switch is also on our website. All fund documentation is available in English. Tax Legislation: The Fund is subject to UK tax law which may have an impact on your personal tax position. If you are at all unclear about your individual tax situation please speak to a Financial Adviser. Remuneration: Up-to-date details of the Manager s UCITS V Remuneration Policy, including details of the Remuneration Committee, are available at virginmoney.com/virgin/investor-relations/corporategovernance/remuneration/. A paper copy of that information will be made available free of charge from the Manager upon request. Liability Statement: Virgin Money 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. *Calls to 03 numbers cost the same as calls to 01 or 02 numbers and they are included in inclusive minutes and discount schemes in the same way. Calls may be monitored and recorded. The Virgin Bond, Gilt, UK and Overseas Share Fund is authorised in the UK and regulated by the Financial Conduct Authority. Virgin Money Unit Trust Managers Limited is authorised in the UK and regulated by the Financial Conduct Authority. This Key Investor Information document is accurate as at 1 July MF11v9_7.18

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 the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Virgin UK Index Tracking Trust GBP Income Units: (ISIN GB ) This Fund is managed by Virgin Money Unit Trust Managers Limited, Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL. Objective and Investment Policy The Fund aims to closely match the performance of the FTSE All-Share Index on a capital only and total return (after charges) basis. The investment objective will be achieved by holding all the stocks that comprise the benchmark index, in the same proportions as the index. Stock index futures may also be used to manage the cash position of the Fund. Any income earned by the fund on its investments can be reinvested or you can choose to have it paid to you as an income. You can buy and sell units on any business day. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within five years. Designed for investors who: > would like to grow their capital by investing in a wide range of UK companies, > prefer a fund that uses a passive (index-tracking) approach rather than an actively-managed one. Risk and Reward Profile Lower risk Potentially lower reward Higher risk Potentially higher reward On the financial markets, rates of return are typically linked to risk. Over the longer term, investors who are prepared to accept greater risk can typically look forward to higher returns. The risk indicator above shows the Fund s risk and reward profile. Risk level 1 signals a low risk of losing money but typically offers limited potential rewards. At risk level 7, the risk of losing money is much higher, but the potential rewards are typically much greater. Note that even investments in the lowest risk category are not entirely free of risk. The risk indicator is based on the rate at which the value of the Fund has moved up and down in the past. Note that past figures may not be a reliable indication for the future. The risk category shown is not a target or guarantee and may move over time. The Fund is in category 5 because it invests in company shares. These typically provide higher rewards but carry a higher level of risk than other investments such as gilt-edged securities. Governments can change the tax relief available to individuals and funds. Market risk: share prices may go up and down. Credit risk: once the Manager has paid for shares, the individual or organisation the Manager has bought them from could fail to hand them over. Performance risk: the Virgin UK Index Tracking Trust may not track the index as closely as its stated investment objective. Company/Sector risk: the All-Share Index spreads your risk by investing in hundreds of companies in various sectors and industries. Some of those companies and/or sectors can grow so large that they make up a large percentage of the index. This would concentrate risk in those areas. The Manager aims to control these risks, however, if they do materialise the value of your investment could go down.

8 Charges One-off charges taken before or after you invest The charges you pay are used to pay the costs of running the Fund, Entry Charge including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. Exit Charge The Ongoing Charge is based on expenses for the twelve-month This is the maximum that might be taken out of your money before it is invested or period ending 15 March This figure may vary from year to year. before the proceeds of your investment are paid out. It excludes portfolio transaction costs, except when the Fund buys or sells units in another collective investment fund and an Entry/ Charges taken from the fund over a year Exit Charge could be paid. Ongoing Charge 1.0 For more information about charges, please refer to the Fees and Expenses section of the Fund s Prospectus which is available by Charges taken from the fund under specific conditions calling us on * Performance Fee Past Performance 4 3 Past performance is not a reliable indicator of future results. % increase % -29.9% 28.8% 30.1% % -4.7% -3.5% % 19.6% 20.8% 0.2% 1.2% 0.3% % 16.8% 11.9% 13.1% The Fund was launched in March 1995 and the unit class in March Past performance is calculated in GBP and is expressed as a percentage change of the Fund s Net Asset Value at each year end. Virgin UK Index Tracking Trust -2 FTSE All-Share Index -3 Source: Lipper, bid to bid with net income reinvested Practical Information Trustee: Citibank Europe plc. Further Information: To get further details about this Fund and obtain a free copy of the Fund Prospectus please call us on * Alternatively visit our website virginmoney.com/myinvestments where you will find copies of the latest annual or interim financial report and accounts of the Fund. Other practical information such as the unit price and how to switch is also on our website. All fund documentation is available in English. Tax Legislation: The Fund is subject to UK tax law which may have an impact on your personal tax position. If you are at all unclear about your individual tax situation please speak to a Financial Adviser. Remuneration: Up-to-date details of the Manager s UCITS V Remuneration Policy, including details of the Remuneration Committee, are available at virginmoney.com/virgin/investor-relations/corporategovernance/remuneration/. A paper copy of that information will be made available free of charge from the Manager upon request. Liability Statement: Virgin Money 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. FTSE is a trademark of London Stock Exchange Plc and London Stock Exchange Group Holdings Limited and is used by FTSE International Limited under licence. All-Share is a trademark of FTSE International Limited. The FTSE All-Share Index is calculated by FTSE International Limited. Virgin Money Personal Financial Service Limited and Virgin Money Unit Trust Managers Limited have obtained full licence from FTSE International Limited to use such copyright in the creation of this product. FTSE International Limited does not sponsor, endorse or promote this product. *Calls to 03 numbers cost the same as calls to 01 or 02 numbers and they are included in inclusive minutes and discount schemes in the same way. Calls may be monitored and recorded. The Virgin UK Index Tracking Trust is authorised in the UK and regulated by the Financial Conduct Authority. Virgin Money Unit Trust Managers Limited is authorised in the UK and regulated by the Financial Conduct Authority. This Key Investor Information document is accurate as at 1 July MF4v9_7.18

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. Virgin Global Share Fund GBP Income Units: (ISIN GB00BR4R5K01) This Fund is managed by Virgin Money Unit Trust Managers Limited, Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL, part of the Virgin Money Group of companies. Objective and Investment Policy The objective of the Fund is to provide capital growth. The Fund invests mainly in passive collective investment schemes and will typically invest 25% in passively managed collective investment schemes which invest in shares of UK companies, 5 in passively managed collective investment schemes which invest in shares of companies outside of the UK and 25% in passively managed collective investment schemes which invest in shares of companies in emerging market countries. The Fund may also invest in derivatives but only to reduce risks or costs. Designed for investors who: > would like to grow their capital by investing in a range of different types of investments, > prefer a fund that uses a passive (index-tracking) approach rather than an actively-managed one. You can buy and sell units on any business day. Any income earned by the fund on its investments can be reinvested or you can choose to have it paid to you as an income. Recommendation: 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 reward Higher risk Potentially higher reward On the financial markets, rates of return are typically linked to risk. Over the longer term, investors who are prepared to accept greater risk can typically look forward to higher returns. The risk indicator above shows the Fund s risk and reward profile. Risk level 1 signals a low risk of losing money but typically offers limited potential rewards. At risk level 7, the risk of losing money is much higher, but the potential rewards are typically much greater. Note that even investments in the lowest risk category are not entirely free of risk. The risk indicator is based on the rate at which the value of the Fund has moved up and down in the past. Note that past figures may not be a reliable indication for the future. The risk and reward category shown is not a target or guarantee and may move over time. The Fund is in category 5 because it invests in company shares which typically provide higher rewards but carry a higher level of risk than other investments such as gilt-edged securities. Governments can change the tax relief available to individuals and funds. Market risk: share prices may go up and down. Credit risk: once the Manager has paid for investments, the individual or organisation the Manager has bought them from could fail to hand them over. Performance risk: the Virgin Global Share Fund may not deliver its stated investment objective. Foreign exchange risk: as some of the investments held by the underlying collective investment schemes will be held outside the UK the value of your investments may be affected by changes in currency exchange rates. The Manager aims to control these risks, however, if they do materialise the value of your investment could go down.

10 Charges The estimated cost of a Dilution Levy would be: > 0.45% of the purchase cost of units by an investor. The charges you pay are used to pay the costs of running the Fund, > 0.15% of the sale proceeds on a sale of units by an investor. including the costs of marketing and distributing it. These charges For more information about charges, please refer to the Fees and reduce the potential growth of your investment. Expenses section of the Fund s Prospectus which is available by The ongoing charge is based on expenses for the six-month period calling us on * ending 31 January This figure may vary from year to year. It excludes portfolio transaction costs, except when the Fund buys or One-off charges taken before or after you invest sells units in another collective investment fund and an Entry/Exit Charge could be paid. Entry Charge The Manager may also charge a Dilution Levy on the purchase or sale Exit Charge of units by an investor. The Dilution Levy protects remaining investors This is the maximum that might be taken out of your money before it is invested or against the costs incurred by the Fund in purchasing or selling a large before the proceeds of your investment are paid out. number of units. A Dilution Levy may be imposed: Charges taken from the fund over a year > where the Fund size is in continual decline. Ongoing Charge 1.0 > on large deals i.e. a purchase or a redemption of 250,000 or more. Charges taken from the fund under specific conditions > any case where the Manager is of the opinion it is in the interests of remaining Unitholders. Performance Fee Past performance % increase % 15.4% Past performance is not a reliable indicator of future results. The Fund was launched in February 2015 and the unit class in February Past performance is calculated in GBP and is expressed as a percentage change of the Fund s Net Asset Value at each year end. Source: Lipper, bid to bid with net income reinvested Practical information Trustee: Citibank Europe plc. Further Information: To get further details about this Fund and obtain a free copy of the Fund Prospectus please call us on *. Alternatively visit our website virginmoney.com/myinvestments where you will find copies of the latest annual or interim financial report and accounts of the Fund when they become available. Other practical information such as the unit price and how to switch is also on our website. All fund documentation is available in English. Tax Legislation: The Fund is subject to UK tax law which may have an impact on your personal tax position. If you are at all unclear about your individual tax situation please speak to a Financial Adviser. Remuneration: Up-to-date details of the Manager s UCITS V Remuneration Policy, including details of the Remuneration Committee, are available at virginmoney.com/virgin/investor-relations/corporategovernance/remuneration/. A paper copy of that information will be made available free of charge from the Manager upon request. Liability Statement: Virgin Money 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. *Calls to 03 numbers cost the same as calls to 01 or 02 numbers and they are included in inclusive minutes and discount schemes in the same way. Calls may be monitored and recorded. The Virgin Global Share Fund is authorised in the UK and regulated by the Financial Conduct Authority. Virgin Money Unit Trust Managers Limited is authorised in the UK and regulated by the Financial Conduct Authority. This Key Investor Information document is accurate as at 1 July MF10v9_7.18

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. Virgin Climate Change Fund GBP Accumulation Units: (ISIN GB00B29KGH36) This Fund is managed by Virgin Money Unit Trust Managers Limited, Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL. Objective and Investment Policy The objective of the Fund is to provide capital growth. The Fund invests mainly in shares of European companies which benefit from pursuing environmentally-aware capitalism. It may also invest in: > shares of non-european companies. > other securities permitted by UCITS regulations. > derivatives, to reduce risk or costs. Designed for investors who: > are comfortable investing in actively-managed investments. > want to grow their money by potentially more than a stock market average. > want to invest in a range of mainly European companies that are delivering improved environmental performance. Any income the Fund generates, after ongoing charges are paid, will be reinvested to grow the value of your investment. This is automatically reflected in the value of your units. You can buy and sell units on any business day. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within 5 years. Risk and Reward Profile Lower risk Higher risk The risk category shown is not a target or guarantee and may move over time. Potentially lower reward Potentially higher reward The Fund is in category 5 because it invests in company shares On the financial markets, rates of return are typically linked to risk. Over the longer term, investors who are prepared to accept greater risk can typically look forward to higher returns. The risk indicator above shows the Fund s risk and reward profile. Risk level 1 signals a low risk of losing money but typically offers limited potential rewards. At risk level 7, the risk of losing money is much higher, but the potential rewards are typically much greater. Note that even investments in the lowest risk category are not entirely free of risk. The risk indicator is based on the rate at which the value of the Fund has moved up and down in the past. Note that past figures may not be a reliable indication for the future. These typically provide higher rewards but carry a higher level of risk than other investments such as gilt-edged securities. Governments can change the tax relief available to individuals and funds. Market risk: share, bond and gilt prices may go up and down. Credit risk: once the Manager has paid for shares, bonds and gilts the individual or organisation the Manager bought them from could fail to hand them over. Performance risk: the Fund may not deliver its stated investment objective. Foreign exchange risk: as this Fund invests outside the UK, the value of your investments may be affected by changes in currency exchange rates. The Manager aims to control these risks, however, if they do materialise the value of your investment could go down.

12 Charges The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. The Ongoing Charge is based on expenses for the six-month period ending 31 March The figure may vary from year to year. It excludes portfolio transaction costs, except when the Fund buys or sells units in another collective investment fund and an Entry/Exit Charge could be paid. The Manager may also charge a Dilution Levy on the purchase or sale of units by an investor. The Dilution Levy protects remaining investors against the costs incurred by the Fund in purchasing or selling a large number of units. A Dilution Levy may be imposed: > where the Fund size is in continual decline. > on large deals i.e. a purchase or a redemption of 250,000 or more. > any case where the Manager is of the opinion it is in the interests of remaining Unitholders. The estimated cost of a Dilution Levy would be: > 0.45% of the purchase cost of units by an investor. > 0.15% of the sale proceeds on a sale of units by an investor. For more information about charges, please refer to the Fees and Expenses section of the Fund s Prospectus which is available by calling us on * 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 the proceeds of your investment are paid out. Charges taken from the fund over a year Ongoing Charge 1.3 Charges taken from the fund under specific conditions Performance Fee Past Performance % Past performance is not a reliable indicator of future results. % increase % 14.2% 14.2% 5.1% 13.5% The Fund was launched in January 2008 and the unit class in January Past performance is calculated in GBP and is expressed as a percentage change of the Fund s Net Asset Value at each year end % -1.2% -1.2% Source: Lipper, bid to bid with net income reinvested Practical Information Trustee: Citibank Europe plc. Further Information: To get further details about this Fund and obtain a free copy of the Fund Prospectus please call us on * Alternatively visit our website virginmoney.com/myinvestments where you will find copies of the latest annual or interim financial report and accounts of the Fund. Other practical information such as the unit price and how to switch is also on our website. All documentation is available in English. Tax Legislation: The Fund is subject to UK tax law which may have an impact on your personal tax position. If you are at all unclear about your individual tax situation please speak to a Financial Adviser. Remuneration: Up-to-date details of the Manager s UCITS V Remuneration Policy, including details of the Remuneration Committee, are available at virginmoney.com/virgin/investor-relations/corporategovernance/remuneration/. A paper copy of that information will be made available free of charge from the Manager upon request. Liability Statement: Virgin Money 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. *Calls to 03 numbers cost the same as calls to 01 or 02 numbers and they are included in inclusive minutes and discount schemes in the same way. Calls may be monitored and recorded. The Virgin Climate Change Fund is authorised in the UK and regulated by the Financial Conduct Authority.Virgin Money Unit Trust Managers Limited is authorised in the UK and regulated by the Financial Conduct Authority. This Key Investor Information document is accurate as at 1 July MF5v8_7.18