Centralised Investment Process Model Portfolio 7

Transcription

1 Centralised Investment Process Model Portfolio 7 Key Investor Information / Simplified Prospectus Portfolio Composition (16 June 2014) Company Name Fund Name % of total fund Axa Framlington UK Select Opportunities 5 Baillie Gifford European 4 Fidelity South East Asia 4 Fidelity Emerging Markets 6 First State Asia Pacific Leaders 5 Franklin UK Smaller Companies 5 HSBC Japan Index 5 JO Hambro Continental European 4 JPM Emerging Markets 5 L&G US Index Trust 5 Liontrust Special Situations 5 M&G Optimal Income 4 M&G Global Emerging Markets 4 M&G Global Macro Bond 3 Newton Asian Income 4 Newton UK Equity 6 Old Mutual UK Mid Cap 7 Old Mutual UK Alpha 7 Schroder US Mid Cap 3 Standard Life UK Equity Income Unconstrained 4 SWIP Property 5 These documents provide you with key investor information about the funds shown above. It is not marketing material. The information is required by law to help you understand the nature and risks of investing in these funds. You are advised to read the documents so you can make an informed decision about whether to invest.

2 KEY INVESTOR INFORMATION. This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. LEGAL & GENERAL US INDEX TRUST I CLASS ACCUMULATION ISIN: GB00B0CNGT73, DISTRIBUTION ISIN: GB00B0CNGS66 This fund is managed by Legal & General (Unit Trust Managers) Limited. OBJECTIVES AND INVESTMENT POLICY The objective of this fund is to provide growth by tracking the performance of the FTSE USA Index. The fund will invest almost entirely in company shares. The fund's investments will closely match those that make up the Index. The Index consists of a broad spread of US company shares. The fund may use derivatives (contracts which have a value linked to the price of another asset) for the following purposes: To help with efficient day to day management. To reduce some of the risks of the market. If you hold accumulation units, income from investments held by the fund (dividends) will be reinvested into the value of your units. If you hold distribution units, income from investments held by the fund will be paid out to you (as a dividend). You can buy or sell units in this fund on any working day. You need to contact us with your instruction before 3.00pm. This is the time we calculate unit prices for this fund. If you contact us after 3.00pm, the units will be bought or sold at the next working day's price. This fund may not be appropriate for investors who plan to withdraw their money within five years. This fund may be appropriate if you would like to build on an existing portfolio. RISK AND REWARD PROFILE Lower risk Higher risk Potentially lower rewards Potentially higher rewards The indicator opposite does not take account of the following risk of investing in the fund: If you use your right to cancel your investment, you may not get a full refund if the value of your investment falls before we receive your instruction. This risk and reward indicator is based on historical data which may not be a reliable indication of the fund's risk and reward category in the future. The category is based on the rate at which the value of the fund has moved up and down in the past. This fund is in category 6 because it invests in company shares which generally provide higher rewards and higher risks than other investments such as bonds, cash or commercial property. The fund's category is not guaranteed to remain the same and may change over time. Even a fund in the lowest category is not a risk free investment. The value of your investment and any income you take from it may fall as well as rise and is not guaranteed. You might get back less than you invested.

3 CHARGES FOR THIS FUND The charges you pay are used to pay the costs of running the fund, including the costs of marketing and distributing it. These charges reduce the potential return from your investment. The entry and exit charges shown are maximum figures. In some cases (including when switching to other funds managed by us) you might pay less - you can find out the actual figures from us or your financial adviser. The ongoing charges figure is based on the latest available expenses at December This figure may vary from year to year. Ongoing charges exclude the costs associated with buying and selling the underlying investments of the fund. This fund s charges include the charges made by any other funds it may invest in. For more information about charges, including any performance fee and how it is calculated, please see the charges and expenses and, where relevant, the performance fee section in the fund s Prospectus. You can also find information about charges at legalandgeneral.com/chargesandfees ONE-OFF CHARGES TAKEN BEFORE OR AFTER YOU INVEST Entry charge Exit charge None None This is the maximum that might be taken out of your money before it is invested. CHARGES TAKEN FROM THE FUND OVER A YEAR Ongoing charges 0.18% CHARGES TAKEN FROM THE FUND UNDER CERTAIN SPECIFIC CONDITIONS Performance fee None PAST PERFORMANCE (return %) (year) Past performance is not a guide to future performance. The figures take into account all charges except any entry charge, and assume income (after tax) is reinvested. The performance has been calculated in Sterling (British pounds). The annual return is for a 12 month period ending 31 December. The fund came into existence in 1992, this I class in Fund Index PRACTICAL INFORMATION TRUSTEE FURTHER INFORMATION UNIT PRICES AND OTHER PRACTICAL INFORMATION TAX The trustee is National Westminster Bank Plc. You can find further information about the fund in its Prospectus, latest annual and half-yearly reports and in the Additional Fund Information document. A Guide to Investing with Us gives further information about investing generally. These documents are available from: Legal & General Investments, PO Box 6080, Wolverhampton WV1 9RB. We will provide documents free of charge and in English. You can get other practical information, including the latest buying and selling prices of units and details of any other unit classes that are available, by calling us on Monday to Friday between 8.30am and 6.00pm. You can also find details of how we price units in A Guide to Investing with Us. UK tax legislation may have an impact on your personal tax position. Legal & General (Unit Trust Managers) Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus for the fund. This fund is authorised in the UK and regulated by the Financial Conduct Authority. This key investor information is accurate as at 8 April 2014.

4 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 Optimal Income Fund Sterling Class I Income shares ISIN no. GB00B1H05601 Sterling Class I Accumulation shares ISIN no. GB00B1H05718 Managed by M&G Securities Limited, which is part of the Prudential Group UK K1 OPTI GBP I EN UK Objective and investment policy Objective Income and growth. Investment policy At least 50% of investment will be in fixed income securities [investments which provide a certain level of income or interest] which are issued by companies. The Fund may also invest in, but is not limited to, the following: other funds; company shares; cash; derivatives (which may be used for hedging purposes). The fund manager has invested or intends to invest more than 35% of the portfolio in securities issued by one or more of the governments of the UK and the USA. Such an investment is in the pursuit of the fund objective. The fund manager s view is subject to change and as a result the list of governments above may also change, provided they are permitted in the Fund s full Prospectus. [Derivatives are financial instruments whose value is linked to the expected future price movements of an underlying asset.] You can buy and sell shares in the Fund on any business day. Provided we receive your instruction before 12 noon, shares will be bought at that day s price. This Fund allows the fund manager to make discretionary choices when deciding which investments should be held in the Fund. If you hold income shares, any income from the Fund may be paid out to you. If you hold accumulation shares, any income from the Fund will be rolled up into the value of your investment. In addition to the charges set out in the charges section, the Fund will incur portfolio transaction costs which are paid from the assets of the Fund. These tend to be higher when investing outside Europe. Risk and reward profile Low risk Typically lower rewards High risk Typically higher rewards The above risk number is based on the rate at which the value of the Fund has moved up and down in the past. This risk number is based on 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. Derivatives The Fund may use derivatives for the purposes of meeting the Fund s objective, and protecting the capital value from risk. The Fund may also use derivatives to generate exposure to investments exceeding the net asset value of the Fund. This will expose the Fund to a higher degree of risk and may cause your investment to experience larger than average price fluctuations. The Fund may take short positions through the use of derivatives which are not backed by equivalent physical assets. Short positions reflect an investment view that the price of the underlying asset is expected to fall in value. Accordingly, if this view is incorrect and the asset rises in value, the short position could involve greater risk due to the theoretical possibility of an unlimited rise in its value. Some derivative transactions may be entered into directly with an eligible person or institution (a counterparty ). There is a risk that the counterparty may not meet its obligations or becomes insolvent which could cause the Fund to incur a loss. Fixed income securities Changes in the interest rate will affect the value of, and the interest earned from, the fixed income securities held by the Fund. When interest rates rise, the capital value of the Fund is likely to fall and vice versa. The value of the Fund will fall if the issuer of a fixed income security held is unable to pay income payments or repay its debt (known as a default). A default, expected default or downgrading will make a fixed income security harder to sell as its value and income are likely to fall. Fixed income securities that pay a higher level of income usually have a lower credit rating because of the increased risk of default. The higher the rating the less likely it is that the issuer will default, but ratings are subject to change. Liquidity In difficult market conditions the value of certain fund investments may be less predictable than normal. In some cases this may make such investments harder to sell at the last quoted market price, or at a price considered to be fair. Such conditions could result in unpredictable changes in the value of your holding. 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.

5 Charges The charges shown in the table are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge 1.00% Exit charge 0.00% This is the maximum that might be taken out of your money before it is invested. Charges taken from the Fund over a year Ongoing charge 0.91% Charges taken from the Fund under certain specific conditions Performance fee None The entry and exit charges shown are the maximum figures and, in some cases, you may pay less. You can find out the specific charges which apply to your investment by contacting your financial adviser, distributor, or by contacting us using the details given in the practical information section. The ongoing charge is based on expenses for the year ending 30 September This figure may vary from year to year. It excludes performance fees and portfolio transaction costs (except in the case of an entry / exit charge paid by the Fund when buying and selling shares in another fund). Past performance % (10.0) 2.7 (4.0) 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 8 December The Sterling Class I Accumulation share class and Sterling Class I Income share class launched on 8 December Past performance is calculated using Sterling Class I Income shares. 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 OPTI GBP I EN UK This Fund is authorised in the UK and regulated by the Financial Conduct Authority. M&G Securities Limited is authorised in the UK and regulated by the Financial Conduct Authority. This key investor information is accurate as at 6 June 2014.

6 Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Old Mutual UK Mid Cap Fund R (GBP) Accumulation Shares (GB00B1XG9482) A sub-fund of Old Mutual Investment Funds Series I. The Authorised Corporate Director that manages the Fund is Old Mutual Fund Managers Limited. Objectives and investment policy Objective: Capital growth by investing primarily in shares (i.e. equities) and similar investments of medium-sized companies listed or located in the UK. Policy: The Fund will invest in UK company shares and similar investments. The Fund will typically invest at least 80% in mediumsized UK companies. Medium sized companies are defined as those that are no larger than the largest company in the FTSE Mid 250 Index at the time of investment. The Fund is managed having regard to the FTSE 250 Ex Investment Trusts Index; however the Fund does not track the index. Treatment of income: income from investments will be retained within the Fund. This will increase the value of your shares. Dealing: you can buy and sell shares on any working day in London. Recommendation: the Fund may not be appropriate for investors who plan to withdraw their money within 5 years. For full investment objectives and policy details please refer to the "Investment Objective and Policy" section of Appendix I to the prospectus. Risk and reward profile The Risk and Reward Indicator table demonstrates where the Fund ranks in terms of its potential risk and reward. The higher the rank the greater the potential reward but the greater the risk of losing money. It is based on past data, may change over time and may not be a reliable indication of the future risk profile of the Fund. The shaded area in the table below shows the Fund s ranking on the Risk and Reward Indicator. Typically lower rewards, lower risk Typically higher rewards, higher risk Funds in category 6 have in the past shown relatively high volatility. With a fund of category 6, you have a relatively high risk of losing money but your chance for gains is also relatively high. The category shown is not a target or guarantee and may shift over time. Even the lowest category 1 does not mean a risk-free investment. The seven-category scale is nonlinear, for example, 2 is not twice as risky as 1. Investment risk - There is no guarantee that the Fund will achieve its objective. Geographic Concentration risk - a fall in the UK market may have a significant impact on the value of the Fund because it primarily invests in this market. Currency risk - the Fund is denominated in British Pounds but may hold assets denominated in, or with exposure to, other currencies. The value of your shares may rise and fall as a result of exchange rate movements between these currencies. Capital erosion risk - The Fund takes its charges from the income of the Fund in the first instance. The impact of Fund charges may be material on the value of any income you receive from your investment. There is potential for capital erosion if insufficient income is generated by the Fund to cover these charges. For a more detailed explanation of risks, please refer to the "Risks" section of the prospectus. Page 1 of 2.

7 Charges The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge 0.00% Exit charge 0.00% These are the maximum charges that we might take out of your money before it is invested and before we pay out the sale proceeds of your investment. In some cases, you might pay less and you should speak to your financial adviser about this. The ongoing charges figure is based on the last year s expenses and may vary from year to year. It excludes the costs of buying or selling assets for the Fund (unless these assets are shares of another fund). The ongoing charges figure has been calculated as at 31 December For more information about charges please refer to the "Fees and Expenses" section of the prospectus. Charges taken from the Fund over a year Ongoing charges 0.92% Charges taken from the Fund under specific conditions Performance fee NONE Past performance % You should be aware that past performance is not a guide to future performance. Fund launch date: 22/02/2002. Share/unit class launch date: 18/05/2012. Performance is calculated in GBP. All charges and fees, except any entry charge, have been included within the performance. * FTSE 250 Index (ex IT) Fund 38.4 Index * 34.9 Source: FE 2014 Practical information The Depositary is National Westminster Bank Plc. Old Mutual UK Mid Cap Fund is a sub-fund of Old Mutual Investment Funds Series I. The assets and liabilities of each Fund are segregated from other sub-funds although it is not yet known whether a foreign court would give effect to segregated liability under a foreign law contract and so this is not certain in every circumstance. Further information about the UCITS, copies of its prospectus, annual and half-yearly reports may be obtained, for the entire UCITS, free of charge in English from the Investor Services Team at Old Mutual Fund Managers Limited, FREEPOST RRYH-XTSY-HEZH, PO Box 10278, Chelmsford, CM99 2AR or visit The latest share prices are available from the Investor Services Team during normal business hours and will be published daily at www. omglobalinvestors.com. You may switch your shares to the shares of another sub-fund. For further details, and any associated charges see the "Purchase, Redemption and Switching" section of the prospectus. This Fund is subject to tax laws and regulations of the United Kingdom. Depending on your home country of residence, this might have an impact on your personal tax position. For further details, please speak to your adviser. Old Mutual Fund Managers Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the UCITS. This Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority. Old Mutual Fund Managers Limited is authorised in the United Kingdom and regulated by the Financial Conduct Authority. This Key Investor Information is accurate as at 06/02/2014. A3I7 Page 2 of 2.

8 Key Investor Information This document provides you with key investor information about this Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Fund. You are advised to read it so you can make an informed decision about whether to invest. JPM Emerging Markets Fund B - Net Accumulation a Share Class of JPM Emerging Markets Fund a Fund of JPMorgan Fund ICVC ISIN GB00B1YX4S73 The Authorised Corporate Director ("ACD") is JPMorgan Funds Limited Objective and Investment Policy Investment Objective: To provide long term capital growth by investing primarily in equity and equity-linked securities of emerging markets companies. Investment Policy: Emerging markets companies are companies that are incorporated under the laws of, and have their registered office in, an emerging market country, or that derive the predominant part of their economic activity from emerging market countries, even if listed elsewhere. Smaller companies may be held on an ancillary basis. Other instruments as permitted in the stated investment and borrowing powers of the Company including, but not limited to, fixed interest securities, cash and cash equivalents may be held on an ancillary basis, as appropriate. Redemption and Dealing: Shares of the Fund may be redeemed on demand, with dealing normally on a daily basis. Management Discretion: The Investment Adviser has the discretion to buy and sell investments on behalf of the Fund within the limits of the Objective and Investment Policy. Benchmark: The benchmark of the Fund is MSCI Emerging Markets Index (Net). The benchmark is a point of reference against which the performance of the Fund may be measured. The Fund may bear little resemblance to its benchmark. Distribution Policy: This Share Class will reinvest income. Recommendation: The Fund may not be appropriate for investors who plan to withdraw their money within five years. For an explanation of some of the terms used in this document, please visit the glossary on our website at Risk and Reward Profile Lower risk Potentially lower reward Higher risk Potentially higher reward The above rating is based on the historic volatility of the Net Asset Value of the Share Class over the last five years and may not be a reliable indication of the future risk profile of the Share Class. The risk and reward category shown above is not guaranteed to remain unchanged and may change over time. A Share Class with the lowest risk rating does not mean a risk-free investment. Why is this Share Class in this category? This Share Class is classified in category 6 because its Net Asset Value has shown high fluctuations historically. Other material risks: u The value of your investment may fall as well as rise and you may get back less than you originally invested. u u u u The value of equity and equity-linked securities may fluctuate in response to the performance of individual companies and general market conditions. Emerging markets may be subject to increased political, regulatory and economic instability, less developed custody and settlement practices, poor transparency and greater financial risks. Emerging market currencies may be subject to volatile price movements. Emerging market securities may also be subject to higher volatility and be more difficult to sell than non-emerging market securities. Movements in currency exchange rates can adversely affect the return of your investment. Further information about risks can be found in "Part 11: Risk Warnings" of the Prospectus.

9 Charges One-off charges taken before or after you invest Entry charge None Exit charge None This is the maximum that might be taken out of your money before it is invested or before the proceeds of your investment are paid out. Charges taken from this Share Class over a year Ongoing charge 1.18% Charges taken from this Share Class under certain specific conditions Performance fee: None u The actual entry and exit charges paid may be less. Information on charges can be obtained from the investor's financial adviser. u The Prospectus permits a fee to be charged for switching between Funds but this fee is currently waived by the Authorised Corporate Director. u The ongoing charge is based on the last year's expenses (excluding performance fees) ending 31 December u Charges are used to pay the costs of running this Share Class. These charges reduce the potential growth of the investment. u Further information about charges can be found in "Part 5: Charges and Expenses" section of the Prospectus. Past Performance % JPM Emerging Markets Fund B - Net Accumulation (GB00B1YX4S73) Benchmark u Past performance is not a guide to future performance. u Performance data has been calculated including tax, ongoing charges and portfolio transaction costs and excluding entry and exit charges, in GBP. u Fund launch date: u Share Class launch date: Practical Information Depositary: The fund depositary is National Westminster Bank Plc. Further Information: A copy of the Prospectus and latest annual and semi-annual financial report in English can be downloaded or ordered online from or are available free of charge upon request from our UK-based Investor Services Team on (or if calling from outside the UK) or by writing to J.P. Morgan Asset Management, Client Administration Centre, 60 Victoria Embankment, London EC4Y 0JP. Share prices can be obtained online at or by telephoning (or if calling from outside the UK). Share prices of Class A and E Shares are published daily in the Financial Times. Please note if you call J.P. Morgan Asset Management, calls may be recorded and monitored for security and training purposes. Tax: The Fund is subject to UK tax regulations. This may have an impact on an investor's personal tax position. Legal Information: JPMorgan Funds Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus. JPMorgan Fund ICVC consists of separate Funds, each of which issues one or more Share Classes. This document is prepared for a specific Share Class. The Prospectus and annual and semiannual financial reports are prepared for JPMorgan Fund ICVC. The Fund is part of JPMorgan Fund ICVC. The assets and liabilities of each fund in JPMorgan Fund ICVC are segregated by law. This means that the assets of the Fund belong exclusively to the Fund and will not be used to pay the liabilities of any other person or body, including JPMorgan Fund ICVC or any other Fund within JPMorgan Fund ICVC. Switching and Conversion: Investors may switch into Shares of another Fund of JPMorgan Fund ICVC or convert Shares in one Class in a Fund to Shares of another Class in the same Fund subject to meeting any relevant eligibility requirements and minimum holding amounts. Further information can be found in "section Switching and Conversion of Shares" of the Prospectus. This Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority (FCA). JPMorgan Funds Limited is authorised in the United Kingdom and regulated by the FCA. This Key Investor Information is accurate as at 18/03/2014.

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

11 Charges The charges shown in the table are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge 1.00% Exit charge 0.00% This is the maximum that might be taken out of your money before it is invested. Charges taken from the Fund over a year Ongoing charge 1.01% 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 July This figure may vary from year to year. It excludes performance fees and portfolio transaction costs (except in the case of an entry / exit charge paid by the Fund when buying and selling shares in another fund). Past performance % (10.0) (20.0) (30.0) 25.1 (18.1) 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 5 February The Sterling Class I Accumulation share class and Sterling Class I Income share class launched on 5 February Past performance is calculated using Sterling Class I Income shares (1.3) Fund For more information on charges, please refer to the relevant sections of the Prospectus which can be found by visiting UK K1 GEMS GBP I EN UK Practical information The depositary is National Westminster Bank plc. For further information about this Fund, please visit where you can obtain a copy of the Prospectus, Instrument of Incorporation, and latest annual or interim Investment Report and Financial Statements in English, free of charge. Our website also provides other information not contained in the above documents such as share prices. This Fund is subject to UK tax laws, which may have an impact on your personal tax position. Please speak to an adviser for further information. M&G Securities Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus for the Fund. The Fund is a sub-fund of M&G Investment Funds (7), an umbrella Open Ended Investment Company (OEIC). The Prospectus, and annual or interim Investment Report and Financial Statements contain information about all of the sub-funds in M&G Investment Funds (7). The assets of each sub-fund within the umbrella OEIC are segregated by law. This means that the assets belong exclusively to that sub-fund and shall not be used or made available to pay the debts of any other sub-fund or the umbrella OEIC. You may switch between other sub-funds of M&G Investment Funds (7). An entry charge may apply. Details on switching are provided in the Important Information for Investors document and the Fund s Prospectus, or by calling M&G Customer Relations on Other share classes may exist for the Fund as set out in the relevant Prospectus. This Fund is authorised in the UK and regulated by the Financial Conduct Authority. M&G Securities Limited is authorised in the UK and regulated by the Financial Conduct Authority. This key investor information is accurate as at 14 February 2014.

12 SPECIAL SITUATIONS FUND KEY INVESTOR INFORMATION DOCUMENT Objectives and Investment Policy This document provides you with key investor information about this Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Fund. You are advised to read it so you can make an informed decision about whether to invest. Liontrust Special Situations Fund is an Authorised Unit Trust and categorised as a UCITS scheme. This document is based upon retail class units (R Class) (ISIN: GB00B0N6YF70) and institutional class units (I Class) (ISIN: GB00B57H4F11). This Fund is managed by Liontrust Fund Partners LLP, a subsidiary of Liontrust Asset Management PLC. Objective: Capital growth Policy: The Fund invests at least 80% in securities of companies traded on the UK stock exchange. The Fund is not restricted in choice of investment in terms of company size or sector. You may buy or sell units on a daily basis (but not weekends or Bank Holidays). Orders are executed at noon. Income arising from the Fund s investments may either be paid to you or reinvested in the Fund. More Information: The selection of the Fund s assets is determined by the following expectations: Companies which are expected to demonstrate special characteristics which are distinct and difficult to replicate by their competitors. Special characteristics may be determined by companies demonstrating: protected intellectual property rights strong distribution networks high levels of recurring income Companies which are likely to survive a downturn but prosper when the market turns. Highly profitable companies which are expected to be re-rated by the market. The portfolio will comprise both growth and value companies as appropriate. The minimum recommended holding period of the Fund is at least 5 years. Further details may be found in the prospectus and information on the investment process may be found at FundRange Risk and Reward Profile Lower Risk Typically lower rewards Higher Risk Typically higher rewards The indicator is based upon historical data and may not be relied upon to gauge the future risk profile of the Fund. The risk and reward indicator shown is not guaranteed and may shift over time. The lowest category (1) does not mean risk free. The Fund s risk and reward category has been calculated using the methodology set by the European Commission. It is based upon the rate by which the Fund s value has moved up and down in the past. The Fund is categorised 5 primarily for its exposure to securities (equity) of larger and smaller UK companies. The risk and reward indicator does not take into account the following Fund risks: That a company may fail thus reducing its value within the Fund. Any company which has high overseas earnings may carry a higher currency risk as for valuation purposes, local receipts may require conversion into the currency of the Fund, which is pounds sterling. The Fund will comprise both growth and value companies as appropriate. The Fund may, under certain circumstances, make use of derivative instruments but it is not intended that their use will materially affect volatility.

13 SPECIAL SITUATIONS FUND Charges for this Fund The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge (R) 5% (I) 0% 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 the year Ongoing charges (R) 1.88% (I) 0.88% Charges taken from the Fund under certain specific circumstances 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 year ending 30 November 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. For more information about charges, please see clause 25 of the Fund s prospectus, which is available electronically at Performance fee None Past Performance Past performance is not a guide to future performance. All charges, except the entry charge, have been included in the performance calculations. The Fund was launched on 10 November 2005, the I Class was launched on 1 November Performance has been calculated in the currency of the Fund which is pounds sterling. Past performance has been calculated on the basis that any distributable income of the Fund has been reinvested. 50% 40% 30% 20% 10% 0% -10% -20% -30% -40% 22.1% 0.2% -25.9% 41.2% 36.1% 23.6% 21.2% 22.4% 20.0% 9.6% 7.5% Liontrust Special Situations Fund (R) Liontrust Special Situations Fund (I) Practical Information Authorisation Trustee Further Information Taxation Fund Prices and other information This Fund is authorised in the UK and regulated by the Financial Conduct Authority The Fund s Trustee is State Street Trustees Limited Copies of the Fund s prospectus and the latest annual and half-yearly Fund reports, which are the primary source of additional information, are available, without charge, from Liontrust Fund Partners LLP, 2 Savoy Court, London WC2R 0EZ. They are also available electronically at UK tax legislation may have an impact upon your own personal tax position The Fund s last published price is available from Liontrust Fund Partners LLP at or by writing to us at 2 Savoy Court, London WC2R 0EZ or by telephoning during business hours (9.00am 5.30pm) R & I classes are the representative unit classes. A class Fund units are also available as described in the prospectus Liontrust Fund Partners LLP may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the Fund. This Key Investor Information is accurate as at 31 January 2014.

14 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. NEWTON UK EQUITY FUND INSTITUTIONAL SHARES W (NET ACCUMULATION) (ISIN: GB00B6X4W596) A SUB-FUND OF BNY MELLON INVESTMENT FUNDS THIS FUND IS MANAGED BY BNY MELLON FUND MANAGERS LIMITED OBJECTIVES AND INVESTMENT POLICY OBJECTIVE A total return comprised of long-term capital growth and income by investing in shares (i.e. equities) and similar investments of companies listed or located in the UK. POLICY The Fund will: invest in the UK; invest in company shares and similar investments; invest in companies of all sizes (e.g. small, medium and large companies) and in any industry (e.g. pharmaceuticals, financials, etc); typically invest in fewer than 70 company shares; and limit investment in other collective investment schemes to 10%. The Fund may: invest up to 20% outside of the UK; and RISK AND REWARD PROFILE Lower risk Potentially lower reward Higher risk Potentially higher reward We have calculated the risk and reward category, as shown above, using a method of calculation derived from EU rules. It is based on the rates at which Funds of this type have moved up and down in the past (i.e. volatility) and is not a guide to the future risk and reward category of the Fund. The category shown is not a target or guarantee and may shift over time. Even the lowest category 1 does not mean a risk-free investment. Funds in category 6 have in the past shown relatively high volatility. With a fund of category 6, you have a relatively high risk of losing money but your chance for gains is also relatively high. THE FOLLOWING RISKS MAY NOT BE FULLY CAPTURED BY THE RISK AND REWARD INDICATOR: There is no guarantee that the Fund will achieve its objective. invest in derivatives (i.e. financial contracts whose value is linked to the expected price movements of an underlying investment) with the aim of reducing the overall costs and/ or risks of the Fund. Recommendation: the Fund may not be appropriate for investors who plan to withdraw their money within five years. Treatment of income: income from investments will be retained within the Fund. This will increase the value of your shares. Dealing: you can buy and sell your shares in the Fund between 9:00 and 17:00 (UK time) on each working day in the UK. Instructions received before 12:00 will receive the price quoted on that day. The minimum initial investment for this share class is 10,000,000. This Fund invests in international markets which means it is exposed to changes in currency rates which could affect the value of the Fund. A fall in the UK market may have a significant impact on the value of the Fund because it primarily invests in this market. The Fund may use derivatives to reduce costs and/or the overall risk of the Fund (i.e. Efficient Portfolio Management (EPM)). Derivatives involve a level of risk, however, for EPM, they should not increase the overall riskiness of the Fund. The Fund may invest in small companies which may be riskier and less liquid (i.e. harder to sell) than large companies. This means that their share prices may have greater fluctuations. A fall in the value of a single investment may have a significant impact on the value of the Fund because it typically invests in a limited number of investments. The Fund takes its charges from the capital of the Fund. Investors should be aware that there is potential for capital erosion if insufficient capital growth is achieved by the Fund to cover the charges. Capital erosion may have the effect of reducing the level of income generated. A complete description of risk factors is set out in the Prospectus in the section entitled "Risk Factors". BNY MELLON INVESTMENT FUNDS

15 CHARGES The charges cover the costs of running the Fund, including the costs of marketing and selling. These charges reduce the potential growth of your investment. ONE-OFF CHARGES TAKEN BEFORE OR AFTER YOU INVEST Entry charge 0.00% Exit charge None This is the maximum that might be taken out of your money before it is invested and before the proceeds of your investment are paid out. CHARGES TAKEN FROM THE FUND OVER A YEAR Ongoing charge 0.79% CHARGES TAKEN FROM THE FUND UNDER CERTAIN SPECIFIC CONDITIONS Performance fee None PAST PERFORMANCE % Newton UK Equity Fund Institutional Shares W (Net Accumulation) (GB00B6X4W596) The ongoing charge is based on expenses calculated on 31st December This may vary from year to year. It excludes performance fees and portfolio transaction costs, except in the case of an entry/exit charge paid when buying or selling units in another mutual fund. More information about charges is available in the Prospectus. The chart includes all charges except entry charges. Fund launch date - 1 May Share class launch date - 5 September Performance of this share class is calculated in sterling. Past performance is not a guide to future performance Fund % 18.5 PRACTICAL INFORMATION Documents: The Fund is a sub-fund of BNY Mellon Investment Funds ("BNY MIF"), an umbrella open-ended investment company (OEIC). Copies of the Prospectus, annual and semi-annual reports for BNY MIF may be obtained free of charge from or from BNY Mellon Investment Management EMEA Limited, BNY Mellon Centre, 160 Queen Victoria Street, London EC4V 4LA. These documents are available in English and certain other languages. Share price: The latest share price and other information, including how to buy or sell shares, are available from the website and address given above. Other share classes are offered by the Fund as set out in the Prospectus. Switching: Investors may switch shares in the Fund for shares in other sub-funds of BNY MIF provided they satisfy the criteria applicable to investment in other sub-funds. Further information on switching is contained in the Prospectus. Each sub-fund of the umbrella OEIC is normally responsible for meeting its own debts. However, the sub-funds are not segregated by law. This means that if one sub-fund in the umbrella is unable to pay its debts the other sub-funds in the umbrella could be responsible for them. Liability statement: BNY Mellon 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. Depositary: National Westminster Bank plc. Tax: The tax legislation of the Fund's domicile may have an impact on your personal tax position. For further details, please speak to an adviser. This Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority. BNY Mellon Fund Managers Limited is authorised in the United Kingdom and regulated by the Financial Conduct Authority. This key investor information is accurate as at 7 February 2014.

16 Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Fidelity South-East Asia Fund a sub-fund of Fidelity Investment Funds W Accumulation Shares (ISIN: GB00B6Y7NF43) This fund is managed by FIL Investment Services (UK) Limited Objectives and Investment Policy Aims to provide long-term capital growth. Invests in shares of companies throughout the Pacific Basin, but excluding Japan. The portfolio is likely to have a bias towards larger companies. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment. Risk and Reward Profile Lower risk Typically lower rewards Higher risk Typically higher rewards The risk category was calculated using historical performance data. The risk category may not be a reliable indication of the future risk profile of the fund, is not guaranteed and may change over time. The lowest category does not mean a "risk free" investment. The risk and reward profile is classified by the level of historical fluctuation of the Net Asset Values of the share class, and within this classification, categories 1-2 indicate a low level of historical fluctuations, 3-5 a medium level and 6-7 a high level. The value of your investment may fall as well as rise and you may get back less than you originally invested. Movements in currency exchange rates can adversely affect the return of your investment. The currency hedging may be used to minimise the effect of this but may not always be successful. The use of financial derivative instruments may result in increased gains or losses within the fund. Liquidity is a measure of how easily an investment can be converted into cash. Under certain market conditions assets may be more difficult to sell. Emerging markets may be more volatile and it could be harder to sell or trade securities. There may be less supervision, regulation and less well-defined procedures than in more developed countries. Emerging markets can be sensitive to political instability, which can result in greater volatility and uncertainty, subjecting the fund to the risk of losses.

17 Key Investor Information Fidelity South-East Asia Fund Charges for this fund (ISIN: GB00B6Y7NF43) The charges you pay are used to pay the costs of running the fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge N/A Exit charge N/A This is the maximum that might be taken out of your money before it is invested or before the proceeds of your investment are paid out. Charges taken from the fund over a year Ongoing charges 0.95% Charges taken from the fund under certain specific conditions Performance fee N/A The 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 28/02/2013. This figure may vary from year to year. It excludes: performance fees (where applicable); portfolio transaction costs, except in the case of an entry/exit charge paid by the fund when buying or selling units in another collective investment undertaking. For more information about charges, please consult the charges section in the most recent Prospectus. Past Performance 4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% Past performance is not a guide to future performance results. If any, the past performance shown takes into account all ongoing charges with exception of any applicable entry/exit charges. The fund was launched on 13/10/1984. This class was launched on 15/10/2012. Past performance has been calculated in GBP. 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. 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 segregated by law and with that assets of this sub-fund will not 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 sub-fund. Details on switching rules can be found in the Prospectus. Country in which this fund is authorised: United Kingdom. The Supervisory Authority is: Financial Conduct Authority. Country in which FIL Investment Services (UK) Limited is authorised: United Kingdom. The Supervisory Authority is: Financial Conduct Authority. This key investor information is accurate as at 07/05/2014.

18 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 UK Select Opportunities Fund Unit class: AXA Framlington UK Select Opportunities Fund ZI Accumulation GBP (ISIN: GB00B7FD4C20) This Fund is managed by AXA Investment Managers UK Limited, part of the AXA IM Group Unit class ZI Accumulation GBP (GB00B7FD4C20) is representative for Unit class ZI Income GBP (GB00B703ZS07) Objective and Investment Policy Investment Objective The aim of the Fund is achieve capital growth. Investment Policy The Fund will ordinarily invest at least 80% of its assets in companies, primarily of UK origin, where the Manager believes above returns can be realised. 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. The risk category shown is not guaranteed and may shift over time. The lowest category does not mean risk free. 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 units in the Fund must be received by the Administrator by 12 noon on any working day, to receive that days 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 subscription: 100,000 Minimum additional subscription: 5,000 Minimum holding: 100,000 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. Additional Risks Liquidity Risk: Risk of low liquidity level in certain market conditions that might lead the Fund to face difficulties valuating, purchasing or selling all/part of its assets and resulting in potential impact on its net asset value.

19 Key Investor Information AXA Framlington UK Select Opportunities 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 none Exit charge none This is the maximum that might be taken out of your money before it is invested. Charges taken from the fund over a year Ongoing charge 0.83% 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 % AXA Framlington UK Select Opportunities Fund ZI Accumulation GBP (GB00B7FD4C20) Past performance is not a reliable indicator of future results. Past performance is shown after the deduction of ongoing charges. Any entry/exit fees are excluded from the calculation. The Fund was launched on 31/01/1969 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 class Information: Unit class ZI Accumulation GBP (GB00B7FD4C20) is representative for Unit class ZI Income GBP (GB00B703ZS07). 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. Switching between Funds: unitholders may apply for their units to be converted into units of another Fund, provided that the conditions for accessing the target units are fulfilled. Investment would be at the Net Asset Value of the target fund, calculated on the Valuation Day following receipt of the conversion request. The redemption and subscription costs connected with the conversion may be charged to the unitholder as indicated in the prospectus. For more details about how to switch Fund, please refer to the section in the Fund's prospectus entitled "Can I switch units and what are the implications?", which is available at This Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority (FCA). AXA Investment Managers UK Limited is authorised in the United Kingdom and regulated by the Financial Conduct Authority. This key investor information is accurate as at 19/02/2014.

20 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. Franklin UK Smaller Companies Fund Class W(acc) ISIN GB00B7FFF708 A sub-fund of Franklin Templeton Funds The management company is Franklin Templeton Fund Management Limited Objectives and Investment Policy Franklin UK Smaller Companies Fund (the "Fund ) aims to increase the value of its investments by more than the return of the Numis Smaller Companies ex-investment Trusts Index over the medium to long term (meaning 3-5 years). Capital in the Fund is at risk and there is no guarantee that the objective will be achieved over that, or any, time period. The Fund invests mainly in: equity securities from smaller UK-listed companies that have a market value no greater than the largest company in the HGSC Index and are traded on markets regulated by a government body. The Fund can invest to a lesser extent in: equity securities of smaller companies listed outside the UK Using detailed fundamental company research the investment management team aim to invest in a diversified portfolio of small UK companies that in their view offer the potential for attractive rates of earnings growth irrespective of economic conditions. You may request the sale of your shares on any UK business day. For the accumulation share class shown in this document, dividend income is reinvested in the Fund. For further information on the Objectives and Investment Policy of the Fund, please refer to the Investment Objectives and Policies of the Funds section of the current prospectus of Franklin Templeton Funds. Terms to Understand Equity securities: Securities that represent an ownership stake in a company. Risk and Reward Profile Lower risk Potentially lower rewards Higher risk Potentially higher rewards What does this indicator mean and what are its limits? This indicator is designed to provide you with a measure of the price movement of this share class based on historical behavior. Historical data may not be a reliable indication of the future risk profile of the Fund. The category shown is not guaranteed to remain unchanged and may shift over time. The lowest category does not mean risk free. As the share class has no sufficient historical data available, simulated data based on a representative portfolio model or benchmark have been used instead. Why is the Fund in this specific category? The Fund invests mainly in equity securities of smaller UK companies that are no larger that the largest company in the Numis Smaller Companies ex-investment Trusts Index. Such securities have historically been subject to price movements, sometimes to a greater extent than securities of larger UK companies, due to company-specific factors or movements in the UK equity markets generally. As a result, the performance of the Fund can fluctuate significantly over relatively short time periods. Risks materially relevant not adequately captured by the indicator: Liquidity risk: the risk that arises when adverse market conditions affect the ability to sell assets when necessary. Reduced liquidity may have a negative impact on the price of the assets. For a full discussion of all the risks applicable to this Fund, please refer to the Risk Factors section of the current prospectus of Franklin Templeton Funds. 1/2

21 Franklin UK Smaller Companies Fund Charges The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge Exit charge Not applicable* Not applicable *This share class is only available through certain financial advisers which may apply their own charges. You may find more information about charges from your financial adviser. The ongoing charges are based on the expenses for the year ending 31 December This figure may vary from year to year. For detailed information about charges, please refer to the Fees and Charges section of the current prospectus of Franklin Templeton Funds. This is the maximum that might be taken out of your money before it is invested. Charges taken from the Fund over a year Ongoing charges 0.93% Charges taken from the Fund under certain specific conditions Performance fee Not applicable Past Performance 70.0% 35.0% 0.0% -35.0% -70.0% Past performance is not a guide to future performance. The past performance shown here includes all the ongoing charges. Past performance is calculated in GBP The Fund was launched in 2011 and the present share class on 31/05/2012. Franklin UK Smaller Companies Fund Class W(acc) Numis Smaller Companies ex-investment Trusts Index (This benchmark is provided for information and indicative purposes only.) The Franklin UK Smaller Companies Fund was launched on 17/10/11 to receive the assets of Rensburg UK Smaller Companies Trust. Past performance from the start of the performance chart has been simulated and is based on mid-price of the Trust and from 17/10/11 up to the launch date of the share class has been simulated by taking the performance of another existing share class of the Fund, which does not differ materially in the extent of its participation in the assets of the Fund. Practical Information The Depositary of Franklin Templeton Funds is BNY Mellon Trust & Depositary (UK) Limited. You can obtain further information about the Fund, copies of its prospectus and the latest annual and semi-annual reports of Franklin Templeton Funds from the website or free of charge from Franklin Templeton Fund Management Limited, The Adelphi, 1 11 John Adam Street, London WC2N 6HT or your financial adviser. These documents are each available in English. The latest prices and other practical information on the Fund (including information about the other share classes of the Fund) are available from Franklin Templeton Fund Management Limited, The Adelphi, 1 11 John Adam Street, London WC2N 6HT or Please note that the United Kingdom taxation regime may have an impact on your personal tax position. Please consult your financial or tax adviser before deciding to invest. Franklin Templeton Fund Management Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus of the Fund. The present Fund is a sub-fund of Franklin Templeton Funds. The prospectus and the annual and semi-annual reports refer to all sub-funds of Franklin Templeton Funds. All Funds of Franklin Templeton Funds have segregated assets and liabilities. As a result, each Fund is operated independently from each other. You may exchange shares with another sub-fund of Franklin Templeton Funds as further described in the prospectus. This Fund is authorised in the United Kingdom and is regulated by the Financial Conduct Authority. Franklin Templeton Fund Management Limited is authorised in the United Kingdom and is regulated by the Financial Conduct Authority. This key investor information is accurate as at 30/05/2014. KII-GB00B7FFF708-GB-en-GB /2

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

23 Schroder Unit Trusts Limited Schroder US Mid Cap Fund Charges One-off charges taken before or after you invest Entry charge None Exit charge None This is the maximum that might be taken out of your money before it is invested. Charges taken from the fund over a year Ongoing Charge 0.91% Charges taken from the fund under certain specific conditions Performance fee None The charges you pay are used to pay the costs of running the fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. The entry and exit charges shown are maximum figures and in some cases you might pay less. You can find out the actual entry and exit charges from your financial advisor. The ongoing charges figure is based on the last year's expenses for the year ending December 2013 and may vary from year to year. Please see the prospectus for more details about the charges. Past Performance % Z Accumulation (GB00B7LDLV43) Russell 2500 TR Lagged GBP Performance shown during this period predates the launch of this unit class and has been simulated using the history of a similar unit class within the fund. Past performance is not a guide to future performance and may not be repeated. The value of investments may go down as well as up and you may not get back the amount you originally invested. The chart shows performance in British pound after the ongoing charges and the portfolio transaction costs have been paid. Entry and exit charges are excluded from calculations of past performance. The fund was launched on 1 June Practical Information Trustee: J. P. Morgan Trustee and Depositary Company Ltd. Further Information: You can get further information about this fund, including the prospectus, latest annual report, any subsequent half-yearly reports and the latest price of units from and from Schroder Investments Limited, PO Box 1102, Chelmsford, Essex, CM99 2XX, England, telephone They are in English, free of charge. Tax Legislation: The fund is subject to tax in the United Kingdom, which may have an impact on your personal tax position as an investor. Liability: Schroder Unit Trusts Ltd may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the fund's prospectus. Switches: Subject to conditions, you may apply to switch your investment into another unit class within this fund or in another Schroder fund. Please see the prospectus for more details. Glossary: You can find an explanation of some of the terms used in this document at This fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority (FCA). This key investor information is accurate as at 19 February 2014.

24 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 Macro Bond Fund Sterling Class I Income shares ISIN no. GB00B78PH601 Sterling Class I Accumulation shares ISIN no. GB00B78PGS53 Managed by M&G Securities Limited, which is part of the Prudential Group Objective and investment policy Objective Income and growth. Investment policy At least 70% of investment will be in fixed income securities [investments which provide a certain level of income or interest] from anywhere in the world. The fixed income securities invested in include, but are not limited to those that: are issued by governments; are issued by companies; have a variable rate [linked to a particular rate so income payments will rise and fall in line with that rate]. The fund manager has invested or intends to invest more than 35% of the portfolio in securities issued by one or more of the governments of Japan, the UK, and the USA. Such an investment is in the pursuit of the fund objective. The fund manager s view is subject to change and as a result the list of governments above may also change, provided they are permitted in the Fund s full Prospectus. The Fund may use derivatives for investment and hedging purposes. [Derivatives are financial instruments whose value is linked to the expected future price movements of an underlying asset.] You can buy and sell shares in the Fund on any business day. Provided we receive your instruction before 12 noon, shares will be bought at that day s price. This Fund allows the fund manager to make discretionary choices when deciding which investments should be held in the Fund. If you hold income shares, any income from the Fund may be paid out to you. If you hold accumulation shares, any income from the Fund will be rolled up into the value of your investment. In addition to the charges set out in the charges section, the Fund will incur portfolio transaction costs which are paid from the assets of the Fund. These tend to be higher when investing outside Europe. 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. Derivatives The Fund may use derivatives for the purposes of meeting the Fund s objective, and protecting the capital value from risk. Derivatives may also be used in a limited way to generate exposure to investments exceeding the net asset value of the Fund, thereby exposing the Fund to a higher degree of risk. As a result of increased market exposure, the size of any positive or negative movement in markets will have a relatively larger effect on the net asset value of the Fund. The additional exposure will however be limited to such an extent as to not materially increase the price fluctuations of the Fund, in comparison to equivalent funds that do not use derivatives in this way. The Fund may take short positions through the use of derivatives which are not backed by equivalent physical assets. Short positions reflect an investment view that the price of the underlying asset is expected to fall in value. Accordingly, if this view is incorrect and the asset rises in value, the short position could involve greater risk due to the theoretical possibility of an unlimited rise in its value. Some derivative transactions may be entered into directly with an eligible person or institution (a counterparty ). There is a risk that the counterparty may not meet its obligations or becomes insolvent which could cause the Fund to incur a loss. Funds which use currency management strategies may have substantially altered exposures to currency exchange rates. Should these currencies not perform as the fund manager expects, the strategy may have a negative effect on performance UK K1 GLMF GBP I EN UK 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: Fixed income securities The fund manager may use derivatives with the aim of producing a capital gain if interest rates rise. Normally, if interest rates increase, the capital value of fixed income securities fall. However, if the fund manager s view is incorrect and interest rates fall, the Fund will experience a loss. The value of the Fund will fall if the issuer of a fixed income security held is unable to pay income payments or repay its debt (known as a default). A default, expected default or downgrading will make a fixed income security harder to sell as its value and income are likely to fall. Fixed income securities that pay a higher level of income usually have a lower credit rating because of the increased risk of default. The higher the rating the less likely it is that the issuer will default, but ratings are subject to change. Liquidity In difficult market conditions the value of certain fund investments may be less predictable than normal. In some cases this may make such investments harder to sell at the last quoted market price, or at a price considered to be fair. Such conditions could result in unpredictable changes in the value of your holding. 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.

25 Charges The charges shown in the table are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge 1.00% Exit charge 0.00% This is the maximum that might be taken out of your money before it is invested. Charges taken from the Fund over a year Ongoing charge 0.82% Charges taken from the Fund under certain specific conditions Performance fee None The entry and exit charges shown are the maximum figures and, in some cases, you may pay less. You can find out the specific charges which apply to your investment by contacting your financial adviser, distributor, or by contacting us using the details given in the practical information section. The ongoing charge is based on expenses for the year ending 30 April This figure may vary from year to year. It excludes performance fees and portfolio transaction costs (except in the case of an entry / exit charge paid by the Fund when buying and selling shares in another fund). Past performance % (5.0) (2.3) (0.5) Past performance is not a guide to future performance. The past performance calculation does not take into account the entry and exit charges but does take into account the ongoing charge, as shown in the Charges section. The Fund launched on 15 October The Sterling Class I Accumulation share class and Sterling Class I Income share class launched on 16 December Past performance is calculated using Sterling Class I Income shares. 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 GLMF GBP I EN UK This Fund is authorised in the UK and regulated by the Financial Conduct Authority. M&G Securities Limited is authorised in the UK and regulated by the Financial Conduct Authority. This key investor information is accurate as at 6 June 2014.

26 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. Standard Life Investments UK Equity Income Unconstrained Fund, a Sterling denominated sub fund of the Standard Life Investment Company II, Platform 1 Accumulation Shares (ISIN:GB00B79X9673). This fund is managed by Standard Life Investments (Mutual Funds) Limited. Objectives and Investment Policy The fund aims to provide income and some capital growth over the longer term by investing in UK equities. The fund typically holds a concentrated portfolio of stocks and may also hold a proportion in bonds to supplement the income of the fund. The fund is actively managed by our investment team, who will select stocks, without reference to index weight or size, to try to take advantage of opportunities they have identified. Due to the unconstrained nature of the fund investors must be willing to accept a relatively high degree of stock specific risk. Risk and Reward Profile Lower risk Typically lower rewards This indicator reflects the volatility of the fund's share price over the last five years which in turn reflects the volatility of the underlying assets in which the fund invests. Historical data may not be a reliable indication for the future. Where the share class does not have a history of five years, an alternative share class or a representative benchmark has been used to show how the fund price may have behaved over the period. The current rating is not guaranteed and may change if the volatility of the assets in which the fund invests changes. The lowest rating does not mean risk free. The fund is rated as {6} because of the extent to which the following risk factors apply: (a) The fund invests in securities which are subject to the risk that the issuer may default on interest or capital payments. Higher risk Typically higher rewards (b) The fund price can go up or down daily for a variety of reasons including changes in interest rates, inflation expectations or the perceived credit quality of individual countries or securities. The fund may use derivatives to reduce risk or cost or to generate additional capital or income at low risk, or to meet its investment objective. Any income, for example dividend income, received by the fund will be reinvested. Investors in the fund may buy and sell shares on any normal business day. Recommendation: the fund may not be appropriate for investors who plan to withdraw their money within five years. (c) The fund invests in equity and equity related securities. These are sensitive to variations in the stock markets which can be volatile and change substantially in short periods of time. (d) A concentrated portfolio may be more volatile than a more broadly diversified one. (e) The fund's investments are concentrated in the UK. This may result in greater volatility than portfolios which are more geographically diversified. (f) Investing in derivatives carries the risk of substantial loss and / or increased volatility in adverse market conditions. All investment involves risk. This fund offers no guarantee against loss or that the fund's objective will be attained. Past performance is not a guide to future returns and future returns are not guaranteed. The price of shares and the income from them may go down as well as up and cannot be guaranteed; an investor may receive back less than their original investment. Inflation reduces the buying power of your investment and income. The value of assets held in the fund may rise and fall as a result of exchange rate fluctuations. The fund could lose money if an entity (counterparty) with which it does business becomes unwilling or unable to honour its obligations to the fund. In extreme market conditions some securities may become hard to value or sell at a desired price. The fund could lose money as the result of a failure or delay in operational processes.

27 Charges The charges you pay are used to pay the costs of running the fund including marketing and distributing it. These charges reduce the potential growth of your investment. One off charges taken before or after you invest Entry charge: 0.00% Exit charge: 0.00% This is the maximum that might be taken out of your money before it is invested/before the proceeds of your investment are paid out. Charges taken from the fund over a year Ongoing charges: 1.15% Charges taken from the fund under certain specific conditions Performance Fees: None Past Performance Standard Life Investments UK Equity Income Unconstrained Fund, Platform 1 Accumulation Shares, 31 December 2013 % Returns 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 reflects the amount based on expenses for the year ending 31/10/2013. This figure may vary from year to year. It excludes: performance fees (where applicable); portfolio transaction costs, except in the case of an entry/exit charge paid by the fund when buying or selling in another collective investment undertaking. A switching charge may be applied in accordance with the Prospectus. For more information about charges please see Prospectus. For more information about charges, please see the Prospectus which is available at Performance has been calculated over the stated period based on the share price of this share class. Past performance is not a guide to future performance The fund was launched in The share class was launched in The performance of the share class is calculated in Sterling Year Source: Standard Life Investments Practical Information Name of Depositary: Citibank International plc, Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB. Further information about Standard Life Investment Company II (Prospectus, report & accounts) can be found at where documents may be obtained free of charge. Other practical information (e.g. where to find latest share prices) can be found in documents held at Prospective investors should consult their own professional advisers on the potential tax consequences of acquiring, holding or selling shares. Standard Life Investments (Mutual 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 Standard Life Investment Company II. Other share classes are available in the fund and further information about these can be found in the Standard Life Investment Company II Prospectus. Standard Life Investment Company II is an umbrella structure comprising a number of different sub funds, one of which is this fund. This document is specific to the fund and share class stated at the beginning of this document. However, the Prospectus, annual and halfyearly reports are prepared for the entire umbrella. The assets of a sub fund within the umbrella belong exclusively to that sub fund and shall not be used or made available to discharge (directly or indirectly) the liabilities of, or claims against, any other person or body including Standard Life Investment Company II and any other sub fund. Any liability incurred on behalf of or attributable to any sub fund shall be discharged solely out of the assets of that sub fund. Investors may switch their shares in the fund for shares in another sub fund within Standard Life Investment Company II. For further information please refer to the prospectus (section on 'Switching') which can be found at The Standard Life Investment Company II and Standard Life Investments (Mutual Funds) Limited are authorised in the United Kingdom and regulated by the Financial Conduct Authority. This Key Investor Information is accurate at 7/3/2014 Standard Life Investments Limited is registered in Scotland (SC123321) at 1 George Street Edinburgh EH2 2LL and is authorised and regulated by the Financial Conduct Authority. KIID_UQ_32_Acc_N_GBP_GB_EN_

28 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. NEWTON ASIAN INCOME FUND INSTITUTIONAL SHARES W (NET ACCUMULATION) (ISIN: GB00B8KT3V48) A SUB-FUND OF BNY MELLON INVESTMENT FUNDS THIS FUND IS MANAGED BY BNY MELLON FUND MANAGERS LIMITED OBJECTIVES AND INVESTMENT POLICY OBJECTIVE Income and capital growth over the long-term by investing in shares (i.e. equities) and similar investments of companies listed or located in the Asia Pacific region excluding Japan. POLICY The Fund will: invest in the Asia Pacific region, excluding Japan; invest in company shares and similar investments; invest in both developed and emerging Asia Pacific countries; invest in company shares targeting higher than average dividends (dividends are the proportion of company profits paid out to shareholders) and with good prospects for growth; and limit investment in other collective investment schemes to 10%. RISK AND REWARD PROFILE Lower risk Potentially lower reward Higher risk Potentially higher reward We have calculated the risk and reward category, as shown above, using a method of calculation derived from EU rules. It is based on the rates at which Funds of this type have moved up and down in the past (i.e. volatility) and is not a guide to the future risk and reward category of the Fund. The category shown is not a target or guarantee and may shift over time. Even the lowest category 1 does not mean a risk-free investment. Funds in category 5 have in the past shown moderately high volatility. With a fund of category 5, you have a moderately high risk of losing money but your chance for gains is also moderately high. THE FOLLOWING RISKS MAY NOT BE FULLY CAPTURED BY THE RISK AND REWARD INDICATOR: There is no guarantee that the Fund will achieve its objective. The Fund may: invest in derivatives (i.e. financial contracts whose value is linked to the expected price movements of an underlying investment) with the aim of reducing the overall costs and/ or risks of the Fund. Recommendation: the Fund may not be appropriate for investors who plan to withdraw their money within five years. Treatment of income: income from investments will be retained within the Fund. This will increase the value of your shares. Dealing: you can buy and sell your shares in the Fund between 9:00 and 17:00 (UK time) on each working day in the UK. Instructions received before 12:00 will receive the price quoted on that day. The minimum initial investment for this share class is 10,000,000. This Fund invests in international markets which means it is exposed to changes in currency rates which could affect the value of the Fund. A fall in the Asia Pacific markets may have a significant impact on the value of the Fund because it primarily invests in these markets. The Fund may use derivatives to reduce costs and/or the overall risk of the Fund (i.e. Efficient Portfolio Management (EPM)). Derivatives involve a level of risk, however, for EPM, they should not increase the overall riskiness of the Fund. The Fund invests in emerging markets. These markets have additional risks due to less developed market practices. A fall in the value of a single investment may have a significant impact on the value of the Fund because it typically invests in a limited number of investments. The Fund takes its charges from the capital of the Fund. Investors should be aware that there is potential for capital erosion if insufficient capital growth is achieved by the Fund to cover the charges. Capital erosion may have the effect of reducing the level of income generated. A complete description of risk factors is set out in the Prospectus in the section entitled "Risk Factors". BNY MELLON INVESTMENT FUNDS

29 CHARGES The charges cover the costs of running the Fund, including the costs of marketing and selling. These charges reduce the potential growth of your investment. ONE-OFF CHARGES TAKEN BEFORE OR AFTER YOU INVEST Entry charge 0.00% Exit charge None This is the maximum that might be taken out of your money before it is invested and before the proceeds of your investment are paid out. CHARGES TAKEN FROM THE FUND OVER A YEAR Ongoing charge 0.82% CHARGES TAKEN FROM THE FUND UNDER CERTAIN SPECIFIC CONDITIONS Performance fee None PAST PERFORMANCE % Newton Asian Income Fund Institutional Shares W (Net Accumulation) (GB00B8KT3V48) The ongoing charge is based on expenses calculated on 31st December This may vary from year to year. It excludes performance fees and portfolio transaction costs, except in the case of an entry/exit charge paid when buying or selling units in another mutual fund. More information about charges is available in the Prospectus. The chart includes all charges except entry charges. Fund launch date - 30 November Share class launch date - 30 August Performance of this share class is calculated in sterling. Past performance is not a guide to future performance Fund % -0.4 PRACTICAL INFORMATION Documents: The Fund is a sub-fund of BNY Mellon Investment Funds ("BNY MIF"), an umbrella open-ended investment company (OEIC). Copies of the Prospectus, annual and semi-annual reports for BNY MIF may be obtained free of charge from or from BNY Mellon Investment Management EMEA Limited, BNY Mellon Centre, 160 Queen Victoria Street, London EC4V 4LA. These documents are available in English and certain other languages. Share price: The latest share price and other information, including how to buy or sell shares, are available from the website and address given above. Other share classes are offered by the Fund as set out in the Prospectus. Switching: Investors may switch shares in the Fund for shares in other sub-funds of BNY MIF provided they satisfy the criteria applicable to investment in other sub-funds. Further information on switching is contained in the Prospectus. Each sub-fund of the umbrella OEIC is normally responsible for meeting its own debts. However, the sub-funds are not segregated by law. This means that if one sub-fund in the umbrella is unable to pay its debts the other sub-funds in the umbrella could be responsible for them. Liability statement: BNY Mellon 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. Depositary: National Westminster Bank plc. Tax: The tax legislation of the Fund's domicile may have an impact on your personal tax position. For further details, please speak to an adviser. This Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority. BNY Mellon Fund Managers Limited is authorised in the United Kingdom and regulated by the Financial Conduct Authority. This key investor information is accurate as at 30 April 2014.

30 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. Japan Index Fund Accumulation C GB00B80QGN87 A sub-fund of HSBC Index Tracker Investment Funds, an open ended investment company ( OEIC ), managed by HSBC Global Asset Management (UK) Limited. Objectives and investment policy To provide long term capital growth by matching the return of the FTSE World Japan Index. To invest in companies that make up the FTSE World Japan Index. The Fund can use borrowing and may also use a technique known as efficient portfolio management which aims to reduce risk or cost to the fund in circumstances where this is likely to be of benefit. The Fund is currently tracking the index using a full replication strategy. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within 5 years. Risk and reward profile Lower risk Typically lower rewards Higher risk Typically higher rewards More about this rating The rating is based on price volatility over the last five years, and is an indicator of absolute risk. Historical data may not be a reliable indication for the future. The value of an investment, and any income from it, may fall as well as rise, and you may not get back the amount you originally invested.the rating is not guaranteed to remain unchanged and the categorisation may shift over time.the lowest rating does not mean a risk-free investment. Why is this fund in category 6? Equity prices tend to fluctuate more than other asset classes as investors directly participate in underlying companies and their earnings. Material risks not adequately captured by the risk rating above Exchange rate risk Investing in assets denominated in a currency other than that of the investor s own currency perspective exposes the value of the investment to exchange rate fluctuations. Derivative risk The value of derivative contracts is dependent upon the performance of an underlying asset. A small movement in the value of the underlying can cause a large movement in the value of the derivative. Unlike exchange traded derivatives, over-the-counter (OTC) derivatives have credit risk associated with the counterparty or institution facilitating the trade. IndexTracking risk The performance of the Fund may not match the performance of the index it tracks because of fees and expenses, market opening times and regulatory constraints. Operational risk The main risks are related to systems and process failures. Investment processes are overseen by independent risk functions which are subject to independent audit and supervised by regulators. Accumulation C GB00B80QGN87 1of2

31 Charges for this fund The charges you pay are used to pay the running costs of the fund, including the marketing and distribution costs.these charges reduce the potential growth of the investment. One-off charges taken before or after you invest Entry charge 0.00% Exit charge 0.00% Charges taken from the fund over a year Ongoing charge 0.21% Charges taken from the fund under certain specific conditions Performance fee None The Entry and Exit charges shown are the maximum that may be charged. In some cases you may pay less.you can obtain the actual charges from your financial adviser. The ongoing charges figure is based on last year s expenses for the year ending 15/11/2013. Charges may vary from year to year. Further information on Charges can be found in the Fees and Expenses section of the full Prospectus. Past performance 40% 30% 20% 10% 0% -10% -20% Fund Benchmark Warning: the performance returns before the change in investment objective(s) on 22/01/2007 were achieved under circumstances that no longer apply. Past performance is not a guide to future performance; the value of your investment and any income from it can go down as well as up. The past performance of this share class is calculated in GBP. Performance returns are based on the net asset value with distributable income reinvested. Past performance takes account of all ongoing charges, but not entry and exit charges. The fund was launched on 14/01/1989. The investment benchmark for the fund is the FTSE Japan Gross. Performance returns prior to the first share class price date of 03/09/2012 have been simulated using the track record of an older share class. Practical information Depositary State StreetTrustees Limited, 525 Ferry Road, Edinburgh, EH5 2AW. Further information Further information about the OEIC including the latest Prospectus, latest published prices of shares, annual report and half yearly report may be obtained free of charge, in English, from the administrator, HSBC GlobalAsset Management (UK) Limited, PO Box 6189, Coventry, CV3 9HS or by visiting most recent Prospectus is available in English.This document describes a single share class of the OEIC. The Prospectus, annual and half yearly reports are prepared for the entire OEIC. Share classes Other share classes are available, as detailed in the Prospectus. It is possible to convert your shares into a different share class or switch your shares into a different Fund within the OEIC. Details of how to do this are in the Prospectus (please note an initial charge may apply). Tax UK tax legislation may have an impact on your personal position. Authorised Corporate Director HSBC Global Asset Management (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 OEIC. Allocation of Assets and Liabilities The OEIC is an umbrella investment company with segregated liability between sub-funds. This means that the holdings of one sub-fund are kept separate from the holdings of the other sub-funds and your investment in the Fund cannot be used to pay the liabilities of any other sub-fund. Authorisations The Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority. HSBC Global Asset Management (UK) Limited is authorised in the United Kingdom and regulated by the Financial Conduct Authority. Publication date This key investor information is accurate as at 19 February Accumulation C GB00B80QGN87 2of2

32 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. Emerging Markets Fund a sub-fund of Fidelity Institutional Funds W Accumulation Shares (ISIN: GB00B9SMK778) This fund is managed by FIL Investment Services (UK) Limited Objectives and Investment Policy Aims to provide long-term capital growth with the level of income expected to be low. Invests primarily in company shares in countries experiencing rapid economic growth including those in Africa, the Indian sub-continent, Latin America, South East Asia, Europe and the Middle East. 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 Typically lower rewards Higher risk Typically higher rewards The risk category was calculated using historical performance data. The risk category may not be a reliable indication of the future risk profile of the fund, is not guaranteed and may change over time. The lowest category does not mean a "risk free" investment. The risk and reward profile is classified by the level of historical fluctuation of the Net Asset Values of the share class, and within this classification, categories 1-2 indicate a low level of historical fluctuations, 3-5 a medium level and 6-7 a high level. The value of your investment may fall as well as rise and you may get back less than you originally invested. Movements in currency exchange rates can adversely affect the return of your investment. The currency hedging may be used to minimise the effect of this but may not always be successful. The use of financial derivative instruments may result in increased gains or losses within the fund. Liquidity is a measure of how easily an investment can be converted into cash. Under certain market conditions assets may be more difficult to sell. Emerging markets may be more volatile and it could be harder to sell or trade securities. There may be less supervision, regulation and less well-defined procedures than in more developed countries. Emerging markets can be sensitive to political instability, which can result in greater volatility and uncertainty, subjecting the fund to the risk of losses. In some emerging markets, such as Russia, the safekeeping provisions for securities benefit from less governed standards.

33 Key Investor Information Emerging Markets Fund Charges for this fund (ISIN: GB00B9SMK778) 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 N/A Exit charge N/A This is the maximum that might be taken out of your money before it is invested or before the proceeds of your investment are paid out. Charges taken from the fund over a year Ongoing charges 1.03% 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 30/06/2013. This figure may vary from year to year. It excludes: performance fees (where applicable); portfolio transaction costs, except in the case of an entry/exit charge paid by the fund when buying or selling units in another collective investment undertaking. For more information about charges, please consult the charges section in the most recent Prospectus. Past Performance 50% 40% 30% 20% 10% 0% 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 28/07/1997. This class was launched on 13/05/2013. Past performance has been calculated in GBP. There is insufficient data to provide a useful indication of past performance to investors. 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. 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 Institutional 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 Institutional Funds are segregated by law so that assets of this sub-fund will not 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 sub-fund. Details on switching rules can be found in the Prospectus. Country in which this fund is authorised: United Kingdom. The Supervisory Authority is: Financial Conduct Authority. Country in which FIL Investment Services (UK) Limited is authorised: United Kingdom. The Supervisory Authority is: Financial Conduct Authority. This key investor information is accurate as at 08/05/2014.

34 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 capital growth by predominantly investing in UK shares (i.e. equities) and similar investments of companies. the Fund will invest predominantly in UK company shares and similar investments. Companies may be of all sizes (e.g. small, medium and large companies) and in any industry (e.g. pharmaceuticals, financials, etc). The Fund will typically hold between 30 and 40 companies and has no bias to any particular industry or size of company. who plan to withdraw their money within 5 years. income from investments will be retained within the Fund. This will increase the value of your shares. London. you can buy and sell shares on any working day in The Fund may invest in derivatives (i.e. financial contracts whose value is linked to the expected price movements of an underlying investment) with the aim of reducing the overall costs and/or risks of the Fund. The Fund is managed having regard to the FTSE All-Share Index; however the Fund does not track the index. the Fund may not be appropriate for investors Risk and Reward Profile The calculated risk and reward category, as shown above, uses a method of calculation derived from EU rules. It is based on the rate at which the returns of the Fund have moved up and down in the past (i.e. volatility) and is not a guide to the future risk and reward category of the Fund. The category shown is not a target or guarantee and may shift over time. Even the lowest category 1 does not mean a risk-free investment. The seven-category scale is nonlinear, for example, 2 is not twice as risky as 1. Funds in category 6 have in the past shown relatively high volatility. With a fund of category 6, you have a relatively high risk of losing money but your chance for gains is also relatively high. Investment risk - there is no guarantee that the Fund will achieve its objective. Geographic concentration risk - a fall in the UK market may have a significant impact on the value of the Fund because it primarily invests in this market. Concentration risk (number of securities) - the Fund typically invests in a limited number of investments. A fall in the value of a single investment may have a greater impact on the Fund s value than if it held a larger number of investments. Liquidity risk - some investments may become hard to value or sell at a desired time and price. In extreme circumstances this may affect the Fund s ability to meet redemption requests upon demand. Currency risk - the Fund is denominated in British Pounds but may hold assets denominated in, or with exposure to, other currencies. The value of your units may rise and fall as a result of exchange rate movements between these currencies. Derivative risk - the Fund may use derivatives to reduce costs and/or the overall risk of the Fund (i.e. Efficient Portfolio Management (EPM)). Derivatives involve a level of risk, however, for EPM; they should not increase the overall riskiness of the Fund. Derivatives also involve counterparty risk where the institutions acting as counterparty to derivatives may not meet its contractual obligations. Capital erosion risk - the Fund takes charges from capital of the Fund. Investors should be aware that there is potential for capital erosion if insufficient capital growth is achieved by the Fund to cover the charges. Capital erosion may have the effect of reducing the level of income generated. For a more detailed explanation of risks, please refer to the "Risks" section of the prospectus. DocID: KIID_GB00B946BX62_en_ _7_1_U1_(GBP)_Accumulation_Uni_72070

35 Charges These charges are used to pay the costs of running the Fund, including the costs of marketing and distribution. Overall, they reduce the growth of your investment. One-off charges taken before or after you invest The charges shown are the maximum figures. In some cases you Entry charge Up to 5.00% might pay less. You can find out your actual charges from your Exit charge None financial adviser. This is the maximum that might be taken out of your money before it is invested and before the proceeds of your investment are paid out. Charges taken from the fund over a year Ongoing charge 0.78% Charges taken from the Fund under specific conditions Performance fee None None The ongoing charge shown is an estimate. This figure may vary from year to year. It excludes portfolio transaction costs, except in the case of an entry/exit charge paid by the Fund when buying or selling units in another collective investment undertaking. You can find out more details about the charges by looking at Schedule 1 of the prospectus. Past Performance There is insufficient data to produce a useful indication of past performance for the Unit Class Past performance is not a guide to future performance. The past performance shown does not take into account any entry or exit charges but does take into account the ongoing charge, as shown in the Charges section. The value of the class is calculated in British Pounds. The Fund launched on 31 January This class started to issue units on 9 May Practical Information The Trustee is National Westminster Bank Plc. Old Mutual UK Alpha Fund is a sub-fund of Old Mutual MultiManager Trust ("the Trust"). The assets and liabilities of each Fund are segregated from other sub-funds although it is not yet known whether a foreign court would give effect to segregated liability under a foreign law contract and so this is not certain in every circumstance. Further information about the Trust, copies of its prospectus, annual and half-yearly reports may be obtained, for the entire Trust, free of charge in English from the administrator, Citibank N.A., at PO Box 27061, 227 West George Street, Glasgow, G2 9GT or visit The latest unit prices are available from the administrator during normal business hours and will be published daily at You may switch your units to the units of another sub-fund of the Trust free of charge. For further details see the "Switching" section of the prospectus. This Fund is subject to tax laws and regulations of the United Kingdom. Depending on your home country of residence, this might have an impact on your personal tax position. For further details, please speak to your adviser. Old Mutual Investment Management Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the Trust. This Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority. Old Mutual Investment Management Limited is authorised in the United Kingdom and regulated by the Financial Conduct Authority. This key investor information is accurate as at 7 February : DocID: KIID_GB00B946BX62_en_ _7_1_U1_(GBP)_Accumulation_Uni_72070

36 Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Baillie Gifford European Fund Class B - Accumulation Shares - ISIN GB This Fund is a sub-fund of Baillie Gifford Overseas Growth Funds ICVC which is an Investment Company with Variable Capital. Baillie Gifford & Co Limited is the Authorised Corporate Director of the Fund and is wholly owned by Baillie Gifford & Co. Objectives and investment policy Objective The Fund aims to achieve capital growth. Policy To invest in any economic sector in continental Europe including the Republic of Ireland. Investment will be mainly in shares of companies. Other Information You can sell some or all of your shares on any business day in the United Kingdom by contacting our Dealing Department by phone or post. Where properly completed documentation is received by post, shares will be sold at the next valuation point following receipt of the instruction. Income will be re-invested. No further shares will be purchased but the reinvestment will be reflected in the price of your existing accumulation shares. You are, however, deemed to have received the income for tax purposes. For further explanation and information see the investment objective and policy section of the Prospectus, which is available by contacting us. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within five years. Risk and reward profile The Risk and Reward Indicator table demonstrates where the Fund ranks in terms of its potential risk and reward. The higher the rank the greater the potential reward but the greater the risk of losing money. It is based on past data, may change over time and may not be a reliable indication of the future risk profile of the Fund. The shaded area in the table below shows the Fund s ranking on the Risk and Reward Indicator. Typically lower rewards, lower risk Typically higher rewards, higher risk Please note that even the lowest risk class can lose you money and that extreme adverse market circumstances can mean you suffer severe losses in all cases. The Fund is classified in the category above because it invests in company shares which generally provide higher rewards and higher risks than other investments such as bonds or cash. The indicator does not take into account the following relevant material risks: Investment markets can go down as well as up and market conditions can change rapidly. The value of an investment in the Fund, and any income from it, can fall as well as rise and you may not get back the amount invested. Custody of assets may involve a risk of loss if the custodian becomes insolvent or breaches duties of care. Where possible, all charges are taken from the Fund's revenue. Where there is insufficient revenue, the remainder will be taken from capital. This will reduce the capital value of the Fund. We are aware that the Scottish Referendum Vote in September 2014 introduces elements of political uncertainty which may have practical consequences. We will continue to closely monitor these developments. Page 1 of 2.

37 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 1.00% Exit charge 0.00% These are the maximum charges that we might take out of your money before it is invested and before we pay out the sale proceeds of your investment. In some cases, you might pay less and you should speak to your financial adviser about this. Switching charge (for switching into the Fund from another fund) 0.00%. The ongoing charges figure is based on the last year s expenses and may vary from year to year. It excludes the costs of buying or selling assets for the Fund (unless these assets are shares of another fund). For the ongoing charge, the figure is at 31/10/2013. The Fund's annual report for each financial year will include detail on the exact charges made. You can find further details about the charges in Part 6 of the Prospectus. There is no switching charge applicable when switching from another Baillie Gifford fund. For all other types of transfer into the Fund the full initial charge may be applicable. Charges taken from the Fund over a year Ongoing charges 0.71% Charges taken from the Fund under specific conditions Performance fee NONE Past performance % You should be aware that past performance is not a guide to future performance. Fund launch date: 17/06/1985. Share/unit class launch date: 06/01/2000. Performance is calculated in GBP. Performance reflects the annual charge but excludes any initial charge paid. Performance figures are to 31 December each year Fund Source: FE 2014 Practical information The Fund s Depositary is National Westminster Bank Plc. You can obtain further information on the Fund, the Prospectus and the latest annual and interim reports from Baillie Gifford or by visiting the website at These are available in English free of charge on request. This Key Investor Information Document describes the Baillie Gifford European Fund only. The Prospectus and the annual and interim reports and accounts are prepared for the whole ICVC. Baillie Gifford European Fund is a sub-fund of Baillie Gifford Overseas Growth Funds ICVC. The assets of the Fund are segregated from other sub-funds in the ICVC. This means that the assets of one sub-fund should not be used to meet the liabilities of another sub-fund. You can also find other information, including the Fund s latest prices, on our website. Tax laws in the United Kingdom may have an impact on your own tax position. You may at any time switch all or some of your shares in the Fund for shares in any fund of any of the Baillie Gifford ICVC(s). Baillie Gifford & Co 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. To contact us please call Client Relations on (fax ) or visit our website at or us at trustenquiries@bailliegifford.com. Your call may be recorded for training or monitoring purposes. This Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority. This Key Investor Information is accurate as at 16/05/2014. BG90 Page 2 of 2.

38 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 Asia Pacific Leaders Fund Class B (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 based in or having significant operations in the Asia Pacific region including Australia and New Zealand excluding Japan. 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. 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. 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. 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 has gone 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 not provide the same level of investor protection as a developed market; they may involve a higher risk than investing in developed markets. Currency risk the Fund invests in assets which are denominated in other currencies; changes in exchange rates will affect the value of the Fund. For further information on risks, please refer to the Risk Factors section in the Company's prospectus. Page 1/2

39 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 0.89% 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 0.5%. 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 60 performance shown here includes fees, any reinvested income and tax. 40.7% % 35.6% The Fund launched on 01 December % 18.0% % 19.2% The past performance of the Fund is calculated in GBP. % 0 1.0% % -7.4% 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 responsible for meeting its own debts. The sub-funds are segregated by law. This means that investments of the Fund can not be used to pay the debts of the other subfunds. You can exchange shares in the Fund for shares in another sub-fund, which is called switching. There may be a charge for switching, as indicated above in 'Charges'. 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 Conduct Authority. First State Investments (UK) Limited is authorised and regulated in the UK by the Financial Conduct Authority. This key investor information is accurate as at 01 April Page 2/2

40 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. JOHCM Continental European Fund B GBP IE A sub-fund of J O Hambro Capital Management Umbrella Fund plc Managed by J O Hambro Capital Management Limited 18 February 2014 Objectives and investment policy The primary investment objective of the Fund is to seek long-term capital growth. The Fund aims to achieve its objective by investing in equity securities of companies domiciled or exercising the predominant part of their economic activities in Europe, excluding the UK. Any income the Fund generates for this share class will be reinvested annually to grow the value of your investment unless the shareholder elects for a cash dividend. You can buy and sell shares in the Fund, before 5.30pm, on any day which is a working day in Dublin. Risk and reward profile Lower risk Higher risk Typically lower rewards Typically higher rewards The risk and reward indicator is calculated on the basis of the share class volatility (the ups and downs in its value) over the prior 5 year period. The risk and reward indicator: is based on historical data and may not be a reliable indication for the future; is not guaranteed and may change over time. The lowest category does not mean that a share class is risk free. The share class category reflects the following factors: Higher volatility can result from investments in shares as their value may fluctuate more than other financial instruments, such as bonds. The Fund may invest in shares priced in currencies other than the currency of the share class. This may result in the value of the share class increasing or decreasing due to changes in foreign exchange rates. Your initial investment is not guaranteed. In addition to the risk captured by the indicator, the fund value may be affected by: Changes in exchange rates between currencies may cause the value of the investments to diminish or increase. Any change in the Company s tax status or in legislation could affect the value of investments held by the Company. Political and /or regulatory Risks. Investors should note that a more detailed description of risk factors is set out in full in the Prospectus.

41 Charges 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. Consult your financial advisor or distributor for the actual amount they may charge. Charges taken from the fund over a year Ongoing charge 1.33% Charges taken from the fund under certain conditions Performance fee 15.00% The charges you pay as an investor in the Fund are used to cover the operational costs of the Fund, including marketing and distribution costs. These charges reduce the potential growth of your investment. Ongoing charges are based on figures for the year ended 31 December This figure may vary from year to year and does not include Fund transaction costs. For more information about charges see the Fund s prospectus, available at A performance fee of 15% is payable on the excess if the NAV outperforms the benchmark on an annual basis. The calculation is performed daily. Any underperformance is carried forward. This fee applies to all share classes. The benchmark is the MSCI Europe ex UK NR Index (net dividends reinvested). Past performance Performances (%) 40% 30% 20% 10% 0% -10% Past performance is not a reliable guide to future performance. These performance results include ongoing charges and any performance fee taken from the Fund but do not include any entry charges that you might have to pay. The share class came into existence in Past performance has been calculated in GBP. -20% -30% JOHCM CONTINENTAL EUROPEAN FUND - B GBP Practical information Depositary: RBC Investor Services Bank S.A., Dublin Branch J O Hambro Capital Management Umbrella Fund Plc (the Company ) is structured as an umbrella fund with several sub-funds. The assets and liabilities of the Fund are segregated from other sub-funds within the umbrella, however, other jurisdictions may not necessarily recognise such segregation. The prospectus and periodic reports are prepared for the entire Company. This Key Investor Information document refers to one sub-fund of the Company. The following information is available free of charge at The prospectus, annual and semi-annual reports for the Company. Hard copies are available upon written request to the Investment Manager or the Administrator. Information on other share classes of this fund or other sub-funds of the Company. Share price. Further information is available from the administrator, RBC Investor Services Ireland Limited, George s Quay House, 43 Townsend Street, Dublin 2, Ireland. Tax legislation in the Company s home state (Ireland) may have an impact on your personal tax position. Consult your financial or professional adviser for more information on taxation. J O Hambro Capital Management Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the Company. The Fund is authorised in Ireland and regulated by the Central Bank of Ireland. The registered office of the Company is George s Quay House, 43 Townsend Street, Dublin 2, Ireland This Key Investor Information is accurate as at 18 February 2014.

42 Key Features (incorporating the Simplified Prospectus) of the Scottish Widows Investment Partnership Property Trust November 2013 The Financial Conduct Authority is the independent financial services regulator. It requires us, SWIP Fund Management Limited, as the manager of the Scottish Widows Investment Partnership Property Trust, to give you this important information to help you to decide whether our product is right for you. You should read this document carefully so that you understand what you are buying, and then keep it safe for future reference.