MM Navigator Return Focused Range MM Lifestyle Risk Targeted Range

Transcription

1 CM15588 UK For professional investors only MM Navigator Return Focused Range MM Lifestyle Risk Targeted Range July 2018

2 Investment risks The value of investments and income derived from them can go down as well as up as a result of market or currency movements and investors may get back less than the original amount invested. Investments in smaller companies carry a higher degree of risk as their shares may be less liquid and investment values can be volatile. Investing in emerging markets is generally considered to involve more risk than developed markets. 2

3 MM Lifestyle Foundation Fund Equities 25.32% UK Equities Majedie UK Income Fund 3.59 Man GLG Undervalued Assets Fund 2.79 F&C FTSE All-Share Tracker Fund 2.45 River and Mercantile UK Equity Income Fund 1.96 River and Mercantile UK Equity Long Term Recovery Fund 1.72 Jupiter UK Smaller Companies Fund 1.48 Non UK Equities European Equities 1.83 Oyster - Continental European Selection 1.83 Japanese Equities 3.42 Eastspring Investments Japan Dynamic Fund 1.47 Baillie Gifford Japanese Fund 0.98 Tokio Marine Japanese Equity Focus Fund 0.98 North America Equities 4.64 HSBC S&P 500 UCITS ETF 1.68 Majedie Asset Management US Equity Fund 1.53 Old Mutual North American Equity Fund 1.44 Asia Pacific Equities 1.42 BGF Asian Growth Leaders Fund 1.42 Commodities 1.46% ishares Physical Gold ETC 1.46 Fixed Income 47.74% Gilts Lyxor FTSE Actuaries UK Gilts 0-5Y (DR) UCITS ETF 7.03 Lyxor Core FTSE Actuaries UK Gilts (DR) UCITS ETF 4.53 UK Index Linked Bonds 8.05 Allianz Index-Linked Gilt Fund 8.05 UK Corporate Bonds Royal London Sterling Credit Fund 6.04 Henderson Strategic Bond Fund 3.61 MI TwentyFour Monument Bond Fund 3.04 Invesco Perpetual Tactical Bond Fund 3.02 Liontrust Strategic Bond Fund 2.03 International Bonds Legg Mason Western Asset Macro Opportunities Bond Fund 3.78 M&G Global Macro Bond Fund 3.78 Barings Emerging Markets Debt Blended Total Return Fund 2.82 Absolute Return 4.96% Majedie Asset Management Tortoise Fund 2.74 Man GLG UK Absolute Value Fund 2.22 Liquidity & Other 12.39% Liquidity & Other Property 8.13% Darwin Leisure Property Fund 2.32 GCP Student Living plc 2.11 Target Healthcare REIT Limited 1.56 F&C Real Estate Securities Fund 1.37 The PRS REIT plc 0.77 Source: BMO Global Asset Management as at Totals may not add to % due to rounding. 3

4 MM Lifestyle Defensive Fund Equities 41.40% UK Equities Majedie UK Income Fund 4.44 F&C FTSE All-Share Tracker Fund 3.38 Man GLG Undervalued Assets Fund 3.66 River and Mercantile UK Equity Income Fund 2.65 Jupiter UK Smaller Companies Fund 2.24 River and Mercantile UK Equity Long Term Recovery Fund 2.22 Non UK Equities European Equities 3.61 Schroder European Alpha Plus Fund 1.86 Oyster - Continental European Selection 1.75 Japanese Equities 5.27 Eastspring Investments Japan Dynamic Fund 2.33 Tokio Marine Japanese Equity Focus Fund 1.74 Baillie Gifford Japanese Fund 1.20 North America Equities 8.72 Majedie Asset Management US Equity Fund 4.05 HSBC S&P 500 UCITS ETF 2.72 Old Mutual North American Equity Fund 1.96 Asia Pacific Equities 5.21 Hermes Asia ex-japan Equity Fund 1.96 TT Asia Ex Japan Equity Fund 1.83 BGF Asian Growth Leaders Fund 1.42 Commodities 1.45% ishares Physical Gold ETC 1.45 Property 7.57% Darwin Leisure Property Fund 2.16 GCP Student Living plc 1.89 Target Healthcare REIT Limited 1.51 F&C Real Estate Securities Fund 1.24 The PRS REIT plc 0.76 Property 7.57% Darwin Leisure Property Fund 2.16 GCP Student Living plc 1.89 Target Healthcare REIT Limited 1.51 F&C Real Estate Securities Fund 1.24 The PRS REIT plc 0.76 Fixed Income 34.44% Gilts 6.38 Lyxor Core FTSE Actuaries UK Gilts (DR) UCITS ETF 3.99 Lyxor FTSE Actuaries UK Gilts 0-5Y (DR) UCITS ETF 2.39 UK Index Linked Bonds 4.47 Allianz Index-Linked Gilt Fund 4.47 UK Corporate Bonds Royal London Sterling Credit Fund 5.47 MI TwentyFour Monument Bond Fund 3.96 Henderson Strategic Bond Fund 3.47 Invesco Perpetual Tactical Bond Fund 2.94 Liontrust Strategic Bond Fund 1.98 International Bonds 4.77 Legg Mason Western Asset Macro Opportunities Bond Fund 2.09 Barings Emerging Markets Debt Blended Total Return Fund 1.35 M&G Global Macro Bond Fund 1.34 Global High Yield Bonds 0.99 Hermes Multi Strategy Credit Fund 0.99 Absolute Return 4.97% Majedie Asset Management Tortoise Fund 2.73 Man GLG UK Absolute Value Fund 2.24 Liquidity & Other 10.17% Liquidity & Other Source: BMO Global Asset Management as at Totals may not add to % due to rounding. 4

5 MM Lifestyle Cautious Fund Equities 57.75% UK Equities Majedie UK Income Fund 5.88 F&C FTSE All-Share Tracker Fund 5.14 Man GLG Undervalued Assets Fund 4.61 River and Mercantile UK Equity Income Fund 3.74 Jupiter UK Smaller Companies Fund 3.01 River and Mercantile UK Equity Long Term Recovery Fund 2.96 Non UK Equities European Equities 3.64 Schroder European Alpha Plus Fund 1.95 Oyster - Continental European Selection 1.69 Japanese Equities 7.14 Eastspring Investments Japan Dynamic Fund 3.50 Tokio Marine Japanese Equity Focus Fund 1.97 Baillie Gifford Japanese Fund 1.67 North America Equities Majedie Asset Management US Equity Fund 4.85 HSBC S&P 500 UCITS ETF 3.99 Old Mutual North American Equity Fund 1.96 Asia Pacific Equities 5.56 TT Asia Ex Japan Equity Fund 2.19 Hermes Asia ex-japan Equity Fund 1.95 BGF Asian Growth Leaders Fund 1.42 Emerging Markets Equities 5.28 TT Emerging Markets Unconstrained Fund 2.72 Hermes Global Emerging Markets Fund 2.56 Commodities 1.32% Property 6.56% Darwin Leisure Property Fund 1.66 GCP Student Living plc 1.62 Target Healthcare REIT Limited 1.49 F&C Real Estate Securities Fund 1.02 The PRS REIT plc 0.77 Fixed Income 23.83% Gilts 3.46 Lyxor Core FTSE Actuaries UK Gilts (DR) UCITS ETF 3.46 UK Corporate Bonds Royal London Sterling Credit Fund 6.02 MI TwentyFour Monument Bond Fund 3.99 Henderson Strategic Bond Fund 3.50 Invesco Perpetual Tactical Bond Fund 2.97 Liontrust Strategic Bond Fund 1.99 Global High Yield Bonds 1.91 Hermes Multi Strategy Credit Fund 1.91 Absolute Return 4.83% Majedie Asset Management Tortoise Fund 2.64 Man GLG UK Absolute Value Fund 2.19 Liquidity & Other 5.70% Liquidity & Other 5.70 ishares Physical Gold ETC 1.32 Source: BMO Global Asset Management as at Totals may not add to % due to rounding. 5

6 MM Lifestyle Balanced Fund Equities 70.76% UK Equities Majedie UK Income Fund 7.21 F&C FTSE All-Share Tracker Fund 6.17 Man GLG Undervalued Assets Fund 5.21 River and Mercantile UK Equity Income Fund 4.54 Jupiter UK Smaller Companies Fund 3.79 River and Mercantile UK Equity Long Term Recovery Fund 3.73 Non UK Equities European Equities 4.61 Schroder European Alpha Plus Fund 2.45 Oyster - Continental European Selection 2.17 Japanese Equities 8.34 Eastspring Investments Japan Dynamic Fund 3.90 Tokio Marine Japanese Equity Focus Fund 2.47 Baillie Gifford Japanese Fund 1.98 North America Equities Majedie Asset Management US Equity Fund 5.12 HSBC S&P 500 UCITS ETF 3.50 Old Mutual North American Equity Fund 1.96 Asia Pacific Equities 8.56 TT Asia Ex Japan Equity Fund 3.15 Hermes Asia ex-japan Equity Fund 3.02 BGF Asian Growth Leaders Fund 2.39 Emerging Markets Equities 8.00 TT Emerging Markets Unconstrained Fund 2.83 Hermes Global Emerging Markets Fund 2.78 ishares Emerging Markets Equity Index Fund 2.39 Commodities 1.25% ishares Physical Gold ETC 1.25 Property 4.21% Target Healthcare REIT Limited 1.27 Darwin Leisure Property Fund 1.23 F&C Real Estate Securities Fund 1.05 The PRS REIT plc 0.65 Fixed Income 14.53% UK Corporate Bonds Royal London Sterling Credit Fund 5.56 Henderson Strategic Bond Fund 2.52 Invesco Perpetual Tactical Bond Fund 2.49 Liontrust Strategic Bond Fund 2.00 Global High Yield Bonds 1.96 Hermes Multi Strategy Credit Fund 1.96 Absolute Return 4.99% Majedie Asset Management Tortoise Fund 2.71 Man GLG UK Absolute Value Fund 2.28 Liquidity & Other 4.27% Liquidity & Other 4.27 Source: BMO Global Asset Management as at Totals may not add to % due to rounding. 6

7 MM Lifestyle Growth Fund Equities 84.84% UK Equities Majedie UK Income Fund 7.94 F&C FTSE All-Share Tracker Fund 7.22 Man GLG Undervalued Assets Fund 5.99 River and Mercantile UK Equity Income Fund 5.30 Jupiter UK Smaller Companies Fund 4.27 River and Mercantile UK Equity Long Term Recovery Fund 4.22 Non UK Equities European Equities 4.55 Schroder European Alpha Plus Fund 2.40 Oyster - Continental European Selection 2.15 Japanese Equities 9.41 Eastspring Investments Japan Dynamic Fund 4.02 Tokio Marine Japanese Equity Focus Fund 2.91 Baillie Gifford Japanese Fund 2.48 North America Equities 8.94 HSBC S&P 500 UCITS ETF 3.82 Majedie Asset Management US Equity Fund 3.11 Old Mutual North American Equity Fund 2.01 Asia Pacific Equities Hermes Asia ex-japan Equity Fund 4.67 TT Asia Ex Japan Equity Fund 4.42 BGF Asian Growth Leaders Fund 4.30 Emerging Markets Equities TT Emerging Markets Unconstrained Fund 4.67 Hermes Global Emerging Markets Fund 4.54 ishares Emerging Markets Equity Index Fund 4.40 Commodities 1.23% ishares Physical Gold ETC 1.23 Property 4.19% Darwin Leisure Property Fund 1.29 Target Healthcare REIT Limited 1.27 F&C Real Estate Securities Fund 0.98 The PRS REIT plc 0.65 Fixed Income 4.04% UK Corporate Bonds 1.42 Henderson Strategic Bond Fund 1.42 Global High Yield Bonds 2.62 Hermes Multi Strategy Credit Fund 2.62 Absolute Return 4.86% Majedie Asset Management Tortoise Fund 2.63 Man GLG UK Absolute Value Fund 2.24 Liquidity & Other 0.84% Liquidity & Other 0.84 Source: BMO Global Asset Management as at Totals may not add to % due to rounding. 7

8 Risk profile levels MM Lifestyle Funds Volatility on target, performance ahead 14.7% 12.6% 10.5% 8.4% 6.3% 4.2% 2.1% 0.0% Lifestyle Foundation Lifestyle Defensive Lifestyle Cautious Lifestyle Balanced Lifestyle Growth Source: Distribution Technology as at Annualised performance since launch of clean share classes* 12% 8% 4% 4.80% 2.00% 7.79% 3.82% 8.70% 4.78% 10.09% 5.38% 10.24% 6.14% Connect with 10 years of Lifestyle 0% F&C MM Lifestyle Foundation B Inc DT3 + CPI F&C MM Lifestyle Defensive B Inc DT4 + CPI F&C MM Lifestyle Cautious B Inc DT5 + CPI F&C MM Lifestyle Balanced B Inc DT6 + CPI Past performance should not be seen as an indication of future performance. F&C MM Lifestyle Growth B Inc DT7 + CPI Source: Lipper Hindsight as at % growth total return, net of fees, in GBP. *Since launch dates of clean share class as follows: Foundation B Inc , Defensive B Inc , Cautious B Inc , Balanced B Inc & Growth B Inc Distribution Technology (DT) returns are provided by Distribution Technology Ltd. 8

9 Making connections MM Lifestyle Funds Discrete performance 12 month rolling (GBP, net of fees) Percentage growth, % 2018/ / / / /2013 MM Lifestyle Foundation B Inc MM Lifestyle Defensive B Inc MM Lifestyle Cautious B Inc MM Lifestyle Balanced B Inc MM Lifestyle Growth B Inc Past performance should not be seen as an indication of future performance. Connect with MiFID II Source: Lipper Hindsight from to The discrete periods are to the end of the respective month of each year. 9

10 MM Navigator Distribution Fund Equities 34.47% UK Equities Schroder Income Maximiser 6.00 J O Hambro Capital Management UK Equity Income Fund 5.52 Majedie UK Income Fund 3.40 MI Chelverton UK Equity Income Fund 2.78 FTSE 100 Index Futures European Equities 8.81 Schroder European Alpha Income Fund 4.67 Blackrock Continental European Income Fund 2.90 Polar Capital Funds plc - European Ex UK Income Fund 2.73 Euro Stoxx 50 Index Futures Japanese Equities 2.26 CC Japan Income & Growth Fund 2.26 North America Equities 3.46 Hamlin High Dividend Equity UCITS Fund 3.33 BNY Mellon U.S. Equity Income Fund 2.14 S&P 500 Index Futures Asian Equities 5.71 Schroder Asian Income Maximiser 4.23 Prusik Asian Equity Income Fund 1.49 Emerging Markets Equities 2.00 JPM Emerging Markets Income Fund 2.00 Specialist (Equity) 15.78% RWC Global Enhanced Dividend Fund 3.70 Veritas Global Equity Income Fund 3.09 Fidelity Global Enhanced Income Fund 3.03 Aptus Global Financials Fund 3.00 Artemis Global Income Fund 2.96 Specialist (Non-Equity) 9.84% Darwin Leisure Property Fund 3.55 GCP Student Living plc 2.23 Amedeo Air Four Plus Limited 2.02 Blue Capital Alternative Income Fund Limited 0.92 SQN Asset Finance Income Fund Limited 0.70 SQN Asset Finance Income Fund Limited C Share 0.41 Fixed Income 29.90% Henderson Strategic Bond Fund 4.52 MI TwentyFour Dynamic Bond Fund 4.47 Schroder Strategic Credit Fund 4.30 Ashmore SICAV Emerging Markets Total Return Fund 4.26 Legg Mason Western Asset Structured Opportunities Fund 2.97 Active Funds ICAV - Global High Income Bond Fund 2.26 GCP Infrastructure Investments Limited 1.98 TwentyFour Income Fund Limited 1.55 P2P Global Investments plc 1.27 Starwood European Real Estate Finance Limited 1.21 UK Mortgages Limited 0.70 Carador Income Fund plc 0.41 Liquidity & Other 10.00% Liquidity & Other Source: BMO Global Asset Management as at Totals may not add to % due to rounding. 10

11 MM Navigator Distribution Fund Delivering consistent income and capital growth/preservation (GBP, net of fees) Capital and income returns F&C MM Nav Distribution Fund cumulative over 1, 3, 5 and 7 years MM Navigator Distribution Fund C Acc (Capital Return Only % Growth) MM Navigator Distribution Fund C Acc (Cumulative Income received based on 200,000 invested) 1 year 2 years 3 years 4 years 5 years 7 years , , , , , , Total return % F&C MM Nav Distribution Fund cumulative over 1, 3, 5 and 7 years 1 year 2 years 3 years 4 years 5 years 7 years MM Navigator Distribution Fund C Acc IA Mixed Investment 20-60% Shares Past performance should not be seen as an indication of future performance. Source: Lipper as at % growth total return, net of fees. Tax default, in GBP. 1 and 3 year figures relate to clean priced C shares, 5 year figures relate to bundled A Shares. IA = Investment Association. 11

12 Consistent income dividend payment history F&C MM Navigator Distribution Fund A Inc Date Dividend payment date Dividend payment C Inc Date Dividend payment date Dividend payment M Inc Date Dividend payment date Dividend payment Source: BMO Global Asset Management as at XD = Ex-dividend. The amount of dividend per share varies each quarter as it represents the income received in the accounting period prior to the relevant XD date. The amount also differs between the A (bundled) and C (clean) share classes as the A shares launched at 1 and the C shares launched at 50p. 12

13 MM Navigator Moderate Fund Equities 39.16% UK Equities Majedie UK Focus Fund 6.49 Old Mutual UK Dynamic Equity Fund 3.44 J O Hambro Capital Management UK Growth Fund 3.05 GVQ UK Focus Fund 2.92 Man GLG Undervalued Assets Fund 2.50 FTSE 100 Index Futures European Equities 8.98 Memnon European Fund 3.92 Schroder European Alpha Plus Fund 3.65 Blackrock Continental European Income Fund 2.91 Euro Stoxx 50 Index Futures Japanese Equities 3.60 CC Japan Alpha Fund 1.88 Schroder International Selection Fund - Japanese Opportunities 1.71 North America Equities 3.98 Artemis US Extended Alpha Fund 4.04 Conventum - Lyrical Fund 1.95 S&P 500 Index Futures Asian Equities 5.18 Prusik Asian Equity Income Fund 2.17 TT Asia Ex Japan Equity Fund 1.81 BGF Asian Growth Leaders Fund 1.20 Emerging Markets Equities 1.94 Hermes Global Emerging Markets Fund 1.94 Specialist (Equity) 5.09% Ardevora Global Equity Fund 3.03 Aptus Global Financials Fund 2.05 Specialist (Non-Equity) 17.46% Majedie Asset Management Tortoise Fund 4.12 Old Mutual UK Specialist Equity Fund 3.79 Man GLG UK Absolute Value Fund 3.40 Darwin Leisure Property Fund 2.87 ishares Physical Gold ETC 1.85 Amedeo Air Four Plus Limited 1.42 Fixed Income 28.06% Legg Mason Western Asset Macro Opportunities Bond Fund 4.58 Henderson Strategic Bond Fund 4.24 Invesco Perpetual Tactical Bond Fund 4.23 Active Funds ICAV - Global High Income Bond Fund 3.00 MI TwentyFour Dynamic Bond Fund 2.47 GCP Asset Backed Income Fund Ltd 2.42 Liontrust Strategic Bond Fund 1.98 Hermes Multi Strategy Credit Fund 1.72 GCP Infrastructure Investments Limited 1.72 Barings Emerging Markets Debt Blended Total Return Fund 1.70 Liquidity & Other 10.24% Liquidity & Other Source: BMO Global Asset Management as at Totals may not add to % due to rounding. 13

14 MM Navigator Progressive Fund Equities 62.14% Equities Cont'd UK Equities Majedie UK Focus Fund 6.58 Man GLG Undervalued Assets Fund 5.01 Old Mutual UK Dynamic Equity Fund 4.63 J O Hambro Capital Management UK Growth Fund 4.55 GVQ UK Focus Fund 4.07 River and Mercantile UK Micro Cap Investment Company Limited 1.48 FTSE 100 Index Futures European Equities Memnon European Fund 4.51 FP Crux European Special Situations Fund 3.81 Schroder European Alpha Plus Fund 3.68 Magallanes Value Investors UCITS European Equity 2.23 Euro Stoxx 50 Index Futures Japanese Equities 5.45 Schroder International Selection Fund - Japanese Opportunities 2.99 CC Japan Alpha Fund 2.45 North America Equities Artemis US Extended Alpha Fund 5.28 Conventum - Lyrical Fund 5.05 Findlay Park American Fund 2.29 S&P 500 Index Futures Asian Equities 6.90 Prusik Asian Equity Income Fund 2.63 BGF Asian Growth Leaders Fund 2.42 TT Asia Ex Japan Equity Fund 1.85 Emerging Markets Equities 3.03 TT Emerging Markets Unconstrained Fund 1.56 Hermes Global Emerging Markets Fund 1.47 Specialist (Equity) 4.85% Ardevora Global Equity Fund 2.86 Aptus Global Financials Fund 1.98 Specialist (Non-Equity) 13.54% Majedie Asset Management Tortoise Fund 4.60 Old Mutual UK Specialist Equity Fund 3.35 Darwin Leisure Development Fund 2.02 Man GLG UK Absolute Value Fund 1.93 ishares Physical Gold ETC 1.65 Fixed Income 11.85% Legg Mason Western Asset Macro Opportunities Bond Fund 4.10 Henderson Strategic Bond Fund 2.61 MI TwentyFour Dynamic Bond Fund 1.76 GCP Infrastructure Investments Limited 1.75 Barings Emerging Markets Debt Blended Total Return Fund 1.63 Liquidity & Other 7.62% Liquidity & Other 7.62 Source: BMO Global Asset Management as at Totals may not add to % due to rounding. 14

15 MM Navigator Select Fund Equities 68.56% Equities Cont'd UK Equities Majedie UK Focus Fund 5.59 Old Mutual UK Dynamic Equity Fund 2.97 The Heronbridge United Kingdom Equity Fund 2.95 GVQ UK Focus Fund 2.93 J O Hambro Capital Management UK Growth Fund 2.02 River and Mercantile UK Micro Cap Investment Company Limited 1.82 FTSE 100 Index Futures European Equities Memnon European Fund 4.74 FP Crux European Special Situations Fund 4.07 Schroder European Alpha Plus Fund 4.06 Magallanes Value Investors UCITS European Equity 2.44 Euro Stoxx 50 Index Futures Japanese Equities 7.93 CC Japan Alpha Fund 2.89 Schroder International Selection Fund - Japanese Opportunities 2.63 LF Morant Wright Nippon Yield Fund 2.41 North America Equities Artemis US Extended Alpha Fund 6.09 Conventum - Lyrical Fund 5.68 Findlay Park American Fund 4.03 Edgewood L Select US Select Growth Fund 2.62 S&P 500 Index Futures Asian Equities BGF Asian Growth Leaders Fund 3.40 Hermes Asia ex-japan Equity Fund 3.18 Prusik Asian Equity Income Fund 2.39 TT Asia Ex Japan Equity Fund 1.76 Emerging Markets Equities 3.83 TT Emerging Markets Unconstrained Fund 2.11 Hermes Global Emerging Markets Fund 1.72 Specialist (Equity) 4.98% Ardevora Global Equity Fund 2.83 Aptus Global Financials Fund 2.15 Specialist (Non-Equity) 14.04% Majedie Asset Management Tortoise Fund 4.57 Old Mutual UK Specialist Equity Fund 3.95 Man GLG UK Absolute Value Fund 1.93 Darwin Leisure Development Fund 1.84 ishares Physical Gold ETC 1.75 Fixed Income 3.83% Legg Mason Western Asset Macro Opportunities Bond Fund 2.62 Barings Emerging Markets Debt Blended Total Return Fund 1.21 Liquidity & Other 8.59% Liquidity & Other 8.59 Source: BMO Global Asset Management as at Totals may not add to % due to rounding. 15

16 MM Navigator Boutiques Fund Equities 94.97% UK Equities Majedie UK Focus Fund 4.77 Old Mutual UK Dynamic Equity Fund 2.94 The Heronbridge United Kingdom Equity Fund 2.69 European Equities Memnon European Fund 6.73 FP Crux European Special Situations Fund 5.69 Magallanes Value Investors UCITS European Equity 3.94 DNCA European Select Equity Fund 3.72 Japanese Equities 8.35 Alma Capital Investment Funds Alma Eikoh Japan Large Cap Equity Fund 3.16 LF Morant Wright Nippon Yield Fund 2.74 CC Japan Alpha Fund 2.44 North America Equities Artemis US Extended Alpha Fund 8.09 Conventum - Lyrical Fund 7.90 Findlay Park American Fund 6.01 William Blair U.S. Small-Mid Cap Growth Fund 5.57 Hamlin High Dividend Equity UCITS Fund 4.94 Majedie Asset Management US Equity Fund 4.82 Edgewood L Select US Select Growth Fund 4.40 Asian Equities Prusik Asian Equity Income Fund 4.11 TT Asia Ex Japan Equity Fund 3.57 Hermes Asia ex-japan Equity Fund 2.96 Emerging Markets Equities 3.77 TT Emerging Markets Unconstrained Fund 3.77 Specialist (Equity) 2.00% Aptus Global Financials Fund 2.00 Specialist (Non-Equity) 2.96% Majedie Asset Management Tortoise Fund 1.55 Man GLG UK Absolute Value Fund 1.42 Liquidity & Other 0.06% Liquidity & Other 0.06 Source: BMO Global Asset Management as at Totals may not add to % due to rounding. 16

17 MM Navigator Funds Impressive track record of performance delivery F&C MM Navigator Distribution C Acc Mixed Investment 20-60% Shares F&C MM Navigator Moderate C Acc Mixed Investment 20-60% Shares 1 Year 3 Years 5 Years 10 years IA Value Quartile Value Quartile Value Quartile Value Quartile Mixed Investment 20-60% Shares Median F&C MM Navigator Progressive C Acc Mixed Investment 40-85% Shares Mixed Investment 40-85% Shares Median F&C MM Navigator Select C Acc Flexible Investment Flexible Investment Median F&C MM Navigator Boutiques C Acc Global Global Median CPI Cash Past performance should not be seen as an indication of future performance. Source Lipper as at % growth, net of fees GBP. Cash: Moneyfacts Average Instant Access GBP RPI = Retail Price Index. 17

18 Making connections MM Navigator Funds Discrete performance 12 month rolling (GBP, net of fees) Percentage growth, % 2018/ / / / /2013 MM Navigator Distribution C Acc MM Navigator Moderate C Acc MM Navigator Progressive C Acc MM Navigator Select C Acc MM Navigator Boutiques C Acc Past performance should not be seen as an indication of future performance. Connect with MiFID II Source: Lipper from to The discrete periods are to the end of the respective month of each year. 18

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