OLAB fund factsheet FPI Aberdeen Global Asia Pacific Equity USD October 2018 This factsheet is for information only and should not be considered a financial promotion. The information shown should not be relied upon for buying and selling decisions. Fund objective The Fund s investment objective is long-term total return to be achieved by investing at least two-thirds of the Fund s assets in equities and equity-related securities of companies with their registered office in Asia Pacific countries (excluding Japan); and/or, of companies which have the preponderance of their business activities in Asia Pacific countries (excluding Japan); and/or, of holding companies that have the preponderance of their assets in companies with their registered office in Asia Pacific countries (excluding Japan). Mirror fund key facts Underlying fund key facts ISIN code GB00B1WSJH82 ISIN code LU0011963245 Currency USD Launch date April 1988 Launch date May 2007 Fund manager Aberdeen Global Services S.A. Fund key N Dealing Daily FE sector Equity - Asia Pacific ex Japan Risk rating Grade 4 Mirror fund AMC 1.75% Additional costs 0.26% Friends Provident International fund risk warning Special Risk Warning A, B, C The assigned warnings highlight the risks that the fund can be exposed to, but at any given point in time the fund may not have exposure to all of these risks. Further information about the special risk warning definitions can be found on page 5. Overall ongoing costs 2.01% Top holdings - as at 30/09/2018 The top holdings listed below have been determined by the percentage their value represents within the fund. We display a maximum of 10 holdings, which may or may not represent the full holdings of the fund. ABERDEEN GLOBAL CHINA A SHARE EQUITY 6.9% SAMSUNG ELECTRONICS CO 5.5% JARDINE STRATEGIC HOLDINGS LTD 4.7% TENCENT HOLDINGS LTD 4.2% TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4.1% AIA GROUP LTD 3.1% OVERSEA-CHINESE BANKING CORP LTD 2.8% BANK CENTRAL ASIA TBK PT 2.7% HOUSING DEVELOPMENT FINANCE CORP LTD 2.6% SIAM CEMENT PCL/THE 2.4% Source: FE further information about terms used in these sections can be found on page 3 and 4. Page 1
Underlying fund breakdown The fund breakdown shown below is provided by FE and derived from information reported by the fund manager. It may include asset, sector or geographic allocations, as well as the credit ratings of any fixed interest elements of the fund (where available). Asset allocation - as at 30/09/2018 Chinese Equities 21.9% Hong Kong Equities 17.3% Indian Equities 12.6% Singapore Equities 10.4% Preference Shares 6.1% UK Equities 5.4% Taiwanese Equities 5.1% Indonesian Equities 4.0% Philippine Equities 3.8% Others 13.4% Geographic allocation - as at 30/09/2018 China 21.9% Hong Kong 17.4% India 12.6% Singapore 10.5% Korea 9.9% UK 5.4% Taiwan 5.1% Indonesia 4.0% Philippines 3.8% Others 9.4% Source: FE Mirror fund performance Performance over rolling one year periods 30/9/2017-30/9/2018 30/9/2016-30/9/2017 30/9/2015-30/9/2016 30/9/2014-30/9/2015 30/9/2013-30/9/2014 FPI Aberdeen Global Asia Pacific Equity USD 0.87% 15.56% 13.86% -20.28% 4.00% Cumulative performance 1 year 3 years 5 years 10 years Since launch FPI Aberdeen Global Asia Pacific Equity USD 0.87% 32.72% 10.04% 85.87% 51.30% The information shown refers to the past. Past performance is not a reliable guide to future performance. Source: FE. Figures on a bid-to-bid basis to 30/9/2018 Fund prices may go up as well as down and you may get back less than you paid in. Performance figures are net of all charges. Please note that the securities held within a fund may not be denominated in the currency of that fund and, as a result, fund prices may rise and fall purely on account of exchange rate fluctuations. Percentage growth over five years (as at 30/09/18) 50% 40% 30% 20% 10% 0% -10% -20% -30% Sep 13 Apr 14 Oct 14 Apr 15 Oct 15 Apr 16 Oct 16 Apr 17 Oct 17 Apr 18 Sep 18 FPI Aberdeen Global Asia Pacific Equity USD Equity - Asia Pacific ex Japan Source: FE. Figures on a bid-to-bid basis Page 2
Further information Important information regarding mirror funds For each fund managed by external investment managers Friends Provident International has set up its own mirror fund, which invests exclusively in the underlying fund, apart from a proportionately small amount, which may be held as a cash balance. This means that the price of the Friends Provident International fund will be different from the corresponding fund due to the cash holding and any differences in fund charges, but will move mainly in line with it. These mirror funds can only be accessed using Friends Provident International product wrappers. Please note that there are fees charged to investments in the mirror funds that will affect their return. For further details, please refer to the relevant product information brochure. Risk grades and descriptions Grade 1 Funds offering conservative return similar to money market rates. Grade 2 Low risk funds offering security and potential growth. Grade 3 These funds take a balanced approach to investment by holding a diverse portfolio of assets. Grade 4 A more focused asset exposure provides good growth potential with the risk of short-term volatility. Fund key facts Sector classification Our funds and (where applicable) the underlying funds they invest in, are classified into sectors, ensuring that funds operating similar investment strategies are grouped together and can be compared on a like for like basis. The sectors referred to in this document are taken from the FE Offshore Insurance Universe. ISIN code the International Securities Identification Number (ISIN) is a 12-character alpha-numerical code used as a unique identifier worldwide. Mirror fund AMC a policy charge taken as a percentage of the value of the fund before pricing. Additional costs charges made by the underlying fund in relation to custody fees, audit fees etc. Overall ongoing costs the total of applicable charges taken from the fund before pricing. It includes the annual management charge and any relevant underlying fund charges outlined above. Any policy charges taken by cancellation of units from the funds are not reflected in the Overall ongoing costs. Grade 5 These aggressive funds balance the risk of high volatility with the potential for high capital growth. This factsheet is intended for general information purposes only and does not constitute financial advice. Please speak to your financial adviser for more details. Whilst every care has been taken to ensure the accuracy of this factsheet, Friends Provident International cannot accept any liability to any party for loss or damage caused by errors or omissions. No part of this factsheet may be reproduced without prior approval from Friends Provident International. Copyright 2017 Friends Provident International. All rights reserved. Page 3
Mirror fund keys A - Fund closed to new investors. G - Fund has a liquidity warning due to the nature of the underlying assets. For information on any restrictions currently in force, please refer to the Funds News section of our website. J - Vanguard is a trademark of the Vanguard Group, Inc. and has been licensed for use by Friends Provident International. The FPI Vanguard Mirror Fund is not sponsored, endorsed, sold or promoted by the Vanguard Group, Inc. and the Vanguard Group, Inc. makes no representation regarding the advisability of investing in the fund. K - Available to all OLAB products. L - Not available to multi-currency IIB, Ultima and Alphasave investors. M - Available to GBP IIB investors only. N - Available to multi-currency IIB, Ultima and Alphasave investors only. O - Available to AlphaSave investors only. P - Not available to Ultima and Alphasave investors. V - Fund is classified as a Non Mainstream Pooled Investment by the UK Financial Conduct Authority and is not available for new investment by customers based in the UK with effect from 1 January 2014. W - There is a performance fee on this fund, which is charged by the underlying fund manager. Please refer to the relevant section of the underlying fund s Prospectus for further information. X - Funds fall under the requirements of the European Union (EU) Alternative Investment Fund Manager Directive (AIFMD). As such, it is not available for (new) investment by EU or EEA investors with effect from 22 July 2014. Y - For investments into this fund, a distributor fee may be paid from the fund charges and rebated to the introducing broker by the fund manager. If these charges are relevant in your case, your financial adviser should make these clear to you. Please refer to the relevant fund fact sheet and underlying fund prospectus for details of the underlying fund s overall expense ratio and charges. Ab - This fund is aimed at professional / sophisticated / experienced investors, who understand the specialist nature of the fund and its risks. Friends Provident International Limited is classified as a professional investor and we operate the internal fund to enable customers to collectively access the underlying fund, however customers should refer to the underlying fund's Prospectus for full information before investing. Page 4
Special Risk Warning A - General Investment is not guaranteed: The value of an investment is not guaranteed and can go down as well as up. You could get back less than you have paid in. Specialist funds: Some funds invest only in a specific or limited range of sectors and this will be set out in the fund s aim. These funds may carry more risk than funds that can invest across a broader range or a variety of sectors. Suspend trading: Fund managers often have the ability, in certain circumstances, to suspend trading in their funds for as long as necessary. When this occurs, we will need to delay the cashing in or switching of units in the relevant fund. You may not be able to access your money during this period. Derivatives: Derivatives are financial contracts whose value is based on the prices of other assets. Most funds can invest in derivatives for the purpose of managing the fund more efficiently or reducing risk. Some funds also use derivatives to increase potential returns, known as speculation. For those funds we apply an additional risk warning (see Risk F). B - Foreign Exchange Risk: When funds invest in overseas assets the value will go up and down in line with movements in exchange rates as well as the changes in value of the fund s holdings. C - Emerging Markets: Where a fund invests in emerging markets, its value is likely to move up and down by large amounts and more frequently than one that invests in developed markets. These markets may not be as strictly regulated and securities may be harder to buy and sell than those in more developed markets. These markets may also be politically unstable which can result in the fund carrying more risk. D - Smaller Companies: Where a fund invests in the shares of smaller companies, its value is likely to move up and down by large amounts and more frequently than one that invests in larger company shares. The shares can also be more difficult to buy and sell, so smaller companies funds can carry more risk. E - Fixed Interest: Where a fund invests in fixed interest securities, such as company, government, index-linked or convertible bonds, changes in interest rates or inflation can contribute to the value of the investment going up or down. For example, if interest rates rise, the value is likely to fall. F - Derivatives : Derivatives are financial contracts whose value is based on the prices of other assets. The fund invests in derivatives as part of its investment strategy, over and above their use for managing the fund more efficiently. Under certain circumstances, derivatives can result in large movements in the value of the fund and increase the risk profile, compared to a fund that only invests in, for example, equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations, which could lead to losses. G - Cash/Money Market Funds: These are different to cash deposit accounts and their value can fall. Also, in a low interest rate environment the product or fund charges may be greater than the return, so you could get back less than you have paid in. H - Property Funds : The fund invests substantially in property funds, property shares or direct property. You should bear in mind that Properties are not always readily saleable and this can lead to times in which clients are unable to cash in or switch part or all of their holding and you may not be able to access your money during this time Property valuations are made by independent valuers, but are ultimately subjective and a matter of judgement Property transaction costs are high due to legal costs, valuations and stamp duty, which will affect the fund s returns. I - High Yield Bonds: The fund invests in high yield (non-investment grade) bonds. Non-investment grade bonds carry a higher risk that the issuer may not be able to pay interest or return capital. In addition, economic conditions and interest rate movements will have a greater effect on their price. There may be times when these bonds are not easy to buy and sell. In exceptional circumstances, we may need to delay the cashing in or switching of units in the fund and you may not be able to access your money during this period. J - Reinsured Funds: Where a fund invests in an underlying fund operated by another insurance company through a reinsurance agreement, if the other insurance company were to become insolvent, you could lose some or all of the value of your investment in this fund. Friends Provident International is a trading name of Friends Life Limited for business conducted outside the United Kingdom. Friends Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered office: Pixham End, Dorking, Surrey RH4 1QA England. Incorporated company limited by shares and registered in England and Wales, number 4096141. Friends Life Limited is authorised by the Prudential Regulation Authority to carry on Class I and Class III business in Cyprus and Malta. Salisbury Office: United Kingdom House, Castle Street, Salisbury, Wiltshire SP1 3SH England. Telephone +44(0) 1722 415 088 Fax +44(0) 1722 332 005 Email fp.int@friendsprovident.com Website www.fpinternational.com. Page 5