Implicit Pricing Model

Fees and Charges Schedule Including a Generic illustration

Version 0913GI Issued by Cofunds Limited, 1st Floor, 1 Minister Court, Mincing Lane, London EC3R 7AA. Registered in England and Wales No.3965289. Authorised and regulated by the Financial Conduct Authority. (FCA) under FCA Registration No. 194734.

This document is designed to help you make informed investment decisions via your intermediary. It details all fees and charges relevant to your investment and, if applicable, a projection of how these fees and charges may affect your investments on the Cofunds platform. Please read this document alongside the Terms and Conditions of the Cofunds Platform (Self-directed Implicit Pricing Model) and if applicable, the relevant key features associated with your chosen products. In addition, please ensure you have read the relevant Fund Key Investor information Document (KIID) available from your intermediary. For more information on each of your selected funds, please ask your intermediary to provide you with the relevant fund prospectus. Alternatively, fund managers’ prospectuses and KIIDs are now available directly from www.cofunds.co.uk/Investors/Reports_and_Accounts_Investors.aspx Please note that Cofunds only offers retail funds.

Fees and Charges Schedule 2

Contents Why this document is important How to read this document Section 1 - Your platform charges Section 2 - Cofunds revenue from third parties Section 3 - Your intermediary charges Section 4 - Fund manager tables Section 5 - Your platform illustration

Fees and Charges Schedule 3

Why this document is important The Financial Conduct Authority is the independent financial regulator. It requires Cofunds to give this important information to help you decide whether your investment choice is right for you. This fees and charges schedule details the fees and charges that apply to your portfolio on Cofunds and how they are deducted from your portfolio. As fees and charges will affect the growth of your portfolio we also provide a projection of how they may affect your investment in the long-term.

If you are unsure about any of the information provided, or have any questions, please speak to your intermediary who will be able to help you. Copies of all documentation can be provided in a variety of formats. All documentation and communication in relation to Cofunds will be in the English language

Fees and Charges Schedule 4

How to read this document Section 1 - Your platform charges This section explains all the payments you will make directly to us.

Section 2 - Cofunds revenue from third parties This section details any payments we receive from third parties in relation to your investment.

Section 3 - Your Intermediary charges This section details any charges your intermediary could make in relation to investment advice or other services. It includes information on both one-off and ongoing fees.

Section 4 - Fund manager tables This section includes information on the funds included in this Fees and Charges Schedule. This information is provided in tables which clearly show any fund-specific payments to Cofunds, rebates to you and other fund-specific details.

Fund information table explained Investment Details

Initial Charges

Ongoing Charges

1

6

3

Total Fund Total Fund 2 4 Initial Initial Total Manager Manager 5 Fund Fund Initial Initial Ongoing Annual Payment Payment Transaction Amount Charge Charge Commission Commission Charge / Management Renewal To Cofunds To Cofunds Fund Name Type Invested (%) (£) (%) (£) TER (%) Charge (%) Commission (%) (£) Example Lump Sum £4,500.00 5% £225.00 3% £135 1.74% 1.50% 0.50% 0.25% £11.25 Fund 1 Example Fund 2

Transfer

£5,000.00 5%

£250.00 2%

£100

1.67%

1.50%

0.30%

0.25%

£12.50

Other Fund Details 7

8

Fund Name Example Fund 1

Valuation Pricing Time 12:00

Dealing Cut Off Time 11:30

Example Fund 2

12:00

11:15

To determine the yearly payment to Cofunds in monetary terms, simply multiply the amount invested (£) per fund by the total fund manager payment to Cofunds (%) 1. Initial Fund Charge (%) – This is deducted from each lump sum or monthly contribution when it is first invested. 2. Initial Commission (%) – the commission paid to your intermediary and which is deducted from the fund manager’s initial charge. It’s included as part of the total Initial Charge. 3. Total Ongoing Charge/Total Expense Ratio - Total Ongoing Charge applies for funds with a Key Investor Information Document, Total Expense Ratio applies for funds with a Fund Key Features. In both cases the figure represents the total of the Annual Management Charge plus any additional charges and expenses applied by the fund manager. Additional charges might cover, for example, fees paid to trustees. The amount of additional charges and expenses can be found by deducting the Annual Management Charge (found in the relevant Fund Key Investor Information Document and / or Fund Key Features) from the Total Ongoing Charge/Total Expense Ratio amount. 4. Annual Management Charge – This covers the ongoing cost of managing a fund and is charged by the fund manager. 5. Renewal commission – the amount of commission paid to your intermediary on a monthly basis for as long as you continue to hold your investment. In some circumstances, your intermediary may choose to pay back or 'rebate' a portion or all of their renewal commission to you. If you hold funds which are not in ISA, pension or bond wrappers these rebates are taxed at the basic rate of tax. You may be able to reclaim this tax or be liable for additional tax according to your individual circumstances. Tax deductions are not currently included in the illustration in section 5. 6. Total Fund Manager Payment to Cofunds (%) – the percentage amount paid by the fund manager to us to help provide you with market-leading service. This pays for the costs of distributing funds through our platform and the associated administration services we provide to you and your intermediary.

Fees and Charges Schedule 5

7. Valuation Pricing Time – on a business day, the time set by the fund manager when a fund is valued and the price of units set. 8. Dealing Cut-off Time – the time by which an instruction needs to be processed in order to be placed at the next Valuation Pricing Time.

Section 5 - Your platform illustration The tables contained in Section 5 are designed to show you how charges and expenses might affect the performance of your portfolio. The platform illustration will take into account all investments you hold on the platform, including any new investments included in this illustration. The effect of charges takes into consideration any applicable platform, intermediary and fund manager charges. If you have included ISA or Investment funds within the illustration, we’ll also provide an illustration of how charges and expenses may affect the performance of these products.

Fees and Charges Schedule 6

Section 1 - Your platform charges Charges via the Implicit Pricing Model

Voting Rights

Switch Charge

If you switch your investment between directly-held funds, or between funds held in an ISA, we will charge you 0.25% of the amount of money you are switching. For example, if you switch £5,000 of your portfolio the switch charge would be £12.50

With a Cofunds Investment ISA and Junior Investment ISA, you have the right to attend and vote at shareholder meetings of companies in which you hold shares. You can request to be notified of voting events, and you can request us to exercise voting rights on your behalf. Each request will incur a £20 charge to cover our administration costs. Reports and Accounts

You can request paper copies from your intermediary. If you write to us for paper copies, a £20 administration charge will apply.

Fees and Charges Schedule 7

Section 2 – Cofunds revenue from third parties Payments to Cofunds from fund managers

Payments to Cofunds from product providers

Initial Charge

Legal & General Insured Funds

We receive a proportion of the initial charge from the fund managers. We receive between 0% and 0.75% of the investment amount, with an average of 0.09%. Please see Section 4 ‘Total Fund Manager Payments to Cofunds’ for more details.

We receive a fee from L&G for administrative services we provide in relation to bonds and pensions provided by L&G on the Cofunds platform. This fee is currently 0.14% per year of all units held within these products through the Cofunds platform. The fee is paid by L&G directly to us and is not deducted from your units held within the funds on the platform. For example, if you held £50,000 in L&G funds within an L&G Portfolio Plus Pension or Bond, the fee payable to Cofunds by L&G would be £50,000 x 0.14, divided by 12 months = £5.84 per month.

Fund Managers Annual Management Charge

Each year you pay each of your chosen fund managers an Annual Management Charge. The fund manager will pass a proportion of this charge to us. We receive between 0.1% and 0.4% of the value of assets in each fund administered by us, with the average being 0.25%. Please see Section 4 ‘Total Fund Manager Payments to Cofunds’ for more details. Additional payments from fund managers to Cofunds

In addition to the Annual Management Charge, we may also receive additional income from fund managers to help provide a market leading service. We retain this additional charge in the Implicit Pricing Model. Please see Section 4 ‘Total Fund Manager Payments to Cofunds’ for more details.

Legal & General International Portfolio Bond

For commission-included share class funds we receive a fee from L&G for administrative services we provide in relation to investment funds held within the L&G International Portfolio Bond. This fee is currently 0.14% per annum of all units held within these products excluding any money held in the cash account. The fee is paid by L&G directly to us and is not deducted from your units held on the platform. For example, if you held £50,000 invested within an L&G International Portfolio Bond, the fee payable to Cofunds by L&G would be £50,000 x 0.14, divided by 12 months = £5.84 per month.

Fees and Charges Schedule 8

Section 3 – Your intermediary charges Your intermediary has chosen to be paid via commission, which is payable by the fund manager from each of your funds. For specific commission details on each individual fund please see section 4.

Types of commission paid to your intermediary Initial commission

This will be deducted from the fund manager’s initial charge and is included as part of the total Initial Charge. The initial commission you pay when you start your investment is illustrated in the fund information tables (Section 4). Renewal commission paid to your intermediary

The estimated total renewal commission paid to your intermediary over a one year period is illustrated in the fund information tables (Section 4). This is paid to your intermediary on a monthly basis for as long as you continue to hold your investment.

Fees and Charges Schedule 9

Section 4 - Fund Manager Tables Fund information table - Cofunds Investment ISA Investment Details

Initial Charges

Ongoing Charges

Total Fund Total Fund Initial Initial Total Manager Manager Fund Fund Initial Initial Ongoing Annual Payment Payment Transaction Amount Charge Charge Commission Commission Charge / Management Renewal To Cofunds To Cofunds Fund Name Type Invested (%) * (£) * (%) (£) TER (%) Charge (%) Commission (%) (£) Artemis Global Income Lump Sum N/A 3% N/A 0% N/A 1.64% 1.5% 0.5% 0.3319% N/A Retail Class R Inc Invesco Perpetual High Income Retail Inc

Lump Sum N/A

3%

N/A

0%

N/A

1.69%

1.5%

0.5%

0.2563%

N/A

M&G Global Dividend Lump Sum N/A Retail Class A Inc

3%

N/A

0%

N/A

1.66%

1.5%

0.5%

0.255%

N/A

Marlborough Multi Cap Income Lump Sum N/A Retail Class A Inc

3%

N/A

0%

N/A

1.64%

1.5%

0.5%

0.25%

N/A

Newton Emerging Income Retail Sterling Shares Inc

Lump Sum N/A

3%

N/A

0%

N/A

1.75%

1.5%

0.5%

0.2575%

N/A

Schroder UTL Asian Income Retail Inc

Lump Sum N/A

0%

N/A

0%

N/A

1.7%

1.5%

0.5%

0.28%

N/A

To determine the yearly payment to Cofunds in monetary terms, simply multiply the amount invested (£) per fund by the total fund manager payment to Cofunds (%). * Where the transaction type is a Switch, this column represents the cost of switching.

Fees and Charges Schedule 10

Fund information table - Cofunds Investment ISA Other Fund Details Fund Name Artemis Global Income Retail Class R Inc

Valuation Pricing Time 12:00

Dealing Cut Off Time 11:00

Invesco Perpetual High Income Retail Inc

12:00

11:00

M&G Global Dividend Retail Class A Inc

12:00

11:00

Marlborough Multi Cap Income Retail Class A Inc

12:00

11:00

Newton Emerging Income Retail Sterling Shares Inc

12:00

11:00

Schroder UTL Asian Income Retail Inc

12:00

11:00

Fees and Charges Schedule 11

Section 5 – Your platform illustration Details of your platform illustration The tables in this section are designed to show you how charges might affect the performance achieved on your platform portfolio. The actual charges and expenses, yields and growth rates you experience may be higher or lower than those illustrated. The platform illustration will take into account all investments within your portfolio, including any new investments included within this illustration. What you might get back takes into consideration any applicable platform charges, adviser charges, fund manager charges and withdrawals. If you have included ISA or Investment Funds within the illustration, we’ll also provide an illustration of how charges and expenses may also affect the performance of these products. Type of illustration

New Investments

Illustration amount

Existing Portfolio value: £0 New portfolio value: £50,000 Total portfolio value included in the illustration: £50,000

Illustration term

25 Years

Platform pricing

Implicit Pricing Model

Accounts included

Example Account 1

Account income option

Regular withdrawal: £50 per month

Regular withdrawal

Account: A90075A1H Regular Withdrawal - £50 a Month

Regular withdrawal term (if applicable)

25 years

Sell down applied

Yes - Account: A90075A1H

One-off advice fee

Not applicable - your intermediary has chosen to take commission in association with your investment

Ongoing advice fee

Not applicable - your intermediary has chosen to take commission in association with your investment

Products

Investment Funds

Projected growth of your investments – platform illustration There are assumptions made for the purposes of this illustration. The actual charges, expenses, income yield and growth rates you experience on your chosen funds may be higher or lower.

Platform illustration table At the end of year

Investment to date £

Income to date £

Fund manager charges to date £

Adviser Charges to date £

Regular withdrawals to date £

What you might get back

1

50,000.00

1,523.57

1,747.71

1,748.85

600.00

50,996.61

3

50,000.00

4,810.10

2,282.06

2,285.64

1,800.00

56,384.40

5

50,000.00

8,443.95

2,872.89

2,879.16

3,000.00

62,344.98

10

50,000.00

19,300.42

4,638.02

5,552.36

6,000.00

80,171.26

15

50,000.00

33,263.82

6,908.30

7,833.02

9,000.00

103,133.02

18

50,000.00

43,495.85

8,571.90

9,504.23

10,800.00

119,978.83

20

50,000.00

51,230.07

9,829.40

10,767.47

12,000.00

132,721.99

25

50,000.00

74,355.66

24,233.94

14,544.60

15,000.00

170,867.10

The bottom line of the table shows that, over 25 years, the total effect of charges and expenses could amount to £38,778.53. If the combined growth rate of your platform portfolio was 6.50% per year which is not guaranteed, these costs could reduce the growth rate to 5.04% per year.

Fees and Charges Schedule 12

Projected growth of your investments – Cofunds Investment ISA Account: Example Account 1

There are assumptions made for the purposes of this illustration. The actual charges, expenses, income yield and growth rates you experience on your chosen funds may be higher or lower.

Cofunds Investment ISA table At the end of year

Investment to date £

Income to date £

Fund manager charges to date £

Sell downs to date £

Adviser charges to date £

What you might get back

1

10,000.00

305.97

349.75

-

349.97

10,276.15

3

10,000.00

973.50

458.28

-

459.00

11,533.16

5

10,000.00

1,722.68

580.09

-

581.37

12,943.92

10

10,000.00

4,021.48

953.84

-

1,856.83

17,272.69

15

10,000.00

7,089.04

1,452.59

-

2,357.86

23,049.10

18

10,000.00

9,402.26

1,828.70

-

2,735.68

27,405.04

20

10,000.00

11,182.48

2,118.14

-

3,026.45

30,757.29

25

10,000.00

16,644.86

3,006.25

-

3,918.62

41,043.29

The bottom line of the table shows that over 25 years, the total effect of charges and expenses could amount to £6,924.88. If the combined growth rate of your ISA portfolio was 7% per year which is not guaranteed, these costs could of reduce the growth rate to 5.81% per year.

Projected growth of your investments – Investment Funds Account: Example Account 1

There are assumptions made for the purposes of this illustration. The actual charges, expenses, income yield and growth rates you experience on your chosen funds may be higher or lower.

Investment Funds table At the end of year

Investment to date £

Income to date £

Fund manager charges to date £

Sell downs to date £

Adviser charges to date £

What you might get back

1

40,000.00

1,217.60

1,397.97

-

1,398.87

40,720.46

3

40,000.00

3,836.60

1,823.78

-

1,826.64

44,851.24

5

40,000.00

6,721.27

2,292.80

-

2,297.79

49,401.06

10

40,000.00

15,278.94

3,684.17

-

3,695.53

62,898.57

15

40,000.00

26,174.77

5,455.70

-

5,475.16

80,083.92

18

40,000.00

34,093.58

6,743.21

-

6,768.55

92,573.78

20

40,000.00

40,047.60

7,711.26

-

7,741.02

101,964.70

25

40,000.00

57,710.80

9,383.08

-

10,625.97

129,823.81

The bottom line of the table shows that over 25 years, the total effect of charges and expenses could amount to £20,009.06. If the combined growth rate of your Investment Funds portfolio was 6% per year which is not guaranteed, these costs could reduce the growth rate to 4.82% per year.

Fees and Charges Schedule 13

Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and risks of this fund. You are advised to read it so you can make an informed decision about whether to invest.

Artemis Global Income Fund Class R Distribution Units [ISIN: GB00B5VLFH80], R Accumulation units [ISIN: GB00B5V2MP86] The fund is managed by Artemis Fund Managers Limited.

Objectives and investment policy Objective: The fund aims to increase the value of units and the income paid from them over the long term. Policy: • The fund will principally invest (a minimum of 80%) in company shares anywhere in the world. • The fund has discretion in its choice of investments, and is not restricted by the size of the company, the industry it trades in, or the geographical spread of the portfolio. • The fund can also invest in derivatives (financial contracts whose value is linked to the expected future price movement) and fixed interest securities which are investments (which could be issued by a company, a government or another entity) that pay a fixed level of income or interest. • The fund may use investment techniques to protect the value of the fund. This involves using derivatives and forward contracts in order to reduce the risks otherwise associated with making investments in currencies other than the fund’s accounting currency (sterling).

Other information: • Investment in the fund should be regarded as a medium to long-term investment. • You can buy and sell units Monday to Friday, except on UK Public holidays, each week. • Transactions are processed at 12 noon and we will include your instructions to buy or sell units if it is received before that point. • If you hold accumulation units any income the fund receives is reinvested into the fund and automatically reflected in the value of the units. • If you hold distribution units any income the fund receives can be paid out to you. For further explanation of some of the terms used above, please visit our website artemis.co.uk to view a glossary of terms.

Risk and reward profile Typically lower rewards

Typically higher rewards

Lower risk

1

2

Higher risk

3

4

5

6

7

• This indicator is based on historical data and may not be a reliable indication of the future risk profile of the fund. • The risk category shown is not guaranteed and may change over time. • A risk indicator of “1” does not mean that the investment is “risk free”. • The indicator is not a measure of the possibility of losing your investment. The risk indicator for the fund is as above because: • The price of units, and the income from them, can fall and rise because of stockmarket and currency movements. • Stockmarket prices, currencies and interest rates can move irrationally and can be affected unpredictably by diverse factors, including political and economic events. • A portion of the fund’s assets may be invested in a currency other than the fund’s accounting currency (sterling). The value of these assets, and the income from them, may decrease if the currency falls in relation to sterling, in which the fund is valued and priced.

• A portion of the fund’s assets may be invested in new, emerging markets. Investment in emerging markets can involve greater risk than that usually associated with more established markets. This means that aboveaverage rises and falls in unit prices can be expected. • Investments in fixed interest securities are subject to market and credit risk and will be impacted by movements in interest rates. Interest rate movements are determined by a number of economic factors, in particular market expectations of future inflation. • The fund can invest in higher-yielding bonds, which may increase the risk to your capital due to a higher likelihood of the company issuing the bonds failing to pay returns on investments. Changes to market conditions and interest rates can have a larger effect on the values of higher-yielding bonds than other bonds.

Charges • The charges you pay are used to pay the costs of running the fund, including the costs of marketing and distributing it. The charges reduce the potential growth of your investment. • The entry charge is included in the purchase price of each unit. • At present, there is no exit charge. One-off charges taken before or after you invest Entry charge

5.25%

Exit charge

0.00%

This is the maximum that might be taken out of your money before it is invested. Charges taken from the fund over a year Ongoing charges

1.66%

Charges taken from the fund under certain specific conditions Performance fee

None

• The entry and exit charges shown are maximum figures. In some cases (including when switching to other funds run by Artemis Fund Managers Limited) you might pay less – you can find out actual entry and exit charges from your financial adviser. • The ongoing charges figure is based on the expenses for the year ending 28 February 2013. • Ongoing charges may vary from year to year and reduce the potential growth of your investment. The figure for ongoing charges excludes costs associated with buying and selling securities in the funds’ underlying portfolios (for example, broker’s commission and stamp duty, currently 0.5%), except in the case of an entry/exit charge paid by the fund when buying or selling units in another collective investment undertaking. • To provide levels of income consistent with the fund’s aims, we take the annual management charge from capital. This will restrict the increase in the value of units.

Past performance 20% 14.7%

15% Percentage change

10% 5% 0%

• This fund was launched on 19 July 2010. • How the fund has performed in the past is not a guide to how it will perform in the future. • Past performance in the chart shown includes all charges except entry charges. • This past performance chart is calculated using the distribution units. • Performance is calculated in sterling.

-5% -5.5% -10%

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Practical information • The Trustee of the fund is National Westminster Bank plc. • Further information about the fund can be obtained from the fund’s prospectus and the latest annual and half-yearly reports. The documents are in English and available free of charge. These can be found, along with other information such as the price of the fund’s units, at artemis.co.uk or by phoning 0800 092 2051. • UK tax legislation may have an impact on your personal tax position. • Artemis Fund Managers Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the fund.

AGIRD

• You can switch your investments between funds or types of unit in the Artemis range. For further information, please refer to the prospectus, artemis.co.uk or phone 0800 092 2051. • The fund is authorised in the UK and regulated by the Financial Conduct Authority. • Artemis Fund Managers Limited is authorised in the UK and regulated by the Financial Conduct Authority. • This key investor information is accurate as at 28 February 2013.

Key Investor Information This document provides you with key investor information about this Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Fund. You are advised to read it so you can make an informed decision about whether to invest.

Invesco Perpetual High Income Fund Income share class (ISIN: GB0033054015) A sub-fund of the Invesco Perpetual UK Investment Series ICVC This Fund is managed by Invesco Fund Managers Limited, part of the Invesco Group

Objectives and Investment Policy – The objective of the Fund is to achieve a high level of income together with capital growth – The Fund invests primarily in shares of UK companies but may include some international investments –  The Fund may use derivatives (complex instruments) to manage the Fund more efficiently, with the aim of reducing risk, minimising costs or generating additional capital or income

– The Fund is actively managed within its objectives and is not constrained by a benchmark – You can buy, sell and switch shares in the Fund on any UK business day – Any income is paid bi-annually –  Recommendation: The Fund may not be appropriate if you plan to withdraw your money within 5 years

Risk and Reward Profile Lower risk

Higher risk

Typically lower rewards

1

2

3

Typically higher rewards

4

5

6

7

The risk category above is not a measure of capital loss or gains, but of how significant the rises and falls in the Share Class price have been historically.

Other risks The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and you may not get back the full amount invested. Over time, inflation may erode the value of investments. As one of the key objectives of the Fund is to provide income, the annual management charge is taken from capital rather than income. This can erode capital and reduce the potential for capital growth.

As the Share Class risk category has been calculated using historical data, it may not be a reliable indication of the Share Class future risk profile.

The Fund may use derivatives (complex instruments) in an attempt to reduce the overall risk of its investments, reduce the costs of investing or generate additional capital or income, although this may not be achieved. The use of such complex instruments may result in greater fluctuations of the value of the Fund. The Manager, however, will ensure that the use of derivatives within the Fund does not materially alter the overall risk profile of the Fund.

Please note that the Share Class risk category may change in the future and is not guaranteed. The lowest risk category does not mean a risk free investment.

The Fund’s performance may be adversely affected by variations in the relative strength of world currencies or if Sterling strengthens against those currencies.

The Share Class is in risk category 6 as its price has experienced very significant rises and falls historically.

A more detailed description of risk factors that apply to this Fund is set out in Section 30 of the Prospectus.

For example a share class whose price has experienced significant rises and falls will be in a higher risk category, whereas, a share class whose price has experienced less significant rises and falls will be in a lower risk category.

Charges The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge 5.00% Exit charge None Any charges shown are the maximum that might be taken out of your money before it is invested. Charges taken from the Fund over a year Ongoing charges 1.69% Charges taken from the Fund under certain specific conditions Performance fee

None

The entry charge shown is a maximum figure. In some cases you might pay less – you can find this out from your financial adviser or distributor. The ongoing charges figure is based on expenses for the year ending 31 December 2012. This figure may vary from year to year and excludes portfolio transaction costs. If you switch funds within the Invesco Perpetual range you will be charged a maximum 1% entry charge on your new fund. For more information about charges, please see Appendix 1, sections E and F of the Fund’s Prospectus, which is available at www.invescoperpetual.co.uk

Past Performance The Fund was launched on 6 February 1988.

% growth 30

22.8 21.7

27.0 27.3

This Share Class was launched on 6 February 1988.

20

9.8 10.9 9.0

7.0

10

7.7

0 -10

Performance figures are calculated in Sterling on a mid price basis and include net reinvested income. The calculation incorporates the annual management charge and all other Fund expenses but excludes the entry charge. The base currency of the Fund is Sterling.

-20

-19.4

Past performance is not a guide to future returns.

08

07

06

05

04

03

12 20 11 20 10 20 09

20

20

20

20

20

20

20

Practical Information – Depositary: Citibank International plc – The UK tax regime may have an impact on your personal tax position – You can check the latest price for this Share Class in The Financial Times or on our website – You are entitled to switch from this Fund to another fund on request, subject to a switching charge – Invesco Fund Managers Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus for the Fund – The Fund has its own specific portfolio of assets and liabilities. However, where debts arise from other sub-funds within the same Investment Series creditors may look to this Fund’s assets for payment

–  The following share classes are available for the Fund: Accumulation, Income, Accumulation (No Trail), Income (No Trail), Z Accumulation and Z Income. –  For further details, or to receive a free copy in English of the Prospectus and the latest Annual or Interim Short Report, please visit our website at www.invescoperpetual.co.uk or call us on 0800 085 8677.

This Fund is authorised in the United Kingdom and regulated by the Financial Services Authority Invesco Fund Managers Limited is authorised in the United Kingdom and regulated by the Financial Services Authority This Key Investor Information is accurate as at 19 February 2013. 51977-2b/PDF/190213

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Key Investor Information This document provides you with key investor information about this Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Fund. You are advised to read it so you can make an informed decision about whether to invest.

M&G Global Dividend Fund Sterling Class A - Income shares ISIN no. GB00B39R2M86 Sterling Class A - Accumulation shares ISIN no. GB00B39R2L79 Managed by M&G Securities Limited, which is part of the Prudential Group

Objective and investment policy Objective Income and growth. Investment policy At least 70% of investment is in shares of companies from anywhere in the world. The Fund may invest in derivatives [financial instruments whose value is linked to the expected future price movements of an underlying asset]. You can buy and sell shares in the Fund on any business day. Provided we receive your instruction before 12 noon, shares will be bought at that day’s price.

Risk and reward profile Low risk

High risk

Typically lower rewards

1

2

Typically higher rewards

3

4

5

6

• 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.

This Fund allows the fund manager to make discretionary choices when deciding which investments should be held in the Fund.

• The risk number shown is not guaranteed and may change over time.

If you hold income shares, any income from the Fund may be paid out to you.

• The lowest risk number does not mean risk free.

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.

7

The Fund has the above risk number because of the effect of the following risks: • The value of stockmarket investments, and the income from them, will fluctuate. This will cause the Fund price to fall as well as rise and you may not get back the original amount you invested. • Any investment in international companies means that currency exchange rate fluctuations will have an impact on the Fund. • There is a risk that one or more countries will exit the Euro and re-establish their own currencies. In light of this uncertainty or in the event that this does occur, there is an increased risk of asset prices fluctuating or losing value. It may also be difficult to buy and sell securities and issuers may be unable to repay the debt. In addition, there is a risk that disruption in Eurozone markets could give rise to difficulties in valuing the assets of the Fund. In the event that it is not possible to carry out an accurate valuation of the Fund, dealing may be temporarily suspended. • Emerging markets – The Fund can invest in emerging markets which tend to have larger price fluctuations than more developed countries. The Fund may encounter difficulties when buying and selling these investments or converting the proceeds of a sale or any income earned back into the base currency of the Fund.

• The Fund invests mainly in one area of the market. It is therefore more vulnerable to the market sentiment of that specific area. This type of fund can carry a higher risk and can experience larger than average price fluctuations when compared to a fund with a broader investment universe.

130207153339 UK K1 GLOD GBP A EN UK 0002 0000

• The Fund invests in the shares of companies that pay dividends. In certain market conditions companies may reduce or even suspend paying dividends until conditions improve. This will impact the level of income distributed by the Fund.

GLOD_GBP_A_UK_K1_EN_UK

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Charges

Past performance

The charges shown in the table are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge 4.00% Exit charge 0.00% This is the maximum that might be taken out of your money before it is invested.

% 30.0 25.0 20.0 15.0 10.0 5.0 0.0 (5.0)

28.0 19.9 11.1

2008

Charges taken from the Fund over a year Ongoing charge

2009

2010

(2.4) 2011

2012

Fund

1.66% • Past performance is not a guide to future performance.

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 past performance calculation does not take into account the entry and exit charges but does take into account the ongoing charge, as shown in the Charges section. • The Fund launched on 18 July 2008 and the share class launched on 18 July 2008. • Past performance is calculated using Sterling Class A shares.

The ongoing charge is based on expenses for the year ending 31 March. This figure may vary from year to year. It excludes performance fees and portfolio transaction costs (except in the case of an entry / exit charge paid by the Fund when buying and selling shares in another fund). The ongoing charge is taken from investments held in the Fund’s portfolio and not from the income these investments produce. The deduction of this charge may reduce the potential growth of your investment. For more information on charges, please refer to the relevant sections of the Prospectus which can be found by visiting www.mandg.co.uk/literature

Practical information

130207153339 UK K1 GLOD GBP A EN UK 0002 0000

The depositary is National Westminster Bank plc. For further information about this Fund, please visit www.mandg.co.uk/literature 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.

This Fund is authorised in the UK and regulated by the Financial Services Authority (FSA). M&G Securities Limited is authorised in the UK and regulated by the FSA. This key investor information is accurate as at 15 February 2013.

Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest.

Marlborough Multi Cap Income Fund, Class A Shares a sub-fund of the Marlborough No2 OEIC (ISIN Income GB00B42TBF45, Accumulation GB00B5L8VH15)

This fund is managed by Marlborough Fund Managers Ltd

Objectives and Investment Policy The Marlborough Multi Cap Income Fund aims to seek to generate an attractive and growing level of dividend income in addition to long term capital growth by investing in a diversified portfolio of equities predominantly listed in the UK. The Fund will invest primarily in the shares of small to medium capitalisation companies where both capital and dividend growth are anticipated.

decide which investments to buy and when within the constraints of the objectives and policy. The Marlborough Multi Cap Income Fund pays income. If you wish to receive this please tell us. If you do not want to receive income you will be given accumulation shares which means income is invested back into the fund and reflected in the price of your shares.

The Fund may also invest in, but is not limited to, the shares of large capitalisation companies as well as cash and near cash. You can sell all or part of your investment whenever you like subject to the minimum holding requirements. The Fund may invest in derivatives and forward transactions for the reduction of risk or costs. It is intended that the Fund will be managed so that it is eligible for quotation within the Investment Management Association's UK Equity Income Sector. Hargreave Hale Limited, the Investment Adviser to the Fund,

Risk and Reward Profile Lower risk

Higher risk

Typically lower rewards

1

2

3

The risk and reward indicator above aims to provide you with an indication of the overall risk and reward profile of the fund. It is calculated based on the volatility of the fund using weekly historic returns over the last five years. If five years data is not available for a fund, the returns of a representative portfolio are used.

Typically higher rewards

4

5

6

7

volatile over shorter time periods. The Fund invests mainly in the UK. Therefore it may be more vulnerable to market sentiment in that country.

As the risk and reward indicator is calculated based on historical data it may not be a reliable indication of the future risk profile of the fund.

To ensure that the principal objective of providing an above average and subsequently increasing level of income can be met, the annual Manager’s charge is deducted from capital rather than income. Future capital growth may be constrained as a result.

The risk category shown is not guaranteed and may change over time. The lowest category does not mean ’risk free’.

A more detailed description of the risks that apply to this Fund can be found in the prospectus.

The value of investments and the income from them may fall as well as rise and you may not get back the amount you originally invested. This Fund has been measured as 6 because it has experienced high volatility historically. The Fund invests in smaller companies which carry a higher degree of risk than larger companies. The shares of smaller companies may be less liquid and their performance more

Charges for this Fund The charges you pay are used to pay the costs of running the fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge

5.25%

Exit charge

N/A

The entry and exit charges shown are maximum figures. In some cases you may pay less - you can find this out from your financial adviser.

This is the maximum that might be taken out of your money before it is invested.

The ongoing charges figure is based on expenses for the year ending 31/07/2012. This figure may vary from year to year. It excludes: • 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

Charges taken from the fund over a year

For more information about charges, please see Sections 21 - 23 of the fund’s prospectus, which is available at www.marlboroughfunds.com

1.64%

Ongoing charges

Charges taken from the fund under certain specific conditions N/A

Performance fee

23.06

Past Performance

-2.43

14.8

14.52

For 30 funds with less than 5 complete calendar years 24.0 performance20data, the graph should cover the last 5 years only. For funds with less than 10 years, the years for which per10 formance information is not available should be shown as blank0 with no annotation other than the date. -10

%

Each bar must include a label indicating the % return to 1dp

Past performance is not a guide to future returns. Performance figures are calculated in Sterling on a bid price basis and include net reinvested income. They include the annual management charge and all other fund expenses but do not include the entry charge. The Fund was launched on 1 July 2011.

-20

For new shares classes launched in existing funds use the per-30 formance for-28.91 an existing share class.

This Share Class was launched on 1 July 2011.

2012

2011

2010

2009

2008

-40

Marlborough Multi Cap Income A Acc Mstar (IMA) UK Equity Income

Practical Information • The minimum investment is £1,000. If you wish to sell all or part of your investment please write to us at Marlborough House, 59 Chorley New Road, Bolton, BL1 4QP or telephone 0808 145 2501. Your deal will be placed at the next valuation point after we receive your instruction. The valuation point is at 12 noon on each dealing day, as set out in the prospectus. • The Depositary for the fund is HSBC Bank Plc • The prospectus, short report and annual report and accounts for the fund are available free of charge at www.marlboroughfunds.com or by calling 0808 145 2500. The documents are available in English only. • UK taxation may have an impact on your personal tax position. • Fund prices are available on our website www.marlboroughfunds.com. Some price information is also published in the Financial Times. • You may switch to any fund in the Marlborough range on request, subject to a switching charge. • Other share classes of the Fund are available. For further details please see the Fund’s Prospectus which is available at www.marlboroughfunds.com. The Prospectus, Annual and Half-Yearly Reports cover all the funds within Marlborough No 2 OEIC. The sub-funds of the OEIC are not segregated by law. In the unlikely event of one sub-fund having debts, the assets of the other funds may be used to settle these. • For further details including how to invest please see the Supplementary Information Document which is available at www.marlboroughfunds.com or call 0808 145 2500. • Marlborough Fund Managers Ltd may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the UCITS. This fund is authorised in the United Kingdom and regulated by the Financial Services Authority. Marlborough Fund Managers Ltd is authorised in the United Kingdom and regulated by the Financial Services Authority. This key investor information is accurate as at 31.01.2013

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 Emerging Income Fund Sterling Income Shares (ISIN: GB00B8HVVL95) a sub-fund of BNY Mellon Investment Funds This Fund is managed by BNY Mellon Fund Managers Limited

OBJECTIVES AND INVESTMENT POLICY

Investment manager

§ limit investment in other mutual funds to 10%.

The investment manager is Newton Investment Management Limited, part of The Bank of New York Mellon Corporation.

The Fund may:

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 a number of global emerging market countries.

Policy

§ 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 paid to shareholders quarterly on or before 28 February, 31 May, 31 August and 30 November.

The Fund will: § invest in global emerging markets; § invest in company shares and similar investments; § 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;

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 GBP 1,000.

§ typically invest in fewer than 70 company shares; and RISK AND REWARD PROFILE

Lower risk Potentially lower reward

1

2

3

Higher risk Potentially higher reward

4

5

6

7

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.

§ 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 global emerging markets 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 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".

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.

The entry charge shown is a maximum figure but you may pay less. The actual entry charge can be obtained from your financial adviser or distributor.

One-off charges taken before or after you invest Entry charge 4.00% 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.

The ongoing charges figure shown here is an estimate of the annualised charges. An estimate is being used because the share class was launched within the reported period. The Fund's annual report for each financial year will include details on the exact charges made. This may vary from year to year.

Charges taken from the Fund over a year

More information about charges is available in the Prospectus.

Ongoing charge

1.75%

Charges taken from the Fund under certain specific conditions Performance fee

None

PAST PERFORMANCE

The chart includes all charges except entry charges.

% 20 10

This chart has been left blank intentionally as there is

Fund launch date - 4 October 2012.

less than one full calendar year's performance data

Share class launch date - 4 October 2012.

available.

Performance of this share class is calculated in sterling.

0 -10

Past performance is not a guide to future performance.

-20

2008

2009

2010

2011

2012

PRACTICAL INFORMATION

Documents: The Fund is a sub-fund (part) of BNY Mellon Investment Funds ("BNY MIF"). Copies of the Prospectus, annual and semi-annual reports for BNY MIF may be obtained free of charge from www.bnymellonam.com or from BNY Mellon Asset Management International Ltd, 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 Services Authority. BNY Mellon Fund Managers Limited is authorised in the United Kingdom and regulated by the Financial Services Authority. This key investor information is accurate as at 7 May 2013.

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 Asian Income Fund an Authorised Unit Trust of Schroder Unit Trusts Limited Class A Income (GB0007809592) 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 companies in the Asia Pacific region (excluding Japan, but including Australia and New Zealand) offering attractive dividend opportunities. The fund has no bias to any particular country or industry. The fund aims to generate stable long-term returns through a combination of capital growth and income streams typically at a lower level of volatility than the market. Income now represents a substantial portion of total long-term equity returns from Asia (excluding Japan), and we invest in the shares of companies in this region that we believe will benefit from this trend.

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 efficiently. Benchmark This unit class is managed with reference to the MSCI AC Pacific ex Japan (NDR) 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 pays income received from the fund's investments to you half yearly.

Risk and Reward Profile Lower risk Potentially lower reward

1

2

Higher risk Potentially higher reward

3

4

5

6

7

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 Credit risk / structured products: In order to access restricted markets, the fund may invest in structured products. Should the counterparty default, the value of these structured products may be nil. Liquidity risk / small cap liquidity risk: Investments in small companies can be difficult to sell quickly which may affect the value of the fund and, in extreme market conditions, its ability to meet redemption requests upon demand. Market risk / emerging markets & frontier: Emerging markets will generally be subject to greater political, legal, counterparty and operational risk. 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.

Schroder Unit Trusts Limited Schroder Asian Income 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

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

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.

Charges taken from the fund under certain specific conditions

The ongoing charges figure is based on the last year's expenses for the year ending December 2012 and may vary from year to year.

Performance fee

Please see the prospectus for more details about the charges.

Ongoing Charge

1.70% None

Past Performance %

¢ A Income (GB0007809592) ¢ MSCI AC Pacific ex Japan (NDR)

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.

60 40

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.

20 0 -20

The fund was launched on 19 February 1990.

-40 2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

22.9

8.3

33.1

4.1

21.0

-22.7

49.0

28.7

-9.0

23.3

31.5

13.4

33.6

13.0

27.8

-30.1

48.2

21.6

-13.0

16.7

1 2

1 Performance achieved during this period was achieved in circumstances that no longer apply. The fund's objectives and investment policy were changed in 2006. 2 The fund was managed with reference to the MSCI AC Pacific (Japan at 10%) index until December 2009.

Practical Information Trustee: J. P. Morgan Trustee and Depository 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 www.schroders.com/ukinvestor and from Schroder Investments Limited, PO Box 1102, Chelmsford, Essex, CM99 2XX, England, telephone 0800 718 777. 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 www.schroders.com/ukinvestor/glossary.

This fund is authorised in the United Kingdom and regulated by the Financial Services Authority (FSA). This key investor information is accurate as at 19 February 2013.