This document is for use with a financial adviser only.

Global PartnersHarnessing the power of the world’s market-leading asset managers

2 Global Partners

OverviewWe began with a vision of harnessing the power of the world’s market-leading asset managers and bringing them together in one place. Over the past five years, together with our Global Partner fund groups, this goal has been achieved and enables us to deliver excellent portfolio management and outstanding value to you and your clients.

But we haven’t rested on our laurels; evolution and improvement is a continuous theme at Quilter Investors. We have an enduring focus on delivering innovative solutions that offer greater diversification, consistent growth, and access to leading alternative asset class managers. This type of investment rigour is more important than ever, thanks to the constantly changing world in which we live.

Our Global PartnersOur Global Partners are all recognised as leading investment houses. They offer a broad range of high-quality strategies across different asset classes, sectors, and geographies. They are home to some of the world’s most well-known fund managers and are rightly renowned for their exceptional capabilities when it comes to managing client money.

The carefully selected fund groups that make up our Global Partners currently manage over £13.6 trillion* of client money.

*As at 30 June 2019

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This diversity of the available investment strategies gives the width and quality to build robust portfolios capable of delivering positive outcomes for your clients.

Ability to manage in all market conditions

Know their strengths

Understand their

limitations

Proven skills

Extensive industry

experience

Conviction to invest

for the long term

Transparency of process

Strong track

record

The benefitsOur Global Partners span the world from San Francisco to Singapore. They give access to an unrivalled wealth of insight, expertise, and execution excellence – all of which we’ve brought together to make life easier for you and your clients.

The depth and breadth of our Global Partners offering is evidenced by the number of potential investment choices available. In aggregate, they provide access to over 4,800 different strategies – many of which just aren’t available to the everyday retail investor.

For example, JP Morgan Asset Management offers access to 221 different investment strategies including the JPM US Growth Advantage strategy managed by Tim Parton. This strategy isn’t available anywhere else in the UK retail market, but it forms part of our US Equity Growth mandate.

The reach of our Global Partners also allows access to some of the more esoteric and boutique investment house offerings.

For instance, BNY Mellon runs a multi-boutique model that brings together world-class investment specialists and operational excellence across every major asset class in more than 100 markets and 35 countries.

We can engage any one of BNY Mellon’s boutique asset management companies to work for you and your clients.

Another benefit is the considerable buying power that stems from working with a group of carefully selected partners; we have the leverage to drive down costs for your clients, without compromising on quality.

Selection criteriaOur chosen Global Partners must all share our passion for investment and our commitment to helping clients achieve their financial ambitions. Consequently, we use a very rigorous research process when selecting new partners. Potential candidates are screened against the depth and quality of their investment propositions; their distinctiveness and reach; their level of brand awareness; their commercial standing; and their ability to manage sub-advised mandates.

Just as importantly, all of our Global Partners must be stable and robust investment businesses. If we can’t be sure that a manager will be ‘here tomorrow’, then we won’t consider entrusting your clients’ money to them.

4 Global Partners

Research and analysis The Quilter Investors Fund Research team is responsible for identifying and researching the strategies from our Global Partners. As part of this process, the team will consider a manager’s philosophy, their process, their people, and their performance.

When validating and assessing current managers and screening for new ones, the team of seven analysts undertake over 17,000 hours of fund research every year using a myriad of analytical applications, proprietary tools, and technical models.

However, nothing can replace face-to-face contact, so they attend over 1000 meetings a year. This interaction remains integral to the process of monitoring existing strategies and adding new ones.

Exhaustive research is undertaken before approving any new strategy for investment. But it doesn’t stop there – the Fund Research team also continues to conduct regular meetings with all of our existing managers to ensure the initial rationale for holding the investment still stands.

Replacing managersWhile the fund groups and strategies are chosen with a long-term view, the process has the flexibility to add, replace, or remove fund managers and/or fund groups where necessary.

A manager will typically be replaced when the portfolio managers and the Fund Research team both lose conviction in the manager’s ability to deliver good outcomes for investors. Conviction, or lack of it, comes from regularly meeting the managers, coming to understand how they operate, and recognising changes in behaviour when they happen – both good and bad.

While manager meetings and performance monitoring are key drivers of possible change, we might also replace managers for other reasons, such as incumbent managers moving companies, retiring, or taking on different roles. In such circumstances, the Fund Research team will closely monitor the situation making recommendations along the way.

The structure of the sub-advised mandates in terms of names and fund objectives allows efficient changing of investment advisers and fund groups where we believe it will enhance customer outcomes.

10 full time analysts

17,000hours of fund research

every year

1000+ meetings

Sub-advised mandatesOne of the key criteria when selecting our Global Partners is their ability to manage sub-advised mandates.

The reason for this is the many benefits and advantages that come with sub-advised mandates compared to mainstream retail funds – advantages that can be passed along to you and your clients.

CostThe bespoke nature of sub-advised mandates allows costs to be reduced for you and your client. For example, if an external fund manager stopped running an external fund for whatever reason, you may want to

switch your clients. Sub-advised mandates allow a change of manager to be made in this type of event, which could reduce the transition costs to your clients.

FlexibilityMany of the investment advisers run the sub-advised mandates in a similar way to their main retail fund. However, the sub-advised mandates provide additional flexibility to refine the mandate to reflect a desired customer objective.

TransparencyThe transparency that comes with the use of sub-advised mandates allows sight of every single trade and deal placed. This gives the ability to

review how the fund is being managed and to ensure that the manager is sticking to the objective they’ve been given.

MonitoringThe look-through to individual trade level provides greater ability to hold the fund managers to account for their performance. We can see where value has been added, or not as the case may be, and review this in the regular investment adviser meetings.

Overview (cont’d)

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Oversight and governanceOur Global Partners are subject to a number of layers of oversight and governance to give you and your clients added confidence.

Quilter Investors

Quilter Investors Limited is the Authorised Corporate Director (ACD) for all of the sub-advised funds managed by our Global Partners and is obliged to ensure the managers it appoints to run the funds are suitable individuals and capable of delivering to the funds’ objectives.

Quilter Investors is responsible for the regulatory oversight of the funds, which involves:

– Monitoring the sub-advised funds to ensure the manager adheres to the guidelines within the mandate and is aligned to the originally intended design;

– Ensuring receipt of annual due diligence questionnaires from each sub-adviser group;

– Measuring fund performance against mandate targets on a quarterly basis.

The Global Partners Forum

The Global Partners Forum is the delegated body specifically responsible for the oversight and monitoring of our Global Partners and the funds from which Quilter Investors’ multi-asset portfolios can be constructed. The members of the Forum are tasked with taking appropriate action to deliver good outcomes for your clients.

They decide the number and type of mandates to ensure there is appropriate coverage for the construction of multi-asset portfolios. The addition of new sub-advised mandates is based on the identification of a clear investment/customer need.

The Global Partners Forum consists of representatives from across Quilter Investors. Its objective is to provide a governance structure that ensures:

– The funds consist of high-quality fund groups, managers and strategies;

– The funds remain appropriate for Quilter Investors’ portfolio managers so they can build robust investment solutions offering good customer outcomes;

– The Fund Research team’s views are considered and decisions are made promptly regarding the constituent funds and managers;

– The feedback from portfolio managers regarding their ongoing requirements can be received and direction provided to the Fund Research team and the Head of Strategic Partners on how their needs can be best supported.

6 Global Partners

Global PartnersOur Global Partners are home to some of the world’s most successful and well-known fund managers. Many of the sub-advised mandates will be run in a similar way to the successful retail strategies, but with added flexibility and transparency.

Quilter Investors Precious Metals Equity Fund

Evy HambroEvy is the Chief Investment Officer of the Natural Resources Equity team within BlackRock’s Alpha Strategies Group and the Global Head of Commodities. He sits on the BlackRock Global Operating Committee and is a member of the Alpha Strategies Partner Group. He is also manager of a number of the team’s portfolios.

Tom HollTom Holl, Director and portfolio manager, is a member of the Natural Resources team within the Fundamental Equity division of BlackRock’s Alpha Strategies Group. He is responsible for covering the mining and gold sectors. Tom moved to his current role in 2008. His service with the firm dates back to 2006.

Quilter Investors UK Equity Large-Cap Income Fund

Adrian FrostAdrian manages the Artemis Income Fund, which he took over when he joined the firm in January 2002. After graduating from Jesus College, Cambridge, Adrian began his career at Deutsche Asset Management (Morgan Grenfell) in 1983. He was appointed a Director there in 1990 and head of UK equities in 1996.

Nick ShentonNick has managed income mandates alongside Adrian Frost for six years. He started his career at F&C in 2003. He spent four years there as an assistant fund manager on the UK and European equities desks. In 2007 Nick moved to Polar Capital as a fund manager on the UK long/short equity hedge fund. He joined Artemis in 2012.

Andy MarshAndy qualified as an accountant in 1997 before working as an analyst for ING Charterhouse and then for Merrill Lynch. From 2006-2017, Andy managed money at Polar Capital, where he was a partner. He joined Artemis to work alongside Adrian Frost and Nick Shenton in February 2018.

Quilter Investors UK Equity Opportunities Fund

Derek StuartDerek manages the Artemis UK Special Situations Fund, which he launched in March 2000, and segregated accounts alongside Andy Gray. He trained in fund management at Ivory & Sime and was promoted in 1992 to run UK equity income portfolios. Derek co-founded Artemis in 1997.

Andy GrayAndy works alongside Derek Stuart managing the Artemis UK Special Situations Fund. In 1998 he became an assistant fund manager at Murray Johnstone. He spent three years at Legg Mason as a manager of UK small-cap funds, before joining SWIP as an investment director. Andy moved to Artemis in 2006.

Sub-advised mandates and Investment Advisers

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Quilter Investors Europe (ex UK) Equity Growth Fund

David DuddingDavid joined Threadneedle as an equity research analyst in 1999. He has managed the Threadneedle (Lux) Global Focus Fund since 2013 and the Threadneedle European Select Fund since 2008. David previously worked for John Swire and Sons in Hong Kong and for Investors Chronicle as a financial journalist.

Benjamin MooreBenjamin is a portfolio manager within the European equities team and he has co-managed the Threadneedle European Select strategy since April 2019. Benjamin joined the European equities team in 2015, where he was responsible for researching small cap European companies.

Quilter Investors Global Equity Value Fund

Nick ClayNick is the lead of the Newton Global Equity Income strategy and manages the Newton Global Income Fund. He has 27 years’ experience in the industry, 18 of which he has spent at Newton. He has been a member of the global equity income team since 2012.

Quilter Investors UK Equity Growth Fund

Christopher Smith Christopher is a portfolio manager on the UK equity team, managing the Newton UK Opportunities Fund since November 2017. He has 8 years experience in the industry. In 2016, he joined the UK equity and multi-asset teams, generating new investment ideas for a range of portfolios.

Quilter Investors US Equity Income Fund

John BailerJohn is a senior portfolio manager and has been at the firm since 1992. He became a senior fundamental research analyst on the US large-cap value team in 1999, and was promoted to portfolio manager in 2005 for U.S. dividend-oriented Income Stock and Equity Income.

Quilter Investors Asia Pacific (ex-Japan) Equity Fund

Anthony SromAnthony joined Fidelity in 2006 as an investment analyst and is based in Singapore. He has managed the Fidelity Asia Pacific Opportunities Fund (OEIC) since its launch in September 2014. He graduated from Bond University in Australia and is a CFA Charterholder.

Quilter Investors Sterling Corporate Bond Fund

Sajiv VaidSajiv joined Fidelity in 2015 and is lead manager on the Fidelity MoneyBuilder Income fund. After graduation he joined Gerrard Group as a trainee bond fund manager. In 1997 he joined Fuji Investments, where he managed global fixed income portfolios. He joined Fidelity from RLAM.

Quilter Investors Sterling Diversified Bond Fund

Tim FosterTim has been co-manager of the Fidelity Strategic Bond Fund since April 2017. He joined Fidelity as a quantitative analyst in 2003 and became a portfolio manager in 2007. Since then, he has widened his portfolio management responsibility to now include corporate and inflation linked bonds.

8 Global Partners

Quilter Investors Asia Pacific (ex Jap) Large Cap Equity Fund

William LamWilliam manages the Invesco Perpetual Asian Fund and co-manages the Invesco Perpetual Pacific Fund. He began his career in 1995, joining the John Lewis Partnership, and then Deloitte in 1998. In 2001, he joined Orbis Investment Advisory Limited as a global investment analyst, before joining Invesco Perpetual in May 2006.

Quilter Investors Investment Grade Corporate Bond Fund

Paul CauserPaul co-leads Invesco’s Fixed Interest team, managing a number of government, corporate and non-investment grade portfolios. Paul began his investment career in 1983 with Asahi Bank. In 1990 he was given responsibility for managing the bank’s multi-currency investment portfolio before joining Invesco in 1994.

Michael MatthewsMichael is responsible for the management of a number of government and corporate investment grade portfolios. Michael began his investment career with Invesco in 1995, He initially specialised in the team’s money and foreign exchange market activities before predominantly focusing on government and investment grade markets.

Quilter Investors Absolute Return Bond

Nick MaroutsosNick is Co-head of Global Bonds at Janus Henderson Investors, a position he has held since 2018. He is also a portfolio manager responsible for co-managing the Absolute Return Income strategy. Additionally, Nick is a founder and Managing Director of Kapstream Capital. He has 19 years of financial industry experience.

Daniel SilukDaniel is a portfolio manager at Janus Henderson Investors, responsible for co-managing the Absolute Return Income strategy. Daniel joined Janus when it acquired Kapstream in 2015. Prior to joining Kapstream in 2009, he served as manager of investment analytics at Challenger. He has 14 years of industry experience.

Jason EnglandJason is a global bonds portfolio manager at Janus Henderson Investors responsible for co-managing the Absolute Return Income strategy. Prior to joining Janus in 2017, Jason was with PIMCO, most recently as senior vice president and portfolio manager. He has 23 years of financial industry experience.

Quilter Investors China Equity Fund

Charlie AwdryCharlie is an investment manager for the Chinese Equities strategy, a position he has held since 2011. Charlie joined the firm as part of Henderson’s acquisition of Gartmore in 2011. He started with Gartmore in 2001. After a period of working in Hong Kong from 2005 to 2006, he became the China fund manager in 2006.

Quilter Investors Europe (ex UK) Equity Fund

John Bennett John is Director, European Equities at Janus Henderson Investors and fund manager on the Janus Henderson Continental European and Pan-European long-only and long/short strategies. He has held these roles since 2011 when Gartmore was acquired by Henderson. John has 31 years of financial industry experience.

Quilter Investors Natural Resources Equity Fund

Daniel SullivanDaniel is a portfolio manager at Janus Henderson Investors, a position he has held since 2015 as part of Henderson’s acquisition of 90 West. Daniel graduated from the University of Sydney with a Bachelor of Mining Engineering (Hons). He has 28 years of financial industry experience.

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Quilter Investors Asia Pacific, Global Equity Abs Return, and North American Equity Funds

Ian HeslopIan Heslop is head of the Global Equities team which manages a number of retail funds, hedge funds and segregated mandates. He joined Merian in 2000 and, previously, he was a quantitative fund manager at Barclays Global Investors. He has a BA in Chemistry from Oxford and a PhD in Medicinal Chemistry from Edinburgh.

Quilter Investors Global Emerging Markets Equity Fund

Nick PayneNick joined Merian, formerly know as Old Mutual, in June 2017 as head of global emerging markets. He previously worked at Nomura Asset Management from 2014. In 2015 he was appointed head of emerging and frontier equities at Nomura, as well as taking on lead management responsibilities on the Nomura Global Emerging Markets Equity Fund.

Quilter Investors UK Equity Income Fund

Ed MeierEd joined Merian in 2013 and is fund manager of the Merian UK Equity Income Fund. He joined from Schroders where he had been an equity analyst and fund manager since 2006. Prior to joining Schroders, he worked as a fund manager for BAE System Pension Fund from 2002.

Quilter Investors Europe (ex UK) Small/Mid-Cap Equity Fund

Ian OrmistonIan is a very experienced, well respected, high profile portfolio manager who has been managing European equities for over 20 years. Ian joined Merian, formerly know as Old Mutual, from Ignis Asset Management where he spent seven years working as a European equities portfolio manager.

Quilter Investors UK Equity Fund

Errol FrancisErrol joined Merian in 2013 and is a fund manager for the Merian UK Alpha Fund. He joined from Schroders Investment Management where he had been a fund manager since January 2007. Previously he was at Credit Suisse Asset Management from January 2004. He began his investment career in 1988 at Baring Asset Management as an analyst.

Quilter Investors Corporate Bond and Quilter Investors Diversified Bond Funds

Lloyd HarrisLloyd joined Merian in January 2012 as a senior credit analyst focusing on the financial sector, before being appointed manager of the Merian Corporate Bond Fund in 2015, and subsequently of other investment grade and income funds. He is also co-manager of the Merian Financials Contingent Capital Fund.

Quilter Investors Emerging Markets Bond Fund

Delphine ArrighiDelphine joined Merian, formerly know as Old Mutual, in September 2015 from Threadneedle where she led the sovereign research effort for the CEEMEA region. In February 2018 she was appointed fund manager of the Merian Local Currency Emerging Market Debt Fund and of the Merian Emerging Market Debt Fund, having been their co-manager since January 2016.

10 Global Partners

Quilter Investors Emerging Markets Equity Income Fund

Alison ShimadaAlison is a senior portfolio manager and head of the SF Global Emerging Markets Equity team at Wells Fargo. She joined the firm in 2003. Prior to her current role, she served as a senior analyst covering areas of developing Europe and Africa for three years with the firm. She has 34 years of investment experience.

Quilter Investors Europe (ex UK) Equity Income Fund

James SymJames manages the Schroder European Alpha Income Fund; he joined Schroders in 2013 and is based in London. James was a fund manager at Cazenove Capital Management from 2007 to 2013, responsible for European portfolios which he continued to manage following Schroders acquisition of Cazenove in 2013.

Quilter Investors Japanese Equity Fund

Masaki TaketsumeMasaki has been a member of Schroders’ Japanese equity team since 2007, initially as a technology analyst, and as a fund manager on the Schroder Tokyo fund since 2017. His career in investment began with fund management roles at both Nikko Asset Management from 1994 and Deutsche Trust Bank from 1998. He is a CFA Charterholder.

Quilter Investors US Equity Small/Mid-Cap Fund

Bob KaynorBob is Portfolio Manager and Research Director of US Small and Smid Cap Equities. Robert joined Schroders as a senior equity analyst in 2013 and became Research Director in 2014. He joined Schroders in 2013 and is based in New York.

Quilter Investors Emerging Markets Equity Growth Fund

Leon EidelmanLeon is a portfolio manager within the Emerging Markets and Asia Pacific (EMAP) Equities team based in New York. Leon is a member of the group of Global Emerging Market portfolio managers responsible for the fundamental, bottom-up portfolios, including the GEM Discovery and GEM Focused strategies.

Austin ForeyAustin is a portfolio manager responsible for Global Emerging Markets portfolios based in London. An employee since 1988, Austin has fulfilled his role as Global Emerging Markets portfolio manager since 1994. Prior to this he worked in the UK market, where he was deputy head of UK research.

Quilter Investors US Equity Growth Fund

Timothy PartonTimothy is a portfolio manager in the U.S. Equity Group. A JP Morgan employee since 1986, Tim has managed a variety of small and mid-cap portfolios. He has been managing the U.S. Midcap Growth Strategy since November 2001; and the Growth Advantage Strategy since its inception in September 2005.

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Important informationPast performance is not a guide to future performance and may not be repeated. Investment involves risk. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested. Because of this, an investor is not certain to make a profit on an investment and may lose money. Exchange rate changes may cause the value of overseas investments to rise or fall.

This communication is issued by Quilter Investors Limited (“Quilter Investors”), Millennium Bridge House, 2 Lambeth Hill, London, England, EC4V 4AJ. Quilter Investors is authorised and regulated by the Financial Conduct Authority.

This communication provides information relating to Quilter Investors Asia Pacific (ex Japan) Equity Fund, Quilter Investors Precious Metals Equity Fund, Quilter Investors Global Equity Value Fund, Quilter Investors US Equity Income Fund, Quilter Investors Europe (ex UK) Equity Growth Fund, Quilter Investors Sterling Corporate Bond Fund, Quilter Investors Sterling Diversified Bond Fund, Quilter Investors Asia Pacific (ex Japan) Large-Cap Equity Fund, Quilter Investors Investment Grade Corporate Bond Fund, Quilter Investors China Equity Fund, Quilter Investors Europe (ex UK) Equity Fund, Quilter Investors Emerging Markets Equity Growth Fund, Quilter Investors US Equity Growth Fund, Quilter Investors Global Equity Absolute Return Fund, Quilter Investors Corporate Bond Fund, Quilter Investors Europe (ex UK) Small/Mid-Cap Equity Fund, Quilter Investors Global Emerging Markets Equity Fund, Quilter Investors Emerging Markets Bond Fund, Quilter Investors Europe (ex UK) Equity Income Fund, Quilter Investors Japanese Equity Fund, Quilter Investors US Equity Small/Mid-Cap Fund and Quilter Investors Emerging Markets Equity Income Fund which are sub-funds of Quilter Investors OEIC. Quilter Investors OEIC is authorised and regulated by the Financial Conduct Authority as a UCITS Scheme.

This communication provides information relating to Quilter Investors UK Equity Large-Cap Income Fund, Quilter Investors UK Equity Opportunities Fund, Quilter Investors UK Equity Growth Fund, Quilter Investors Asia Pacific Fund, Quilter Investors North American Equity Fund, Quilter Investors Diversified Bond Fund, Quilter Investors UK Equity Fund and Quilter Investors UK Equity Income Fund which are sub-funds of Quilter Investors Trust. Quilter Investors Trust is authorised and regulated by the Financial Conduct Authority as a UCITS Scheme.

Quilter Investors uses all reasonable skill and care in compiling the information in this communication which is accurate only on the date of this communication. You should not rely upon the information in this communication in making investment decisions. Nothing in this communication constitutes advice or a personal recommendation. An investors should read the Key Investor Information Document(s) (“KIID”) before investing in any sub-fund of Quilter Investors OEIC or Quilter Investors Trust. The KIID and the prospectus can be obtained from www.quilterinvestors.com in English.

Quilter Investors offers a range of high-quality, innovative solutions to help protect and grow our customers’ prosperity and provide confidence to help them invest in their future.

Only available on the recommendation of a financial adviser.

QIL/348/19/SK18369/219-1459/Nov 2019