Aberdeen Standard Asia Focus PLC (the Company) - Ordinary SharesISIN: GB0000100767Issued by Aberdeen Standard Fund Managers Limited, a firm authorised and regulated by the Financial Conduct Authority in the United Kingdom.Website: www.invtrusts.co.uk Tel: 0808 500 0040

Date of Production 04/06/2019

What is this Product?Ordinary Shares in Aberdeen Standard Asia Focus PLC, an actively managed investment company registered in England, and listed on the London Stock Exchange. Its investment objective is to maximise total return to shareholders over the long term from a portfolio made up predominantly of smaller quoted companies (with a market capitalisation of up to approximately US$1.5 billion at the time of investment) in the economies of Asia and Australasia, excluding Japan. The Company has borrowed to purchase assets. The Company does not have a fixed life. Aberdeen Standard Fund Managers Limited may not unilaterally terminate the Ordinary Shares however the Company may be wound up with shareholder approval. Shares in the Company are bought and sold on a stock market. Investment in the Company is only suitable for investors who are comfortable with the risks and investment time horizon set out in this document and may not be appropriate if you plan to sell some or all of your shares within 5 years. Please contact your broker, financial adviser or distributor for information on any costs and charges relating to the sale of shares.

What are the risks and what could I get in return?The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because the Company is not able to pay you.

1 2 3 4 5 6 7

Lower risk Higher risk

The risk indicator assumes you keep the product for at least 5 years. The actual risk can vary significantly. The value of investments and the income from them can go down as well as up, and you may get back less than you invested.

We have classified this product as 4, which is a medium risk class. This rates the potential losses from future performance at a medium level, and poor market conditions could impact the amount you could get back.

If the product is not held for the recommended holding period, the potential risk may be significantly higher than the one shown above.

This product does not include any protection from future market performance so you could lose some or all of your investment.

The Company borrows in order to purchase assets, and this may magnify gains or losses. Shares in the Company may trade at a discount to their Net Asset Value, which may adversely affect the value of your investment, particularly when you come to sell your shares.

The stress scenario shows what you might get back in extreme market circumstances, and it does not take into account the situation where we are not able to pay you. Further information on risks not covered in the risk indicator are detailed in the Company's Annual Report available in the literature library on www.invtrusts.co.uk.

Key Information DocumentThis document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products.

Aberdeen Standard Investments is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments.

Page 1 of 3

What are the risks and what could I get in return? (continued)This table shows the money you could get back over the next 5 years, under different scenarios, assuming that you invest £10,000.The scenarios shown illustrate how your investment could perform. You can compare them with the scenarios of other products. The scenarios presented are an estimate of future performance based on evidence from the past, and are not an exact indicator. What you get will depend on how the market performs and how long you keep the investment.

Market developments in the future cannot be accurately predicted. The scenarios shown are only an indication of some of the possible outcomes based on recent returns. Actual returns could be lower.

The figures shown include all the costs of the product itself, where applicable, but may not include all the costs that you pay to your adviser or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

Investment £10,000

Scenarios 1 year 3 years

5 years(Recommended holding period)

Stress scenarioWhat you might get back after costs £3,700 £5,169 £4,163

Average return each year -63.00% -19.75% -16.08%

Unfavourable scenarioWhat you might get back after costs £8,483 £7,831 £7,561

Average return each year -15.17% -7.83% -5.44%

Moderate scenarioWhat you might get back after costs £10,329 £11,011 £11,738

Average return each year 3.29% 3.26% 3.26%

Favourable scenarioWhat you might get back after costs £12,559 £15,460 £18,196

Average return each year 25.59% 15.63% 12.72%

What happens if the Company is unable to pay out?As a shareholder in the Company, you would not be able to make a claim to the Financial Services Compensation Scheme about the Company in the event that the Company is unable to pay dividends to you or if it were unable to pay any amounts due to you on the winding up of the Company.

What are the costs?The Reduction in Yield (RIY) shows what impact the total costs you pay will have on the investment return you might get. The total costs take into account one-off, ongoing and incidental costs.The amounts shown here are the cumulative costs of the product itself, for three different holding periods. They include potential early exit penalties. The figures assume you invest £10,000. The figures are estimates and may change in the future. The person selling you or advising you about this product may charge you other costs. If so, this person will provide you with information about these costs, and show you the impact that all costs will have on your investment over time.

Investment £10,000

Scenarios If you cash in after 1 year If you cash in after 3 years If you cash in at 5 years

Total costs £167 £507 £859

Impact on return (RIY) per year 1.61% 1.61% 1.61%

Page 2 of 3

What are the costs? (continued)The table below shows the impact each year of the different types of costs on the investment return you might get at the end of the recommended holding period and, what the different cost categories mean.

This table shows the impact on return per year

One-off costsEntry costs N/A The impact of the costs you pay when entering your investment.

Exit costs N/A The impact of the costs of exiting your investment when it matures.

Ongoing costs

Portfolio transaction costs 0.08%The impact of the costs of us buying and selling underlying investments for the product.

Other ongoing costs 1.53%The impact of the costs that we take each year for managing your investments.

Incidental costsPerformance fees N/A The impact of a performance fee, where applicable

Carried interests N/A The impact of carried interests, where applicable.

How long should I hold it and can I take money out early?This product has no required minimum holding period but is designed for medium to long-term investment. Since the value of investments and the income from them can rise and fall over differing time periods, you should have an investment horizon of at least 5 years when buying an investment of this type.

The minimum recommended holding period is therefore 5 years.

As the shares are listed on the London Stock Exchange, you may buy or sell shares on any normal business day that the London Stock Exchange is open for business.

How can I complain?For complaints about the Company or the key information document, you should either write to the Company Secretary, Aberdeen Standard Asia Focus PLC, Bow Bells House, 1 Bread Street, London EC4M 9HH or email complaints@aberdeenstandard.com or please refer to the 'Contact Us' section of the website: http://www.asia-focus.co.uk. As a shareholder of the Company, you do not have the right to complain to the Financial Ombudsman Service about the management of the Company.

Other relevant informationThe cost, performance and risk calculations included in this document are based on the methodologies prescribed by EU rules. The performance scenarios are based on share price total returns with dividends reinvested. The data used in these calculations and the specific methodology applied may change in the future. Depending on how you buy your shares, you may incur other costs including broker commission, platform fees and stamp duty. Please ask your broker or platform provider for additional information where necessary. ‘Other ongoing costs’ also includes borrowing costs and all other running costs incurred by the Company. Further information on the Company's investment policies, the types of assets in which the Company may invest, the markets in which it invests, borrowing limits as well as details of its management, administration and depositary arrangements can be found on its website: www.asia-focus.co.uk. Copies of the Company's Annual Report, its pre-investment disclosure document and published net asset values can also be found there and are available in paper copy free of charge upon request. When it is in shareholders’ interests to do so, the Company reserves the right to participate in the rights issue of an investee company notwithstanding that the market capitalisation of that investee may exceed the stated ceiling.

Page 3 of 3

KEY INVESTOR INFORMATION

This document provides you with the 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.

Ardevora UK Equity Fund (the "Fund"), Class C Shares, a sub-Fund of Treligga PLC (the “Company”) (ISIN: IE00B3WN9227) The Fund is managed by Link Fund Manager Solutions (Ireland) Limited (the "Manager"), part of the Asset Services Division of Link Administration Holdings Limited.

Objectives and investment policy

Objective

The Fund aims to achieve long term capital growth.

Investment policy

The Fund is actively managed and will primarily invest in UK shares and UK share-related assets (global depository receipts, American depository receipts). The Fund will also look to profit from the prices of shares and other assets rising or falling in value through use of Financial Derivative Instruments (“FDIs”). FDIs are instruments that are linked to and derive their value from an underlying asset. FDIs include contracts for difference (an instrument that returns the difference between the value of an asset at the beginning and end of the contract) and swaps (an instrument that swaps the performance of one asset for another).

Essential features of the Fund:

The Fund will aim to invest 150% of the total value into securities which are believed to offer upside potential and 50% of the value into FDIs which may benefit from the price of certain assets falling which the Investment Manager believes to be overvalued.

Combined net investment into securities and FDIs will not usually exceed 100%.

The Investment Manager has discretion over the assets held within the Fund. The Fund is managed in reference to a benchmark MSCI United Kingdom IMI Index, as it aims to outperform the benchmark and such performance is compared to the benchmark in marketing materials. Investments for the portfolio are not specifically selected from the constituents of the benchmark, hence the Fund's investment policy is in no way constrained and the degree of deviation from the benchmark may be significant.

In the event that the Investment Manager believes that significant market falls could occur, the Fund may sell investments and hold a high proportion of cash or holdings similar to cash.

Any income arising from the Fund will be re-invested and increase the share price of the Fund.

The minimum recommended holding period for the Fund is five years.

You may purchase/redeem shares in the Fund on any day that is a business day both in Dublin and London.

Risk and reward profile

1 2 3 4 5 6 7

The following risks may not be fully captured by the risk score

The risk and reward score is based on the Fund’s historical data. It may not be a reliable indication of the future risk profile.

The risk score of 5 is based on historical volatility which has been above average. This indicates that the value of the Fund can change over short time periods and should be considered as above average risk.

The risk and reward score is not guaranteed and may change over time.

The lowest category does not mean risk free.

Typically lower rewards Typically higher rewards

Lower risk Higher risk

The Fund could hold significant cash or near cash weightings. If investment markets generally rose during this period, against the Investment Manager’s expectation, then the Fund's performance would be reduced.

The Fund uses FDIs as a significant part of the investment strategy. The value of these investments can change rapidly and may cause the Fund to lose a significant amount of value.

There is a risk that any company providing services such as safekeeping of assets or acting as a counterparty to FDIs may become insolvent which could cause losses to the Fund.

ardevora.com

Charges for this Fund

The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distribution. These charges reduce the potential growth of your investment.

One-off charges taken before or after you invest

Entry Charge (max) None This is the maximum that might be taken out of your money before you invest. Exit Charge (max) None

Charges taken from the Fund over the year

Ongoing Charges 1.14% Charges taken from the Fund under certain specific conditions Performance Fee None

The entry and exit charges shown are the maximum figures.

When you buy or sell shares, an additional charge may be payable to cover the costs incurred by the Fund in buying or selling investments for the Fund. This anti-dilution levy will only be payable in certain instances on dealing days when there are large subscriptions/redemptions.

The ongoing charges figure is based on expenses for the year ending 31st December 2018 and may vary from year to year.

It excludes:

Portfolio transaction costs, except in the case of an entry/exit charge paid by the Fund when buying or selling units in another collective investment undertaking.

You will find more details about the calculation of the charges by checking the "Fees and Expenses" section of the Prospectus.

Past performance

Ardevora UK Equity Fund C GBP MSCI United Kingdom IMI

Past performance is not a reliable guide to future performance.

The past performance shown here is the Fund’s annual performance in GBP for the full calendar year shown, and takes account of the ongoing charges as shown above. Past performance is expressed here as a percentage change in the Fund’s net asset value at each year end.

This Fund launched in February 2011. The Class C Shares launched in July 2011.

Performance is calculated in Pounds Sterling.

The chart shows a comparison of performance against the MSCI United Kingdom IMI Index. Please note that this is for comparison purposes only.

Practical information

Documents: You may obtain, free of charge, the Prospectus, the latest Annual and Interim Reports in English from Link Fund Administrators (Ireland) Limited, 1st Floor, 2 Grand Canal Square, Grand Canal Harbour, Dublin 2, Ireland.

Prices of shares and further information: Share prices as well as further Fund information are available from the Administrator during normal business hours or at www.ardevora.com.

Right to convert: You may switch your shares to the shares of another sub-Fund of the Company. A fee may apply. Further details are available in the "Switching Between Funds" section of the Prospectus or from the Manager.

Fund segregation: The Fund is one of a number of sub-Funds of the Company. The assets and liabilities of each sub-Fund are segregated by law from each other and the rights of investors and creditors in relation to any sub-Fund should normally be limited to the assets of that sub-Fund. However, the Company is a single legal entity and may operate in jurisdictions that may not recognise such segregation.

Depositary: The Fund’s assets are held at its Depositary, Northern Trust Fiduciary Services (Ireland) Limited, Georges Court, 54 - 62 Townsend Street, Dublin 2, Ireland.

Tax: The Company is resident in Ireland for tax purposes. This may have an impact on your personal tax position. For further details please speak to your tax adviser.

Liability: Link Fund Manager Solutions (Ireland) 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.

Share Classes: The share classes available for this Fund are Class B, Class C and Class D Shares.

Translation: Key Investor Information Documents are also available in German for Class C Shares.

Remuneration: Details of the Manager's up-to-date remuneration policy, including, but not limited to, a description of how remuneration and benefits are calculated and the identity of persons reponsible for awarding the remuneration and benefits are available at https://www.linkassetservices.com/what-we-do/funds-solutions/irish-management-company and a paper copy of such remuneration policy is available to investors free of charge upon request.

This Fund is authorised and regulated in Ireland by the Central Bank of Ireland. Link Fund Manager Solutions (Ireland) Limited is authorised in Ireland and regulated by the Central Bank of Ireland. This key investor information is accurate as at 28 June 2019.

23.3%

40.1%

-4.2%

21.5%

8.0%

14.7%

-11.2%

12.2%

20.5%

0.5% 0.0%

17.4%

13.0%

-9.8% -15%-10%

-5%0%5%

10%15%20%25%30%35%40%45%

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Artemis US Extended Alpha Fund (the "fund") Class I accumulation shares, GBP [ISIN: GB00BMMV5G59]

A sub-fund of Artemis Investment Funds ICVC. The fund is managed by Artemis Fund Managers Limited.

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 investing in the fund. You are advised to read it so you can make an informed decision about whether to invest.

Objectives and investment policy

Risk and reward profile

Potentially lower rewards Potentially higher rewards

Lower risk Higher risk

1 2 3 4 5 6 7

Objective: The fund aims to achieve long-term capital growth. Investment policy: • The emphasis of the fund will be investment in the shares of

companies listed, quoted or traded in the United States of America.

• The fund can also invest in the shares of companies which have headquarters in the USA or carry out a significant part of their activities in the USA and are quoted on a regulated market outside the USA.

• The fund has discretion in its choice of investments, and is not restricted by the size of the company or the industry it trades in.

• The fund will use derivatives (financial instruments whose value is linked to the expected price movements of an underlying asset) for investment purposes, including taking long and short positions, and may use borrowing from time to time. It may also invest in derivatives to protect the value of the fund, reduce costs and/or generate additional income.

The fund may also invest in: • Fixed interest securities which are investments (that could

be issued by a company, a government or another entity) that pay a fixed level of income or interest.

• Forward contracts (a transaction, in which delivery of the currency, at a pre-determined price, is deferred until after the contract has been made) and derivatives to hedge the rate of exchange between the currency or currencies in which the assets of the fund are invested against sterling.

Fund benchmarks: • S&P 500 TR GBP

A widely-used indicator of the performance of 500 large publicly-traded US companies, some of which the fund invests in. It acts as a ‘target benchmark’ that the fund aims to outperform. Artemis is paid a performance fee if the fund’s performance exceeds the benchmark.

• IA North America NR A group of other asset managers’ funds that invest in similar asset types as this fund, collated by the Investment Association. It acts as a ’comparator benchmark’ against which the fund’s performance can be compared. Management of the fund is not restricted by this benchmark.

Other information: • Dealing frequency: You can buy and sell Monday to

Friday, except on UK public holidays, each week. Transactions are processed at 12 noon UK time and we will include your instruction to buy or sell on the same day if it is received before that point.

• Distribution policy: This is an accumulation class. Any income this fund receives is reinvested into the fund and automatically reflected in the value of your investment.

• The fund is in the category shown due to its historic volatility (how much and how quickly the value of shares in the fund have risen and fallen in the past). It 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 risk indicator may not fully take into account the following risks and the following may affect fund performance: • Market volatility risk: The value of the fund and any

income from it can fall or rise because of movements in stockmarkets, currencies and interest rates, each of which can move irrationally and be affected unpredictably by diverse factors, including political and economic events.

• Currency risk: Some or all of the fund’s assets may be invested in a currency other than the fund’s accounting currency. The value of the assets, and the income from them, may decrease if the currency falls in relation to the accounting currency.

• Positioning risk: The fund’s exposure to asset classes and currencies, long and short, is guided by the manager’s expectation of the future direction of equity markets. There is no guarantee that the fund will be positioned correctly to benefit from the direction of markets.

• Derivatives risk: The fund may invest in derivatives with the aim of profiting from falling as well as rising prices (‘shorting’). If the related assets' value moves in the opposite direction the fund will lose money. In addition, a derivative may not perform as expected, and may create losses for the fund greater than the cost of the derivative.

• China risk: The fund can invest in China A-shares (shares traded on Chinese stock exchanges in Renminbi). There is a risk that the fund may suffer difficulties or delays in enforcing its rights in these shares, including title and assurance of ownership.

Charges for the fund

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 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 ongoing charges figure is an estimate rather than a historic figure because this better reflects the expected future charges. The charges may vary from year to year. The exact charges made for each financial year are contained in the fund’s annual report.

The annual management charge is taken from income.

For more information about charges, please see section 3.1 of the fund’s prospectus, which is available at by contacting Artemis or at www.fundinfo.com.

Past performance

Practical information

There is insufficient data to

produce a useful indication of past performance

for the share class.

One-off charges taken before or after you invest

Entry charge None

Exit charge None

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

Charges taken from the fund over a year

Ongoing charge 0.870%

Charges taken from the fund under certain specific conditions

Performance fee 20.00% of the share class outperformance against the S&P 500 index. See the prospectus for more details. In the fund’s last financial year the actual performance fee was 0.51% of the fund.

• 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 ongoing charges figure is an estimate rather than a historic figure because this better reflects the expected future charges. The charges may vary from year to year. The exact charges made for each financial year are contained in the fund’s annual report.

• The benchmark used to calculate the performance fee is provided by an administrator on the ESMA register of benchmarks which includes details of all authorised, registered, recognised and endorsed EU and third country benchmark administrators together with their regulator.

• The annual management charge is taken from income.

For more information about charges, please see section 7 of the fund’s prospectus, which is available at www.artemisfunds.com or www.fundinfo.com.

• Past performance includes all charges except entry charges for the period when these were applicable.

• How the fund has performed in the past is not a guide to how it will perform in the future.

• Performance is calculated in sterling.

• Fund launch date: 19 September 2014.

• Class launch date: 19 September 2014.

• This class may be in a currency or have charges or a hedging approach different from those in the IA sector benchmark.

Depositary: J.P. Morgan Europe Limited. Further information: Can be obtained from the fund’s prospectus and the latest annual and half-yearly reports. The documents are in English and German and available free of charge. These can be found, along with other information such as the price of the fund’s classes by contacting Artemis or visiting www.fundinfo.com. Sub-fund assets: The assets of each sub-fund belong exclusively to it and are not available to meet the liabilities of any other sub-fund or Artemis Investment Funds ICVC. Remuneration policy: Information about Artemis’ remuneration policy is available at www.artemisfunds.com; a paper copy is available free of charge on request. Tax legislation: UK tax legislation that applies to the fund may have an impact on your personal tax position. Liability: 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. Glossary: For more information about some of the terms used in this document, please visit www.artemisfunds.com/glossary.

Switches: Subject to any restrictions on the eligibility of investors for a particular class, you can switch your investments between funds or classes in the Artemis range. For further information, please refer to the prospectus or contact Artemis. Additional information for investors in and from Switzerland: The prospectus, the key investor information, the articles of incorporation and the annual and semi-annual reports are available free of charge from the Swiss Representative and Paying Agent, RBC Investor Services Bank S.A., Esch-sur- Alzette, Zurich Branch, Bleicherweg 7, CH-8027 Zurich. Contact Artemis: Visit www.artemisfunds.com or call 0800 092 2051 (from UK) or +441268 445 401. Authorisation and regulation: The fund is authorised in the UK by the Financial Conduct Authority. Artemis Fund Managers Limited is authorised and regulated in the UK by the Financial Conduct Authority. This key investor information document is accurate as at 7 August 2019.

15.2%

31.8%

12.6%

3.5%

7.3%

33.5%

11.3%

1.6%

4.7%

31.7%

10.1%

-1.6%

-5%

0%

5%

10%

15%

20%

25%

30%

35%

40%

2014 2015 2016 2017 2018

Class I accumulation shares, GBP

S&P 500 TR GBP (Benchmark)

IA North America NR (Benchmark)

Key Investor InformationThis document provides you with key investor information about this fund. It is notmarketing material. The information is required by law to help you understand thenature and the risks of investing in this fund. You are advised to read it so you canmake an informed decision about whether to invest.

Baillie Gifford Strategic Bond Fund - Class B SharesIncome Shares - ISIN GB0005947741 (also representative of Accumulation Shares ISIN GB0005947857)

This Fund is a sub-fund of Baillie Gifford Bond Funds ICVC which is an Investment Company with Variable Capital. Baillie Gifford & Co Limited isthe Authorised Corporate Director of the Fund and is wholly owned by Baillie Gifford & Co.

Objectives and investment policyObjective

• The Fund aims to produce monthly income. Opportunities for capitalgrowth are also sought, subject to prevailing market conditions.

Policy

• The Fund will invest at least 80% in a diversified portfolio of (1) investmentgrade and (2) sub-investment grade bonds, issued by corporate issuers,public bodies and supranationals, and (3) developed market governmentbonds.

• The fund may also invest in other bonds.

• The bonds in which the Fund invests will be denominated in sterling ordenominated in other currencies and hedged back to sterling.

• Currency forwards and derivatives, which are types of financial contracts,are used for both investment purposes and in the management of risk.

• The Fund will be actively managed through bond selection and strategicasset allocation.

Other Information

• Bonds are a type of investment which can be issued by governments,companies and other organisations when they want to borrow money. Theissuer of the bond owes the holder a debt. The issuer is obliged to pay interestand/or repay the debt at a later date.

• Sub-investment grade bonds typically mean the risk of non-payment ishigh.

• You can sell some or all of your shares on any business day in the UnitedKingdom by contacting our Dealing Department by phone or post. Whereproperly completed documentation is received by post, shares will be soldat the next valuation point following receipt of the instruction.

• For Income shares any income due to you will be paid into your bank orbuilding society account, paid on the dates specified in the Prospectus.

• For Accumulation shares income will be re-invested. No further shareswill be purchased but the reinvestment will be reflected in the price of yourexisting accumulation shares. You are, however, deemed to have receivedthe income for tax purposes.

• For further explanation and information see the investment objective andpolicy section of the Prospectus, which is available by contacting us.

• Recommendation: this Fund may not be appropriate for investors whoplan to withdraw their money within three years.

Risk and reward profileThe Risk and Reward Indicator table demonstrates where the Fund ranks interms of its potential risk and reward. The higher the rank the greater thepotential reward but the greater the risk of losing money. It is based on pastdata, may change over time and may not be a reliable indication of the futurerisk profile of the Fund. The shaded area in the table below shows the Fund’sranking on the Risk and Reward Indicator.

Typically lower rewards,lower risk

Typically higher rewards,higher risk

1 2 3 4 5 6 7

• Please note that even the lowest risk class can lose you money and that extremeadverse market circumstances can mean you suffer severe losses in all cases.

• The Fund is classified in the category above because it invests in corporatebonds which generally provide higher rewards and higher risks than otherinvestments such as government bonds and cash.

• The indicator does not take into account the following relevant material risks:

• Investment markets can go down as well as up and market conditions canchange rapidly. The value of an investment in the Fund, and any income fromit, can fall as well as rise and you may not get back the amount invested.

• Custody of assets involves a risk of loss if the custodian becomes insolvent orbreaches duties of care.

• Bonds issued by companies and governments may be adversely affected bychanges in interest rates, expectations of inflation and a decline in thecreditworthiness of the bond issuer. The issuers of bonds in which the Fundinvests may not be able to pay the bond income as promised or could fail torepay the capital amount.

• The Fund's concentrated portfolio and long-term approach to investment mayresult in large movements in the share price.

• Derivatives may be used to obtain, increase or reduce exposure to assets andmay result in the Fund being leveraged. This may result in greater movements(down or up) in the price of shares in the Fund. It is not our intention that theuse of derivatives will significantly alter the overall risk profile of the Fund.

• In certain circumstances it can be difficult to buy or sell the Fund's holdingsand even small purchases or sales can cause their prices to move significantly,affecting the value of the Fund and the price of shares in the Fund.

• Market values for securities which are difficult to trade may not be readilyavailable, and there can be no assurance that any value assigned to them willreflect the price the Fund might receive upon their sale.

• The result of the UK Referendum on membership of the European Unionintroduces elements of political uncertainty and may have practicalconsequences for the Fund. Developments will be closely monitored.

Page 1 of 2.

ChargesThe charges you pay are used to pay the costs of running the Fund, includingthe costs of marketing and distributing it. These charges reduce the potentialgrowth of your investment.

One-off charges taken before or after you investEntry charge 0.00%Exit charge 0.00%

These are the maximum charges that we might take out of your money beforeit is invested and before we pay out the sale proceeds of your investment.In some cases, you might pay less and you should speak to your financialadviser about this.

Charges taken from the Fund over a yearOngoing charges 0.52%

Charges taken from the Fund under specific conditionsPerformance fee NONE

• The ongoing charges figure is based on the last year’s expenses and mayvary from year to year. It excludes the costs of buying or selling assets forthe Fund (unless these assets are shares of another fund).

• For the ongoing charges, the figure is for Income shares and is at 31/03/2019.• Portfolio transaction costs, which are not included in the calculation of the

ongoing charges figure but are incurred by the Fund when buying or sellinginvestments, may have an impact on performance and are paid from theassets of the Fund.

• The Fund's annual report for each financial year will include detail on theexact charges made.

• All of the Fund’s expenses (including the annual management fee) asrepresented by the ongoing charges figure will be taken from the Fund’scapital. This will reduce the capital value of the Fund.

• You can find further details about the charges in Part 5 of the Prospectus.

Past performance

-5

0

5

10

15

20

25

30

35

40

45

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

17/08

%

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Fund 26.5 14.7 7.3 18.9 3.2 10.2 -0.8 10.1 8.1 -1.7

Benchmark 1 * 20.7 8.1 2.7 13.4 2.8 6.1 -0.2 7.3 5.3 -2.5

Source: FE 2019

• You should be aware that past performance is not a guide to futureperformance.

• Fund launch date: 26/02/1999.• Share/unit class launch date: 26/02/1999.• Performance is calculated in GBP.• ∆ Before this date the Fund had different characteristics.• The Fund’s objective changed on 17/08/2009 and performance before this

date was achieved under different investment circumstances.• Performance is for Income shares.• Performance reflects the annual charge but excludes any initial charge paid.• Performance figures are to 31 December each year.• * Benchmark 1 - IA Sterling Strategic Bond

Practical information• The Fund’s Depositary is NatWest Trustee & Depositary Services Limited.• This document describes only one share class and other share classes are available. Further information on the Fund, the Prospectus and the latest annual

and interim reports are available from Baillie Gifford or by visiting the website at www.bailliegifford.com. The remuneration policy, which includesdetails of (a) how remuneration and benefits are calculated and (b) the committee responsible for approving all remuneration policies within the firm, isalso at the website address noted. All such documents are available in English, on paper and are free of charge on request.

• This Key Investor Information Document describes the Baillie Gifford Strategic Bond Fund only. The Prospectus and the annual and interim reports andaccounts are prepared for the whole ICVC.

• The Baillie Gifford Strategic Bond Fund is a sub-fund of Baillie Gifford Bond Funds ICVC. The assets of the Fund are segregated from other sub-fundsin the ICVC. This means that the assets of one sub-fund should not be used to meet the liabilities of another sub-fund.

• You can also find other information, including the Fund’s latest prices, on our website.• Tax laws in the United Kingdom may have an impact on your own tax position.• You may at any time switch all or some of your shares in the Fund for shares in any fund of any of the Baillie Gifford ICVC(s).• Baillie Gifford & Co Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent

with the relevant parts of the Prospectus for the Fund.• To contact us please call Client Relations on 0800 917 2113 (fax 0131 275 3955), visit our website at www.bailliegifford.com or email us at

trustenquiries@bailliegifford.com.• Your call may be recorded for training or monitoring purposes.

This Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority.This Key Investor Information is accurate as at 02/10/2019.

BG73

Page 2 of 2.

OBJECTIVES AND INVESTMENT POLICY

The Fund’s objective is to achieve medium-term capital growth.

The Fund seeks to achieve its objective by investing in financial derivative instruments (principally futures contracts) in order to gain exposure to the Investment Universe. The Investment Universe is comprised of currencies, government bonds and stocks or stock indices. The Fund's exposure to the Investment Universe is based upon the application of a proprietary trading strategy.

In addition, the Fund may also invest in money market instruments (such as treasury bills) for cash management purposes.

The Fund may use investment techniques to protect the value of the assets of the Fund against changes in currency exchange rates.

Any income or gains of the Fund (net of expenses) will be accumulated and reinvested into the assets of the Fund.

Investors can buy, sell or switch shares on any day on which banks in Ireland and London are open for regular business (“Dealing Day”). Applications must be received by the Administrator by 12 noon (Irish time) on the relevant Dealing Day.

For full investment objective and policy details, please refer to the “Investment Objective” and “Investment Policies” sections in the Fund’s supplement (the “Supplement”).

Recommendation: This Fund may not be appropriate for investors who plan to withdraw their money in the short term (within 3 years). The Fund should be viewed as a medium or longer term investment.

Futures contracts: standardised contracts between two parties to buy or sell a specified asset of standardised quantity and quality for a price agreed today with delivery and payment occurring at a specified future delivery date.

Garraway Financial Trends (the “Fund”) Class B GBP Hedged Shares (ISIN: IE00B86KNN34) A sub-fund of Garraway Funds p.l.c. (the “Company”)

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.

RISK AND REWARD PROFILE

Counterparty Risk: a party with whom the Fund contracts for investments or to safekeep assets may fail to meet its obligations or become bankrupt, which may expose the Fund to a financial loss.

Credit Risk: the issuer of a financial derivative instrument held within the Fund may not pay income or repay capital to the Fund when due.

Operational Risk: human error, system and/or process failures, inadequate procedures or controls may cause losses to the Fund.

These risk factors are not exhaustive. Please review the “Risk Factors” sections in the Company’s prospectus (the “Prospectus”) and Supplement.

The Fund is in category 6 as assets it holds have historically been subject to relatively high levels of price fluctuation. The category shown is not guaranteed and may change over time. It is based on historical data and may not be a reliable indication of future circumstances. The lowest category does not mean a risk free investment.

The Fund is exposed to additional risks not captured by the risk indicator including, without limitation:

Currency Risk: changes in exchange rates may reduce or increase the value of non-USD denominated investments held by the Fund, which may impact the overall net asset value of the Fund regardless of the performance of the relevant investments themselves.

1 2 3 4 5 6 7

Lower risk

Potentially lower reward

Higher risk

Potentially higher reward

-7.0%

20.4%

-3.4%

19.4%

-4.6%

-16.6%-20.0%-15.0%-10.0%

-5.0%0.0%5.0%

10.0%15.0%20.0%25.0%

CHARGES FOR THIS FUND

The charges are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment.

The entry and exit charges shown are maximum figures and in the case of the entry charge, you may pay less. You can obtain the exact charge and any anti-dilution levy (on redemption) amount from your financial advisor or the Administrator.

The ongoing charges figure shown here is an estimate of the charges. An estimate has been used due to a reduction in management fees on 1 May 2018. This figure is likely to vary from year to year. It excludes portfolio performance fees and transaction costs other than entry and exit charges for investing in other funds (where relevant). The Company’s financial statements for each financial year will include detail on the exact charges made.

For more information about fees and expenses please see the sections entitled “Fees and Expenses” of the Prospectus and Supplement.

PAST PERFORMANCE

PRACTICAL INFORMATION

Depositary: Société Générale, S.A., Dublin Branch.

Investment Manager: Garraway Capital Management LLP

Further Information: Further information on the Fund (including the Supplement as well as the current Prospectus and the most recent financial statements which are prepared for the Company as a whole), as well as information on other share classes of the Fund and other sub-funds of the Company are available at www.garrawaycm.com or from Maples Fund Services (Ireland) Limited (the “Administrator”), in English free of charge.

Share Price: the current share price is available at www.garrawaycm.com.

Umbrella Fund: The Fund is a sub-fund of the Company, an umbrella investment company with segregated liability between sub-funds, established under the laws of Ireland. This means that the assets and liabilities of each sub-fund are segregated by law and the assets of a sub-fund cannot be used to pay the liabilities of other sub-funds of the Company.

Remuneration Policy: details of the Company’s remuneration policy, including all required elements, are available at www.garrawaycm.com and a paper copy is available free of charge on request.

Tax legislation: The Fund is subject to Irish taxation legislation, which may have an impact on your personal tax position as an investor in the Fund. Investors should consult their own tax advisers before investing in the Fund.

Switching Shares: Shares in the Fund may be switched for shares of another class in the Fund, subject to certain conditions and meeting the requirements for investment in such other classes. See the section entitled “Exchange of Shares” in the Prospectus.

Liability Statement: The Company may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus and Supplement.

ONE-OFF CHARGES TAKEN BEFORE OR AFTER YOU INVEST

Entry charge 5.00%

Exit charge None

Anti-Dilution Levy % amount reflecting specific dealing costs.

This is the maximum that might be taken out of your money before it is invested or before the proceeds of your investment are paid out.

CHARGES TAKEN FROM THE SHARE CLASS OVER A YEAR

Ongoing charges 1.88%

CHARGES TAKEN FROM THE FUND UNDER CERTAIN SPECIFIC

CONDITIONS

Performance fee 20% of the Net New Profits (as defined in the

Supplement).

The Company and the Fund are authorised and regulated by the Central Bank of Ireland.

This key investor information is accurate as at 13 February 2019.

The Fund was authorised by the Central Bank of Ireland on 20 September 2012.

Past performance is calculated in GBP.

The past performance calculation does not take into account the entry and exit charges but does take into account the ongoing charges referred to above.

Past performance is not a reliable indicator of future performance.

Goldman Sachs Global Small Cap CORE® EquityPortfolio (the “Portfolio”) Class R Shares (Snap) (GBP)(ISIN: LU1253914516)a sub-fund of Goldman Sachs Funds (the “Fund”)The Portfolio is managed by Goldman Sachs Asset Management FundServices Limited (the “Manager”), part of Goldman Sachs group ofcompanies.

Key Investor InformationThis document provides you with key investor informationabout this fund. It is not marketing material. The informationis required by law to help you understand the nature andthe risks of investing in this fund. You are advised to read itso you can make an informed decision about whether toinvest.

Objectives and Investment Policy1 The Portfolio seeks to provide capital growth over the longer term.1 The Portfolio will mostly hold shares or similar instruments relating to

companies anywhere in the world which have a market capital value nogreater than the company with the largest market capital value in the S&PDeveloped Small Cap Index at the time the investment is made. ThePortfolio may also invest in companies which do not meet this requirement.The Portfolio utilises the CORE strategy, a multi-factor proprietary modeldeveloped by Goldman Sachs which aims to forecast returns on securities.

1 The Portfolio will not invest more than one-third of its assets in bondsissued by corporate or government entities, convertibles (securities thatcan be converted into other types of securities), money market instrumentsand non-share related instruments.

1 The Portfolio may use derivatives for efficient portfolio managementpurposes, to help manage risks and for investment purposes in order toseek to increase return. A derivative instrument is a contract between twoor more parties whose value depends on the rise and fall of otherunderlying assets.

1 Shares in the Portfolio may be redeemed daily (on each business day) ondemand.

1 The reference benchmark is the S&P Developed Small Cap Index (Total

Return Net) (GBP). Consideration will be given to this referencebenchmark (in the Portfolio's base currency) when managing the Portfolio.However you should be aware that this may not be the case and returnsmay deviate materially from the performance of the specified referencebenchmark.

1 The term “CORE®” is a registered service mark of Goldman Sachs & Co.1 Income (net of expenses) is distributed on an annual basis.1 The Portfolio currency is USD. The share class currency is GBP.1 For full investment objective and policy details see the Prospectus.

Risk and Reward ProfileLower risk Higher riskPotentially lower reward Potentially higher reward

1 2 3 4 5 6 7This risk profile is based on historical data and may not be a reliable indicationof the future risk profile of the Portfolio. The risk category shown is notguaranteed and may change over time. The lowest category does not meanrisk free. It is possible that a portfolio stated to have a lower risk profile mayin fact fall in value more than a portfolio with a higher risk profile.The Portfolio is in category 5 as it mostly invests in shares and similarinstruments of companies with smaller market capital values which typicallyexperience higher levels of price fluctuations than such securities ofcompanies with larger market capital values.The capital is not guaranteed.Other Material Risks:1 Market risk - the value of assets in the Portfolio is typically dictated by a

number of factors, including the confidence levels of the market in whichthey are traded.

1 Operational risk - material losses to the Portfolio may arise as a resultof human error, system and/or process failures, inadequate proceduresor controls.

1 Liquidity risk - the Portfolio may not always find another party willing topurchase an asset that the Portfolio wants to sell which could impact thePortfolio's ability to meet redemption requests on demand.

1 Exchange rate risk - changes in exchange rates may reduce or increasethe returns an investor might expect to receive independent of theperformance of such assets. If applicable, investment techniques usedto attempt to reduce the risk of currency movements (hedging), may notbe effective. Hedging also involves additional risks associated withderivatives.

1 Custodian risk - insolvency, breaches of duty of care or misconduct of acustodian or sub-custodian responsible for the safekeeping of thePortfolio's assets can result in loss to the Portfolio.

1 Derivatives risk - derivative instruments are highly sensitive to changesin the value of the underlying asset that they are based on. Certainderivatives may result in losses greater than the amount originallyinvested.

1 Counterparty risk - a party that the Portfolio transacts with may fail tomeet its obligations which could cause losses.

1 Emerging markets risk - emerging markets are likely to bear higher riskdue to lower liquidity and possible lack of adequate financial, legal, social,political and economic structures, protection and stability as well asuncertain tax positions.

1 Small capitalisation companies risk - investing in the securities ofsmaller, lesser-known companies may involve greater risk due to the lesscertain growth prospects, the lower degree of liquidity (see liquidity risk)of such shares and the greater sensitivity of small companies to changingeconomic conditions.

1 Model risk - the Investment Adviser employs sophisticated models,developed by Goldman Sachs, which select investments for the Portfolio.Investments selected using these models may perform differently thanexpected as a result of the design of the model, inputs into the model orother factors.

1 For more detailed information on the risks associated with aninvestment in the Portfolio, please refer to the section in theProspectus entitled “Risk Considerations” and discuss with yourprofessional advisers.

ChargesThe charges you pay are used to pay the cost of running the Portfolio,including the costs of marketing and distributing it. These charges reducethe potential growth of your investment.

One-off charges taken before or after you investEntry charge 5.50%Exit charge none

This is the maximum that might be taken out of your money before it is invested /before the proceeds of your investment are paid out.

Charges taken over a yearOngoing charges 0.81%Charges taken under certain specific conditionsPerformance fee none

Where applicable, the entry and exit charges shown are maximum figuresand in some cases you might pay less - please contact your professionaladvisers for more information.

The ongoing charges figure is based on expenses for the year endingNovember 2018. This figure may vary from year to year. It excludestransaction costs (including taxes and brokerage commissions) and anyborrowing costs, which are payable from the assets of the Portfolio and mayimpact returns on your investment, and performance fees (whereapplicable).

For more information about charges, please refer to the Fund'sProspectus, section entitled “Fees and Expenses” and the relevantsupplement for the Portfolio.

Past PerformanceClass R Shares (Snap) (GBP) (LU1253914516)S&P Developed Small Cap Index (Total Return Net) (GBP)

%

The Portfolio was launched in August 2006. The share class waslaunched in July 2015.

Where applicable, past performance has been calculated in GBP andis expressed as a percentage change of the Portfolio's Net AssetValue at each year end (net of all fees). Where past performance isnot shown there is insufficient data to provide a useful indication ofpast performance.

Please be aware that past performance is not indicative of futureperformance which may vary.

Practical InformationDepositary: State Street Bank Luxembourg S.C.A.Further Information: The Prospectus, annual and semi-annual reports andlatest share price are available free of charge from the Fund's registeredoffice, the Manager, administrator or the Portfolio's distributors. TheProspectus is available in English, French, German, Italian and Spanish.This document is for a single Portfolio of the Fund and the Prospectus,annual and semi-annual reports is for the entire Fund.The Fund is an investment company with segregated liability betweenportfolios under Luxembourg law. Therefore, the assets of the Portfolio youhave invested in should not be used to pay the liabilities of other portfolios.However, this has not been tested in other jurisdictions.Switching between Portfolios: Shares are available in other share classesand in other currencies as may be specified in the Prospectus. Shareholdersmay apply for their shares in any share class of any portfolio to be convertedinto any share class of another portfolio, subject to the conditions set out inthe Prospectus (charges may apply).

Liability Statement: The Fund may be held liable solely on the basis of anystatement contained in this document that is misleading, inaccurate orinconsistent with the relevant parts of the Prospectus for the Fund.Tax Legislation: This Portfolio's investments may be subject to tax in thecountries in which it invests. In addition, this Portfolio is subject to the taxlaw and regulation of Luxembourg which may have an impact on yourpersonal tax position and impact your investment. For further details, pleasespeak to your professional advisers.Remuneration Policy: Details of the up-to-date remuneration policy of theManager, including, but not limited to, a description of how the remunerationand benefits are determined and governed by the Manager, are availableat https://www.gsam.com/content/dam/gsam/pdfs/international/en/pds-an-d-regulatory/important-additional-information/GSAMFSL%20-%20Compen-sation%20Policy%20Statement.pdf and a paper copy is made available freeof charge upon request.

This Fund is authorised in Luxembourg and supervised by the Commission de Surveillance du Secteur Financier(Grand Duchy of Luxembourg). The Manager is authorised in Ireland and regulated by the Central Bank of Ireland. This key investor information is accurate as at 28/02/2019.

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

ISIN IE00BDHSRD90The fund is managed by Link Fund ManagerSolutions (Ireland) Limited, part of the AssetServices Division of Link AdministrationHoldings Limited

Guinness Asian Equity Income Fund class Y GBP AccGuinness Asian Equity Income Fund , a sub fund of Guinness Asset Management Funds plc

Objective & Investment Policy

The fund aims to increase the value of the amount you invest init over a period of years. To do this the fund invests in theshares of a range of companies doing business in Asia. Thefund will normally invest in at least four different countries.Any income the fund receives will be reinvested to grow the

value of your investment. You may sell your investment on anyworking day in Ireland. Recommendation: this fund may not beappropriate for investors who plan to withdraw their moneywithin five years.

Risk and Reward Profile

Lower Risk Higher Risk

Typically Lower Rewards Typically Higher Rewards1 2 3 4 5 6 7

The risk and reward indicator shows where the fund ranks interms of its potential risk and return. The higher the rank thegreater the potential reward but the greater the risk of losingmoney. The shaded area in the table shows this fund's rank.The fund is ranked as higher risk as its price has shown highfluctuations historically. This is based on how investmentshave performed in the past and you should note that the fundmay perform differently in the future and its rank may change.Historical data may not be a reliable indicator for the future.

Please note that even funds with the lowest rank may lose youmoney. In addition to the level of risk shown by the indicator,there are other risks associated with this fund. The fundinvests mainly in shares, and the value of these may fall or risedue to a number of factors, including the performance of thecompany and general stock market and exchange ratefluctuations. The value of your investment may rise or fall andyou could get back less than you invest. Further informationabout risks can be found in the Prospectus.

This fund is authorised in Ireland and regulated by the Central Bank of Ireland. Link Fund Manager Solutions (Ireland) Limited is authorised in Ireland and regulated by the CentralBank of Ireland.

This key investor information is accurate as at 05 February 2019. Page 1/2

Guinness Asian Equity Income Fund class Y GBP AccGuinness Asian Equity Income Fund , a sub fund of Guinness Asset Management Funds plc

Charges

The charges you pay are used to pay the costs of running thefund, including marketing and distributing costs. These chargesreduce the potential growth of your investment.

One-off charges taken before or after you invest.Entry charge NoneExit charge 2.00%

Charges taken from the fund over a yearOngoing charges 0.99%

Charges taken from the fund under certain specific conditionsPerformance fee None

The entry and exit charges shown are maximum figures. This isthe maximum that might be taken out of your money before itis invested and before proceeds of your investment are paidout, respectively. In some cases you might pay less - you canfind this out from your financial adviser. There is no exit chargeif you have held your investment for more than thirty days. Theongoing charges figure is based on expenses for 2018. Thisfigure may vary from year to year. It excludes portfoliotransaction costs. For more information about charges pleasesee Section 3 of the Fund’s prospectus which is available atwww.guinnessfunds.com\pdfdocuments\prospectus.pdf

Past Performance

-10.3-12

-8

-4

0

2014 2015 2016 2017 2018

The graph shows annual performance in GBP for the fund witha launch date: 08/05/2017Past performance is not an indicator of future performance.Performance is after taking account of the ongoing expenses ofthe fund but does not reflect the impact of any entry or exitcharge.

Practical Information

Depository: JP Morgan Bank (Ireland) PLC is the depository forthis fund.Further Information: More information is available free ofcharge from the Administrator or from the websitewww.guinnessfunds.com. This information includes the fullprospectus and the latest annual and semi-annual reports, inEnglish and German.The prospectus and reports refer to allsub-funds of the umbrella fund. The latest price is available onthe website www.guinnessfunds.com.Details of the Manager’s up-to-date remuneration policy, including, but not limited to, a description of how remuneration and benefits are calculated and the identity of persons responsible for awarding the remuneration and benefits, are available at https://www.linkassetservices.com/what-we-do/funds-solutions/irish-management-company and a paper copy of such remuneration policy is available to investors free of charge upon request.Practical Information: The fund's administrator is Link FundAdministrators (Ireland) Ltd, 2 Grand Canal Square, Grand

Canal Harbour, Dublin 2, Ireland emaildublinta@linkgroup.ie.comTax Legislation: The fund is subject to Irish tax regulations.This may have an impact on your personal tax position.Liability Statement: Link Fund Manager Solutions (Ireland)Limited may be held liable solely on the basis of any statementcontained in this document that is misleading, inaccurate orinconsistent with the relevant parts of the prospectus for thefund.Fund information: The fund is a sub-fund of Guinness AssetManagement Funds plc (the "umbrella fund"). Under Irish lawthere is segregated liability between sub-funds. This meansthat the assets of one sub-fund may not be used to satisfy theliabilities of another sub-fund. You may switch into anothershare class, either of this fund or of one of the other sub-fundsof the umbrella fund, provided that you meet the criteria forinvesting in that class. There is no charge for switching.Information about how to switch may be obtained from theadministrator.

This fund is authorised in Ireland and regulated by the Central Bank of Ireland. Link Fund Manager Solutions (Ireland) Limited is authorised in Ireland and regulated by the CentralBank of Ireland.

This key investor information is accurate as at 05 February 2019. Page 2/2

The benchmark is the intellectual property of the index provider. The Share Class is not sponsored or endorsed by the index provider. Please refer to the Fund's prospectus for full disclaimer.

KEY INVESTOR INFORMATIONThis 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 investing in this Fund. You are advised to read it so you can make an informed decision about whether to invest.

iShares MSCI USA Small Cap UCITS ETFA sub-fund of iShares VII plc

USD (Acc) Share ClassISIN: IE00B3VWM098 Exchange Traded Fund (ETF)

Manager: BlackRock Asset Management Ireland Limited

Objectives and Investment PolicyThe Share Class is a share class of a Fund which aims to achieve a return on your investment which reflects the return of the MSCI USA Small Cap Index, the Fund’s benchmark index.The Share Class, via the Fund, aims to invest so far as possible and practicable in the equity securities (e.g. shares) that make up the benchmark index.The benchmark index measures the performance of equity securities issued by companies in the United States with small market capitalisation according to the MSCI size, liquidity and free float criteria. The benchmark index is a free float-adjusted market capitalisation weighted index. Free float – adjusted means that only shares available to international investors, rather than all of a company’s issued shares, are used in calculating the benchmark index. Free float-adjusted market capitalisation is the share price of the company multiplied by the number of shares available to international investors. Securities that are liquid means that they can be easily bought or sold in the market in normal market conditions.The Fund uses optimising techniques to achieve a similar return to its benchmark index. These techniques may include the strategic selection of certain securities that make up the benchmark index or other securities which provide similar performance to certain constituent securities. These may also include the use of financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets). FDIs may be used for direct investment purposes. The use of FDIs is expected to be limited for this Share Class.The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of the Fund.Recommendation: This Fund is suitable for medium to long term investment, though the Fund may also be suitable for shorter term exposure to the Index.Your shares will be accumulating shares (i.e. income will be included in their value).Your shares will be denominated in US Dollar, the Fund's base currency.The shares are listed on one or more stock exchanges and may be traded in currencies other than their base currency. The performance of your shares may be affected by this currency difference. In normal circumstances, only authorised participants (e.g. select financial institutions) may deal in shares (or interests in shares) directly with the Fund. Other investors can deal in shares (or interests in shares) daily through an intermediary on stock exchange (s) on which the shares are traded.

For more information on the Fund, Share Class, risks and charges, please see the Fund's prospectus, available on the product pages at www.blackrock.com

Risk and Reward ProfileLower risk Higher riskTypically lower rewards Typically higher rewards

This indicator is based on historical data and may not be a reliable indication of the future risk profile of this Share Class.The risk category shown is not guaranteed and may change over time.The lowest category does not mean risk free.The Share Class is rated six due to the nature of its investments which include the risks listed below. These factors may impact the value of the Share Class or expose the Share Class to losses.

- Shares in smaller companies typically trade in less volume and experience greater price variations than larger companies.

- The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events.

Particular risks not adequately captured by the risk indicator include:

- Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Share Class to financial loss.

- Liquidity Risk: Lower liquidity means there are insufficient buyers or sellers to allow the Fund to sell or buy investments readily.

This Fund and its manager, BlackRock Asset Management Ireland Limited, are authorised in Ireland and regulated by the Central Bank of Ireland.This Key Investor Information is accurate as at 21 May 2019

ChargesThe charges are used to pay the costs of running the Share Class, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment.

*Not applicable to secondary market investors. Investors dealing on a stock exchange will pay fees charged by their stock brokers. Such charges are publicly available on exchanges on which the shares are listed and traded, or can be obtained from stock brokers.

*Authorised participants dealing directly with the Fund will pay related transaction costs.

The ongoing charges figure is based on the fixed annualised fee charged to the Share Class in accordance with the Fund’s prospectus. This figure excludes portfolio trade related costs, except costs paid to the depositary and any entry/exit charge paid to an underlying collective investment scheme (if any).

** To the extent the Fund undertakes securities lending to reduce costs, theFund will receive 62.5% of the associated revenue generated and the remaining37.5% will be received by BlackRock as the securities lending agent. Assecurities lending revenue sharing does not increase the costs of running theFund, this has been excluded from the ongoing charges.

One-off charges taken before or after you invest

Entry Charge None*

Exit Charge None*

This is the maximum that might be taken out of your money before it is invested or before proceeds of your investments are paid out.

Charges taken from the Share Class over each yearOngoing Charges 0.43%**Charges taken from the Share Class under certain conditionsPerformance Fee None

Past PerformancePast performance is not a guide to future performance.The chart shows the Share Class's annual performance in USD for each full calendar year over the period displayed in the chart. It is expressed as a percentage change of the Share Class's net asset value at each year-end. The Fund was launched in 2009. The Share Class was launched in 2009.Performance is shown after deduction of ongoing charges. Any entry/exit charges are excluded from the calculation.

† Benchmark:MSCI USA Small Cap (USD)

Historic performance to 31 December 2018

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Fund 27.7 -3.4 17.5 36.8 6.5 -4.0 19.1 16.5 -10.5

Benchmark † 27.5 -3.4 17.5 37.6 7.1 -4.1 19.1 16.8 -10.4

Practical InformationThe depositary of the Fund is State Street Custodial Services (Ireland) Limited.Further information about the Fund and the Share Class can be obtained from the latest annual report and half-yearly reports of iShares VII plc. These documents are available free of charge in English and certain other languages. These can be found, along with other information, such as details of the key underlying investments of the Share Class and share prices, on the iShares website at www.ishares.com or by calling +44 (0)845 357 7000 or from your broker or financial adviser.Investors should note that the tax legislation that applies to the Fund and Share Class may have an impact on the personal tax position of your investment.The Fund is a sub-fund of iShares VII plc, an umbrella structure comprising different sub-funds. The Fund has one or more share classes. This document is specific to the Fund and Share Class stated at the beginning of this document. However, the prospectus, annual and half-yearly reports are prepared for the umbrella.iShares VII plc 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.The indicative intra-day net asset value of the Share Class is available at http://deutsche-boerse.com and/or http://www.reuters.com.Under Irish law, iShares VII plc has segregated liability between its sub-funds (i.e. the Fund’s assets will not be used to discharge the liabilities of other sub-funds within iShares VII plc). In addition, the Fund's assets are held separately from the assets of other sub-funds. Assets and liabilities specific to a share class would be attributable to only that share class, however there is no segregation of liabilities between share classes under Irish law.Switching of shares between the Fund and other sub-funds within iShares VII plc is not available to investors. Only Authorised Participants dealing directly with the Fund may switch shares between share classes of the Fund subject to meeting certain conditions in the Fund's prospectus.The Remuneration Policy of the Management Company, which describes how remuneration and benefits are determined and awarded, and the associated governance arrangements, is available at www.blackrock.com/Remunerationpolicy or on request from the registered office of the Management Company.

A sub-fund of Janus Henderson Investment Fund Series I, an OEIC managed by Henderson Investment Funds Limited.

Objectives and investment policyObjective

The Fund aims to provide an absolute (more than zero) return,typically over a 12-month period. An absolute return performance isnot guaranteed over this specific, or any other, time period andconsequently your capital is in fact at risk.

Investment policy

The Fund will typically invest at least 60% in:

▪ Shares of or derivatives of shares of UK companies (as defined inthe prospectus). The Fund takes long positions on shares itbelieves are promising (meaning that the Fund will gain to theextent these share prices rise) and takes short positions in sharesit believes are likely to decline in price (meaning the Fund will gainto the extent these share prices fall).

A substantial proportion of the Fund's assets may at any timeconsist of cash and near cash securities.

The Fund may also invest in:

▪ Up to 40% in shares or derivatives of shares of companies outsideof the UK

In choosing investments, the investment manager looks forcompanies which have the potential to increase or decrease in pricemore over the long term than is currently reflected in market prices.

The Fund makes extensive use of investment techniques,particularly those that involve derivatives, to obtain both its long andshort investment exposure.

Recommendation: this Fund may not be appropriate for investorswho plan to withdraw their money within 5 years.

This Fund is designed to be used only as one component in severalin a diversified investment portfolio. Investors should considercarefully the proportion of their portfolio invested into this Fund.

Fund currency GBP Share class currency GBP

Terms to understand

Collective Investment Schemes Funds that invest in shares andother securities from the UK and elsewhere.

Derivatives Financial instruments whose value is linked to the priceof an underlying asset (eg indices, rates, share prices).

Money market instruments A short term debt instrument, issuedby a government or company as a way to raise money. Generallyconsidered a cash equivalent.

Shares / Equities Securities that represent fractional ownershipin a company.

Short Position Taking a negative view on a security to profit froma fall in its price.

Volatility How sharply the Fund's share price has gone up and downover a period, generally several years.

You can buy, sell or switch shares in the Fund on any business day,as defined within the “Definitions” Section of the Fund’s prospectus.

The Fund offers accumulation shares (shares in which net income isretained within the price).

Risk and reward profile� Potentially lower reward Potentially higher reward �

� Lower risk Higher risk �

1 2 3 4 5 6 7

The value of an investment and any income from it can go up ordown. When you sell your shares they may be worth less than youpaid for them.

The risk/reward rating above is based on medium-term volatility. Inthe future, the Fund's actual volatility could be higher or lower andits rated risk/reward level could change.

The share class appears at 4 out of 7. Share classes in highercategories have shown greater and/or more frequent variations inshare price in the past 5 years than those in lower categories. Thelowest category does not mean risk free.

The rating does not reflect the possible effects of unusual marketconditions or large unpredictable events. Under normal marketconditions the following risks may apply:

Equities Shares can lose value rapidly, and typically involve higherrisks than bonds or money market instruments. The value of yourinvestment may fall as a result.

Country or Region If a Fund has a high exposure to a particularcountry or geographical region it carries a higher level of risk than aFund which is more broadly diversified.

Derivatives and Leverage The Fund may use derivatives towards theaim of achieving its investment objective. This can result in'leverage', which can magnify an investment outcome and gains orlosses to the Fund may be greater than the cost of the derivative.Derivatives also introduce other risks, in particular, that a derivativecounterparty may not meet its contractual obligations.

Exchange Rates If the Fund holds assets in currencies other than thebase currency of the Fund or you invest in a share/unit class of adifferent currency to the Fund (unless 'hedged'), the value of yourinvestment may be impacted by changes in exchange rates.

Liquidity Securities within the Fund could become hard to value or tosell at a desired time and price, especially in extreme marketconditions when asset prices may be falling, increasing the risk ofinvestment losses.

Transaction Costs (higher turnover strategy) The Fund involves a highlevel of buying and selling activity and as such will incur a higherlevel of transaction costs than a fund that trades less frequently.These transaction costs are in addition to the Fund's OngoingCharges.

Non-UK Assets The Fund may invest up to 40% in shares orderivatives of shares of companies outside the UK.

The full list of the Fund's risks are contained in the “Risk Factors”section of the Fund's prospectus.

Janus HendersonKEYINVESTORINFORMATION This document provides you with Key InvestorInformation about this Fund. It is not marketing material. The information is required by law to helpyou understand the nature and the risks of investing in this Fund. You are advised to read it so youcan make an informed decision about whether to invest.

UK ABSOLUTE RETURN FUNDClass I Acc ISIN: GB00B5KKCX12

ChargesThe charges you pay are used to pay the costs of running the Fund,including the costs of managing and distributing it. These chargesreduce the potential growth of your investment.

If you invest through a third party provider you are advised to consultthem directly as charges, performance and terms and conditions maydiffer materially to those shown in this document.

One-off charges taken before or after you invest*

Entry Charge 5.00%

Exit Charge 0.00%**

* The charges shown are maximum figures. In some cases you maypay less.** Subject to a charge of up to 3.00% where the Manager suspectsexcessive trading by an investor (and specifically on subscriptionsheld for less than 90 days).

Charges taken from the Fund over a year

Ongoing Charges 1.05%

The ongoing charges are based on last year's expenses for the yearending 31 May 2018. Ongoing charges may vary from year to year.

The figure for ongoing charges excludes portfolio transaction costs,except in the case of an initial charge paid by the Fund when buyingshares or units in another fund.

Charges taken from the Fund under certain specific conditions

Performance fee 20.00%*

*20% of any returns that, subject to a High Water Mark, the Fundachieves above the Bank of England Base Rate. The actual amountcharged in the Fund's last financial year amounted to 0.33%.

For more information about charges, please see the “Charges”section of the Fund's prospectus.

Past performance

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

Per

form

ance

(%

)

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

4.1

0.1

4.8

17.6

5.1

7.7

1.63.3

-2.7

YearThe Fund

The past performance is calculated in GBP.

The Fund and the share class were launched in April 2009.

Past performance is not a guide to future performance.

The past performance shown in the chart takes into account allcharges except entry charges.

Practical informationDepositary: NatWest Trustee and Depositary Services Limited.

To obtain more information: This Key Investor InformationDocument may not contain all the information you need.

For the last published price of shares in the Fund, or to obtain theannual/semi-annual report, please visitwww.janushenderson.com. Documents are available free ofcharge in English. For a free copy of the Fund’s prospectusplease contact the registered office of the Fund at 201Bishopsgate, London EC2M 3AE, UK.

Tax: Investors should note that the tax legislation that applies tothe Fund may have an impact on the personal tax position of theirinvestment in the Fund.

Contact your adviser to discuss tax treatment, suitability of thisinvestment, and other questions.

Notices: Henderson Investment Funds Limited may be held liablesolely on the basis of any statement contained in this documentthat is misleading, inaccurate or inconsistent with the relevantparts of the prospectus for the Fund.

The assets of each sub-fund are segregated, meaning that eachsub-fund is insulated from any losses or claims associated with

the other sub-funds.

To place transaction orders: You can place orders to buy, sell orswitch shares of this Fund by contacting your advisor ordistributor, or us directly at Janus Henderson Investors, PO BOX9023, Chelmsford CM99 2WB or by calling our Investor Servicesteam on 0800 832 832.

Further information about dealing, other share classes of this Fundor other funds in this OEIC may be obtained by visitingwww.janushenderson.com or found in the Fund's prospectus.

The Fund is authorised in the UK and regulated by the FinancialConduct Authority (“FCA”). Henderson Investment Funds Limitedis authorised in the UK and regulated by the FCA.

The details of the up-to-date remuneration policy of the Managerare available at www.janushenderson.com. A paper copy of theremuneration policy will be made available free of charge uponrequest. These include a description of how pay and benefits areworked out and the people or committee members responsible forawarding them.

This Key Investor Information is accurate as at 21 May 2019.

Key Investor Information

This document provides you with the 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.

LF Odey Absolute Return Fund, Sterling Institutional Accumulation,

a fund within LF Odey Funds (ISIN: GB00B55NGS86)

The fund is managed by Link Fund Solutions Limited, part of the Asset Services Division of Link Administration

Holdings Limited.

Objective and investment policy

Objective The fund aims to provide a positive return each year independent of market conditions. Capital is at risk and there is no guarantee that a positive return will be delivered over any one or number of 12 month periods.

Investment Policy The fund may invest globally in shares and share related derivatives (including long and synthetic short positions which may perform differently from the market as a whole). It may also invest in government and corporate debt securities, closed-ended funds, collective investment schemes, derivatives, currency and cash. The fund may invest up to 10% in assets to gain indirect commodity exposure.

Essential features of the fund:

The fund has the discretion to invest in any of the investments noted above with no need to adhere to a benchmark.

You can buy and sell shares in the fund on each business day.

Income from the fund will be added to the value of your investment.

Derivatives are used for investment purposes and to manage the risk profile of the fund.

Recommendation: This fund may not be appropriate for investors who plan to withdraw their money within 5 years.

Risk and reward profile

This indicator shows how much a fund has risen and fallen in the past, and therefore how much a fund's returns have varied. It is a measure of a fund's volatility. The higher a fund's past volatility the higher the number on the scale and the greater the risk that investors in that fund may have made losses as well as gains. The lowest number on the scale does not mean that a fund is risk free.

The fund has been classed as 7 because its volatility has been measured as high.

This indicator is based on historical data and may not be a reliable indication of the future risk profile of this fund.

The risk and reward profile shown is not guaranteed to remain the same and may shift over time. Investors may not get back the amount originally invested and may lose money. There is no assurance that the objective of the fund will be achieved.

Typically lower rewards Typically higher rewards

Lower risk Higher risk

1 2 3 4 5 6 7

Currency Risk: As the fund invests in overseas securities movements in exchange rates, when not hedged, may cause the value of your investment to increase or decrease.

The value of fixed interest securities is affected by trends in interest rates, inflation and their credit ratings.

Liquidity Risk: At times, some shares may trade infrequently which means it may be more difficult for the fund to buy and sell them. Prices may also be subject to short term swings.

Counterparty and Derivatives Risks: As the fund may enter into derivative agreements, there is a risk that other parties may fail to meet their obligations leading to delays in receiving amounts due or less than is due. The use of derivatives may cause the fund's exposure to be greater than its net asset value. A small movement may have a much larger impact than if only the underlying investments were held.

Concentrated Fund: The fund may hold a large weighting in a small number of investments and may therefore be subject to larger than normal swings in its value.

For full details of the fund's risks, please see the prospectus which may be obtained from the address in 'Practical Information' below.

Charges for this Fund

The charges you pay are used to pay the costs of running the fund. These charges reduce the potential growth of your investment.

One-off charges taken before or after you invest

Entry Charge 4.00%

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

Exit Charge None

Charges taken from the fund over the year

Ongoing Charges 1.06%

Charges taken from the fund under certain specific conditions

Performance Fee 20.00%of the increase in the value per share of the fund between the beginning and the end of the year.

The entry charge shown is a maximum figure. In some cases investors may pay less. You can find out the actual charges from your financial advisor or distributor.

The ongoing charges figure is based on expenses as at 30 June 2019. This figure may vary from year to year. The ongoing charges are taken from the income of the fund. They exclude portfolio transaction costs, except in the case of an entry/exit charge paid by the fund when buying or selling units in another collective investment undertaking.

There was no performance fee paid in this share class for the financial year ended 31st December 2018.

You may also be charged a dilution levy on entry to or exit from the fund.

For more information about charges, please see the prospectus Sections 3.5 & 7 and Appendix VI, which may be obtained free of charge from the address in 'Practical Information' below.

Past performance

LF Odey Absolute Return Fund

A: The fund changed its investment policy on 28/06/2013 and therefore past performance before that date was achieved under circumstances which no longer apply.

Past performance is not a guide to future performance.

The past performance in the chart shown opposite is net of tax and charges but excludes the entry and exit charges that may be paid on the purchase and sale of an investment. The fund changed its objective in June 2013.

The fund was launched in May 2009 as the CF Odey UK Absolute Return Fund and renamed in June 2013.

Performance is calculated in Pounds Sterling.

Practical information

LF Odey Funds This key investor information document describes a fund within the LF Odey Funds company. The prospectus and periodic reports are prepared for the entire company.

Documents

Copies of the fund's prospectus and the latest annual and semi annual reports for the fund and LF Odey Funds may be obtained from www.linkfundsolutions.co.uk or by writing to Link Fund Solutions Limited, PO Box 389, Darlington, DL1 9UF. These documents are available in English and are free of charge.

Details of Link Fund Solutions' Remuneration Code are available on the website www.linkfundsolutions.co.uk. This sets out a description of how remuneration and benefits are calculated and the identities of persons responsible for awarding the remuneration and benefits. A paper copy is available free of charge on request.

Prices of shares and further information

The latest published prices of shares in the fund and other information, including how to buy and sell shares are available from www.linkfundsolutions.co.uk, by calling 0345 300 2106 during normal business hours or by writing to Link Fund Solutions Limited, PO Box 389, Darlington, DL1 9UF.

Depositary NatWest Trustee and Depositary Services Limited

Tax UK tax legislation may have an impact on your personal tax position.

Liability Link Fund Solutions 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 LF Odey Funds.

This fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority. Link Fund Solutions Limited is authorised in the United Kingdom and regulated by the Financial Conduct Authority.

This key investor information is accurate as at 17/10/2019.

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

15.7 3.5 37.2 45.6 5.5 7.6 -17.8 2.9 3.8

-30

-20

-10

0

10

20

30

40

50

%

A

SPECIAL SITUATIONS FUND

This document provides you with key investor information about this Fund. It is not marketing material. The information is

required by law to help you understand the nature and the risks of investing in this Fund. You are advised to read it so you can

make an informed decision about whether to invest.

Liontrust Special Situations Fund is an Authorised Unit Trust and categorised as a UCITS scheme. This document is based upon

Institutional class units (I Inc Class) (ISIN: GB00B57H4F11). This Fund is managed by Liontrust Fund Partners LLP, a subsidiary of

Liontrust Asset Management PLC.

KEY INVESTOR

INFORMATION

DOCUMENT

Objective ■ To provide long-term capital growth by investing in mainly UK equities using

the Economic Advantage investment process.

Policy ■ The Fund invests at least 80% in companies traded on the UK and Irish stock

exchanges.■ The Fund is not restricted in choice of investment in terms of company size

or sector.■ Income from the Fund’s investments may either be paid to you or

reinvested in the Fund.

Recommendation ■ This Fund may not be appropriate for investors who plan to withdraw their

money within 5 years.

How to buy ■ You may buy or sell units on a daily basis (but not weekends or Bank

Holidays). Orders must be received by 12:00 midday for execution at 12:00midday valuation point on the same day. Further details can be found at www.liontrust.co.uk/How to invest.

Investment process ■ The Fund can invest in any companies in the UK and Ireland regardless of

their size or sector, enabling the managers to find the best opportunities wherever they are across the UK stock market.

■ A fundamental principle of competitive markets is that profits regress to the mean. The fund managers believe the secret to successful investing is to identify those few companies that have a durable Economic Advantage which allows them to defy this principle and sustain a higher than average level of profitability for longer than expected. This surprises the market and can lead to strong share price appreciation.

■ Economic Advantage is the collection of distinctive characteristics of a company that competitors struggle to reproduce even if those competitors have understood the benefits arising from those characteristics.

■ In the fund managers' experience, the hardest characteristics for competitors to replicate are three classes of intangible assets: intellectual property, strong distribution channels and significant recurring business.

■ The Fund measures the universe of Economic Advantage companies for the market’s appreciation of their potential earnings growth. Under-appreciated companies have the strongest potential for share price growth.

■ Every smaller company held in the Economic Advantage funds has at least 3% of its equity held by main board directors. Companies are also assessed for employee ownership below the board and changes in equity ownership are monitored.

■ Further details may be found in the prospectus and information on the investment process may be found at www.liontrust.co.uk.

Risk and reward profile

Lower Risk Higher RiskTypically lower rewards Typically higher rewards

1 2 3 4 5 6 7

■ This Synthetic Risk and Reward Indicator (SRRI) is based on historical data and may not be relied upon to gauge the future risk profile of the Fund.

■ The SRRI shown is not guaranteed to remain the same and may shift overtime.

■ The lowest category (1) does not mean 'risk free'.

■ The Fund's risk and reward category has been calculated using the methodology set by the European Commission. It is based upon the rate by which the Fund or a representative fund or index's value has moved up anddown in the past.

■ The Fund is categorised 5 for its exposure to UK companies.

■ The SRRI may not fully take into account the following risks:

– that a company may fail thus reducing its value within the Fund;

– any company which has high overseas earnings may carry a higher currency risk;

■ The Fund may encounter liquidity constraints from time to time. In addition the spread between the price you buy and sell units will reflect the less liquid nature of the underlying holdings.

■ The Fund may invest in companies listed on the Alternative Investment Market (AIM) which is primarily for emerging or smaller companies. The rules are less demanding than those of the official List of the London StockExchange and therefore companies listed on AIM may carry a greater risk than a company with a full listing.

■ The Fund may, under certain circumstances, make use of derivative instruments but it is not intended that their use will materially affect volatility.

■ Counterparty risk: any derivative contract, including FX hedging, may be at risk if the counterparty fails.

■ For full details of the Fund’s risks, please see the prospectus which may be obtained from Liontrust (address overleaf) or online at www.liontrust.co.uk.

SPECIAL SITUATIONS FUND

Liontrust Fund Partners LLP may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the Fund. This Key Investor Information is accurate as at 17 April 2019.

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 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 the year

Ongoing charges 0.87%

■ The entry and exit charges shown are maximum figures. In some cases you might pay less – you can find this out from your financial adviser or fund platform if you are not using a financial adviser.

■ The ongoing charges figure is based on expenses as at 31 December 2018. 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/shares in another collective investment undertaking.

■ For more information about charges, please see the Charges and Expenses section of the Fund’s prospectus, which is available electronically at www.liontrust.co.uk/Literature/DownloadLiterature.

Charges taken from the Fund under certain specific circumstances

Performance fee None

Past performance

■ Past performance is not a guide to future performance.■ Past performance has been calculated on the basis that any

distributable income of the Fund has been reinvested.■ The past performance shown in the chart takes into account all charges

except entry and exit charges.■ The Fund launched on 10 November 2005.■ The base currency of the Fund is pounds sterling.■ The I Inc share class was launched on 01 November 2010.

Practical information

Authorisation This Fund is authorised in the UK and regulated by the Financial Conduct Authority.

Trustee The Fund's Trustee is

Bank of New York Mellon (International) Ltd.

Investment Adviser Liontrust Investment Partners LLP

Further information Copies of the prospectus and the latest annual and half-yearly reports, which are the primary source of additional

information, are available, without charge, from Liontrust Fund Partners LLP, 2 Savoy Court, London, WC2R, 0EZ.

They are also available electronically at www.liontrust.co.uk/Literature/DownloadLiterature.

Taxation UK tax legislation may have an impact upon your own personal tax position.

Fund prices and other information The Fund's last published price is available from Liontrust Fund Partners LLP at www.liontrust.co.uk/

Products/FundPrices or by writing to us at 2 Savoy Court, London, WC2R 0EZ or by telephoning 0344 892 0349 during business hours (9.00am – 5.00pm).

Remuneration Information on the current remuneration policy of the Fund, including a description of how remuneration and

benefits are calculated and the identity of persons responsible for awarding the remuneration and benefits, is

available at www.liontrust.co.uk. A paper copy of this information is available free of charge upon request from

Liontrust Fund Partners LLP at 2 Savoy Court, London, WC2R 0EZ.

41

.2%

35

.2%

9.6

%

23

.6%

21

.2%

1.9

%

13

.9%

15

.8%

16

.8%

-2.1

%-10%

0

10%

20%

30%

40%

50%

Liontrust Special Situations Fund (I) Inc

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

DocID: KIID_IE00BYVJRH94_en_311019_R (GBP) Accumulation Shares

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.

Merian Gold & Silver Fund R (GBP) Accumulation Shares (IE00BYVJRH94)

Objective: total return comprised of capital growth and income by investing predominantly in listed shares (i.e. equities) of companies with exposure to gold and silver metals.

Policy: the Fund will invest at least 70% in company shares and similar investments listed anywhere in the world. Companies may be of all sizes and their operations and activities will be focused on gold and silver mining or holding bullion on a secure basis for shareholders. The Fund will also invest in Exchange Traded Funds and similar investments listed anywhere in the world. These will be used to provide the Fund with exposure to the movement of the price on gold and silver.

The Fund will typically invest in the shares of fewer than 60 companies.

The Fund may use derivatives (i.e. financial contracts whose value is linked to the expected price movements of an underlying investment) with the aim of generating returns and reducing the overall costs and/or risks of the Fund. The Fund may take long or short positions through the use of derivatives, which may result in the Fund being leveraged. Leverage magnifies the exposure of the Fund to greater than the

underlying investments. In such situations, returns may rise or fall more than they would have done otherwise, reflecting such additional exposure. The Benchmark consists 50% of the Gold Price (XAU) and 50% FTSE Gold Mines Index with net dividends re-invested. The benchmark is a point of reference against which the performance of the Fund may be measured. Recommendation: the Fund may not be appropriate for investors who plan to withdraw their money within 5 years.

Treatment of income: as shares in this class are accumulation shares, income from investments will be reinvested into the Fund and reflected in the value of the shares.

Dealing: you can buy and sell shares on business days where retail banks are open for business in Dublin, London, and the New York Stock Exchange is open for business in New York (excluding Saturdays, Sundays and public holidays).

1 2 3 4 5 6 7

The calculated risk and reward category, as shown above, uses a method of calculation derived from EU rules. It is based on the rate at which the returns of the Fund have moved up and down in the past (i.e. volatility) and is not a guide to the future risk and reward category of the Fund. The category shown is not a target or guarantee and may shift over time. Even the lowest category 1 does not mean a risk-free investment. The seven-category scale is nonlinear, for example, 2 is not twice as risky as 1.

Funds in category 7 have in the past shown very high volatility. With a fund of category 7, you have a very high risk of losing money but your chance for gains is also very high.

Investment risk - there is no guarantee that the Fund will achieve its objective. A capital loss of some or all of the amount invested may occur. Sector concentration risk - the Fund's investments are concentrated in natural resource companies, and may be subject to a greater degree of risk and volatility than a fund following a more diversified strategy. Strategy risk - as the Fund invests in other collective investment schemes, which themselves invest in assets such as bonds, company shares, cash and currencies, it will be subject to the collective risks of these other funds. This may include emerging markets risk and smaller companies risk.

Concentration risk (number of investments) - the Fund may at times hold a smaller number of investments, and therefore a fall in the value of a single investment may have a greater impact on the Fund’s value than if it held a larger number of investments. Smaller companies risk - smaller companies are subject to greater risk and reward potential. Investments may be volatile or difficult to buy or sell. Liquidity risk - some investments may become hard to value or sell at a desired time and price. In extreme circumstances this may affect the Fund’s ability to meet redemption requests upon demand. Currency risk - the Fund is denominated in US Dollars but may hold assets denominated in, or with exposure to, other currencies. This share class is denominated in British Pounds. The value of your shares may rise and fall as a result of exchange rate movements between these currencies. Derivative risk - the Fund may use derivatives to generate returns as well as to reduce costs and/or the overall risk of the Fund. Using derivatives can involve a higher level of risk. A small movement in the price of an underlying investment may result in a disproportionately large movement in the price of the derivative investment. Derivatives also involve counterparty risk where the institutions acting as counterparty to derivatives may not meet their contractual obligations. Capital erosion risk - the Fund takes its charges from the income of the Fund in the first instance. The impact of Fund charges may be material on the value of any income you receive from your investment. There is potential for capital erosion if insufficient income is generated by the Fund to cover these charges. Capital erosion may have the effect of reducing the level of income generated. For a more detailed explanation of risks, please refer to the "Risk Factors" section of the prospectus.

These charges are used to pay the costs of running the Fund, including the costs of marketing and distribution. Overall, they reduce the growth of your investment.

One-off charges taken before or after you invest

Entry charge None

Exit charge None

Charges taken from the Fund over a year

Ongoing charge 0.96%

Charges taken from the Fund under specific conditions

Performance fee None

The charges shown are the maximum figures. In some cases you might pay less. You can find out your actual charges from your financial adviser or distributor.

The ongoing charges figure is based on the expenses of the Fund for the 12 month period ending August 2019. This figure may vary from year to year. It excludes portfolio transaction costs, except in the case of an entry/exit charge paid by the Fund when buying or selling shares in another collective investment undertaking.

It is not the intention for a switching charge (2.50%) to apply but the Fund reserves the right to impose a switching charge in the future.

You can find out more details about the charges by looking at the section of the prospectus.

R (GBP) Accumulation Shares Prior to 3/12/2018: Gold price (XAU), 3/12/2018 to present: 50% Gold

Price (XAU) & 50% FTSE Gold Mines Index with net dividends re-invested

Past performance is not a guide to future performance.

The past performance shown does not take into account any entry or exit charges but does take into account the ongoing charge, as shown in the Charges section.

The value of the class is calculated in British Pounds. The Index is in British Pounds.

The Fund launched on 8 March 2016. This class started to issue shares on 8 March 2016.

The Fund’s assets are held with its depositary, Citi Depositary Services Ireland Designated Activity Company. Merian Gold & Silver Fund is a sub-fund of Merian Global Investors Series Plc (the "Company"). The assets of this sub-fund are segregated from other sub-funds in the Company. Further information about the Company, copies of its prospectus, annual and half-yearly reports may be obtained, for the entire Company, free of charge (the prospectus is available in English and other required languages) from the administrator, Citibank Europe plc, at 1 North Wall Quay, Dublin 1 Ireland or visit www.merian.com. Details of the remuneration policy are available at www.merian.com. A paper copy of the remuneration policy will be made available free of charge upon request. The latest share prices are available from the administrator during normal business hours and will be published daily at www.merian.com. You may switch your shares to the shares of another sub-fund of the Company. A fee may apply. For further details, please refer to the Conversion of Shares section in the prospectus. This Fund is subject to tax laws and regulations of Ireland. Depending on your home country of residence, this might have an impact on your personal tax position. For further details, please speak to your financial adviser. The Manager may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate, or inconsistent with the relevant parts of the prospectus for the Company. This Fund is authorised in Ireland and regulated by the Central Bank of Ireland. The Manager is authorised in Ireland and regulated by the Central Bank of Ireland. This Key Investor Information is accurate as at 31 October 2019.

DocID: KIID_GB00B1XG9599_en_070819_R (GBP) Accumulation Shares

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.

Merian UK Smaller Companies Fund R (GBP) Accumulation Shares (GB00B1XG9599)

Objective: to achieve capital growth. In seeking to achieve its investment objective the fund will aim to deliver a return, net of fees, greater than that of the Numis Smaller Companies Index excluding Investment Companies over rolling 3 year periods. Policy: the Fund invests primarily in UK company shares and similar investments. The Fund will typically invest at least 80% in smaller companies, which are defined as those companies quoted on a regulated market and that are no larger than the largest company in the Numis Smaller Companies Index at the time of investment. The Fund may invest up to 10% in unlisted companies. The Fund may use 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.

Portfolio construction is driven by research into a company’s future prospects in the context of the economic environment to identify attractively priced investment opportunities. The Numis Smaller Companies Index excluding Investment Companies is a broad representation of the Fund's investment universe and as such is a point of reference against which the performance of the Fund may be measured. Recommendation: the Fund may not be appropriate for investors who plan to withdraw their money within 5 years. Treatment of income: as shares in this class are accumulation shares, income from investments will be reinvested into the Fund and reflected in the value of the shares. Dealing: you can buy and sell shares on any working day in London.

1 2 3 4 5 6 7

The calculated risk and reward category, as shown above, uses a method of calculation derived from EU rules. It is based on the rate at which the returns of the Fund have moved up and down in the past (i.e. volatility) and is not a guide to the future risk and reward category of the Fund. The category shown is not a target or guarantee and may shift over time. Even the lowest category 1 does not mean a risk-free investment. The seven-category scale is nonlinear, for example, 2 is not twice as risky as 1.

Funds in category 5 have in the past shown moderately high volatility. With a fund of category 5, you have a moderately high risk of losing money but your chance for gains is also moderately high.

Investment risk - there is no guarantee that the Fund will achieve its objective. A capital loss of some or all of the amount invested may occur. Geographic concentration risk - a fall in the UK market may have a significant impact on the value of the Fund because it primarily invests in this market.

Smaller companies risk - smaller companies are subject to greater risk and reward potential. Investments may be volatile or difficult to buy or sell. Liquidity risk - some investments including those in unlisted companies may be hard to value or sell at a desired time and price. In extreme circumstances this may affect the Fund’s ability to meet redemption requests upon demand. Currency risk - the Fund is denominated in British Pounds but may hold assets denominated in, or with exposure to, other currencies. The value of your shares may rise and fall as a result of exchange rate movements between these currencies. Derivative risk - the Fund may use derivatives to reduce costs and/or the overall risk of the Fund (i.e. Efficient Portfolio Management (EPM)). Derivatives involve a level of risk, however, for EPM they should not increase the overall riskiness of the Fund. Derivatives also involve counterparty risk where the institutions acting as counterparty to derivatives may not meet their contractual obligations. Capital erosion risk - the Fund takes its charges from the income of the Fund in the first instance. The impact of Fund charges may be material on the value of any income you receive from your investment. There is potential for capital erosion if insufficient income is generated by the Fund to cover these charges. Capital erosion may have the effect of reducing the level of income generated. For a more detailed explanation of risks, please refer to the "Risks" section of the prospectus.

These charges are used to pay the costs of running the Fund, including the costs of marketing and distribution. Overall, they reduce the growth of your investment.

One-off charges taken before or after you invest

Entry charge None

Exit charge None

Charges taken from the Fund over a year

Ongoing charge 1.03%

Charges taken from the Fund under specific conditions

Performance fee None

The charges shown are the maximum figures. In some cases you might pay less. You can find out your actual charges from your financial adviser or distributor.

The ongoing charges figure is based on the fixed ongoing charge as detailed in the prospectus. It excludes portfolio transaction costs, except in the case of an entry/exit charge paid by the Fund when buying or selling shares in another collective investment undertaking and may vary from year to year.

You can find out more details about the charges by looking at Schedule 1 of the prospectus.

R (GBP) Accumulation Shares Numis Smaller Companies Index excluding Investment Companies

Past performance is not a guide to future performance.

The past performance shown does not take into account any entry or exit charges but does take into account the ongoing charge, as shown in the Charges section.

The value of the class is calculated in British Pounds. The Index is in British Pounds. The Index is in British Pounds.

The Fund launched on 9 February 2001. This class started to issue shares on 1 July 2011.

The Depositary is Citibank Europe plc, UK branch. Merian UK Smaller Companies Fund is a sub-fund of Merian Investment Funds Series I (the "Company"). The assets and liabilities of each sub-fund are segregated from other sub-funds although it is not yet known whether a foreign court would give effect to segregated liability under a foreign law contract and so this is not certain in every circumstance. Further information about the Company, copies of its prospectus, annual and half-yearly reports may be obtained, for the entire Company, free of charge in English from the registrar, FNZ TA Services Ltd, PO Box 1398, Sunderland, SR5 9QN or visit www.merian.com. Details of Merian Investment Management Limited's remuneration policy which includes a description of how remuneration and benefits are calculated, the identities of the persons responsible for awarding remuneration and benefits and details of the remuneration committee, are available at www.merian.com. A paper copy will be made available free of charge upon request to Merian Investment Management Limited. The latest share prices are available from the registrar during normal business hours and will be published daily at www.merian.com. You may switch your shares to the shares of another sub-fund of the Company free of charge. For further details see the "Switching" section of the prospectus. This Fund is subject to tax laws and regulations of the United Kingdom. Depending on your home country of residence, this might have an impact on your personal tax position. For further details, please speak to your financial adviser. Merian Investment Management Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the Company. This Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority. Merian Investment Management Limited is authorised in the United Kingdom and regulated by the Financial Conduct Authority. This key investor information is accurate as at 7 August 2019.

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DUNN WMA Institutional UCITS Fund a Sub-Fund of MontLake UCITS Platform ICAV, managed by MontLake Management Limited

GBP Institutional Class B Pooled Shares (IE00B6R2TC51)

Objectives and Investment Policy

The Sub-Fund's investment policy works best over a medium to long term time frame.

Your shares do not pay you income, but instead the Sub-Fund reinvests it to grow your capital. As your shares are in Sterling and the fund is valued in US Dollars, forward currency exchange contracts are used to reduce the effects of changes in the currency exchange rates.

Recommendation: the Sub-Fund may not be appropriate for investors who plan to withdraw their money within 5 years.

The Sub-Fund's objective is to generate returns for investors over a five year period.

The Sub-Fund will seek to achieve its objective by taking exposure to a systematic program called the DUNN WMA Institutional Program (the "Strategy").

The Strategy which is 100% methodical provides exposure to the agricultural, energy, metal, equity (through equity indices and the CBOE Volatility Index), fixed income, currency, interest rate sectors (the "Sectors"). The Strategy seeks to identify and exploit price trends in the Sectors over a range of time periods.

The Sub-Fund mainly uses futures and structured notes to gain exposure to the Sectors.

Costs incurred in the use of financial derivative instruments may have a negative effect on the Sub-Fund's performance. These costs are in addition to those listed in "Charges" below.

You can sell your shares any day that banks are open in Ireland, France, United Kingdom and United States. You must submit your application to the Sub-Funds Administrator before 1.00 p.m. on the previous business day.

Risk and Reward Profile

Investment Strategy Risk

The Sub-Fund's success is dependent on the performance of the Strategy. The strategy is expected to have high volatility. The different markets traded or individual positions held by the Sub-Fund may be highly correlated to one another at times and may expose the Sub-Fund to significant losses.

Trading decisions are based on mathematical analysis of technical factors related to past performance and market activity such as price fluctuations or trading volume variations. The profitability of such a strategy depends on the occurrence in the future of significant, sustained price moves. Derivatives and Leverage Risk

The Sub-Fund may use derivatives to create leverage for taking short positions or for other investment and hedging purposes. Whilst this is intended to help the Sub-Fund to manage risk or to take investment positions more efficiently or effectively than could be done otherwise, leverage and shorting can involve the risk of higher volatility, especially if some of the expected offsetting positions between long and short investments do not work as expected, and the Sub-Fund may be exposed to additional risks and costs as a result.

The Sub-Fund places significant reliance on its relationships with third parties and the loss of these services may adversely affect the Sub-Fund.

Lower risk Higher risk

Typically lower rewards Typically higher rewards

1 2 3 4 5 6 7

The risk category for this Sub-Fund is set at 7. It is calculated in line with EU regulations and is based on the risk limit for the Sub-Fund.

A category 1 Sub-Fund is not a risk-free investment - the risk of losing your money is small, but the chance of making gains is also limited. With a category 7 Sub-Fund, the risk of losing your money is high but there is also a chance of making higher gains. The seven-category scale is complex. For example, a category 2 Sub-Fund is not twice as risky as a category 1 Sub-Fund. The risk category shown is not guaranteed and may change over time.

When categorising the Sub-Fund it may happen that not all material risks were fully captured in the methodology. For a more detailed explanation of risks, please refer to the "Special Considerations and Risk Factors" section of the prospectus.

Counterparty Risk

The investment objective of the Sub-Fund depends on the counterparty to the structured notes honouring its commitments. A counterparty may fail in paying proceeds of a contract to the Sub-Fund which will impact your investment. Currency Risk

Changes in exchange rates between currencies and the conversion from one currency to another may cause the value of investments in the Sub-Fund to diminish or increase.

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There is insufficient data to

produce a useful indication of past performance

for the Share Class.

9.2%

-8.2% -10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

2014 2015 2016 2017 2018

GBP Institutional Class B Pooled Shares

Charges The charges you pay are used to pay the costs of running the Sub-Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. Any entry charge shown is a maximum figure. Where

charges are shown in some cases you might pay less; you can find this out from your financial advisor or distributor. The ongoing charges figure is based on expenses for the twelve months ending December 2018. This figure may vary from year to year. It excludes portfolio transaction costs and performance fees. In the last financial year ending 31 December 2018, the performance fee amounted to 0.00%. You can find out more details about the charges and how they are calculated by looking at the Sub-Fund's prospectus and supplement which are available at www.montlakeucits.com.

One-off charges taken before or after you invest

Entry charge Up to 5.00%

Exit charge None

This is the maximum that might be taken out of your money before it is invested and before the proceeds of your investment are paid out

Charges taken from the Sub-Fund over a year

Ongoing charge 0.51%

Charges taken from the fund under certain specific conditions

Performance fee 20.00% of the increase in the NAV per share over the previous highest NAV per share on which performance fee was paid.

Past Performance

Practical Information

The Sub-Fund’s assets are held with its depositary, Northern Trust Fiduciary Services (Ireland) Limited.

DUNN WMA Institutional UCITS Fund is a Sub-Fund of MontLake UCITS Platform ICAV. The assets of this Sub-Fund are

segregated from other Sub-Funds on MontLake UCITS Platform ICAV. This means that the holdings of the Sub-Fund are

held separately under Irish law from the holdings of the other Sub-Funds of MontLake UCITS Platform ICAV.

You may switch your shares to the shares of another Sub-Fund of MontLake UCITS Platform ICAV free of charge.

This Sub-Fund is subject to tax laws and regulations of Ireland. Depending on your home country of residence, this might

have an impact on your investment. For further details, please speak to your adviser.

MontLake UCITS Platform ICAV 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 MontLake UCITS Platform ICAV.

The Manager and this Sub-Fund is authorised in Ireland and regulated by the Central Bank of Ireland. This Key Investor Information is accurate as at 15 February 2019.

The past performance takes account of all charges and costs. The value of the Share Class is calculated in Sterling. Past performance is not a reliable indicator of future results. The Sub-Fund came into existence in 2011. This share class launched on 19 January 2016.

Further information about MontLake UCITS Platform ICAV, copies of its prospectus, annual and half-yearly reports may be

obtained free of charge in English. Write to the Sub-Fund's Administrator, Northern Trust International Fund Administration

Services (Ireland) Limited, at Georges Court, 54-62 Townsend Street, Dublin 2, Ireland or visit www.montlakeucits.com.

Details of the Manager's remuneration policy, including but not limited to, a description of how the remuneration and

benefits are calculated, the identity of persons responsible for awarding the remuneration and benefits, including the

composition of the remuneration committee if applicable, are available on the website www.montlakeucits.com and a paper

copy will be available free of charge on request.

Other practical information including the latest share prices are available at the registered office of the Manager and the

Administrator during normal business hours and will be published daily on the website www.montlakeucits.com.

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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.

H2O Multireturns Fund (I/AG(GBP) ISIN: GB00BFNXSF12),

a sub-fund of Natixis Investment Funds U.K. ICVC Authorised Corporate Director: Natixis Investment Managers S.A., part of the Natixis group of companies

Lower Risk Higher Risk

Typically Lower Rewards Typically Higher Rewards

This ranking on the synthetic risk and reward indicator scale is due to the Fund’s allocation to fixed income, equity and currency markets. Historical data may not be a reliable indication for the future. The risk category shown is not guaranteed and may shift over time. There is no capital guarantee or protection on the value of the Fund. The lowest category does not mean “risk free”.

The risks of the Fund are managed through the use of the “absolute Value-at-Risk” method due to its extensive use of derivatives.

The following risks are materially relevant to the Fund but are not adequately captured by the synthetic indicator:

Derivatives and Counterparty risks: Funds may enter into listed and unlisted derivative contracts to indirectly invest on an underlying asset or to secure their assets. The payment on these contracts varies with

of its assets in taking short equity positions. The Fund may invest up to 10% of its net assets in other funds. The Fund may invest in issuers from any country and may be exposed to any currency including currencies of non-OECD countries (i.e. countries that are not members of the Organisation for Economic Co-operation and Development). Under normal market conditions, it is expected that the actual annualised volatility of the Fund (i.e. the measure of how much the value of the Fund has gone up or down over a given time period) will typically be between 5-10% over a three year investment horizon. However, the Fund’s actual annualised volatility may be outside of this expected range over rolling investment horizons as a consequence of volatile market conditions or due to inherent volatility of certain investments held by the Fund. The base currency of the Fund is the British Pound. Shares in the Fund may be purchased, sold or exchanged on any business day in the U.K. Income derived from the Fund is distributed for Distribution Shares and reinvested for Accumulation Shares. Please refer to the section entitled “Distribution and Accumulation Shares” of the Prospectus for additional information. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within the investment horizon of 3 years.

Objectives and Investment Policy

Investment objective: The investment objective of H2O MultiReturns Fund (the “Fund”) is to seek to outperform 1-month GBP LIBOR rate by 4% p.a. over a recommended investment horizon of 3 years, less the ongoing charges ratio. The 1-month GBP LIBOR is the average rate of interbank loans in Pounds Sterling over a one month period. There can be no guarantee that the investment objective of the Fund will be achieved over a 3 year period or any other period and your investment is at risk. Investment policy: The Fund seeks diversification of its assets among global fixed income securities (e.g. bonds), money market instruments e.g. debt securities with short-term maturities), equity securities (e.g. shares) and currency markets. The Fund is actively managed and may use derivatives (e.g. financial contracts that derive their values from the price of underlying assets) to gain exposure to the permitted assets. The Fund may invest up to 100% of its assets in fixed income securities and money market instruments which may be issued or guaranteed by governments and companies and which may be below investment grade. Investment grade fixed income securities are securities rated at least BBB- (Standard & Poor’s Ratings Services), Baa3 (Moody’s Investors services, Inc.), an equivalent rating by Fitch ratings or if unrated, determined by H2O Asset Management L.L.P., the Investment Manager to be of equivalent quality. The Funds investment in fixed income securities may include zero coupons bonds (i.e. bonds which make no periodic interest payments but are traded at a discount to the face value), certificates of deposit (i.e. a certificate with a fixed maturity date and interest rate that is issued by a bank in exchange for the deposit of cash) and commercial paper (i.e. a short term unsecured debt instrument issued .by a company in exchange for a loan of cash). The Fund may invest no more than 20% of its assets in investment grade collateralized bonds (e.g. an investment grade security backed by a pool of bonds, loans or other assets) including asset-backed securities and mortgagebacked securities (e.g. debt securities whose value and income payments are derived from and secured by a specified pool of assets or mortgage loans, respectively). The Investment Manager may use derivatives to hedge the credit risk arising from the Fund’s investments and to adjust the interest rate sensitivity (i.e. the extent to which a fixed income security will fluctuate in price as a result of changes in interest rates) of the Fund’s portfolio. The Fund may invest up to 30% of its assets in global equity securities. The Investment Manager may take short equity positions (i.e. sale of a borrowed security with the expectation that the security will fall in value) through the use of derivatives. The Fund may invest up to 30%

changes of the value of the underlying assets.These instruments are traded on a borrowing mechanism (leverage). For the fund, the result is a higher market exposure than they could basically have. It may, in some cases, multiply losses. An unlisted contract is directly signed with a specific counterparty which means that in the event of insolvency of the counterparty, the Funds could suffer a loss. Due to their unlisted specificity, these contracts are difficult to price.

Credit risk: Funds investing in debt securities issued by a corporate, bank or sovereign organization are exposed to the possibility that this issuer will not be able to reimburse debt holders (principal and interest payment). In addition, if after acquisition the perceived risk of failure increases, the value of such securities is likely to decrease.

Changing interest rates: The value of fixed income securities held by a fund will rise or fall inversely with changes in interest rates. When interest rates decline, the market value of fixed income securities tends to increase. Interest rates typically vary from one country to the next for reasons including rapid fluctuations of a country’s money supply, changes in demand by businesses and consumers to borrow money, and actual or anticipated changes in the rate of inflation.

Please refer to the section entitled “Risk Factors” of the Prospectus for additional details on risks.

Risk and Reward Profile

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Charges by Share Class- Share Class I

One-Off charges taken before or after you invest

Entry Charge 1.00%

Exit Charge None

This is the maximum that might be taken out of your money before it is invested or before proceeds of your investments are paid out.

Charges taken from the Fund over a year

Ongoing Charges:

Total Expense Ratio (TER)

0.80% p.a.

Charges taken from the Fund under certain specific conditions

Performance Fee: None

There are insufficient data to provide a useful indication of past

performance to investors of this share class.

Charges for this Fund

Past performance is not a reliable indicator of future

performance.

This bar chart shows the performance of the

I/AG(GBP) Share Class in its currency of

quotation, net of ongoing charges and excluding

entry or exit charges, and the performance of the

1 Month GBP LIBOR.

The Fund was launched on 16 October 2013 and the

share class was launched on 16 October 2013.

Past Performance

Depositary: State Street Trustees Limited 20 Churchill Place Canary Wharf, London, E14 5HJ

Authorised Corporate Director: Natixis Investment Managers S.A. 2, rue Jean Monnet L-2180 Luxembourg, Grand Duchy of Luxembourg

Cut-off Deadline: 12.00 noon GMT

Additional information about the Company and the Fund (including the full prospectus, reports and accounts for the Company), procedure for the exchange of Shares from one sub-fund to another sub-fund, may be obtained free of charge at the registered office of the Authorised Corporate Director or the Depositary. Prices per Share of the Fund may be obtained at the registered office of the Authorised Corporate Director or in the Financial Times.

The assets and liabilities of each sub-fund are segregated, therefore the rights of investors and creditors concerning a sub-fund are limited to the assets of that sub-fund, unless otherwise provided in the constitutional documents of the Company.

This Fund might be subject to specific tax treatment in the U.K. Depending on your own country of residence, this might have an impact on your investment. For further details, please contact an adviser.

Details of the Management Company’s up-to-date remuneration policy, which describes how remuneration and benefits are calculated and awarded, can be accessed from the following website: http://im.natixis.com/intl-regulatory-documents. A paper copy of the remuneration policy is also available free of charge upon request to the Management Company.

Additional Information

Share Class ISIN Types of investors Currency Minimum Initial Investment

Minimum Holding

Dividend Policy TER

I/AG(GBP) I/DG(GBP)

GB00BFNXSF12 GB00BFNXSG29

Institutional investors Institutional investors

Sterling Sterling

£5,000,000 £5,000,000

£5,000,000 £5,000,000

Accumulation Distribution

0.80%p.a 0.80%p.a

Natixis Investment Managers S.A. may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the Fund.

The Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority. Natixis Investment Managers S.A. is authorized in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier. This key investor information is accurate as at 13 February 2019.

12

.3%

20

.8%

0.3

%

7.3

% 10

.6%

0.5

%

0.5

%

0.4

%

0.3

%

0.6

%

0%

5%

10%

15%

20%

25%

2014 2015 2016 2017 2018

I/AG(GBP) 1 Month GBP LIBOR

Practical Information

The entry and exit charges shown are maximum figures. In some cases you might pay less – you can find this out from your financial adviser. The ongoing charges figure shown here is based on expenses for the year ending December 2018. It excludes the portfolio transaction costs, except in the case of an entry/exit charge paid by the Fund when buying or selling units in an underlying Fund. The Fund’s annual report for each financial year will include detail on the exact charges made. For more information about charges, please refer to sections “Fees and Expenses” and “Buying and Selling of Shares” of the Fund’s prospectus, which is available at the registered office of the Authorised Corporate Director or at im.natixis.com/uk.

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.

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

Objectives and investment policyObjective The Fund’s investment objective is to achieve a totalreturn over the medium term (3-5 years) by investing at least 80%in short-duration (1-10 years) index-linked bonds. The Fund’sperformance target is to outperform a composite benchmark of the30% Bloomberg Barclays UK Government Inflation Linked Bond1-10 year Index, 70% Bloomberg Barclays World GovernmentInflation Linked Bond (ex UK) 1-10 year Index (GBP hedged) (the“Index”) over a rolling 5-year period. For further information on theFund's index, please refer to the Prospectus.Policy The Fund invests in UK and global government bonds,where the payment of interest is linked to the rate of inflation, andwill overall have a short duration. The Fund may also invest inbonds issued by companies. The Fund may use derivatives, but forefficient portfolio management purposes only.Recommendation The Fund may not be appropriate forinvestors who plan to withdraw their money within 5 years.Other information The Fund may invest more than 35% of itsvalue in securities issued or guaranteed by one or more of theGovernments of the countries listed in the Fund’s Prospectus.

Concepts to understandBonds Defined as fixed-income investments issued as debt bycompanies and public bodies to raise finance.Derivative A financial instrument whose price is dependent uponor derived from one or more underlying asset.Efficient Portfolio Management An investment technique thatallows the use of derivatives for at least one of the followingpurposes: to increase the value of the Fund; to protect the value ofthe Fund or to reduce the risks of certain investments.Duration Measures the sensitivity of the price of a bond to achange in interest rates. Duration is measured in years. A lowerduration means there will be a smaller impact on the price of a bondfor a given change in interest rates with a higher duration resultingin a larger movement in the price of a bond. The change in the priceof a bond has an inverse relationship with the change in interestrates.Total Return A combination of capital growth and income. Capitalgrowth is defined as the rise in an investment’s value over time andincome as the payment an investment generatesHedging Reduces risk by protecting an investment with anotherrelated investment.You can buy and sell your shares on each working day, except publicholidays, at 12:00 noon if you tell us before 12:00 noon that youwant to do so. Instructions received after 12:00 noon will beprocessed at 12:00 noon on the following working day.Other share classes may be available as described in the Prospectus.If this is an income share class, any income will be paid out to you.If this is an accumulation share class, any income will be reinvestedin the Fund.

Risk and reward profile

1 2 3 4 5 6 7

Lower risk Higher risk

Typically lower rewards Typically higher rewards

The Fund is ranked in risk category 3 because its simulated unitprice has shown a low to medium level of volatility historically. TheSRRI was calculated using some synthetic data and may not be areliable indication of the future risk profile. As an investment,bonds are typically more volatile than money market instrumentsbut less volatile than shares. Bonds issued by corporations aretypically more volatile than bonds issued by governments.The risk and reward indicator is not a measure of the expected riseor fall in capital but shows how sharply the Fund’s share price hasgone up and down historically.A fund whose share price has experienced sharp or large increasesor decreases will sit in a higher risk category, whereas a fund whoseshare price has experienced small or gradual increases or decreaseswill sit in a lower risk category.The indicator is calculated using a standard methodology that isused by all companies offering such funds in Europe.The risk/reward indicator is an estimate and not a guarantee. Goingforward, the Fund’s actual volatility could be higher or lower, and itsrated risk/reward profile could change. The lowest risk categorydoes not mean the investment is risk free.The risk indicator does not adequately capture the following risks,which are materially relevant to the Fund:Credit Risk Issuers of certain fixed income securities couldbecome unable to make income or capital payments on their debt.As such the value of a security will fall in the event of a ratingdowngrade or default of the issuer. In general fixed incomesecurities that pay a higher level of income usually have a lowercredit rating because of the increased risk of default.Interest Rate Risk Fixed interest securities are particularlyaffected by trends in interest rates and inflation. If interest rates goup, the value of capital may fall, and vice versa. Inflation will alsodecrease the real value of capital.Liquidity Risk In difficult market conditions the value of certainfund investments may be less predictable than normal. In somecases this may make such investments harder to sell at the lastquoted market price, or at a price considered to be fair. Suchconditions could result in unpredictable changes in the value of yourholding.For more about fund risks, see the “Risk Factors” section in theProspectus (www.rlam.co.uk/Home/Individual-Investor/Fund-Performance--Prices/)

Key Investor Information

Royal London Short Duration Global Index LinkedFund (Income - Class M Shares)A sub-fund of Royal London Bond Funds ICVC ISIN: GB00BD050F05Managed by Royal London Unit Trust Managers Limited

1 of 2

ChargesThe charges you pay are used to pay the costs of running the Fund,including the costs of marketing and distributing the Fund. Thesecharges reduce the potential growth of the investment.

One-off charges taken before or after you invest:

Entry charge 0.00%

Exit charge 0.00%

Charges taken from the fund over a year:

Ongoing charge 0.27%

Charges taken from the fund under specific conditions:

Performance fee noneThe entry and exit charge is the maximum that might be taken outof your money before it is invested or before the proceeds of yourinvestment are paid out.Ongoing charge is based on the Fund Management Fee (FMF),which is the periodic fee paid to the ACD to cover the expenses ofthe Fund. This figure does not include portfolio transaction costs.Ongoing charges are the same for all investors in the share class.For more about charges, see the expenses section in the fullProspectus and supplement (www.rlam.co.uk/Home/Individual-Investor/Fund-Performance--Prices/)

Past performanceThe graph shows fund performance over the past 5 years whereavailable. Past performance is no guarantee of future performance.The figure for a given year shows how much the Fund increased ordecreased in value during that year. These results reflect ongoingcharges taken from the Fund, but do not reflect any entry chargesyou might have to pay.The Fund and share class were launched on 23 February 2016.

The Royal London Short Duration Global Index Linked Fund(Income - Class M Shares) in GBP

-1.0%

-0.5%

0.0%

0.5%

1.0%

1.5%

2014 2015 2016 2017 2018

1.1

-0.6

1.3

-0.3

Fund BenchmarkSource: RLAM and Datastream as at 31 December 2018

Past performance is not a guide to future performance and may notbe repeated. The value of investments may go down as well as upand you may not get back the amount you originally invested.The chart shows performance in British pounds after the ongoingcharges and the portfolio transaction costs have been paid. Entryand exit charges are excluded from calculations of pastperformance.

Practical information

Depository HSBC Bank plc

Additional Information: This Key Investor InformationDocument (KIID) may not contain all the information youneed. For additional information on this fund (including theSupplementary Information Document), on other shareclasses of this fund and on other funds, or to obtain a freecopy of the Fund’s Prospectus or the annual and semi-annual shareholder reports, call the information line orwrite to the registered office, details of which are below.Alternatively, visit www.rlam.co.uk. The Prospectus andshareholder reports are in English.

This document describes one share class of the Fund. TheProspectus and annual and semi-annual shareholder reportsare prepared for the entire fund across all share classes.

For fund performance and most recent share price, visitwww.rlam.co.uk.

Should you wish to switch share classes or funds, please seethe “Switching” section of the Prospectus for details.

Tax: Investors should note that the tax legislation thatapplies to the Fund may have an impact on the personal taxposition of their investment in the Fund. Contact youradviser to discuss tax treatment, suitability of thisinvestment, and other questions.

Notices: Royal London Unit Trust Managers may be heldliable solely on the basis of any statement contained in thisdocument that is misleading, inaccurate or inconsistent withthe relevant parts of the Prospectus for the UCITS.

The Fund is a sub-fund of Royal London Bond Funds ICVC(a UCITS umbrella company). The prospectus and longreports (shareholder reports) are prepared for the entirecompany. The assets and liabilities of each sub-fund aresegregated by law. Therefore, the assets of the Fund belongexclusively to it and are not available to meet the liabilities ofany other fund of Royal London Bond Funds ICVC.

This Fund is authorised in the United Kingdom andregulated by the Financial Conduct Authority (FCA).

Details of the Company's remuneration policy are availableat www.rlam.co.uk including: (a) a description of howremuneration and benefits are calculated; and (b) theidentities of persons responsible for awarding remunerationand benefits. A paper copy of these details may be obtained,free of charge, on request from the Company, at the addressbelow.

Address: Royal London Asset Management55 Gracechurch Street, London EC3V 0RL

Telephone: 03456 04 04 04

Website: www.rlam.co.uk

A member of the Investment Association

Publication Date: This Key Investor Information isaccurate as at 2 September 2019.

Key Investor Information2 of 2

Royal London Short Duration Global Index LinkedFund (Income - Class M Shares)

Key Investor InformationThis document provides you with key investor information about this fund. It is not marketing material. The information is required by law tohelp 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 aboutwhether to invest.

Schroder Global Recovery Funda sub-fund of Schroder Investment Fund CompanyClass Z Accumulation GBP (GB00BYRJXL91)This fund is managed by Schroder Unit Trusts Limited, which is a member of the Schroders Group.

Objectives and Investment PolicyObjectivesThe fund aims to provide capital growth by investing in theequities of companies worldwide which are considered to beundervalued relative to their long term earnings potential.

Investment PolicyThe fund is actively managed and invests at least 80% of itsassets in equities of companies worldwide that have suffereda set back in either share price or profitability, but where longterm prospects are believed to be good.The fund applies a disciplined value investment approach,seeking to invest in a select portfolio of companies that theInvestment Manager believes are significantly undervaluedrelative to their long-term earnings potential.The fund may also invest directly or indirectly in othersecurities (including in other asset classes), countries,regions, industries or currencies, collective investment

schemes (including Schroder funds), warrants and moneymarket instruments, and hold cash.The fund may use derivative instruments for investmentpurposes as well as for efficient portfolio management.

BenchmarkThe fund does not have a target benchmark. The fund'sperformance should be compared against the MSCI World(Net Total Return) index and the Investment AssociationGlobal Equity Income sector average return.

Dealing FrequencyYou may redeem your investment upon demand. This funddeals daily.

Distribution PolicyThis share class accumulates income received from thefund's investments, meaning it is kept in the fund and itsvalue is reflected in the price of the share class.

Risk and Reward ProfileLower riskPotentially lower reward

Higher riskPotentially higher reward

1 2 3 4 5 6 7

The risk and reward indicatorThe risk category was calculated using simulated perfor-mance data and may not be a reliable indicator of the fund'sfuture risk profile.The fund's risk category is not guaranteed to remain fixedand may change over time.A fund in the lowest category does not mean a risk-freeinvestment.The fund is in this category because it can take higher risks insearch of higher rewards and its price may rise and fallaccordingly.

Risk factorsThe following risks may affect fund performance.China country risk: Changes in China's political, legal,economic or tax policies could cause losses or higher costsfor the fund.Concentration risk: The fund may be concentrated in alimited number of geographical regions, industry sectors,markets and/or individual positions. This may result in largechanges in the value of the fund, both up or down, which mayadversely impact the performance of the fund.Counterparty risk: The counterparty to a derivative or othercontractual agreement or synthetic financial product could

become unable to honour its commitments to the fund,potentially creating a partial or total loss for the fund.Currency risk: The fund can be exposed to different curren-cies. Changes in foreign exchange rates could create losses.Derivatives risk: A derivative may not perform as expected,and may create losses greater than the cost of the derivative.Emerging markets & frontier risk: Emerging markets, andespecially frontier markets, generally carry greater political,legal, counterparty and operational risk.Equity risk: Equity prices fluctuate daily, based on manyfactors including general, economic, industry or companynews.Leverage risk: The fund uses derivatives for leverage, whichmakes it more sensitive to certain market or interest ratemovements and may cause above-average volatility and riskof loss.Liquidity risk: In difficult market conditions, the fund may notbe able to sell a security for full value or at all. This couldaffect performance and could cause the fund to defer orsuspend redemptions of its shares.Operational risk: Failures at service providers could lead todisruptions of fund operations or losses.Performance risk: Investment objectives express an intendedresult but there is no guarantee that such a result will beachieved. Depending on market conditions and the macroeconomic environment, investment objectives may becomemore difficult to achieve.

Schroder Investment Fund Company Schroder Global Recovery Fund 1

Shanghai-Hong Kong Stock Connect and Shenzhen-HongKong Stock Connect risk: The fund may be investing in China"A" shares via the Shanghai-Hong Kong Stock Connect and

Shenzhen-Hong Kong Stock Connect which may involveclearing and settlement, regulatory, operational and counter-party risks.

ChargesOne-off charges taken before or after you investEntry charge NoneExit charge NoneThis is the maximum that might be taken out of your money beforeit is invested.

Charges taken from the fund over a yearOngoing Charge 0.96%Charges taken from the fund under certain specific conditionsPerformance fee: None

The charges you pay are used to pay the costs of running thefund, including the costs of marketing and distributing it.These charges reduce the potential growth of your invest-ment.The entry and exit charges shown are maximum figures andin some cases you might pay less. You can find out the actualentry and exit charges from your financial advisor.The ongoing charges figure is based on the last year'sexpenses for the year ending August 2018 and may varyfrom year to year.Please see the prospectus for more details about thecharges.

Past Performance

%

Q Z Accumulation GBP (GB00BYRJXL91)Q MSCI World - Net ReturnQ InvAssoc Global Equity Income

40

30

20

10

0

-10

2014 2015 2016 2017 2018

37.1

10.9

-8.1

28.2

11.8

-3.0

24.2

10.2

-5.7

Past performance is not a guide to future performance andmay not be repeated. The value of investments may go downas well as up and you may not get back the amount youoriginally invested.The chart shows performance in British pound after theongoing charges and the portfolio transaction costs havebeen paid.The fund was launched on 30 October 2015.

Practical InformationDepository: J. P. Morgan Europe Ltd.Further Information: You can get further information aboutthis fund, including the prospectus, latest annual report, anysubsequent half-yearly reports and the latest price of unitsfrom www.schroders.com/ukinvestor and from Schroders,PO Box 1102, Chelmsford, Essex, CM99 2XX, England, tele-phone +44 (0)800 718 777. They are in English, free of charge.Tax Legislation: The fund is subject to UK tax legislationwhich may have an impact on your personal tax position.Liability: Schroder Unit Trusts Ltd may be held liable solelyon the basis of any statement contained in this documentthat is misleading, inaccurate or inconsistent with the rele-vant parts of the fund's prospectus.Umbrella Fund: This fund is a sub-fund of an umbrella fund,the name of which is at the top of this document. Theprospectus and periodic reports are prepared for the entireumbrella fund. To protect investors, the assets and liabilities

of each sub-fund are segregated by law from those of othersub-funds.Switches: Subject to conditions, you may apply to switchyour investment into another share class within this fund orin another Schroder fund. Please see the prospectus formore details.Remuneration Policy: A summary of Schroders' remunera-tion policy and related disclosures is atwww.schroders.com/remuneration-disclosures. A papercopy is available free of charge upon request.Glossary: You can find an explanation of some of the termsused in this document atwww.schroders.com/ukinvestor/glossary.Benchmark: The comparator benchmarks have beenselected because the investment manager and the managerbelieve that each of these benchmarks is a suitable compar-ison for performance purposes given the fund's investmentobjective and policy.

This fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority (FCA). This key investor information is accurate as at11 October 2019.

Schroder Investment Fund Company Schroder Global Recovery Fund 2

Key Investor InformationThis document provides you with key investor information about this fund. It is not marketing material. The information is required by law tohelp 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 aboutwhether to invest.

Schroder Recovery Fundan Authorised Unit Trust of Schroder Unit Trusts LimitedClass Z Accumulation GBP (GB00B3VVG600)This fund is managed by Schroder Unit Trusts Limited, which is a member of the Schroders Group.

Objectives and Investment PolicyObjectivesThe fund aims to provide capital growth by investing inequities of UK companies that have suffered a severesetback in either share price or profitability.

Investment PolicyThe fund is actively managed and invests at least 80% of itsassets in equities of UK companies. These are companies thatare incorporated, headquartered or have their principalbusiness activities in the UK.The fund applies a disciplined value investment approach,seeking to invest in a select portfolio of companies that theinvestment manager believes are significantly undervaluedrelative to their long-term earnings potential.The fund may also invest directly or indirectly in othersecurities (including in other asset classes), countries,regions, industries or currencies, collective investmentschemes (including Schroder funds), warrants and moneymarket instruments, and hold cash.

The fund may use derivatives with the aim of achievinginvestment gains, reducing risk or managing the fund moreefficiently.

BenchmarkThe fund does not have a target benchmark. The fund'sperformance should be compared against the FTSE All Share(Gross Total Return) index and the Investment AssociationUK All Companies sector average return.

Dealing FrequencyYou may redeem your investment upon demand. This funddeals daily.

Distribution PolicyThis unit class accumulates income received from the fund'sinvestments, meaning it is kept in the fund and its value isreflected in the price of the unit class.

Risk and Reward ProfileLower riskPotentially lower reward

Higher riskPotentially higher reward

1 2 3 4 5 6 7

The risk and reward indicatorThe risk category was calculated using historical perfor-mance data and may not be a reliable indicator of the fund'sfuture risk profile.The fund's risk category is not guaranteed to remain fixedand may change over time.A fund in the lowest category does not mean a risk-freeinvestment.The fund is in this category because it can take higher risks insearch of higher rewards and its price may rise and fallaccordingly.

Risk factorsThe following risks may affect fund performance.Concentration risk: The fund may be concentrated in alimited number of geographical regions, industry sectors,markets and/or individual positions. This may result in largechanges in the value of the fund, both up or down, which mayadversely impact the performance of the fund.Counterparty risk: The counterparty to a derivative or othercontractual agreement or synthetic financial product could

become unable to honour its commitments to the fund,potentially creating a partial or total loss for the fund.Currency risk: The fund can be exposed to different curren-cies. Changes in foreign exchange rates could create losses.Derivatives risk: A derivative may not perform as expected,and may create losses greater than the cost of the derivative.Equity risk: Equity prices fluctuate daily, based on manyfactors including general, economic, industry or companynews.Leverage risk: The fund uses derivatives for leverage, whichmakes it more sensitive to certain market or interest ratemovements and may cause above-average volatility and riskof loss.Liquidity risk: In difficult market conditions, the fund may notbe able to sell a security for full value or at all. This couldaffect performance and could cause the fund to defer orsuspend redemptions of its shares.Operational risk: Failures at service providers could lead todisruptions of fund operations or losses.Performance risk: Investment objectives express an intendedresult but there is no guarantee that such a result will beachieved. Depending on market conditions and the macroeconomic environment, investment objectives may becomemore difficult to achieve.

Schroder Unit Trusts Limited Schroder Recovery Fund 1

ChargesOne-off charges taken before or after you investEntry charge NoneExit charge NoneThis is the maximum that might be taken out of your money beforeit is invested.

Charges taken from the fund over a yearOngoing Charge 0.91%Charges taken from the fund under certain specific conditionsPerformance fee: None

The charges you pay are used to pay the costs of running thefund, including the costs of marketing and distributing it.These charges reduce the potential growth of your invest-ment.The entry and exit charges shown are maximum figures andin some cases you might pay less. You can find out the actualentry and exit charges from your financial advisor.The ongoing charges figure is based on the last year'sexpenses for the year ending September 2018 and may varyfrom year to year.Please see the prospectus for more details about thecharges.

Past Performance

%Q Z Accumulation GBP (GB00B3VVG600)Q FTSE All Share Total Return Q InvAssoc UK All Companies

5040302010

0-10-20

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

49.2

16.0

-14.

3

34.8

46.2

2.2

-12.

7

31.1

8.1

-3.7

30.1

14.5

-3.5

12.3 20

.8

1.2

1.0

16.8

13.1

-9.5

30.5

17.5

-6.9

15.2

26.2

0.7 4.

8 11.0 14

.1

-11.

2

1

1 Performance shown during this period predates the launch of this unit class and has been simulated using the history of a similar unitclass within the fund.

Past performance is not a guide to future performance andmay not be repeated. The value of investments may go downas well as up and you may not get back the amount youoriginally invested.

The chart shows performance in British pound after theongoing charges and the portfolio transaction costs havebeen paid.The fund was launched on 5 May 1970.

Practical InformationTrustee: J. P. Morgan Europe Ltd.Further Information: You can get further information aboutthis fund, including the prospectus, latest annual report, anysubsequent half-yearly reports and the latest price of unitsfrom www.schroders.com/ukinvestor and from Schroders,PO Box 1102, Chelmsford, Essex, CM99 2XX, England, tele-phone 0800 718 777. They are in English, free of charge.Tax Legislation: The fund is subject to UK tax legislationwhich may have an impact on your personal tax position.Liability: Schroder Unit Trusts Ltd may be held liable solelyon the basis of any statement contained in this documentthat is misleading, inaccurate or inconsistent with the rele-vant parts of the fund's prospectus.Switches: Subject to conditions, you may apply to switchyour investment into another unit class within this fund or in

another Schroder fund. Please see the prospectus for moredetails.Remuneration Policy: A summary of Schroders' remunera-tion policy and related disclosures is atwww.schroders.com/remuneration-disclosures. A papercopy is available free of charge upon request.Glossary: You can find an explanation of some of the termsused in this document atwww.schroders.com/ukinvestor/glossary.Benchmark: The comparator benchmarks have beenselected because the investment manager and the managerbelieve that each of these benchmarks is a suitable compar-ison for performance purposes given the fund's investmentobjective and policy.

This fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority (FCA). This key investor information is accurate as at11 October 2019.

Schroder Unit Trusts Limited Schroder Recovery Fund 2

Key Investor InformationThis document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help youunderstand 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 toinvest.

Japanese Equity Funda sub-fund of T. Rowe Price Funds OEICClass C Acc (ISIN: GB00BD446L18)Authorised Corporate Director: T. Rowe Price UK Limited

Objectives and Investment PolicyObjective To increase the value of its shares through growth in the valueof its investments.Portfolio securities The fund is actively managed and invests mainly ina widely diversified portfolio of shares of companies in Japan.The fund may use derivatives for hedging and efficient portfoliomanagement.Investment process The investment manager's approach is to:■Consider macroeconomic factors in the implementation of a primarily

bottom-up and research driven process.■Seek growth opportunities across the market capitalization and market

sector spectrums.■Manage risk at stock, sector, and market cap-range levels.■Use portfolio rebalancing as an effective risk management tool.Designed for Investors who typically plan to invest for five years or more.Fund reference currency GBP

TERMS TO UNDERSTANDActive management Where an investment manager makes specificinvestment decisions with the goal of producing better returns than simplyinvesting in line with a benchmark index (a strategy generally known as“passive”).Derivatives Financial instruments whose value is linked to one or morerates, indexes, share prices or other values.Equities (stocks) Securities that represent partial ownership of acompany.Hedging Seeking to reduce or cancel out exposure to various investmentrisks.

The Sub-Fund may appeal to investors who:- are interested in investment growth- are looking to diversify their equity investments- understand and can accept the risks of the fund, including the risks ofinvesting in the equities of smaller companies.

Income generated by the fund is reinvested and included in the value ofits shares.Orders to buy, switch and redeem shares are ordinarily processed anyday that is a full bank business day in England and Wales.Orders received and accepted by 13:00 CET on a business day willgenerally be processed that day.

Risk and Reward Profile

Lower Risk Higher Risk

Typically Lower Rewards Typically Higher Rewards

1 2 3 4 5 6 7

The value of an investment in the fund can go up and down. When yousell your shares, they may be worth less than what you paid for them. Ifyour currency as an investor is different from the subscription currency ofthe fund, changes in currency exchange rates could reduce any investmentgains or increase any investment losses.The risk/reward rating above is based on medium-term volatility (actualor estimated variations in the fund's share price over five years) but is nota reliable indicator of future risk reward profile.The lowest category does not mean a risk-free investment.The fund is in the category shown because it invests in a segment of themarket where volatility is moderately high.The fund's risk level reflects the following:■As a class, stocks carry higher risks than money market securities and

bonds.MAIN RISKS TYPICALLY ASSOCIATED WITH ORDINARY MARKETCONDITIONSThe fund's main risks are at least partially reflected in the risk/rewardnumber. The most important of these risks are:Capital erosion When insufficient income is received by the fund, chargesmay be paid against capital. Investors should be aware that if deductionsare made from capital, this will result in capital erosion and constrain capitalgrowth.Small and mid cap stock Stocks of small and mid-size companies canbe more volatile than stocks of larger companies.Style Different investment styles typically go in and out of favor dependingon market conditions and investor sentiment. At any given time, forinstance, a growth-style portfolio may underperform a value- style portfolio,or vice-versa, and either may at any time underperform the market as a

whole.

MAIN RISKS TYPICALLY ASSOCIATED WITH UNUSUAL MARKETCONDITIONSUnusual market conditions or large unpredictable events can amplify thefund's main risks. They can also trigger other risks, such as:Operational A fund may be subject to errors affecting valuation, pricing,accounting, tax reporting, financial reporting, and trading, among otherthings. In addition, in any market, but especially in emerging markets,there could be losses due to fraud, corruption, political or military actions,the seizure of assets, or other irregular events.A more detailed description of the risks that apply to the fund is set out inthe section "Risk Descriptions" in the prospectus.

INVEST WITH CONFIDENCE

ChargesThe charges you pay are used to pay the costs of running the fund, including the costs of marketing and distributing it. These charges reduce thepotential growth of your investment.

One-off charges taken before or after you investEntry charge None

Exit charge NoneThis is the maximum that might be taken out of your money before it isinvested / before the proceeds of your investment are paid out.Charges taken from the fund over a yearOngoing charges 0.91%

Charges taken from the fund under certain specific conditionsPerformance fee None

The entry and exit charges shown are maximum figures. In some casesyou may pay less. You can find this out from your distributor or financialadviser.

The ongoing charges figure is based on expenses for the year ending08/2019. This figure may vary from year to year. It excludes portfoliotransaction costs, except in the case of an entry/exit charge paid by thefund when buying or selling units/shares in another collective investmentundertaking.

For more information about charges, please see the section entitled"NOTES ON FUND COSTS" and in the fund's prospectus, which isavailable at troweprice.com.

Past Performance

Tota

l Ret

urn

in %

The past performance indicated is not a reliable indicator of futureperformance.

The past performance calculation includes all ongoing charges,but excludes any entry charge applied.

The fund and class started to issue shares in 2017.

Past performance has been calculated in GBP.

Practical InformationThe fund's depositary is J.P. Morgan.Further information about the fund, copies of its prospectus, latest annualreport and any subsequent half-yearly report can be obtained, free ofcharge, from J.P. Morgan, or at troweprice.com. These documents areavailable in English and certain other languages (fully detailed on thewebsite).The latest share prices can be obtained from J.P. Morgan.The tax legislation of the UK, the fund's home Member State, may havean impact on the personal tax position of the investor.T. Rowe Price UK Limited may be held liable solely on the basis of anystatement contained in this document that is misleading, inaccurate orinconsistent with the relevant parts of the prospectus for the fund.Investors in the fund have the right to exchange their shares in the fundfor shares in another sub-fund. Information about how to exercise this rightis contained in the section of the prospectus entitled “Conversion ofShares”.

This document describes a sub-fund of T. Rowe Price Funds OEIC andthe prospectus and periodic reports referenced in this document areprepared for the whole of the T. Rowe Price Funds OEIC. The assets andliabilities of each sub-fund are segregated by law, which means that thirdparty creditors have recourse only to the sub-fund having incurred theliability.Investors can obtain information about the other classes of the fund in theappendix to the prospectus describing this fund.The details of the up-to-date remuneration policy statement setting outthe key remuneration elements, including, but not limited to, a descriptionof how remuneration and benefits are calculated, the identity of personsresponsible for awarding the remuneration and benefits, including thecomposition of the remuneration committee, are available on the websitehttps://www.troweprice.com/content/dam/trowecorp/Pdfs/TPRUK_Remu-neration_Policy.pdf. A paper copy of this information is available free ofcharge upon request from the Authorised Corporate Director.

This fund is authorised in the United Kingdom and regulated by The Financial Conduct Authority.This key investor information is accurate as at 02/10/2019.

Japanese Equity Fund a sub-fund of T. Rowe Price Funds OEIC, Class C Acc (ISIN: GB00BD446L18)

INVEST WITH CONFIDENCE

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.

TB Amati UK Smaller Companies Fund, a sub-fund of the TB Amati Investment Funds B Accumulation, ISIN: GB00B2NG4R39

The Authorised Corporate Director of this Fund is: T. Bailey Fund Services Limited.

Objectives and Investment Policy The Fund aims to provide long term capital growth. The Fund invests in smaller UK company shares and shares of companies that can be bought and sold on UK stock markets. The Fund will primarily invest (i.e. typically more than 75%) in companies which are either incorporated in the UK or are listed* in the UK and have the majority of their economic activity in the UK. The Fund also has the discretion to invest an amount (typically less than 25%) in companies which are listed* in the UK but are not incorporated in the UK and do not have the majority of their economic activity in the UK. There may be occasions when the Investment Manager chooses to hold large degrees of cash or money market instruments in order to protect returns in certain market conditions (e.g. a severe market downturn). The Fund is not managed to generate an income. Any income arising from the Fund is reinvested. In other words all units are accumulation units. Investors can redeem units on demand, at the daily valuation point of 12 noon (UK time) when this is a normal business day in the UK. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money in the short-term (within 5 years). The Fund should be viewed as a medium to long-term investment only.

* “Listed” for the purposes of the Fund’s Objective and Investment Policy means listed on the Main Market of the London Stock Exchange or quoted on the Alternative Investment Market or NEX Exchange.

Risk and Reward Profile The Risk and Reward Indicator below demonstrates in a standard format where the Fund ranks in terms of its potential risk and reward. It is based on historical performance data, may change over time and may not be a reliable indication of the future risk profile of the Fund. The shaded area in the table below shows the Fund’s ranking. The higher the rank the greater the potential reward but the greater the risk of losing money. Lower risk Higher risk

Typically lower rewards Typically higher rewards

1 2 3 4 5 6 7

• The Fund is in the above risk category because it invests in

shares.

• Smaller companies’ securities are often traded less frequently than those of larger companies, this means they may be more difficult to buy and sell. Their prices may also be subject to short term swings.

• The lowest category does not mean a fund is a risk free

investment. • The value of investments may go down as well as up in

response to general market conditions and the performance of the assets held. Investors may not get back the money which they invested.

• There is no guarantee that the Fund will meet its stated

objectives.

• The movements of exchange rates may lead to further changes in the value of investments and the income from them.

• There is a risk that any company providing services such as

safe keeping of assets or acting as counterparty to derivatives may become insolvent, which may cause losses to the 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.

The ongoing charges figure is based on the expenses incurred by the Fund for the year ended 31 January 2019.

The figure may vary from year to year. It excludes payments related to interest on borrowing and portfolio transaction costs, except in the case of transaction fees payable to the custodian.

For details of the actual charges, please contact your financial adviser/distributor.

One-off charges taken before or after you invest

Entry charge nil

Exit charge nil

This is the maximum that might be taken out of your money

before it is invested/ before the proceeds of your investment

are paid out.

Charges taken from the Fund over a year

Ongoing charges 0.92%

Charges taken from the Fund under specific conditions

Performance fee nil

Past Performance (Fund launch date 29 July 2008)

• The Past Performance chart shows annual performance, in GBP, for each of the last 10 calendar years. • The Fund was created as a new investment structure by the transfer of the First State British Smaller Companies Fund in July

2008. • Past performance is not a reliable indicator of future results. • Performance is shown inclusive of all charges, except entry charges.

Practical Information

• Further information about the Fund including the Prospectus & Supplementary Information document is available free of charge at www.tbaileyfs.co.uk. Please contact T. Bailey for copies of the latest annual and half-yearly reports. All documents are available in English only.

• This Key Investor Information is prepared for the TB Amati UK Smaller Companies Fund, a compartment of the TB Amati Investment Funds, a UCITS. The Prospectus and periodic reports referred to above are prepared for the entire UCITS.

• Although as at the date shown below no other compartments have been launched, any subsequent compartment would be a segregated portfolio of assets and those assets can only be used to meet the liabilities of, or claims against, that compartment.

• Latest prices are published at www.fundlistings.com.

• The Fund’s home Member State is the UK and this may have an impact on the personal tax position of the investor. Please seek professional advice from your Financial Adviser if you are unsure.

• The depositary of the Fund is NatWest Trustee and Depositary Services Limited. • T. Bailey Fund Services 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. • Details of the up to date remuneration policy which includes a description of how remuneration and benefits are calculated and

the identities of the persons responsible for awarding remuneration and benefits, are available at www.tbaileyfs.co.uk and a paper copy will be available free of charge upon request.

• Another share class is available in this Fund: (A Accumulation & B Accumulation) please see separate Key Investor Information document for details. Investors have the right to request a switch to the other share class of this Fund or to another fund in the TB Amati Investment Funds, should it be launched – see Prospectus for more details.

• The Fund is authorised in the UK and is regulated by the Financial Conduct Authority. • T. Bailey Fund Services Limited is authorised in the UK and is regulated by the Financial Conduct Authority.

This Key Investor Information is accurate as at 7 August 2019.

Authorised Corporate Director Contact Details

T. Bailey Fund Services Limited,

64, St. James’s Street,

Nottingham, NG1 6FJ

T: 0115 988 8275

W: www.tbaileyfs.co.uk

Source:

FE Analytics

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

TB Amati UK Smaller Companies B in GBP -43.8 67.0 49.7 -3.8 12.9 31.1 4.4 23.2 15.6 36.2 -6.3

-60

-40

-20

0

20

40

60

80

%

TB Amati UK Smaller Companies B in GBP

ISIN (Income):

Lower Risk Higher Risk

Typically lower rewards Typically higher rewards

1 2 3 4 5 6 7

Key Investor InformationThis 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.

TM CRUX European Special Situations Fund Class I GBP

The investment objective of the Fund is to achieve long term capital growth by investing in European (excluding the UK) equities of companies in special situations.

The Fund aims to achieve its objective primarily (a minimum of 70%) through investment in equity securities of European (excluding the UK) companies in special situations where it is believed the company is considered undervalued. The Fund will also invest in other European (excluding the UK) equities to mitigate the volatility of the Fund. The Fund’s portfolio will be managed on a concentrated basis. The Fund will be able to invest without restriction by market cap or sector.

The Fund may also invest in other transferable securities, units or shares in collective investment schemes, money market instruments, cash and near cash, and deposits.

The use of derivatives is permitted by the Fund for efficient portfolio management purposes (including hedging), and borrowing will be permitted under the terms of the Regulations. On giving 60 days' notice to shareholders, the Fund may, in addition to its other investments powers, use derivatives and forward transaction for investment purposes. It is not intended that the use of derivatives in this way will change the risk profile of the Fund.

Investors should note that while the investment objective of the Fund is to achieve long term capital growth there may be situations in which an income return is also achieved.

Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within 5 years.

Risk and Reward Profile

The risk rating of the Fund is category 5 due to the volatility of the Fund price which sits in a range of between 10% and 15%. The risk rating is calculated using historical data and a prescribed standard deviation methodology.

The following risks are material in addition to the risks captured by the indicator above:

• Currency Risk: A risk to investors when the Fund may hold investments in currencies other than the base currency and fluctuations in these exchange rates may affect the return on investment. The Fund uses derivative instruments to reduce this risk.

• Equities Risk: Where investments are in the shares of companies (equities), the value of those equities may fluctuate, sometimes dramatically, in response to the activities and results of individual companies or because of general market and economic conditions or other events.

• Geographical / Sector Risk: Significant exposure to a particular industrial sector or geographical region puts the fund at risk of a localised event making a significant impact on the value of the Fund.

• General Risk: The price of units/shares and any income from them may fall as well as rise and investors may not get back the full amount invested. Past performance is not a guide to future performance. There is no assurance that the investment objective of the fund will actually be achieved.

All the risks currently identified as being applicable to the Fund are set out in the 'Risk' section of the Prospectus.

This Fund is managed by Thesis Unit Trust Management Limited GB00BTJRPZ43GB00BTJRQ064ISIN (Accumulation):

Income arising from the fund is distributed to the holders of income shares and reinvested in the case of accumulation shares. Investors can buy and sell shares on demand when the scheme prices daily at 12 midday.

Objectives and Investment Policy

• This indicator is based on historical data and may not be a reliable indication of the future risk profile of the Fund.

• The risk and reward category shown is not guaranteed to remain unchanged and may shift over time.

• The lowest category does not mean ‘risk free’.

• This indicator is not a measure of the risk that you may lose the amount you have invested.

A sub Fund of the TM CRUX OEIC

The base currency of the Fund is pounds sterling.

Performance source: Morningstar Direct

None

(d) Performance will be calculated as Total Return, including all charges levied against the Fund

One-off charges taken before or after you invest

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.

Charges for this Fund

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

None

None

This Key Investor Information is accurate as at 28th September 2019.

The depositary of the Fund is State Street Trustees Limited. The depositary has delegated the function of custodian to State Street Bank and Trust Company.

• Portfolio transaction costs, except in the case of an entry/exit charge paid by the Fund when buying or selling units/shares in another collective investment scheme.

For more information about charges, please see clauses 22, 23 and 24 in the Fund's Prospectus, which is available on request via email to thesisut@tutman.co.uk

Please email thesisut@tutman.co.uk if you require, or have any queries in relation to, the Fund price, Report and Accounts or Prospectus. All documentation relating to the Fund is available in English and is free of charge. The main documents of the Fund are also available in Swiss German. The most recent prices will appear daily on the Financial Express website at www.fundlistings.com and can also be obtained by telephone on 01483 783 900. The annual Report and Accounts will be made available annually on the 31st January.

(b) The bar chart shows the calendar year returns for the last 9 full calendar years. If a column is blank, there is insufficient performance data to provide a complete calendar year of performance

Information on the current remuneration policy, including a description of how remuneration and benefits are calculated and the identity of the remuneration committee members, is available on our website at www.tutman.co.uk and a copy can be obtained, free of charge, on request.

(f) Investments may go down as well as up

(a) The Fund launched in 2009

This Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority.

UK tax legislation may have an impact on the personal tax position of investors.

www.tutman.co.uk

Tutman is a trading style of Thesis Unit Trust Management Limited and Tutman LLP. Thesis Unit Trust Management Limited is registered in England and Wales, number 03508646 and Tutman LLP is registered in England and Wales, number OC369415. Both entities are authorised and regulated by the Financial Conduct Authority andhave their registered office at Exchange Building, St John’s Street, Chichester PO19 1UP.

Entry Charge

Exit Charge

Past Performance

The information in this document relates to a single class of the TM CRUX European Special Situations Fund, the TM CRUX European Special Situations Fund Class I GBP Income unit class. This document also represents the Accumulation unit class. There are also other share classes available within this sub-fund.

It is possible for you to switch your entitlement between sub-Funds of the TM CRUX OEIC. You can obtain more information about switching by emailing thesisut@tutman.co.uk. You should be aware that an exchange of shares for shares (of whatever class) in another sub-Fund is treated as a redemption and sale and is a disposal for Capital Gains Tax purposes. The Prospectus and Report and Accounts are prepared for the TM CRUX OEIC in its entirety.

The assets of the TM CRUX European Special Situations Fund are segregated from other sub-Funds and can only be used to meet the liabilities of the TM CRUX European Special Situations Fund and not of any other sub-Fund.

Practical Information

Charges taken from the Fund under certain specific conditions

(c) Past performance has been calculated in pounds sterling

Thesis Unit Trust Management Limited is authorised in the United Kingdom and regulated by the Financial Conduct Authority.

0.87%

This is the maximum that might be taken out of your money before it is invested or before the proceeds of your investments are paid out

Thesis Unit Trust Management Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant part of the Prospectus for the Fund.

(e) Past performance has limited value as a guide to future performance

Ongoing charges

Performance fee

The ongoing charges figure shown here is an estimate of the charges. The UCITS annual report for each financial year will include detail on the exact charges made. This figure may vary from year to year. It excludes:

-15

.2%

20

.9%

21

.4%

13

.3%

1.6

%

25

.4%

22

.4%

-14

.2%

26

.9%

-40.00%

-30.00%

-20.00%

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

2018201720162015201420132012201120102009

Fund No formal benchmark

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

Dynamic Bond Fund ("the Fund")I Accumulation SharesThis is a sub fund of MI TwentyFour Investment Funds. The Fund is an Open Ended Investment Company. ISIN: GB00B5VRV677.Maitland Institutional Services Ltd is the Authorised Corporate Director of the Fund.

Objectives and investment policyThe Fund aims to provide income and grow your investment.

The Fund will invest in a broad range of bonds (which are loans thatpay a fixed or variable rate of interest) issued by companies orgovernments from around the world. The Fund has a highly flexibleinvestment policy which allows it to take advantage of current marketconditions and future expectations.

The bonds will be 'investment grade' and 'non-investment grade', asdetermined by international agencies that provide such ratings.Investment grade bonds, whilst potentially producing a lower levelof income than non-investment grade bonds, are considered to belower risk.

The Fund will aim to reduce the effect of exchange rate movementsin the underlying securities relative to the base currency of the Fund.However, these techniques may not be fully effective in completelyremoving the exchange rate risk.

The Fund may use derivative instruments (such as futures, optionsand interest rate and credit derivatives) for investment purposes.Derivatives are linked to the rise and fall of other assets. The pricemovements in these assets can result in movements of the Fund'sshare price.

The Fund can also use derivative instruments for the purposes ofefficient portfolio management, with the aim of managing risk andcost.

Any income this share class generates will be reinvested to grow thevalue of your investment.

You can buy and sell shares on any business day in London.

Recommendation: this Fund may not be appropriate for investorswho plan to withdraw their money within 4-5 years.

For full investment objectives and policy details please refer to theprospectus.

Risk and reward profileThe Risk and Reward Indicator table demonstrates where the Fundranks in terms of its potential risk and reward. The higher the rank thegreater the potential reward but the greater the risk of losing money. Itis based on past data, may change over time and may not be a reliableindication of the future risk profile of the Fund. The shaded area in thetable below shows the Fund’s ranking on the Risk and Reward Indicator.

Typically lower rewards,lower risk

Typically higher rewards,higher risk

1 2 3 4 5 6 7

• The Fund is ranked at 3 because funds of this type have experiencedlow to medium rises and falls in value in the past. Please note that eventhe lowest risk class can lose you money and that extreme marketcircumstances can mean you suffer severe losses in all cases. Theindicator does not take into account the following risks of investing inthis Fund:

• Investing overseas can bring additional returns and spread risk todifferent markets. There are risks, however, that changes in currencyexchange rates may cause the value of your investment to decreaseand increase.

• There is no guarantee that an asset which provides the security for abond will maintain its value.

• The Fund can use derivatives in order to meet its investment objectivesor to protect from price and currency movements. This may result ingains or losses that are greater than the original amount invested.

• Derivatives can be used to help reduce risk but may not be fullysuccessful. Derivatives can also reduce gains you may otherwise havemade.

• Currency risk reduction techniques can have an effect on the value ofyour investment and on the performance of the share class.

• Bond values are affected by changes in interest rates, inflation and anydecline in creditworthiness of the bond issuer. Bonds that produce ahigher level of income usually also carry greater risk as such bondissuers may not be able to pay the bond income as promised or couldfail to repay the capital amount used to purchase the bond.

• There may be cases where the organisation from which we buy a bondfails to carry out its obligations, which could cause losses to the Fund.

• In difficult market conditions, the value of some investments may beless predictable than normal and the Fund may not be able to buy andsell these investments at the best time or at a fair price. This could affectthe Fund’s performance, potentially reducing your returns.

• For further risk information please see the prospectus.

Page 1 of 2.

ChargesThe charges you pay are used to pay the costs of running the Fund,including the costs of marketing and distributing it. These chargesreduce the potential growth of your investment.

One-off charges taken before or after you investEntry charge 0.00%Exit charge 0.00%

These are the maximum charges that we might take out of your moneybefore it is invested and before we pay out the sale proceeds of yourinvestment. In some cases, you might pay less and you should speakto your financial adviser about this.

Charges taken from the Fund over a yearOngoing charges 0.77%

Charges taken from the Fund under specific conditionsPerformance fee NONE

• Switching charge (for switching into the Fund from another fund)0.05%.

• The ongoing charges figure is based on the last year’s expenses andmay vary from year to year. It excludes the costs of buying or sellingassets for the Fund (unless these assets are shares of another fund).

• For the ongoing charge, the figure is as at 31 March 2019.• You may also be charged a dilution levy on entry to or exit from the

Fund, this is to cover costs associated with your transaction.• 50% of certain charges are deducted from the capital of the Fund.

This may allow more income to be paid but it may also restrict capitalgrowth.

• For more information about charges, please see the prospectus.

Past performance

-4 -2 0 2 4 6 8

10 12 14 16 18 20 22 24

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

%

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Fund -3.2 22.3 9.2 5.7 2.6 4.5 8.9 -2.4

Source: FE 2019

• You should be aware that past performance is not a guide to futureperformance.

• Fund launch date: 26/04/2010.• Share/unit class launch date: 26/04/2010.• Performance is calculated in GBP.

Practical information• This document is issued by Maitland Institutional Services Ltd and contains information on the I Accumulation Shares only.• Each fund of the Company has its own pool of assets and liabilities, segregated by law. If one fund were unable to pay for its liabilities the

assets of the other funds could not be used to pay for those liabilities.• You can get further detailed information regarding the Fund, including details of the investment manager and how to switch, buy and sell

shares and other share classes available, within the prospectus, the supplementary information document and the annual and half yearlymanagers' reports. You can get these free of charge from Maitland Institutional Services Ltd, Hamilton Centre, Rodney Way, Chelmsford,Essex CM1 3BY or from our website: www.maitlandgroup.com. These are available in English only. You can also call us on 0345 026 4286,or look on our website for the latest share prices.

• Details of the ACD’s remuneration policy (including a description of how remuneration and benefits are calculated, the composition of theremuneration committee and the identities of persons responsible for awarding remuneration and benefits) are available at www.maitlandgroup.com/uk-fund-administration/mi-fund-data/ or by requesting a paper copy free of charge (see above for contact details).

• The Depositary of the Fund is Northern Trust Global Services SE (UK Branch).• Please note that the tax laws of the United Kingdom may impact your own tax position.• Maitland Institutional Services 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 Fund.

This Fund is authorised and regulated in the United Kingdom by the Financial Conduct Authority. Maitland Institutional Services Ltd isauthorised in the United Kingdom and regulated by the Financial Conduct Authority.This Key Investor Information is accurate as at 31/07/2019. JZU9

Page 2 of 2.

Key Investor InformationThis document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help youunderstand 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.

Vanguard Global Emerging Markets Fund(the "Fund")A sub-fund of Vanguard® Investments Funds ICVC

GBP AccumulationISIN: GB00BZ82ZY13Authorised Corporate Director: Vanguard Investments UK, Limited ("VIUK")

Objectives and investment policy2 The Fund seeks to provide an increase in the value of investments over

the long-term (more than 5 years).2 The Fund is an active fund investing primarily in shares of companies

located in emerging market countries. Countries defined by theInternational Monetary Fund as emerging or developing economies aregenerally regarded as eligible. However, the investment adviser hasdiscretion to determine which countries are regarded as emergingmarkets. Emerging markets are countries that are progressing towardbecoming advanced, usually shown by some development in financialmarkets, the existence of some form of stock exchange and a regulatorybody. At least 80% of the Fund's assets will normally be invested in theshares of such companies.

2 The Fund typically invests in a diverse range of large, mid-size and smallcompanies representing different economic sectors and industries,producing a mix of investments in companies whose earnings areexpected to grow faster than their peers in the market and those that areconsidered to have been undervalued by the market.

2 The Fund will be constrained by the FTSE Emerging Index (the “Index”)to a limited extent, with regard to its investment in sectors and countryexposure. Whilst the Fund may invest in components of the Index, it isnot tracking the Index and the Fund will hold investments that are notcomponents of the Index.

2 The Fund attempts to remain fully invested and hold small amounts ofcash except in extraordinary market, political or similar conditions wherethe Fund may temporarily depart from this investment policy.

2 The Fund may use derivatives in order to reduce risk or cost and/orgenerate extra income or growth. The use of derivatives could increaseor reduce exposure to underlying assets and result in greater fluctuationsof the Fund's net asset value. A derivative is a financial contract whosevalue is based on the value of a financial asset (such as a share, bond,or currency) or a market index.

2 The currency of the share class is GBP. The Fund invests in shares whichare denominated in currencies other than the share class currency.Movements in currency exchange rates can affect the return ofinvestments.

2 The Fund may engage in short term secured lending of its investmentsto certain eligible third parties. This is used as a means of generatingadditional income and to off-set the costs of the Fund.

2 The Fund may not be appropriate for short-term investment. Long-termis generally considered to mean at least five years.

2 Income from the Fund will be reinvested and reflected in the price ofshares in the Fund.

2 Portfolio transaction costs will have an impact on performance.2 Shares in the Fund can be bought or sold on a daily basis (save on certain

bank holidays or public holidays and subject to certain restrictionsdescribed in Appendix 1 of the prospectus) by submitting an applicationin writing or by telephone. A full list of the days on which shares in theFund cannot be sold is available onhttps://global.vanguard.com/portal/site/loadPDF?country=global&docId=11627

For further information about the objectives and investment policy ofthe Fund please see Appendix 1 and the “Disclaimers” section of theVanguard Investments Funds ICVC prospectus (the “Prospectus”) onour website at https://global.vanguard.com

Risk and reward profileLower risk Higher risk

Typically lower rewards Typically higher rewards

1 2 3 4 5 6 72 This indicator is based on historical data and may not be a reliable

indication of the future risk profile of the Fund.2 The risk category shown is not guaranteed and may change over time.2 The lowest category does not mean “risk free”.2 The Fund is rated 6 due to the nature of its investments which include

the risks listed below. These factors may impact the value of the Fund'sinvestments or expose the Fund to losses.- The value of equities and equity-related securities can be affected bydaily stock market movements. Other influential factors include political,economic news, company earnings and significant corporate events.- Movements in currency exchange rates can adversely affect the returnof your investment.- Emerging markets are generally more sensitive to economic and politicalconditions than developed markets. Other factors include greater'Liquidity risk', restrictions on investment or transfer of assets and failed/delayed delivery of securities or payments to the Fund.

The risk and reward indicator does not take account of the followingrisks of investing in the Fund:2 Counterparty risk. The insolvency of any institutions providing services

such as safekeeping of assets or acting as counterparty to derivatives orother instruments, may expose the Fund to financial loss.

2 Liquidity risk. Lower liquidity means there are insufficient buyers or sellersto allow the Fund to sell or buy investments readily.

For further information on risks please see the “Risk Factors” sectionof the prospectus on our website at https://global.vanguard.com

ChargesThe 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 potentialgrowth of your investment.

One-off charges taken before or after you invest Entry charge None Exit charge NoneThis is the maximum that might be taken out of your money before it isinvested / before the proceeds of your investment are paid out.Charges taken from the Fund over a year Ongoing charges 0.78%Charges taken from the Fund under certain specific conditions Performance fee None

The entry and exit charges shown are maximum figures and in some casesyou might pay less. Investors can find out the actual entry and exit chargesfrom their financial adviser.The ongoing charges figure is based on expenses for the year ended 31December 2018. This figure may vary from year to year. It excludes portfoliotransaction costs.For further information about charges please see the sections entitled“Buying Shares”, “Redeeming Shares”, “Charges and Expenses”, ”Dilution Adjustment” and Appendix 1 of the prospectus on our websiteat https://global.vanguard.com

Past performance

Per c

ent (

%)

FundIndex

2 Past performance:1. Is not a reliable indication of future performance.2. Includes ongoing charges and the reinvestment of income. It

excludes entry and exit fees.3. Has been calculated in GBP.

2 Shares in the Fund were first issued in 2016.This share class was launched in 2016.

The performance of the Fund may be compared against the Index.VIUK considers that this benchmark best reflects the investmentstrategy of the Fund as a means to assess the performance of theFund.

Practical information2 Depositary: The Vanguard Investments Funds ICVC ("VIF") depositary is State Street Trustees Limited.2 Documents, prices of shares and further information: You can obtain copies of the prospectus and the latest annual and semi-annual report and

accounts for VIF, along with the latest published prices of shares and other information on the Fund, free of charge from Vanguard Investments UK,Limited, P.O. Box 10315, Chelmsford CM99 2AT (tel. 0800 408 2065) or from our website at https://global.vanguard.com These documents are availablein English only.

2 Sub-funds: VIF is an umbrella fund with segregated liability between sub-funds. This means that the assets of the Fund are maintained separately underlaw from the assets of the other sub-funds of VIF, and each sub-fund is insulated from any liabilities or claims associated with the other sub-funds.

2 Shares: The Fund is part of VIF and has both accumulation and income shares. You may switch some or all of your shares of one type, to shares ofanother type within the same Fund, or between other funds of VIF. An entry charge may apply. Details of switching are provided in the prospectus.

2 Tax: UK tax legislation may have an impact on your personal tax position. You are recommended to consult your professional tax adviser.2 Liability: VIUK 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 this Fund.2 Remuneration policy: Details of the Vanguard European Remuneration Policy are available at https://global.vanguard.com/portal/site/portal/ucits-investment-information

including: (a) a description of how remuneration and benefits are calculated; and (b) the identities of persons responsible for awarding remuneration andbenefits, including the composition of Vanguard's European Remuneration Committee. A paper copy of these details may be obtained, free of charge,on request from the Head of Human Resources, Europe; Vanguard Asset Services, Limited; 4th Floor; The Walbrook Building; 25 Walbrook; LondonEC4N 8AF.

The Fund is authorised in the UK and regulated by the Financial Conduct Authority (“FCA”). VIUK is authorised and regulated in the UK by the FCA.This key investor information is accurate as at 07/08/2019.

The Private Office and TPO are trading names of The Private Office Limited, authorised and regulated by the Financial Conduct

Authority, firm reference number 789482. SRLV Financial LLP, company number OC312059 and John Lamb Wealth Management

Limited, company number 08103372 are Appointed Representatives of The Private Office Limited. Registered in England and Wales at

2 The Bourse, Leeds LS1 5DE, company number 10226899 and our financial services register entry may be checked by

visiting https://register.fca.org.uk/

What is the Supplementary Information Document?The Supplementary Information Document (SID)

contains practical and useful information about

investing in funds through The Private Office (TPO).

The SID is relevant to the funds you have chosen to

invest in and should be read together with the Key

Investor Information Document (KIID).

For further information about the funds themselves,

please refer to the KIID or prospectus which can be

obtained from our website or by contacting us at the

address below.

All information contained in this SID is accurate at

the time of publication. However, we recommend

that you visit http://www.theprivateoffice.com/ site-

services/key-investor-information for the very latest

information.

What if I change my mind?In most cases you can exercise a right to cancel by

withdrawing from the contract. In general terms you

will normally have a 30 day cancellation period for a

life, pure protection, payment protection or pension

policy and a 14 day cancellation period for all other

policies.

If you choose to exercise your right to cancel an

investment contract, please be aware that you

might not get back the full amount invested if the

value of your investment has fallen.

Please note that certain types of contract and

transactions do not attract cancellation rights – you

will be advised of the situation pertaining to your

investments in advance of commencement of any

policies.

What happens if I have a complaint?If you have a complaint about any aspect of the

service you have received or to request a copy of

our Complaints Handling Procedures, please

contact us at:

Risk & Regulatory Director

The Private Office

No 2 The Bourse

Leeds

LS1 5DE

T: 0333 323 9060

E: complaints@theprivateoffice.com

If your complaint is not resolved to your

satisfaction, you may be entitled to refer it to the

Financial Ombudsman Service (FOS) at:

The Financial Ombudsman Service (FOS)

Exchange Tower

London

E14 9SR

T: 0800 023 4567

E: complaint.info@financial-ombudsman.org.uk

W: www.financialombudsman.org.uk

Complaining to the FOS will not affect your legal

rights and we will inform you of your rights when

answering your complaint.

In the event that you are dissatisfied with any

online services that we have provided, you may

contact us directly at

complaints@theprivateoffice.com or make a

complaint directly to the Online Dispute Resolution

Platform at http://ec.europa.eu/odr.

Financial Services Compensation Scheme (FSCS)FSCS cover depends on the nature of the claim

being made. In general terms, FSCS cover is not

available on claims for loss of value resulting just

from the poor performance of investments.

However, cover may be available for claims

against authorised firms for loss arising from bad

investment advice, poor investment management

or misrepresentation.

Most types of investment business are covered up

to a maximum limit of £85,000. This depends on the

type of business and the circumstances of the

claim. Long-term insurance business is covered to

100% of the claim, without any upper limit.

For further information about the compensation

scheme arrangement, please see:

W: www.fscs.org.uk