pension fund - royal london

Pension Fund

PerformanceMarch 2022

Investments I royallondon.com

Pension fundperformance vs.benchmark

The following tables show the performance of the Royal LondonUnit Linked Pension fund range. Each fund’s performanceis shown against its benchmark: a gauge against which theperformance of the fund can be measured. The benchmark isusually an index, for example the FTSE All Share Index whichtracks the performance of UK shares. A fund may also bebenchmarked against the sector average: the average performanceof all pension funds within a sector.

Where a fund invests in a number of different geographical areasor asset types, a composite benchmark may be used. This is whena mixture of indices have been used as a performance gauge. Themix between these indices will usually reflect the expected assetallocation of the fund.

Further information on any of the benchmarks used can be found on our fund factsheets atroyallondon.com/pensions/investment-options/fund-prices/

The figures in this document have been calculated net of the Fund Management Charge.

IMPORTANT NOTES

Source: Lipper, bid to bid, as at 28.02.22, Royal London, as at 28.02.22. All performance figures, including the figures shown for the growth in the benchmarks, have been calculated net of the Fund

Management Charge. The Compound Annual Growth Rate (C.A.G.R.) is a measure of the investment returns, on a given fund, over the specified period. It allows for the impact of compounding of

investment returns, which is particularly important where returns vary from one year to the next. Past performance is not a guide to the future. Prices can fall as well as rise meaning you may not get back

the value of your original investment. Investment returns may fluctuate and are not guaranteed.

Note: The benchmarks used in this document include data from FTSE International Limited (“FTSE”) © FTSE 2022. “FTSE®” is a trade mark of the London Stock Exchange Group companies and is

used by FTSE International Limited under licence. All rights in the FTSE indices and/or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or

omissions in the FTSE indices and/or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.

Total Expense Ratio (TER), covering calendar year 2020. The TER is a measure of the overall cost of a fund

to the investor. It includes any audit, custodian, registration or compliance fees paid out of the fund’s assets

plus the Fund Management Charge. It does not include the costs of buying and selling securities, which would

still be paid if investing directly in securities instead of through an investment fund. TERs are reviewed

regularly and may be subject to change.

The performances of the indicated benchmarks have been calculated using

prices for the last pricing date previous to that shown (i.e. to compare our fund

price movements for the period to 28.02.22 we have used benchmark prices to

25.02.22). This calculation allows a more accurate comparison between the fund

and its benchmark, due to a one-day delay in the pricing of the external funds in

question.

Tracker funds, also known as passive funds, aim to perform in line with a market index such as the FTSE All

Share index. They do this by investing in either all (full replication) or a representation (partial replication) of

the index constituents. Tracker funds tend to be low cost as this replication is generally done automatically and

does not require the same level of research as active management.

As part of our ongoing review process a change of underlying investment

occurred for this fund. Please visit royallondon.com/pensions/investment-

options/fund-changes/ for further information.

The performances of the indicated benchmarks have been calculated using

prices for the last pricing date two days prior to that shown (i.e. to compare our

fund price movements for the period to 28.02.22 we have used benchmark

prices to 24.02.22). This calculation allows a more accurate comparison between

the fund and its benchmark, due to a two-day delay in the pricing of the external

funds in question.

Actively managed funds aim to outperform the market index by employing fund managers and research teams

to make tactical decisions on which stocks or sectors to invest in. They tend to have higher charges than tracker

funds in line with the extra resource required to run these funds. It should be remembered that a higher charge

does not guarantee better returns.

The Fund Volatility figure shown is the annualised standard deviation of the monthly returns on the fund

over a three-year time period to 28.02.22. Standard deviation is a measure of the spread of monthly returns

around the average (mean) return. A higher volatility figure indicates that the fund has produced a wider range

of returns over the three-year period while a fund with a lower volatility figure has been more stable.

u

v

w

x

y

z

DEPOSIT4 20 2 3 4 5 7 8 9 10 11 12 13 14 15 16

Fund Total Fund Fund 28.02.21 28.02.20 28.02.19 28.02.18 28.02.17 Fund

Fund Name Note Management Expense Management Volatility 28.02.22 28.02.21 28.02.20 28.02.19 28.02.18 Launch

Charge Ratio u Style v w 1 year 1 year 1 year 1 year 1 year Date

Deposit_1RLP Deposit 1.00% 1.00% Active 0.11 -0.92 -0.76 -0.17 -0.30 -0.67 -0.62 -0.56 -0.52 0.20 01.03.84

Overnight Cash Rate (SONIA) -0.90 -0.92 -0.31 -0.39 -0.68 -0.71 -0.64 -0.59 0.08

Difference -0.02 0.16 0.14 0.09 0.01 0.09 0.08 0.07 0.12

GOVERNMENT & CORPORATE BOND




Government & Corporate Bonds_1RLP Annuity 1.00% 1.00% Active 4.20 0.00 -0.98 7.53 1.16 0.88 2.11 1.67 N/A N/A 21.08.15

Composite Benchmark -1.09 -1.88 6.69 0.95 -1.17 1.17 0.65 N/A N/A

Difference 1.09 0.90 0.84 0.21 2.05 0.94 1.02 N/A N/A

Government & Corporate Bonds_2RLP Corporate Bond 1.00% 1.00% Active 6.80 -1.63 1.35 8.63 1.58 3.90 2.69 2.71 5.53 4.84 31.05.02

Markit iBoxx Sterling Non Gilts Overall Index -5.12 0.06 9.06 0.79 -0.06 1.16 0.84 3.39 3.58

Difference 3.49 1.29 -0.43 0.79 3.96 1.53 1.87 2.14 1.26

Government & Corporate Bonds_3RLP Ethical Bond 1.00% 1.00% Active 6.33 -2.95 1.49 10.24 1.74 2.71 2.78 2.56 5.07 N/A 29.03.10

Markit iBoxx Sterling Non Gilts Overall Index -5.12 0.06 9.06 0.79 -0.06 1.16 0.84 3.39 N/A

Difference 2.17 1.43 1.18 0.95 2.77 1.62 1.72 1.68 N/A

Government & Corporate Bonds_4RLP Fixed Interest 1.00% 1.00% Active 7.69 -3.49 -4.06 10.88 1.92 -1.16 0.88 0.68 2.43 3.09 01.03.84

FTSE Actuaries UK Conventional Gilts All Stocks Index -3.98 -5.17 10.76 1.52 -2.21 0.28 0.03 1.93 3.41

Difference 0.49 1.11 0.12 0.40 1.05 0.60 0.65 0.50 -0.32

Government & Corporate Bonds_5RLP Global High Yield Bond 1.00% 1.00% Active 10.82 -2.43 7.10 5.32 1.86 2.16 3.24 2.75 N/A N/A 18.02.13

BofA Merrill Lynch Global Non-Financial High Yield Constrained Index -3.37 5.84 4.32 0.96 2.31 2.18 1.96 N/A N/A

Difference 0.94 1.26 1.00 0.90 -0.15 1.06 0.79 N/A N/A

Government & Corporate Bonds_6RLP Global Index Linked 1.00% 1.00% Active 6.05 6.37 0.07 9.83 0.32 -0.71 5.34 3.09 2.93 N/A 29.03.10

Barclays Capital World Govt Inflation Link Index 6.10 0.41 9.33 -0.35 -1.12 5.21 2.79 2.62 N/A

Difference 0.27 -0.34 0.50 0.67 0.41 0.13 0.30 0.31 N/A

Government & Corporate Bonds_7RLP Index Linked 1.00% 1.00% Active 12.74 8.71 -5.54 14.03 1.93 -1.22 5.40 3.35 5.43 6.26 01.03.84

FTSE Actuaries UK Index-Linked All Stocks Index 8.78 -4.54 11.89 0.83 -2.21 5.12 2.75 5.18 6.06

Difference -0.07 -1.00 2.14 1.10 0.99 0.28 0.60 0.25 0.20

Government & Corporate Bonds_8RLP International Government Bond 1.00% 1.00% Active 3.51 -1.56 -1.28 7.54 1.59 -0.93 1.48 1.02 1.64 N/A 28.11.11

JPMorgan Global GBI Hedged Index -2.79 -2.42 8.65 1.30 -0.87 1.01 0.69 1.56 N/A

Difference 1.23 1.14 -1.11 0.29 -0.06 0.47 0.33 0.08 N/A

Government & Corporate Bonds_9RLP Long (15yr+) Corporate Bond 1.00% 1.00% Active 12.84 -7.48 -2.15 18.07 1.84 1.40 2.24 1.99 5.78 5.64 22.09.04

Composite Benchmark -8.12 -1.51 18.11 0.70 0.14 2.24 1.51 4.86 4.73

Difference 0.64 -0.64 -0.04 1.14 1.26 0.00 0.48 0.92 0.91

Government & Corporate Bonds_10RLP Long (15yr+) Gilt 1.00% 1.00% Active 10.02 -4.91 -5.78 14.53 3.72 -1.78 0.86 0.89 3.61 4.85 22.09.04

Composite Benchmark -4.83 -6.32 14.84 2.67 -2.33 0.79 0.53 3.48 4.72

Difference -0.08 0.54 -0.31 1.05 0.55 0.07 0.36 0.13 0.13

15

Years

5

Years

3

Years

10

Years

Fund Details Percentage Change Compound Annual Growth Rate (%)


15

Years

10

Years

5

Years

3

Years

Past performance is not a guide to the future. Prices can fall as well as rise meaning you may not get back the value of your original investment. Investment

returns may fluctuate and are not guaranteed.

GOVERNMENT & CORPORATE BOND CONTINUED




Government & Corporate Bonds_11RLP Long (15yr+) Index Linked 1.00% 1.00% Active 8.99 8.28 -3.36 10.06 2.69 -1.13 4.82 3.18 4.30 5.58 22.09.04

Composite Benchmark 8.15 -3.53 8.73 1.82 -2.15 4.29 2.48 4.12 5.41

Difference 0.13 0.17 1.33 0.87 1.02 0.53 0.70 0.18 0.17

Government & Corporate Bonds_12RLP Medium (10yr) Corporate Bond 1.00% 1.00% Active 9.85 -5.87 0.25 13.02 1.75 1.34 2.17 1.92 5.10 4.77 22.09.04

Composite Benchmark -6.51 -0.31 12.36 1.08 0.14 1.55 1.17 4.27 4.23

Difference 0.64 0.56 0.66 0.67 1.20 0.62 0.75 0.83 0.54

Government & Corporate Bonds_13RLP Medium (10yr) Gilt 1.00% 1.00% Active 6.28 -4.08 -3.52 9.09 3.02 -2.58 0.32 0.26 2.27 4.00 22.09.04

Composite Benchmark -4.18 -4.09 9.07 2.42 -2.68 0.08 -0.02 2.15 3.94

Difference 0.10 0.57 0.02 0.60 0.10 0.24 0.28 0.12 0.06

Government & Corporate Bonds_14RLP Medium (10yr) Index Linked 1.00% 1.00% Active 5.58 7.39 -1.84 5.30 1.13 -0.97 3.54 2.14 2.87 4.54 22.09.04


Difference -0.14 0.22 0.83 0.74 0.72 0.31 0.48 0.15 0.11

Government & Corporate Bonds_15RLP Short (5yr) Corporate Bond 1.00% 1.00% Active 4.54 -4.01 1.31 6.01 1.18 1.42 1.02 1.13 3.50 3.79 22.09.04

Composite Benchmark -4.19 0.52 6.32 0.83 -0.13 0.79 0.62 2.84 3.18

Difference 0.18 0.79 -0.31 0.35 1.55 0.23 0.51 0.66 0.61

Government & Corporate Bonds_16RLP Short (5yr) Gilt 1.00% 1.00% Active 2.71 -3.01 -1.51 3.64 1.53 -2.00 -0.34 -0.30 0.72 2.52 22.09.04

Composite Benchmark -3.22 -1.91 3.69 1.18 -2.47 -0.52 -0.58 0.64 2.50

Difference 0.21 0.40 -0.05 0.35 0.47 0.18 0.28 0.08 0.02

Government & Corporate Bonds_17RLP Short (5yr) Index Linked 1.00% 1.00% Active 3.19 5.23 -1.41 2.26 1.34 -1.44 1.99 1.16 1.25 2.98 22.09.04


Difference -1.59 -0.03 0.24 0.52 0.28 -0.44 -0.11 -0.09 -0.03

Government & Corporate Bonds_18RLP Short Duration Global High Yield 1.00% 1.00% Active 5.73 0.52 0.17 1.67 2.33 1.27 0.78 1.19 N/A N/A 18.02.13

Overnight Cash Rate (SONIA) -0.90 -0.82 -0.22 -0.22 -0.61 -0.65 -0.55 N/A N/A

Difference 1.42 0.99 1.89 2.55 1.88 1.43 1.74 N/A N/A

Government & Corporate Bonds_19RLP Sterling Extra Yield Bond 1.00% 1.00% Active 11.52 3.47 0.46 8.47 3.15 9.06 4.08 4.87 7.57 N/A 29.03.10

Composite Benchmark -4.63 2.44 9.04 0.59 2.08 2.13 1.81 4.65 N/A

Difference 8.10 -1.98 -0.57 2.56 6.98 1.95 3.06 2.92 N/A

Government & Corporate Bonds_20RLP Sustainable Managed Income Trust 1.00% 1.00% Active 6.12 -2.90 0.95 9.75 N/A N/A 2.46 N/A N/A N/A 25.06.18

Markit iBoxx Sterling Non-Gilts All Maturities Index -5.12 0.06 9.06 N/A N/A 1.16 N/A N/A N/A

Difference 2.22 0.89 0.69 N/A N/A 1.30 N/A N/A N/A

Government & Corporate Bonds_21RLP UK Government Bond 1.00% 1.00% Active 7.83 -3.53 -4.49 11.01 1.94 -1.69 0.75 0.49 2.09 N/A 29.03.10

FTSE Actuaries UK Conventional Gilts All Stocks Index -3.98 -5.17 10.76 1.52 -2.21 0.28 0.03 1.93 N/A

Difference 0.45 0.68 0.25 0.42 0.52 0.47 0.46 0.16 N/A

Government & Corporate Bonds_22RLP/Baillie Gifford High Yield Bond 4 1.30% 1.32% Active 11.63 -4.18 3.14 6.38 0.31 5.02 1.68 2.06 4.87 N/A 29.03.10

BofA Merrill Lynch European Currency High Yield Index -3.00 3.54 6.55 0.38 4.14 2.29 2.27 5.05 N/A

Difference -1.18 -0.40 -0.17 -0.07 0.88 -0.61 -0.21 -0.18 N/A

Government & Corporate Bonds_23RLP/BlackRock Long Gilt Index 1.00% 1.00% Tracker 14.60 -5.37 -9.39 19.95 2.93 -1.73 0.94 0.79 4.05 5.11 30.05.03

FTSE Actuaries UK Conventional Gilts Over 15 years Index -4.98 -9.01 19.81 2.16 -1.98 1.18 0.73 4.08 5.11

Difference -0.39 -0.38 0.14 0.77 0.25 -0.24 0.06 -0.03 0.00

Government & Corporate Bonds_24RLP/BlackRock Over 5 years Index linked Gilt Index 1.00% 1.00% Tracker 14.45 8.28 -6.56 15.03 1.37 -2.34 5.18 2.87 5.72 N/A 07.09.09

FTSE Actuaries UK Index-Linked Gilts Over 5 years Index 9.04 -4.89 13.15 0.89 -2.26 5.47 2.96 5.76 N/A

Difference -0.76 -1.67 1.88 0.48 -0.08 -0.29 -0.09 -0.04 N/A

Government & Corporate Bonds_25RLP/BlackRock UK All Stocks Corporate Bond Index 1.00% 1.00% Tracker 6.92 -5.80 0.52 9.30 0.58 0.77 1.15 0.96 3.35 N/A 26.11.07

Markit iBoxx Sterling Non Gilts Overall Index -5.12 0.06 9.06 0.79 -0.06 1.16 0.84 3.39 N/A

Difference -0.68 0.46 0.24 -0.21 0.83 -0.01 0.12 -0.04 N/A


3

Years

5

Years

10

Years

15

Years

GOVERNMENT & CORPORATE BOND CONTINUED




Government & Corporate Bonds_26RLP/Fidelity Moneybuilder Income 1.25% 1.41% Active 6.68 -4.10 0.31 9.61 0.40 0.68 1.78 1.28 3.52 N/A 29.03.10

BofA Merrill Lynch Euro-Sterling Index -5.37 0.03 8.93 0.61 -0.25 1.02 0.69 3.21 N/A

Difference 1.27 0.28 0.68 -0.21 0.93 0.76 0.59 0.31 N/A

Government & Corporate Bonds_27RLP/Fidelity Strategic Bond 1.35% 1.52% Active 5.92 -5.37 3.28 7.86 -0.22 1.02 1.77 1.22 2.96 N/A 29.03.10

BofA Merrill Lynch Sterling Large Cap Index -4.79 -4.20 10.43 1.01 -1.95 0.24 -0.05 2.11 N/A

Difference -0.58 7.48 -2.57 -1.23 2.97 1.53 1.27 0.85 N/A

Government & Corporate Bonds_28RLP/Invesco Corporate Bond 1.50% 1.50% Active 4.99 -4.07 2.57 7.08 -0.27 2.82 1.75 1.56 3.71 N/A 26.10.09

IA £ Corporate Bond Sector Average -3.52 2.02 9.84 1.33 1.81 2.63 2.21 4.43 N/A

Difference -0.55 0.55 -2.76 -1.60 1.01 -0.88 -0.65 -0.72 N/A

Government & Corporate Bonds_29RLP/Invesco Global Bond 1.62% 1.62% Active 6.14 -3.41 0.75 4.69 -0.85 -1.97 0.62 -0.20 1.78 N/A 26.10.09

IA Global Bonds Sector Average 0.74 0.67 8.29 1.22 -0.37 3.17 2.06 3.64 N/A

Difference -4.15 0.08 -3.60 -2.07 -1.60 -2.55 -2.26 -1.86 N/A

Government & Corporate Bonds_30RLP/Invesco Monthly Income Plus 1.67% 1.67% Active 8.88 2.21 5.72 7.04 -1.36 4.34 4.97 3.54 5.50 N/A 29.03.10

IA £ Strategic Bond Sector Average -1.69 3.77 7.97 0.63 2.49 3.27 2.58 4.29 N/A

Difference 3.90 1.95 -0.93 -1.99 1.85 1.70 0.96 1.21 N/A

Government & Corporate Bonds_31RLP/Ninety One Emerging Markets Local Currency Debt 1.70% 1.87% Active 11.01 -3.27 -4.33 7.52 -5.34 3.69 -0.17 -0.47 -0.02 N/A 29.03.10

JPM GBI-EM Global Diversified Index

Difference N/A N/A N/A N/A N/A N/A N/A N/A N/A

Government & Corporate Bonds_32RLP/M&G Corporate Bond 1.60% 1.60% Active 7.22 -4.19 1.37 8.46 -0.47 1.99 1.75 1.35 3.44 N/A 29.03.10


Difference -0.67 -0.65 -1.38 -1.80 0.18 -0.88 -0.86 -0.99 N/A

Government & Corporate Bonds_33RLP/M&G Global High Yield Bond 1.63% 1.63% Active 9.65 -4.19 3.56 5.10 -0.54 3.14 1.41 1.36 3.85 N/A 29.03.10

IA £ High Yield Sector Average -0.49 5.75 5.59 1.11 3.23 3.57 3.01 5.22 N/A

Difference -3.70 -2.19 -0.49 -1.65 -0.09 -2.16 -1.65 -1.37 N/A

Government & Corporate Bonds_34RLP/M&G Optimal Income 1.73% 1.73% Active 7.10 -2.66 5.34 2.53 -1.42 3.92 1.68 1.50 3.45 N/A 29.03.10

IA £ Strategic Bond Sector Average -1.69 3.77 7.97 0.63 2.49 3.27 2.58 4.29 N/A

Difference -0.97 1.57 -5.44 -2.05 1.43 -1.59 -1.08 -0.84 N/A

Government & Corporate Bonds_35RLP/M&G Strategic Corporate Bond 1.60% 1.60% Active 7.64 -4.23 3.41 7.61 -1.57 3.38 2.14 1.63 3.38 N/A 29.03.10


Difference -0.71 1.39 -2.23 -2.90 1.57 -0.49 -0.58 -1.05 N/A

PROPERTY




Property_1RLP Property 1.00% 1.00% Active 2.78 15.54 -2.22 0.49 4.90 6.84 4.32 4.93 6.24 2.40 01.03.84

ABI UK Direct Property Sector Average 13.97 -4.08 -0.90 3.50 8.12 2.70 3.93 5.06 1.97

Difference 1.57 1.86 1.39 1.40 -1.28 1.62 1.00 1.18 0.43

Property_2RLP/Schroder Global Cities Real Estate 1.70% 1.87% Active 14.22 13.81 -4.86 14.82 14.83 -9.60 7.52 5.23 7.78 N/A 26.10.09

FTSE EPRA/NAREIT 16.34 -8.24 5.30 15.12 -10.97 3.97 2.87 7.52 N/A

Difference -2.53 3.38 9.52 -0.29 1.37 3.55 2.36 0.26 N/A

Percentage Change Compound Annual Growth Rate (%)


3

Years

5

Years

10

Years

15

Years

Fund Details

Benchmark performance figures unavailable

3

Years

5

Years

10

Years

15

Years

Fund Details

MIXED ASSET




Mixed Asset_1RLP Adventurous Managed 1.00% 1.00% Active 10.69 11.01 9.22 1.40 1.34 5.00 7.12 5.52 7.42 5.78 30.09.04

Composite Benchmark 11.69 6.72 2.29 1.61 4.43 6.82 5.28 7.41 5.58

Difference -0.68 2.50 -0.89 -0.27 0.57 0.30 0.24 0.01 0.20

Mixed Asset_2RLP Defensive Managed 1.00% 1.00% Active 6.22 6.66 4.95 1.93 1.37 2.49 4.49 3.46 5.07 4.75 30.09.96


Difference 0.11 1.66 -0.22 0.19 0.75 0.52 0.50 0.47 0.61

Mixed Asset_3RLP Managed 1.00% 1.00% Active 9.33 9.34 7.68 2.13 1.45 4.21 6.33 4.91 6.88 5.41 01.03.84


Difference -0.24 2.13 -0.57 -0.04 0.74 0.43 0.39 0.25 0.06

Mixed Asset_4RLP Governed Portfolio 1 1.00% 1.00% Active N/A 9.25 N/A N/A N/A N/A N/A N/A N/A N/A 23.11.20

Composite Benchmark 9.59 N/A N/A N/A N/A N/A N/A N/A N/A

Difference -0.34 N/A N/A N/A N/A N/A N/A N/A N/A






Difference 0.11 N/A N/A N/A N/A N/A N/A N/A N/A



















Mixed Asset_13RLP GRIP 1 1.00% 1.00% Active N/A 3.38 N/A N/A N/A N/A N/A N/A N/A N/A 23.11.20















Mixed Asset_18RLP Sustainable Diversified Trust 1.00% 1.00% Active 10.19 4.21 10.36 14.53 3.86 6.61 9.61 7.84 N/A N/A 13.11.15

IA Mixed Investment (20-60% Shares) Sector Average 2.67 6.63 4.61 -0.15 3.40 4.62 3.41 N/A N/A

Difference 1.54 3.73 9.92 4.01 3.21 4.99 4.43 N/A N/A

Percentage ChangeFund Details

5

Years

10

Years

15

Years

Compound Annual Growth Rate (%)

3

Years

MIXED ASSET CONTINUED




Mixed Asset_19RLP Sustainable Managed Growth Trust 1.00% 1.00% Active 7.37 0.00 5.76 10.31 N/A N/A 5.27 N/A N/A N/A 25.06.18

IA Mixed Investment (0-35% Shares) Sector Average -0.16 2.97 5.47 N/A N/A 2.73 N/A N/A N/A


Mixed Asset_20RLP Sustainable World Trust 1.00% 1.00% Active 13.00 6.03 18.92 17.49 N/A N/A 13.99 N/A N/A N/A 25.06.18

IA Mixed Investment (40-85% Shares) Sector Average 4.23 9.71 5.12 N/A N/A 6.32 N/A N/A N/A


Mixed Asset_21RLP/7IM AAP Adventurous 1.45% 1.62% Active 12.82 5.27 12.97 -0.53 -2.75 6.77 5.76 4.20 N/A N/A 08.05.12

IA Flexible Investment Sector Average 3.75 13.15 4.39 -1.00 6.65 7.01 5.29 N/A N/A

Difference 1.52 -0.18 -4.92 -1.75 0.12 -1.25 -1.09 N/A N/A

Mixed Asset_22RLP/7IM AAP Balanced 1.45% 1.61% Active 8.69 1.86 7.87 1.57 -2.37 2.35 3.72 2.20 N/A N/A 08.05.12


Difference -0.81 1.24 -3.04 -2.22 -1.05 -0.90 -1.21 N/A N/A

Mixed Asset_23RLP/7IM AAP Moderately Adventurous 1.45% 1.61% Active 11.11 3.61 10.74 0.35 -2.54 4.82 4.81 3.30 N/A N/A 08.05.12


Difference -0.68 0.09 -4.80 -2.51 -0.60 -1.84 -1.74 N/A N/A

Mixed Asset_24RLP/7IM AAP Moderately Cautious 1.45% 1.64% Active 6.26 -0.66 4.91 2.65 -2.58 0.00 2.27 0.83 N/A N/A 08.05.12

IA Mixed Investment (0-35% Shares) Sector Average 0.77 3.33 5.26 0.31 1.79 3.10 2.27 N/A N/A

Difference -1.43 1.58 -2.61 -2.89 -1.79 -0.83 -1.44 N/A N/A

Mixed Asset_25RLP/BlackRock Consensus 85 1.00% 1.00% Active 11.43 6.56 8.71 4.01 0.65 2.56 6.40 4.46 6.71 5.31 31.05.02

ABI Mixed Investment (40-85% Shares) Sector Average 4.23 9.71 5.12 0.00 4.83 6.32 4.73 6.46 5.15

Difference 2.33 -1.00 -1.11 0.65 -2.27 0.08 -0.27 0.25 0.16

Mixed Asset_26RLP/BMF Balanced 1.45% 2.08% Active 13.15 -0.73 13.20 5.06 -1.07 6.79 5.69 4.52 N/A N/A 08.05.12


Difference -5.02 2.55 -0.09 -1.04 1.37 -0.96 -0.52 N/A N/A

Mixed Asset_27RLP/BMF Cautious Growth 1.45% 1.99% Active 10.19 0.67 6.67 4.42 -0.67 2.20 3.89 2.62 N/A N/A 08.05.12


Difference -2.00 0.04 -0.19 -0.52 -1.20 -0.73 -0.79 N/A N/A

Mixed Asset_28RLP/BMF Defensive Income 1.45% 1.97% Active 7.32 -0.39 1.42 5.04 -0.25 1.08 1.99 1.36 N/A N/A 08.05.12

IA Mixed Investment (0-35% Shares) Sector Average 0.77 3.33 5.26 0.31 1.79 3.10 2.27 N/A N/A

Difference -1.16 -1.91 -0.22 -0.56 -0.71 -1.11 -0.91 N/A N/A

Mixed Asset_29RLP/Man GLG Balanced Managed 4 1.45% 1.60% Active 12.57 5.52 5.67 0.75 -3.38 7.82 3.95 3.19 5.82 4.09 31.05.02

IA Mixed Investment (40-85% Shares) Sector Average 2.88 8.94 7.22 0.11 5.62 6.32 4.91 6.61 5.00

Difference 2.64 -3.27 -6.47 -3.49 2.20 -2.37 -1.72 -0.79 -0.91


3

Years

5

Years

10

Years

15

Years





Mixed Asset_30RLP/Man GLG Stockmarket Managed 4 1.45% 1.60% Active 13.08 7.05 8.10 1.09 -2.45 8.45 5.36 4.35 6.70 4.41 31.05.02

IA Flexible Investment Sector Average 2.39 11.33 6.61 -0.79 6.76 6.72 5.18 6.68 5.00

Difference 4.66 -3.23 -5.52 -1.66 1.69 -1.36 -0.83 0.02 -0.59

Mixed Asset_31RLP/Invesco Distribution 1.77% 1.77% Active 10.31 5.25 3.48 5.81 0.72 1.59 4.84 3.35 5.39 N/A 29.03.10

IA Mixed Investment (20-60% Shares) Sector Average 2.67 6.63 4.61 -0.15 3.40 4.62 3.41 4.97 N/A

Difference 2.58 -3.15 1.20 0.87 -1.81 0.22 -0.06 0.42 N/A

Mixed Asset_32RLP/Ninety One Global Income Opportunities 1.58% 1.68% Active 11.62 -1.90 3.25 -5.09 -1.20 -1.40 -1.31 -1.30 1.82 N/A 26.10.09

UK Consumer Price Index 3.67 -1.16 0.11 0.23 1.14 0.85 0.79 0.31 N/A

Difference -5.57 4.41 -5.20 -1.43 -2.54 -2.16 -2.09 1.51 N/A

Mixed Asset_33RLP/Jupiter Merlin Balanced Portfolio 4 1.70% 2.51% Active 11.36 7.76 7.41 4.70 0.80 5.73 6.61 5.25 6.87 N/A 29.03.10

IA Mixed Investment (40-85% Shares) Sector Average 2.88 8.94 7.22 0.11 5.62 6.32 4.91 6.61 N/A

Difference 4.88 -1.53 -2.52 0.69 0.11 0.29 0.34 0.26 N/A

Mixed Asset_34RLP/Jupiter Merlin Growth Portfolio 4 1.70% 2.67% Active 13.83 8.39 9.39 6.25 0.52 5.34 7.99 5.93 7.51 N/A 29.03.10

IA Flexible Investment Sector Average 2.39 11.33 6.61 -0.79 6.76 6.72 5.18 6.68 N/A

Difference 6.00 -1.94 -0.36 1.31 -1.42 1.27 0.75 0.83 N/A

Mixed Asset_35RLP/Jupiter Merlin Income Portfolio 4 1.70% 2.41% Active 9.12 4.86 3.82 5.70 0.80 2.15 4.79 3.45 4.39 N/A 29.03.10

IA Mixed Investment (20-60% Shares) Sector Average 1.69 5.41 6.13 0.00 3.55 4.39 3.33 4.93 N/A

Difference 3.17 -1.59 -0.43 0.80 -1.40 0.40 0.12 -0.54 N/A

Mixed Asset_36RLP/Liontrust Balanced 1.70% 1.80% Active 13.11 5.02 14.22 13.40 -2.46 11.39 10.79 8.12 7.05 N/A 29.03.10


Difference 0.73 3.57 8.25 -2.43 5.97 4.14 3.08 0.38 N/A

Mixed Asset_37RLP/Liontrust Global Alpha 1.95% 2.03% Active 20.79 -1.82 39.60 10.38 -0.05 20.65 14.78 12.77 10.89 N/A 29.03.10

MSCI World Index 15.90 18.75 9.58 4.63 6.57 14.66 10.95 13.28 N/A

Difference -17.72 20.85 0.80 -4.68 14.08 0.12 1.82 -2.39 N/A

Mixed Asset_38RLP/BNY Mellon Multi-Asset Balanced 1.45% 1.57% Active 12.54 10.63 6.35 11.63 4.50 -1.26 9.50 6.26 6.41 N/A 21.01.08


Difference 6.34 -4.30 6.48 4.53 -6.68 2.85 1.22 -0.26 N/A

Mixed Asset_39RLP/BNY Mellon Multi-Asset Growth 1.45% 1.59% Active 16.58 10.27 14.57 9.10 3.15 4.92 11.28 8.32 9.98 N/A 21.01.08

IA Flexible Investment Sector Average 3.75 13.15 4.39 -1.00 6.65 7.01 5.29 6.72 N/A

Difference 6.52 1.42 4.71 4.15 -1.73 4.27 3.03 3.26 N/A

Mixed Asset_40RLP/Rathbone Enhanced Growth 1.45% 1.64% Active 12.44 4.47 20.92 1.83 0.64 8.34 8.75 6.99 N/A N/A 08.05.12

Composite Benchmark 8.27 3.90 5.19 5.32 6.14 5.77 5.75 N/A N/A

Difference -3.80 17.02 -3.36 -4.68 2.20 2.98 1.24 N/A N/A

Mixed Asset_41RLP/Rathbone Strategic Growth 1.45% 1.56% Active 8.91 4.41 11.91 2.43 1.05 4.92 6.17 4.88 N/A N/A 08.05.12

UK Consumer Price Index +3% 6.49 1.93 3.21 3.35 4.17 3.85 3.82 N/A N/A

Difference -2.08 9.98 -0.78 -2.30 0.75 2.32 1.06 N/A N/A

Mixed Asset_42RLP/Rathbone Total Return 1.45% 1.52% Active 4.88 3.86 6.33 2.61 0.94 0.51 4.25 2.83 N/A N/A 08.05.12

LIBOR GBP 6 Months +2% Index 0.34 0.77 1.38 1.42 1.03 0.83 0.98 N/A N/A

Difference 3.52 5.56 1.23 -0.48 -0.52 3.42 1.85 N/A N/A

Mixed Asset_43RLP/Schroder Managed Balanced 1.35% 1.43% Active 12.37 1.20 14.58 4.15 -2.52 5.80 6.49 4.49 6.30 5.13 29.06.98

IA Mixed Investment (40-85% Shares) Sector Average 4.29 10.65 5.15 -0.03 5.42 6.65 5.04 6.67 5.16

Difference -3.09 3.93 -1.00 -2.49 0.38 -0.16 -0.55 -0.37 -0.03

Mixed Asset_44RLP/Schroder MM Diversity 1.35% 2.08% Active 8.31 4.78 11.53 0.26 0.61 -3.11 5.42 2.69 N/A N/A 08.05.12

UK Consumer Price Index 3.91 -0.93 0.34 0.46 1.38 1.09 1.02 N/A N/A

Difference 0.87 12.46 -0.08 0.15 -4.49 4.33 1.67 N/A N/A

3

Years

5

Years

10

Years

15

Years






Mixed Asset_45RLP/Schroder Blended Portfolio 6 1.35% 2.20% Active 13.24 -3.17 13.35 -0.21 -1.55 -0.35 3.08 1.45 N/A N/A 08.05.12


Difference -7.46 2.70 -5.36 -1.52 -5.77 -3.57 -3.59 N/A N/A

Mixed Asset_46RLP/Schroder Blended Portfolio 7 1.35% 2.24% Active 13.20 -1.14 16.25 0.28 -1.39 -0.69 4.84 2.45 N/A N/A 08.05.12

Composite Benchmark 10.93 6.85 1.37 0.31 3.26 6.31 4.47 N/A N/A

Difference -12.07 9.40 -1.09 -1.70 -3.95 -1.47 -2.02 N/A N/A

Mixed Asset_47RLP/UBS Global Allocation 1.40% 1.46% Active 12.01 2.11 7.14 1.87 0.11 5.24 3.68 3.26 5.51 N/A 21.01.08


Difference -2.18 -3.51 -3.28 0.14 -0.18 -2.97 -1.78 -1.16 N/A

UK EQUITY #REF!




UK Equity_1RLP Equity Income 1.00% 1.00% Active 17.68 15.40 0.09 -0.64 1.15 5.04 4.69 4.04 8.73 N/A 29.03.10

FTSE All Share Index 14.88 2.47 -2.41 0.69 3.36 4.72 3.63 5.85 N/A

Difference 0.52 -2.38 1.77 0.46 1.68 -0.03 0.41 2.88 N/A

UK Equity_2RLP UK Equity 1.00% 1.00% Active 17.23 11.63 4.90 -0.73 -0.31 4.84 5.14 3.97 6.05 4.73 01.03.84

FTSE All Share Index 14.88 2.47 -2.41 0.69 3.36 4.72 3.63 5.85 4.43

Difference -3.25 2.43 1.68 -1.00 1.48 0.42 0.34 0.20 0.30

UK Equity_3RLP Sustainable Leaders Trust 1.00% 1.00% Active 13.79 13.34 5.63 16.35 6.19 5.29 11.67 9.26 7.90 6.95 01.11.99


Difference -1.54 3.16 18.76 5.50 1.93 6.95 5.63 2.05 2.52

UK Equity_4RLP UK Mid Cap 1.00% 1.00% Active 21.74 1.33 6.05 8.39 -1.07 14.97 5.21 5.78 8.34 6.70 01.11.99

FTSE 250 Mid Index 1.85 9.15 2.80 -0.79 6.67 4.54 3.87 8.00 6.14

Difference -0.52 -3.10 5.59 -0.28 8.30 0.67 1.91 0.34 0.56

UK Equity_5RLP UK Smaller Companies 1.00% 1.00% Active 20.91 3.18 18.95 16.96 -7.11 18.19 12.79 9.52 11.98 N/A 29.03.10

FTSE Small Cap (ex Inv Trusts) Index 10.91 20.33 1.58 -6.49 6.84 10.66 6.25 10.70 N/A

Difference -7.73 -1.38 15.38 -0.62 11.35 2.13 3.27 1.28 N/A

UK Equity_6RLP UK Opportunities 1.00% 1.00% Active 23.24 5.17 8.82 3.83 -5.58 3.16 5.91 2.97 5.50 N/A 29.03.10


Difference -9.71 6.35 6.24 -6.27 -0.20 1.19 -0.66 -0.35 N/A

UK Equity_7RLP/Baillie Gifford UK Equity 4 1.37% 1.39% Active 19.09 0.09 11.90 -0.95 -0.74 8.87 3.52 3.69 6.35 N/A 12.01.08

FTSE All Share Index 12.09 1.32 0.06 -0.23 3.94 4.36 3.34 5.40 N/A

Difference -12.00 10.58 -1.01 -0.51 4.93 -0.84 0.35 0.95 N/A

UK Equity_8RLP/BlackRock ACS UK Equity Index 1.00% 1.00% Active 16.73 12.82 3.41 -2.58 -0.66 3.95 4.36 3.25 5.65 4.20 31.05.02


Difference -2.06 0.94 -0.17 -1.35 0.59 -0.36 -0.38 -0.20 -0.23

UK Equity_9RLP/Dimensional UK Core Equity 1.11% 1.16% Active 18.23 13.07 5.25 -2.88 0.28 4.27 4.94 3.86 N/A N/A 06.03.15

FTSE All-Share Index 14.75 2.36 -2.52 0.58 3.24 4.61 3.52 N/A N/A

Difference -1.68 2.89 -0.36 -0.30 1.03 0.33 0.34 N/A N/A

UK Equity_10RLP/BlackRock UK Equity 1.35% 1.38% Active 17.93 6.60 7.17 5.43 0.25 6.49 6.39 5.15 6.98 N/A 21.01.08


Difference -7.87 5.06 8.19 -0.09 3.49 2.03 1.88 1.50 N/A

Fund Details Percentage Change

10

Years

15

Years

10

Years

15

Years


3

Years

5

Years

3

Years

5

Years



UK EQUITY CONTINUED




UK Equity_11RLP/Schroder UK Multi-Cap Income 1.35% 2.22% Active 20.50 2.24 0.89 -0.14 0.27 -0.14 0.99 0.62 N/A N/A 08.05.12

FTSE All Share Index 14.47 2.11 -2.76 0.34 3.00 4.36 3.27 N/A N/A

Difference -12.23 -1.22 2.62 -0.07 -3.14 -3.37 -2.65 N/A N/A

UK Equity_12RLP/Fidelity UK Select 1.70% 1.87% Active 16.62 11.34 3.24 2.89 1.31 4.37 5.75 4.57 5.67 4.67 29.06.98

FTSE All Share Index 14.07 1.75 -3.10 -0.01 2.64 3.99 2.91 5.11 3.70

Difference -2.73 1.49 5.99 1.32 1.73 1.76 1.66 0.56 0.97

UK Equity_13RLP/Invesco High Income 1.87% 1.87% Active 20.86 12.14 -12.32 -10.52 -2.37 -4.19 -4.17 -3.82 3.02 N/A 28.11.11

FTSE All Share Index 14.07 1.75 -3.10 -0.01 2.64 3.99 2.91 5.11 N/A

Difference -1.93 -14.07 -7.42 -2.36 -6.83 -8.16 -6.73 -2.09 N/A

UK Equity_14RLP/Ninety One UK Special Situations 1.70% 1.77% Active 29.57 5.34 3.73 -3.43 4.31 -0.36 1.81 1.86 5.17 N/A 28.11.11


Difference -8.73 1.98 -0.33 4.32 -3.00 -2.18 -1.05 0.06 N/A

UK Equity_15RLP/M&G Recovery 1.80% 1.80% Active 25.48 -2.07 12.78 -16.77 -3.45 3.98 -2.76 -1.59 0.73 N/A 29.03.10


Difference -16.03 11.13 -13.58 -3.34 1.45 -6.65 -4.40 -4.27 N/A

UK Equity_16RLP/Schroder Income Maximiser 1.70% 1.86% Active 19.84 22.05 2.20 -13.70 1.30 6.25 2.48 2.99 6.39 N/A 29.03.10


Difference 7.98 0.45 -10.60 1.31 3.61 -1.51 0.08 1.28 N/A

UK Equity_17RLP UK Equity Core Plus (Close TEAMS UK Equities (1%)) 6 1.35% 1.38% Active 21.84 -1.63 4.68 4.35 1.85 6.44 2.42 3.10 5.45 4.24 31.05.02

FTSE All Share Index 8.05 -1.96 2.84 0.35 4.17 2.90 2.63 5.06 3.54

Difference -9.68 6.64 1.51 1.50 2.27 -0.48 0.47 0.39 0.70

UK Equity_18RLP UK Equity Core Plus (Close TEAMS UK Equities (2%)) 6 1.60% 1.65% Active 25.42 -9.71 10.79 4.83 3.11 8.93 1.60 3.33 5.53 4.61 31.05.02

FTSE All Share Index 7.78 -2.20 2.58 0.10 3.91 2.64 2.38 4.79 3.28

Difference -17.49 12.99 2.25 3.01 5.02 -1.04 0.95 0.74 1.33

UK Equity_19RLP UK Equity Core Plus (JPM UK Equity Growth) 5 1.70% 1.78% Active 17.50 1.80 7.41 3.27 -0.52 1.33 4.13 2.62 6.00 4.81 29.06.98


Difference -12.27 5.66 6.37 -0.51 -1.31 0.14 -0.29 0.89 1.11

UK Equity_20RLP UK Equity Specialist (Baillie Gifford UK Equity Alpha) 4 5 1.50% 1.51% Active 22.47 -19.93 13.94 4.04 -5.49 1.23 -1.72 -1.91 3.12 2.72 31.03.06


Difference -31.88 12.75 4.11 -5.13 -2.57 -5.94 -5.12 -2.14 -1.10

UK Equity_21RLP UK Equity Specialist (Fidelity UK Opportunities) 5 1.34% 1.51% Active 20.08 5.00 16.61 -5.15 -4.89 5.28 5.11 3.06 7.61 4.64 29.06.98


Difference -9.19 14.75 -2.15 -4.98 2.54 1.01 0.05 2.40 0.83

UK Equity_22RLP UK Income Core Plus (Artemis Income) 1.70% 1.76% Active 16.69 11.45 5.99 0.26 -0.66 5.72 5.80 4.46 7.10 5.33 31.03.06

FTSE 350 Higher Yield Index 18.73 -1.28 -8.55 0.97 0.52 2.34 1.70 4.36 2.54

Difference -7.28 7.27 8.81 -1.63 5.20 3.46 2.76 2.74 2.79

5

Years

10

Years

15

Years


3

Years

UK EQUITY CONTINUED




UK Equity_23RLP UK Income Specialist (Fidelity Moneybuilder Dividend) 5 1.30% 1.47% Active 13.85 18.21 -2.91 -0.05 1.68 -5.62 4.68 1.94 5.93 4.91 31.03.06

FTSE 350 Higher Yield Index 19.21 -0.88 -8.19 1.38 0.93 2.75 2.11 4.78 2.95

Difference -1.00 -2.03 8.14 0.30 -6.55 1.93 -0.17 1.15 1.96

UK Equity_24RLP UK Mid Cap Specialist (Franklin UK Mid Cap) 5 1.70% 1.78% Active 23.54 -1.44 -1.28 10.74 -0.95 14.67 2.52 4.12 8.05 4.56 31.03.06

FTSE 250 Mid Index 1.14 8.39 2.08 -1.48 5.93 3.82 3.15 7.24 5.40

Difference -2.58 -9.67 8.66 0.53 8.74 -1.30 0.97 0.81 -0.84

UK Equity_25

RLP UK Small Cap Specialist (Ninety One UK Smaller Companies)

1.70% 1.77% Active 22.21-3.66 29.61 8.88 -4.91 20.28 10.77 9.22 10.70 9.67

31.03.06

FTSE Small Cap (ex Inv Trusts) Index 10.13 19.49 0.87 -7.14 6.09 9.89 5.51 9.92 3.93

Difference -13.79 10.12 8.01 2.23 14.19 0.88 3.71 0.78 5.74

US EQUITY




US Equity_1RLP American Tilt 4 1.00% 1.00% Active 14.83 15.92 23.33 9.21 6.54 4.73 16.00 11.73 14.81 11.31 01.03.84

FTSE USA Index 18.92 19.86 11.84 6.95 5.14 16.83 12.39 15.30 11.90

Difference -3.00 3.47 -2.63 -0.41 -0.41 -0.83 -0.66 -0.49 -0.59

US Equity_2RLP/BlackRock ACS US Equity Index 1.00% 1.00% Active 15.28 15.20 24.14 9.18 6.96 5.54 15.99 12.00 15.07 11.59 31.05.02

FTSE USA Index 17.90 20.71 11.81 7.32 4.86 16.73 12.35 15.42 11.82

Difference -2.70 3.43 -2.63 -0.36 0.68 -0.74 -0.35 -0.35 -0.23

US Equity_3RLP/FTF Royce US Smaller Companies 1.70% 1.87% Active 23.81 1.38 34.40 -1.62 4.88 -3.03 10.25 6.39 8.72 N/A 29.03.10

Russell 2000 Index -3.71 35.62 -2.67 7.53 -1.87 8.32 6.04 11.23 N/A

Difference 5.09 -1.22 1.05 -2.65 -1.16 1.93 0.35 -2.51 N/A

US Equity_4RLP/Liontrust US Opportunities 1.70% 1.85% Active 17.20 10.41 24.27 15.73 8.90 11.32 16.65 13.99 13.95 N/A 28.11.11

S&P 500 Index 19.23 17.92 10.76 6.61 3.98 15.90 11.53 14.63 N/A

Difference -8.82 6.35 4.97 2.29 7.34 0.75 2.46 -0.68 N/A

US Equity_5RLP/Schroder US Mid Cap 1.70% 1.86% Active 18.58 4.69 21.05 3.01 5.16 -4.00 9.28 5.67 11.89 N/A 26.10.09

Russell 2500 Index 2.85 31.05 0.53 8.32 -1.29 10.65 7.69 12.19 N/A

Difference 1.84 -10.00 2.48 -3.16 -2.71 -1.37 -2.02 -0.30 N/A

US Equity_6RLP US Core Plus (Jupiter North American Equity) 5 1.70% 1.90% Active 15.32 14.76 23.56 3.00 4.33 2.92 13.45 9.41 11.56 7.79 31.03.06

S&P 500 Index 19.23 17.92 10.76 6.61 3.98 15.90 11.53 14.63 10.98

Difference -4.47 5.64 -7.76 -2.28 -1.06 -2.45 -2.12 -3.07 -3.19

15

Years


Fund Details

3

Years

5

Years

10

Years

15

Years

3

Years

5

Years

10

Years


EUROPEAN EQUITY




European Equity_1RLP European 1.00% 1.00% Active 16.07 6.58 15.67 5.46 -5.86 11.73 9.14 6.46 8.16 5.80 01.03.84

FTSE Europe ex UK Index 7.84 13.30 5.47 -4.23 11.58 8.81 6.60 8.56 5.59

Difference -1.26 2.37 -0.01 -1.63 0.15 0.33 -0.14 -0.40 0.21

European Equity_2RLP/BlackRock ACS European Equity Index 1.00% 1.00% Active 16.54 5.05 14.40 4.94 -3.81 11.52 8.04 6.23 8.18 5.20 31.05.02

FTSE AW Developed Europe ex UK Index 7.92 13.45 5.63 -3.87 11.42 8.94 6.73 8.75 5.72

Difference -2.87 0.95 -0.69 0.06 0.10 -0.90 -0.50 -0.57 -0.52

European Equity_3RLP/Schroder European Recovery 1.70% 1.90% Active 24.48 8.87 13.33 -6.06 -8.24 11.52 5.04 3.47 7.23 N/A 28.11.11

FTSE World Europe Ex UK Index 7.09 12.51 4.73 -4.90 10.80 8.05 5.86 7.81 N/A

Difference 1.78 0.82 -10.79 -3.34 0.72 -3.01 -2.39 -0.58 N/A

European Equity_4RLP Europe Core Plus (Fidelity European Blended) 1.70% 1.87% Active 15.63 5.38 10.30 5.80 -3.42 13.94 7.13 6.23 7.91 5.55 31.03.06


Difference -1.71 -2.21 1.07 1.48 3.14 -0.92 0.37 0.10 0.70

European Equity_5RLP Europe Specialist (Columbia Threadneedle European Select) 5 1.70% 1.75% Active 16.04 -0.37 20.04 11.21 -3.34 14.79 9.96 8.09 9.16 4.33 31.03.06


Difference -7.52 7.47 6.43 1.51 3.93 1.85 2.18 1.30 -0.57

European Equity_6RLP/Jupiter European Special Situations 1.70% 1.94% Active 16.75 -1.01 10.13 7.99 -10.13 8.36 5.58 2.77 6.72 N/A 28.11.11

FTSE World Europe ex UK Index 7.09 12.51 4.73 -4.90 10.80 8.05 5.86 7.81 N/A

Difference -8.10 -2.38 3.26 -5.23 -2.44 -2.47 -3.09 -1.09 N/A

ASIAN EQUITY




Asian Equity_1RLP Far East (Ex Japan) Tilt 1.00% 1.00% Active 15.91 1.59 27.09 0.47 -2.04 8.10 9.05 6.55 7.02 7.75 31.05.02

FTSE Asia Pacific (ex Japan) Index 1.46 27.48 1.50 -2.68 9.03 9.49 6.85 7.43 8.07

Difference 0.13 -0.39 -1.03 0.64 -0.93 -0.44 -0.30 -0.41 -0.32

Asian Equity_2RLP Japan Tilt 1.00% 1.00% Active 13.12 -3.25 21.03 0.42 -6.61 8.77 5.54 3.61 7.41 4.78 31.05.02

FTSE Japan Index -1.55 16.81 3.45 -7.91 9.61 5.96 3.73 7.91 4.29

Difference -1.70 4.22 -3.03 1.30 -0.84 -0.42 -0.12 -0.50 0.49

Asian Equity_3RLP Pacific Tilt 1.00% 1.00% Active 12.91 -0.77 24.32 0.61 -5.14 8.47 7.46 5.01 6.92 6.21 01.03.84

FTSE Asia Pacific Index 0.05 22.16 2.52 -5.43 9.35 7.80 5.32 7.69 6.15

Difference -0.82 2.16 -1.91 0.29 -0.88 -0.34 -0.31 -0.77 0.06

Asian Equity_4RLP/Fidelity Asia 1.70% 1.89% Active 15.05 -16.52 36.20 7.49 -4.13 22.68 6.91 7.52 8.47 N/A 28.11.11

MSCI AC Asia Pacific Ex Japan Index -9.78 25.46 2.77 -5.10 13.28 5.17 4.57 5.89 N/A

Difference -6.74 10.74 4.72 0.97 9.40 1.74 2.95 2.58 N/A

Asian Equity_5RLP Asia Pacific Core Plus (Stewart Investors Asia Pacific Leaders Sustainability) 1.80% 1.80% Active 12.21 3.48 24.98 0.73 2.62 5.23 9.21 7.06 8.63 N/A 26.10.09

MSCI AC Asia (ex Japan) Index -9.87 25.33 2.67 -5.20 13.16 5.06 4.47 5.78 N/A

Difference 13.35 -0.35 -1.94 7.82 -7.93 4.15 2.59 2.85 N/A

Asian Equity_6RLP Asia Pacific Core Plus (Invesco Asian) 1.90% 1.90% Active 15.97 -5.04 38.51 -3.03 -6.26 18.59 8.44 7.23 9.52 9.90 31.03.06

MSCI AC Asia (ex Japan) Index -9.78 25.46 2.77 -5.10 13.28 5.17 4.57 5.89 6.76

Difference 4.74 13.05 -5.80 -1.16 5.31 3.27 2.66 3.63 3.14

Percentage Change


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Compound Annual Growth Rate (%)Fund Details

ASIAN EQUITY CONTINUED




Asian Equity_7RLP/BlackRock ACS Japanese Equity Index 1.00% 1.00% Active 13.55 -3.02 21.38 0.32 -6.75 9.07 5.69 3.73 7.59 N/A 21.01.08

FTSE Japan Index -1.55 16.81 3.45 -7.91 9.61 5.96 3.73 7.91 N/A

Difference -1.47 4.57 -3.13 1.16 -0.54 -0.27 0.00 -0.32 N/A

Asian Equity_8RLP/BlackRock Pacific Rim Equity Index 1.00% 1.00% Active 15.79 1.41 30.01 -0.19 -2.65 9.22 9.58 6.95 7.36 N/A 21.01.08

FTSE World Asia Pacific (ex Japan) Index 1.46 27.48 1.50 -2.68 8.51 9.49 6.75 7.28 N/A

Difference -0.05 2.53 -1.69 0.03 0.71 0.09 0.20 0.08 N/A

Asian Equity_9RLP Japan Core Plus (Baillie Gifford Japanese Income Growth) 4 5 1.57% 1.58% Active 12.77 -6.41 16.05 -2.88 -9.64 6.39 1.80 0.28 6.37 4.47 31.03.06

Topix Index -5.29 16.63 1.87 -8.18 9.69 4.02 2.54 6.79 3.39

Difference -1.12 -0.58 -4.75 -1.46 -3.30 -2.22 -2.26 -0.42 1.08

Asian Equity_10RLP Japan Specialist (Baillie Gifford Japanese) 4 5 1.57% 1.57% Active 14.45 -9.76 12.56 -10.44 -9.21 6.40 -3.10 -2.55 4.70 1.61 31.03.06

Topix Index -5.29 16.63 1.87 -8.18 9.69 4.02 2.54 6.79 3.39

Difference -4.47 -4.07 -12.31 -1.03 -3.29 -7.12 -5.09 -2.09 -1.78

GLOBAL EQUITY




Global Equity_1RLP Global Equity 1.00% 1.00% Active 14.35 11.76 13.17 2.96 1.57 5.23 9.19 6.83 8.76 6.61 31.05.02


Difference -2.80 2.21 -0.09 -0.24 0.19 -0.22 -0.14 -0.36 -0.49

Global Equity_2RLP Global Equity Diversified 1.00% 1.00% Active N/A 16.70 19.17 N/A N/A N/A N/A N/A N/A N/A 03.06.19

MSCI World Index 14.74 17.57 N/A N/A N/A N/A N/A N/A N/A

Difference 1.96 1.60 N/A N/A N/A N/A N/A N/A N/A

Global Equity_3RLP Global Equity Select 1.00% 1.00% Active N/A 22.73 26.65 N/A N/A N/A N/A N/A N/A N/A 03.06.19

MSCI World Index 14.74 17.57 N/A N/A N/A N/A N/A N/A N/A

Difference 7.99 9.08 N/A N/A N/A N/A N/A N/A N/A

Global Equity_4RLP Global Managed 1.00% 1.00% Active 14.64 9.75 13.41 2.02 0.47 6.09 8.28 6.23 8.47 6.60 01.03.84


Difference -2.03 3.11 -0.87 -0.94 0.83 0.03 -0.02 -0.10 0.01

Global Equity_5RLP Global Sustainable Equity 1.00% 1.00% Active N/A 8.53 N/A N/A N/A N/A N/A N/A N/A N/A 09.11.20

MSCI All Countries World Net Total Return Index TR 11.68 N/A N/A N/A N/A N/A N/A N/A N/A


Global Equity_6RLP Worldwide 1.00% 1.00% Active 13.71 11.26 21.22 6.63 2.17 5.96 12.86 9.25 11.40 8.65 01.06.89

FTSE World Index 13.85 17.87 7.88 2.45 6.27 13.12 9.52 11.60 8.91

Difference -2.59 3.35 -1.25 -0.28 -0.31 -0.26 -0.27 -0.20 -0.26

Global Equity_7RLP/Baillie Gifford UK & Worldwide Equity 4 1.40% 1.42% Active 17.49 -8.85 34.46 4.03 0.47 13.37 8.43 7.74 9.66 N/A 21.01.08

Composite Benchmark 8.63 8.73 2.58 -0.58 6.67 6.61 5.14 7.11 N/A

Difference -17.48 25.73 1.45 1.05 6.70 1.82 2.60 2.55 N/A

Global Equity_8RLP/BlackRock ACS Global Blend 1.00% 1.00% Active 14.91 9.43 12.48 2.17 1.48 5.19 7.93 6.06 8.54 N/A 12.01.09

Composite Benchmark 11.78 10.17 2.89 1.41 5.26 8.20 6.23 8.56 N/A

Difference -2.35 2.31 -0.72 0.07 -0.07 -0.27 -0.17 -0.02 N/A

Global Equity_9RLP/BlackRock ACS Global Equity Index (50:50) 1.00% 1.00% Active 14.94 9.36 11.95 0.95 -0.56 6.33 7.31 5.49 7.94 6.04 30.05.03


Difference -2.25 0.79 -1.05 -0.95 0.31 -0.85 -0.64 -0.63 -0.78

Global Equity_10RLP/BlackRock ACS Global Equity Index (60:40) 1.00% 1.00% Active 15.23 10.17 10.10 0.26 -0.62 5.74 6.73 5.02 7.45 5.67 31.05.02


Difference -2.10 0.67 -0.85 -1.09 0.24 -0.76 -0.63 -0.59 -0.70

Global Equity_11RLP/BlackRock ACS World (ex UK) Equity Index 1.00% 1.00% Active 14.47 11.37 21.50 7.10 2.82 6.58 13.15 9.69 12.20 N/A 21.01.08

FTSE AW ex UK (Developed) 13.69 18.91 8.95 3.10 6.25 13.76 10.03 12.50 N/A

Difference -2.32 2.59 -1.85 -0.28 0.33 -0.61 -0.34 -0.30 N/A

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GLOBAL EQUITY CONTINUED




Global Equity_12RLP/Dimensional Global Core Equity 1.17% 1.21% Active 15.69 13.94 18.46 4.62 2.01 3.69 12.18 8.35 N/A N/A 06.03.15

MSCI World Index 14.55 17.37 8.30 3.41 5.33 13.33 9.66 N/A N/A

Difference -0.61 1.09 -3.68 -1.40 -1.64 -1.15 -1.31 N/A N/A

Global Equity_13RLP/Dimensional Global Targeted Value 1.40% 1.44% Active 22.72 14.73 23.71 -6.75 -5.17 0.54 9.79 4.76 N/A N/A 06.03.15

MSCI World SMID Value Index 5.78 23.24 1.95 -0.08 5.20 9.93 6.91 N/A N/A

Difference 8.95 0.47 -8.70 -5.09 -4.66 -0.14 -2.15 N/A N/A

Global Equity_14RLP/Fidelity Special Situations Blended 1.70% 1.86% Active 17.78 10.50 14.02 -0.08 -0.78 7.77 7.97 6.12 10.10 6.85 18.09.06


Difference -3.70 3.90 -2.75 -2.49 3.85 -0.91 -0.29 1.42 0.39

Global Equity_15RLP/First Sentier Global Listed Infrastructure 1.70% 1.74% Active 13.25 12.98 -6.99 9.91 12.70 -5.65 4.92 4.19 9.10 N/A 28.11.11

FTSE Global Core Infrastructure 50/50 17.72 -9.31 8.98 14.79 -4.96 5.17 4.88 8.95 N/A

Difference -4.74 2.32 0.93 -2.09 -0.69 -0.25 -0.69 0.15 N/A

Global Equity_16RLP Global Blend Core Plus (RLP Global Growth) 5 1.76% 1.76% Active 16.74 -4.76 19.84 5.51 -0.66 7.82 6.39 5.22 7.69 5.48 31.05.02


Difference -16.63 9.86 3.07 -1.65 3.07 -1.62 -0.70 -0.47 -0.68

Global Equity_17RLP Global Managed Equity Specialist (Invesco Global Equity) 1.77% 1.77% Active 16.20 14.69 16.89 -3.50 -7.62 10.32 8.95 5.68 9.20 7.05 29.06.98


Difference 0.75 7.41 -5.38 -8.73 6.07 0.64 -0.34 1.05 0.83

Global Equity_18RLP Global Managed Equity Specialist (Ninety One Global Strategic Equity) 1.70% 1.78% Active 15.61 7.73 26.36 -1.63 -0.88 13.13 10.21 8.47 11.21 7.64 31.03.06


Difference -6.09 16.99 -3.41 -1.89 8.98 2.01 2.56 3.16 1.53

Global Equity_19RLP/HSBC Islamic Global Equity Index 1.00% 1.25% Active 14.79 15.52 24.03 15.97 6.22 6.68 18.43 13.49 13.37 N/A 21.01.08

Dow Jones Islamic Titans 100 Index 15.49 23.15 15.04 5.41 4.93 17.82 12.59 12.24 N/A

Difference 0.03 0.88 0.93 0.81 1.75 0.61 0.90 1.13 N/A

Global Equity_20RLP/Jupiter Ecology 1.70% 1.73% Active 16.75 2.47 26.61 8.08 -3.68 5.27 11.92 7.29 8.77 N/A 29.03.10

FTSE World Index 13.06 17.05 7.13 1.74 5.53 12.33 8.76 10.82 N/A

Difference -10.59 9.56 0.95 -5.42 -0.26 -0.41 -1.47 -2.05 N/A

Global Equity_21RLP/Jupiter Merlin Worldwide Portfolio 4 1.70% 2.72% Active 14.03 4.78 12.68 4.82 1.31 5.87 7.36 5.83 7.30 N/A 29.03.10

IA Global Sector Average 5.55 20.13 10.35 1.75 8.51 11.86 9.09 10.76 N/A

Difference -0.77 -7.45 -5.53 -0.44 -2.64 -4.50 -3.26 -3.46 N/A

Global Equity_22RLP/M&G Global Themes 1.85% 1.85% Active 14.60 8.95 20.66 13.31 -1.76 8.14 14.19 9.61 6.93 N/A 29.03.10

MSCI AC World Index 10.90 17.55 6.93 1.54 6.03 11.70 8.45 10.45 N/A

Difference -1.95 3.11 6.38 -3.30 2.11 2.49 1.16 -3.52 N/A

Global Equity_23RLP/M&G Global Dividend 1.85% 1.85% Active 17.10 11.94 20.37 -0.52 2.69 3.48 10.25 7.33 N/A N/A 18.02.13

MSCI AC World Index 10.90 17.55 6.93 1.54 6.03 11.70 8.45 N/A N/A

Difference 1.04 2.82 -7.45 1.15 -2.55 -1.45 -1.12 N/A N/A

Global Equity_24RLP/Liontrust Global Equity 1.70% 1.84% Active 15.85 -3.86 27.35 15.08 -3.92 18.52 12.09 9.91 8.00 N/A 29.03.10

MSCI World Index 10.44 16.99 6.35 0.99 5.48 11.17 7.91 9.87 N/A

Difference -14.30 10.36 8.73 -4.91 13.04 0.92 2.00 -1.87 N/A

Global Equity_25RLP/BNY Mellon Global Income 1.70% 1.82% Active 14.86 15.01 2.36 11.18 5.84 0.30 9.38 6.80 9.97 N/A 29.03.10

FTSE World Index 13.06 17.05 7.13 1.74 5.53 12.33 8.76 10.82 N/A

Difference 1.95 -14.69 4.05 4.10 -5.23 -2.95 -1.96 -0.85 N/A

Global Equity_26RLP/Sarasin Food & Agriculture Opportunities 1.70% 1.94% Active 17.40 -3.91 12.64 -0.49 2.64 12.34 2.51 4.43 N/A N/A 18.02.13

Not Available

Difference N/A N/A N/A N/A N/A N/A N/A N/A N/A


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Benchmark performance figures unavailable


GLOBAL EQUITY CONTINUED




Global Equity_27RLP/Schroder Global Equity 1.35% 2.25% Active 15.01 -3.31 20.44 6.29 0.62 3.24 7.36 5.15 N/A N/A 08.05.12

FTSE All World (ex UK) Index 11.05 18.69 7.98 1.60 6.69 12.47 9.05 N/A N/A

Difference -14.36 1.75 -1.69 -0.98 -3.45 -5.11 -3.90 N/A N/A

Global Equity_28RLP/UBS Global Blend (50:50) 1.60% 1.75% Active 18.68 12.81 13.83 -4.20 -1.99 7.22 7.14 5.26 7.70 N/A 21.01.08

Composite Benchmark 14.32 10.23 2.77 1.81 4.02 8.99 6.52 8.79 N/A

Difference -1.51 3.60 -6.97 -3.80 3.20 -1.85 -1.26 -1.09 N/A

EMERGING MARKETS EQUITY




Emerging Market Equity_1RLP/BlackRock Emerging Markets Tracker 1.14% 1.14% Active 14.41 -6.42 22.61 0.68 -6.98 13.71 4.92 4.09 N/A N/A 18.02.13

FTSE Custom Emerging Net Midday Index -4.97 21.62 1.97 -6.67 13.51 5.62 4.53 N/A N/A

Difference -1.45 0.99 -1.29 -0.31 0.20 -0.70 -0.44 N/A N/A

Emerging Market Equity_2RLP/Dimensional Emerging Markets Core Equity 1.33% 1.42% Active 15.93 1.96 22.87 -3.80 -7.92 12.61 6.41 4.55 N/A N/A 06.03.15

MSCI Emerging Markets Index -7.88 23.07 1.21 -7.53 16.72 4.69 4.37 N/A N/A

Difference 9.84 -0.20 -5.01 -0.39 -4.11 1.72 0.18 N/A N/A

Emerging Market Equity_3RLP Emerging Markets ESG Leaders Equity Tracker 1.00% 1.00% Active 15.88 -11.33 29.28 1.90 N/A N/A 5.32 N/A N/A N/A 25.06.18

MSCI Emerging Markets ESG Leaders Index -9.31 26.46 3.57 N/A N/A 5.90 N/A N/A N/A

Difference -2.02 2.82 -1.67 N/A N/A -0.58 N/A N/A N/A

Emerging Market Equity_4RLP Emerging Markets Specialist (Fidelity Emerging Markets) 5 1.70% 1.92% Active 14.95 -15.53 10.50 -13.29 -7.15 6.70 -6.80 -4.32 1.65 N/A 28.04.08

MSCI Emerging Markets Index -8.31 22.49 0.73 -7.97 16.17 4.20 3.88 3.55 N/A

Difference -7.22 -11.99 -14.02 0.82 -9.47 -11.00 -8.20 -1.90 N/A

Emerging Market Equity_5RLP Emerging Markets Core Plus (JPM Emerging Markets) 1.70% 1.78% Active 17.26 -19.75 36.00 10.15 -5.22 20.81 6.32 6.60 5.35 N/A 28.04.08

MSCI Emerging Markets Index -8.22 22.62 0.83 -7.87 16.29 4.30 3.98 3.66 N/A

Difference -11.53 13.38 9.32 2.65 4.52 2.02 2.62 1.69 N/A

Emerging Market Equity_6RLP/Fidelity Emerging Europe, Middle East and Africa 1.70% 2.04% Active 31.17 -24.46 19.81 -1.60 -14.60 18.70 -3.79 -2.02 1.35 N/A 29.03.10

MSCI Emerging EMEA NR Index 8.02 2.84 -7.39 -12.26 12.79 0.95 0.36 -0.47 N/A

Difference -32.48 16.97 5.79 -2.34 5.91 -4.74 -2.38 1.82 N/A

Emerging Market Equity_7RLP/Henderson China Opportunities 1.70% 1.91% Active 16.16 -25.36 31.32 5.17 -10.20 33.74 1.02 4.36 7.79 N/A 29.03.10

MSCI Zhong Hua Index -26.76 24.82 3.17 -6.20 25.29 -1.93 2.08 5.21 N/A

Difference 1.40 6.50 2.00 -4.00 8.45 2.95 2.28 2.58 N/A

Emerging Market Equity_8RLP/JPMorgan Emerging Europe Equity 5 1.70% 1.85% Active 27.62 -28.22 -2.09 11.64 -9.86 10.56 -7.76 -4.80 -2.61 N/A 29.03.10

MSCI Emerging Markets Europe Index -31.37 -4.89 3.23 -7.91 15.78 -12.32 -6.40 -4.64 N/A

Difference 3.15 2.80 8.41 -1.95 -5.22 4.56 1.60 2.03 N/A

Emerging Market Equity_9RLP/Jupiter India 1.70% 1.94% Active 22.70 17.56 9.36 -1.60 -22.37 1.00 8.14 -0.16 6.66 N/A 29.03.10

MSCI India Index 19.53 16.35 3.27 -4.03 7.59 12.81 8.19 7.78 N/A

Difference -1.97 -6.99 -4.87 -18.34 -6.59 -4.67 -8.35 -1.12 N/A

Emerging Market Equity_10RLP/Columbia Threadneedle Latin America 1.70% 1.89% Active 30.14 -8.84 -2.91 -8.80 -3.38 5.79 -6.88 -3.77 -4.15 N/A 29.03.10

MSCI Emerging Markets Latin America 10/40 Index 17.89 -15.45 -9.44 -2.98 7.88 -3.35 -1.13 -2.20 N/A

Difference -26.73 12.54 0.64 -0.40 -2.09 -3.53 -2.64 -1.95 N/A



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SPECIALIST




Specialist_1RLP Absolute Return Government Bond 1.00% 1.00% Active 2.13 -1.15 0.95 1.17 -0.74 0.21 0.32 0.08 N/A N/A 29.06.15


Difference -0.25 1.87 1.46 -0.34 0.91 1.02 0.72 N/A N/A

Specialist_2RLP Cash Plus 1.00% 1.00% Active 0.49 -0.95 -0.21 0.32 -0.21 -0.42 -0.28 -0.30 -0.14 N/A 28.11.11

Overnight Cash Rate (SONIA) -0.90 -0.92 -0.31 -0.39 -0.68 -0.71 -0.64 -0.59 N/A

Difference -0.05 0.71 0.63 0.18 0.26 0.43 0.34 0.45 N/A

Specialist_3RLP Commodity 1.00% 1.00% Active 13.46 32.66 9.02 -8.17 -3.09 -8.47 9.91 3.33 N/A N/A 13.06.16

Bloomberg Commodity Total Return Index 38.68 8.83 -8.30 -3.26 -9.17 11.43 3.99 N/A N/A

Difference -6.02 0.19 0.13 0.17 0.70 -1.52 -0.66 N/A N/A

Specialist_4RLP Enhanced Cash Plus 1.00% 1.00% Active 1.09 -1.35 0.21 1.16 0.11 -0.21 0.00 -0.02 N/A N/A 13.06.16


Difference -0.45 1.13 1.47 0.50 0.47 0.71 0.62 N/A N/A

Specialist_5RLP Multi Asset Strategies 1.00% 1.00% Active N/A 1.84 1.09 N/A N/A N/A N/A N/A N/A N/A 24.06.19

Sterling Overnight Index (SONIA) + 4% 3.06 3.04 N/A N/A N/A N/A N/A N/A N/A

Difference -1.22 -1.95 N/A N/A N/A N/A N/A N/A N/A

Specialist_6RLP/BlackRock Gold and General 1.83% 2.00% Active 33.10 6.76 4.54 29.36 2.34 -21.60 13.01 2.98 -3.09 N/A 26.10.09

FTSE Gold Mines Index 13.73 3.09 27.85 5.82 -18.94 14.43 5.15 -3.62 N/A

Difference -6.97 1.45 1.51 -3.48 -2.66 -1.42 -2.17 0.53 N/A

Specialist_7RLP/Ninety One Global Environment 1.70% 1.84% Active 24.81 -1.33 10.77 -16.71 2.22 -13.36 -3.08 -4.21 -3.99 N/A 29.03.10

MSCI World/Energy Index 47.87 -4.94 -20.47 4.75 -7.49 3.79 1.61 1.88 N/A

Difference -49.20 15.71 3.76 -2.53 -5.87 -6.87 -5.82 -5.87 N/A

Specialist_8RLP/JPMorgan Global Macro 1.58% 1.66% Active 3.14 -2.25 6.37 2.36 -7.91 10.05 2.09 1.52 1.82 N/A 26.10.09

ICE 1M LIBOR GBP -1.49 -1.42 -0.85 -0.94 -1.25 -1.25 -1.19 -1.13 N/A

Difference -0.76 7.79 3.21 -6.97 11.30 3.34 2.71 2.95 N/A

Specialist_9RLP/JPMorgan Natural Resources 1.70% 1.75% Active 22.88 24.63 29.26 -14.43 0.44 2.27 11.28 7.20 -1.58 N/A 26.10.09

HSBC Gold Mining & General Index 12.61 3.39 26.26 7.33 -18.24 13.69 5.22 -3.80 N/A

Difference 12.02 25.87 -40.69 -6.89 20.51 -2.41 1.98 2.22 N/A

Specialist_10RLP/Jupiter Financial Opportunities 1.70% 1.93% Active 16.24 -4.51 18.48 12.78 -1.43 15.65 8.45 7.78 9.70 N/A 29.03.10

MSCI ACWI/Financials 18.28 5.91 0.60 -6.91 8.27 8.01 4.90 9.16 N/A

Difference -22.79 12.57 12.18 5.48 7.38 0.44 2.88 0.54 N/A

Specialist_11RLP/BNY Mellon Real Return 1.70% 1.82% Active 8.78 2.07 4.88 9.04 4.23 -2.49 5.28 3.47 2.93 N/A 29.03.10

LIBOR GBP 1 Month + 400 Bps Index 1.62 2.34 2.95 2.88 2.58 2.30 2.47 2.60 N/A

Difference 0.45 2.54 6.09 1.35 -5.07 2.98 1.00 0.33 N/A

Specialist_12RLP/Aberdeen Standard Global Absolute Return Strategies 1.70% 1.80% Active 4.84 -6.00 4.20 4.70 -4.21 0.39 0.84 -0.28 N/A N/A 18.02.13

LIBOR GBP 6 Months Index -1.54 -1.45 -0.84 -0.80 -1.19 -1.28 -1.17 N/A N/A

Difference -4.46 5.65 5.54 -3.41 1.58 2.12 0.89 N/A N/A


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