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2014 FAL 'PASSIVE' KIIDS PORTFOLIOS 1-3Prepared date: 04/04/2014

Portfolio Report

Pound Sterling Accumulation Shares of Vanguard U.K. Investment Grade Bond Index Fund (the “Fund”),

Key Investor InformationThis 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 areadvised to read it so you can make an informed decision about whether to invest.

The Fund is managed by Vanguard Group (Ireland) Limited (“VGIL”), part of the Vanguard group of companies.

Objectives and Investment Policy

Objective

The Fund seeks to provide returns consistent with the performance ofthe Barclays Global Aggregate U.K. Non-Government Float AdjustedBond Index (the “Index”).

Investment policy

• The Index includes investment-grade bonds, excluding government bonds, denominated in UK pounds sterling, with maturities greaterthan one year that pass screening for size and liquidity. Liquiditymeans the extent to which a bond may be bought and sold withoutsignificantly distorting its price. Investment-grade bonds are bondswith a relatively low risk of default.

• The Fund attempts to:1. Sample the Index, meaning that it holds a range of bonds that, inaggregate, approximate the full Index in terms of key risk factors andother characteristics.2. Remain fully invested and hold small amounts of cash except inextraordinary market, political or similar conditions where the Fundmay temporarily depart from this investment policy.

• The Fund may use investment techniques, including financialderivative instruments, to help the Fund stay fully invested and toreduce costs. A financial derivative instrument is an investmentwhose value is based on the price of another investment (such as astock or index).

• Investment in the Fund should be viewed as medium to long term (atleast 5 years).

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

• Shares in the Fund can be sold on a daily basis (save on certain bankholidays or public holidays and subject to certain restrictionsdescribed in Appendix 1 of the Prospectus) by submitting anapplication in writing or by telephone before 12:00 (Irish time) on the relevant dealing day, or, where you hold shares with a platform, bysubmitting an application seeking the sale of your shares before thedealing cut-off time of the respective platform, provided this is beforethe dealing cut-off time for the Fund. A full list of the days on whichShares in the Fund cannot be sold is available onhttps://global.vanguard.com/content/documents/calendar.pdf.

For further information about the objectives and investment policyof the Fund, as well as the limited relationship with the Indexprovider, please see Appendix 1 and Appendix 6 of the VanguardInvestment Series plc prospectus (the “Prospectus”) on ourwebsite at https://global.vanguard.com.

Risk and Reward Profile

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

• The risk category shown is not guaranteed to remain unchanged andmay shift over time.

• The lowest category does not mean “risk free”.• This indicator does not measure the risk that you may lose the

amount you have invested.• The Fund is rated 4 as it invests in investment-grade bonds and is in

a middle category as the values of those investments haveexperienced a moderate rate of change in the past.

Lower risk Higher risk

Typically lower rewards Typically higher rewards

1 2 3 4 5 6 7

The indicator opposite does not take account of the following risks ofinvesting in the Fund:

• No investment guarantee risk. The value of investments may fall aswell as rise, and you may not get back the money you invested.

• Index sampling risk. As the Fund uses an index sampling techniquewhereby a representative sample of securities are selected torepresent the Index, there is the risk that the securities selected forthe Fund may not, in the aggregate, approximate the full Index.

• Bond risk. The Fund invests in bonds which may provide higher yieldsbut as such may carry greater credit risk increasing the risk of defaulton repayment and erosion of the capital value of your investment.The level of income may fluctuate and movements in interest ratesare likely to affect the capital value of bonds.

• Index tracking risk. The Fund is not expected to track or replicate theperformance of the Index at all times with perfect accuracy. The Fundis, however, expected to provide investment results that, beforeexpenses, generally correspond to the price and yield performance ofthe Index.

For further information on risks please see the “Risk Factors”section of the Prospectus on our website athttps://global.vanguard.com.

a sub-fund of Vanguard Investment Series PLC (ISIN: IE00B1S74Q32)

Pound Sterling Accumulation Shares of Vanguard U.K. Investment Grade Bond Index Fund KIID9125en

Charges

The 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.

The entry charge represents a preset dilution levy which covers the transaction costs of the Fund and protects the value of remaining shareholders interests. This charge is paid directly to the Fund and not to VGIL.

The entry and exit charges shown are maximum figures and in some cases you might pay less.

Investors can find out the actual entry and exit fees from their financial adviser.

The ongoing charges figure is based on expenses for the year ended31 December 2012. This figure may vary from year to year. It excludes portfolio transaction costs.

For further information about charges, please see the sectionsentitled “Buying Shares”, “Redeeming Shares”, “Fees andExpenses” and Appendix 1 of the Prospectus on our website athttps://global.vanguard.com.

One-off charges taken before or after you invest

Entry charge 0.75%

Exit charge None

This is the maximum that might be taken out of your money beforeit is invested and before the proceeds of your investment are paidout.

Charges taken from the Fund over a year

Ongoing charges 0.20%

Charges taken from the Fund under specific conditions

Performance fee None

• Shares in the Fund were first issued on 20 March 2007.• Past performance:

1. Is not a reliable indication of future performance.2. Includes ongoing charges and the reinvestment ofincome. It excludes entry and exit fees.3. Has been calculated in UK pounds sterling.

Practical Information

Custodian The Fund’s custodian is J.P. Morgan Bank (Ireland) plc.

Documents, prices ofshares and furtherinformation

You can obtain copies of the Prospectus and the latest annual and semi-annual report and accounts for VanguardInvestment Series plc (“VIS”), along with the latest published prices of shares and other information on the Fund, free ofcharge from Vanguard Investment Series plc c/o J.P. Morgan Administration Services (Ireland) Limited, JPMorgan House,International Financial Services Centre, Dublin 1, Ireland (tel. 353-1-612-3226) or from our website athttps://global.vanguard.com. These documents are available in English only.

VIS is an umbrella fund with segregated liability between sub-funds. This means that the holdings of the Fund aremaintained separately under Irish law from holdings of other sub-funds of VIS and your investment in the Fund will not beaffected by any claims against any other sub-fund of VIS.

You may exchange your shares in the Fund for shares in any other sub-funds of VIS. An entry charge may apply. Detailsof switching are provided in the Prospectus.

Tax Irish tax legislation may have an impact on your personal tax position. You are recommended to consult your professionaltax adviser.

VGIL may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with therelevant parts of the Prospectus.

Past Performance

2008 2009 2010* 2011 2012Fund -5.3 11.7 8.6 7.4 13.6

Index -4.2 11.0 8.6 7.1 13.4

* The Fund's objective and investment policy changed on 01 July 2010.

The Fund is authorised in Ireland and regulated by the Central Bank of Ireland (the “Central Bank”). VGIL is authorised in Ireland and regulated by theCentral Bank.

This key investor information is accurate as at 16 April 2013.

-10

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Pound Sterling Accumulation Shares of Vanguard U.K. Government Bond Index Fund (the “Fund”),




Objective

The Fund seeks to provide returns consistent with the performance ofthe Barclays Global Aggregate U.K. Government Float Adjusted BondIndex (the “Index”).

Investment policy

• The Index includes UK government bonds denominated in UK poundssterling with maturities greater than one year that pass screening forsize and liquidity. Liquidity means the extent to which a bond may bebought and sold without significantly distorting its price.

• The Fund attempts to:1. Replicate the Index, meaning that it holds a range of bonds that, inaggregate, approximate the full Index in terms of key risk factors andother characteristics.2. Remain fully invested and hold small amounts of cash except inextraordinary market, political or similar conditions where the Fundmay temporarily depart from this investment policy.




• Shares in the Fund can be sold on a daily basis (save on certain bankholidays or public holidays and subject to certain restrictionsdescribed in Appendix 1 of the Prospectus) by submitting anapplication in writing or by telephone before 12:00 (Irish time) on the relevant dealing day, or, where you hold shares with a platform, bysubmitting an application seeking the sale of your shares before thedealing cut-off time of the respective platform, provided this is beforethe dealing cut-off time for the Fund. A full list of the days on whichShares in the Fund cannot be sold is available onhttps://global.vanguard.com/content/documents/calendar.pdf.






amount you have invested.• The Fund is rated 4 as it invests in government bonds and is in a

middle category as the values of those investments haveexperienced a moderate rate of change in the past.



1 2 3 4 5 6 7



• Currency risk. The Fund invests in overseas markets and the value ofthe Fund may fall or rise as a result of changes in exchange rates.


• Bond risk. The Fund invests in bonds which may provide higher yieldsbut as such may carry greater credit risk increasing the risk of defaulton repayment and erosion of the capital value of your investment.The level of income may fluctuate and movements in interest ratesare likely to affect the capital value of bonds.


a sub-fund of Vanguard Investment Series PLC (ISIN: IE00B1S75374)

Pound Sterling Accumulation Shares of Vanguard U.K. Government Bond Index Fund KIID9148en

Charges



The ongoing charges figure is based on expenses for the year ended31 December 2012. This figure may vary from year to year. It excludes portfolio transaction costs.



Entry charge None

Exit charge None






• Shares in the Fund were first issued on 23 June 2009.• Past performance:










Past Performance

2008 2009 2010* 2011 2012Fund 7.4 17.0 2.7

Index 7.4 17.0 2.9

* The Fund's objective and investment policy changed on 01 July 2010.


This key investor information is accurate as at 16 April 2013.

0

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Pound Sterling Hedged Accumulation Shares of Vanguard Global Bond Index Fund (the “Fund”),

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



Objective

The Fund seeks to provide returns consistent with the performance ofthe Barclays Global Aggregate Float Adjusted Bond Index (the “Index”).

Investment policy

• The Index includes investment-grade and government bonds fromaround the world with maturities greater than one year, that passscreening for size and liquidity. Liquidity means the extent to which abond may be bought and sold without significantly distorting its price.The Fund will normally maintain a weighted average maturity ofbetween 5 and 10 years.

• The Fund attempts to:1. Sample the Index, meaning that it holds a range of bonds that, inaggregate, approximate the full Index in terms of key risk factors andother characteristics.2. Remain at least 90% invested in bonds held in the Index. The Fundmay hold small amounts of cash and other securities except inextraordinary market, political or similar conditions where the Fundmay temporarily depart from this investment policy.

• The Fund may use investment techniques, including financialderivative instruments, to help the Fund stay fully invested and toreduce costs. A financial derivative instrument is an investmentwhose value is based on the price of another investment (such as astock or index).The Fund invests in securities which are denominatedin multiple currencies. The share class is hedged to reduce the risk ofmovement between the value of the share class currency and USdollar.



• Shares in the Fund can be sold on a daily basis (save on certain bankholidays or public holidays and subject to certain restrictionsdescribed in Appendix 1 of the Prospectus) by submitting anapplication in writing or by telephone before 12:00 (Irish time) on therelevant dealing day, or, where you hold shares with a platform, bysubmitting an application seeking the sale of your shares before thedealing cut-off time of the respective platform, provided this is beforethe dealing cut-off time for the Fund. A full list of the days on whichShares in the Fund cannot be sold is available onhttps://global.vanguard.com/content/documents/calendar.pdf.






amount you have invested.• The Fund is rated 3 as it invests in global bonds and is in a lower

category as the values of those investments have experienced alower rate of change in the past.



1 2 3 4 5 6 7



• Bond risk. The Fund invests in bonds which may provide higher yieldsbut as such may carry greater credit risk increasing the risk of defaulton repayment and erosion of the capital value of your investment. Thelevel of income may fluctuate and movements in interest rates arelikely to affect the capital value of bonds.

• Index sampling risk. As the Fund uses an index sampling techniquewhereby a representative sample of securities are selected torepresent the Index, there is the risk that the securities selected forthe Fund may not, in the aggregate, approximate the full Index.



a sub-fund of Vanguard Investment Series PLC (ISIN: IE00B50W2R13)

Pound Sterling Hedged Accumulation Shares of Vanguard Global Bond Index Fund KIID9142en

Charges


The entry charge represents a preset dilution levy which covers the transaction costs of the Fund and protects the value of remaining shareholders interests. This charge is paid directly to the Fund and not to VGIL.


Investors can find out the actual entry and exit charges from their financial adviser.

The ongoing charges figure is based on expenses for the year ended 31 December 2013. This figure may vary from year to year. It excludes portfolio transaction costs.



Entry charge 0.20%

Exit charge None

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















Past Performance

2009 2010 2011* 2012 2013Fund 8.8 4.6 5.8 -0.1

Index 9.0 4.8 6.1 0.2

* The Fund's objective and investment policy changed on 01 April 2011.


This key investor information is accurate as at 13 February 2014.

-4

0.3

4.7

9

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(%

)

Pound Sterling Accumulation Shares of Vanguard Emerging Markets Stock Index Fund (the “Fund”),

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



Objective

The Fund seeks to track the performance of the Morgan Stanley CapitalInternational (“MSCI”) Emerging Markets Index (the “Index”).

Investment policy

• The Index includes stocks of companies in emerging markets inEurope, Asia, Africa, Latin America and Russia.

• The Fund attempts to:1. Sample the Index by investing in all, or substantially all, of thestocks that make up the Index.2. Remain fully invested and hold small amounts of cash except inextraordinary market, political or similar conditions where the Fundmay temporarily depart from this investment policy.


• This Fund may not be appropriate for investors who plan to withdrawtheir money within 5 years.


• Shares in the Fund can be sold on a daily basis (save on certain bankholidays or public holidays and subject to certain restrictionsdescribed in Appendix 1 of the Prospectus) by submitting anapplication in writing or by telephone before 16:00 (Irish time) on thebusiness day prior to the relevant dealing day, or, where you holdshares with a platform, by submitting an application seeking the saleof your shares before the dealing cut-off time of the respectiveplatform, provided this is before the dealing cut-off time for the Fund.A full list of the days on which Shares in the Fund cannot be sold isavailable onhttps://global.vanguard.com/content/documents/calendar.pdf.






amount you have invested.• The Fund is rated 6 as it invests in equities in emerging markets and

is in a higher category as the values of those investments haveexperienced a higher rate of change in the past.



1 2 3 4 5 6 7


• Emerging-markets risk. The Fund invests in emerging markets, whichmeans that the value of an investment could move more sharply up ordown than the value of investments in developed markets.

• Stock market risk. The value of investments may fall as well as rise,and you may not get back the money you invested.

• Country/political risk. The Fund’s assets may be subject touncertainties such as changes in a country’s 1. government policies;2. taxation; 3. restrictions on foreign investment; 4. currencydecisions; 5. applicable laws and regulations which together with anynatural disasters or political upheaval will weaken a country’s stockmarkets.



a sub-fund of Vanguard Investment Series PLC (ISIN: IE00B50MZ724)

Pound Sterling Accumulation Shares of Vanguard Emerging Markets Stock Index Fund KIID9140en

Charges







Entry charge None

Exit charge None

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















Past Performance

2009 2010 2011 2012 2013Fund 21.7 -18.3 12.5 -4.6

Index 22.6 -17.8 13.0 -4.4


The Fund is not sponsored, endorsed or promoted by MSCI and MSCI bears no liability with respect to the Fund or the Benchmark. For moreinformation, see the Prospectus.


-30

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30

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Accumulation Shares of Vanguard FTSE U.K. Equity Income Index Fund (the “Fund”),


The Fund is managed by Vanguard Investments UK, Limited ("VIUK"), part of the Vanguard group of companies.


Objective

The Fund seeks to track the performance of the FTSE U.K. EquityIncome Index (the “Index”).

Investment policy

• The Index includes stocks of companies listed on the London StockExchange’s main market that are expected to pay dividends thatgenerally are higher than average.

• The Fund attempts to:1. Replicate the Index by investing in all of the component securitiesof the Index, holding each security in approximately the sameproportion as its weighting in the Index.2. Remain fully invested and hold small amounts of cash except inextraordinary market, political or similar conditions where the Fundmay temporarily depart from this investment policy.




• Shares in the Fund can be sold on a daily basis when the LondonStock Exchange is open (subject to certain restrictions described inAppendix 1 of the Prospectus) by submitting an application in writingor by telephone before 12:00 noon (London time) or, where you holdshares with a platform, by submitting an application seeking the saleof your shares before the dealing cut-off time of the respectiveplatform, provided that this is before the dealing cut-off time for theFund. A full list of the days on which Shares in the Fund cannot besold is available onhttps://global.vanguard.com/content/documents/calendar-uk.pdf.

For further information about the objectives and investment policyof the Fund, and Vanguard’s limited relationship with the Indexprovider, please see Appendix 1 and the “Disclaimers” section ofthe Vanguard Investments Funds ICVC prospectus (the“Prospectus”) on our website at https://global.vanguard.com.





amount you have invested.• The Fund is rated 6 as it invests in equities in a single market and is

in a higher category as the values of those investments haveexperienced a higher rate of change in the past.



1 2 3 4 5 6 7



• Investment style/sector risk. The Fund invests in a specific sector orinvestment style. These types of investments tend to go throughcycles of doing better, or worse, than the stock market in general.These periods have, in the past, lasted for as long as several years.

• Charges to capital. Any charges to the investor will be taken fromcapital, not from income. This may increase the level of income paidbut it will result in capital erosion and will constrain growth.



a sub-fund of Vanguard Investments Funds ICVC (ISIN: GB00B59G4H82)

Accumulation Shares of Vanguard FTSE U.K. Equity Income Index Fund KIID9206en

Charges


The entry charge represents Stamp Duty Reserve Tax. This charge is paid directly to the Fund and not to VIUK.




For further information about charges please see the sectionsentitled “Buying Shares”, “Redeeming Shares”, “Charges andExpenses”, ”Dilution Levy” and Appendix 1 of the Prospectus onour website at https://global.vanguard.com.


Entry charge 0.50%

Exit charge None









Depositary The Fund’s depositary is State Street Trustees Limited.


You can obtain copies of the Prospectus and the latest annual and semi-annual report and accounts for VanguardInvestments Funds ICVC (“VIF”), along with the latest published prices of shares and other information on the Fund, freeof charge from Vanguard Investments UK, Limited, P.O. Box 10315, Chelmsford CM99 2AT (tel. 0800 408 2065) or fromour website at https://global.vanguard.com. These documents are available in English only.VIF is an umbrella fund with segregated liability between sub-funds. This means that the assets of the Fund aremaintained separately under law from the assets of the other sub-funds of VIF, and each sub-fund is insulated from anyliabilities or claims associated with the other sub-funds.

The Fund is part of VIF and has both accumulation and income shares. You may switch some or all of your shares of onetype, to shares of another type within the same Fund, or between other funds of VIF. An entry charge may apply. Detailsof switching are provided in the Prospectus.

Tax UK tax legislation may have an impact on your personal tax position. You are recommended to consult your professionaltax adviser.

VIUK may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with therelevant parts of the Prospectus.

Past Performance

2009 2010 2011 2012 2013Fund 13.5 2.9 15.6 21.0

Index 14.0 3.2 16.0 21.4

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.

0

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The key investor information is accurate as at 13 February 2014.

Accumulation Shares of Vanguard FTSE Developed Europe ex-U.K. Equity Index Fund (the “Fund”),




Objective

The Fund seeks to track the performance of the FTSE DevelopedEurope ex-U.K. Index (the “Index”).

Investment policy

• The Index includes large and mid-cap common stocks from acrossthe developed European markets, excluding the UK, that passscreening for liquidity. Liquidity means the extent to which a stockmay be bought and sold without significantly distorting its price.

• The Fund attempts to:1. Replicate the Index by investing in all of the component securitiesof the Index, holding each security in approximately the sameproportion as its weighting in the Index.2. Remain fully invested and hold small amounts of cash except inextraordinary market, political or similar conditions where the Fundmay temporarily depart from this investment policy.










amount you have invested.• The Fund is rated 6 as it invests in equities in European markets and

is in a higher category as the values of those investments haveexperienced a higher rate of change in the past.



1 2 3 4 5 6 7






a sub-fund of Vanguard Investments Funds ICVC (ISIN: GB00B5B71H80)

Accumulation Shares of Vanguard FTSE Developed Europe ex-U.K. Equity Index Fund KIID9214en

Charges







Entry charge None

Exit charge None















Past Performance

2009 2010 2011 2012 2013Fund 5.0 -14.9 16.4 25.7

Index 5.2 -14.8 16.7 26.0


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Accumulation Shares of Vanguard U.S. Equity Index Fund (the “Fund”),




Objective

The Fund seeks to track the performance of the S&P Total MarketIndex (the “Index”).

Investment policy

• The Index includes stocks of large, mid, small and micro-capitalisedcompanies traded on the New York Stock Exchange and the Nasdaqover-the-counter market.

• The Fund attempts to:1. Track the Index by investing in a representative sample of thecomponent securities of the Index.2. Remain fully invested and hold small amounts of cash except inextraordinary market, political or similar conditions where the Fundmay temporarily depart from this investment policy.










amount you have invested.• The Fund is rated 6 as it invests in equities in a single market and is

in a higher category as the values of those investments haveexperienced a higher rate of change in the past.



1 2 3 4 5 6 7




• Smaller companies/liquidity consideration. The liquidity of the marketfor smaller company securities may occasionally restrict the Fund’sability to invest in and liquidate assets of smaller companies.



a sub-fund of Vanguard Investments Funds ICVC (ISIN: GB00B5B71Q71)

Accumulation Shares of Vanguard U.S. Equity Index Fund KIID9218en

Charges







Entry charge None

Exit charge None















Past Performance

2009 2010 2011 2012 2013Fund 20.5 1.2 10.7 30.3

Index 20.7 1.4 11.0 30.5


0

10

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30

40

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(%

)


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.Youare advised to read it so you can make an informed decision about whether to invest.

Objectives and investment policy� To provide long term capital growth by matching the return of the

FTSE 250 Index.� To invest in companies that make up the FTSE 250 Index.� The Fund can use borrowing and may also use a technique known

as efficient portfolio management which aims to reduce risk or costto the fund in circumstances where this is likely to be of benefit.

� The Fund is currently tracking the index using a near full replicationstrategy.

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

Risk and reward profileLower risk Higher risk


1 2 3 4 5 6 7More about this rating

The rating is based on price volatility over the last five years, and isan indicator of absolute risk. Historical data may not be a reliable indicationfor the future. The value of an investment, and any income from it,may fall as well as rise, and you may not get back the amount youoriginally invested.The rating is not guaranteed to remain unchangedand the categorisation may shift over time.The lowest rating does notmean a risk-free investment.

Why is this fund in category 6?

Equity prices tend to fluctuate more than other asset classes as investorsdirectly participate in underlying companies and their earnings.

Material risks not adequately captured by the risk rating above

� Exchange rate risk Investing in assets denominated in a currencyother than that of the investor’s own currency perspective exposesthe value of the investment to exchange rate fluctuations.

� Derivative risk The value of derivative contracts is dependent uponthe performance of an underlying asset. A small movement in thevalue of the underlying can cause a large movement in the valueof the derivative. Unlike exchange traded derivatives, over-the-counter(OTC) derivatives have credit risk associated with the counterpartyor institution facilitating the trade.

� IndexTracking risk The performance of the Fund may not matchthe performance of the index it tracks because of stock selection,fees and expenses, market opening times and regulatory constraints.

� Operational risk The main risks are related to systems and processfailures. Investment processes are overseen by independent riskfunctions which are subject to independent audit and supervisedby regulators.

�Key Investor Information

FTSE 250 Index FundAccumulation C GB00B80QG052

A sub-fund of HSBC Index Tracker Investment Funds, an open ended investment company (“OEIC”), managed by HSBC GlobalAsset Management (UK) Limited.

Accumulation C GB00B80QG052 1 of 2

Charges for this fundThe charges you pay are used to pay the running costs of the fund, includingthe marketing and distribution costs.These charges reduce the potentialgrowth of the investment.


Entry charge 0.00%

Exit charge 0.00%

Charges taken from the fund over a year

Ongoing charge 0.17%

Charges taken from the fund under certain specific conditions


The Entry and Exit charges shown are the maximum that may be charged.In some cases you may pay less.You can obtain the actual charges fromyour financial adviser.

The ongoing charges figure is based on last year’s expenses for theyear ending 15/11/2013. Charges may vary from year to year.

Further information on Charges can be found in the Fees and Expensessection of the full Prospectus.

Past performance

-50%

-25%

0%

25%

50%

75%

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

20.6

27.9 28.5

-4.0

-37.5

46.9

26.5

-10.8

25.631.7

22.9

30.2 30.2

-2.5

-38.2

50.6

27.4

-10.1

26.132.3

Fund Benchmark

Warning: the performance returns before the change to charges on01/09/2009 were achieved under circumstances that no longer apply.

Past performance is not a guide to future performance; the value ofyour investment and any income from it can go down as well as up.The past performance of this share class is calculated in GBP.

Performance returns are based on the net asset value with distributableincome reinvested. Past performance takes account of all ongoing charges,but not entry and exit charges.

The fund was launched on 07/10/1997.

The investment benchmark for the fund is the FTSE 250 Gross.

Performance returns prior to the first share class price date of 03/09/2012have been simulated using the track record of an older share class.

Practical informationDepositary

State StreetTrustees Limited, 525 Ferry Road, Edinburgh, EH5 2AW.

Further information

Further information about the OEIC including the latest Prospectus,latest published prices of shares, annual report and half yearly reportmay be obtained free of charge, in English, from the administrator,HSBCGlobalAssetManagement (UK)Limited,POBox6189,Coventry,CV3 9HS or by visiting www.assetmanagement.hsbc.com.The mostrecent Prospectus is available in English.This document describesa single share class of the OEIC. The Prospectus, annual and halfyearly reports are prepared for the entire OEIC.

Share classes

Other share classes are available, as detailed in the Prospectus. Itis possible to convert your shares into a different share class or switchyour shares into a different Fund within the OEIC. Details of howto do this are in the Prospectus (please note an initial charge mayapply).

Tax

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

Authorised Corporate Director

HSBC Global Asset Management (UK) Limited may be held liablesolely on the basis of any statement contained in this documentthat is misleading, inaccurate or inconsistent with the relevant partsof the Prospectus for the OEIC.

Allocation of Assets and Liabilities

The OEIC is an umbrella investment company with segregated liabilitybetween sub-funds.This means that the holdings of one sub-fundare kept separate from the holdings of the other sub-funds and yourinvestment in the Fund cannot be used to pay the liabilities of anyother sub-fund.

Authorisations

The Fund is authorised in the United Kingdom and regulated by theFinancial Conduct Authority. HSBC Global Asset Management (UK)Limited is authorised in the United Kingdom and regulated by theFinancial Conduct Authority.

Publication date


Accumulation C GB00B80QG052 2 of 2

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.Youare advised to read it so you can make an informed decision about whether to invest.

Objectives and investment policy� To provide long term capital growth by matching the return of the

FTSE World Pacific excluding Japan Index.� To invest in companies that make up the FTSEWorld Pacific excluding

Japan Index.� The Fund can use borrowing and may also use a technique known

as efficient portfolio management which aims to reduce risk or costto the fund in circumstances where this is likely to be of benefit.

� The Fund is currently tracking the index using a full replication strategy.� Recommendation: this Fund may not be appropriate for investors

who plan to withdraw their money within 5 years.

Risk and reward profileLower risk Higher risk


1 2 3 4 5 6 7More about this rating

The rating is based on price volatility over the last five years, and isan indicator of absolute risk. Historical data may not be a reliable indicationfor the future. The value of an investment, and any income from it,may fall as well as rise, and you may not get back the amount youoriginally invested.The rating is not guaranteed to remain unchangedand the categorisation may shift over time.The lowest rating does notmean a risk-free investment.

Why is this fund in category 6?

Emerging markets are at an early stage of development and typicallyexperience higher levels of return fluctuation than well-establishedeconomies. Political and economic challenges may temporarily resultin illiquid markets and higher volatility in prices and currencies.

Material risks not adequately captured by the risk rating above

� Exchange rate risk Investing in assets denominated in a currencyother than that of the investor’s own currency perspective exposesthe value of the investment to exchange rate fluctuations.

� Emerging market risk Emerging economies typically exhibit higherlevels of investment risk. Markets are not always well regulatedor efficient and investments can be affected by reduced liquidity.

� Derivative risk The value of derivative contracts is dependent uponthe performance of an underlying asset. A small movement in thevalue of the underlying can cause a large movement in the valueof the derivative. Unlike exchange traded derivatives, over-the-counter(OTC) derivatives have credit risk associated with the counterpartyor institution facilitating the trade.

� IndexTracking risk The performance of the Fund may not matchthe performance of the index it tracks because of fees and expenses,market opening times and regulatory constraints.

� Operational risk The main risks are related to systems and processfailures. Investment processes are overseen by independent riskfunctions which are subject to independent audit and supervisedby regulators.

�Key Investor Information

Pacific Index FundAccumulation C GB00B80QGT40

A sub-fund of HSBC Index Tracker Investment Funds, an open ended investment company (“OEIC”), managed by HSBC GlobalAsset Management (UK) Limited.

Accumulation C GB00B80QGT40 1 of 2

Charges for this fundThe charges you pay are used to pay the running costs of the fund, includingthe marketing and distribution costs.These charges reduce the potentialgrowth of the investment.


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 certain specific conditions


The Entry and Exit charges shown are the maximum that may be charged.In some cases you may pay less.You can obtain the actual charges fromyour financial adviser.

The ongoing charges figure is based on last year’s expenses for theyear ending 15/11/2013. Charges may vary from year to year.

Further information on Charges can be found in the Fees and Expensessection of the full Prospectus.

Past performance

-50%

-25%

0%

25%

50%

75%

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

13.9

33.4

10.8

26.5

-32.7

53.6

24.6

-14.4

17.7

1.6

17.1

35.6

12.6

29.4

-31.0

53.8

24.4

-12.9

17.7

2.7

Fund Benchmark

Warning: the performance returns before the change to charges on01/09/2009 were achieved under circumstances that no longer apply.

Past performance is not a guide to future performance; the value ofyour investment and any income from it can go down as well as up.The past performance of this share class is calculated in GBP.

Performance returns are based on the net asset value with distributableincome reinvested. Past performance takes account of all ongoing charges,but not entry and exit charges.

The fund was launched on 20/11/1998.

The investment benchmark for the fund is the FTSE World Asia Pacificex Japan Gross.

Performance returns prior to the first share class price date of 03/09/2012have been simulated using the track record of an older share class.

Practical informationDepositary

State StreetTrustees Limited, 525 Ferry Road, Edinburgh, EH5 2AW.

Further information

Further information about the OEIC including the latest Prospectus,latest published prices of shares, annual report and half yearly reportmay be obtained free of charge, in English, from the administrator,HSBCGlobalAssetManagement (UK)Limited,POBox6189,Coventry,CV3 9HS or by visiting www.assetmanagement.hsbc.com.The mostrecent Prospectus is available in English.This document describesa single share class of the OEIC. The Prospectus, annual and halfyearly reports are prepared for the entire OEIC.

Share classes

Other share classes are available, as detailed in the Prospectus. Itis possible to convert your shares into a different share class or switchyour shares into a different Fund within the OEIC. Details of howto do this are in the Prospectus (please note an initial charge mayapply).

Tax

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

Authorised Corporate Director

HSBC Global Asset Management (UK) Limited may be held liablesolely on the basis of any statement contained in this documentthat is misleading, inaccurate or inconsistent with the relevant partsof the Prospectus for the OEIC.

Allocation of Assets and Liabilities

The OEIC is an umbrella investment company with segregated liabilitybetween sub-funds.This means that the holdings of one sub-fundare kept separate from the holdings of the other sub-funds and yourinvestment in the Fund cannot be used to pay the liabilities of anyother sub-fund.

Authorisations

The Fund is authorised in the United Kingdom and regulated by theFinancial Conduct Authority. HSBC Global Asset Management (UK)Limited is authorised in the United Kingdom and regulated by theFinancial Conduct Authority.

Publication date


Accumulation C GB00B80QGT40 2 of 2

KEY INVESTOR INFORMATION.This document provides you with key investor information about this fund. It is not marketingmaterial. The information is required by law to help you understand the nature and the risks ofinvesting in this fund. You are advised to read it so you can make an informed decision aboutwhether to invest.

LEGAL & GENERAL ALL STOCKS GILT INDEX TRUST I CLASSACCUMULATION ISIN: GB00B8344798, DISTRIBUTION ISIN: GB00B8387G12This fund is managed by Legal & General (Unit Trust Managers) Limited.

OBJECTIVES AND INVESTMENT POLICYThe objective of this fund is to provide a combination ofincome and growth by tracking the performance of theFTSE Actuaries British Government All Stocks Index.The fund will invest in bonds (a type of loan which pays interest). The fund's investments will closely match those that make up the Index. This Index consists of bonds which are issued by the UK Government (known as gilts). The gilts that the fund invests in will be investment grade bonds (rated as lower risk). Investment grade bonds are bonds that have achieved a higher credit rating from a rating agency. Credit ratings give an indication of how likely it is that the issuer of a bond will be able to pay back interest and the loan on time. The fund may use derivatives (contracts which have a value linked to the price of another asset) for the following purposes:

• To help with efficient day to day management.

• To reduce some of the risks of the market.

If you hold accumulation units, income from investments held by the fund (interest) will be reinvested into the value of your units. If you hold distribution units, income from investments held by the fund will be paid out to you (as interest). You can buy or sell units in this fund on any working day. You need to contact us with your instruction before 12 noon. This is the time we calculate unit prices for this fund. If you contact us after 12 noon, the units will be bought or sold at the next working day's price. This fund may not be appropriate for investors who plan to withdraw their money within five years.

RISK AND REWARD PROFILE


Potentially lower rewards Potentially higher rewards

1 2 3 4 5 6 7

• This risk and reward indicator is based on historical

data which may not be a reliable indication of thefund's risk and reward category in the future.

• The category is based on the rate at which the valueof the fund has moved up and down in the past.

• This fund is in category 4 because it invests ininvestment grade bonds which generally providelower rewards and lower risks than otherinvestments such as sub-investment grade bonds orcompany shares.

• The fund's category is not guaranteed to remain thesame and may change over time.

• Even a fund in the lowest category is not a risk freeinvestment.

• The value of your investment and any income youtake from it may fall as well as rise and is notguaranteed. You might get back less than youinvested.

The indicator opposite does not take account of thefollowing risks of investing in the fund:

• Because the fund invests in bonds, investment returnsare particularly sensitive to trends in interest ratemovements and inflation. Fund values are likely to fallwhen interest rates rise. Such falls may be morepronounced in a low interest rate environment.

• If you take an income from your investment this willreduce the potential for future growth.

• We will take part of the ongoing charges from the fund'scapital rather than the fund's income. This increases theamount of income you may be paid, but it reduces thegrowth potential and may lead to a fall in the value of thefund.

• If you use your right to cancel your investment, you maynot get a full refund if the value of your investment fallsbefore we receive your instruction.

• This fund invests almost exclusively in bonds issued bythe UK Government. If the UK Government experiencesfinancial difficulty, it may be unable to pay back some orall of the interest, original investment or other paymentsthat it owes. If this happens, the value of your fund mayfall.

CHARGES FOR THIS FUNDThe 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 return from your investment.

The entry and exit charges shown are maximum figures. In somecases (including when switching to other funds managed by us) youmight pay less - you can find out the actual figures from us or yourfinancial adviser.The ongoing charges figure is based on the latest available expenses at December 2013. This figure may vary from year to year. Ongoing charges exclude the costs associated with buying and selling the underlying investments of the fund. This fund’s charges include the charges made by any other funds it may invest in. For more information about charges, including any performance fee and how it is calculated, please see the charges and expenses and, where relevant, the performance fee section in the fund’s Prospectus. You can also find information about charges at legalandgeneral.com/chargesandfees

ONE-OFF CHARGES TAKEN BEFORE OR AFTERYOU INVEST

Entry charge None

Exit charge None

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

CHARGES TAKEN FROM THE FUND OVER A YEAR


CHARGES TAKEN FROM THE FUND UNDER CERTAINSPECIFIC CONDITIONS


PAST PERFORMANCE

-4.7

-3.9

-6

-4

-2

0

(ret

urn

%)

2009 2010 2011 2012 2013

(year)

• Past performance is not a guide to futureperformance.

• The figures take into account all charges exceptany entry charge, and assume income (beforetax) is reinvested. The performance has beencalculated in Sterling (British pounds).

• The annual return is for a 12 month period ending31 December.

• The fund came into existence in 1981, this I classin 2012.

• The index figures assume gross income isreinvested.

Fund

Index

PRACTICAL INFORMATION

TRUSTEE The trustee is National Westminster Bank Plc.

FURTHERINFORMATION

You can find further information about the fund in its Prospectus, latest annual and half-yearly reports andin the Additional Fund Information document. A Guide to Investing with Us gives further information aboutinvesting generally. These documents are available from: Legal & General Investments, PO Box 6080,Wolverhampton WV1 9RB. We will provide documents free of charge and in English.

UNIT PRICES ANDOTHER PRACTICALINFORMATION

You can get other practical information, including the latest buying and selling prices of units and detailsof any other unit classes that are available, by calling us on 0370 050 0955 Monday to Friday between8.30am and 6.00pm. You can also find details of how we price units in A Guide to Investing with Us.

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

Legal & General (Unit Trust Managers) Limited may be held liable solely on the basis of any statement contained in thisdocument that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus for the fund.

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


BlackRock Corporate Bond Tracker Fund

A sub-fund of BlackRock Collective Investment Funds

Class D Accumulating GBPISIN: GB00B84DSW83

Manager: BlackRock Fund Managers Limited

Objectives and Investment PolicyThe Fund aims to achieve a return on your investment, through acombination of capital growth and income on the Fund’s assets, bytracking closely the performance of the Markit iBoxx GBP Non-GiltsOverall TR Index, the Fund’s benchmark index.The Fund invests in fixed income securities (such as bonds) that makeup the benchmark index and, at the time of purchase, comply withthe credit rating requirements of the benchmark index.The benchmark index measures the performance of fixed incomesecurities denominated in Sterling issued by governments,government agencies, companies and supranationals (e.g. theInternational Bank for Reconstruction and Development) but excludesgilts (i.e. bonds) issued by the UK government. These may includefixed income securities which pay income according to a fixed rate ofinterest and will be investment grade (i.e. meet a specified level ofcredit worthiness) at the time of inclusion in the benchmark index.The Fund uses techniques to achieve a similar return to itsbenchmark index. These techniques may include the strategic

selection of certain securities that make up the benchmark index orother fixed income securities which provide similar performance tocertain constituent securities. They may also include the use ofderivatives (i.e. investments the prices of which are based on one ormore underlying assets).The Fund may also engage in short-term secured lending of itsinvestments to certain eligible third parties. This is used as a meansof generating additional income and to off-set the costs of the Fund.Recommendation: This Fund may not be appropriate for short-terminvestment.Your units will be accumulating (i.e. dividend income will be includedin their value).Your units will be denominated in Sterling, the Fund's base currency.You can buy and sell your units daily. The minimum initial investmentfor this unit class is £100,000.

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

1 2 3 4 5 6 7

The risk indicator was calculated incorporating simulated historicaldata and may not be a reliable indication of the future risk profile ofthe Fund.The risk category shown is not guaranteed and may change over time.The lowest category does not mean risk free.The Fund is rated four due to the nature of its investments whichinclude the risks listed below. These factors may impact the value ofthe Fund’s investments or expose the Fund to losses.- 'Credit Risk' and/or changes to interest rates will have a

significant impact on the performance of fixed income securities

issued by companies. Potential or actual credit rating downgradesmay increase the level of perceived risk.

- Derivatives are highly sensitive to changes in the value of theasset they are based on. The impact to the Fund is greater wherederivatives are used in an extensive or complex way.

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 counterpartyto derivatives or other instruments, may expose the Fund tofinancial loss.

- Credit Risk: The issuer of a financial asset held within the Fundmay not pay income or repay capital to the Fund when due.

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

For more information on risks, please see the Fund's prospectus, whichis available at www.blackrock.com.

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

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

The entry and exit charges shown are maximum figures. In some casesyou might pay less. Please refer to your financial advisor or the distributorfor the actual entry and exit charges.

* Subject to a charge of up to 2% paid into the Fund where the Managersuspects excessive trading by an investor.

The ongoing charges figure is based on expenses for the twelve monthperiod ending 23 December 2013. This figure may vary from year to year.It excludes portfolio trade-related costs, except costs paid to thecustodian and any entry/exit charge paid to an underlying collectiveinvestment scheme (if any).

** To the extent the Fund undertakes securities lending to reduce costs,the Fund will receive 60% of the associated revenue generated and theremaining 40% will be received by BlackRock as the securities lendingagent. As securities lending revenue sharing does not increase the costsof running the Fund, this has been excluded from the ongoing charges.

For more information on charges, please see the Fund's prospectus,which is available at www.blackrock.com.


Entry Charge None

Exit Charge None*

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

Charges taken from the Fund over each year

Ongoing Charges 0.17%**

Charges taken from the Fund under certain conditions

Performance Fee None

Past PerformancePast performance is not a guide to futureperformance.

The chart shows the Fund's annualperformance in GBP for each full calendaryear over the period displayed in the chart. Itis expressed as a percentage change of theFund's net asset value at each year-end. TheFund was launched in 2010. The unit classwas launched in 2012.

Performance is shown after deduction ofongoing charges. Any entry/exit charges areexcluded from the calculation.

† Benchmark: Markit iBoxx GBP Non-GiltsOverall TR Index (GBP)

Historic performance to 31 December 20131

02009 2010 2011 2012 2013

0.20.9

FundBenchmark †During this period the performance of the Fund was achieved under circumstances that no longer apply.

Practical InformationThe trustee of the Fund is BNY Mellon Trust & Depositary (UK) Limited. Thetrustee has delegated the function of custodian of the Fund to the Bank ofNew York Mellon (International) Limited.Further information about the Fund can be obtained from the Fund'sprospectus and the latest annual report and half-yearly reports of theBlackRock Collective Investment Funds (BCIF). These documents are availablefree of charge in English. These can be found, along with other information,such as unit prices, on the BlackRock website at www.blackrock.com or bycalling Investor Services on 0800 44 55 22.Investors should note that the tax legislation that applies to the Fund may havean impact on the personal tax position of your investment in the Fund.The Fund is a sub-fund of BCIF, an umbrella structure comprising differentsub-funds. This document is specific to the Fund and unit class stated at thebeginning of this document. However, the prospectus, annual and half-yearlyreports are prepared for the umbrella.

BlackRock Fund Managers Limited may be held liable solely on the basis ofany statement contained in this document that is misleading, inaccurate orinconsistent with the relevant parts of the Fund's prospectus.Further information about other unit classes can be found in the Fund'sprospectus.The assets of the Fund are held on trust for its unitholders under English trustlaw which means that its assets cannot be used to discharge the liabilities ofother sub-funds within BCIF. In addition, the Fund's assets are held separatelyfrom the assets of other sub-funds.Investors may switch their units in the Fund for units in another sub-fundwithin BCIF, subject to meeting certain conditions as set out in theprospectus.

This Fund and its manager, BlackRock Fund Managers Limited, are authorised in the UK and regulated by the FinancialConduct Authority.This Key Investor Information is accurate as at 3 February 2014

KEY INVESTOR INFORMATION.This document provides you with key investor information about this fund. It is not marketingmaterial. The information is required by law to help you understand the nature and the risks ofinvesting in this fund. You are advised to read it so you can make an informed decision aboutwhether to invest.

LEGAL & GENERAL ALL STOCKS INDEX LINKED GILT INDEX TRUST MCLASSACCUMULATION ISIN: GB0034155605, DISTRIBUTION ISIN: GB0034155712This fund is managed by Legal & General (Unit Trust Managers) Limited.

OBJECTIVES AND INVESTMENT POLICYThe objective of this fund is to provide a combination of incomeand growth by tracking the performance of the FTSE ActuariesBritish Government Index-Linked All Stocks Index.

The fund will invest between 70% and 100% in bonds (a type of loan which pays interest) issued by the UK government (known as gilts). The fund's investments will closely match those that make up the Index. This Index consists of index-linked bonds which are issued by the UK Government. The return from these bonds is linked to changes in the rate of UK inflation.

The gilts that the fund invests in will be investment grade bonds (rated as lower risk). Investment grade bonds are bonds that have achieved a higher credit rating from a rating agency. Credit ratings give an indication of how likely it is that the issuer of a bond will be able to pay back interest and the loan on time.

The fund may use derivatives (contracts which have a value linked to the price of another asset) for the following purposes:

• To help with efficient day to day management.

• To reduce some of the risks of the market.

If you hold accumulation units, income from investments held by the fund (interest) will be reinvested into the value of your units.

If you hold distribution units, income from investments held by the fund will be paid out to you (as interest).

You can buy or sell units in this fund on any working day. You need to contact us with your instruction before 12 noon. This is the time we calculate unit prices for this fund. If you contact us after 12 noon, the units will be bought or sold at the next working day's price.

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

RISK AND REWARD PROFILE


Potentially lower rewards Potentially higher rewards

1 2 3 4 5 6 7

• This risk and reward indicator is based on historical data

which may not be a reliable indication of the fund's risk andreward category in the future.

• The category is based on the rate at which the value of thefund has moved up and down in the past.

• This fund is in category 4 because it invests in investmentgrade bonds which generally provide lower rewards and lowerrisks than other investments such as sub-investment gradebonds or company shares.

• The fund's category is not guaranteed to remain the same andmay change over time.

• Even a fund in the lowest category is not a risk free investment.

• The value of your investment and any income you take from itmay fall as well as rise and is not guaranteed. You might getback less than you invested.

The indicator opposite does not take account of the following risks ofinvesting in the fund:

• Because the fund invests in bonds, investment returns areparticularly sensitive to trends in interest rate movements andinflation. Fund values are likely to fall when interest rates rise. Suchfalls may be more pronounced in a low interest rate environment.

• If you take an income from your investment this will reduce thepotential for future growth.

• We will take part of the ongoing charges from the fund's capitalrather than the fund's income. This increases the amount of incomeyou may be paid, but it reduces the growth potential and may lead toa fall in the value of the fund.

• If you use your right to cancel your investment, you may not get a fullrefund if the value of your investment falls before we receive yourinstruction.

• This fund invests almost exclusively in bonds issued by the UKGovernment. If the UK Government experiences financial difficulty, itmay be unable to pay back some or all of the interest, originalinvestment or other payments that it owes. If this happens, the valueof your fund may fall.

CHARGES FOR THIS FUNDThe 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 return from your investment.

The entry and exit charges shown are maximum figures. In somecases (including when switching to other funds managed by us) youmight pay less - you can find out the actual figures from us or yourfinancial adviser.The ongoing charges figure is based on the latest available expenses at December 2013. This figure may vary from year to year. Ongoing charges exclude the costs associated with buying and selling the underlying investments of the fund. This fund’s charges include the charges made by any other funds it may invest in. For more information about charges, including any performance fee and how it is calculated, please see the charges and expenses and, where relevant, the performance fee section in the fund’s Prospectus. You can also find information about charges at legalandgeneral.com/chargesandfees

ONE-OFF CHARGES TAKEN BEFORE OR AFTERYOU INVEST

Entry charge None

Exit charge None

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

CHARGES TAKEN FROM THE FUND OVER A YEAR


CHARGES TAKEN FROM THE FUND UNDER CERTAINSPECIFIC CONDITIONS


PAST PERFORMANCE

8.5

2.1

7.7

3.4

6.3

8.0

19.6

0.2 0.1

9.0

2.9

8.5

3.7

6.4

8.9

19.9

0.6 0.5

0

5

10

15

20

(ret

urn

%)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

(year)

• Past performance is not a guide to futureperformance.

• The figures take into account all chargesexcept any entry charge, and assumeincome (before tax) is reinvested. Theperformance has been calculated inSterling (British pounds).

• The annual return is for a 12 monthperiod ending 31 December.

• The fund came into existence in 2004.This unit class was renamed M on 19December 2012.

• The index figures assume gross incomeis reinvested.

Fund

Index

PRACTICAL INFORMATION

TRUSTEE The trustee is National Westminster Bank Plc.

FURTHERINFORMATION

You can find further information about the fund in its Prospectus, latest annual and half-yearly reports andin the Additional Fund Information document. A Guide to Investing with Us gives further information aboutinvesting generally. These documents are available from: Legal & General Investments, PO Box 6080,Wolverhampton WV1 9RB. We will provide documents free of charge and in English.

UNIT PRICES ANDOTHER PRACTICALINFORMATION

You can get other practical information, including the latest buying and selling prices of units and detailsof any other unit classes that are available, by calling us on 0370 050 0955 Monday to Friday between8.30am and 6.00pm. You can also find these prices at legalandgeneral.com/utprices and details of howwe price units in A Guide to Investing with Us.

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

Legal & General (Unit Trust Managers) Limited may be held liable solely on the basis of any statement contained in thisdocument that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus for the fund.

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