Old fund name New fund name Old Mutual Aberdeen Asia Pacific

Quilter Investors Asia Pacific (ex Japan) Equity (Aberdeen)

Old objective New objective To achieve capital growth by investing primarily in the shares of companies in the Asia Pacific region excluding Japan. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations.

To achieve capital growth by primarily investing, directly and indirectly, in shares of companies listed or located in Asia and Australasia, excluding Japan. The fund may at times be concentrated in terms of the number of investments it holds. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations.

Old fund name New fund name Old Mutual Fidelity Global Focus

Quilter Investors Global Equity Growth (Fidelity)

Old objective New objective To achieve long-term capital growth from a diversified portfolio primarily made up of the shares of companies from around the world. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors.

The fund is denominated in one currency but may hold assets which are priced in other currencies.

To achieve capital growth by primarily investing, directly and indirectly, in shares issued by companies located anywhere in the world. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations.

Old fund name New fund name Old Mutual World Index

Quilter Investors Global Equity Index

Old objective New objective

To achieve capital growth through a portfolio of investments aimed at tracking the performance of the FTSE Developed ex UK Index. The Fund will invest primarily in collective investment schemes, including those managed and operated by the Investment Adviser, that aim to track the performance of developed market indices around the world by investing in the companies that make up those indices. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations.

To achieve capital growth through a portfolio of investments aimed at tracking the performance of the FTSE Developed ex UK Index. The fund will invest primarily in collective investment schemes, including those managed and operated by the Investment Adviser, which aim to track the performance of developed market indices around the world by investing in the shares of companies that make up those indices. Investment will be made in proportion to the geographical weightings in the FTSE Developed ex UK Index. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations.

Old fund name New fund name Old Mutual BlackRock Gold & General

Quilter Investors Precious Metals Equity (BlackRock)

Old objective New objective

To achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. Some of the investments in the fund can be difficult to sell at times, which could affect the price of units/shares.

To achieve capital growth by primarily investing, directly and indirectly, in shares issued by companies located anywhere in the world, that are engaged in precious metals and commodities related businesses. The fund may at times be concentrated in terms of the number of investments it holds. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. Some of the investments in the fund can be difficult to sell at times, which could affect the price of units/shares.

Old fund name New fund name Old Mutual Newton UK Opportunities

Quilter Investors UK Equity Growth (Newton)

Old objective New objective To achieve long-term capital growth by investing primarily in the shares of companies incorporated or listed in the UK and will typically invest in the shares of fewer than 50 companies. The fund does not have a bias towards any economic sector or company size. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. Some of the investments in the fund can be difficult to sell at times, which could affect the price of units/shares.

To achieve capital growth by primarily investing, directly and indirectly, in shares of UK companies. UK companies are those that are domiciled, incorporated or have a significant portion of their business in the UK, even if listed elsewhere. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. Some of the investments in the fund can be difficult to sell at times, which could affect the price of units/shares.

Old fund name New fund name Old Mutual Woodford Equity Income

Quilter Investors UK Equity Income II (Woodford)

Old objective New objective

To achieve income together with capital growth by investing primarily in UK listed companies, but may also invest in overseas equities, other transferable securities, money market instruments, warrants, collective investment schemes and deposits. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The fund, or some of its underlying assets, may hold derivatives for investment purposes, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation. Part, or all, of the fund management charge is levied against the capital of the fund, rather than the income, which could reduce the potential for future growth. Some of the investments in the fund can be difficult to sell at times, which could affect the price of units/shares.

To achieve a combination of income and capital growth by primarily investing, directly and indirectly, in shares of UK companies. UK companies are those that are domiciled, incorporated or have a significant portion of their business in the UK, even if listed elsewhere. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The fund, or some of its underlying assets, may hold derivatives for investment purposes, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation. Part, or all, of the fund management charge is levied against the capital of the fund, rather than the income, which could reduce the potential for future growth. Some of the investments in the fund can be difficult to sell at times, which could affect the price of units/shares.

Old fund name New fund name Old Mutual UK Index

Quilter Investors UK Equity Index

Old objective New objective

To achieve capital growth through predominant investment in a portfolio of UK equities aimed at tracking the performance of the FTSE All-Share Index. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations.

To achieve capital growth through a portfolio of investments aimed at tracking the performance of the FTSE All Share Index. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations.

Old fund name New fund name Old Mutual Artemis Income

Quilter Investors UK Equity Large-Cap Income (Artemis)

Old objective New objective To achieve a rising income combined with capital growth from a portfolio primarily made up of investments in the United Kingdom. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. The fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values. Part, or all, of the fund management charge is levied against the capital of the fund, rather than the income, which could reduce the potential for future growth.

To achieve a combination of capital growth and income by primarily investing, directly or indirectly, in shares of UK companies. UK companies are those that are domiciled, incorporated or have a significant portion of their business in the UK, even if listed elsewhere. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. The fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values. Part, or all, of the fund management charge is levied against the capital of the fund, rather than the income, which could reduce the potential for future growth.

Old fund name New fund name Old Mutual Artemis UK Special Situations

Quilter Investors UK Equity Opportunities (Artemis)

Old objective New objective

To achieve long-term capital growth by exploiting special situations. The fund invests principally in UK equities and in companies which are headquartered or have a significant part of their activities in the UK which are quoted on a regulated market outside the UK. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values. Some of the investments in the fund can be difficult to sell at times, which could affect the price of units/shares.

To achieve capital growth by primarily investing, directly and indirectly, in shares of UK companies. UK companies are those that are domiciled, incorporated or have a significant portion of their business in the UK, even if listed elsewhere. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values. Some of the investments in the fund can be difficult to sell at times, which could affect the price of units/shares.

Old fund name New fund name Old Mutual Threadneedle European Select

Quilter Investors Europe (ex UK) Equity Growth (Threadneedle)

Old objective New objective

To achieve capital growth by investing mainly in a relatively concentrated portfolio of equities of companies domiciled in Continental Europe or which have significant Continental European operations. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations.

To achieve capital growth by primarily investing, directly and indirectly, in shares of companies listed or located in Europe, excluding the United Kingdom. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations.

Old fund name New fund name Old Mutual Schroder European Alpha Income

Quilter Investors Europe (ex UK) Equity Income (Schroder)

Old objective New objective To provide income and some long-term capital growth by investing predominantly in shares of large or mid-sized European companies. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. Part, or all, of the fund management charge is levied against the capital of the fund, rather than the income, which could reduce the potential for future growth.

To achieve income and capital growth by primarily investing, directly and indirectly, in shares of companies listed or located in Europe, excluding the United Kingdom. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. Part, or all, of the fund management charge is levied against the capital of the fund, rather than the income, which could reduce the potential for future growth.

Old fund name New fund name Old Mutual Gilt

Quilter Investors Gilt Index

Old objective New objective

To achieve capital growth through investment in a well-diversified portfolio consisting predominantly of UK Gilts. The fund is permitted to invest in overseas bonds, and any non-Sterling currency exposure will be hedged back into Sterling to remove the risk of exchange rate fluctuation. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values. Part, or all, of the fund management charge is levied against the capital of the fund, rather than the income, which could reduce the potential for future growth.

To achieve capital growth through a portfolio of investments aimed at tracking the performance of the Bank of America Merrill Lynch UK Gilt Index before fees are deducted. The fund primarily invests in UK Gilts. Investment will generally be made in proportion to the weightings in the Bank of America Merrill Lynch UK Gilt Index. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values. Part, or all, of the fund management charge is levied against the capital of the fund, rather than the income, which could reduce the potential for future growth.

Old fund name New fund name Old Mutual Newton Global Income

Quilter Investors Global Equity Value (Newton)

Old objective New objective To achieve increasing annual income together with long-term capital growth from investing predominantly in global securities. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. Part, or all, of the fund management charge is levied against the capital of the fund, rather than the income, which could reduce the potential for future growth. Some of the investments in the fund can be difficult to sell at times, which could affect the price of units/shares.

To achieve a combination of income and capital growth by primarily investing, directly and directly, in shares issued by companies located anywhere in the world. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. Part, or all, of the fund management charge is levied against the capital of the fund, rather than the income, which could reduce the potential for future growth. Some of the investments in the fund can be difficult to sell at times, which could affect the price of units/shares.

Old fund name New fund name Old Mutual Threadneedle High Yield Bond

Quilter Investors High Yield Bond (Threadneedle)

Old objective New objective

To achieve income by investing principally in higher risk UK and international fixed interest securities. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. The fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values. Part, or all, of the fund management charge is levied against the capital of the fund, rather than the income, which could reduce the potential for future growth.

To achieve income by primarily investing in higher risk bonds and similar debt investments issued by companies, banks, public entities and governments located anywhere in the world. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. The fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values. Part, or all, of the fund management charge is levied against the capital of the fund, rather than the income, which could reduce the potential for future growth.

Old fund name New fund name Old Mutual Schroder Tokyo

Quilter Investors Japanese Equity (Schroder)

Old objective New objective To achieve capital growth through participation in the growth of the Japanese economy. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations.

To achieve capital growth by primarily investing, directly and indirectly, in shares of companies listed or located in Japan. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations.

Old fund name New fund name Old Mutual Newton UK Income

Quilter Investors UK Equity Large-Cap Value (Newton)

Old objective New objective

To achieve increasing annual income together with long term capital growth by investing primarily in the shares of UK companies. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. Part, or all, of the fund management charge is levied against the capital of the fund, rather than the income, which could reduce the potential for future growth. Some of the investments in the fund can be difficult to sell at times, which could affect the price of units/shares.

To achieve a combination of capital growth and income by primarily investing, directly and indirectly, in shares of UK companies. UK companies are those that are domiciled, incorporated or have a significant portion of their business in the UK, even if listed elsewhere. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. Part, or all, of the fund management charge is levied against the capital of the fund, rather than the income, which could reduce the potential for future growth. Some of the investments in the fund can be difficult to sell at times, which could affect the price of units/shares.

Old fund name New fund name Old Mutual Schroder US Mid Cap

Quilter Investors US Equity Small/Mid Cap (Schroder)

Old objective New objective

To provide capital growth and income primarily through investment in equity securities of medium-sized US companies. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations.

To achieve a combination of income and capital growth by primarily investing, directly and indirectly, in shares of companies listed or located in the US. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations.

Old fund name New fund name Old Mutual Invesco Perpetual Asian

Quilter Investors Asia Pacific (ex Japan) Large-Cap Equity (Invesco Perpetual)

Old objective New objective

To achieve capital growth in Asia and Australasia, excluding Japan by investing primarily in shares of companies in Asia and Australasia (excluding Japan), although it may include other Asian and Australasian related investments.

Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations.

To achieve capital growth by primarily investing, directly and indirectly, in shares of companies listed or located in Asia and Australasia, excluding Japan. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations.

Old fund name New fund name Old Mutual Henderson China Opportunities

Quilter Investors China Equity (Henderson)

Old objective New objective

To achieve a total return, (meaning a combination of capital growth and income) in excess of the long-term return that is typically achieved from investments in Hong Kong and Chinese equity markets, by investing in: companies having their registered office in Hong Kong or China; companies that do not have their registered office in Hong Kong or China but either (i) carry out a predominant proportion of their business activity in these markets, or (ii) are holding companies which predominantly own companies with registered offices in Hong Kong or China. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The fund, or some of its underlying assets, may hold derivatives for investment purposes, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation.

To achieve a combination of income and capital growth by primarily investing, directly or indirectly, in shares of companies listed, located or that derive the majority of their economic activity from Hong Kong and China, even if listed elsewhere. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The fund, or some of its underlying assets, may hold derivatives for investment purposes, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation.

Old fund name New fund name Old Mutual JPM Emerging Markets

Quilter Investors Emerging Markets Equity Growth (JPM)

Old objective New objective

To provide long term capital growth by investing primarily in equity and equity-linked securities of emerging markets companies. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations.

To achieve capital growth by primarily investing, directly and indirectly, in shares of companies listed, traded or dealt in on a regulated market in emerging markets worldwide and companies that have a predominant proportion of their assets or business operations in these emerging market countries. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations.

Old fund name New fund name Old Mutual Henderson European

Quilter Investors Europe (ex UK) Equity (Henderson)

Old objective New objective To achieve long-term capital growth by investing principally in the securities of European companies. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations.

To achieve capital growth by primarily investing, directly and indirectly, in shares of companies listed or located in Europe, excluding the United Kingdom.

The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations.

Old fund name New fund name Old Mutual Invesco Perpetual Corporate Bond

Quilter Investors Investment Grade Corporate Bond (Invesco Perpetual)

Old objective New objective

To achieve total return (meaning a combination of income and capital growth) by investing primarily in investment grade corporate debt securities. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. The fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values. The fund, or some of its underlying assets, may hold derivatives for investment purposes, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation.

To achieve a combination of income and capital growth by primarily investing, directly and indirectly, in investment grade bonds issued by companies located anywhere in the world. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. The fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values. The fund, or some of its underlying assets, may hold derivatives for investment purposes, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation.

Old fund name New fund name Old Mutual JPM Natural Resources

Quilter Investors Natural Resources Equity (JPM)

Old objective New objective

To provide capital growth over the long term by investing primarily in the shares of companies throughout the world engaged in the production and marketing of commodities. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. Some of the investments in the fund can be difficult to sell at times, which could affect the price of units/shares.

To achieve capital growth by primarily investing, directly and indirectly, in shares issued by companies located anywhere in the world, that are engaged in natural resources and commodities businesses. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. Some of the investments in the fund can be difficult to sell at times, which could affect the price of units/shares.

Old fund name New fund name Old Mutual Fidelity Moneybuilder Income

Quilter Investors Sterling Corporate Bond (Fidelity)

Old objective New objective To achieve income. The fund will obtain exposure primarily to Sterling-denominated (or hedged back to Sterling) fixed interest securities. The fund may invest directly in fixed interest securities or may achieve exposure indirectly through the use of derivatives. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. The fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values. The fund, or some of its underlying assets, may hold derivatives for investment purposes, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation.

To achieve a combination of income and capital growth by primarily investing, directly and indirectly, in investment grade Sterling-denominated bonds (or hedged back to Sterling) issued by companies located anywhere in the world.

The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. The fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values. The fund, or some of its underlying assets, may hold derivatives for investment purposes, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation.

Old fund name New fund name Old Mutual Fidelity Strategic Bond

Quilter Investors Sterling Diversified Bond (Fidelity)

Old objective New objective To achieve income with the possibility of capital growth from a portfolio primarily invested in Sterling-denominated (or hedged back to Sterling) fixed interest securities. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. The fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values. The fund, or some of its underlying assets, may hold derivatives for investment purposes, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation.

To achieve a combination of income and capital growth by primarily investing in a diversified range of Sterling-denominated bonds (or hedged back to Sterling) and similar debt investments with fixed and variable interest rates issued by companies, banks, public entities and governments located anywhere in the world. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. The fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values. The fund, or some of its underlying assets, may hold derivatives for investment purposes, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation.

Old fund name New fund name Old Mutual JPM US Growth Advantage

Quilter Investors US Equity Growth (JPM)

Old objective New objective

To achieve capital growth by investing primarily in shares of US companies. US companies are companies that are incorporated under the laws of, and have their registered office in, the US, or that derive the predominant part of their economic activity from the US, even if listed elsewhere. The Fund invests in shares which are believed to have the potential for above-average growth.

The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. Part, or all, of the fund management charge is levied against the capital of the fund, rather than the income, which could reduce the potential for future growth. Some of the investments in the fund can be difficult to sell at times, which could affect the price of units/shares.

To achieve capital growth by primarily investing, directly and indirectly, in shares of companies listed or located in the US. The investment adviser typically has a preference to invest in shares of companies they believe to have the potential for growth. The fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The fund is denominated in one currency but may hold assets which are priced in other currencies. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. Part, or all, of the fund management charge is levied against the capital of the fund, rather than the income, which could reduce the potential for future growth. Some of the investments in the fund can be difficult to sell at times, which could affect the price of units/shares.

Old fund name New fund name Old Mutual JPM US Growth Advantage

OMW Quilter Investors US Equity Growth (JPM)

Old objective New objective

The OMW Old Mutual JPM US Growth Advantage fund invests solely in the Old Mutual JPM US Growth Advantage fund, a sub fund of Old Mutual Specialist Funds, a UK authorised Open Ended Investment Company, managed by Old Mutual Investment Management Limited. The underlying fund aims to achieve capital growth by investing primarily in shares of US companies. US companies are companies that are incorporated under the laws of, and have their registered office in, the US, or that derive the predominant part of their economic activity from the US, even if listed elsewhere. The underlying fund invests in shares which are believed to have the potential for above-average growth.

The underlying fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The underlying fund may be denominated in or hold assets in a currency other than Sterling. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units/shares. It should be noted that the performance of the OMW fund will not match that of the underlying investment due to OMW fund charges, appropriate taxation adjustment and the OMW investment process.

The OMW Quilter Investors US Equity Growth (JPM) fund invests solely in the Quilter Investors US Equity Growth fund, a sub fund of Quilter Investors OEIC, a UK authorised Open Ended Investment Company incorporated as an investment company with variable capital, managed by Quilter Investors Limited. The underlying fund aims to achieve capital growth by primarily investing, directly and indirectly, in shares of companies listed or located in the US. The investment adviser typically has a preference to invest in shares of companies they believe to have the potential for growth. The underlying fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The underlying fund may be denominated in or hold assets in a currency other than Sterling. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units/shares. It should be noted that the performance of the OMW fund will not match that of the underlying investment due to OMW fund charges, appropriate taxation adjustment and the OMW investment process.