Individual Savings Account and Investment Account. Charges summary

Transcription

1 Individual Savings Account and Investment Account Charges summary

2 Introduction The purpose of this document is to provide you with: A description of charges Sterling ISA Managers Limited applies to its Individual Savings Accounts (ISAs) and Investment Accounts. A description of charges fund managers may apply to funds available on our ranges of panel and wider market funds. A list of the panel funds, their associated charges, the growth rates used in our projections, and the effect these charges may have on your investment. A list of the wider market funds and their associated charges. Important Information You should take financial advice before deciding which funds to invest in. You should read this document together with the Key features, which you were given when you first took out your account. If you need another copy of the Key features, please ask your adviser. You should not base any investment decision solely on the information in this guide. Our range of wider market funds provides extra choice. These might be suitable where the Sterling panel funds don t meet your needs or you want to widen your investment portfolio. We do not apply the same selection process and will not review these funds in the way we do for Sterling panel funds. Details of these funds are available in the relevant key investor information document or simplified prospectus available from your adviser or from fund factsheets. We are reliant on information provided to us relating to fund specific charges and expenses, which we regularly review and update. As such, although we try to ensure the information shown in this guide is as accurate and up-to-date as possible, we cannot guarantee that fund charges will not change in the future and have not changed since publication. Fund manager charges may change from time to time without notice. If there is a change to panel fund or wider market funds charges, we will let you know as soon as we reasonably can after the date of the change. However, you will be able to get the latest charges from your adviser. The funds that we offer on the panel and wider market fund ranges may change from time to time. We will let you know about changes to the funds that we offer on each range. You should not base any investment decision solely on the information in this guide. For specific fund details, including risks and objectives please refer to the Sterling panel funds guide for the panel funds and to the relevant key investor information document or simplified prospectus for the wider market funds. The Sterling panel funds guide is available from your adviser or from our website uk. The key investor information document or simplified prospectus is available from your adviser. Sterling charges Sterling will apply the following charges to your account: Initial charge Sterling will take an initial charge from each payment you make. Single payments - the initial charge is currently a maximum of 4% of the amount you invest as a single payment. However, if you received financial advice about making the single payment there is currently no initial charge. Regular payments - the initial charge is currently a maximum of 4.75% of the amount you invest as regular payments. However, if you received financial advice about making regular payments, the initial charge is currently 0.75% of your extra investment. Yearly charge Sterling will also take a yearly charge. The level of charge depends on the value of your investment. We take the charge from any distribution payment due to you on that date. If the distribution amount isn t enough to cover it, we ll sell investments to meet the charge. The yearly charge is 0.5% (plus VAT) each year on your total investment value subject to a minimum and a maximum charge. The minimum charge is 25 (plus VAT) each year. The maximum charge increases in line with Average Weekly Earnings in December each year. The maximum charge from December 2015 is (plus VAT) each year. Custodian charge Sterling will take a yearly custodian charge. The charge is 0.75% (no VAT) of the total value of your account. The charge is calculated and accrued on each business day. Note The Sterling yearly charge and the custodian charge are taken in quarterly instalments, currently in March, June, September and December. Fund manager charges Individual fund managers may apply the following types of charges. For more information on individual funds, please refer to the relevant fund factsheet or simplified prospectus available from your adviser. Initial charge Some fund managers will take an initial charge on all investments. We have arranged discounts on the fund managers normal initial charges, which are taken after the Sterling initial charge. Bid/offer spread Other fund managers apply a bid/offer spread (where applicable) whereby units in a unit trust are normally bought at one price (the offer or buying price) and sold at another price (the bid or selling price). The difference between these prices takes into account the fund manager s initial charge mentioned above. The total difference between the buying price and selling price also takes into account associated dealing costs. 2

3 The total difference is known as the spread and the table below shows an example spread provided to us by the relevant fund manager. The actual spread when you buy or sell investments in any particular fund could be higher or lower than this, as it will reflect the charge applying at the time of your transaction. Ongoing Charges Fund managers will also take other ongoing charges from the funds to cover the day to day management of the fund and variable expenses such as registrar s fees, audit fees, cost of collateral, trustee and depositary. Dilution levy/adjustment When the fund manager buys and sells assets within a fund, associated dealing costs (such as stockbroker commission, fees and taxes) are normally taken from the fund. These costs are reflected in the share price and the performance of the fund, so they are borne equally among investors. However, if investors (individually or collectively) are buying or selling significant numbers of shares, relative to the size of the fund, the resulting dealing costs within the fund may adversely affect existing investors. This is called dilution. The fund manager may offset the effects of dilution so that investors who are not buying or selling at these times are treated fairly. There are two ways of doing this: A levy (called a dilution levy ) may be deducted from the value of transactions made by investors who are buying or selling at these times. The levy is paid into the fund and is used to cover the associated dealing costs, or the fund manager may adjust the share price (called a dilution adjustment ) to take account of the dealing costs so that only those investors buying and selling on that day are affected. The following Panel fund managers may currently make a dilution adjustment: Aberdeen AXA Framlington Baring F&C Fidelity First State FP Omnis GLG Ignis (Corporate Bond fund only) IM Verbatim Investec JPMorgan Kames Legg Mason M&G Newton Old Mutual Cirilium Schroder Columbia Threadneedle UBS The remaining Panel fund managers may currently take a dilution levy. The following Panel funds are single priced unit trusts so may be subject to a dilution adjustment: Schroder All Maturities Corporate Bond Schroder All Maturities Index Linked Bond Schroder Asian Income Maximiser Schroder Global Alpha Plus Schroder Global Equity Income Schroder Global Property Securities Sterling panel investment funds There is a range of Sterling panel funds for you to choose from. As well as the funds from our primary fund manager, Columbia Threadneedle, we offer a selection of funds where other fund managers manage the investments. The Sterling panel funds are chosen carefully. While this does not mean that their performance is guaranteed, we have tried to ensure that they are strong fund management companies with appropriate processes and controls. We regularly review how these funds perform and may remove funds or add new funds in the future. For information on the individual fund risks and objectives, please refer to the Sterling panel funds guide, which is available from your adviser or on our website The funds charges table provides the following information on each fund: The initial charge is the discounted charge taken by the fund manager. This is taken from your investment after Sterling s initial charge. For those funds that have different buying and selling prices we show an example difference, supplied to us by the relevant fund manager, in the column headed the spread. This includes the fund manager s initial charge and any other associated dealing costs. It changes from day to day so could be more or less than this. The spread percentage is shown for dual priced funds, even if the figure is 0%, For single priced funds the spread column shows N/A. The Ongoing Charge Figure ( OCF ) covers all aspects of operating a fund during the year including fees paid for investment management, administration and oversight. It excludes performance fees and certain portfolio transaction costs. The figures are correct at the date they were sourced from the fund managers as a result they may differ from those shown within fund manager Key Investor Information Documents (KIIDs) or by other providers, which may have been sourced on a different date. Invesco Perpetual 3

4 The reduced investment growth % shows the effect, over 10 years, of all charges and expenses (including Sterling charges) on both ISA and Investment Accounts. To show the effect of charges, we assume a rate at which the value of your investment could grow. This varies according to the funds you invest in. The Financial Conduct Authority (FCA) sets maximum assumed growth rates. The figures in the table below show the reduced investment growth, from the assumed growth rate shown, for the stated investment amount. We ve assumed that all the income is reinvested. If the reduced investment growth is negative, this shows that at the rate assumed in the table for that fund, after charges you would not get back the amount you invested. For this reason, these funds are more suited to a short-term investment or as part of a personalised portfolio. The yield shown is the latest yearly income, before tax, that the fund has produced at the time the data was sourced. Fund manager charges Assumed growth rate % Reduced investment growth % Initial Spread % Ongoing ISA ISA SIA SIA Yield charge charge ISA SIA 200 5, ,000 % Fund % figure % a month lump sum a month lump sum 7IM AAP Adventurous C Acc 0.00 N/A IM AAP Balanced C Acc 0.00 N/A IM AAP Income C Inc 0.00 N/A IM AAP Moderately Adventurous C Acc 0.00 N/A IM AAP Moderately Cautious C Acc 0.00 N/A IM Adventurous C Acc 0.00 N/A IM Balanced C Acc 0.00 N/A IM Moderately Adventurous C Acc 0.00 N/A IM Moderately Cautious C Acc 0.00 N/A Aberdeen Asia Pacific Equity I Acc 0.00 N/A Aberdeen Emerging Markets Equity I Acc 2.00 N/A Allianz BRIC Stars C Acc 0.00 N/A Allianz Gilt Yield I Inc 0.00 N/A Artemis Capital I Acc Artemis High Income I Inc Artemis Income I Inc Artemis Strategic Assets I Acc Artemis UK Growth I Acc Artemis UK Smaller Companies I Acc Artemis UK Special Situations I Acc Aviva Investors Property Trust 2 Acc AXA Framlington Global Technology Z Acc 0.00 N/A AXA Framlington Health Z Acc 0.00 N/A AXA Framlington Managed Balanced Z Acc 0.00 N/A AXA Framlington UK Select Opportunities ZI Acc 0.00 N/A Baring UK Growth I Inc BlackRock Balanced Growth Portfolio S Acc BlackRock Cash D Acc BlackRock Cash D Inc BlackRock Continental European Equity Tracker H Acc BlackRock Emerging Markets Equity Tracker H Acc BlackRock Gold & General D Acc BlackRock Japan Equity Tracker H Acc BlackRock North American Equity Tracker H Acc BlackRock Pacific Ex Japan Equity Tracker H Acc BlackRock UK Equity Tracker H Acc

5 Fund manager charges Assumed growth rate % Reduced investment growth % Initial Spread % Ongoing ISA ISA SIA SIA Yield charge charge ISA SIA 200 5, ,000 % Fund % figure % a month lump sum a month lump sum BlackRock UK Gilts All Stock Track D Acc BlackRock UK Special Situations D Acc CF Seneca Diversified Growth B Acc 0.00 N/A CF Woodford Equity Income C Inc 0.00 N/A F&C MM Lifestyle Balanced B Acc 0.00 N/A F&C MM Lifestyle Cautious B Acc 0.00 N/A F&C MM Lifestyle Defensive B Acc 0.00 N/A F&C MM Lifestyle Growth B Acc 0.00 N/A Fidelity American W Acc 0.00 N/A Fidelity Emerging Markets W Acc 0.00 N/A Fidelity European Y Acc 0.00 N/A Fidelity Global Focus W Acc 0.00 N/A Fidelity Global Property W Acc 0.00 N/A Fidelity Global Special Situations W Acc 0.00 N/A Fidelity Index Emerging Markets W Acc 0.00 N/A Fidelity Index Europe ex UK W Acc 0.00 N/A Fidelity Index Japan W Acc 0.00 N/A Fidelity Index Pacific ex Japan W Acc 0.00 N/A Fidelity Index UK A Acc 0.00 N/A Fidelity Index US W Acc 0.00 N/A Fidelity Index World W Acc 0.00 N/A Fidelity MoneyBuilder Income Y Inc 0.00 N/A Fidelity Multi Asset Open Growth Y Acc 0.00 N/A Fidelity Multi Asset Open Strategic Y Inc 0.00 N/A Fidelity Multi Asset Strategic Y Acc 0.00 N/A Fidelity South East Asia W Acc 0.00 N/A Fidelity Special Situations W Acc 0.00 N/A Fidelity Strategic Bond Y Inc 0.00 N/A Fidelity Wealthbuilder Y Acc 0.00 N/A First State Global Listed Infrastructure B Inc 0.00 N/A FP Verbatim Portfolio 4 B Acc 0.00 N/A FP Verbatim Portfolio 5 Growth B Acc 0.00 N/A FP Verbatim Portfolio 5 Income B Inc 0.00 N/A FP Verbatim Portfolio 6 B Acc 0.00 N/A FP Verbatim Portfolio 7 B Acc 0.00 N/A Global Protected Profits 0.00 N/A Henderson Cautious Managed I Acc 0.00 N/A Henderson China Opportunities I Acc 0.00 N/A Henderson Emerging Market Opportunities I Acc 0.00 N/A Henderson European Selected Opportunities I Acc 0.00 N/A Henderson Global Care Growth I Inc 0.00 N/A Henderson Global Technology I Acc 0.00 N/A Henderson MM Income & Growth I Inc 0.00 N/A Henderson Multi-Manager Absolute Return I Acc 0.00 N/A Henderson Preference & Bond I Inc 0.00 N/A Henderson Strategic Bond I Inc 0.00 N/A Henderson UK Alpha I Acc 0.00 N/A Henderson UK Property I Acc Horizon Multi-Asset I Z Acc 0.00 N/A Horizon Multi-Asset II Z Acc 0.00 N/A Horizon Multi-Asset III Z Acc 0.00 N/A

6 Fund manager charges Assumed growth rate % Reduced investment growth % Initial Spread % Ongoing ISA ISA SIA SIA Yield charge charge ISA SIA 200 5, ,000 % Fund % figure % a month lump sum a month lump sum Horizon Multi-Asset IV Z Acc 0.00 N/A Horizon Multi-Asset V Z Acc 0.00 N/A HSBC American Index C Acc 0.00 N/A HSBC UK Growth & Income C Acc 0.00 N/A HSBC UK Growth & Income C Inc 0.00 N/A IFSL Sinfonia Adventurous Growth Port A Acc 0.00 N/A IFSL Sinfonia Balanced Managed Port A Acc 0.00 N/A IFSL Sinfonia Cautious Managed Port A Acc 0.00 N/A IFSL Sinfonia Income and Growth Portfolio A Inc 0.00 N/A IFSL Sinfonia Income Portfolio A Inc 0.00 N/A Invesco Perpetual Corporate Bond Z Inc 0.00 N/A Invesco Perpetual Distribution Z Inc 0.00 N/A Invesco Perpetual European Equity Z Acc 0.00 N/A Invesco Perpetual Global Equity Z Acc 0.00 N/A Invesco Perpetual Global Targeted Returns Z Acc 0.00 N/A Invesco Perpetual High Income Z Inc 0.00 N/A Invesco Perpetual Income Z Inc 0.00 N/A Invesco Perpetual Japan Smaller Companies Z Acc 0.00 N/A Invesco Perpetual Monthly Income Plus Z Inc 0.00 N/A Investec Asia ex Japan I Acc 0.00 N/A Investec Cautious Managed I Acc 0.00 N/A Investec Global Energy I Acc 0.00 N/A Investec Global Strategic Equity I Acc 0.00 N/A Investec UK Special Situations I Inc 0.00 N/A JPM Asia C Acc 0.00 N/A JPM Emerging Europe Equity C Acc 0.00 N/A JPM Global Equity Income C Hedged Inc 0.00 N/A JPM Japan C Acc 0.00 N/A JPM Natural Resources C Acc 0.00 N/A JPM US C Acc 0.00 N/A Jupiter China I Acc Jupiter Distribution I Inc Jupiter Ecology I Inc Jupiter Emerging European Opportunities I Acc Jupiter European Special Situations I Acc Jupiter Financial Opportunities I Inc Jupiter High Income I Inc Jupiter Income I Inc Jupiter India I Acc Jupiter Merlin Balanced Portfolio I Acc Jupiter Merlin Growth Portfolio I Acc Jupiter Merlin Income Portfolio I Inc Jupiter UK Growth I Inc Kames Ethical Corporate Bond B Inc 0.00 N/A Kames Ethical Equity B Acc 0.00 N/A Kames Sterling Corporate Bond B Inc 0.00 N/A Kames Strategic Bond B Inc 0.00 N/A L&G Cash I Acc Legg Mason Martin Currie North American X Acc 0.00 N/A M&G Corporate Bond I Inc 0.00 N/A M&G Episode Allocation I Acc 0.00 N/A

7 Fund manager charges Assumed growth rate % Reduced investment growth % Initial Spread % Ongoing ISA ISA SIA SIA Yield charge charge ISA SIA 200 5, ,000 % Fund % figure % a month lump sum a month lump sum M&G Feeder of Property Portfolio I Inc M&G Gilt & Fixed Interest Income I Inc 0.00 N/A M&G North American Dividend I Acc 0.00 N/A M&G Optimal Income I Inc 0.00 N/A M&G Strategic Corporate Bond I Inc 0.00 N/A Man GLG Japan CoreAlpha Class C Acc 0.00 N/A Multimanager Protected Profits 0.00 N/A Neptune US Opportunities C Acc 0.00 N/A Newton Global Income W Inc 0.00 N/A Newton International Bond W Inc 0.00 N/A Newton Multi-Asset Balanced W Inc 0.00 N/A Newton Multi-Asset Growth W Inc 0.00 N/A Newton Real Return Inc 0.00 N/A Newton UK Income W Inc 0.00 N/A Old Mutual Cirilium Balanced R Acc 0.00 N/A Old Mutual Cirilium Conservative R Acc 0.00 N/A Old Mutual Cirilium Dynamic R Acc 0.00 N/A Old Mutual Cirilium Moderate R Acc 0.00 N/A Old Mutual Cirilium Strategic Income R Inc 0.00 N/A Old Mutual Corporate Bond R Inc Old Mutual UK Alpha U1 Acc 0.00 N/A Old Mutual UK Mid Cap R Acc Omnis Managed Adventurous B Acc 0.00 N/A Omnis Managed Balanced B Acc 0.00 N/A Omnis Managed Cautious B Acc 0.00 N/A Omnis Multi-Manager Adventurous B Acc 0.00 N/A Omnis Multi-Manager Balanced B Acc 0.00 N/A Omnis Multi-Manager Cautious B Acc 0.00 N/A Omnis Multi-Manager Distribution B Acc 0.00 N/A Optimum IM Enterprise I Acc 0.00 N/A Optimum IM Global Inc I Inc 0.00 N/A Optimum IM High Alpha I Acc 0.00 N/A Optimum IM Strategic Income I Inc 0.00 N/A Premier Multi-Asset Distribution C Inc 0.00 N/A Premier Multi-Asset Growth & Income C Inc 0.00 N/A Rathbone Income I Inc Schroder All Maturities Ind Linked Bond I Acc 0.00 N/A Schroder Asian Income Maximiser Z Inc 0.00 N/A Schroder Core UK Equity Z Inc 0.00 N/A Schroder European Opportunities Z Acc 0.00 N/A Schroder Flexible Retirement I Acc 0.00 N/A Schroder Global Alpha Plus Z Acc 0.00 N/A Schroder Global Equity Income Z Inc 0.00 N/A Schroder Global Property Securities Z Acc 0.00 N/A Schroder Income Maximiser Z Inc Schroder Income Z Inc Schroder MM Diversity Z Acc 0.00 N/A Schroder Strategic Credit Z Inc 0.00 N/A Schroder Tokyo L Acc Schroder UK Alpha Plus Z Acc Schroder UK Mid 250 Z Acc

8 Fund manager charges Assumed growth rate % Reduced investment growth % Initial Spread % Ongoing ISA ISA SIA SIA Yield charge charge ISA SIA 200 5, ,000 % Fund % figure % a month lump sum a month lump sum Schroder UK Opportunities Z Acc 0.00 N/A Schroder US Mid Cap L Acc Stewart Investors Asia Pacific Leaders B Acc 0.00 N/A Stewart Investors Worldwide Leaders B Acc 0.00 N/A Threadneedle Absolute Return Bond I Acc 0.00 N/A Threadneedle American Select Z Acc 0.00 N/A Threadneedle American Smaller Companies Z Acc 0.00 N/A Threadneedle American Z Acc 0.00 N/A Threadneedle Asia Z Acc 0.00 N/A Threadneedle Defensive Equity & Bond Z Acc Threadneedle Defensive Z Acc Threadneedle Emerging Market Bond Z Inc 0.00 N/A Threadneedle Equity & Bond Z Acc Threadneedle European Bond Ret Z Inc 0.00 N/A Threadneedle European Select Z Acc 0.00 N/A Threadneedle European Smaller Companies 0.00 N/A Ret Z Acc Threadneedle European Z Acc 0.00 N/A Threadneedle Global Bond Z Inc 0.00 N/A Threadneedle Global Equity & Bond Z Acc Threadneedle Global Equity Z Acc Threadneedle Global Select Z Acc 0.00 N/A Threadneedle High Yield Bond Z Inc 0.00 N/A Threadneedle Japan Z Acc 0.00 N/A Threadneedle Latin American Z Acc 0.00 N/A Threadneedle Managed Income Z Inc Threadneedle Monthly Extra Income Z Inc 0.00 N/A Threadneedle Sterling Bond Z Inc 0.00 N/A Threadneedle Strategic Bond Z Inc 0.00 N/A Threadneedle UK Corporate Bond Inst Inc 0.00 N/A Threadneedle UK Equity Alpha Income Z Inc 0.00 N/A Threadneedle UK Equity Income Z Inc 0.00 N/A Threadneedle UK Growth & Income Z Inc 0.00 N/A Threadneedle UK Monthly Income Z Inc 0.00 N/A Threadneedle UK Property Inst Inc Threadneedle UK Select Z Inc 0.00 N/A Threadneedle UK Smaller Companies Z Inc 0.00 N/A Threadneedle UK Z Inc 0.00 N/A Tracker Protected Profits 0.00 N/A UBS US Equity C Acc 0.00 N/A

9 Wider market investment funds You can also choose from a range of wider market funds for extra choice. These might be suitable where the Sterling panel funds don t meet your needs or you want to widen your investment portfolio. We do not apply the same selection process and will not review these funds in the way we do for Sterling panel funds. Details of these funds are available in the relevant key investor information document or simplified prospectus available from your adviser or from fund factsheets. For information on the individual fund risks and objectives, please refer to the relevant key investor information document or simplified prospectus, available from your adviser. The initial charge shown below is the discounted charge taken by the fund manager. This is taken from your investment after Sterling s initial charge. For those funds that have different buying and selling prices we show an example difference, supplied to us by the relevant fund manager, in the column headed the spread. This includes the fund manager s initial charge and any other associated dealing costs. It changes from day to day so could be more or less than this. The spread percentage is shown for dual priced funds, even if the figure is 0%. For single priced funds the spread column shows N/A. The Ongoing Charge Figure ( OCF ) covers all aspects of operating a fund during the year including fees paid for investment management, administration and oversight. It excludes performance fees and certain portfolio transaction costs. The figures are correct at the date they were sourced from the fund managers as a result they may differ from those shown within fund manager Key Investor Information Documents (KIIDs) or by other providers, which may have been sourced on a different date. The yield shown is the latest yearly income, before tax, that the fund has produced. The Ongoing Charge Figures and Yield figures contained in this document are obtained from Financial Express and give an indication of the underlying fund charges and yields at the time the data was sourced. Financial Express refresh their data regularly. Whilst reasonable care has been taken in the compilation of the data, it is not warranted to be accurate or complete and has been drawn by Financial Express from sources which are also not warranted to be accurate and complete. Fund manager charges Initial Ongoing charge Yield % SEDOL code Fund charge % Spread % figure % B0XWNK3 Aberdeen Asia Pacific & Japan Equity I Acc 0.00 N/A Aberdeen Ethical World Equity I Acc 0.00 N/A B0LG6P3 Aberdeen European Equity I Acc 0.00 N/A B0XWN58 Aberdeen European Smaller Cos I Acc 0.00 N/A Aberdeen Japan Equity I Acc 0.00 N/A B1C4288 Aberdeen Managed Distribution I Inc 0.00 N/A B0XWN25 Aberdeen North American Equity I Acc 0.00 N/A B0XWNN6 Aberdeen Property Share I Acc 0.00 N/A B131GD1 Aberdeen Responsible UK Eq I Acc 0.00 N/A B0XWNT2 Aberdeen UK Mid Cap Equity I Acc 0.00 N/A B07T485 Aberdeen UK Smaller Companies Equity I Acc 0.00 N/A Aberdeen World Emerging Markets Equity B Acc 0.00 N/A Aberdeen World Equity I Acc 0.00 N/A Alliance Trust SF Absolute Growth 2 Acc 0.00 N/A Alliance Trust SF Corporate Bond 2 Inc 0.00 N/A Alliance Trust SF European Growth 2 Net Acc 0.00 N/A Alliance Trust SF Global Growth 2 Acc 0.00 N/A Alliance Trust SF Managed 2 Inc 0.00 N/A Alliance Trust SF UK Growth 2 Acc 0.00 N/A B8HCSD3 Alliance Trust UK Ethical Fund 2 Net Acc 0.00 N/A Aviva Investors Corporate Bond 2 Inc 0.00 N/A Aviva Investors Distribution 2 Inc 0.00 N/A Aviva Investors European Equity 2 Acc 0.00 N/A B3CGJJ8 Aviva Investors High Yield 2 Inc 0.00 N/A Aviva Investors Higher Income Plus 2 Inc 0.00 N/A B3CGHN8 Aviva Investors Strategic Bond SC 2 Inc 0.00 N/A B7RBQX9 Aviva Investors UK Equity 2 Inc 0.00 N/A Aviva Investors UK Equity Income 2 Inc 0.00 N/A Aviva Investors UK Growth 2 Acc 0.00 N/A Aviva Investors UK Opportunities 2 Acc 0.00 N/A Aviva Investors UK Smaller Comp 2 Acc 0.00 N/A B7NB1W7 Baring Europe Select Trust I Inc 0.00 N/A B8DDXV3 Baring European Growth Trust I Inc B8DF234 Baring Global Growth Trust I Inc

10 Fund manager charges Initial Ongoing charge Yield % SEDOL code Fund charge % Spread % figure % B8DF1J3 Baring Strategic Bond I Inc B4VY989 BlackRock Continental European D Acc B4T5JV7 BlackRock Corporate Bond D Inc B823TT4 BlackRock Dynamic Diversified Growth D Acc B4R9F68 BlackRock Emerging Markets D Acc B80LD76 BlackRock Fixed Income Global Opportunities D Inc B8BVBN7 BlackRock Global Multi Asset Income D Inc B5YKQK2 BlackRock UK D Acc B67DWR4 BlackRock UK Income D Inc B4LHDZ3 BlackRock UK Smaller Companies D Acc B87XJQ6 BlackRock US Dynamic D Acc B8GMZS8 BlackRock US Opportunities D Acc B1F76K4 First State Asian Property Securities B 0.00 N/A B1F76P9 First State Global Property Securities B 0.00 N/A First State Global Resources B 0.00 N/A Henderson All Stocks Credit I Inc 0.00 N/A Henderson Asia Pacific Capital Growth I Acc 0.00 N/A B Henderson Asian Dividend Income I Inc Henderson Emerging Markets I Acc 0.00 N/A B54J0L8 Henderson European Focus I Acc 0.00 N/A Henderson European Growth I Acc 0.00 N/A Henderson European Smaller Companies I Acc 0.00 N/A B7GSYN7 Henderson Fixed Interest Monthly Income I Inc B4LMJ38 Henderson Global Care Managed I Acc 0.00 N/A Henderson Global Care UK Income I Inc 0.00 N/A B68SFJ1 Henderson Global Growth I Acc Henderson Index Linked Bond I Inc 0.00 N/A Henderson Japan Opportunities I Acc 0.00 N/A Henderson Long Dated Credit I Inc 0.00 N/A B03TNW6 Henderson Long Dated Gilt I Gr Inc 0.00 N/A B1L7448 Henderson Multi-Manager Diversified I Acc 0.00 N/A B8B6NJ2 Henderson Multi-Manager Global Select I Acc 0.00 N/A BQ8NSN1 Henderson UK & Irish Smaller Companies I Acc 0.00 N/A Henderson UK Equity Income & Growth I Inc 0.00 N/A Henderson UK Gilt I Inc 0.00 N/A Henderson UK Smaller Companies I Acc 0.00 N/A B3B4JF9 Henderson US Growth I Acc 0.00 N/A Henderson World Select I Acc 0.00 N/A B85KC15 HSBC Corporate Bond C Acc 0.00 N/A B6Q9541 HSBC European Growth C Acc 0.00 N/A B80QGH2 HSBC European Index C Acc 0.00 N/A B80QFR5 HSBC FTSE 100 Index C Acc 0.00 N/A B80QG05 HSBC FTSE 250 Index C Acc 0.00 N/A B80QFX1 HSBC FTSE All Share Index C Acc 0.00 N/A B80L0G4 HSBC Income C Inc 0.00 N/A B80QGN8 HSBC Japan Index C Acc 0.00 N/A B84BZW1 HSBC Open Global Distribution C Inc 0.00 N/A B5KNJT5 HSBC Open Global Return C Acc 0.00 N/A B80QGT4 HSBC Pacific Index C Acc 0.00 N/A B8KCZN9 Insight Corporate Bond W Inc 0.00 N/A B8N44Q8 Invesco Perpetual Asian Z Acc 0.00 N/A B8N4695 Invesco Perpetual Emerging European Z Acc 0.00 N/A B8N4587 Invesco Perpetual European High Income Z Inc 0.00 N/A B8N46C8 Invesco Perpetual European Smaller Companies Z Acc 0.00 N/A B8N45G5 Invesco Perpetual Global Bond Z Inc 0.00 N/A B8N4673 Invesco Perpetual Global Emerging Markets Z Acc 0.00 N/A B8N4617 Invesco Perpetual Global Equity Income Z Inc 0.00 N/A B8N4628 Invesco Perpetual Global Opportunities Z Acc 0.00 N/A B8N46D9 Invesco Perpetual Global Smaller Companies Z Acc 0.00 N/A

11 Fund manager charges Initial Ongoing charge Yield % SEDOL code Fund charge % Spread % figure % B8N45B0 Invesco Perpetual High Yield Z Inc 0.00 N/A B8N44V3 Invesco Perpetual Hong Kong & China Z Acc 0.00 N/A B8N46P1 Invesco Perpetual Income & Growth Z Inc 0.00 N/A B8N44B3 Invesco Perpetual Latin American Z Acc 0.00 N/A B8N4639 Invesco Perpetual Managed Growth Z Acc 0.00 N/A B8N4662 Invesco Perpetual Managed Income Z Inc 0.00 N/A B8N44X5 Invesco Perpetual Pacific Z Acc 0.00 N/A B8N46Q2 Invesco Perpetual UK Focus Z Acc 0.00 N/A B8N46S4 Invesco Perpetual UK Growth Z Acc 0.00 N/A B8N46H3 Invesco Perpetual UK Smaller Companies Equity Z Acc 0.00 N/A B8N44D5 Invesco Perpetual US Equity Z Acc 0.00 N/A B0CNH83 L&G Ethical I Inc B0CNGQ4 L&G European Index I Inc B0CNGW0 L&G Japan Index I Acc B0CNGY2 L&G Pacific Index I Acc B0CNH49 L&G UK 100 Index I Inc B0CNGN1 L&G UK Index I Acc B6SQYF4 M&G Asian I Acc 0.00 N/A B6T64N1 M&G Dividend I Inc 0.00 N/A B4TL2D8 M&G Emerging Markets Bond I Inc 0.00 N/A B5V3ZY1 M&G Episode Growth I Acc 0.00 N/A B3W1971 M&G European Corporate Bond I Inc 0.00 N/A B7FS245 M&G European High Yield Bond I Inc 0.00 N/A B7L2746 M&G European Select I Acc 0.00 N/A B7J8PS6 M&G European Smaller Companies I Acc 0.00 N/A B70D579 M&G Extra Income I Inc 0.00 N/A B39R2Q2 M&G Global Dividend I Acc 0.00 N/A B3FFXX4 M&G Global Emerging Markets I Acc 0.00 N/A B6ZD1B3 M&G Global High Yield Bond I Inc 0.00 N/A B4Q4H57 M&G Global Leaders I Acc 0.00 N/A B78PH60 M&G Global Macro Bond I Inc 0.00 N/A B77HHZ6 M&G Global Select I Acc 0.00 N/A B M&G Index-Linked Bond I Inc 0.00 N/A B74CQP7 M&G Japan I Acc 0.00 N/A B7FGLY2 M&G Japan Smaller Companies I Acc 0.00 N/A B61S424 M&G North American Value I Acc 0.00 N/A B5ZSNC6 M&G Pan European Select I Acc 0.00 N/A B8JXBQ8 M&G Short Dated Corporate Bond I Inc 0.00 N/A B75DFL8 M&G Smaller Companies I Acc 0.00 N/A B6677B6 M&G UK Select I Acc 0.00 N/A B5Q3858 Neptune China C Acc 0.00 N/A Neptune Global Alpha C Acc 0.00 N/A B3Z0Y81 Neptune Japan Opportunities C Acc 0.00 N/A B909HH5 Neptune Latin America C Acc 0.00 N/A B8J70J6 Neptune Quarterly Income C Inc B86WB79 Neptune Russia & Gr Russia C Acc 0.00 N/A B1L6F31 Neptune South East Asia C Acc 0.00 N/A B8L76S5 Neptune UK Opportunities C Acc 0.00 N/A B8KPW26 Newton Asian Income W Inc 0.00 N/A B801BG1 Newton Global Dynamic Bond W Inc 0.00 N/A B53Q5S2 Newton Global Equity W Inc 0.00 N/A B8BX3V5 Newton Global High Yield Bond W Inc 0.00 N/A B81C839 Newton Multi-Asset Diversified Return W Acc 0.00 N/A B8GBZY1 Newton Oriental W Inc 0.00 N/A B8GHL29 Newton UK Equity W Inc 0.00 N/A B7RLX83 Newton UK Opportunities W Inc 0.00 N/A Premier Ethical C Inc 0.00 N/A Premier Global Utilities Income C Inc 0.00 N/A Premier Income C Inc 0.00 N/A

12 Fund manager charges Initial Ongoing charge Yield % SEDOL code Fund charge % Spread % figure % Premier Monthly Income C Inc 0.00 N/A Premier UK Growth C Inc 0.00 N/A B7FN6N7 Rathbone Blue Chip Inc and Growth I Inc B7FQJT3 Rathbone Ethical Bond I Inc B7FQLN1 Rathbone Global Opportunities I Acc B7FQM50 Rathbone Recovery I Acc B5W01T8 Schroder Absolute Return Bond Z Inc B559X85 Schroder Asian Income Z Inc B2Q1N56 Schroder Dynamic Multi Asset Z Acc 0.00 N/A B7LDKR3 Schroder European Alpha Plus Z Acc B76V5M2 Schroder European Smaller Companies Z Acc B76V5Q6 Schroder Global Emerging Markets Z Acc B76V7Q0 Schroder Global Healthcare Z Acc B3TVPT8 Schroder Japan Alpha Plus Z Acc B84YNB5 Schroder Managed Wealth Portfolio Z Acc B76V878 Schroder MM High Alpha Z Acc 0.00 N/A B Schroder Monthly High Income Z Inc B3VVG60 Schroder Recovery Z Acc B3VQSZ8 Schroder UK Equity Z Acc B76V7Z9 Schroder UK Smaller Companies Z Acc B1FL7V4 SVM All Europe SRI B 0.00 N/A SVM Continental Europe B 0.00 N/A SVM UK Growth B 0.00 N/A SVM UK Opportunities B 0.00 N/A B0KXSK4 SVM World Equity B 0.00 N/A B14RG16 SWIP MM Global Real Estate Securities B Acc 0.00 N/A T. Bailey Growth I Acc 0.00 N/A B8L1Q10 The Boston Company US Opportunities W Inc 0.00 N/A B846CP8 Threadneedle China Opportunities Z Acc 0.00 N/A B9BRCL7 Threadneedle Dollar Bond Ret Z Inc 0.00 N/A B7MJ025 Threadneedle European Corporate Bond Z Acc 0.00 N/A B8BYHK5 Threadneedle Global Emerging Markets Equity Z Acc 0.00 N/A B1YW3T8 Threadneedle Global Equity Inc Inst Acc 0.00 N/A B992G23 Threadneedle Pan European Smaller Companies Z Acc 0.00 N/A B7JXNN2 Threadneedle Target Return Z Acc 0.00 N/A B8BX5X1 Threadneedle UK Mid 250 Z Acc 0.00 N/A SEDOL codes London Stock Exchange, reproduced under license. Figures published November 2015 Please let us know if you would like a copy of this in large print or braille, or on audiotape or CD. Sterling ISA Managers Limited, authorised and regulated by the Financial Conduct Authority. Registered in England and Wales under company number DP127487A57 (10/15) RRD Registered Office: The Grange, Bishops Cleeve, Cheltenham, GL52 8XX. Sterling ISA Managers Limited. Sterling Centre, PO Box 461, Bishops Cleeve, Cheltenham, Gloucestershire GL52 8ZN Telephone number info@sterling-assurance.co.uk We may record or monitor calls to improve our service.