Mirror funds your guide

Transcription

1 Mirror funds your guide 28 November 2014 Zurich International Life

2 Contents Introduction... 3 what are the benefits?... 4 what are the risks?... 4 charges... 5 Leaving the decisions to the professionals... 7 Mirror funds... 8 ILP sub-funds for Singapore

3 Introduction Zurich International Life (Zurich) is proud to offer a range of specialist mirror funds that allow investment into specific regions, assets or sectors, from selected leading investment managers. So what are mirror funds? Very simply, Zurich has negotiated agreements with leading investment management organisations around the world to offer a range of funds to suit all risk appetites. For each fund managed by these external investment managers, Zurich has created its own fund, investing exclusively in the external fund (apart from a small cash holding from time to time). The aim of this brochure is to provide you with a practical guide to Zurich s mirror funds and should help you with the facts you need to make the investment choice that is right for you. This mirror fund guide should be read in conjunction with the following brochures: Vista/InvestPlus Futura/Lifelong Elite Harvester Magnus Investments your guide These products are closed to new business. The following information is only a summary and may be subject to change without notice. It was obtained from what we believe to be reliable sources at the time of publication. However, its accuracy and completeness cannot be guaranteed. Neither Zurich nor any associated companies nor representatives, can accept responsibility for any errors or omissions. Zurich will not give advice on the funds in this brochure. You should ensure that you understand the risks involved with investing in these funds before making your decision. Zurich provide information on the range of funds for your investment in this brochure Mirror funds your guide and in the Investments your guide brochure. 3

4 What are the benefits? A wide fund range with access to worldwide major and emerging investment markets, in addition to a range of alternative and specialist investments. You can access a range of major currencies. Zurich can access expertise from some of the investment management specialists in specific areas creating the potential to achieve capital growth on your behalf. Ability to construct a portfolio tailored to your individual risk profile. No restriction to one asset type or fund manager. The pages that follow outline details about the fund managers and funds you can access via Zurich s funds. If you would like further information about any of the fund managers featured in this brochure, please refer to the fund manager s own fund literature. What are the risks? Please remember that past performance is not a guide to future performance. The value of any investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. You should note that investing in mirror funds could result in the possibility of large and sudden falls in the prices of shares. The shortfalls on cancellation or loss on realisation could be considerable. You could get back nothing at all. You should note that when investing into mirror funds, the charges, expenses and taxation of the underlying funds vary and performance may differ. Please note that when investing in a fund that invests in developing or emerging markets, or in a specialist sector, you should be prepared to accept a higher degree of risk than for a fund with a broader investment mandate. Similarly, alternative investments carry different risks to traditional funds. Developing or emerging market funds, specialist investments and alternative funds may not be appropriate for you due to the potential investment risks associated with them. Zurich will not give advice on the funds in this brochure. You should ensure that you understand the risks involved with investing in these funds before making your decision. Zurich provides information on the range of funds for your investment in this Mirror funds your guide and in the Investments your guide brochures. Nothing contained in this guide should be construed as guidance to the suitability of the markets mentioned, neither is it intended as an offer to invest. Anyone considering investing in these markets should seek professional guidance. 4

5 Charges As you would expect, an investment service of this nature costs money. It is our aim, however, to beat inflation and generate genuine personal wealth over time. Our charges reflect this professional active input. Zurich s mirror fund management charge This charge covers our fund accounting procedures, administering and reporting. The charge we make for this service is shown below and is expressed as a percentage amount each year of the fund. It is deducted daily before calculating the unit price. Zurich mirror fund % charge p.a. Mirror fund management charge 0.75% Underlying fund annual management charge An underlying fund annual management charge will be levied by the external fund managers on the underlying investments of the mirror funds to cover fees and costs incurred in the running of the underlying funds. Some mirror funds may also have a performance fee levied by the underlying fund manager. Details can be found on pages These charges will be reflected in the unit price of the mirror fund. Additional expenses The underlying fund manager may levy additional charges on the funds to cover other fees and costs incurred in the running of the funds. These will cover, among other expenses, the cost of the audit fees, directors fees and charges for safe custody of fund assets. These expenses vary with the type of fund selected and vary over time. In some cases, the underlying fund manager may choose to deduct a fixed annual fee from the fund to cover all or part of the variable expenses. These charges and expenses will be reflected in the unit price of the mirror fund and are separate from Zurich s mirror fund management charge and the underlying fund annual management charge. For full details of the additional expenses for particular funds, please refer to the marketing material of the relevant fund manager. The underlying fund annual management charge as detailed on pages 8-27 is in addition to the mirror fund management charge of 0.75%. 5

6 Distributor fee Some funds will make additional payments based on the value of holdings in the funds to certain financial adviser firms. This distributor fee will be taken from the fund charges disclosed to you and rebated to the introducing broker via a commission sharing arrangement. If these charges are relevant in your case, your financial adviser should make these clear to you. Applications are subject to compliance with local regulations. Underlying fund dealing costs In certain circumstances if you switch out of or encash your units in a mirror fund, the unit price may reflect the dealing costs associated with redeeming the investments in the underlying funds. All the charges described are separate from those levied in respect of individual products. You should ensure that you have a good understanding of the underlying funds, and all fees and charges associated with them. For further information and for updates on developments in the underlying funds, please contact the underlying fund manager. All charges are subject to regular review by Zurich and the underlying fund manager and may change in the future. For further information on all product charges, please refer to the individual product policy terms and conditions and principal brochure, copies of which are available on request. 6

7 Leaving the decisions to the professionals Today Zurich offers you the opportunity to invest your money with the following world class investment management groups. Aberdeen Asset Management PLC Allianz Global Investors Alquity Investment Management Amundi Asset Management Aviva Investors Baring Asset Management BlackRock BNP Paribas Investment Partners BNY Mellon Asset Management Dominion Fund Management DWS Investments Emirates NBD Asset Management Fidelity Worldwide Investment First State Investments Franklin Templeton Investments Henderson Global Investors HSBC Global Asset Management Invesco Investec Asset Management JPMorgan Asset Management Jupiter Legg Mason Lyxor Asset Management M&G Investments Miton Matthews Asia Momentum Global Investment Management Morgan Stanley Investment Management Natixis Global Asset Management Neptune Investment Management Nordea Investment Funds S.A. PineBridge Investments Schroders Threadneedle Investments UBS Global Asset Management 7

8 Mirror funds As part of our commitment to providing a comprehensive range of investment funds, we have made the following funds available. Fund details All the annual management charges relate to the underlying fund. However, these are subject to review and may change in the future. Please note that past performance is not a guide to future performance. The value of any investment and the income from it can fall as a result of market and currency fluctuations and you could get back less than you originally invested. Fund information and charges are accurate at the time of printing but are subject to change. Existing policy owners are always advised to consult their relevant financial professionals for updated fund details before making any fund switches. Further information on the funds can be found on our Fund Centre, go to Closures, mergers, variations in fund structures, charges, authorisation, registration and address of the underlying funds may be subject to change by relevant fund managers. You are always advised to refer to the current literature. For further information regarding the underlying funds, please refer to the fund prospectus of the underlying fund which is available from Zurich International Life. Money market ZI Emirates Islamic Money Market fund 1,2 Underlying fund: Emirates Islamic Money Market fund Annual management charge: 0.50% p.a. Fund code: 3LUSD ZI Fidelity Currency fund Underlying fund: Fidelity Currency fund Denomination: euros, sterling and US dollars Fund code: DVEUR, BXGBP and OYUSD ZI Nordea 1 SEK Reserve fund Underlying fund: Nordea 1 SEK Reserve fund Denomination: Swedish krona Annual management charge: 0.13% p.a. Fund code: AGSEK Global bond ZI Amundi Funds Bond Global Aggregate fund 3 Underlying fund: Amundi Funds Bond Global Aggregate fund Annual management charge: 0.80% p.a. Fund code: CWUSD ZI BlackRock Global Funds Global Government Bond fund Underlying fund: BlackRock Global Funds Global Government Bond fund Denomination: euros 4 and US dollars Annual management charge: 0.75% p.a. Fund code: ALEUR and BPUSD 1 This fund is only available in the Middle East region. 2 For investments into the Emirates funds,a distributor fee may be paid from the fund charges disclosed to you and rebated to the introducing broker. If these charges are relevant in your case, your financial adviser should make these clear to you. Irrespective of any such arrangement, the fee paid by investors into the relevant share class of the underlying fund is the same and all investors rank equally with each other. Stated fund prices are inclusive of all such fees and relevant fund related charges. Applications are subject to compliance with local regulations. 4 This fund is a hedged share class which aims to provide investors with a return correlated to the base currency performance of the fund, by reducing the effect of exchange rate fluctuations between the base and hedged currency. It is important to note that the hedge is not perfect it aims to reduce, not eliminate, currency risk. 8

9 ZI Emirates Global Sukuk fund 3 Underlying fund: Emirates Global Sukuk fund Annual management charge: 1.25% p.a. Fund code: I3USD ZI Fidelity International Bond fund Underlying fund: Fidelity Funds International Bond fund Annual management charge: 0.75% p.a. Fund code: FCUSD ZI HSBC MultiAlpha Global Aggregate Bond fund 3 Underlying fund: HSBC MultiAlpha Global Aggregate Bond fund Annual management charge: 0.90% p.a. Fund code: 3GUSD ZI Invesco Bond fund Underlying fund: Invesco Bond fund Annual management charge: 0.75% p.a. Fund code: OPUSD ZI Invesco Global Bond fund 3 Underlying fund: Invesco Global Bond fund Annual management charge: 0.75% p.a. Fund code: OQUSD ZI Invesco Global Bond EUR hedged fund Underlying fund: Invesco Global Bond EUR hedged fund Denomination: euros 4 Annual management charge: 0.90% p.a. Fund code: DNEUR ZI Jupiter Global Funds Dynamic Bond fund Underlying fund: Jupiter Global Funds Dynamic Bond fund Denomination: US dollar Annual management charge: 1.25% p.a. Fund code: USDGD ZI Loomis Multisector Income fund 1,5,6 Underlying fund: Loomis Multisector Income fund Annual management charge: 1.80% p.a. Fund code: X7USD ZI Morgan Stanley Investment Funds Global Bond fund Underlying fund: Morgan Stanley Investment Funds Global Bond fund Annual management charge: 0.80% p.a. Fund code: DBUSD ZI PIMCO GIS Total Return Bond SGD (hedged) fund 7 Underlying fund: PIMCO GIS Total Return Bond SGD (hedged) fund Denomination: Singapore dollars 4 Annual management charge: 1.40% p.a. Fund code: BHSGD 1 This fund is only available in the Middle East region. 4 This fund is a hedged share class which aims to provide investors with a return correlated to the base currency performance of the fund, by reducing the effect of exchange rate fluctuations between the base and hedged currency. It is important to note that the hedge is not perfect it aims to reduce, not eliminate, currency risk. 5 For investments into the Natixis funds, a distributor fee may be paid from the fund charges disclosed to you and rebated to the introducing broker. If these charges are relevant in your case, your financial adviser should make these clear to you. Irrespective of any such arrangement, the fee paid by investors into the relevant share class of the underlying fund is the same and all investors rank equally with each other. Stated fund prices are inclusive of all such fees and relevant fund related charges. Applications are subject to compliance with local regulations. 6 The Fund Manager elects not to disclose an Annual Management Charge. The figure quoted is the maximum Total Expense Ratio, which may contain both managers charges and addtional expenses. The latest disclosed TER will be reflected on the fact sheet. 7 This fund is only available in Singapore. 9

10 ZI Schroder ISF Global Convertible Bond fund Underlying fund: Schroder ISF Global Convertible Bond fund Denomination: euros 3,4 and US dollars Annual management charge: 1.25% p.a. Fund code: FXEUR 3 and R3USD ZI Schroder ISF Global Inflation Linked Bond fund Underlying fund: Schroder ISF Global Inflation Linked Bond fund Denomination: euros and US dollars 4 Annual management charge: 0.75% p.a. Fund code: BLEUR and GAUSD ZI Templeton Global Bond fund Underlying fund: Templeton Global Bond fund Denomination: Swedish krona 3 and US dollars Annual management charge: 1.05% p.a. 8 (Swedish Krona share class)/1.25% p.a. 8 (USD share class) Fund code: AJSEK 3 and TEUSD ZI Templeton Global Total Return fund Underlying fund: Templeton Global Total Return fund Annual management charge: 1.05% p.a. 8 Fund code: TDUSD ZI Threadneedle Global Bond fund Underlying fund: Threadneedle Global Bond fund Annual management charge: 1.25% p.a. Fund code: IBUSD Sterling bond ZI Threadneedle Sterling Bond fund Underlying fund: Threadneedle Sterling Bond fund Denomination: sterling Fund code: BNGBP US dollar bond ZI Franklin US Government fund Underlying fund: Franklin US Government fund Annual management charge: 0.95% p.a. 8 Fund code: TCUSD ZI Threadneedle US Dollar Bond fund Underlying fund: Threadneedle US Dollar Bond fund Fund code: BNUSD Euro bond ZI Invesco European Bond fund Underlying fund: Invesco European Bond fund Annual management charge: 0.75% p.a. Fund code: IEUSD ZI Threadneedle European Bond fund Underlying fund: Threadneedle European Bond fund Denomination: euros Fund code: BNEUR ZI UBS Swiss Franc Bond fund Underlying fund: UBS Bond fund (CHF) Denomination: Swiss francs Annual management charge: 0.90% p.a. Fund code: UBCHF Protected ZI Invesco Capital Shield 90 fund 3 Underlying fund: Invesco Capital Shield 90 fund Denomination: euros Fund code: ICEUR 4 This fund is a hedged share class which aims to provide investors with a return correlated to the base currency performance of the fund, by reducing the effect of exchange rate fluctuations between the base and hedged currency. It is important to note that the hedge is not perfect it aims to reduce, not eliminate, currency risk. 8 The Annual Management Charge (AMC) contains an additional charge that is deducted by the Management Company to cover the fund s ongoing Distributor/servicing costs. The charge is listed separately to the AMC in the fund s prospectus but is displayed collectively within this guide. 10

11 ZI Investec Multi-Asset Protector fund 3,9 Underlying fund: Investec Multi-Asset Protector fund Denomination: sterling Annual management charge: 1.60% p.a. Fund code: DZGBP ZI Invesco Global High Income Bond fund Underlying fund: Invesco Global High Income Bond fund Fund code: ORUSD ZI JPMorgan Structured Funds plc Global Protected Profits fund 3,6 Underlying fund: JPMorgan Structured Global Protected Profits fund Denomination: sterling Annual management charge: 1.2% p.a. Fund code: EFGBP ZI Investec Investment Grade Corporate Bond fund 3,4 Underlying fund: Investec Investment Grade Corporate Bond fund Denomination: euros and US dollars Annual management charge: 0.75% p.a. Fund code: FTEUR and G3USD High Yield and Corporate bond ZI Baring GUF High Yield Bond fund Underlying fund: Baring GUF High Yield Bond fund Fund code: NBUSD ZI Fidelity Funds European High Yield SEK hedged fund 3 Underlying fund: Fidelity Funds European High Yield SEK hedged fund Denomination: Swedish krona Fund code: AFSEK ZI Invesco Euro Corporate Bond fund Underlying fund: Invesco Euro Corporate Bond fund Denomination: euros Fund code: DMEUR ZI Threadneedle (LUX) USD High Income Bonds 7 Underlying fund: ZI Threadneedle (LUX) USD High Income Bonds Annual management charge: 1.25% p.a Fund code: USDDE Asian bond ZI Aberdeen Global Asian Local Currency Short Duration Bond fund 3 Underlying fund: Aberdeen Global Asian Local Currency Short Duration Bond fund Fund code: OMUSD ZI Schroder ISF Asian Bond Absolute Return fund Underlying fund: Schroder ISF Asian Bond Absolute Return fund Annual management charge: 1.25% p.a. Fund code: CBUSD 4 This fund is a hedged share class which aims to provide investors with a return correlated to the base currency performance of the fund, by reducing the effect of exchange rate fluctuations between the base and hedged currency. It is important to note that the hedge is not perfect it aims to reduce, not eliminate, currency risk. 6 The Fund Manager elects not to disclose an Annual Management Charge. The figure quoted is the maximum Total Expense Ratio, which may contain both managers charges and additional expenses. The latest disclosed TER will be reflected on the fact sheet. 7 This fund is only available in Singapore. 9 The Investec Multi-Asset Protector fund aims to provide protection of 80% of the highest net asset value per share ever achieved. However, it is important to note that this level of protection is not guaranteed and applies only to the USD price. The protection mechanism is provided by a third party and Zurich International Life has no liability to investors in respect of this protection. The protection applies only to the capital amount invested in the funds and the application of plan charges by Zurich International Life may mean that investors could get back less than 80% of the capital invested. 11

12 ZI Schroder ISF Asian Convertible Bond fund 3,4 Underlying fund: Schroder ISF Asian Convertible Bond fund Denomination: euros and US dollars Annual management charge: 1.25% p.a. Fund code: FVEUR and P3USD ZI Templeton Asian Bond fund 3 Underlying fund: Templeton Asian Bond fund Annual management charge: 1.05% p.a. 8 Fund code: 4QUSD ZI UBS Australian Dollar Bond fund Underlying fund: UBS Bond fund (AUD) Denomination: Australian dollars Annual management charge: 0.90% p.a. Fund code: UCAUD Emerging markets bond ZI Baring IUF Emerging Market Debt Local Currency 1 Underlying fund: Baring IUF Emerging Market Debt Local Currency Annual management charge: 1.25% p.a. Fund code: USDDG ZI Emirates MENA Fixed Income fund 1,2 Underlying fund: Emirates MENA fixed Income fund Annual management charge: 1.85% p.a. Fund code: 7TUSD ZI Fidelity Emerging Markets Debt SEK (Hedged) fund 3,4 Underlying fund: Fidelity Emerging Markets Debt SEK (Hedged) fund Denomination: Swedish krona Annual management charge: 1.25% p.a. Fund code: ALSEK ZI HSBC GIF Global Emerging Markets Bond fund Underlying fund: HSBC GIF Global Emerging Markets Bond fund Fund code: NUUSD ZI Invesco Emerging Local Currencies Debt fund 3 Underlying fund: Invesco Emerging Local Currencies Debt fund Fund code: 4YUSD ZI Parvest Bond Best Selection World Emerging fund Underlying fund: Parvest Bond Best Selection World Emerging fund Annual management charge: 1.50% p.a Fund code: KAUSD ZI Threadneedle Emerging Market Bond fund Underlying fund: Threadneedle Emerging Market Bond fund Fund code: EBUSD 1 This fund is only available in the Middle East region. 2 For investments into the Emirates funds,a distributor fee may be paid from the fund charges disclosed to you and rebated to the introducing broker. If these charges are relevant in your case, your financial adviser should make these clear to you. Irrespective of any such arrangement, the fee paid by investors into the relevant share class of the underlying fund is the same and all investors rank equally with each other. Stated fund prices are inclusive of all such fees and relevant fund related charges. Applications are subject to compliance with local regulations. 4 This fund is a hedged share class which aims to provide investors with a return correlated to the base currency performance of the fund, by reducing the effect of exchange rate fluctuations between the base and hedged currency. It is important to note that the hedge is not perfect it aims to reduce, not eliminate, currency risk. 8 The Annual Management Charge (AMC) contains an additional charge that is deducted by the Management Company to cover the fund s ongoing Distributor/servicing costs. The charge is listed separately to the AMC in the fund s prospectus but is displayed collectively within this guide. 12

13 Property ZI Aviva Investors Property Trust fund 3 Underlying fund: Aviva Investors Property Trust fund Denomination: sterling Annual management charge: 1.25% p.a. Fund code: DMGBP ZI Franklin Global Real Estate fund 7 Underlying fund: Franklin Global Real Estate fund Denomination: Singapore dollars 8 Fund code: BESGD ZI Henderson Horizon Asia Pacific Property Equities fund Underlying fund: Henderson Horizon Asia Pacific Property Equities fund Annual management charge: 1.20% p.a. 11 Fund code: EFUSD ZI Henderson Horizon Global Property Equities USD fund Underlying fund: Henderson Horizon Global Property Equities USD fund Annual management charge: 1.20% p.a. 11 Fund code: BAUSD ZI Morgan Stanley Investment Funds Asian Property fund Underlying fund: Morgan Stanley Investment Funds Asian Property fund Annual management charge: 1.40% p.a. Fund code: DCUSD ZI Morgan Stanley Investment Funds European Property fund Underlying fund: Morgan Stanley Investment Funds European Property fund Annual management charge: 1.40% p.a. Fund code: DDUSD ZI Schroder ISF Global Property Securities fund 3 Underlying fund:schroder ISF Global Property Securities fund Fund code: 7GUSD Managed adventurous ZI Emirates Active Managed fund 1,2 Underlying fund: Emirates Active Managed fund Annual management charge: 1.60% p.a. Fund code: K4USD 1 This fund is only available in the Middle East region. 2 For investments into the Emirates funds,a distributor fee may be paid from the fund charges disclosed to you and rebated to the introducing broker. If these charges are relevant in your case, your financial adviser should make these clear to you. Irrespective of any such arrangement, the fee paid by investors into the relevant share class of the underlying fund is the same and all investors rank equally with each other. Stated fund prices are inclusive of all such fees and relevant fund related charges. Applications are subject to compliance with local regulations. 7 This fund is only available in Singapore. 8 The Annual Management Charge (AMC) contains an additional charge that is deducted by the Management Company to cover the fund s ongoing Distributor/servicing costs. The charge is listed separately to the AMC in the fund s prospectus but is displayed collectively within this guide. 11 The performance fee for these funds is 10% of the amount by which the increase in total net asset value per share during the relevant performance period exceeds the increase in the FTSE EPRA/NAREIT Global Total Return Index over the same period (or the growth in value of the net assets per share where the FTSE EPRA/NAREIT Global Total Return Index has declined). Each period from 1 July to 30 June shall be a performance period. Please note no performance fee will be taken until any historic underperformance has been recovered. 13

14 Managed balanced ZI BlackRock Global Funds Global Allocation fund Underlying fund: BlackRock Global Funds Global Allocation fund Denomination: euros 4, Singapore dollars and US dollars Fund code: BHEUR, ALSGD and ERUSD ZI CF Miton Special Situations fund Underlying fund: CF Miton Special Situations fund Denomination: sterling, US dollars (Sterling share class)/1.75% p.a.(usd share class) Fund code: DGGBP and 7LUSD ZI Emirates Balanced Managed fund 1,2 Underlying fund: Emirates Balanced Managed fund Annual management charge: 1.60% p.a. Fund code: L4USD ZI HSBC Open Global Distribution fund 3 Underlying fund: HSBC Open Global Distribution fund Denomination: sterling Annual management charge: 1.25% p.a. Fund code: DPGBP ZI HSBC Open Global Return fund 3 Underlying fund: HSBC Open Global Return fund Denomination: sterling Annual management charge: 1.25% p.a. Fund code: DOGBP ZI JPMorgan Global Capital Preservation fund 3 Underlying fund: JPMorgan Global Preservation fund Denomination: Swedish krona and US dollars Annual management charge: 1.25% p.a. Fund code: AASEK 12 and CKUSD ZI JPMorgan Global Conservative Balanced fund 3 Underlying fund: JPMorgan Global Conservative Balanced fund Denomination: Swedish krona Annual management charge: 1.70% p.a. Fund code: AKSEK ZI Jupiter Merlin International Balanced Managed fund Underlying fund: Jupiter Merlin International Balanced Managed fund Denomination: euros and US dollars Fund code: GYEUR and Y9USD ZI M&G Managed Growth fund 3 Underlying fund: M&G Managed Growth fund Denomination: sterling Fund code: EIGBP Managed cautious ZI Emirates Conservative Managed fund 1,2 Underlying fund: Emirates Conservative Managed fund Fund code: M4USD 1 This fund is only available in the Middle East region. 2 For investments into the Emirates funds,a distributor fee may be paid from the fund charges disclosed to you and rebated to the introducing broker. If these charges are relevant in your case, your financial adviser should make these clear to you. Irrespective of any such arrangement, the fee paid by investors into the relevant share class of the underlying fund is the same and all investors rank equally with each other. Stated fund prices are inclusive of all such fees and relevant fund related charges. Applications are subject to compliance with local regulations. 4 This fund is a hedged share class which aims to provide investors with a return correlated to the base currency performance of the fund, by reducing the effect of exchange rate fluctuations between the base and hedged currency. It is important to note that the hedge is not perfect it aims to reduce, not eliminate, currency risk. 12 The ZI JPMorgan Global Capital Preservation fund price (Swedish Krona) is created through a daily currency switch in SEK from the USD share class of the same fund. It is therefore exposed daily to currency exchange rate fluctuations between SEK and USD. Investors should be aware of the presence of this currency exchange risk before investing. 14

15 Managed growth ZI Jupiter Global Funds European Growth Underlying fund: Jupiter Global Funds European Growth Denomination: sterling Fund code: GLGBP ZI Jupiter Merlin International Equity fund Underlying fund: Jupiter Merlin International Equity fund Denomination: euros and US dollars Fund code: GZEUR and Z9USD Global equity ZI Aberdeen Global Technology Equity fund Underlying fund: Aberdeen Global Technology Equity fund Fund code: ATUSD ZI BlackRock Global Funds Global Enhanced Equity Yield fund Underlying fund: BlackRock Global Funds Global Enhanced Equity Yield fund Fund code: FIUSD ZI Dominion Global Trends Consumer B 1 Underlying fund: Dominion Global Trends Consumer B Annual management charge: 2.10% p.a. Fund code: USDAU ZI Fidelity Funds Global Dividend fund Underlying fund: Fidelity Funds Global Dividend Denomination: US dollar Fund code: USDFT ZI Fidelity International fund Underlying fund: Fidelity Funds International fund Fund code: FAUSD ZI Fidelity World fund Underlying fund: Fidelity Funds World fund Denomination: euros Fund code: FEEUR ZI Franklin Templeton Mutual Global Discovery fund 3 Underlying fund: Franklin Templeton Mutual Global Discovery fund 8 Fund code: R2USD ZI Harris Associates Global Equity fund 1,5,6 Underlying fund: Harris Associates Global Equity fund Annual management charge: 2.70% p.a. Fund code: 4EUSD ZI HSBC MultiAlpha Global Equity fund 3 Underlying fund: HSBC MultiAlpha Global Equity fund Fund code: 3IUSD 1 This fund is only available in the Middle East region. 5 For investments into the Natixis funds, a distributor fee may be paid from the fund charges disclosed to you and rebated to the introducing broker. If these charges are relevant in your case, your financial adviser should make these clear to you. Irrespective of any such arrangement, the fee paid by investors into the relevant share class of the underlying fund is the same and all investors rank equally with each other. Stated fund prices are inclusive of all such fees and relevant fund related charges. Applications are subject to compliance with local regulations. 6 The Fund Manager elects not to disclose an Annual Management Charge. The figure quoted is the maximum Total Expense Ratio, which may contain both managers charges and addtional expenses. The latest disclosed TER will be reflected on the fact sheet. 8 The Annual Management Charge (AMC) contains an additional charge that is deducted by the Management Company to cover the fund s ongoing Distributor/servicing costs. The charge is listed separately to the AMC in the fund s prospectus but is displayed collectively within this guide. 15

16 ZI Invesco Global Equity Income fund 3 Underlying fund: Invesco Global Equity Income fund Annual management charge: 1.40% p.a. Fund code: 7QUSD ZI Investec Global Strategic Value fund 3 Underlying fund: Investec GSF Global Strategic Value fund Fund code: GMUSD ZI JPMorgan Global Dynamic fund Underlying fund: JPMorgan Global Dynamic fund Fund code: CJUSD ZI M&G Global Basics fund Underlying fund: M&G Global Basics fund Denomination: euros and US dollars Fund code: FQEUR and M3USD ZI M&G Global Leaders fund Underlying fund: M&G Global Leaders fund Denomination: euros and US dollars Fund code: FREUR and N3USD ZI Threadneedle Global Equity Income Underlying fund: ZI Threadneedle Global Equity Income Donomination: US dollars Annual management charge: 1.50% p.a Fund code: USDDF ZI Threadneedle Global Select fund Underlying fund: Threadneedle Global Select fund & sterling Fund code: GSUSD & GMGBP 7 UK equity ZI BlackRock Global Funds United Kingdom fund Underlying fund: BlackRock Global Funds United Kingdom fund Denomination: sterling Fund code: CHGBP ZI Harmony Portfolios Sterling Growth fund 7 Underlying fund: Harmony portfolios Sterling Growth Denomination: Singapore dollars Annual management charge: 1.30% p.a. Fund code: DDSGD ZI Invesco Perpetual Income fund Underlying fund: Invesco Perpetual Income fund Denomination: sterling Fund code: CIGBP ZI Threadneedle UK fund Underlying fund: Threadneedle UK fund Denomination: sterling Fund code: EQGBP North American equity ZI BlackRock Global Funds US Flexible Equity fund Underlying fund: BlackRock Global Funds US Flexible Equity fund Fund code: MAUSD ZI Fidelity Funds America Underlying fund: Fidelity funds America Denomination: US dollar Fund code:usdfu 1 This fund is only available in the Middle East region. 7 This fund is only available in Singapore. 16

17 ZI Franklin US Opportunities fund 7 Underlying fund: Franklin US Opportunities fund Denomination: Singapore dollars 8 Fund code: BGSGD ZI Harmony Portfolios US Dollar Growth 7 Underlying fund: Harmony Portfolios US Dollar Growth Denomination: Singapore dollar Annual management charge: 1.30% p.a. Fund code: DESGD ZI HSBC MultiAlpha North American Equity fund 3 Underlying fund: HSBC MultiAlpha North American Equity fund Fund code: 3HUSD ZI Investec GSF American Equity fund 3 Underlying fund: Investec GSF American Equity fund Fund code: CGUSD ZI Threadneedle American fund Underlying fund: Threadneedle American fund Fund code: EQUSD European equity ZI Baring GUF Eastern Europe fund Underlying fund: Baring GUF Eastern Europe fund Fund code: NAUSD ZI Fidelity European Growth fund Underlying fund: Fidelity Funds European Growth fund Denomination: euros Fund code: FDEUR ZI Fidelity Nordic fund Underlying fund: Fidelity Funds Nordic fund Denomination: Swedish krona Fund code: FFSEK ZI Henderson Gartmore Continental European fund Underlying fund: Henderson Gartmore Continental European fund Denomination: euros Fund code: CFEUR ZI HSBC MultiAlpha Europe Equity fund 3 Underlying fund: HSBC MultiAlpha Europe Equity fund Denomination: euros Fund code: HBEUR ZI Invesco Pan European Equity fund Underlying fund: Invesco Pan European Equity fund Fund code: IVUSD ZI Jupiter Global Funds European Growth Underlying fund: Jupiter Global Funds European Growth Denomination: US dollar & sterling Fund code: USDGE 3 & GLGBP 7 ZI Threadneedle Pan European fund Underlying fund: Threadneedle Pan European fund Denomination: euros Fund code: EQEUR ZI UBS Swiss Equity fund 3 Underlying fund: UBS Swiss Equity fund Denomination: Swiss francs Fund code: CMCHF 7 This fund is only available in Singapore. 8 The Annual Management Charge (AMC) contains an additional charge that is deducted by the Management Company to cover the fund s ongoing Distributor/servicing costs. The charge is listed separately to the AMC in the fund s prospectus but is displayed collectively within this guide. 17

18 Far Eastern equity ZI Aberdeen Global Asia Pacific Equity fund Underlying fund: Aberdeen Global Asia Pacific Equity fund Annual management charge: 1.75% p.a Fund code: ARUSD ZI Aberdeen Global Chinese Equity fund Underlying fund: Aberdeen Global Chinese Equity fund Fund code: ASUSD ZI Absolute Asia Pacific Rim Equities fund 1,5,6 Underlying fund: Absolute Asia Pacific Rim Equities fund Annual management charge: 2.40% p.a. Fund code: 4HUSD ZI Allianz Oriental Income fund 3 Underlying fund: Allianz RCM Oriental Income fund Fund code: KNUSD ZI Allianz Thailand Equity fund 3 Underlying fund: Allianz RCM Thailand fund Fund code: KMUSD ZI Allianz Total Return Asian Equity fund Underlying fund: Allianz RCM Total Return Asian Equity fund Fund code: BZUSD ZI Amundi Funds Equity ASEAN fund 3 Underlying fund: Amundi Funds Equity ASEAN fund Annual management charge: 1.70% p.a. Fund code: EXUSD ZI Baring Hong Kong China fund Underlying fund: Baring Hong Kong China fund Annual management charge: 1.25% p.a. Fund code: BXUSD ZI Baring IUF ASEAN Frontiers 1 Underlying fund: Baring ASEAN Frontiers Annual management charge: 1.25% p.a. Fund code: USDDH ZI Fidelity China Focus fund Underlying fund: Fidelity China Focus fund Fund code: FKUSD ZI Fidelity Korea fund Underlying fund: Fidelity Funds Korea fund Fund code: FBUSD 1 This fund is only available in the Middle East region. 5 For investments into the Natixis funds, a distributor fee may be paid from the fund charges disclosed to you and rebated to the introducing broker. If these charges are relevant in your case, your financial adviser should make these clear to you. Irrespective of any such arrangement, the fee paid by investors into the relevant share class of the underlying fund is the same and all investors rank equally with each other. Stated fund prices are inclusive of all such fees and relevant fund related charges. Applications are subject to compliance with local regulations. 6 The Fund Manager elects not to disclose an Annual Management Charge. The figure quoted is the maximum Total Expense Ratio, which may contain both managers charges and addtional expenses. The latest disclosed TER will be reflected on the fact sheet. 18

19 ZI Fidelity Pacific fund Underlying fund: Fidelity Funds Pacific fund Fund code: EMUSD ZI Fidelity Singapore fund 13 Underlying fund: Fidelity Funds Singapore fund Denomination: Singapore dollars Fund code: EGSGD ZI First State Asian Equity Plus fund Underlying fund: First State Asian Equity Plus fund Fund code: FOUSD ZI First State China Growth fund Underlying fund: First State China Growth fund Annual management charge: 2.00% p.a. Fund code: FNUSD ZI HSBC GIF Chinese Equity fund Underlying fund: HSBC GIF Chinese Equity fund Fund code: HBUSD ZI HSBC GIF Hong Kong Equity fund Underlying fund: HSBC GIF Hong Kong Equity fund Fund code: HAUSD ZI HSBC GIF Indian Equity fund Underlying fund: HSBC GIF Indian Equity fund Fund code: HCUSD ZI HSBC GIF Thai Equity fund Underlying fund: HSBC GIF Thai Equity fund Fund code: HGUSD ZI Harmony Portfolios Asian Growth fund 7 Underlying fund: Harmony Portfolios Asian Growth Denomination: Singapore dollars Annual management charge: 1.30% p.a. Fund code: DCSGD ZI Invesco ASEAN Equity fund 7 Underlying fund: Invesco ASEAN Equity fund Fund code: 6YUSD ZI Henderson Horizon China fund 14 Underlying fund: Henderson Horizon China fund Annual management charge: 1.20% p.a. Fund code: T2USD ZI JPMorgan ASEAN fund 3 Underlying fund: JPMorgan ASEAN fund Fund code: JCUSD 7 This fund is only available in Singapore. 13 The Fidelity Singapore fund is created through a daily currency switch into SGD from the USD share class of the same fund. It is therefore exposed daily to currency exchange rate fluctuations between SGD and USD. Investors should be aware of the presence of this currency exchange risk before investing. 14 As the fund employs both long and short strategies, extreme market conditions could theoretically expose the fund to unlimited losses. Such extreme conditions could result in little or no growth and may result in losses to your original investment. Only investors seeking long-term growth over a five to ten year horizon with at least moderate volatility should consider this fund. With every investment, there is a risk to your capital and you may not get back what you originally invested. 19

20 ZI JPMorgan Asia Domestic Opportunities fund 3 Underlying fund: JPMorgan Asia Domestic Opportunities fund 15 Fund code: APUSD ZI JPMorgan Eastern fund 3 Underlying fund: JPMorgan Eastern fund Fund code: JBUSD ZI JPMorgan Indonesia fund 3 Underlying fund: JPMorgan Indonesia fund Fund code: JRUSD ZI JPMorgan Korea fund 3 Underlying fund: JPMorgan Korea fund Fund code: JEUSD ZI JPMorgan Malaysia fund 3 Underlying fund: JPMorgan Malaysia fund Fund code: DIUSD ZI JPMorgan Pacific Securities fund 3 Underlying fund: JPMorgan Pacific Securities fund Fund code: JAUSD ZI JPMorgan Singapore fund Underlying fund: JPMorgan Singapore fund Fund code: CZUSD ZI JPMorgan Taiwan fund Underlying fund: JPMorgan Taiwan fund Fund code: IYUSD ZI Matthews Asia Dividend fund 7 Underlying fund: Matthews Asia Dividend fund Annual management charge: 1.25% p.a. Fund code: 7AUSD ZI Matthews Pacific Tiger fund 7 Underlying fund: Matthews Pacific Tiger fund Annual management charge: 1.25% p.a. Fund code: 6ZUSD ZI Threadneedle Asia fund Underlying fund: Threadneedle Asia fund Fund code: PBUSD Japanese equity ZI BlackRock Global Funds Japan Small and MidCap Opportunities fund Underlying fund:blackrock Global Funds Japan Small and MidCap Opportunities fund Fund code: MCUSD ZI Threadneedle Japan fund Underlying fund: Threadneedle Japan fund Denomination: Japanese yen Fund code: EQJPY 7 This fund is only available in Singapore. 15 The manager of this fund may deduct a performance based fee from this fund. This charge is additional to the total yearly charge shown. For further information please refer to the fund manager s literature. 20

21 Emerging markets equity ZI Alquity Africa fund 3 Underlying fund: Alquity Africa fund Annual management charge: 1.90% p.a. Fund code: VGUSD ZI BlackRock Global Funds Emerging Europe fund 16 Underlying fund: BlackRock Global Funds Emerging Europe fund Fund code: MKUSD ZI BlackRock Global Funds Latin American fund Underlying fund: BlackRock Global Funds Latin American fund Fund code: MIUSD ZI Emirates Emerging Markets Equity fund 1,2 Underlying fund: Emirates Emerging Markets Equity fund Annual management charge: 2.00% p.a. Fund code: 7VUSD ZI Emirates MENA Top Companies fund 1,2 Underlying fund: Emirates MENA Top Companies fund Fund code: 3MUSD ZI Fidelity Emerging Europe, Middle East and Africa fund Underlying fund: Fidelity Emerging Europe, Middle East and Africa fund Denomination: euros Fund code: FBEUR ZI Fidelity India focus fund Underlying fund: Fidelity India focus fund Fund code: FGUSD ZI Franklin MENA fund Underlying fund: Franklin MENA fund Annual management charge: 2.00% p.a. 8 Fund code: GCUSD ZI HSBC GIF Brazil Equity fund Underlying fund: HSBC GIF Brazil Equity fund Fund code: Z6USD ZI HSBC MultiAlpha Global Emerging Markets Equity fund 3 Underlying fund: HSBC MultiAlpha Global Emerging Markets Equity fund Fund code: 3FUSD 1 This fund is only available in Middle East region. 2 For investments into the Emirates funds, a distributor fee may be paid from the fund charges disclosed to you and rebated to the introducing broker. If these charges are relevant in your case, your financial adviser should make these clear to you. Irrespective of any such arrangement, the fee paid by investors into the relevant share class of the underlying fund is the same and all investors rank equally with each other. Stated fund prices are inclusive of all such fees and relevant fund related charges. Applications are subject to compliance with local regulations. 8 The Annual Management Charge (AMC) contains an additional charge that is deducted by the Management Company to cover the fund s ongoing Distributor/servicing costs. The charge is listed separately to the AMC in the fund s prospectus but is displayed collectively within this guide. 16 This fund is not available in the Middle East region. 21

22 ZI Natixis IDFC India Equities fund 1,5,6 Underlying fund: IDFC India Equities fund Annual management charge: 2.5% p.a. Fund code: USDAR ZI Natixis Emerging Europe fund 1,5,6 Underlying fund: Natixis Emerging Europe fund Annual management charge: 2.70% p.a. Fund code: 7EUSD ZI JPMorgan Africa Equity fund Underlying fund: JPMorgan Africa Equity fund Fund code: EPUSD ZI JPMorgan Emerging Middle East Equity fund Underlying fund: JPMorgan Emerging Middle East Equity fund Fund code: JGUSD ZI JPMorgan India fund Underlying fund: JPMorgan India fund Denomination: Singapore dollars 7 and US dollars Fund code: BBSGD 7 and JIUSD ZI Jupiter India Select fund 3 Underlying fund: Jupiter India Select fund Fund code: 6FUSD ZI Natixis Emerging Latin America Fund 1,5,6 Underlying fund: Natixis Emerging Latin American fund Annual management charge: 2.70% p.a. Fund code: 4FUSD ZI Neptune Russia and Greater Russia fund 1 Underlying fund: Neptune Russia and Greater Russia fund Fund code: 7CUSD ZI Parvest Equity Brazil fund Underlying fund: Parvest Equity Brazil fund Fund code: 4TUSD ZI Parvest Equity Russia fund Underlying fund: Parvest Equity Russia fund Denomination: euros Fund code: KHEUR ZI Morgan Stanley Investment Funds Emerging Markets Equity fund Underlying fund: Morgan Stanley Investment Funds Emerging Markets Equity fund Annual management charge: 1.60% p.a. Fund code: CUUSD 1 This fund is only available in Middle East region. 5 For investments into the Natixis funds, a distributor fee may be paid from the fund charges disclosed to you and rebated to the introducing broker. If these charges are relevant in your case, your financial adviser should make these clear to you. Irrespective of any such arrangement, the fee paid by investors into the relevant share class of the underlying fund is the same and all investors rank equally with each other. Stated fund prices are inclusive of all such fees and relevant fund related charges. Applications are subject to compliance with local regulations. 6 The Fund Manager elects not to disclose an Annual Management Charge. The figure quoted is the maximum Total Expense Ratio, which may contain both managers charges and additional expenses. The latest disclosed TER will be reflected on the fact sheet. 7 This fund is only available in Singapore. 22

23 ZI Pinebridge India Equity fund 3,17 Underlying fund: Pinebridge India Equity fund Annual management charge: 1.80% p.a. Fund code: 9KUSD ZI Templeton Frontier Markets fund 3,8,19 Underlying fund: Templeton Frontier Markets fund Annual management charge: 2.10% p.a. Fund code: 9VUSD ZI PineBridge Latin America Small & MidCap Equity fund 3,17 Underlying fund: PineBridge Latin America Small & MidCap Equity fund Annual management charge: 1.80% p.a. Fund code: FRUSD ZI Schroder ISF BRIC fund Underlying fund: Schroder ISF BRIC fund Annual management charge: 2.00% p.a. 8 Fund code: CCUSD ZI Schroder ISF Frontier Markets Equity 3 Underlying fund: Schroder ISF Frontier Equity Fund code: USDCN ZI Templeton BRIC fund Underlying fund: Templeton BRIC fund Annual management charge: 2.10% p.a. 8 Fund code: TFUSD ZI Templeton Emerging Markets fund Underlying fund: Templeton Emerging Markets fund Denomination: Singapore dollars 7 and US dollars Annual management charge: 2.10% p.a. 8 Fund code: BFSGD 7 and TBUSD ZI Threadneedle Latin America fund Underlying fund: Threadneedle Latin America fund Fund code: LAUSD ZI UBS Australia Equity fund Underlying fund: UBS Equity fund (AUD) Denomination: Australian dollars Fund code: UDAUD Specialist ZI Amundi Funds Absolute Volatility World Equities fund Underlying fund: Amundi Funds Absolute Volatility World Equities fund Annual management charge: 1.20% p.a. 15 Fund code: N2USD ZI Amundi Funds Equity Global Luxury and Lifestyle fund 3 Underlying fund: Amundi Funds Equity Global Luxury and Lifestyle fund Annual management charge: 1.70% p.a. Fund code: CDUSD 7 This fund is only available in Singapore. 8 The Annual Management Charge (AMC) contains an additional charge that is deducted by the Management Company to cover the fund s ongoing Distributor/servicing costs. The charge is listed separately to the AMC in the fund s prospectus but is displayed collectively within this guide. 15 The manager of this fund may deduct a performance based fee from this fund. This charge is additional to the total yearly charge shown. For further information please refer to the fund manager s literature. 17 The Annual Management Charge (AMC) contains an additional Unitholder Servicing and Maintenance fee payable to the Fund s Manager. The charge is listed separately to the AMC in the fund s prospectus but is displayed collectively within this guide. 19 This fund closed to new business on 28 June Existing investments in this fund are unaffected. 23

24 ZI BlackRock Global Funds New Energy fund Underlying fund: BlackRock Global Funds New Energy fund Fund code: MEUSD ZI BlackRock Global Funds World Energy fund Underlying fund: BlackRock Global Funds World Energy fund Fund code: MHUSD ZI BlackRock Global Funds World Financials fund Underlying fund: BlackRock Global Funds World Financials fund Fund code: MJUSD ZI BlackRock Global Funds World Gold fund Underlying fund: BlackRock Global Funds World Gold fund Denomination: euros 3, Singapore dollars and US dollars Fund code: IFEUR 3, AOSGD 4 and MDUSD ZI BlackRock Global Funds World Healthscience fund 16 Underlying fund: BlackRock Global Funds World Healthscience fund Fund code: ONUSD ZI BlackRock Global Funds World Mining fund Underlying fund: BlackRock Global Funds World Mining fund Denomination: Singapore dollars and US dollars Fund code: AASGD and MGUSD ZI BlackRock Global Funds World Technology fund Underlying fund: BlackRock Global Funds World Technology fund Denomination: euros and US dollars Fund code: FLEUR and K2USD ZI BlackRock Gold and General fund 3 Underlying fund: BlackRock Gold and General fund Denomination: sterling Fund code: EJGBP ZI DWS Global Agribusiness fund Underlying fund: DWS Global Agribusiness fund Fund code: EVUSD ZI First State Global Resources fund 3 Underlying fund: First State Global Resources fund Fund code: 4LUSD ZI Franklin Templeton Gold and Precious Metals fund 3 Underlying fund: Franklin Templeton Gold and Precious Metals fund Denomination: euros 4 and US dollars 8 Fund code: HTEUR 4 and 6CUSD ZI Henderson Horizon Global Technology fund 3 Underlying fund: Henderson Horizon Global Technology fund Annual management charge: 1.20% p.a. Fund code: 9HUSD 4 This fund is a hedged share class which aims to provide investors with a return correlated to the base currency performance of the fund, by reducing the effect of exchange rate fluctuations between the base and hedged currency. It is important to note that the hedge is not perfect it aims to reduce, not eliminate, currency risk. 8 The Annual Management Charge (AMC) contains an additional charge that is deducted by the Management Company to cover the fund s ongoing Distributor/servicing costs. The charge is listed separately to the AMC in the fund s prospectus but is displayed collectively within this guide. 16 This fund is not available in the Middle East region. 24