PRODUCT HIGHLIGHTS SHEET

Transcription

1 PRODUC his Product ighlights heet is an important document. t highlights the key terms and risks of the P sub-fund and complements the Product ummary. t is important to read the Product ummary before deciding whether to purchase the P sub-fund. f you do not have a copy, please contact us to ask for one. You should not invest in the P sub-fund if you do not understand it or are not comfortable with the accompanying risks. R50 FP Jupiter New urope Fund (invests in the Jupiter lobal Fund Jupiter New urope Class UR Acc) Product ype P ub-fund 1 aunch Date February 2009 (pecified nvestment Product) Manager Jupiter Unit rust Managers Custodian Citibank N.A. part of Citigroup nc imited Capital uaranteed No Dealing Frequency very UK Business Day Name of uarantor N/A xpense Ratio for the 1.72% (as at 09/12/15) underlying fund UB-FUND UABY WO UB-FUND UAB FOR? Additional nformation - he P ub-fund is only suitable for investors with a broad attitude to risk looking for a long term investment opportunity in line with the underlying fund s investment objective and policy. An investment in the P ub-fund will not be suitable for investors seeking solely an index linked return on their investment. nvestment in the P ub-fund should be regarded as long term in nature and may not be suitable as a short term investment. - Please note the P ub-fund does not distribute income and where applicable will re-invest For details of surrender charges please refer to the Fees and Charges section in the relevant Product ummary. any income received from the underlying fund. - t is important to remember that, as with most investments, the value of your investments are not guaranteed and can go down as well as up. herefore we suggest that you only invest money that can be committed for the medium to long term. You should also bear in mind that securities held within a fund may not be denominated in the currency of that fund, so unit prices may fall purely on account of exchange rate fluctuations. - Please note that Friends Provident nternational imited ( FP ) investment products are intended for medium to long term investment and are not therefore designed for early Jupiter New urope section of the underlying fund s prospectus for further information on the suitability of the ub- Fund. surrender. f you do surrender early, a product surrender charge may be applied. Please note that the earlier you terminate your plan, the more you may lose. KY FAUR OF UB-FUND WA AR YOU NVN N? - You are investing in an P ub-fund that invests in the Jupiter lobal Fund Jupiter New urope Fund * ( the Fund or underlying fund ), apart from a proportionately small amount which may be held as a cash balance to optimise dealing efficiencies in the underlying fund. We endeavour to maintain a cash balance limit of up to 0.75%. * his is a fund constituted in the form of an open-ended investment company. t is domiciled in uxembourg and its home regulator is Commission de urveillance du ecteur Financier nvestment trategy - he investment objective of the Fund is to achieve long term capital growth through investment primarily in Central and astern urope, Russia, urkey and in addition investment in non- uropean former member states of the Union of oviet ocialist Republics ( UR ) (collectively the erritories ). Jupiter New urope and Key Features sections of the underlying fund s prospectus for further information on the features of the Fund. Jupiter New urope section of the underlying fund s prospectus for 1 For P sub-fund that feeds 100% into an underlying C fund, some information provided below could be similar to the underlying C fund. n this instance this P sub-fund will be at minimum feed 99.25% into the underlying C fund.

2 PRODUC - he Fund s investment policy is to achieve the objective by investing primarily in equity securities. ubject to the limits set out in section headed nvestment Restrictions in the underlying fund s prospectus, the Fund may also invest in UC or other UCs which are themselves dedicated to investments in the markets of the countries listed above. - he Fund will invest primarily in companies which have their registered office or exercise the predominant part of their economic activities in (or, in the case of UC or other UCs are dedicated to investments in) Central and astern urope, Russia, and urkey. he Fund is entitled to invest up to one third of the total assets of the Fund (excluding liquid assets) in non- uropean former member states of the UR and in companies that operate or reside in Western urope but which significantly benefit from exposure to one or more of those countries listed herein. he Fund is entitled to invest up to 10% of its net assets in companies which operate or reside outside the investment scope defined above. - ubject to the limits set out in the nvestment Restrictions, the Fund will have the ability: to hedge against directional risk using index futures and/or cash; to hold bonds and warrants on transferable securities; to use options and futures for hedging purposes and for efficient portfolio management; to enter into portfolio swaps; to use forward currency contracts; and to hold liquid assets on an ancillary basis. Parties nvolved WO AR YOU NVN W? Manager of the underlying fund: Jupiter Unit rust Managers imited. nvestment Manager of the underlying fund: Jupiter Asset Management imited Custodian of the underlying fund: J.P. Morgan Bank uxembourg.a. KY RK WA AR KY RK OF NVMN? - he value of an investment is not guaranteed and can go up and down depending on performance. You could get back less than you have paid in. At times, the P ub-fund may, subject to the Appointed Actuary s agreement and provisions allowed for in the Policy Conditions, need to change the way its price is calculated, to ensure that those moving into and out of the P ub-fund are treated fairly. his can have a negative effect on the P ub-fund s price and performance. - Fund managers have the ability, in exceptional circumstances, to suspend trading in their funds for as long as necessary. When this occurs we will need to delay the cashing in or switching of units in the relevant fund. You may not be able to access your money during this period. hese risk factors may cause you to lose some or all of your investment: Market and Credit Risks You are exposed to the risk of investing in equities - xperience has shown that equities and securities of a share-like character are subject to strong price fluctuations. hat is why they offer the possibility of considerable price gains, but also involve increased risks. For example, the prices of equities and securities of a share-like character are influenced above all by the profits or otherwise of individual enterprises and sectors as well as macro-economic developments and political perspectives which determine the expectations of the securities markets and thus the movement of prices. All factors affecting the value of securities in some markets and under certain situations cannot easily be determined and the value of such investments may decline or be reduced to zero. further information on the investment strategy of the Fund. nvestment Restrictions section of the underlying fund s prospectus for further information on the restrictions. eneral nformation section of the underlying fund s prospectus for further information on the roles and responsibilities of these entities and what happens if they become insolvent. Additional nformation - Valuations and Pricing section of your Policy Conditions for further information. - Risk Factors and Jupiter New urope sections of the underlying fund s prospectus for further information on the risks of the Fund. - Risks section of the relevant Product ummary for further information.

3 PRODUC You are exposed to the risk of investing in emerging and less developed markets - n emerging and less developed markets such as Russia, the legal, judicial and regulatory infrastructure is still developing but there is much legal uncertainty both for local market participants and their overseas counterparts. ome markets may carry higher risks for investors who should therefore ensure that, before investing, they understand the risks involved and are satisfied that an investment is suitable as part of their portfolio. You are exposed to the risk of investment in Russia - nvestments in Russia are currently subject to certain heightened risks with regard to the ownership and custody of securities. You are exposed to the risk of investing in smaller companies - he amount of capital raised in the securities markets in territories set out in the Fund s investment policies (the erritories ) may be substantially less than the amount raised in major Western markets. As a result of lower trading volumes, the Fund s investment portfolio may experience greater price volatility and significantly lower liquidity than a portfolio invested in equity securities of companies based in more developed West uropean countries or the United tates. - n addition to their small size, illiquidity and volatility, the securities markets in the erritories are less developed than the major Western securities markets. here is less state regulation and supervision of these securities markets, and less reliable information available to brokers and investors than in the major Western markets and consequently less investor protection. - he prices at which the Fund may acquire investments may be affected by the market s anticipation of the Fund s investing, by other persons trading on material non-public information, and by brokers trading securities in anticipation of transactions by the Fund in particular securities. - Brokerage commissions and other transaction costs and related taxes on securities transactions in the erritories are generally higher than in Western securities markets. You are exposed to currency risk - Where the nvestment Manager deems it appropriate to invest in companies which earn revenues, have expenses or make distributions in the currency of the relevant erritory, currency risks in connection therewith will be borne indirectly by investors. he potential loss resulting from unfavourable currency risks will be considered when making investments. You are exposed to corporate governance risk - Corporate legislation in the erritories regarding the fiduciary responsibility of directors and officers and protection of shareholders is significantly less developed than in the major Western jurisdictions and may impose inconsistent or even contradictory requirements on companies. ome rights typically sought by Western investors may not be available or enforceable. Also, the legal systems in some of the erritories have not fully adapted to the requirements and standards of an advanced market economy. he rudimentary state of commercial law, combined with a judiciary which lacks experience and knowledge of market traditions and rules, makes the outcome of any potential commercial litigation unpredictable. You are exposed to the risk of less stringent reporting standards - Accounting, auditing and financial reporting standards and requirements in the erritories are in many respects less stringent and less consistent than those applicable in many major Western countries. ess information is available to investors investing in such securities than to investors investing in securities of companies in many major Western countries and the historic information which is available is not necessarily comparable or relevant. You are exposed to the risk of investing in warrants - n addition to the risks involved with securities and exchange rate changes, warrants also carry the risk, but also the opportunity, of what is known as leverage. his leverage is produced, for example, with call warrants through the lower capital investment when the warrants are purchased compared with direct purchase of the underlying assets. he same applies for put warrants. he greater the leverage, the greater the change of price of the warrant in the event of a change in the prices of the underlying assets (in comparison to the subscription price set forth in the option conditions). he opportunities and risks of warrants increase as the leverage increases. ince warrants are generally issued only for a limited term, it cannot be ruled out that they will be valueless at the date of maturity if the price of the underlying assets falls below the

4 PRODUC subscription price fixed when the call warrants were issued or exceeds the subscription price fixed when the put warrants were issued. You are exposed to the risk sector and/or geographical concentration - Funds which specialise in investing in a particular market sector or geographical -region are likely to be more volatile than funds with a broader range of investments. his risk is greater in relation to investment in emerging market countries which may experience political and economic changes. You are exposed to the risk of higher taxation levels - axation of dividends and capital gains varies among the erritories and, in some cases may be comparatively high. Many of the erritories purport to offer preferential tax treatment to foreign investors. uch preferences may apply only if a foreign investor s equity stake in the relevant company exceeds a certain percentage or meets other requirements. he nvestment Manager will take reasonable steps to mitigate the Fund s tax liabilities. iquidity Risks You are exposed to liquidity risks - n extreme market conditions there may be a lack of liquidity in the market which may adversely affect the ease of disposal of assets and the price at which the securities held by the Fund can be sold. he absence of reliable pricing information in a particular security held by the Fund may make it difficult to assess reliably the market value of assets. Product-pecific Risks You are exposed to the risks related to the use of financial derivatives instruments - n adverse circumstances, the Fund s use of financial derivative instruments may become ineffective in hedging/efficient portfolio management and the Fund may suffer significant losses in relation to use of financial derivative instruments. F AND CAR WA AR F AND CAR OF NVMN? - Charges are deducted by both FP and the underlying investment managers at each valuation point before calculating the unit price, as set out below. FP charges (payable directly by you) - You will need to pay an P ub-fund administration charge of 1.2%. - here is currently no charge for switching funds although switching to a fund which differs from your plan currency may involve a cost associated with currency exchange. owever, we reserve the right to charge for switches under certain conditions. - Any sales and/or redemption charges will be determined by the terms of your Policy Conditions. Underlying investment managers charges (these charges are as at 09/12/15 and are payable by the P ub-fund from invested proceeds) For full details of the charges that may apply please refer to the Fees and Charges section in the relevant Product ummary. Charges section of your Policy Conditions for further information. Annual Management Charge (AMC) 1.50% Additional xpenses 0.22% xpense Ratio* 1.72% Performance Fee Nil *Please note that with effect from 14 July 2014, the otal xpense Ratio (R) has been replaced by the Ongoing Charges Figure ( OCF ), which is quoted above as xpense Ratio. With effect from 09 December 2015 a fixed level of fee (the Aggregate Operating Fee ) will be introduced. his will be determined as an annual percentage of the Net Asset Value (NAV) of the underlying fund. As a result of this change the estimated OCF under the new fee structure for the underlying fund is 1.72% (this is the nvestment Manager s best estimate of the expenses and the average NAV of the underlying fund over a 12-month period based on the information available). VAUAON AND XN FROM NVMN OW OFN AR VAUAON AVAAB? very UK Business Day atest fund prices can be obtained from Additional nformation

5 PRODUC OW CAN YOU X FROM NVMN AND WA AR RK AND CO N DON O? - here is a Cooling off period of 14 days from when you receive your Policy Documents. f you decide to exit the policy during this time you should complete the cancellation form and send this back to the address provided, together with the original Policy Documents. We will refund any monies paid, less any shortfall (if any) which may result if the value of your investment falls by the time you tell us of your wish to cancel. f you elect to exit your policy after the Cooling off period has expired, penalties may be applied. - f you no longer wish to invest in this FP P ub-fund you have selected, you may switch all or part of your holdings into alternative fund(s) by sending us a completed Fund ransfer Request form, signed. witching from one fund to another is done on a bid to bid basis, without charge (although we do reserve the right to charge). f you are switching between currencies, the relevant exchange rates will be applied and shown on your switch confirmation. - he sale proceeds that you will receive will be the realisation price multiplied by the number of units sold, less any charges. An example (assuming a redemption charge of 4%) is as follows *: Realisation price Number of units sold ross Realisation Proceeds $0.93 X 100,000 = $93,000 ross Realisation Proceeds Realisation Fee Net Realisation Proceeds $93,000 - $3,720 = $89,280 Valuations and Pricing section of your Policy Conditions for further information. * For full details of the charges that may apply please refer to the Fees and Charges section in the relevant Product ummary. CONAC NFORMAON OW DO YOU CONAC U? mail Address singapore.enquiries@fpiom.com elephone +(00) Fax +(00) Postal Address Friends Provident nternational imited (ingapore Branch) 4 henton Way #11-04/06 X Centre 2 ingapore APPNDX : OARY OF RM Derivatives Also known as Financial Derivative nstruments (FD). Financial contracts whose value is tied to an underlying asset. Derivatives include futures and options. fficient Portfolio Management (PM) PM is a set of standards for prudent management of investment funds. he standards call for economically appropriate transactions that reduce risk, reduce cost or generate additional capital or income. For example, a currency overlay strategy using derivative instruments could be used to reduce volatility in asset returns resulting from currency fluctuations or be used to take advantage of these fluctuations to gain extra return. xpense Ratio he xpense ratio provides customers with an indication of the overall costs of investing in a particular fund. he expense ratio as calculated in accordance with the nvestment Management Association of ingapore s guidelines on the disclosure of expense ratios. Different methods of calculation of xpense Ratio can be used, including otal xpense Ratio (R) and Ongoing Charges Figure (OCF) but these are broadly the same. Forward Currency Contract A special type of foreign currency transaction. Forward contracts are agreements between two parties to exchange two designated currencies at a specific time in the future. hese contracts always take place on a date after the date that the spot contract settles, and are used to protect the buyer from fluctuations in currency prices.

6 PRODUC Future A financial contract obligating the buyer to purchase an asset (or the seller to sell an asset), such as a physical commodity or a financial instrument, at a predetermined future date and price. edge / edging Any transaction with the objective of limiting exposure to risk such as changes in exchange rates or prices. Net Asset Value (NAV) Net Asset Value is the value of the net assets of the Fund after deduction of all expenses. Ongoing Charges Figure (OCF) A type of expense ratio. he ongoing charges figure is based on expenses for the previous year and is a ratio of the total ongoing charges to the fund s average net asset value over its last reporting period. his figure may vary from year to year. he charges you pay are used to pay the costs of the underlying P sub-fund, including the costs of marketing and distributing it. hese charges reduce the potential growth of your investment. For more information about charges, please consult the Prospectus for the underlying fund of the P sub-fund invested in, available from of the calculation methodology can be found in full at: Open-nded nvestment Company An open-ended collective investment vehicle, structured as an investment company, where new shares are created or redeemed, depending on demand from investors. Option A privilege sold by one party to another that offers the buyer the right, but not the obligation, to buy (call) or sell (put) a security at an agreed-upon price during a certain period of time or on a specific date. pecified nvestment Product (P) P is a class of investment products defined by the Monetary Authority of ingapore (MA). enerally, (although not in all instances), financial advisers have to carry out more due diligence, including customer knowledge assessment, when advising about a P. UC Undertaking for Collective nvestment in ransferable ecurities. A type of collective investment (or fund) that allows Financial institutions to operate freely throughout the uropean Union on the basis of a single authorisation from one member state. Warrant A security that entitles the holder to buy the underlying stock of the issuing company at a fixed exercise price until the expiry date. Copyright 2016 Friends Provident nternational imited. All rights reserved X/P_R