ROYAL LONDON CASH PLUS FUND 31 DECEMBER 2014 ASSET MANAGEMENT FUND OVERVIEW Overview General Information The performance objective is to seek to achieve +0.75% p.a. gross of fees above 7 day LIBID over rolling 12 month periods. Fund Manager: Fund size (mid basis) Fund Type Fund domicile ISA Performance 12 Months Ending 31/12/14 31/12/13 31/12/12 31/12/11 31/12/10 (M Inc) 0.73% 0.42% - - - (Class Z Acc) 0.93% 0.66% 1.71% - - (Class Z Inc) 0.93% 0.66% - - - Cumulative Performance to 31/12/2014 Craig Inches £976.92m OEIC GBR Y Share M (Income) Inception date Initial charge Annual mgmt charge Min investment OCF Sedol number Mid price Historic Yield (%) 13/12/2012 0.00% 0.25% £1,000,000 0.27% B545JR5 101.93 0.79% 3 months 6 months 1 Year 3 Years 5 Years (M Inc) 0.20% 0.40% 0.73% - - Share Class Z (Accumulation) (Class Z Acc) 0.25% 0.50% 0.93% 3.34% - (Class Z Inc) 0.25% 0.50% 0.93% - - Inception date Initial charge Annual mgmt charge Min investment OCF Sedol number Mid price Historic Yield (%) (Y Inc) The share class's performance information has been omitted as per FCA rules, since this share class is less than one year old. (Y Gross Inc) The share class's performance information has been omitted as per FCA rules, since this share class is less than one year old. ( Y Acc) The share class's performance information has been omitted as per FCA rules, since this share class is less than one year old. Mid to mid, net of fees and taxes, net income reinvested unless otherwise stated. Information about past performance is not a reliable indicator of future results. The investor may not get back part, or all, of the amount originally invested. The value of your investment and the income from it is not guaranteed and can fall as well as rise. Please refer to the Key Investor Information Document (KIID) for a list of the relevant risks. All yields are net of expenses and gross of taxes. 21/06/2011 0.00% 0.00% £1,000,000 0.03% B4VPT26 103.33 1.03% Share Class Z (Income) Inception date Initial charge Annual mgmt charge Min investment OCF Sedol number Mid price Historic Yield (%) 21/06/2011 0.00% 0.00% £1,000,000 0.03% B4X2895 100.90 1.03% Share Y (Income) Distribution History (Net) Dec-14 Jun-14 Dec-13 Jun-13 (M Inc) 0.24p 0.21p 0.24p 0.23p (Class Z Inc) 0.35p 0.31p 0.34p 0.41p (Y Inc) 0.22p - - - (Y Gross Inc) 0.28p - - - Inception date Initial charge Annual mgmt charge Min investment OCF Sedol number Mid price Historic Yield (%) 12/06/2014 0.00% 0.125 £1,000,000 0.15% BMNR1F3 100.24 0.91% Share Y Gross (Income) Inception date Initial charge Annual mgmt charge Min investment OCF Sedol number Mid price Historic Yield (%) 12/06/2014 0.00% 0.125 £1,000,000 0.15% BMNR1G4 100.27 0.91% Share Y (Accumulation) Inception date Initial charge Annual mgmt charge Min investment OCF Sedol number Mid price Historic Yield (%) Nothing in this factsheet should be construed as advice and is therefore not a recommendation to buy or sell shares. 12/06/2014 0.00% 0.125 £1,000,000 0.15% BMNR1H5 100.46 0.91% Asset Split Fund (%) Certificates of Deposit Banks and Financials Covered Bonds Supranationals and Agencies Gilts 53.5 13.9 27.1 4.7 0.7 **Conventional corporate bond allocation includes exposure to non-sterling credit bonds and certificates of deposits, where applicable. Yield Definitions The historic yield reflects distributions declared over the past twelve months as a percentage of the mid-market price, as at the date shown. It does not include any preliminary charge and investors may be subject to tax on their distributions. CONTACT DETAILS For Private Investors For enquiries and dealing: Tel: 08456 04 04 04 Top Ten Holdings Fund (%) Yorkshire Building Society Frn 23/03/2016 Danske Bank 15/09/2017 Commonwealth Bank Australia 24/01/2018 Abbey National Treasury Services 20/01/2017 Abbey National Treasury Services 05/04/17 Network Rail Infrastructure 1.125% 15/12/2016 Standard Chartered 0.985% 29 Jul 2014 - 28 Jul 2015 Westpac Banking 28/11/2017 Societe Generale 0.73% Cd 24/12/14 - 24/09/15 National Australia Bank Ltd Frn 12/08/2016 Total Total No. of Holdings (RLAM as at 31/12/2014) 3.7 3.0 2.6 2.3 2.2 2.1 2.1 2.1 2.1 2.0 24.2 91 Intermediaries For enquiries: Email: [email protected] Head Office Royal London Asset Management Limited 55 Gracechurch Street, London, EC3V 0RL Tel: 020 7506 6500 rlam is a marketing brand which includes the following companies: Royal London Asset Management Limited, authorised and regulated by the Financial Conduct Authority and which provides investment management services, registered in England and Wales number 2244297; Royal London Unit Trust Managers Limited, authorised and regulated by the Financial Conduct Authority and which manages collective investment schemes, registered in England and Wales number 2372439; This company is a subsidiary of The Royal London Mutual Insurance Society Limited, registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London EC3V 0RL. Our ref: 002-PRO-01/2014-DP Source: rlam, Financial Express and HSBC as at 31/12/2014, unless otherwise stated. Yield definitions are shown above.