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February 2015 F&C European High Yield Bond Share Class A EUR www.fandc.com Past performance is not a guide to future performance. Values may fall as well as rise and investors may not get back the full amount invested. Income from investments may fluctuate. Income payments may constitute a return of capital in whole or in part. Income may be achieved by foregoing future capital growth. Changes in rates of exchange may have an adverse effect on the value, price or income of investments. The Fund may invest in warrants; small movements in the price of the asset to which the warrant relates may result in a disproporti onately large movement in the price of the warrant which may cause volatility. All fund performance data is net of management ees. A UCITS fund, issued and approved by F&C Management Limited which is authorised and regulated by the Financial Conduct Authority FRN: 119230 and is a member of the F&C Group. The ultimate parent company of the F&C Group is the Bank of Montreal. Fund launch d ate: 14 Aug 2000 Fund manager(s): Chris Brils Fund type: SICAV Sector: Bond Europe High Yield Benchmark: ML European currency HY, BB-B Constrained Index ex Subordinated Financials Fund size: €12.4m Share price €: 13.02c Distribution policy: Annually Price frequency: Daily Payment date(s): Last working day of January Initial charge: Up to 5.00% Ongoing charge: 1.34% Ann . Mgm t fee: 1.00% Minimum investment: EUR 2,500 Currency: EUR Year end: 30 Sept ISIN: LU0153358402 Sedol: 7418703 Ad mi nis trat or: State Street Bank Luxembourg S.A Tel: + 44 (0)20 7011 4444 Email: sales.support @fandc.com Fund Characteristics (%) Annualised Volatility (3 Years) 4.31 Tracking Error (3 Years) 1.01 Sharpe Ratio (3 Years) 2.15 Annualised Return (5 Years) 7.62 Beta (3 years) 0.90 Fund objective: The ob jective is to achieve a long term increase in the value of your investment. The Fund seeks to achieve this by investing in non-investment grade, BB or lower, debt securities which are denominated in a European Currency or which are issued or guaranteed by companies which are registered in a European country. Key Facts Key Investor Information Document and Prospectus for these shares is available from F&C. Fund performance % Fund Benchm ark Sector 1 m on th 3 mont hs 6 months YTD 1 Year 3 years 5 years 0 10 20 30 40 50 60 70 Cumulative performance as at 30.01.2015 (%) 1 mont h 3 m ont hs 6 mo nth s YTD 1 year 3 ye ars 5 years Fund 1.48 2.31 1.75 1.48 6.06 32.12 50.28 Benchmark 1.83 2.82 3.15 1.83 7.87 38.18 60.68 Sector 1.47 1.86 1.28 1.47 4.97 31.41 48.25 Quartile Ranking 2 2 2 2 2 2 2 Discrete performance as at 30.01.2015 (%) 2011 2012 2013 201 4 2015 Fund 12.40 1.19 14.91 8.41 6.06 Benchmark 12.50 3.37 16.60 9.86 7.87 Sector 13.13 -0.18 15.99 8.37 4.97 Quartile Ranking 3 2 3 2 2 The discrete performance periods are to the end of the respective month each year. Source: F&C Management Limited, Lipper Top holdings (%) Corsair Jersey Ltd 314 5.697% 24 Mar 2017 2.7 Telecom Italia 4.875% 25 Sep 2020 2.3 Fiat Fin & Trade 4. 750% 15 Jul 2022 2.3 Unitymedia Hessen 5.5% 15 Sep 2022 2.2 Portugal Telecom Int Fin 5.875% 17 Apr 2018 2.2 Rexel SA 5.125% 15 Jun 2020 2.2 TVN Finance Corp III AB 7.375% 15 Dec 2020 2.2 Royal Dutch Shell 2.0 Schaeffler Holdi 6.875% 15 Aug 2018 2.0 Agrokor D.D 9.125% 01 Feb 2020 2.0 Sector allocation (%) Services Cyclical 18.5 Consumer Cyclical 15.9 Media 10.9 Capital Goods 9.2 Consumer Non-Cyclical 8.3 Basic Industry 7.1 Telecommunications 6.0 Real Estate 4.0 Insurance 3.7 Utility 2.6 Credit rating ( %) BBB 1.7 BB 43.5 B 60.6 CCC 4.8 NR 2.7 Cash -13.2
