1

St. James’s Place Unit Trust Portfolios

Helping you meet your investment goals

Monthly Income Portfolio

I N V E S T M E N T S

At St. James’s Place we offer a comprehensive range of Unit Trusts to meet the needs of all investors whether you are looking for income, growth, or a combination of both. To help you decide which of these funds are most appropriate we have created three model portfolios, each designed to meet different investment objectives.

You may feel that one of these is right for you or, of course, you may wish to select your own combination of funds. These portfolios are also available for investment through an Individual Savings Account (ISA).

The Monthly Income Portfolio may be suitable for investors seeking:

• A regular monthly income.

• Access to UK equity income funds managed by some of the UK’s best fund managers.

• Reduced risk through investment in fi xed interest and corporate bonds.

• Commercial Property exposure to offer a truly diversifi ed portfolio.

This portfolio aims to pay an attractive yield and gives investors the opportunity to achieve an income that rises over time, as well as providing the potential for capital growth. Equity income funds achieve this by investing in high quality, cash-generative companies that can deliver sustainable dividend growth over the longer term, supplemented by capital growth in the underlying value of the company shares.

The St. James’s Place Investment Committee believes that this portfolio of funds is suitable for investors who consider themselves as ‘Medium Risk’ on the Guide to Choosing Your Attitude to Risk.

ST. JAMES’S PLACE UNIT TRUST PORTFOLIOS

I N V E S T M E N T S

2

Fund (Fund Manager) Portfolio Split

UK High Income (Invesco Perpetual) 40% Corporate Bond (Invesco Perpetual) 30% Equity Income (Schroder) 15% Property (Invista) 15%

Fund (Fund Manager) Portfolio Split

International (THSP) 30% Global (Newton) 30% Worldwide Opportunities (Polaris) 30% UK Growth (MPC Investors Ltd) 10%

Asset allocation (as at February 2009)

Asset allocation (as at February 2009)

UK Equities 52%

Property 11%

Fixed Interest & Cash 37%

US Equities 24%

Fixed Interest & Cash 14%

Other 4%

UK Equities19%

Far East Equities 15%

EuropeanEquities 24%

Global Growth Portfolio

The Global Growth Portfolio will appeal to investors looking for:

• The prospect of infl ation-beating capital growth over the medium to long term to maintain the real value of their savings.

• Investment in a range of international equity markets.

• A complementary spread of investment manager styles.

This portfolio gives you access to a range of top managers who invest across a wide number of global markets and different asset classes. The portfolio aims to deliver capital growth over the medium to long term and consequently will have a relatively low yield.

The St. James’s Place Investment Committee believes that this portfolio of funds would suit clients who view themselves as ‘Medium Risk’ on the Guide to Choosing Your Attitude to Risk.

Source: Lipper. All fi gures are percentage growth on a bid to bid basis for accumulation units, net income reinvested. Please be aware that past performance is not indicative of future performance. The value of an investment may fall as well as rise. Returns on equities cannot be guaranteed. Equities do not include the security of capital characteristic of a deposit with a bank or building society.

ST. JAMES’S PLACE UNIT TRUST PORTFOLIOS

I N V E S T M E N T S

Growth & Income Portfolio

The Growth & Income Portfolio is designed to meet the needs of investors seeking:

• A total return in excess of infl ation over the medium to long-term achieved through a combination of income and capital growth.

• Investment in a wide spread of asset classes and investment manager styles.

This portfolio offers a balanced spread of UK and international equities as well as property and fi xed interest investments. This is achieved through investment in a number of different funds, including those with an emphasis on equity income as part of a total return strategy and others with a bias towards capital growth. The St. James’s Place Investment Committee believes that this portfolio of funds would suit clients who view themselves as ‘Medium Risk’ on the Guide to Choosing Your Attitude to Risk.

3

Investment Performance

The table below shows the annual performance of the funds that comprise the three model portfolios.

Discrete annual performance (%) 12 months ending

Fund (Fund Manager) Portfolio Split

International (THSP) 15% UK High Income (Invesco Perpetual) 15% Equity Income (Schroder) 15% Corporate Bond (Invesco Perpetual) 15% Global (Newton) 14% Worldwide Opportunities (Polaris) 14% Property (Invista) 12%

Asset allocation (as at February 2009)

US Equities 12%

Fixed Interest & Cash 26%

Other 2%

Property 9%

UK Equities32%

Far East Equities 7%

EuropeanEquities 12%

Feb-09 Feb-08 Feb-07 Feb-06 Feb-05

Corporate Bond Acc -24.87 -1.77 -1.47 5.09 6.01Equity Income Acc -25.86 -8.56 11.31 20.26 15.59International Acc -28.45 2.69 7.18 25.56 14.61UK High Income Acc -16.55 -3.57 17.38 25.87 16.72Global Acc -29.78 13.07 Worldwide Opportunities Acc -35.05 -12.41 Property Acc -23.68 -16.27 UK Growth Acc -36.74 -0.68

Members of the St. James’s Place Wealth Management Group are authorised and regulated by the Financial Services Authority.The St. James’s Place Partnership and the title ‘Partner’ are the marketing terms used to describe St. James’s Place representatives.

St. James’s Place UK plc: Registered Offi ce St. James’s Place House, Dollar Street, Cirencester, Gloucestershire, GL7 2AQ, United KingdomRegistered in England Number 2628062

www.sjp.co.ukSJP2262-VR6 (0 /09)

ST. JAMES’S PLACE UNIT TRUST PORTFOLIOS

I N V E S T M E N T S

The St. James’s Place Range of Unit Trusts

Unit Trust Investment Type Investment Manager

Low RiskCash Cash State Street Global Advisors

Low/Medium RiskAlternative Assets Alternative Assets Barclays Global InvestorsCorporate Bond Fixed Interest Invesco PerpetualCautious Global Equity & Fixed Interest Jupiter Asset ManagementGilts Fixed Interest Wellington Management Company LLPInvestment Grade Fixed Interest Invesco PerpetualCorporate Bond

Medium RiskAllshare Income UK Equity (Income) AXA FramlingtonEquity Income UK Equity (Income) Schroder Investment Management LtdUK High Income UK Equity (Income) Invesco PerpetualTracker UK Equity (Growth) Insight Investment Management LtdUK & General Progressive UK Equity (Growth) Taube Hodson Stonex Partners LtdEthical Global Equity Aberdeen Asset Management PlcInternational Global Equity Taube Hodson Stonex Partners LtdGlobal Global Equity Newton Investment ManagementWorldwide Opportunities Global Equity Polaris Capital Management IncProperty Commercial Property Invista Real Estate Investment Management Ltd

Medium/High RiskUK Growth Specialist Equity MPC Investors LtdNorth American Specialist Equity Reed, Conner & Birdwell, LLCGreater European Progressive Specialist Equity Taube Hodson Stonex Partners LtdFar East Specialist Equity Aberdeen Asset Management PlcContinental European Specialist Equity S W Mitchell Capital Management LLP

High RiskHigh Octane Global Equity Oldfi eld Partners & Thornburg Investment Management

For further information on these funds, please contact your St. James’s Place Partner.

4