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RLP EMERGING MARKETS CORE PLUS (JPM EMERGING MARKETS) FUND FACTSHEET

January 2015

Objective

Aim: The fund aims to produce investment returns within a range of between 1% and 5% of the MSCI Emerging Markets index.

External matrix funddescription:

The fund invests in unit linked collective investment funds with an active management style. Depending on underlying market conditions the fund’s annualised performance will track within a range of 1% to 5% of the MSCI Emerging Markets index measured on a 3 year rolling basis.

Underlying funddescription:

The investment objective of the Fund is to provide long term capital growth by investing primarily in equity and equity-linked securities of emerging markets companies. Other instruments as permitted in the stated investment and borrowing powers of the Company including, but not limited to, fixed interest securities, cash and cash equivalents may be held on an ancillary basis, as appropriate.

Management style: Active

Fund details

Launch date: 28-Apr-08Fund size: £13.4mABI sector: Global Em Markets Eq-PenBenchmark: MSCI Emerging Markets IndexManager: JPMorganFund Management Charge: 1.70%Investment Expenses: 0.18%Total Expense Ratio: 1.88%SEDOL: B2QXYX7All data as at 31.12.2014.

PerformancePast performance is not a guide to the future. Prices can fall as well as rise meaning you may not get back the full amount of capital originally invested. Investment returns may fluctuate and are not guaranteed.

Percentage change31.12.2013 – 31.12.2014

31.12.2012 – 31.12.2013

31.12.2011 – 31.12.2012

31.12.2010 – 31.12.2011

31.12.2009 – 31.12.2010

% Chg % Chg % Chg % Chg % Chg

RLP Emerging Markets Core Plus (JPM Emerging Markets)MSCI Emerging Markets Index

4.212.53

-6.73-5.70

12.2011.50

-22.59-18.95

23.2920.87

Fund volatility

Compound Annual Growth Rate3 Years 5 Years 10 Years 15 Years

RLP Emerging Markets Core Plus (JPM Emerging Markets)MSCI Emerging Markets Index

14.17 2.932.54

0.801.10

N/AN/A

N/AN/A

Source: Lipper, as at 31.12.2014. All performance figures have been calculated net of the Fund Management Charge applicable to the fund.

The Fund Volatility figure shown is the annualised standard deviation of the monthly returns on the fund over a 3 year time period to 31.12.2014. Standard deviation is a measure of the spread of monthly returns around the average (mean) return. A higher volatility figure indicates that the fund has produced a wider range of returns over the three year period while a fund with a lower volatility figure has been more stable.

Top ten holdings

Holding % Holding %

1 Taiwan Semiconductor 4.4 6 Baidu 2.5

2 Housing Development Finance 4.4 7 Infosys Technologies 2.4

3 AIA 3.2 8 SABMiller 2.4

4 Samsung Electronics 3.1 9 ITC 2.2

5 Tata Consultancy Services 3.1 10 Bidvest 2.1

Sector weighting Geographical weightingHealth Care

Cash

Telecommunication Services

Energy

Materials

Industrials

Consumer Discretionary

Consumer Staples

Information Technology

Financials

Cash

United Kingdom

Mexico

Turkey

Russia

Thailand

Indonesia

South Korea

Other

Taiwan

Brazil

South Africa

China

India

27.9% Financials20.6% Information Technology15.9% Consumer Staples10.1% Consumer Discretionary8.4% Industrials5.1% Materials4.6% Energy4.4% Telecommunication Services

2.2% Cash0.8% Health Care

19.4% India15.1% China14.2% South Africa9.7% Brazil7.4% Taiwan5.6% Other5.0% South Korea4.7% Indonesia

4.6% Thailand4.5% Russia2.8% Turkey2.4% Mexico2.4% United Kingdom2.2% Cash

Source: JPMorgan. All data as at 31.12.2014.

Royal London1 Thistle Street, Edinburgh EH2 1DG

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Royal London, 1 Thistle Street, Edinburgh EH2 1DG. All of our printed products are produced on stock which is from FSC® certified forests.

The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in

England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL. Royal London Marketing Limited is authorised and regulated by the Financial Conduct Authority and introduces Royal London’s customers to other insurance companies. The firm is on the Financial Services Register, registration number

302391. Registered in England and Wales number 4414137. Registered office: 55 Gracechurch Street, London, EC3V 0RL. Royal London Corporate Pension Services Limited is authorised and regulated by the Financial Conduct Authority and provides pension services. The firm is on the Financial Services Register,

registration number 460304. Registered in England and Wales number 5817049. Registered office: 55 Gracechurch Street, London, EC3V 0RL.

B2QXYX7/1March 2015

Risk factorsIt is important that you understand the potential risks associated with this fund. We have detailed below the specific risks we think you should be aware of. For further information on each of these risks please refer to our Guide to Fund Risks.

Exchange rate Yes Property No

Emerging markets Yes Higher risk fund Yes

Concentrated portfolio Yes Derivatives No

Smaller companies Yes Equities Yes

High yield bonds No Bonds No

Sector specific No Money market No

Geared investments No Stock lending Yes