INTERNATIONAL FUNDS ISLE OF MAN Baring High Yield Bond July 2011 This factsheet is for information only and should not be considered a financial promotion. This information should not be relied upon for buying and selling decisions. FUND OBJECTIVE MIRROR FUND KEY FACTS To provide a high yield in dollar terms. The fund will invest in three FP Code: J27 main bond markets: US Corporate Markets, Emerging (developing) Currency: USD Markets, and higher yielding OECD markets. Launch Date: Oct 1995 FPI Risk Rating: 3 FPI MIRROR FUND RISK RATING Fund Key: S Dealing: Daily Sharia Compliant: No Index Tracker: No Socially Responsible Investment: No Grade 3: These funds take a balanced approach to SFC Authorised: Yes investment by holding a diverse portfolio of assets. MAS Approved: Yes The fund price may go up and down depending on investment UNDERLYING FUND KEY FACTS performance and is not guaranteed. You may get back less than you’ve paid in. Sedol Code: 0083595 ISIN Code: IE0000835953 DPPI MIRROR FUND SEARCH SCHEME Launch Date: 19/07/1993 Fund Management Company: Baring Intl Fund Mgr (Ire) Ltd Dynamic Portfolio Planner International (DPPi) is our online, adviser only, Fund Manager: Ece Ugurtas portfolio-planning tool. The Mirror Fund Search Scheme is used to filter our Manager Since: 13/09/2007 mirror fund range by defining broad asset classes in order to refine a search. Fund Size (as at 30/06/2011): USD 595m Annual Management Charge: 1.00% This fund is classified as: Additional Expenses (as at 31/05/2011): 0.50% Total Expense Ratio (as at 31/05/2011): 1.50% The Total Expense Ratio is a measure of the total annual charge of the underlying fund and is the Annual Management Charge plus the Additional Expenses Sector Classification: Fixed Int - Global Crown Rating: Further information on the Crown Rating can be found at www.financialexpress.net FUND KEY S : These funds are available to investors in Singapore through Global Wealth Manager, Global Wealth Builder and Global Wealth Builder Plus. UNDERLYING FUND BREAKDOWN Asset Allocation (as at 30/06/2011) Geographical Allocation (as at 30/06/2011) US Fixed Interest 63.30% USA 63.30% European Fixed Interest 25.60% Europe 25.60% Money Market 7.00% Money Market 7.00% UK Fixed Interest 4.10% UK 4.10% TOP HOLDINGS (as at 30/06/2011) Holding % of Fund Holding % of Fund 1. BLT FINANCE CORPORATION 7.5% BDS 15/05/14 0.90% 6. JAGUAR LAND ROVER PLC 8.125% BDS 15/05/18 0.90% USD1000 `REGS` GBP1000 REG S 2. CEDC FINANCE 8.875% 01/12/2016 0.90% 7. NORSKE SKOGSINDUSTRIER ASA 7% NTS 26/06/17 0.90% 3. DUCHESS VI CLO BV CLS`A-1`1ST PRI FRN 01/08/22 0.90% EUR1000 EUR 8. OTE 4.625% NTS 20/05/16 EUR50000 0.90% 4. FIRST DATA CORP 8.25% SNR NTS 15/01/21 0.90% 9. PEERMONT GLOBAL 7.75% 09/05/11 0.90% USD1000 144A 10. SOUTHERN UNION CO 7.2% FRN 01/11/66 USD1000 0.90% 5. FOODCORP 8.75% NTS 01/03/18 EUR100000 144A 0.90% SER `A` INTERNATIONAL FUNDS ISLE OF MAN Baring High Yield Bond July 2011 The information shown below refers to the past. Past performance is not a reliable guide to future performance. Performance figures are net of all charges. Please note that the securities held within a fund may not be denominated in the currency of that fund and, as a result, fund prices may rise and fall purely on account of exchange rate fluctuations. PERFORMANCE OF MIRROR FUND OVER ROLLING ONE YEAR PERIODS (as at 30/06/2011) 30/06/2006 - 30/06/2007 - 30/06/2008 - 30/06/2009 - 30/06/2010 - 30/06/2007 30/06/2008 30/06/2009 30/06/2010 30/06/2011 Baring High Yield Bond 11.89% -3.66% -11.83% 23.07% 12.88% * This fund was not available during this time frame Figures are for periods from Quarter 2 to Quarter 2 of each year. RELATIVE PERFORMANCE OF UNDERLYING FUND OVER ROLLING ONE YEAR PERIODS (as at 30/06/2011) 30/06/2006 - 30/06/2007 - 30/06/2008 - 30/06/2009 - 30/06/2010 - 30/06/2007 30/06/2008 30/06/2009 30/06/2010 30/06/2011 Quartile Rank Q1 Q4 Q3 Q1 Q2 Absolute Rank 32/140 140/156 100/180 17/203 98/230 Figures are for periods from Quarter 2 to Quarter 2 of each year. Quartile rank – if a fund is ranked in the top 25% of funds available within its investment sector over the period shown, it is shown as Q1. Funds ranked in the next 25% are ‘Q2’ etc. Funds in the bottom 25% are ‘Q4’. Absolute rank – shows the fund’s relative positioning when its performance is compared to the other funds in the Financial Express sector. PERCENTAGE GROWTH OF MIRROR FUND OVER FIVE YEARS (as at CUMULATIVE PERFORMANCE OF MIRROR FUND (as at 30/06/2011) 30/06/2011) % growth 40% Since Launch 146.02 30% 3 Months -0.82 20% 6 Months 3.39 10% 1 Year 12.88 3 Years 22.48 0% 5 Years 32.03 -10% 10 Years 64.01 -20% ANNUALISED PERFORMANCE OF MIRROR FUND (as at 30/06/2011) -30% % growth Jul 06 Jul 07 Jul 08 Jul 09 Jul 10 30/06/2006 - 30/06/2011 Powered by data from FE Since Launch 5.89 Standard Deviation* 13.94% * Standard Deviation is a measure of a fund’s risk and volatility. It gives an indication of how much a fund’s price goes up and down in value. So the higher the volatility measure, the greater the risk. The above figure is an annualised figure over a three-year time period. Source: Financial Express Ltd, on a bid to bid basis. Figures to 30/06/2011 IMPORTANT INFORMATION REGARDING MIRROR FUNDS For each fund managed by external investment managers Friends Provident International has set up its own mirror fund, which invests exclusively in the underlying fund, apart from a proportionately small amount, which may be held as a cash balance. This means that the price of the Friends Provident International fund will be different from the corresponding fund due to the cash holding and any differences in fund charges, but will move mainly in line with it. These mirror funds can only be accessed using Friends Provident International product wrappers. Please note that there are fees charged to investments in the mirror funds that will affect their return. For further details, please refer to the relevant fund information brochure. Friends Provident International Limited Registered and Head Office : Royal Court, Castletown, Isle of Man, British Isles, IM9 1RA Telephone: + 44 1624 821212 Fax: +44 1624 824405 Website: www.fpinternational.com Incorporated company limited by shares. Registered in the Isle of Man No. 11494. Authorised by the Isle of Man Insurance Pensions Authority and regulated by the Financial Services Authority for the conduct of investment business in the UK. Provider of life assurance and investment products. The rules and regulations made by the Financial Services Authority for the protection of investors will not normally apply to persons resident outside the United Kingdom. All Policyholders will receive the protection of the Life Assurance (Compensation of Policyholders) Regulations 1991 of the Isle of Man, wherever their place of residence. Investors should be aware that specific investor protection and compensation schemes that may exist in relation to collective investments and deposit accounts are unlikely to apply in the event of such investments held within insurance contracts.