The Responsible Horizons UK Corporate Bond Fund seeks generate a return through a combination of income and capital returns, whilst taking environmental, social and governance (“ESG”) factors into account. The Fund targets the outperformance of the Markit iBoxx GBP Collateralized & Corporate Index after fees over any rolling three year period (meaning a period of three years, no matter which day you start on). However, performance is not guaranteed and a capital loss may occur.

Managed by a market-leading responsible investor: Insight has a long-established focus on responsible investment, with ESG factors having been integrated into the investment process and credit analysis for many years.

Specialist active fixed income manager: well-resourced credit team complemented by wider fixed income group and dedicated ESG team.

Established strategy: the underlying strategy, on which the Responsible Horizons UK Corporate Bond Fund is based, has been managed since 2005.

Sophisticated management of ESG factors focusing on impact as well as exclusions: ESG screening supplements a positive allocation towards higher scoring, best in universe, ESG issuers and a structural allocation to positive impact instruments and issuers.

Commitment to engagement: where a company demonstrates a deteriorating ESG profile, Insight will consider engaging with management with a view to influencing their future behaviour. If no improvement is observed, the Fund will reassess its holdings in the bonds.

Prime is Insight Investment’s proprietary environmental, social and governance (ESG) rating system, which uses extensive global data and in-depth analysis to highlight ESG risk factors.

The Fund’s portfolio managers and analysts use Prime ratings to support their investment decisions, inform their engagement with companies, and to build portfolios with sustainability goals.

The ratings generated by Prime will help to guide the Fund’s investments in line with its stated ESG criteria, with ratings defining whether companies are best-in-class or worst-in-class, and indicating deterioration or improvement with regard to ESG issues.

Insight embeds ESG risk analysis across its investment processes: every portfolio manager and analyst is expected to take ESG factors into account where they are material and relevant to the investments they oversee.

The value of investments can fall. Investors may not get back the amount invested. Income from investments may vary and is not guaranteed.

Benchmark: The Fund will measure its performance against the Markit iBoxx GBP Collateralized & Corporate Index (the “Benchmark”) after fees over any rolling three year period (meaning a period of three years, no matter which day you start on). The Fund will use Markit iBoxx GBP Collateralized & Corporate Index as a target for the purposes of monitoring the risk taken in the Fund and the UK Investment Association’s Sterling Corporate Bond NR Sector average as an appropriate comparator because it includes a broad representation of similar Sterling denominated funds that invest in corporate bonds. The Fund is actively managed, which means the Investment Manager has discretion to invest outside the Benchmarks, subject to the investment objective and policy as disclosed in the Prospectus.

Risks associated with this Fund:

Performance Aim Risk: The performance aim is not a guarantee, may not be achieved and a capital loss may occur. Funds which have a

higher performance aim generally take more risk to achieve this and so have a greater potential for returns to vary significantly.

Currency Risk: This Fund invests in international markets which means it is exposed to changes in currency rates which could affect

the value of the Fund.

Derivatives Risk: Derivatives are highly sensitive to changes in the value of the asset from which their value is derived. A small

movement in the value of the underlying asset can cause a large movement in the value of the derivative. This can increase the sizes of

losses and gains, causing the value of your investment to fluctuate.

When using derivatives, the Fund can lose significantly more than the amount it has invested in derivatives.

Changes in Interest Rates & Inflation Risk: Investments in bonds/ money market securities are affected by interest rates and inflation

trends which may negatively affect the value of the Fund.

Credit Ratings and Unrated Securities Risk: Bonds with a low credit rating or unrated bonds have a greater risk of default. These

investments may negatively affect the value of the Fund.

Credit Risk: The issuer of a security held by the Fund may not pay income or repay capital to the Fund when due.

Real Estate Investment Trust (REITs) Risk: The Fund is subject to risks associated with investing in real estate which may include but is not limited to liquidity constraints arising from difficulties with the disposal of the underlying properties, fluctuations in the value of underlying properties, defaults by borrowers or tenants, market saturation, changes in general and local economic conditions, decreases in market rates for rents, increases in competition, property taxes, capital expenditures or operating expenses and other economic, political or regulatory occurrences affecting companies in the real estate industry.

CoCo’s Risk: Contingent Convertible Securities (CoCo’s) convert from debt to equity when the issuer’s capital drops below a pre-defined level. This may result in the security converting into equities at a discounted share price, the value of the security being written down, temporarily or permanently, and/or coupon payments ceasing or being deferred.

Sustainable Funds Risk: The Fund follows a sustainable investment approach, which may cause it to perform differently than funds that have a similar objective but which do not integrate sustainable investment criteria when selecting securities.

Counterparty Risk: The insolvency of any institutions providing services such as custody of assets or acting as a counterparty to

derivatives or other contractual arrangements, may expose the Fund to financial loss.

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