UK Smaller Companies Trust.

Why invest in the UK Smaller Companies Trust?

• The fund invests in companies that make up the lowest 10% of the capitalisation of the UK equity markets. These companies are chosen from all market sectors.
• Gain exposure to a range of industries, including technology, financial services and manufacturing.
• Invest up to £11,280 tax-efficiently in an ISA or an unlimited amount in a unit trust.
• Minimum investment: £500 as a lump sum, or £50 a month.
• Initial fee discounted to 0% and no withdrawal fee.
• You can top-up your investment at any time.
• Potential for long-term growth.

Charges

 * as at 31 December 2011

Fund Performance

Source:Lipper. The graph above shows the annual performance of the fund over five years, as at 31 December 2011. They take into account the annual management charge and extra expenses, and assume net income is reinvested.

 *Source: Lipper. The table above shows the annual performance of the fund over five years, as at 31 March 2012. They take into account the annual management charge and extra expenses, and assume net income is reinvested.
**Source: Lipper. Assumes an investment of £10,000 on 31 March 2007. The value shows cumulative growth for each year over a five year period and includes the initial investment. The figures take into account the annual management charge and extra expenses and assume net income is reinvested.

Past performance is not a guide to future performance.

Where the fund invests

 *as at 31 December 2011

Before you Apply

• Please remember the value of your investment and any income from it may fall as well as rise and is not guaranteed.
• You may get back less than you invest.
• Although there is no fixed term you should consider ISA and unit trust investments to be medium to long term, ideally five years or more.
• The tax efficiency of ISAs is based on current rules. The current tax situation may not be maintained. The benefit of the tax treatment depends on individual circumstances.
• Each trust has its own individual risks. More details about the fund specific risks can be found in the 'Key Investor Information' document. More general information can be found in 'Additional Fund Information' and 'A Guide to Investing with Us'. Before you decide to invest you must read these documents.