Legacy Funds

Regulations require us to provide you with a breakdown of the actual costs and charges incurred on your investments for the previous year.

The charges shown in the SID are designed to provide an estimate of the total costs and charges associated with a product or service to enable you to make an informed decision prior to making an investment. These are calculated based on previous costs but allowing for any changes that will influence future costs.

The actual costs are broken down into the following categories:

• One-off charges: all costs and charges paid when investing in or exiting from the fund(s). For RBSCIFL Funds there are no one-off charges, so these will always be zero.
• Ongoing charges: these include the charges for the management of the fund(s) including investment management, and are allowed for in the daily price of the fund(s).
• Transaction charges: all costs and charges incurred on transactions in respect of the underlying assets of the fund. These reflect the buying and selling of assets within the fund and the dealing and other costs involved in doing this.

The table in your statement shows you the overall costs, and how these will impact on the value of your investment. This also shows you the impact of costs on a percentage basis of the amounts invested.

It is important to note that past performance for the funds is reported on a net basis, so after all costs and charges have been applied.