Income Fund Key Investor Information Document - Royal Bank of ...

IncomeFundKEY INVESTOR INFORMATIONThis document provides you with key investor information about this Fund. It is not marketing material. Theinformation is required by law to help you understand the nature and the risks of investing in this Fund. You areadvised to read it so you can make an informed decision about whether to invest.Income Fund, a sub-fund of the RBS Investment Options ICVC (ISIN: GB00B2RJG506)This Fund is managed by RBS Collective Investment Funds Limited, part of The Royal Bank of Scotland Group plcOBJECTIVES AND INVESTMENT POLICYTo achieve a regular and growing level of income andcapital growth over the long term, (minimumrecommended term of 5 years).To achieve this, this Fund mainly invests in equities,bonds (fixed interest), and cash deposits.Investments can be made in overseas assets and themix will vary over time, but most investments will be inmarkets in the UK, North America, Europe and Asia.This Fund does not normally invest directly in individualstocks and shares, but makes investments throughother funds with specialist managers. The selection ofthese underlying funds is based upon that fund'sinvestment manager delivering performance within setcriteria. The Fund Manager is able to makediscretionary choices when deciding which investmentsshould be held in this Fund. These investmentdecisions will always be made within the constraints ofthis Fund’s objective and investment policy.This Fund does not have targets in relation to anyindustrial, geographic or other market sector or class ofassets but is benchmarked against the IMA MixedInvestment 20-60% Sector, which represents theaverage of funds with similar investment criteria.You may normally sell your shares in this Fund on eachBusiness Day. Requests to sell received and acceptedby 5pm on a Business Day will be dealt at the pricecalculated on the next Business Day.This Fund issues Income shares and you can chooseto have your distribution of income paid directly to yourbank or building society current account. Alternatively,you may choose to have income distributionsautomatically reinvested, to purchase further shares ofthe same Class and Fund.This Fund may not be appropriate for investors whoplan to withdraw their money within 5 years.RISK AND REWARD PROFILELower riskTypically lower rewardsHigher riskTypically higher rewards1 2 3 4 5 6 7These ratings indicate how this Fund may perform andthe risk of losing some or all of your capital. Generallythe potential for higher gains also means a higher riskof losses. The lowest rating does not mean a risk freeinvestment.This Fund is ranked at 4 because funds of this typehave experienced average rises and falls in value inthe past. The risk and reward category for this Fund isnot guaranteed to remain unchanged, and may shiftover time.Historical data, such as is used for calculating therating, may not be a reliable indication of the future riskprofile of this Fund.The following risk factors contribute to the overall riskand reward indicator:1. We take some or all of the annual managementcharge from capital. Because of this, your capital maybe reduced over time if this Fund’s growth does notcompensate for it. Also, any capital growth this Fundproduces will be reduced by the charges.2. This Fund invests in company stocks and sharesand their value depends on the financial state of theunderlying companies. Any fall in the financial outlookfor, or failure of, such companies can reduce thisFund’s share price and the income that it pays.3. As this Fund holds fixed interest securities the levelof income that this Fund provides will often vary fromone payment to another. In addition, the share priceand income from this Fund will rise and fall due tomovements in interest rates and inflation.4. This Fund invests in overseas investments and theshare price will go up and down in line with movementsin exchange rates as well as the changes in value ofthis Fund’s holdings.5. This Fund may have some investment in securitiesissued by companies in so-called ‘emerging markets’.This carries a higher risk than investing in larger,established markets. Investments in emerging marketsare likely to experience greater rises and falls in value,and may have problems in trading and settlement.6. Smaller companies are likely to be financially weakerand less well established than larger companies.Therefore shares in such companies are generally ahigher risk investment than shares in larger companies.7. The valuation of property is generally a matter ofvaluer’s opinion rather than fact. Property may sell forless than it is valued at, which would reduce this Fund’sshare price. The share price will reflect:– Property values and rental income– Capital value and dividends of property relatedshares.

IncomeFundCHARGESOne-off charges taken before or after you investEntry charge 5.00%Exit charge NoneThis is the maximum that might be taken out of yourmoney before it is invested or paid outCharges taken from this Fund over a yearOngoing charge 2.00%Charges taken from this Fund under certain specificconditionsPerformance fee NoneThe charges you pay are used to pay the costs of runningthis Fund, including the costs of marketing and distributingit, but not the costs of any advice you have been given.Portfolio transaction costs (estimated) are also included.These charges reduce the growth of your investment.Any entry and exit charges shown are maximum figures,and in some cases investors may pay less.Ongoing charges are based on the expenses for the yearending 31/10/2013, and this figure may vary from year toyear.For more information about charges, please see the Feesand Expenses section of this Fund's prospectus. TheFund’s Annual Report for each financial year will includedetail on the exact charges made. Alternatively you can findout the actual charges which apply to your investment bycontacting your financial adviser or by contacting us usingthe details given in the Practical Information section.PAST PERFORMANCEThis chart shows how much this Fundincreased or decreased in value as apercentage in each year, allowing for anyIncome payments made, alongside itsbenchmark, IMA 20-60% Mixed InvestmentSector. As noted in the Objectives section,this Fund also aims to deliver a yield of 120%or over of the dividend yield of the FTSE® AllShare Index.Performance has been calculated in PoundsSterling and takes account of ongoingcharges, but excludes entry and exit charges.This Fund was launched in 2008.Past performance is not a reliable guide tofuture performance.PRACTICAL INFORMATIONThe Investment Manager for this Fund is Aviva InvestorsGlobal Services Limited.The Depositary for this Fund is JP Morgan Trustee &Depositary Company Limited who are responsible for thesafekeeping of this Fund’s assets and ensuring this Fund ismanaged in accordance with FCA rules.For more information about this Fund or to obtain copies ofthe Prospectus, or Report and Accounts for this Fund inEnglish at no charge, you can write to us at:RBS Collective Investment Funds LimitedPO Box 9908ChelmsfordCM99 2AFTel: 0845 300 2585Customers with hearing and speech impairments can contactus by minicom (RBS 0800 404 6160 / NW 0800 917 0526).The prices and latest yields are published daily in theFinancial Times. Alternatively they are available on theinvestment pages of http://www.rbs.co.uk/personal/investments.ashx or http://www.natwest.com/personal/investments.ashx, or by telephoning the number above.This Fund's assets and liabilities are segregated from theother Funds available within the RBS Investment OptionsICVC. This Fund’s assets shall not be used to discharge theliabilities of the other Funds within this ICVC.Tax legislation in the UK may have an impact on yourpersonal tax position.RBS Collective Investment Funds Limited may be held liablesolely on the basis of any statement contained in thisdocument that is misleading, inaccurate or inconsistent withthe relevant parts of the Prospectus for this Fund.This Fund is not open to new investors. However existinginvestors have the ability to switch into another Fund withinthis ICVC, but must use a Fund Switch Form which can beobtained on-line from the investment pages of http://www.rbs.co.uk/personal/investments.ashx or http://www.natwest.com/personal/investments.ashx.This Fund and Aviva Investors Global Services Limited are authorised in the United Kingdom and regulated by theFinancial Conduct Authority.This key investor information is accurate as at 17 February 2014.