Balanced Fund Key Investor Information Document - RBS

RBSIF-RBSBalancedKEY 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.Balanced Fund, a sub-fund of the RBS Investment Funds ICVC (ISIN: GB0033520320)This Fund is managed by RBS Collective Investment Funds Limited, part of The Royal Bank of Scotland Group plcOBJECTIVES AND INVESTMENT POLICYThe objective of this Fund is to achieve long termcapital growth and income.To achieve this, this Fund will invest in a mixed rangeof equities, bonds and cash. The mix of bonds, equitiesand cash will vary over time. Equal emphasis will beplaced on the generation of income and capital growth,and this Fund does not pursue any particulargeographic emphasis in its investment strategy.This Fund allows the Investment Manager 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.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 both Accumulation and Incomeshares. If you hold Income shares you can choose tohave 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. If you hold Accumulationshares any income is automatically accumulated andreflected in the price of each Accumulation share.Recommendation: this Fund may not be appropriate forinvestors who plan to withdraw their money within 5years.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 5 because funds of this typehave experienced medium to high rises and falls invalue in the past.The risk and reward category for this Fund is notguaranteed to remain unchanged, and may shift overtime.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. 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.2. 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.3. 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.4. 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.

RBSIF-RBSBalancedCHARGESOne-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 1.55%Charges taken from this Fund under certain specificconditionsPerformance fee NoneThe charges you pay are used to pay the costs of running thisFund, including the costs of marketing and distributing it, but notthe costs of any advice you have been given. Portfoliotransaction costs (estimated) are also included. These chargesreduce the growth of your investment.Any entry and exit charges shown are maximum figures, and insome cases investors may pay less.Ongoing charges are based on the expenses for the yearending 30/11/2013 and this figure may vary from year to year.For more information about charges, please see the Fees andExpenses section of this Fund's Prospectus. The Fund’s AnnualReport for each financial year will include detail on the exactcharges made. Alternatively you can find out the actual chargeswhich apply to your investment by contacting your financialadviser or by contacting us using the details given in thePractical Information section.PAST PERFORMANCEThis chart shows how much this Fundincreased or decreased in value as apercentage in each year.Performance has been calculated in PoundsSterling and takes account of ongoingcharges, but excludes entry and exit charges.This Fund was launched in 2003.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 404 6161).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 FundsICVC. This Fund’s assets shall not be used to discharge theliabilities of the other Funds within this ICVC.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.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 Key Investor Information in this document isrepresentative of the Income share class (ISIN:GB0033520437).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.