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FUND OVERVIEW Share Class C (Accumulation) Share Class A (Income) Share Class C (Income) Share Class D (Accumulation) Share Class D (Income) Fund Manager(s) Mike Fox Fund Size £460.39m Domicile United Kingdom ISA Available and Eligible Investment Association Sector Mixed Investment 40-85% Shares Currency GBP Unit Launch Date 26.11.12 Initial Charge 0.00% Annual Charge 0.75% Minimum Investment £1,000 Ongoing Charges Figure (OCF) 0.77% SEDOL B882H24 Mid 212.60p Historic Yield 0.99% Unit Launch Date 21.09.09 Initial Charge 5.00% Annual Charge 1.50% Minimum Investment £1,000 Ongoing Charges Figure (OCF) 1.52% SEDOL B3PXJX0 Mid 243.20p Historic Yield 0.30% Unit Launch Date 26.11.12 Initial Charge 0.00% Annual Charge 0.75% Minimum Investment £1,000 Ongoing Charges Figure (OCF) 0.77% SEDOL B8GG632 Mid 196.80p Historic Yield 1.00% Unit Launch Date 26.11.12 Initial Charge 0.00% Annual Charge 0.60% Minimum Investment £500,000 Ongoing Charges Figure (OCF) 0.62% SEDOL B8GHTZ8 Mid 214.30p Historic Yield 1.12% Unit Launch Date 26.11.12 Initial Charge 0.00% Annual Charge 0.60% Minimum Investment £500,000 Ongoing Charges Figure (OCF) 0.62% SEDOL B8N2569 Mid 196.80p Historic Yield 1.14% ROYAL LONDON SUSTAINABLE WORLD TRUST 31.05.18 Overview To provide medium to long-term capital growth via worldwide investments in multiple asset classes, but primarily equities with some fixed-interest securities and cash. Year-on-year performance 31.05.17 to 31.05.18 31.05.16 to 31.05.17 31.05.15 to 31.05.16 31.05.14 to 31.05.15 31.05.13 to 31.05.14 Share Class C (Accumulation) 10.5% 29.3% 1.2% 17.4% 7.6% Share Class A (Income) 9.7% 28.4% 0.4% 16.4% 6.8% Share Class C (Income) 10.5% 29.3% 1.2% 17.3% 7.6% Share Class D (Accumulation) 10.6% 29.5% 1.4% 17.5% 7.8% Share Class D (Income) 10.6% 29.5% 1.3% 17.5% 7.7% Sector Average 4.3% 19.1% -3.6% 10.3% 4.6% Cumulative Performance (as at 31.05.18) 3 Months 6 Months 1 Year 3 Years 5 Years Share Class C (Accumulation) 5.4% 5.6% 10.5% 44.5% 82.6% Share Class A (Income) 5.2% 5.2% 9.7% 41.3% 75.8% Share Class C (Income) 5.5% 5.6% 10.5% 44.6% 82.6% Share Class D (Accumulation) 5.5% 5.6% 10.6% 45.2% 83.9% Share Class D (Income) 5.5% 5.6% 10.6% 45.2% 83.8% Sector Average 2.3% 2.0% 4.3% 19.7% 38.2% Quartile Ranking 1 1 1 1 1 Performance Chart Source: RLAM and FE as at 31.05.18. Mid to mid, net of fees and taxes, net income reinvested unless otherwise stated. Benchmark index performance gross of fees and taxes. Past performance is not a guide to future performance. The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount originally invested. Distribution History (Net) May 18 Nov 17 May 17 Share Class A (Income) 0.01p 0.73p 0.52p Share Class C (Income) 0.71p 1.26p 1.04p Share Class D (Income) 0.85p 1.40p 1.16p Table above shows figures as at payment date. Trust Sector Average Jun 13 Sep 14 Dec 15 Mar 17 Jun 18 0% 50% 100% 31.05.13 - 31.05.18 Powered by data from FE

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FUND OVERVIEW

Share Class C (Accumulation)

Share Class A (Income)

Share Class C (Income)

Share Class D (Accumulation)

Share Class D (Income)

Fund Manager(s) Mike FoxFund Size £460.39mDomicile United KingdomISA Available and EligibleInvestment Association Sector

Mixed Investment 40-85% Shares

Currency GBP

Unit Launch Date 26.11.12Initial Charge 0.00%Annual Charge 0.75%Minimum Investment £1,000Ongoing Charges Figure (OCF) 0.77%SEDOL B882H24Mid 212.60pHistoric Yield 0.99%

Unit Launch Date 21.09.09Initial Charge 5.00%Annual Charge 1.50%Minimum Investment £1,000Ongoing Charges Figure (OCF) 1.52%SEDOL B3PXJX0Mid 243.20pHistoric Yield 0.30%

Unit Launch Date 26.11.12Initial Charge 0.00%Annual Charge 0.75%Minimum Investment £1,000Ongoing Charges Figure (OCF) 0.77%SEDOL B8GG632Mid 196.80pHistoric Yield 1.00%

Unit Launch Date 26.11.12Initial Charge 0.00%Annual Charge 0.60%Minimum Investment £500,000Ongoing Charges Figure (OCF) 0.62%SEDOL B8GHTZ8Mid 214.30pHistoric Yield 1.12%

Unit Launch Date 26.11.12Initial Charge 0.00%Annual Charge 0.60%Minimum Investment £500,000Ongoing Charges Figure (OCF) 0.62%SEDOL B8N2569Mid 196.80pHistoric Yield 1.14%

ROYAL LONDONSUSTAINABLE WORLD TRUST

31.05.18

OverviewTo provide medium to long-term capital growth via worldwide investments in multiple asset classes, but primarily equities with some fixed-interest securities and cash.

Year-on-year performance

31.05.17 to 31.05.18

31.05.16 to 31.05.17

31.05.15 to 31.05.16

31.05.14 to 31.05.15

31.05.13 to 31.05.14

Share Class C (Accumulation) 10.5% 29.3% 1.2% 17.4% 7.6%

Share Class A (Income) 9.7% 28.4% 0.4% 16.4% 6.8%

Share Class C (Income) 10.5% 29.3% 1.2% 17.3% 7.6%

Share Class D (Accumulation) 10.6% 29.5% 1.4% 17.5% 7.8%

Share Class D (Income) 10.6% 29.5% 1.3% 17.5% 7.7%

Sector Average 4.3% 19.1% -3.6% 10.3% 4.6%

Cumulative Performance (as at 31.05.18)

3 Months 6 Months 1 Year 3 Years 5 Years

Share Class C (Accumulation) 5.4% 5.6% 10.5% 44.5% 82.6%

Share Class A (Income) 5.2% 5.2% 9.7% 41.3% 75.8%

Share Class C (Income) 5.5% 5.6% 10.5% 44.6% 82.6%

Share Class D (Accumulation) 5.5% 5.6% 10.6% 45.2% 83.9%

Share Class D (Income) 5.5% 5.6% 10.6% 45.2% 83.8%

Sector Average 2.3% 2.0% 4.3% 19.7% 38.2%

Quartile Ranking 1 1 1 1 1

Performance Chart

Source: RLAM and FE as at 31.05.18. Mid to mid, net of fees and taxes, net income reinvested unless otherwise stated. Benchmark index performance gross of fees and taxes. Past performance is not a guide to future performance. The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount originally invested.

Distribution History (Net)

May 18 Nov 17 May 17

Share Class A (Income) 0.01p 0.73p 0.52p

Share Class C (Income) 0.71p 1.26p 1.04p

Share Class D (Income) 0.85p 1.40p 1.16p

Table above shows figures as at payment date.

Trust Sector Average

Jun 13 Sep 14 Dec 15 Mar 17 Jun 18

0%

50%

100%

31.05.13 - 31.05.18 Powered by data from FE

Fund Manager(s)Mike FoxLead ManagerFund Manager tenure:21.09.09

Yield DefinitionsThe historic yield reflects distributions declared over the past twelve months as a percentage of the mid-market price, as at the date shown. It does not include any preliminary charge and investors may be subject to tax on their distributions.

CONTACT DETAILSPrivate InvestorsFor enquiries and dealing: Tel: 03456 04 04 04

IntermediariesFor enquiries: Tel: 0203 272 5950Email: [email protected]

Institutional InvestorsFor enquiries: Tel: 020 7506 6500Email: [email protected]

Head OfficeRoyal London Asset Management Limited 55 Gracechurch StreetLondon, EC3V 0RLTel: 020 7506 6500

Risk WarningThis fund can invest more than 35% of its value in government securities.Royal London Asset Management Limited, registered in England and Wales number 2244297; Royal London Unit Trust Managers Limited, registered in England and Wales number 2372439. RLUM Limited, registered in England and Wales number 2369965. All of these companies are authorised and regulated by the Financial Conduct Authority.All of these companies are subsidiaries of The Royal London Mutual Insurance Society Limited, registered in England and Wales number 99064. Registered Office: 55 Gracechurch Street, London, EC3V 0RL. The marketing brand also includes Royal London Asset Management Bond Funds Plc, an umbrella company with segregated liability between sub-funds, authorised and regulated by the Central Bank of Ireland, registered in Ireland number 364259. Registered office: 70 Sir John Rogerson’s Quay, Dublin 2, Ireland.

Source: RLAM, Financial Express and HSBC as at 31.05.18, unless otherwise stated. Yield definitions are shown above.

Our ref: FF RLAM PD 0175

For more information concerning the risks of investing, please refer to the Prospectus and Key Investor Information Document (KIID).

Breakdowns exclude cash and futures.

Fund CommentaryDuring May the FTSE All-Share Index rose by 2.8% as risk assets continued to move higher. The positive move in the market was despite the simmering trade disputes between the US and the rest of the world, political tensions in the eurozone and a fall in emerging markets. Against this backdrop, the MSCI World Index rose by a modest 0.7%. In reality the fact that global economic growth continues to grow at an attractive rate, coupled with a relatively subdued inflationary backdrop, means that corporates remain well positioned to grow profits and ultimately this is what positively influences share prices. The main market features during the month included the strong performance of the oil and mining sectors reflecting the strength of commodities so far in 2018. Whilst the worst performing area was telecoms which fell sharply as both BT and Vodafone disappointed.

The trust outperformed in May. Rentokil, Smiths Group and Deere were the largest contributors to the positive performance. Rentokil the pest control business continues to remain attractive reflecting its rate of organic growth, whilst Smiths Group was has a conglomerate corporate structure is in talks to merge its healthcare business with a competitor which would be positive. Deere has struggled over the last couple of months against a backdrop of trade policy led uncertainty in the agricultural markets but published very positive results during May and saw its share price appreciate.

Transactions in the month saw the trust switching out of Johnson & Johnson and into Aptiv, a US electric vehicle component manufacturer. We think that the long-term dynamics of the autonomous/electric vehicle sector are more positive than those in healthcare.

Geographical Breakdown

Fund

UK 36.2%USA 33.4%Germany 10.3%France 5.6%Netherlands 4.7%Switzerland 2.2%Norway 2.2%Hong Kong 1.8%Denmark 1.5%Other 1.9%

Sector Breakdown

Fund

Industrials 20.6%Technology 17.5%Fixed Income 15.1%Consumer Goods 14.3%Health Care 10.8%Financials 8.4%Consumer Services 6.9%Basic Materials 6.5%

Asset Split

Fund

North American Equities 30.1%UK Equities 26.1%European Equities 25.2%UK Fixed Interest 14.9%Asia Pacific Equities 1.9%Money Market 1.9%

Top 10 Holdings as at 30.05.18

Fund

AMAZON.COM INC 3.9%MICROSOFT CORP 3.6%RENTOKIL INITIAL 3.4%ASML HOLDING NV 3.4%DEERE & CO 3.4%INFINEON TECHNOLOGIES AG 3.2%VISA INC CLASS A SHARES COMMON STOCK USD.0001 3.1%SMITH(DS) PLC 3.1%ALPHABET INC 3.1%TE CONNECTIVITY LTD 3.0%

Total 33.2%No of Holdings 288

Every effort is made to ensure the accuracy of any information provided but no assurances or warranties are given. Nothing in this factsheet should be construed as advice and is therefore not a recommendation to buy or sell shares.