5 to 15 Year Gilts Index Fund PMC; 5 to 15 Year Index-Linked Gilts Index Fund PMC; Benchmark: FTSE Actuaries UK Conventional Gilts Over 15 Years Index. Share class launch date: 01 Sep 1994 Benchmark: FTSE Actuaries UK Conventional Gilts Over 15 Years Index. Share class launch date: 03 Apr 2000 product for 5 years. The actual risk can vary significantly if you cash in at an early stage and you may get back less. For more information, please refer to the Key Risks section on page 3. Unit‑Linked Life Insurance Reported in GBP (Gross of charges) Over 15 Year Gilts Index Fund PERFORMANCE (%) Sep 15 Sep 16 Sep 17 Sep 18 Sep 19 0 10 20 30 40 50 60 70

TMBMKGB-15Y | A complete U.K. 15 Year Gilt bond overview by MarketWatch. View the latest bond prices, bond market news and bond rates. 5 to 15 Year Gilts Index Fund PMC; Benchmark: FTSE Actuaries UK Index-Linked Gilts Over 5 Years Index. Benchmark: FTSE Actuaries UK Index-Linked Gilts Over 5 Years Index. Share class launch date: 03 Apr 2000 Rolling 12-month performance. Calendar year performance. Monthly performance. 15-year gilt yields chart is at 0.66% on 28 February 2020 Find out more details: Monthly analysis of annuities and gilt yields Annuity rates are based primarily on the 15-year gilt yields so changes in gilt yields will affect annuities.The above chart shows yields at an all time low of 0.566% on 3 September 2019 after concerns over a no-deal Brexit, the US-China trade tensions and fear of FTSE (R) is a trade mark of the London Stock Exchange Group companies and is used by FTSE under license. All rights in the FTSE indices and/or ratings vest in FTSE Russell and/or its licensors. Neither FTSE Russell nor its licensors accept any liability for any errors or omissions in the FTSE Russell indices and/or FTSE ratings or underlying data. 5 to 15 Year Gilts Index Fund PMC; 5 to 15 Year Index-Linked Gilts Index Fund PMC; Benchmark: FTSE Actuaries UK Conventional Gilts Over 15 Years Index. Share class launch date: 01 Sep 1994 Benchmark: FTSE Actuaries UK Conventional Gilts Over 15 Years Index. Share class launch date: 03 Apr 2000

U.K. 15 Year Gilt advanced bond charts by MarketWatch. View real-time TMBMKGB-15Y bond charts and compare to other bonds, stocks and exchanges.

FTSE Actuaries UK Conventional Gilts Over 15 Years Index Data as at: 31 December 2019 Source: FTSE Russell as at 31 December 2019. Past performance is no guarantee of future results. The Fund aims to provide a return on your investment (generated through an increase in the value of the assets held by the Fund and/or income received from those assets) by tracking closely the performance of the FTSE Actuaries UK Gilts Conventional Over 15 Years Index, the Fund’s benchmark index. The Fund is passively managed and the investment adviser has discretion to select the Fund’s TMBMKGB-15Y | A complete U.K. 15 Year Gilt bond overview by MarketWatch. View the latest bond prices, bond market news and bond rates. 5 to 15 Year Gilts Index Fund PMC; Benchmark: FTSE Actuaries UK Index-Linked Gilts Over 5 Years Index. Benchmark: FTSE Actuaries UK Index-Linked Gilts Over 5 Years Index. Share class launch date: 03 Apr 2000 Rolling 12-month performance. Calendar year performance. Monthly performance. 15-year gilt yields chart is at 0.66% on 28 February 2020 Find out more details: Monthly analysis of annuities and gilt yields Annuity rates are based primarily on the 15-year gilt yields so changes in gilt yields will affect annuities.The above chart shows yields at an all time low of 0.566% on 3 September 2019 after concerns over a no-deal Brexit, the US-China trade tensions and fear of FTSE (R) is a trade mark of the London Stock Exchange Group companies and is used by FTSE under license. All rights in the FTSE indices and/or ratings vest in FTSE Russell and/or its licensors. Neither FTSE Russell nor its licensors accept any liability for any errors or omissions in the FTSE Russell indices and/or FTSE ratings or underlying data.

15-year gilt yields chart is at 0.66% on 28 February 2020 Find out more details: Monthly analysis of annuities and gilt yields Annuity rates are based primarily on the 15-year gilt yields so changes in gilt yields will affect annuities.The above chart shows yields at an all time low of 0.566% on 3 September 2019 after concerns over a no-deal Brexit, the US-China trade tensions and fear of

5 to 15 Year Gilts Index Fund PMC; 5 to 15 Year Index-Linked Gilts Index Fund PMC; Benchmark: FTSE Actuaries UK Conventional Gilts Over 15 Years Index. Share class launch date: 01 Sep 1994 Benchmark: FTSE Actuaries UK Conventional Gilts Over 15 Years Index. Share class launch date: 03 Apr 2000 FTSE Actuaries UK Conventional Gilts Over 15 Years Index Data as at: bmkTitle1 The FTSE Actuaries UK Gilts indexes are among the industry’s most widely-used performance benchmarks for the UK Government bond market. They are used for benchmarking pension benefits and obligations and mutual funds. FTSE provides indexes covering both

Gilt Yields Chart showing the Latest 15-year Gilt Yields, how these have changed and affected annuity rates over the last three years.

5 to 15 Year Gilts Index Fund PMC; 5 to 15 Year Index-Linked Gilts Index Fund PMC; Benchmark: FTSE Actuaries UK Conventional Gilts Over 15 Years Index. Share class launch date: 01 Sep 1994 Benchmark: FTSE Actuaries UK Conventional Gilts Over 15 Years Index. Share class launch date: 03 Apr 2000 product for 5 years. The actual risk can vary significantly if you cash in at an early stage and you may get back less. For more information, please refer to the Key Risks section on page 3. Unit‑Linked Life Insurance Reported in GBP (Gross of charges) Over 15 Year Gilts Index Fund PERFORMANCE (%) Sep 15 Sep 16 Sep 17 Sep 18 Sep 19 0 10 20 30 40 50 60 70 The Fund aims to provide a return on your investment (generated through an increase in the value of the assets held by the Fund and/or income received from those assets) by tracking closely the performance of the FTSE Actuaries UK Gilts Conventional Over 15 Years Index, the Fund’s benchmark index. The Fund is passively managed and the investment adviser has discretion to select the Fund’s The aim of the Sub-Fund is to seek to provide capital growth and income for investors by tracking closely the performance of the FTSE Actuaries UK Conventional Gilts Over 15 Years Index. The fund invests in UK government fixed income securities (gilts) that have a maturity period of 15 years or longer. The fund aims to achieve a return consistent with the FTSE Actuaries UK Conventional Gilts over 15 Years Index, which is widely regarded as the benchmark for UK pension fund investment in the longer dated end of the UK gilt market. FTSE 15-YEAR GILT YIELDS FOR INCOME DRAWDOWN Gilt Yield % 4.00 3.00 2.00 1.00 0.00 May 2016 July 2016September 2016November 2016 y 2017 March 2017 May 2017 July 2017September 2017November 2017 y 2018 March 2018 May 2018 July 2018September 2018November 2018 y 2019 March 2019 May 2019 July 2019September 2019November 2019 y 2020 March 2020.

Created with Highstock 5.0.9 United Kingdom yield curve Latest 1 week ago 1 month ago 1M 3M 6M 2Y 5Y 10Y 15Y 20Y 30Y 0.0% 0.5% 1.0% 1.5% 

FTSE Actuaries UK Conventional Gilts Over 15 Years Index Data as at: bmkTitle1 The FTSE Actuaries UK Gilts indexes are among the industry’s most widely-used performance benchmarks for the UK Government bond market. They are used for benchmarking pension benefits and obligations and mutual funds. FTSE provides indexes covering both To track the return of the FTSE Actuaries UK Conventional Gilts Over 15 Years Index (after adjustment for charges and tax) to within +/- 0.25% each year for two years in three by investing in UK The investment objective of the fund is to track the performance of the FTSE Actuaries UK Conventional Gilts 5-15 Years Index to within +/-0.25% p.a. for two years out of three.

TMBMKGB-15Y | A complete U.K. 15 Year Gilt bond overview by MarketWatch. View the latest bond prices, bond market news and bond rates. 5 to 15 Year Gilts Index Fund PMC; Benchmark: FTSE Actuaries UK Index-Linked Gilts Over 5 Years Index. Benchmark: FTSE Actuaries UK Index-Linked Gilts Over 5 Years Index. Share class launch date: 03 Apr 2000 Rolling 12-month performance. Calendar year performance. Monthly performance. 15-year gilt yields chart is at 0.66% on 28 February 2020 Find out more details: Monthly analysis of annuities and gilt yields Annuity rates are based primarily on the 15-year gilt yields so changes in gilt yields will affect annuities.The above chart shows yields at an all time low of 0.566% on 3 September 2019 after concerns over a no-deal Brexit, the US-China trade tensions and fear of FTSE (R) is a trade mark of the London Stock Exchange Group companies and is used by FTSE under license. All rights in the FTSE indices and/or ratings vest in FTSE Russell and/or its licensors. Neither FTSE Russell nor its licensors accept any liability for any errors or omissions in the FTSE Russell indices and/or FTSE ratings or underlying data. 5 to 15 Year Gilts Index Fund PMC; 5 to 15 Year Index-Linked Gilts Index Fund PMC; Benchmark: FTSE Actuaries UK Conventional Gilts Over 15 Years Index. Share class launch date: 01 Sep 1994 Benchmark: FTSE Actuaries UK Conventional Gilts Over 15 Years Index. Share class launch date: 03 Apr 2000 FTSE Actuaries UK Conventional Gilts Over 15 Years Index Data as at: bmkTitle1 The FTSE Actuaries UK Gilts indexes are among the industry’s most widely-used performance benchmarks for the UK Government bond market. They are used for benchmarking pension benefits and obligations and mutual funds. FTSE provides indexes covering both