Report as of 26 Sep 2021 BMO UK High Income Plc BHI

Morningstar® Peer Group (PG) Morningstar® Benchmark Fund Benchmark Morningstar Rating™ UK Equity Income Morningstar UK Adventurous Target FTSE All-Share Q Allocation NR GBP Used throughout report

Investment Objective Performance % In pursuit of its objective, the Company invests 55 predominantly in UK equities and equity-related 44 Fund securities of companies across the market 33 Fund NAV capitalisation spectrum. The objective will be to achieve 22 PG a total return in excess of that of the FTSE All-Share 11 PG NAV 0 Index. The Manager will approach investment portfolio -11 construction with the aim of maintaining a diversified portfolio... 2016Discount 2017 2018 2019 2020 2021 -4 Returns % (Market price) Fund PG -5 3 Months 2.90 3.03 -6 6 Months 10.81 8.28 -7 Discount 1 Year 31.46 22.83 -8 3 Years Annualised 5.53 8.13 -9 -10 5 Years Annualised 6.03 8.37 10 Years Annualised 8.93 9.47 20162016 20172017 20182018 20192019 20202020 2021 Data Through 24/09/2021 14.33 10.04 -12.72 23.60 -6.30 Fund Risk Measures (NAV) 14.77 13.24 -16.95 24.43 -3.13 Fund NAV 3Y Alpha -7.13 3Y Sharpe Ratio 0.28 7.43 13.42 -10.39 22.53 -7.84 PG 3Y Beta 1.49 3Y Std Dev 21.80 10.28 13.26 -9.79 16.45 -5.19 PG NAV 3Y R-Squared 81.20 3Y Risk High 3Y Info Ratio -0.39 5Y Risk High 3Y Tracking Error 11.56 10Y Risk High Calculations use Morningstar UK Adventurous Target Allocation NR GBP (where applicable)

Key Statistics

Fund Company BMO Investment Business AIC Sector UK Equity Income Close Price (24/09/2021) GBX 98.50 Ltd Market Capitalisation 83.895m Last Actual NAV (23/09/2021) 103.35 Manager Name Philip Webster Total Assets 100.059m Cum Fair NAV 102.22 Inception Date 01/03/2007 Net Assets 87.059m Discount Cum Fair -3.63% Financial Year End Mar 2022 Number of Shares outstanding 85.173m Discount Cum Fair 1Y -8.41% Exchange Stock Exchange Net Gearing 10% Z-statistics 1Y 2.33 Domicile United Kingdom Net Cash 0% Dividend Growth 1Yr 1.73% Currency GBP Ongoing Charge 1.04% Dividend Growth 3Yrs 2.79% ISIN GB00B1N4G299 Performance Fee - Dividend Growth 5Yrs 2.87% NAV Frequency Daily Total Dist Yield 5.38% Dividend Frequency Quarterly

Portfolio 31/07/2021

Asset Allocation % Net Morningstar Style Box™ World Regions % Fund Stocks 100.08 Equity Style Fixed Income Style Large Size High Credit Quality Americas 0.00 Bonds 0.00 United States 0.00 Cash -0.08 Mid Med Canada 0.00 Other 0.00

Small Low Latin America 0.00

Value Blend Growth Ltd Mod Ext Greater Europe 100.00 Style Interest Rate Sensitivity United Kingdom 78.63 Eurozone 17.66 Top Holdings Stock Sector Weightings % Fund Europe - ex Euro 3.71 Name Sector % hCyclical 69.05 Europe - Emerging 0.00 Rio Tinto PLC r 5.86 jSensitive 11.31 Africa 0.00 British American Tobacco PLC s 5.65 kDefensive 19.64 Middle East 0.00 GlaxoSmithKline PLC d 5.29 Greater Asia 0.00 RELX PLC i 5.18 Fixed Income Sector Weightings % Fund Japan 0.00 Intermediate Capital Group PLC y 5.02 ⁄Government 0.00 Australasia 0.00 Compass Group PLC t 4.88 ›Corporate 0.00 Asia - Developed 0.00 Holdings PLC y 4.47 uSecuritized 0.00 Asia - Emerging 0.00 PLC y 3.83 ‹Municipal 0.00 Berkeley Group Holdings... t 3.83 yCash & Equivalents -0.08 Compagnie Financiere... t 3.67 ±Derivative 0.00 Assets in Top 10 Holdings % 47.66

© 2021 Morningstar. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein: (1) include the proprietary information of Morningstar and Morningstar’s third party licensors; (2) may ® not be copied or redistributed except as specifically authorised;(3) do not constitute investment advice;(4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates. Morningstar is not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it ß and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up. Report as of 26 Sep 2021 BMO UK High Income Plc BHI

Total Number of Equity Holdings 34 Total Number of Bond Holdings 0

© 2021 Morningstar. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein: (1) include the proprietary information of Morningstar and Morningstar’s third party licensors; (2) may ® not be copied or redistributed except as specifically authorised;(3) do not constitute investment advice;(4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates. Morningstar is not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it ß and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.