ZI PineBridge Latin America Small & MidCap Equity Fund

November 2019 Zurich fund information (as at 31/10/2019) Fund objective The fund seeks to achieve capital growth by investing in small to medium sized companies whose Launch date 01/11/2011 assets, products or operations are based in Latin America. Current bid USD 0.917 ...... Fund size(m) USD 4.36 (as at 30/09/2019) Sectors (as at 30/09/2019) FE sector Global Emerging Markets Consumer Discretionary 25.5% Fund currency USD Industrials 17.5% ZIL charge 0.75% Utilities 13.4% Annual management charge* 1.30% Financials 12.1% Crown rating† Consumer Staples 8.9% ...... Materials 6.7% Additional fund information (as at 31/10/2019) Real Estate 6.7% Fund name PineBridge Latin America Small & Health Care 4.0% MidCap Equity Others 2.8% Benchmark MSCI EMERGING MARKETS LATIN Money Market 2.4% AMERICA SMALL CAP Fund manager Andrew Jones,Gustavo Pozzi Source:FE ISIN Code IE00B1RM6L88 ...... SEDOL B1RM6L8 Regions (as at 30/09/2019) SEDOL codes © London Stock Exchange, reproduced under Licence 68.0% ...... Mexico 17.0% Top ten holdings (as at 30/09/2019) SA EMPREEND 5.7% Chile 9.8% GRUPO AEROPORTUARIO DEL CENTRO 3.9% Money Market 2.4% NORT BANCO ESTADO DO RIO GRANDE DO SUL 3.7% Colombia 1.9% S.A. Argentina 0.9% AZUL SA 3.6% GUARARAPES CONFECCOES S.A. 3.0% MRV ENGENHARIA PARTICIPACOES SA 3.0% SA 2.9% REGIONAL SA DE CV 2.8% YDUQS PARTICIPACOES S.A. 2.7% FLEURY SA 2.7% Source: FE Source:FE ...... * Please note, this charge is deducted daily before calculating the unit price. This does not include any product charges. For further information on product charges, please refer to the relevant policy terms and conditions. † FE Crown Fund Ratings is a quantitative based ratings system founded on historical performance, volatility and consistency. Funds are ranked against a relative benchmark chosen by FE with the lowest-rated funds carrying a single crown, and the highest awarded five crowns. Funds without a three-year track record are not rated. However, in some cases a rating is applied to funds whose underlying fund carries a three-year track record. FE Crown Ratings are produced solely by FE and its accuracy or completeness cannot be guaranteed.

For relevant financial professional use only.This factsheet is for information only and is written assuming you are familiar with investment terminology.It has been provided to help you understand how the fund is invested and performing. It should not be used for making investment decisions. Zurich International Life ZI PineBridge Latin America Small & MidCap Equity Fund November 2019

Things you need to know Cumulative performance (as at 31/10/2019)

This factsheet is for relevant financial professional use 1 mth 3 mths 6 mths 1 year 3 years 5 years 10 years Since inception only...... % growth 5.56% -5.48% 2.66% 8.77% 11.40% -7.94% - -31.93% ...... Zurich International Life is a business name of Zurich MSCI 4.68% -2.51% 8.31% 20.89% 26.93% 5.65% 13.57% 17.33% EMERGING International Life Limited. MARKETS LATIN Zurich International Life Limited is fully authorised AMERICA SMALL CAP under the Isle of Man Insurance Act 2008 which ...... ensures that the Company has sound and 3 year statistical fund data (as at 31/10/2019) professional management and provision has been made to protect policy owners. Monthly volatility 6.14% ...... Best 3 month return 17.50% For life assurance companies authorised in the Isle of ...... Man, the Isle of Man's Life Assurance (Compensation Worst 3 month return -18.34% ...... of Policyholders) Regulations 1991, ensure that in the event of a life assurance company being unable to Source: FE, figures to 31/10/2019, bid to bid gross in USD. Past performance is not a guide to future performance. meet its liabilities to its policy owners, up to 90% of the liability to the protected policy owner will be met. Discrete performance (as at 30/09/2019)

Nothing contained in this factsheet should be Sep 14 Sep 15 Sep 16 Sep 17 Sep 18 -Sep 15 -Sep 16 -Sep 17 -Sep 18 -Sep 19 intended as an offer to invest. Anyone considering ...... % growth -38.4% 25.6% 24.6% -13.9% 5.0% investing in this fund should seek professional ...... guidance. This information is only a summary and MSCI EMERGING -39.8% 27.3% 33.4% -15.2% 16.5% MARKETS LATIN may be subject to change without notice. It was AMERICA SMALL CAP obtained from what we believe to be reliable sources...... Zurich International Life Limited has taken all Source: FE, figures to 30/09/2019, bid to bid gross in USD. Percentage growth figures are for reasonable care to ensure the information in this discrete years, for example Sep 14-Sep 15 equals 30/09/2014 to 30/09/2015. Past performance is not a guide to future performance. factsheet is accurate at time of publication and accepts responsibilty accordingly. Fund performance vs benchmark and/or sector, 5 years/since inception

For further information about this fund, please refer 10.0% to the charts on page one. For further details about our funds and charges, please refer to the 'Your 0.0% guide to investment choices' brochure, a copy of -10.0% which is available on request.

-20.0% You should note that investing in mirror funds could result in the possibility of large and sudden falls in the -30.0% prices of shares. The shortfalls on cancellation or loss

on realisation could be considerable. You could get -40.0% back nothing at all. You should note that when investing into mirror funds, the charges, expenses -50.0% and taxation of the underlying funds vary and Nov 14 Mar 15 Jul Nov Mar 16 Jul Nov Mar 17 Jul Nov Mar 18 Jul Nov Mar 19 Jul performance may differ. ZI PineBridge Latin America Small & MidCap Equity Fund MSCI EMERGING MARKETS LATIN AMERICA SMALL CAP Calls may be recorded or monitored in order to offer 31/10/2014 - 31/10/2019 Powered by data from FE Source: FE as at 31/10/2019, bid to bid gross in USD. Past performance is not a guide to additional security, resolve complaints and for future performance. training, administrative and quality purposes. Past performance is not a guide to future performance. The value of any investment and the income from it can fall as a result of market and currency fluctuations and you could get back less than the amount originally invested.

Performance figures include the deduction of the Zurich International Life (ZIL) fund For information or to see management charge and the annual management charge. our full range of funds, go to our website www.zurichinternational.com

Zurich International Life is a business name of Zurich International Life Limited (a company incorporated in the Isle of Man with limited liabilty) which provides life assurance, investment and protection products and is authorised by the Isle of Man Financial Services Authority.

Registered in the Isle of Man number 20126C. Registered office: Zurich House, Isle of Man Business Park, Douglas, Isle of Man, IM2 2QZ, British Isles. Telephone +44 1624 662266 Telefax +44 1624 662038 www.zurichinternational.com

Hong Kong office: 25-26/F, One Island East, 18 Westlands Road, Island East, Hong Kong. Telephone +852 3405 7150 Telefax +852 3405 7268 www.zurich.com.hk