We've written this fund factsheet assuming you have some experience of investing. This means that although we have tried to write as much as possible in plain language, we may have used certain words or phrases that might not be familiar to you, particularly if you are new to investing. Its purpose is to help you understand how the fund is invested and performing. You should not use it on its own for making investment decisions. It is not an offer to buy or sell any investments or shares. If there's something you don't understand, please contact your adviser. If you don't have an adviser, please call us, we can help you find one near you.

Zurich Ninety One UK Special Situations ZP

September 2021 Fund objective

Zurich fund information The Ninety One UK Special Situations fund (the underlying 'Fund') aims to provide income (as at 31/08/2021) and capital growth over at least a 5-year periods. The Fund invests primarily (at least two- thirds) in the shares of UK companies (those incorporated in, domiciled in, or that have Launch date 09/11/2009 significant economic exposure to, the UK) and in related derivatives (financial contracts Single price 1174.30p whose value is linked to the price of an underlying asset). The Fund may invest in other assets Fund size (£m) 0.3 (as at 31/08/2021) such as cash, money market instruments (tradable securities where money can be invested ABI Sector UK All Companies for short periods), up to 10% in other funds (which may be managed by the Investment Fund Charges* 0.82% Manager, other companies in the same group as the Investment Manager or a third party) SEDOL B3W2NC7 and derivatives (financial contracts whose value is linked to the price of an underlying asset). SEDOL codes © London Stock Exchange, reproduced under license Mex ID ADZP8 Derivatives may be used for investment purposes (i.e. in order to achieve the Fund’s ISIN code GB00B3W2NC75 investment objectives) or for efficient portfolio management purposes e.g. with the aim of Crown rating either managing the Fund risks or reducing the costs of managing the Fund. The Fund is actively managed. This means the Investment Manager is free to select investments with the The Zurich fund invests in Ninety One UK Special aim of achieving the Fund’s objectives. The Fund is managed with reference to a benchmark Situations index, the FTSE All-Share (Total Return) Index, because it uses this index for performance Information for Ninety One UK Special comparison. Situations Fund availability (as at 31/08/2021) This fund was previously called Zurich UK Special Situations. Launch date 02/10/1978 Fund size (£m) 379.7 (as at 31/08/2021) Fund features SEDOL BD5J0X5 This fund invests in assets which have the potential to produce superior longer term returns. SEDOL codes © London Stock Exchange, reproduced under license Over some periods of time there can be significant falls, as well as rises, in the value of your Fund management Ninety One Fund Managers investment. company UK Limited Fund manager's Square Mile Rating Crown rating Asset split 1 (as at 31/08/2021)** UK Equities 99.2% Top holdings Money Market 0.8% (as at 31/08/2021)** TI FLUID SYSTEMS PLC 4.60% Asset split 2 (as at 31/08/2021)** BRITISH AMERICAN TOBACCO 4.30% Consumer Discretionary 28.0% NATWEST GROUP PLC 4.20% Industrials 25.9% ROLLS-ROYCE HLDGS PLC 4.10% PLC 3.90% Financials 20.4% PLC 3.80% Consumer Staples 9.9% EASYJET 3.50% Energy 7.2% JET2 PLC 3.40% Health Care 3.7% LLOYDS BANKING GROUP PLC 3.00% Technology 2.4% NEXT 3.00% Utilities 1.2% Money Market 0.8% Basic Materials 0.5%

* This figure includes the charges and expenses ** Zurich sources its funds data from Financial Express. The date shown reflects the that are deducted from the fund and are last available regional, sector and asset breakdown data provided by the fund's reflected in the unit price. Other charges which administrator to Financial Express. The timeliness of this data is affected by the speed reduce the number of units you hold may apply. and regularity of their publication by the fund administrator. For further information please refer to your product Terms and Conditions. Zurich Ninety One UK Special Situations ZP September 2021

Things you need to know Cumulative fund performance (as at 31/08/2021)

We've based this information on our current 6 mths 1 year 3 years 5 years 10 years understanding of law and practice. We make every % growth 10.96% 46.42% 12.70% 31.28% 113.82% effort to ensure that this information is helpful, accurate and correct but it may change or may not apply to your personal circumstances. Before Discrete fund performance (as at 30/06/2021) taking any action you should always check with an 30/06/2016 - 30/06/2017 - 30/06/2018 - 30/06/2019 - 30/06/2020 - appropriate adviser, as we cannot accept 30/06/2017 30/06/2018 30/06/2019 30/06/2020 30/06/2021 responsibility for any action taken on the basis of % growth 22.26% 6.96% -3.21% -19.31% 34.48% this information alone.

All funds carry some risk and you should consider Annualised fund performance 3 year statistical fund data these risks before making an investment decision. (as at 31/08/2021) (as at 31/08/2021) The value of investments and any income from 3 year 4.06% Monthly volatility 8.60% them is not guaranteed and can fall as well as rise and will be reduced in real terms by the effects of 5 year 5.59% Best 3 month return 36.28% inflation. The main factors which may increase the 10 year 7.90% Worst 3 month return -39.19% risk of this fund include: - the amount held in overseas assets, - any concentration in specific areas or sectors, Discrete performance of ABI primary fund* (as at 31/08/2021) - the amount invested in property or property 31/08/2016 - 31/08/2017 - 31/08/2018 - 31/08/2019 - 31/08/2020 - shares, 31/08/2017 31/08/2018 31/08/2019 31/08/2020 31/08/2021 - the use of derivatives and other instruments with % growth 11.16% 2.20% -3.63% -22.09% 44.60% the aim of generating outperformance. Sector Average 11.75% 5.81% -4.05% -10.31% 29.14% Other charges which reduce the number of units you hold may apply. For further information please Quartile 3 4 3 4 1 refer to your product Terms and Conditions. Rank 428/705 656/714 420/717 701/734 62/739

* This data shows the performance of the primary unit series for the fund. The primary unit series is the series of the fund that applies to most customers.

Performance of ABI primary fund (over 5 years to 31/08/2021)

35 30 Primary fund for Zurich Ninety One UK Special Situations UK All Companies 25 20 15 10 5 0 -5 -10 -15 -20 -25 -30 -35 Oct 16 Apr 17 Oct Apr 18 Oct Apr 19 Oct Apr 20 Oct Apr 21 31/08/2016 - 31/08/2021 Powered by data from FE Source: Financial Express as at 31/08/2021. You shouldn't use past performance as a suggestion of future performance. It shouldn't be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise and will be reduced in real terms by the effects of inflation. You may not get back the amount you invested. HM Revenue and Customs (HMRC) practice and law are complex. Tax concessions 0800 030 4428 are not guaranteed, their value will depend on individual circumstances and may change in the future. www. Fund performance data is based on a single price basis and doesn't take into account fees and zurichcorporatepensions.co. expenses which are specific to individual plans. Details are available on request. uk/asp/ZWHome.asp

Zurich Assurance Ltd. Registered in England and Wales under company number 02456671. Registered office: The Grange, Bishops Cleeve, Cheltenham, GL52 8XX. We may record or monitor calls to improve our service.