Key Investor Information

NON-UCITS RETAIL SCHEME KEY INVESTOR INFORMATION

This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest.

AI Developed World ex UK Equity Index Fund, Insured Pension Hedged Accumulation Units, a sub-fund of the Aviva Investors Passive Funds ACS (AIPF ACS) (ISIN: GB00BYSL7K13). This fund is managed by Aviva Investors UK Fund Services Limited.

OBJECTIVES AND INVESTMENT POLICY

The aim of the Fund is to seek to provide capital growth and income for The Fund has a yearly tracking error target range of 0 - 0.30% (excluding investors by tracking closely the performance of the FTSE® Developed ex UK charges). In normal market conditions the anticipated level of tracking error Index. In pursuing this objective the Fund will directly invest into constituents will be within 0.30% (excluding charges) of the Benchmark Index. of the Benchmark Index. The Fund may also invest in permitted transferable securities, permitted money-market instruments, permitted deposits, units in Note: FTSE® is a trade mark of the London Stock Exchange Group companies collective investment schemes (including schemes operated by other Aviva and is used by FTSE under licence. All rights in any FTSE index (the “Index”) vest Group entities and group entities of the Investment Manager) and exchange in FTSE International Limited (“FTSE”). Aviva Investors Developed World ex UK traded funds (including funds operated by group entities of the Investment Equity Index Fund has been developed solely by Aviva Investors UK Fund Manager). Derivatives and forward transactions may be used for the purposes Services Limited. Any FTSE Index is calculated by FTSE or its agent. FTSE and its of efficient portfolio management. licensors are not connected to and do not sponsor, advise, recommend, endorse or promote the Funds which refer to a FTSE Index and do not accept We may use derivatives for investment purposes, and in order to reduce risk or any liability whatsoever to any person arising out of (a) the use of, reliance on to manage the fund efficiently. Derivatives are linked to the rise and fall of or any error in the Index or (b) investment in or operation of the relevant other assets. In other words, they "derive" their price from another asset. They Funds. FTSE makes no claim, prediction, warranty or representation either as to can generate returns when share prices and/or indices fall. the results to be obtained from the relevant Funds or the suitability of the Index for the purpose to which it is being put by Aviva Investors UK Fund In addition, the Sub-Fund has limited exclusions based on Aviva Investors' UK Services Limited. Responsible Investment policy. Further information on the Aviva Investors UK Responsible Investment policy and how we engage with companies is available The aim of the Fund is to seek to provide capital growth and income for on our website and in the Prospectus. investors by tracking closely the performance of the FTSE® Developed ex UK Index. In pursuing this objective the Fund will directly invest into constituents Performance and Risk Measurement: The Fund's performance is compared of the Benchmark Index. The Fund may also invest in permitted transferable against the Benchmark Index because the Fund intends to replicate the securities, permitted money-market instruments, permitted deposits, units in performance of the Benchmark Index. collective investment schemes (including schemes operated by other Aviva Group entities and group entities of the Investment Manager) and exchange The Fund uses a “tracking error” to measure the consistency between the traded funds (including funds operated by group entities of the Investment Fund's returns and the returns of the Benchmark Index. In general, the lower Manager). Derivatives and forward transactions may be used for the purposes the tracking error, the more consistent the Fund's returns are relative to the of efficient portfolio management in order to reduce risk or to manage the Index, and vice-versa. fund efficiently. Derivatives are linked to the rise and fall of other assets. In other words, they "derive" their price from another asset. This unit class operates currency hedging arrangements designed to reduce exchange rate fluctuations between the base currency of the unit class (GBP) and certain currency exposures within the Fund's portfolio. This is an accumulation unit class and any income from the Fund will remain in the Fund and is reflected in the unit price. You can buy or sell units in this fund on any working day. We need to receive your instruction before 12:00pm UK time. If you contact us after that time, we will buy or sell units for you at the next working day's price. Recommendation: this fund may not be appropriate for investors who plan to withdraw their money within 5 years. For full investment objectives and policy details please refer to the Prospectus. RISK AND REWARD PROFILE

gains or increase investment losses. Exchange rates can change rapidly, 1 2 3 4 5 6 7 significantly and unpredictably. Derivatives risk: Derivatives are instruments that can be complex and highly Lower risk Higher risk volatile, have some degree of unpredictability (especially in unusual market conditions), and can create losses significantly greater than the cost of the Typically lower rewards Typically higher rewards derivative itself. This indicator is based on historical data, calculated using European Union Equities Risk: Equities can lose value rapidly, can remain at low prices rules, and may not be a reliable indication of the future risk profile of the Fund. indefinitely, and generally involve higher risks — especially market risk — than bonds or money market instruments. Bankruptcy or other financial The risk and reward category shown is not guaranteed to remain unchanged restructuring can cause the issuer's equities to lose most or all of their value. and may change over time. The lowest category does not mean 'risk free'. Hedging risk: Any measures taken to offset specific risks will generate costs The value of investments and the income from them will change over time. (which reduce performance), could work imperfectly or not at all, and if they do work will reduce opportunities for gain. The Fund price may fall as well as rise and as a result you may not get back the original amount you invested. Full information on the risks applicable to the Fund is detailed in the Prospectus.

The Fund has been allocated a risk number based on the historic volatility of its share price or where insufficient information is available appropriate asset classes. Counterparty risk: The Fund could lose money if an entity with which it does business becomes unwilling or is unable to meet its obligations to the Fund. Currency risk: Changes in currency exchange rates could reduce investment

Insured Pension Hedged Accumulation Units CHARGES

One-off charges taken before or after you invest Certain charges are deducted from the capital of the Fund.

Entry charge 0.00% The ongoing charges figure is based on last year's expenses for the year ending September 2020. The figure for ongoing charges excludes performance fees Exit charge 0.00% and portfolio transaction costs, except in the case of an entry/exit charge paid by the Fund when buying or selling units in another collective investment undertaking. Charges taken from the fund over a year For more information about charges, please refer to the charges section in the Ongoing charges 0.00% Prospectus.

Charges taken from the fund under certain specific conditions Performance fee none This is the maximum that might be taken out of your money before it is invested / before the proceeds of your investment are paid out. The charges you pay contribute to the costs of running the fund, including the cost of distributing it, reducing the potential growth of your investment. You can find out the actual entry and exit charge from your financial adviser or distributor.

PAST PERFORMANCE

Unit Class Benchmark Past performance is not indicative of future performance. It cannot provide a guarantee of returns that you will receive in the future. The fund was launched in April 2017 and issued Insured Pension Hedged Accumulation Units in March 2018. Past performance is calculated in GB Pounds. Units will be priced in GB Pounds, the fund's base currency. Source: Aviva Investors/Lipper, a Thomson Reuters company as at 31 December 2020.

Return % Return The value of your investment and income from it may go down as well as up and you may not get back the amount you invested. All fees and charges are included in the performance calculation.

PRACTICAL INFORMATION

This document is specific to the fund and unit class stated at the beginning of this document. The fund is a sub-fund of the Aviva Investors Passive Funds ACS (AIPF ACS), an umbrella structure comprising different sub-funds and taking the form of a co-ownership scheme. As a consequence of this, the fund may be treated as tax transparent for the purpose of income and /or gains by relevant taxing jurisdictions. The Prospectus and annual reports are prepared for the umbrella. The fund is a non-UCITs retail scheme. This NURS- KII document is specific to this unit class. NURS-KII documents will be available for other unit classes within this fund where they exist. The fund's current unit price is calculated on each working day and is published daily on our website. The Depositary of the fund is HSBC Bank plc. It has delegated the function of Custodian of the fund to HSBC Bank plc. Investors should note that the tax legislation that applies to the fund may have an impact on the personal tax position of your investment in the fund. The fund is a sub-fund of AIPF ACS, an umbrella structure comprising different sub-funds. The assets of the fund are beneficially owned by the unitholders in the fund as tenants in common and must not be used to discharge any liabilities, or meet any claims against, any person other than the unitholders in the fund. Further information about the fund including other unit classes and dealing can be found in the Prospectus, available in English, and also in the latest annual Report and Accounts (English only) which are available free of charge from our website, www.avivainvestors.com The details of the up-to-date remuneration policy of the Management Company, including the composition of its remuneration committee, a description of the key remuneration elements and an overview of how remuneration is determined, are available on the website www.avivainvestors.com. A paper copy of the remuneration policy can be made available upon request and free of charge at the Management Company's registered office. This fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority. Aviva Investors UK Fund Services Limited is authorised in the United Kingdom and regulated by the Financial Conduct Authority. AI Developed World ex UK Equity Index Fund

This key investor information is accurate as at 29/01/2021.