UK SELECT FUND - RETAIL INC GBP THREADNEEDLE INVESTMENT FUNDS ICVC PROFESSIONAL INVESTORS (FOR MARKETING PURPOSES) - ALL DATA AS AT 31 AUGUST 2021 OEIC Luxembourg Investment Objective & Policy The Fund aims to increase the value of your investment over the long term. It looks to outperform the FTSE All-Share Index over rolling 3-year periods, after the deduction Contact Details of charges. The Fund is actively managed, and invests at least 90% of its assets in a concentrated portfolio of shares of companies listed on the Stock Exchange; Tel: 00352 46 40 10 7020* predominantly UK companies. [email protected] The Fund selects companies in which the fund manager has a high conviction that the current share price does not reflect the growth prospects for that business. These *Please note that calls and electronic communications companies may be of any size, from any industry or economic sector, with significant sector and share weightings taken at the fund manager’s discretion. The FTSE All-Share Index is regarded as an appropriate performance measure of the UK stock market, with over 600 companies currently included. It provides a suitable may be recorded. target benchmark against which Fund performance will be measured and evaluated over time. IFDS, 47, avenue J.F. Kennedy, L-1855, Luxembourg The Fund typically invests in fewer than 50 companies, which may include shares of some companies not within the Index. The Fund may also invest in other assets such as cash and deposits, and hold other funds (including funds managed by Columbia Threadneedle companies) when deemed appropriate. Fund Manager: Chris Kinder Since: Sep-20 Management Co: Threadneedle Inv. Services Ltd. Fund Inception Date: 22/03/34 Target Benchmark: FTSE All-Share Comparator: IA UK All Companies Investment Approach Fund Currency: GBP The fund invests in UK equities and typically holds between 30 and 50 positions. The fund focuses on our highest-conviction ideas, and the portfolio manager can take significant stock and sector positions. Fund Domicile: XD Date: 08-Mar, 08-Sep Research is carried out by our UK team across a wide range of stocks including mid-sized and smaller companies, although Pay Date: 07-May, 07-Nov the prime focus for this fund is on larger companies. Access to company management is an important part of our research process and the team have approximately 800 meetings with management per annum. Portfolio Size: £250,1m No. of Securities: 33 We search for companies with a sound underlying business and financial model which are able to add value for their All information expressed in GBP customers, and where management has the expertise to achieve long-term growth. The fund combines a bottom-up, stock-picking process with a top-down, macroeconomic understanding. UK SELECT FUND - RETAIL INC GBP In order to manage risk we monitor stock weightings in absolute terms and relative to the index. ISIN: GB0001530236 Share Class Price: 1,2831 Historic Yield: 1,7% Ongoing Charges (OCF): 1,63% (as at 07/03/21) Performance Fee: No The ongoing charges figure (OCF) is usually based on the last year’s expenses and may vary from year to year. It includes charges such as 5 Years (GBP) Calendar Years (GBP) the fund’s annual management charge, registration fee, custody fees 140 30% and distribution cost but excludes the costs of buying or selling assets 25% for the fund (unless these assets are shares of another fund). For a 130 more detailed breakdown please visit 20% 15% www.columbiathreadneedle.com/fees. In some cases, the ongoing 120 charges figure may be based on an estimate of future charges, either 10% because the share/unit class is relatively new and has an insufficient 110 5% track record to be calculated exactly, or if historic figures are unlikely to accurately reflect future ongoing costs. 0% 100 Please see table of Share Classes available on page 4. -5% 90 -10% Fund Changes -15% 08/16 08/17 08/18 08/19 08/20 08/21 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 For detailed information on Fund Changes please see "Details of significant events - Key Investor Information Document - UK Regulated Share Class Peer Median Share Class Peer Median Funds" PDF available on https://www.columbiathreadneedle.com/en/ changes Annualised Performance (GBP) 1M 3M 6M YTD 1 YR 2 YR 3 YR 5 YR 10 YR SI Ratings/Awards Share Class (Net) 0,9 0,5 9,1 10,8 22,6 3,8 0,8 3,0 7,6 -- Peer Median (Net) 3,0 3,9 13,8 15,7 29,9 7,6 4,8 6,5 8,8 -- Peer Percentile 98% 96% 96% 95% 88% 81% 92% 96% 76% -- Peer Quartile 4 4 4 4 4 4 4 4 4 -- For more information on the methodology of the Morningstar rating Fund (Gross) 1,3 1,6 11,5 12,8 25,7 5,7 2,6 4,6 9,2 -- please visit www.morningstar.com Index (Gross) 2,7 3,4 13,3 14,7 26,9 5,3 3,7 5,9 7,7 -- Since Inception Returns from: 02/01/80 Calendar Year Performance (GBP) 12M Rolling Period (GBP) 2020 2019 2018 2017 2016 09/20 - 09/19 - 09/18 - 09/17 - 09/16 - 08/21 08/20 08/19 08/18 08/17 Share Class (Net) -8,7 17,6 -14,3 12,0 4,0 22,6 -12,2 -4,8 2,1 10,6 Peer Median (Net) -7,6 21,9 -10,2 13,0 11,8 29,9 -9,8 -1,7 6,1 13,4 Peer Percentile 56% 80% 79% 63% 89% 88% 59% 66% 96% 81% Peer Quartile 3 4 4 3 4 4 3 3 4 4 Fund (Gross) -7,7 19,0 -13,4 13,6 6,4 25,7 -11,1 -3,3 2,6 12,9 Index (Gross) -9,8 19,2 -9,5 13,1 16,8 26,9 -12,6 0,4 4,7 14,3 Net returns – Net (of fee) returns assume income is reinvested for a local taxpayer, bid to bid performance (which means performance does not include the effect of any initial charges). Source Copyright © 2021 Morningstar UK Limited. Gross Fund returns - Gross Fund returns (where shown) are in-house calculated daily time weighted based on global close valuations with cash flows at start of day and are gross of fees. Past performance is not a guide to future performance. The performance data does not take account of the commissions and costs incurred on the issue and redemption of units. The value of investments and any income is not guaranteed and can go down as well as up and may be affected by exchange rate fluctuations. This means that an investor may not get back the amount invested. Index returns assume reinvestment of dividends and capital gains and unlike fund returns do not reflect fees or expenses. The index is unmanaged and cannot be invested directly. The Investment Association (IA) is the trade body representing the UK investment management industry.

Source: FactSet For CTI's use only: T2UKSG Top 10 Holdings (%) Fund Currency Exposure including Hedging Security Name Fund Index PLC 6,2 4,3 Consumer Staples plc 4,8 3,3 Consumer Staples PLC 4,8 0,2 Financials St. James's Place Plc 4,7 0,3 Financials GBP 100,0% Intermediate Capital Group plc 4,7 0,2 Financials USD 0,0% EUR 0,0% GlaxoSmithKline plc 4,6 2,9 Health Care BHP Group Ltd 4,1 1,9 Basic Materials Breedon Group PLC 3,7 -- Industrials RELX PLC 3,7 1,7 Consumer Discretionary Derwent London plc 3,7 0,2 Real Estate

Total 45,0 15,0 All % are as at calendar month end based at global close gross valuation point and on a look- through exposure basis to underlying assets including forward currency positions. Weightings (%) Sector Fund Index Diff Financials 23,5 22,5 1,0 Consumer Discretionary 19,4 12,4 7,1 Consumer Staples 19,1 15,0 4,2 Industrials 11,8 13,3 -1,5 Basic Materials 9,3 9,3 -0,1 Health Care 6,9 9,7 -2,8 Real Estate 3,7 3,3 0,4 Technology 2,5 2,0 0,4 Telecommunications 2,4 2,2 0,2 Energy -- 7,2 -7,2 Utilities -- 3,0 -3,0 Cash Equivalents 0,0 -- 0,0 Cash 1,4 -- 1,4

Top 10 Overweight/Underweight (%) 3 Month Largest Position Changes Overweight Fund Index Diff Underweight Fund Index Diff Security Name 3 Mth Change Schroders PLC 4,8 0,2 4,6 AstraZeneca PLC -- 5,4 -5,4 AstraZeneca PLC -5,5 Intermediate Capital Group plc 4,7 0,2 4,4 -- 4,6 -4,6 plc 1,0 St. James's Place Plc 4,7 0,3 4,4 HSBC Holdings Plc -- 3,2 -3,2 PLC 1,0 Breedon Group PLC 3,7 -- 3,7 p.l.c. -- 2,5 -2,5 St. James's Place Plc 0,7 Derwent London plc 3,7 0,2 3,5 BP p.l.c. -- 2,4 -2,4 WPP Plc -0,7 PLC 3,3 0,2 3,2 plc -- 1,6 -1,6 Legal & General Group Plc 0,6 PLC 2,9 0,3 2,6 -- 1,5 -1,5 Plc 0,5 Informa Plc 2,6 0,3 2,3 Group Plc -- 1,4 -1,4 GlaxoSmithKline plc 0,5 BHP Group Ltd 4,1 1,9 2,2 -- 1,4 -1,4 Derwent London plc 0,4 plc 2,5 0,3 2,2 PLC -- 1,3 -1,3 Benckiser Group plc -0,4

Top Positive/Negative Security Attribution (3 Months) Fund Index Attri. Fund Index Attri. Contr. Geo. Contr. Geo. Avg. Total Avg. Total Avg. Total Avg. Total To Total To Total Security Name - 10 Highest Weight Return Weight Return Security Name - 10 Lowest Weight Return Weight Return Return Effect Return Effect HSBC Holdings Plc ------3,5 -14,1 0,7 Weir Group PLC 3,4 -8,9 -0,3 0,2 -8,8 -0,4 St. James's Place Plc 4,4 16,1 0,6 0,3 16,0 0,5 Group plc 2,4 -10,9 -0,3 0,3 -11,1 -0,3 RELX PLC 3,4 19,4 0,6 1,6 19,4 0,3 Royal Dutch Shell ------4,6 9,9 -0,3 plc ------1,4 -11,0 0,2 easyJet plc 1,1 -21,5 -0,3 0,1 -20,9 -0,3 Derwent London plc 3,4 9,8 0,3 0,1 9,8 0,2 Smith & Nephew PLC 2,3 -9,5 -0,2 0,5 -9,4 -0,3 Sage Group plc 2,3 13,1 0,3 0,3 13,0 0,2 Breedon Group PLC 3,8 -3,2 -0,1 -- -- -0,2 BP p.l.c. ------2,5 -1,8 0,1 Reckitt Benckiser Group plc 3,2 -11,9 -0,4 1,6 -11,9 -0,2 Intermediate Capital Group plc 4,5 6,4 0,3 0,3 6,4 0,1 PLC ------1,1 19,5 -0,2 PLC 1,7 14,2 0,2 0,7 14,3 0,1 PLC 2,4 -6,8 -0,2 1,1 -6,7 -0,1 GlaxoSmithKline plc 4,4 10,1 0,4 2,9 10,1 0,1 Schroders PLC 4,7 0,6 0,0 0,2 7,3 -0,1

Page 2 - UK Select Fund - Retail Inc GBP Relative Monthly Net Returns vs Peer Median

6% 4,8%

4% 2,7% 2% 1,4% 1,1% 0,8% 0,7% 0,6% 0,5% Return 0,3% 0,3% 0,3% 0,2% 0,2% 0,2% 0% 0,2% 0,1% 0,0% 0,0% 0,0% -0,1% -0,1% -0,1% -0,1% -0,1% -0,2% -0,2% -0,2% -0,1% -0,2% -0,2% -0,3% -0,3% -0,3% -0,3% -0,4% -0,4% -0,5% -0,5% -0,5% -0,6% -0,7% -0,8% -0,8% -0,8% -0,8% -0,8% -0,9% -0,9% -1,1%

-2% -1,1% -1,2% -1,3% -1,3% -1,5% -1,5% -1,6% -2,0% -2,0% -2,1% -2,2% -4% 09/16 03/17 09/17 03/18 09/18 03/19 09/19 03/20 09/20 03/21

Net Returns - All performance is sourced from Morningstar. Returns are calculated on a bid-bid basis and are net of all other expenses. Returns assume income is invested for local taxpayer. Gross Returns - Gross Fund returns (where shown) are inhouse calculated daily time weighted based on global close valuations with cash flows at start of day and are gross of fees. Relative returns are calculated on a geometric basis. Past performance is not a guide to future performance. The value of investments and any income from them can fall as well as rise. All positions are based on gross portfolio asset valuations at global close. Groupings of securities, e.g. sectors are in-house defined and are for comparative purposes only. Risk Analysis Portfolio Statistics Market Cap Breakdown Chart 3 YR 5 YR Fund Index Fund Index Fund Index Price to Earnings 19,4 16,0 Absolute Volatility 16,5 15,9 13,8 13,6 Price to Book 2,5 1,8 100bn - 150bn 10,5% Relative Volatility 1,0 -- 1,0 -- 50bn - 100bn 13,1% Dividend Yield 2,8 3,0 20bn - 50bn 15,9% Tracking Error 3,9 -- 3,5 -- 10bn - 20bn 17,2% Sharpe Ratio 0,1 -- 0,3 -- Return On Assets 0,9 0,3 5bn - 10bn 30,2% 2bn - 5bn 8,2% Information Ratio -0,3 -- -0,4 -- Return on Equity 12,9 11,1 1bn - 2bn 3,8% 500m - 1bn 1,0% Beta 1,0 -- 1,0 -- Active Share 70,4 -- Sortino Ratio 0,2 -- 0,4 -- Jensen Alpha -1,1 -- -1,2 --

Annualised Alpha -1,0 -- -1,1 -- Currency: GBP Analytics are based on global close valuations using Columbia Alpha -0,1 -- -0,1 -- Drawdown Max Drawdown -23,6 -25,1 -23,6 -25,1 Threadneedle Investments sourced market attributes. Underlying securities data may be provisional or based on 0% R² 94,4 -- 93,7 -- estimates. Market cap weightings include cash in the % Ex post risk calculations are based on monthly gross global close returns. calculations. -5% -10%

-15%

-20%

-25% 09/16 05/17 01/18 09/18 05/19 01/20 09/20 05/21 Fund Index

Performance Attribution (Year to Date) Total Effect Analysis (Year to Date)

Geometric Attrib. Consumer Discretionary 8 Var. In Fund Index Rel. Index Avg. Total Total Total Rel. to Alloc. Selec. Total Basic Materials 6 Weight Return Return Return Total Effect Effect Effect Consumer Staples Basic Materials 0,1 16,0 22,4 -5,3 6,8 0,1 -0,5 -0,4 Total 4 Consumer Discretionary 7,3 12,8 15,0 -1,9 0,3 0,2 -0,4 -0,2 Technology 2 Consumer Staples 2,8 3,6 4,7 -1,0 -8,7 -0,2 -0,2 -0,4 Utilities Financials Telecommunications Energy -7,5 -- 15,9 -13,7 1,1 -0,1 -- -0,1 Industrials 0 Financials -1,4 18,4 12,1 5,6 -2,2 0,0 1,2 1,2 Health Care -2 2,3 10,8 16,8 -5,1 1,9 0,2 -0,5 -0,4 Health Care Industrials -2,2 4,7 23,0 -14,9 7,3 -0,1 -1,7 -1,8 Real Estate Real Estate 0,2 24,9 23,7 1,0 7,9 0,0 0,0 0,0 -4 Variation in Average Weight Technology 0,1 21,1 12,7 7,5 -1,7 0,0 0,2 0,2 -6 Telecommunications -0,1 28,5 10,0 16,8 -4,0 0,0 0,4 0,3 Energy Utilities -2,7 4,1 16,3 -10,5 1,4 -0,1 0,1 0,0 -8 Total -- 12,8 14,7 -1,6 -- -0,2 -1,4 -1,6 -15 -10 -5 0 5 10 15 Relative Total Return Performance Attribution - Rolling 3 Month Total Effects 3 Month Effect Totals

Geometric Attrib. 3,0 Alloc. Selec. Total Fund Index Total Total Alloc. Selec. Total 2,0 Return Return Effect Effect Effect 1,0 Aug-20 - Nov-20 6,1 6,6 -0,6 0,1 -0,4 0,0 Nov-20 - Feb-21 6,2 5,1 -1,1 2,2 1,1 Feb-21 - May-21 9,8 9,6 0,9 -0,7 0,2 -1,0 May-21 - Aug-21 1,6 3,4 -0,3 -1,4 -1,8 -2,0 11/20 02/21 05/21 08/21

Attribution analysis is calculated on a daily geometric basis unless otherwise stated. Fund returns may result in residual factors when compared to geometric attribution total returns due to data and calculation methodologies. Variation in weights is the average daily under/overweight position of the fund verses the index over the period. The Attribution table and graph only display a maximum of 12 groupings based on the highest portfolio end weight. The Rolling 3 Month Total Effect Attribution summary is based on the same groupings as the Year to Date Attribution.

Page 3 - UK Select Fund - Retail Inc GBP Share Classes Available Entry WKN/ Share Class Curr Tax OCF OCF Date Min Inv. Launch ISIN SEDOL BBID Valor/ Hedged Charge CUSIP Inst. Inc GBP -- 1,06% 07/03/21 0,00% 500.000 31/08/72 GB0001447936 0144793 TDNUSG2 LN 987648 No Retail Inc GBP -- 1,63% 07/03/21 5,00% 2.000 31/01/95 GB0001530236 0153023 TDNUSGI LN 730676 No Retail Inc EUR -- 1,63% 07/03/21 5,00% 2.500 19/06/03 GB00B0WMQ727 B0WMQ72 TDNUSRE LN A0JD5V No Z Inc GBP -- 0,88% 07/03/21 3,00% 1.000.000 01/10/12 GB00B8374670 B837467 TDUSZNI LN A1J0DB No Z Acc GBP -- 0,88% 07/03/21 3,00% 1.000.000 07/01/20 GB00BKPHVC45 BKPHVC4 THTUSZG LN A2PV0A No The Share Class currency, unless indicated as a Hedged Share Class, is a translated price using exchange rates at the official valuation point of the fund. This is intended as a way to access a Share Class in your chosen currency and does not reduce your overall exposure to foreign currency. The fund currency indicates the highest currency exposure of the fund unless the currency breakdown is detailed in the Weightings % table on page 2.

Risks Opportunities nThe value of investments can fall as well as rise and investors might not get back the sum originally invested. nHas the flexibility to pursue investment opportunities wherever we believe nWhere investments are in assets that are denominated in multiple currencies, or currencies other than your they exist in the UK market. own, changes in exchange rates may affect the value of the investments. nAccess to a focused portfolio of typically investing in between 30 to 50 nThe Fund has a concentrated portfolio (holds a limited number of investments and/or has a restricted UK companies. investment universe) and if one or more of these investments declines or is otherwise affected, it may have a nInvestments in the fund are not restricted by index, company size, stock, pronounced effect on the Fund’s value. sector or investment style. nThe Fund may invest in derivatives with the aim of reducing risk or minimising the cost of transactions. Such nLeverages the strength of one of the most experienced and largest UK derivative transactions may benefit or negatively affect the performance of the Fund. The Manager does not equity teams in the industry. intend that such use of derivatives will affect the overall risk profile of the Fund.

Important Information For use by Professional and/or Qualified Investors only (not to be used with or passed on to retail clients). Past performance is not a guide to future performance. The value of investments and any income is not guaranteed and can go down as well as up and may be affected by exchange rate fluctuations. This means that an investor may not get back the amount invested. Your capital is at Risk. Threadneedle Investment Funds ICVC (“TIF”) is an open-ended investment company structured as an umbrella company, incorporated in and Wales, authorised and regulated in the UK by the Financial Conduct Authority (FCA) as a UK UCITS scheme. This material is for information only and does not constitute an offer or solicitation of an order to buy or sell any securities or other financial instruments, or to provide investment advice or services. The dealing price may include a dilution adjustment where the fund experiences large inflows and outflows of investment. Further details are available in the Prospectus. Subscriptions to a Fund may only be made on the basis of the current Prospectus and the Key Investor Information Document (KIID), as well as the latest annual or interim reports, which can be obtained free of charge on request, and the applicable terms & conditions. Please refer to the ‘Risk Factors’ section of the Prospectus for all risks applicable to investing in any fund and specifically this Fund. The above documents are available in English, French, German, Portuguese, Italian, Spanish and Dutch (no Dutch Prospectus) and free of charge on request from Threadneedle Investment Services Ltd, Client Services department P.O. Box 10033, Chelmsford, Essex CM99 2AL. Portfolio positions are based on gross asset valuations at global close (not official NAV time). Historic Yield reflects distributions declared over the past 12 months. Distribution Yield reflects the amount that may be expected to be distributed over the next 12 months. Underlying Yield reflects the annualised income net of expenses of the fund. Yields shown do not include any preliminary charge and investors may be subject to tax on their distributions. Columbia Threadneedle Investments is the global brand name of the Columbia and Threadneedle group of companies. Issued by Threadneedle Investment Services Limited. Registered in England and Wales, Registered No. 3701768, Cannon Place, 78 Cannon Street, London EC4N 6AG, United Kingdom. Authorised and regulated in the UK by the Financial Conduct Authority (FCA). Source: Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2021. FTSE Russell is a trading name of certain of the LSE Group companies. FTSE®, Russell®, FTSE Russell®, MTS®, FTSE4Good®, ICB®, Mergent®, The Yield Book® are trade marks of the relevant LSE Group companies and are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

Page 4 - UK Select Fund - Retail Inc GBP Modified Date - 09 September 2021