Report as of 02 Oct 2021

Unicorn UK Income B Acc

Morningstar® Category Morningstar® Benchmark Fund Benchmark Morningstar Rating™ UK Equity Income FTSE All Share TR GBP FTSE AllSh TR GBP QQQQ Used throughout report

Investment Objective Performance

The Unicorn UK Income Fund aims to provide an income by 154 investing in UK companies. UK companies are defined as 136 those which are incorporated or domiciled in the UK, or 118 have a significant part of their operations in the UK. The 100 Fund may also invest, at its discretion, in other transferable 82 securities and deposits and cash. The Fund may also enter 64 into certain derivative and forward transactions for hedging purposes. The Fund invests at least 80% in UK 2016 2017 2018 2019 2020 2021-09 companies which are quoted companies with a bias 0.50 21.39 -15.32 31.35 -11.77 13.75 Fund towards small and medium-sized companies (those with a 16.75 13.10 -9.47 19.17 -9.82 13.56 Benchmark market value of less than £4 billion).... 8.76 10.73 -10.56 18.95 -12.56 13.83 Category

Risk Measures Trailing Returns % Fund Bmark Cat Quarterly Returns % Q1 Q2 Q3 Q4 3Y Alpha 3.00 3Y Sharpe Ratio 0.37 3 Months 1.85 0.26 0.44 2021 3.57 5.59 4.01 - 3Y Beta 1.19 3Y Std Dev 20.90 6 Months 7.76 6.62 5.98 2020 -34.27 11.87 2.93 16.57 3Y R-Squared 84.25 3Y Risk abv avg 1 Year 29.54 26.52 28.37 2019 12.38 1.69 -0.01 14.95 3Y Info Ratio 0.32 5Y Risk High 3 Years Annualised 5.31 2.86 2.20 2018 -9.15 6.62 -3.06 -9.82 3Y Tracking Error 8.85 10Y Risk - 5 Years Annualised 6.45 5.20 4.24 2017 6.42 6.55 3.67 3.27 Calculations use FTSE All Share TR GBP (where applicable) 10 Years Annualised - - - Data as of 01/10/2021

Portfolio 30 Sep 2021

Asset Allocation % Net Equity Style Box™ Mkt Cap % Fund Bmark America Europe Asia Large Size Stocks 90.59 Giant 0.00 38.67

Bonds 0.00 Mid Large 0.00 30.34 Cash 4.44 Medium 24.02 24.51 Other 4.98 Small Small 50.28 5.76

Value Blend Growth Micro 25.70 0.72 Style

Average Mkt Cap (Mil) Fund Bmark Ave Mkt Cap GBP 878.69 23,031.47 <25 25-50 50-75 >75 Top Holdings Stock Sector Weightings % Fund Bmark World Regions % Fund Bmark Holding Name Sector % hCyclical 58.70 40.17 Americas 3.13 5.45 Phoenix Group Holdings PLC y 5.39 rBasic Materials 8.18 11.11 United States 3.13 5.28 PLC f 5.26 tConsumer Cyclical 5.60 10.02 Canada 0.00 0.05 Holdings PLC y 4.89 yFinancial Services 31.74 16.41 Latin America 0.00 0.12 LondonMetric Property PLC 4.77 Real Estate 13.18 2.62 u u Greater Europe 96.87 93.38 Polar Capital Holdings PLC y 3.98 jSensitive 26.50 29.47 95.57 88.94 Sabre Insurance Group PLC y 3.96 iCommunication Services 2.94 6.25 Eurozone 0.00 1.48 Primary Health Properties PLC u 3.42 oEnergy - 9.09 Europe - ex Euro 1.30 2.49 Vesuvius PLC r 3.36 pIndustrials 20.19 11.49 Europe - Emerging 0.00 0.23 FDM Group (Holdings) PLC a 3.05 aTechnology 3.37 2.64 Africa 0.00 0.07 Numis Corp PLC y 2.99 Middle East 0.00 0.17 kDefensive 14.80 30.36 Assets in Top 10 Holdings % 41.07 sConsumer Defensive 6.78 16.39 Greater Asia 0.00 1.17 Total Number of Equity Holdings 38 dHealthcare 2.21 10.92 Japan 0.00 0.22 Total Number of Bond Holdings 0 fUtilities 5.80 3.06 Australasia 0.00 0.04 Asia - Developed 0.00 0.30 Asia - Emerging 0.00 0.60

© 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 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. Page 1 of 2 Report as of 02 Oct 2021

Unicorn UK Income B Acc

Operations

Fund Company Unicorn Asset Share Class Size (mil) 258.53 GBP Minimum Initial Purchase 100,000 GBP Management Ltd (01/10/2021) Minimum Additional Purchase 1,000 GBP Phone +44 20 71530889 Domicile United Kingdom Total Expense Ratio - Website www.unicornam.com Currency GBP Ongoing Charge 0.81% Inception Date 28 May 2013 UCITS Yes Performance Fee - Manager Name - Inc/Acc Acc Manager Start Date 01 Dec 2013 ISIN GB00B9XQFY62 NAV (01/10/2021) GBX 381.73 Total Net Assets (mil) (30 508.99 GBP Sep 2021)

© 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 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. Page 2 of 2