IFSL Sinfonia Risk Targeted Fund Range · After nearing USD 59/bbl during the month (a high since mid-2015) WTI Crude ended at USD 57.4/bbl., up 5.6% from end October. The top-performing

Fund FactsheetIFSL Sinfonia Risk Targeted Fund Range

Performance to 30th November 2017

INVESTMENT AREA: Multi-Asset Risk-Targeted

OEIC: Fund of Funds

IFSL Sinfonia OEIC Portfolios Performance to 30th November 2017

Investment Commentary

Despite global equity markets getting off to a bumpy start this month, they managed to finish November in positive territory (+1.8% by the MSCI AC World) for the 13th consecutive month. Emerging markets turned in more modest gains (+0.2% by the MSCI Emerging in US dollar terms), due to declines in Latin American markets (e.g. -3.2% in the Brazilian index, in local currency) and very modest gains in emerging Asia, which was shaken by the run-up in Chinese bond yields. At their 30 November summit, OPEC and its partners decided to extend their output reduction agreement by another nine months, until the end of 2018. This decision was no surprise, given the statements that had already been made by some of the big players. After nearing USD 59/bbl during the month (a high since mid-2015) WTI Crude ended at USD 57.4/bbl., up 5.6% from end October. The top-performing developed markets were Japan (+3.2% by the Nikkei 225) and the US (+2.8% by the S&P 500), while European markets finished lower (-2.2% for the FTSE100 and -2.8% for the EuroStoxx 50).

In the monetary policy arena, we saw the UK raise interest rates for the first time in a decade. The Bank of England were as good as their word confirming a well telegraphed rate hike. Despite the best intentions from the Bank we feel the risk of further rate hikes as unlikely in the near term, as inflation rolls over and the focus switches to concerns over Brexit negotiations. Especially notable was the dissention of two of Carney’s Deputy Governors, voting against his 25bps rate hike. This was a reflection of nervousness over any potential wage growth inflation and could be less responsive to falling unemployment than past experience would suggest. The market reaction was a little counter-intuitive. Financial conditions eased: the pound fell; gilts rallied. In other words,

the cumulative impact of the Bank’s decision to raise rates and the communication that followed had the net effect of loosening the effective stance relative to what it was the moment before the hike was announced. Again, this could be seen as a result of the groundwork already undertaken by the BoE and the fact the hike was almost fully priced at that point. Taken in the longer term context, the Committee has still managed to tighten financial conditions relative to say late in the summer, but this could also be framed as an unwinding of the ‘emergency reaction’ rate cut that followed the Brexit referendum vote last year.

Month on Month change in the 10-year Gilt Yield was largely unchanged despite the rate hike. Key yields in both the US and Germany followed a similar directionless pattern, but Eurozone peripheral yields did compress further shrugging off any prospect of the ECB reducing the pace of asset purchases in January.

Elsewhere President Trump announced his nomination of Janet Yellen’s successor as the Chair of the US Fed. The appointment confirmed recent strong rumours that Jerome Powell will take over as Fed chairman in February which the market took in its stride as the continuation candidate. “Jay” Powell has sat on the FOMC since May 2012, during which time he has expressed no opposition to the conduct of monetary policy. During his Senate confirmation hearing, he said he was firmly in favour of continuity, even suggesting that the Fed could do more to support the job market.

In FX markets, Sterling did appreciate versus the USD in November by around 1.8% but was largely flat against the EUR as Brexit negotiations continue in earnest.

Market Overview


OEIC: Fund of Funds

IFSL Sinfonia OEIC Portfolios Performance to 30th November 2017

Sinfonia Adventurous GrowthA quiet month for the portfolio regarding asset allocation changes. The recent addition of Long Emerging Equity vs US Equity detracted slightly as the S&P500 remained resilient and was buoyed by progress on the Trump tax reform agenda. We remain positive on Emerging equities in a supportive environment of improving global growth, weakening (or at least stabilising) USD and a patient Federal Reserve. US and Japan Equity exposures were positive contributors this month, while UK and Eurozone detracted.

Sinfonia Balanced ManagedA quiet month for the portfolio regarding asset allocation changes. The recent addition of Long Emerging Equity vs US Equity detracted slightly as the S&P500 remained resilient and was buoyed by progress on the Trump tax reform agenda. We remain positive on Emerging equities in a supportive environment of improving global growth, weakening (or at least stabilising) USD and a patient Federal Reserve. The reduced exposure to UK Investment Grade bonds added value to the portfolio in this period. US and Japan Equity exposures were the main positive contributors this month, while UK and Eurozone detracted.

Sinfonia Income & GrowthA quiet month for the portfolio regarding asset allocation changes. The recent addition of Long Emerging Equity vs US Equity detracted slightly as the S&P500 remained resilient and was buoyed by progress on the Trump tax reform agenda. We remain positive on Emerging equities in a supportive environment of improving global growth, weakening (or at least stabilising) USD and a patient Federal Reserve. The reduced exposure to UK Investment Grade bonds added value to the portfolio in this period. US, Japan Equity and UK Govies were positive contributors this month, while UK equities unfortunately detracted.

Sinfonia Cautious ManagedA quiet month for the portfolio regarding asset allocation changes. The recent addition of Long Emerging Equity vs US Equity detracted slightly as the S&P500 remained resilient and was buoyed by progress on the Trump tax reform agenda. We remain positive on Emerging equities in a supportive environment of improving global growth, weakening (or at least stabilising) USD & a patient Federal Reserve. The reduced exposure to UK Investment Grade bonds added value to the portfolio in this period. US Equity and UK Govies were positive contributors this month, while UK equities unfortunately detracted.

Sinfonia IncomeA quiet month for the portfolio regarding asset allocation changes. The recent addition of Long Emerging Equity vs US Equity detracted slightly as the S&P500 remained resilient and was buoyed by progress on the Trump tax reform agenda. We remain positive on Emerging equities in a supportive environment of improving global growth, weakening (or at least stabilising) USD and a patient Federal Reserve. The reduced exposure to UK Investment Grade bonds added value to the portfolio in this period. The fund maintains a slight underweight duration position. US Equity and UK Govies were positive contributors this month, while UK equities unfortunately detracted.

Portfolio Updates


OEIC: Fund of Funds

Fund Type Fund Value Currency Minimum investment Deal closing time Daily valuation point Launch date Unit Type Sponsor Investment Manager ACD Yield OCF (share class A) XD Date Payment date

Fund Facts

IFSL Sinfonia Income Portfolio November 2017

Legal & General All Stocks Gilt Index Trust 18.29%

BlackRock UK Credit Screened Fund 16.67%

Vanguard UK Government Bond UCITS ETF 12.39%

Parvest Bond World X Cap 9.09%

Amundi Funds – Bond Global Aggregate 8.09%

TOTAL 64.53%

Risk Warning – Past performance is not a guide to the future performance. Investments can go down as well as up and investors may not get back the amount originally invested. This can be as a result of market movements and exchange rates between currencies. The Fund may invest in fixed interest funds, which are subject to market and credit risk and will be impacted by interest rates. The Fund’s underlying investments may include emerging markets which may be less liquid and more volatile than more developed markets. Important Information – Copies of the Prospectus and Key Investor Information Documents are available from www.ifslfunds.com or can be requested as a paper copy by calling 0808 178 9322 or writing to IFSL Sinfonia, Marlborough House, 59 Chorley New Road, Bolton BL1 4QP.

IFSL Sinfonia Income Portfolio Nov 2017

Investment Objective

To provide regular income with some potential for capital growth over the long-term.

The investment objective will be achieved by investing in a diversified portfolio of equities, fixed interest securities, warrants and money market instruments primarily through investment in a portfolio of collective investment schemes. The Sub-Fund will typically be invested in a global portfolio of assets with a focus on UK assets.

This fund will be invested in a portfolio that is considered to be mainly low and medium risk investments over the long-term.

Fund of Funds £11.3mGBP £1000 lump sum, £25 per month 12.00 noon (UK) 12.00 noon (UK) 16 June 2008 Accumulation & Income Sinfonia Asset Management Ltd BNP Paribas Investment Partners UK Ltd Investment Fund Services Ltd 1.2% (last 12 months up to 30th November 2017)1.14% (includes AMC of 0.65%)1 Apr / 1 Oct31 May / 30 Nov

UK Government Bonds 36.40% Global Bonds 19.14% UK Corporate Bonds 16.64% UK Equities 11.36% Cash & Money Market 5.43% European Equities 4.22% Emerging Markets Equities 2.45% Absolute Return 2.03% Mixed Allocation 1.58%

US Equities 0.75%

*Figures may not total to 100% due to rounding.

Top 5 holdings Tactical Asset Allocation

Performance as at 30.11.2017

% Growth

Performance Pack From 16.06.2008 to 30.11.2017

0

10

-10

20

-20

30

40

50

60

70

80

IFSL Sinfonia Income Portfolio A Acc 53.52% Since Launch

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Key:

^The performance shown is that of the A Acc share class

Source: BNPP AM Performance from 16.06.2008 to 30.11.2017, Net of fees, expressed in GBP value

Discrete Performance

YTD1/12/2016

TO 30/11/2017

1/12/2015 TO

30/11/2016

1/12/2014 TO

30/11/2015

1/12/2013 TO

30/11/2014

1/12/2012 TO

30/11/2013

2.61% 3.86% 9.64% 1.28% 6.06% 3.98%

IFSL Sinfonia Income Portfolio

3 MTHS 6 MTHS 1 YR 3 YRS 5 YRS

-1.92% -0.78% 3.86% 15.33% 27.17%


OEIC: Fund of Funds


Fund Facts

IFSL Sinfonia Cautious Managed Portfolio November 2017



JPMorgan Fund ICVC – UK Active Index Plus 12.09%

Legal & General UK Index Trust 8.68%

Vanguard FTSE Developed Europe ex UK UCITS ETF 5.79%

TOTAL 59.32%

IFSL Sinfonia Cautious Managed Portfolio Nov 2017


To provide long-term returns, by a combination of both capital growth and income generation.


This fund will be invested in a portfolio that is considered mainly medium risk investments with the intention of generating long-term returns.

Fund of Funds £34.5m GBP £1000 lump sum, £25 per month 12.00 noon (UK) 12.00 noon (UK) 16 June 2008 Accumulation Sinfonia Asset Management Ltd BNP Paribas Investment Partners UK Ltd Investment Fund Services Ltd 0.96% (last 12 months up to 30th November 2017)1.01% (includes AMC of 0.65%)1 Apr / 1 Oct31 May / 30 Nov

UK Equities 23.23% UK Government Bonds 21.22% UK Corporate Bonds 16.37% Global Bonds 14.06% European Equities 7.94% US Equities 5.35% Cash & Money Market 3.62% Absolute Return 3.20% Emerging Markets Equities 2.58% Japan Equities 1.03%

Mixed Allocation 1.41%*Figures may not total to 100% due to rounding.



% Growth


0

10

-10

20

-20

30

40

50

60

70

80

IFSL Sinfonia Cautious Managed Portfolio A Acc 72.02% Since Launch

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Key:





YTD1/12/2016

TO 30/11/2017

1/12/2015 TO

30/11/2016

1/12/2014 TO

30/11/2015

1/12/2013 TO

30/11/2014

1/12/2012 TO

30/11/2013

5.26% 7.37% 10.94% 1.48% 5.64% 10.23%

IFSL Sinfonia Cautious Managed Portfolio


-0.92% 0.23% 7.37% 20.87% 40.75%


OEIC: Fund of Funds


Fund Facts

IFSL Sinfonia Income & Growth Portfolio November 2017




Vanguard FTSE Developed Europe ex UK UCITS ETF 6.25%


TOTAL 58.87%

IFSL Sinfonia Income & Growth Portfolio Nov 2017


To provide income and capital growth for investors over the long-term.


This fund will be invested in a portfolio that is considered to be mainly medium and high risk investments with the intention of generating long term returns.

Fund of Funds £29.2m GBP £1000 lump sum, £25 per month 12.00 noon (UK) 12.00 noon (UK) 16 June 2008 Accumulation & Income Sinfonia Asset Management Ltd BNP Paribas Investment Partners UK Ltd Investment Fund Services Ltd 1.44% (last 12 months up to 30th November 2017)1.10% (includes AMC of 0.65%)1 Apr / 1 Oct31 May / 30 Nov

UK Equities 31.04% UK Corporate Bonds 18.58% US Equities 9.54% European Equities 8.83% Global Bonds 8.65% UK Government Bonds 8.06% Japan Equities 6.01% Cash & Money Market 5.41% Emerging Markets Equities 2.41% Mixed Allocation 1.46%




% Growth


0

10

-10

20

-20

30

40

50

60

70

80

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

IFSL Sinfonia Income and Growth Portfolio A Acc 80.82% Since Launch Key:





YTD1/12/2016

TO 30/11/2017

1/12/2015 TO

30/11/2016

1/12/2014 TO

30/11/2015

1/12/2013 TO

30/11/2014

1/12/2012 TO

30/11/2013

7.05% 10.04% 9.90% 2.26% 5.71% 12.81%

IFSL Sinfonia Income & Growth Portfolio


0.39% 1.18% 10.04% 23.67% 47.47%


OEIC: Fund of Funds

September 2015IFSL Sinfonia Balanced Managed Portfolio Nov 2017


Fund Facts

IFSL Sinfonia Balanced Managed Portfolio November 2017

Top 5 holdings




Vanguard FTSE Developed Europe EX UK 5.45%

BNP Paribas InstiCash GBP X-Cap 5.00%

TOTAL 57.26%

Tactical Asset Allocation

UK Equities 32.95% UK Corporate Bonds 17.29% US Equities 9.87% European Equities 8.85% Emerging Markets Equities 8.07% Japan Equities 6.03% Cash & Money Market 5.54% Asian Equities ex Japan 4.95% UK Government Bonds 4.07% Mixed Allocation 1.45% Global Bonds 0.87% Absolute Return 0.05%



To provide medium to long-term capital growth.

The Sub-Fund’s investment objective will be achieved by investing in a diversified portfolio of fixed interest securities and equities, as well as warrants, and money market instruments, primarily through investment in a portfolio of collective investment schemes. The Sub-Fund will typically be invested in a global portfolio of assets but may focus on UK and European assets.

This fund will be invested in a portfolio that is considered to be mainly medium to high risk investments over the long-term.



% Growth


0

10

-10

20

-20

30

40

50

60

70

80

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

IFSL Sinfonia Balanced Managed Portfolio A Acc 81.02% Since Launch Key:





YTD1/12/2016

TO 30/11/2017

1/12/2015 TO

30/11/2016

1/12/2014 TO

30/11/2015

1/12/2013 TO

30/11/2014

1/12/2012 TO

30/11/2013

9.30% 12.42% 11.65% 1.05% 6.49% 14.33%

IFSL Sinfonia Balanced Managed Portfolio


0.72% 2.26% 12.42% 26.84% 54.44%


OEIC: Fund of Funds


Fund Facts

IFSL Sinfonia Adventurous Growth Portfolio November 2017




Parvest Equity Pacific ex-Japan 6.23%

Fisher Investments Institutional Emerging Markets Equity Fund 5.05%

TOTAL 59.00%

IFSL Sinfonia Adventurous Growth Portfolio Nov 2017


To provide long-term capital growth.

The Sub-Fund’s investment objective will be achieved by investing in a diversified portfolio of fixed interest securities and equities, as well as warrants, and money market instruments, through investment in a portfolio of collective investment schemes. The Sub-Fund will typically be invested in a global portfolio of assets but may also focus on UK assets.

This fund will be invested in a portfolio that is considered to be mainly medium to high risk investments over the long-term.



UK Equities 39.29% Emerging Markets Equities 12.64% UK Corporate Bonds 12.41% US Equities 8.00% European Equities 7.95% Japan Equities 7.77% Asian Equities ex Japan 6.09% UK Government Bonds 3.20% Mixed Allocation 1.43% Cash & Money Market 1.22%


% Growth


0

10

-10

20

-20

-30

30

40

50

60

70

80

2008 2010 2011 2012 2013 2014 2015 2016 20172009

IFSL Sinfonia Adventurous Portfolio A Acc 84.02% Since LaunchKey:






YTD1/12/2016

TO 30/11/2017

1/12/2015 TO

30/11/2016

1/12/2014 TO

30/11/2015

1/12/2013 TO

30/11/2014

1/12/2012 TO

30/11/2013

11.31% 14.64% 12.87% -0.14% 6.11% 16.59%

IFSL Sinfonia Adventurous Growth Portfolio


1.04% 2.74% 14.64% 29.21% 59.86%

IFSL Sinfonia OEIC Portfolios November 2017

BNP Paribas Investment Partners UK Ltd

The Multi-Asset Solutions, part of BNP Paribas Investment Partners manage the selected funds in the IFSL Sinfonia portfolios on a day-to-day basis, taking into account the prevailing market conditions and have an extremely robust and comprehensive process for selecting the funds in the portfolios giving investors in the IFSL Sinfonia OEIC access to specialist investment managers that may not be available to the retail investor.

Multi-Asset Solutions is the dedicated asset allocation capability within BNP Paribas Investment Partners, offering an extensive range of tailored multi-asset solutions for institutional and retail clients. The team has been in place since 2002 and has developed a strong expertise in both strategic and tactical asset allocation. The team comprises of 50 investment professionals located across Europe, the US and Asia and runs over £50bn of assets (31/12/2016).

Multi-Asset Solutions works with FundQuest, the fund selection specialist of BNP Paribas Investment Partners. FundQuest has a team of 28 professionals located in Paris, London and Singapore, proposing funds selection around the world and Model Portfolio activity.

As a totally independent and unbiased organisation Multi-Asset Solutions have access to the widest range of research and resources available enabling investments to be chosen that are appropriate to meet the objectives of the Portfolios.

Investment Management Team

The IFSL Sinfonia OEIC portfolios are available via a wide range of platforms and providers for ISAs, OEICs, SIPPs, pensions and onshore and offshore bonds.

For full details of where the funds are available please visit our website: www.sinfonia.com

The income generated for the IFSL Sinfonia Income Portfolio and IFSL Sinfonia Income & Growth Portfolios is based on natural income whereby distributions are generated by the underlying assets of the fund. This can include dividends from equities or interest from fixed interest holdings.

Quarterly or bi-annual income distributions can vary due to the synchronisation of the underlying fund distributions. E.g. if the underlying fund pays half year dividends on 31st March then that income will be paid in the following quarter’s distributions for the IFSL Portfolios.

Important Information

Past performance is not a guide to the future performance. Investments can go down as well as up and investors may not get back the amount originally invested. This can be as a result of market movements and exchange rates between currencies. The Fund may invest in fixed interest funds, which are subject to market and credit risk and will be impacted by interest rates. The Fund’s underlying investments may include emerging markets which may be less liquid and more volatile than more developed markets.

This document has been approved by Investment Fund Services Limited. Investment Fund Services Limited is authorised and regulated by the FCA.

BNP Paribas Investment Partners UK Ltd, the Investment Manager, is authorised and regulated by the Financial Conduct Authority.

Sinfonia Asset Management Ltd. is not authorised or regulated by the Financial Conduct Authority.

If you do not understand any part of this document or you require guidance please obtain independent advice. Any opinions or statements included in this document constitute the judgment of BNP Paribas Investment Partners at the time specified and may be subject to change without notice.

No representation or warranty, express or implied, is made to the accuracy or completeness of the information contained herein, and BNP Paribas Investment Partners UK Ltd accepts no liability for any loss arising, whether direct or indirect, caused by the use of any part of such information.

SINFONIA ASSET MANAGEMENT LTD., 5 LISTER HILL, HORSFORTH, LEEDS, WEST YORKSHIRE, LS18 5AZ. COMPANY NO: 06309491. REGISTERED IN ENGLAND AND WALES

Investment Opportunities

Providers and Platforms

Natural Income

OEIC

ISA TRANSFERS

PENSION

ISA

SIPP

BONDS

To contact SinfoniaFor more information visit our website at www.ifslfunds.com

To invest in IFSL Sinfonia OEIC Portfolios please contact your financial adviser.

For adviser use onlyAdviser Service Line: 0808 178 9322

Leeds Head Office: 0113 239 0025

Email: [email protected]

Website: www.sinfonia.com


Asset Class Returns

Wondering which asset class to invest in for the best returns? Good luck! An asset class is a broad group of securities or investments that have similar financial characteristics, such as gilts or equities. The chart below shows the best performing to worst performing asset class each year. No single asset class is a consistent winner which is why having a blend of assets is so important.

Perf

orm

an

ceB

ES

TW

OR

ST

Emerging Market Equity 58.93%

2009

January – December

Asian Equity 53.2%

UK Equity 27.59%

European Equity 17%

UK Corporate Bonds 15.35%

USA Equity 12.41%

UK Gilts 1.78%

Cash 0.55%

Japan Equity -5.4%

Asian Equity 23.38%

2010


Japan Equity 19.06%

USA Equity 18.38%

UK Equity 12.17%


UK Gilts 6.47%

Cash 0.5%

European Equity -1.24%

UK Gilts 9.92%

2011


USA Equity 2.11%

Cash 0.49%

UK Equity -1.84%

Japan Equity -13.69%

Asian Equity -16.69%


Emerging Market Equity -17.82%

Asian Equity 16.99%

2012

European Equity 15.85%



USA Equity 10.27%

UK Equity 10.19%

Japan Equity 3.43%

UK Gilts 2.66%

Cash 0.31%

USA Equity 29.34%

2013


Japan Equity 24.8%

UK Equity 18.43%


Asian Equity 1.16%

Cash 0.3%

UK Gilts -2.56%


USA Equity 19.7%

2014


Asian Equity 11.32%

UK Gilts 6.36%


Japan Equity 1.95%

UK Equity 0.5%

Cash 0.38%


Japan Equity 15.91%

2015

USA Equity 6.52%


UK Gilts 0.85%


Cash 0.44%

UK Equity -2.21%

Asian Equity -3.91%



2016

USA Equity 32.28%

Asian Equity 25.77%

Japan Equity 22.12%


UK Equity 19.16%


UK Gilts 4.56%

Cash 0.33%

Source: FE Analytics


Asset Class Returns

Diversification reduces risk Predicting market movements over the long-term is impossible. It is very rare for a single asset class to outperform another consistently. That’s why it makes sense to invest in a wide range of different assets rather than try to predict short-term market movements. Over time, a diversified portfolio could smooth your overall return, giving you a more balanced and consistent outcome compared to a single asset portfolio.

Your financial adviser can help you decide which IFSL Sinfonia portfolio best suits your personal circumstances, time horizon, capacity for loss and attitude to risk. Each portfolio invests in a wide range of assets and is managed to a set level of risk. Because the portfolios are risk targeted, they will always stay at the same level of risk.

Risk

Po

ten

tial re

turn

IncomePortfolio

CautiousManagedPortfolio

Income& GrowthPortfolio

BalancedManagedPortfolio

AdventurousGrowthPortfolio

Cash and Fixed Interest Investment

UK Equity

Global Equity

30%

70%

55%

40%45%

15%

30%

55%

15%

45%

40%

5%

25%

30%

Risk Warning Past performance is not a guide to the future performance. The value of an investment and income are not guaranteed and can in fact fall as well as rise as a result of market fluctuations. You may not get back the original amount invested.

Investments in stocks and shares do not have the same degree of capital security which is afforded with a deposit account. The levels and basis of taxation are subject to change and their value depends on the individual circumstances of the investor. Copies of the Prospectus and Key Investor Information Documents are available from www.ifslfunds.com or can be requested as a paper copy by calling 0808 178 9322 or by writing to IFSL, Marlborough House, 59 Chorley New Road, Bolton, BL1 4QP.

This document has been approved by Investment Fund Services Limited who are authorised and regulated by the FCA. Sinfonia Asset Management Ltd. is not authorised or regulated by the Financial Conduct Authority.

Disclaimer This document and the information it contains may be privileged and/or confidential. It is for the intended addressee(s) only. The unauthorised use, disclosure or copying of this document, or any information it contains, is prohibited and could, in certain circumstances, be a criminal offence.

Sinfonia Asset Management Ltd is a private limited company registered in England with company number 06309491 whose registered office is at 5 Lister Hill, Horsforth, Leeds, LS18 5AZ. The VAT registration number of Sinfonia Asset Management is 712054479. Sinfonia Asset Management Ltd is not regulated or authorised by the Financial Conduct Authority or the Prudential Regulation Authority. Investment Funds Services Limited (IFSL) is the Authorised Corporate Director for the IFSL Sinfonia OEIC. IFSL is regulated and authorised by the Financial Conduct Authority. All our literature including KIIDS, SID and Prospectus are available at www.ifslfunds.com

To contact SinfoniaFor more information visit our website at www.ifslfunds.com

To invest in IFSL Sinfonia OEIC Portfolios please contact your financial adviser.

For adviser use onlyAdviser Service Line: 0808 178 9322

Leeds Head Office: 0113 239 0025

Email: [email protected]

Website: www.sinfonia.com