Threadneedle UK FundCORE FUND

MID-CAP EXPOSURE

HIGH CONVICTION

ENHANCED ALPHA

ABSOLUTE RETURNS

Threadneedle UK Mid 250 Fund

Threadneedle UK Select Fund

Threadneedle UK Extended Alpha Fund

Threadneedle UK Absolute Alpha Fund

SUSTAINABLE INVESTINGThreadneedle Ethical UK Equity Fund

SMALLER COMPANIES EXPOSUREThreadneedle UK Smaller Companies Fund

UNCONSTRAINEDThreadneedle UK Growth & Income Fund

THREADNEEDLE UK EQUITY FUND RANGE GROWTH STRATEGIES

2

Threadneedle UK Equity Fund Range | Growth Strategies

INVESTING IN UK EQUITIESThe broad range of businesses on offer and the familiarity of many of the companies featured make the UK market an attractive option for novices and highly sophisticated investors alike.

Our UK Equity team takes a collaborative approach to investing, primarily focusing on bottom-up stock fundamentals, while also leveraging the wider macro and thematic resources from across the investment teams at Columbia Threadneedle Investments. Our UK Equity team’s investment philosophy places valuation at the heart of the process, exploiting short-term market volatility to capture longer-term valuation opportunity.

The team manages a variety of UK equity strategies, including core, alpha, high alpha, income, mid 250, smaller companies, long-short and ethical portfolios.

OUR UK EQUITY PHILOSOPHY n We believe that markets are inefficient.

n We place valuation at the heart of our investment process.

n We use short-term volatility in the market to exploit the long-term valuation opportunity.

n By constructing a diversified portfolio we seek to deliver consistent and strong risk adjusted returns through the cycle.

“ Capital growth should be a key requirement for any investor’s portfolio. We believe our compelling suite of UK growth funds cater to a range of risk appetites.” – UK Equities Desk

3

Threadneedle UK Equity Fund Range | Growth Strategies

WHY COLUMBIA THREADNEEDLE INVESTMENTS? n Large and experienced team - our UK Equity team includes 10 investment professionals

with an average of 16 years’ experience, a client portfolio manager and two dedicated dealers. The team has over £21bn of assets under management*

n Balanced risk approach - central to all parts of the investment process and independently monitored by a dedicated risk team

n Collaborative approach - the investment process of each fund in the range leverages the stock ideas generated by the team as well as our wider macro and thematic thinking

n Strong track record - 97% of our actively managed UK equity strategies have outperformed over 10 years **

*Source: Columbia Threadneedle Investments as at 31.12.2017.**Source: Columbia Threadneedle Investments as at 31.12.2017. Total UK Equity funds managed by Threadneedle Asset Management Limited outper-forming their relevant benchmark (Peer group or index), in GBP, including segregated accounts/portfolios, weighted by AUM. Fund performance rela-tive to peer group median (source: Morningstar) calculated using official prices with income reinvested, net of assumed fees and expenses excluding initial charges. Fund performance relative to index is gross of total expenses using global close authorised valuations based on in-house calculated transactions with cash flow at start of day. Past performance is not a guide to future performance.

WHY UK EQUITY GROWTH? Investors with a long-term time horizon and no need for regular income often opt for growth funds. Because these funds do not have a yield target, they can invest more of their capital in areas of the market that pay lower dividends. This gives them the potential to deliver strong growth via share price appreciation.

4

Threadneedle UK Equity Fund Range | Growth Strategies

OUR UK EQUITY GROWTH FUNDS

CORE FUND Threadneedle UK Fund

MID-CAP EXPOSURE Threadneedle UK Mid 250

Our experienced and resourced UK Equity team manage a broad range of growth strategies.

“ Our UK growth funds are managed for total return using a research-driven approach to identify the best opportunities for our porfolios.”

– Chris Kinder, Fund Manager

SMALLER COMPANIES EXPOSUREThreadneedle UK Smaller Companies

HIGH CONVICTION Threadneedle UK Select

UNCONSTRAINED Threadneedle UK Growth & Income

SUSTAINABLE INVESTING Threadneedle Ethical UK Equity

ENHANCED ALPHA Threadneedle UK Extended Alpha

ABSOLUTE RETURN Threadneedle UK Absolute Alpha

5

Threadneedle UK Equity Fund Range | Growth Strategies

IA SECTOR

ACTIVE SHARE*INDEX TYPICAL NO

OF HOLDINGSTRACKING

ERROR (3 YR) RATINGS**

UK All Companies

THREADNEEDLE UK SELECTHigh conviction

Focused, best ideas fund

30-50 64.8%4.9%Mark

WestwoodFTSE All-Share – Total Return

UK Smaller Companies

THREADNEEDLE UK SMALLER COMPANIESSmaller companies exposure

Balanced growth with strong valuation discipline

60-90 90.7%6.5%James Thorne

Numis Small Co ex IT Index James Thorne

Targeted Absolute Return

THREADNEEDLE UK ABSOLUTE ALPHAAbsolute returns

Aims to generate returns irrespective of market conditions

60-75 N/A3.9%Mark

Westwood & Chris Kinder

N/A

Chris Kinder

UK All Companies

THREADNEEDLE UK FUNDCore Fund

Mainstream UK fund

60-80 3.2% 62.0%

A

Chris Kinder

Chris Kinder

FTSE All-Share – Total Return

FUND MANAGER(S)

James ThorneUK

All Companies

THREADNEEDLE ETHICAL UK FUNDSustainable Investing

Concentrated, socially responsible investment Fund

30-60 N/AN/AJames Thorne

MSCI UK IMI extended SRI

UK All Companies

THREADNEEDLE UK EXTENDED ALPHAEnhanced alpha

Flexible long/short strategy fund

70-80 N/A3.2%Chris

KinderFTSE All-Share – Total Return

Chris Kinder

UK All Companies

THREADNEEDLE UK MID 250Mid-cap exposure

Concentrated, quality growth bias fund

40-50 87.0%4.6%James Thorne

& Philip Macartney

FTSE 250x Investment

Trusts – Total Return

James Thorne

UK All Companies

THREADNEEDLE UK GROWTH & INCOMEUncontrained

Unconstrained, contrarian bias fund

35-55 78.2%4.2%Richard Colwell

FTSE All-Share– Total Return

Richard Colwell

Source: Columbia Threadneedle Investments. *Active Share as at 31.12.2017. **Ratings as at 31.12.2017. Past performance is not a guide to future performance. The fund characteristics described above are internal guidelines (rather than limits and controls). They do not form part of the fund’s objective and policy and are subject to change without notice in the future. All intellectual property rights in the brands and logos set out in this slide are reserved by respective owners.

Mark Westwood

Mark Westwood

6

Threadneedle UK Equity Fund Range | Growth Strategies

UK EQUITIES TEAM EXPERIENCED AND RESOURCED

RICHARD COLWELLHead of UK Equities 26 years’ experience

CRAIG ADEYAnalyst 5 years’ experience

JONATHAN BARBERIncome 26 years’ experience

STACEY CASSIDYAnalyst 8 years’ experience

Source: Columbia Threadneedle Investments as at 31.12.2017.

PHILIP MACARTNEY Absolute and Mid Cap 9 years’ experience

DOMINIC YOUNGER Client Portfolio Analyst 4 years’ experience

JEREMY SMITHCore, Income and Head of Research 22 years’ experience

JAMES THORNESmall and Mid Cap 18 years’ experience

MARK WESTWOODHigh Alpha and Absolute 18 years’ experience

CHRIS KINDERCore, Alpha and Absolute 15 years’ experience

SONAL SAGARAnalyst 11 years’ experience

CAROLINE CANTORClient Portfolio Manager 7 years’ experience

7

Threadneedle UK Equity Fund Range | Growth Strategies

UK Fund

UK Growth and

Income Fund

UK Select Fund

UK Smaller Companies

FundEthical UK Equity Fund

UK Absolute

Alpha Fund

UK Extended

Alpha FundUK Mid

250 Fund

Investment risk: The value of investments can fall as well as rise and investors might not get back the sum originally invested

3 3 3 3 3 3 3 3

Currency risk: Where investments are in assets that are denominated in multiple currencies, or currencies other than your own, changes in exchange rates may affect the value of the investments

3 3 3 3 3 3 3

No Capital Guarantee: Positive returns are not guaranteed and no form of capital protection applies

3

Counterparty Risk: The fund may enter into financial transactions with selected counterparties. Any financial difficulties arising at these counterparties could significantly affect the availability and the value of fund assets

3 3

Liquidity Risk: The fund holds assets which could prove difficult to sell. The fund may have to lower the selling price, sell other investments or forego more appealing investment opportunities

3

Effect of Portfolio Concentration: The Fund has a concentrated portfolio (holds a limited number of investments and/or has a restricted investment universe) and if one or more of these investments declines or is otherwise affected, it may have a pronounced effect on the fund’s value

3 3

Valuation Risk: The fund’s assets may sometimes be difficult to value objectively and the actual value may not be recognised until assets are sold

3 3

Short Selling Risk: Short selling intends to make a profit from falling prices. However if the value of the underlying investment increases, the value of the short position will decrease. The potential losses are unlimited as the prices of the underlying investments can increase very significantly in a short space of time

3 3

Investment in Derivatives: The Investment Policy of the fund allows it to invest materially in derivatives.

3 3

Leverage Risk: Leverage amplifies the effect that a change in the price of an investment has on the fund’s value. As such, leverage can enhance returns to investors but can also increase losses, including losses in excess of the amount invested

3 3

Derivatives for EPM / Hedging: The investment policy of the fund allows it to invest in derivatives for the purposes of reducing risk or minimising the cost of transactions

3 3 3 3 3 3

Volatility Risk: The fund may exhibit significant price volatility 3 3 3 3 3 3

High Volatility Risk: The fund typically carries a risk of high volatility due to its portfolio composition or the portfolio management techniques used. This means that the fund’s value is likely to fall and rise more frequently and this could be more pronounced than with other funds

3 3

KEY RISKS

To find out more visit COLUMBIATHREADNEEDLE.CO.UK/UKEQUITIES

or call 0800 953 0134*

*Please note. We record calls for your protection and to improve our standards

To find out more visit columbiathreadneedle.co.uk/ukequitiesImportant Information For internal 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. Threadneedle Investment Funds ICVC (“TIF”) is an open-ended investment company structured as an umbrella company, incorporated in England and Wales, authorised and regulated in the UK by the Financial Conduct Authority (FCA) as a UCITS scheme. Certain sub-funds of TIF are registered for public offer in Austria, Belgium, Finland, France, Germany, Hong Kong, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland,Taiwan and the UK. Shares in the Funds may not be offered to the public in any other country and this document must not be issued, circulated or distributed other than in circumstances which do not constitute an offer to the public and are in accordance with applicable local legislation. Threadneedle Specialist Investment Funds ICVC (“TSIF”) is an open-ended investment company structured as an umbrella company, incorporated in England and Wales, authorised and regulated in the UK by the Financial Conduct Authority (FCA) as a UCITS scheme.Certain sub-funds of TSIF are registered for public offer in Austria, Belgium, France, Germany, Hong Kong, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Singapore, Spain, Switzerland, Sweden, Taiwan and the UK. Shares in the Funds may not be offered to the public in any other country and this document must not be issued, circulated or distributed other than in circumstances which do not constitute an offer to the public and are in accordance with applicable local legislation. 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. © 2018 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Subscriptions to a Fund may only be made on the basis of the current Prospectus and the Key Investor Information Document, as well as the latest annual or interim reports 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 only and may be obtained free of charge on request from Columbia Threadneedle Investments at PO Box 10033, Chelmsford, Essex CM99 2AL. This document is not investment, legal, tax, or accounting advice. Investors should consult with their own professional advisors for advice on any investment, legal, tax, or accounting issues relating an investment with Columbia Threadneedle Investments. The fund characteristics described above are internal guidelines (rather than limits and controls). They do not form part of the fund’s objective and policy and are subject to change without notice in the future. The analysis included in this document has been produced by Columbia Threadneedle Investments for its own investment management activities, may have been acted upon prior to publication and is made available here incidentally. Any opinions expressed are made as at the date of publication but are subject to change without notice and should not be seen as investment advice. Information obtained from external sources is believed to be reliable but its accuracy or completeness cannot be Guaranteed. Issued by Threadneedle Investment Services Limited. Registered in England and Wales, Registered No. 3701768, Cannon Place, 78 Cannon Street, London EC4N 6AG. Authorised and regulated in the UK by the Financial Conduct Authority. Columbia Threadneedle Investments is the global brand name of the Columbia and Threadneedle group of companies. columbiathreadneedle.com Issued 01.18 | Valid to 07.18 | J27353 | 1996560