We've written this fund factsheet assuming you have some experience of investing. This means that althoughwe have tried to write as much as possible in plain language, we may have used certain words or phrases thatmight not be familiar to you, particularly if you are new to investing. Its purpose is to help you understandhow the fund is invested and performing. You should not use it on its own for making investment decisions.It is not an offer to buy or sell any investments or shares. If there's something you don't understand, pleasecontact your adviser. If you don't have an adviser, please call us, we can help you find one near you.

Zurich Property 2 EP

June 2018

Zurich fund information(as at 31/05/2018)

Launch date 01/01/1996Single price 631.00pFund size (£m) 2041.7 (as at 31/05/2018)ABI Sector UK Direct PropertyFund Charges* 0.01%

SEDOL 0297501SEDOL codes © London Stock Exchange, reproduced under license

Mex ID ESFPRPISIN code GB0002975018Crown rating

The Zurich fund invests in Zurich PropertyInformation for Zurich Property(as at 31/05/2018)

Launch date 13/01/1984Fund size (£m) 2041.7 (as at 31/05/2018)SEDOLSEDOL codes © London Stock Exchange, reproduced under license

Fund managementcompany

Zurich Assurance Ltd

Fund manager's Square Mile Rating

Top holdings(as at 31/03/2018)**

HEMEL HEMPSTEAD, BREAKSPEAR PK 4.40%GILLINGHAM, GILLINGHAM BUS.PARK 2.90%HOLBORN, TELEPHONE EXCHANGE 2.70%ST ALBANS, RIVERSIDE IND EST 2.70%ABERDEEN, KITTYBREWSTER RETAIL 2.50%LONDON E14, HARBOUR ISLAND 2.20%PORTSMOUTH, BROAD OAKS WORKS 2.10%CAMBRIDGE BLDS 1000, 2000 & 9000 2.00%LANGLEY, LANGLEY BUSINESS CENTRE 1.90%EPSOM, EPSOM GATEWAY 1.80%

* This figure includes the charges and expensesthat are deducted from the fund and arereflected in the unit price. Other charges whichreduce the number of units you hold may apply.For further information please refer to yourproduct Terms and Conditions.

** Zurich sources its funds data from Financial Express. The date shown reflects thelast available regional, sector and asset breakdown data provided by the fund'sadministrator to Financial Express. The timeliness of this data is affected by the speedand regularity of their publication by the fund administrator.

Fund objective

The fund invests in a spread of business properties in the UK, generally let on long termleases to good quality tenants with regular rent reviews; some properties are acquired withthe intention of carrying out development. This investment aim is intended to combine theprospects of good capital growth with a secure and rising rental income.

Fund features

This fund invests in assets which have the potential to produce superior longer term returns.Over some periods of time there can be significant falls, as well as rises, in the value of yourinvestment.

Asset split 1 (as at 31/03/2018)**

Property 80.2%

Money Market 17.1%

Property Shares 2.7%

Asset split 2 (as at 31/03/2018)**

Offices - Property 30.7%

Industrial - Property 26.6%

Retail - Property 21.8%

Money Market 19.3%

Miscellaneous 1.6%

Zurich Property 2 EPJune 2018

Things you need to know

We've based this information on our currentunderstanding of law and practice. We make everyeffort to ensure that this information is helpful,accurate and correct but it may change or may notapply to your personal circumstances. Beforetaking any action you should always check with anappropriate adviser, as we cannot acceptresponsibility for any action taken on the basis ofthis information alone.

All funds carry some risk and you should considerthese risks before making an investment decision.The value of investments and any income fromthem can fall as well as rise and will be reduced inreal terms by the effects of inflation. The mainfactors which may increase the risk of this fundinclude:- the amount held in overseas assets,- any concentration in specific areas or sectors,- the amount invested in property or propertyshares,- the use of derivatives and other instruments withthe aim of generating outperformance.

Other charges which reduce the number of unitsyou hold may apply. For further information pleaserefer to your product Terms and Conditions.

For a more detailed explanation and other usefulinformation about investments, please refer to ourguide -"Making investments clearer - a guide foryou", which can be found at www.zurich.co.uk.

0370 514 3624www.zurich.co.uk/life

Cumulative fund performance (as at 31/05/2018)

6 mths 1 year 3 years 5 years 10 years

% growth 4.45% 8.48% 16.79% 58.58% 54.81%

Discrete fund performance (as at 31/03/2018)

31/03/2013 -31/03/2014

31/03/2014 -31/03/2015

31/03/2015 -31/03/2016

31/03/2016 -31/03/2017

31/03/2017 -31/03/2018

% growth 13.97% 17.39% 11.37% -1.88% 9.50%

Annualised fund performance(as at 31/05/2018)

3 year 5.31%

5 year 9.66%

10 year 4.47%

3 year statistical fund data(as at 31/05/2018)

Monthly volatility 1.14%

Best 3 month return 4.20%

Worst 3 month return -6.46%

Discrete performance of ABI primary fund* (as at 31/05/2018)

31/05/2013 -31/05/2014

31/05/2014 -31/05/2015

31/05/2015 -31/05/2016

31/05/2016 -31/05/2017

31/05/2017 -31/05/2018

% growth 14.16% 15.37% 7.86% -2.99% 6.78%

Sector Average 11.16% 12.86% 5.64% 1.68% 8.30%

Quartile 1 1 2 4 3

Rank 22/137 26/140 60/143 131/143 101/145

* This data shows the performance of the primary unit series for the fund.The primary unit series is the series of the fund that applies to most customers.

Performance of ABI primary fund (over 5 years to 31/05/2018)

-5

0

5

10

15

20

25

30

35

40

45

50

Jul 13 Jan 14 Jul Oct Apr 15 Oct Apr 16 Oct Apr 17 Oct

31/05/2013 - 31/05/2018 Powered by data from FE

Primary fund for Zurich PropertyUK Direct Property

Source: Financial Express as at 31/05/2018. You shouldn't use past performance as a suggestionof future performance. It shouldn't be the main or sole reason for making an investmentdecision. The value of investments and any income from them can fall as well as rise and willbe reduced in real terms by the effects of inflation. You may not get back the amount youinvested. HM Revenue and Customs (HMRC) practice and law are complex. Tax concessionsare not guaranteed, their value will depend on individual circumstances and may change inthe future.

Fund performance data is based on a single price basis and doesn't take into account fees andexpenses which are specific to individual plans. Details are available on request.

Zurich Assurance Ltd. Registered in England and Wales under company number 02456671. Registered office: The Grange,Bishops Cleeve, Cheltenham, GL52 8XX.

We may record or monitor calls to improve our service.