Reasons why tool

BNY Mellon Global Strategic Bond Fund

- The Fund benefits from the deep resources and experience of Standish. Standish is a specialist fixed income and credit investment manager which can trace its history back to 1933 and is widely regarded as being one of the world's premier fixed income managers

- The Fund is managed by David Leduc, Head of Global Fixed Income Strategies at Standish who brings 21 years of investment experience within fixed income markets

- Globally diversified, unconstrained multi-sector fixed income portfolio

- The Fund benefits from a global remit:

expanded opportunity set offers more areas to find value

mitigates concentration, quality and liquidity risk

- Fund based on a strategy with an 18 year track record¹

- Fund ratings: S&P AAv4²

¹Source: Standish as at 30/06/10

²Source: S&P as at 31/07/10

BNY Mellon Long Term Global Equity Fund

- Walter Scott, founded in 1983 and based in Edinburgh, is a Global Equity specialist managing £34 billion in assets under management

- Team approach benefiting from unprecedented manager tenures. The 12 senior investors have 19 years experience in the industry, and average 17 years each with Walter Scott¹

- Globally diversified, unconstrained multi-sector fixed income portfolio

- Bottom up, stock picking investment approach combines detailed financial analysis with business and industry analysis:

Aims to maintain and enhance the long-term real value of client portfolios

Targets those companies capable of generating wealth at 20% a year

- Portfolio is typically 40-60 stocks invested in equity securities of high quality global companies, while turnover is typically less than 25% per year illustrating the buy and hold strategy

- Fund ratings: S&P AA, OBSR A²

¹Source: Walter Scott as at 30/06/10

²Source: S&P and OBSR as at 31/07/10

Newton American Fund

Providing the opportunity to achieve capital growth from a portfolio of US securities, the Newton American Fund could be ideal if you are looking for capital growth from a fund that invests exclusively in the United States. Because of Newton’s distinctive Global Thematic Investment approach, the fund management teams are able to confidently identify suitable investment opportunities throughout the region.

Newton Asian Income Fund

- First decile for income distributions over 1, 3 years and from launch¹

- The Fund benefits from Newton's renowned yield discipline approach to income investing

- The Newton Asian Income Fund aims to provide a yield at least 35% above that of the FTSE AW Asia Pacific ex Japan index. Individual Asian equities must have an above market yield at purchase, and will be sold if they fall to a 15% discount to the market

- Lack of external debt means Asia is not facing the funding crises prominent elsewhere. The progress of urbanisation drives growth in the region

- Good outlook for sustained income growth

- Focus on selecting stocks that benefit from economic growth in Asia and with potential for high and growing dividend yield

- Investment in efficient companies with a good business model and strong corporate governance policies

- Fund ratings: S&P AA, 4**** Morningstar and an OBSR A rating²

- The Fund benefits from Newton's renowned Global Thematic investment process and the deep research resources associated with a top tier investment house

¹Source: Lipper as at 30 September 2010. Income calculated net of UK tax and annual charges, but excluding initial charge. The impact of the initial charge, which may be up to 4%, can be material on the performance of your client's investment.

²Source: Fund ratings S&P, OBSR, Citywire, Morningstar as at 31/07/10

Newton Balanced Fund

- A core portfolio holding for long-term investors

- One of the longest established funds in the sector

- A highly diversified multi-asset portfolio, typically holding 120 securities with a minimum 15% exposure to cash and bonds

- Amongst the largest funds in the IMA Balanced Managed sector

- The Fund benefits from Newton's renowned Global Thematic investment process and the deep research resources associated with a top tier investment house

- Fund ratings: S&P AAA, OBSR AA, 5**** Morningstar and Iain Stewart is 'AAA' rated by Citywire ¹. Iain Stewart is a Trustnet Alpha Manager who has maintained a consistently high alpha score over a track record in rising and falling markets²

¹Source: S&P, OBSR, Morningstar, Citywire as at 31/07/10

²Source: Trustnet Alpha Manager as at 13/09/10

Newton Cautious Managed Fund

- Actively managed for optimal balance between bonds and equities to fully utilise the benefits inherent in each asset class

- Ability to switch between asset classes - no minimum equity holding but asset allocation changes are gradual and conservative to manage volatility and boost returns

- The Fund provides a cautious route to potential gains from the stock market with attractive positioning in an uncertain and low growth environment

- Quarterly income distributions with an estimated annual yield of 4.1%¹

- The Fund benefits from Newton's renowned Global Thematic investment process and the deep research resources associated with a top tier investment house

¹Source: Lipper as at 31/07/10

Newton Continental European Fund

- A concentrated portfolio, typically holding 45-55 stocks, investing primarily in shares in companies located or listed in Europe (ex UK)

- A buy and hold approach to investing with scope for the fund manager to take a more opportunistic approach where appropriate

- A highly diversified multi-asset portfolio, typically holding 120 securities with a minimum 15% exposure to cash and bonds

- No strict market capitalisation bias, though typically investing in larger cap securities that have demonstrated greater and more stable earnings potential than lower cap stocks

- Offers the potential for stable diversification in investors' portfolios and access to a broad range of markets

- The Fund benefits from Newton's renowned Global Thematic investment process and the deep research resources associated with a top tier investment house

- European equity team has £1.1 billion of assets under management

- Fund manager Raj Shant has 19 years of investment experience focussing on European equities

- Fund ratings: S&P AA, 4**** Morningstar ¹

¹Source: S&P, Morningstar as at 31/07/10

Newton Corporate Bond Fund

- The Fund benefits from Newton's renowned Global Thematic investment process and the deep research resources associated with a top tier investment house

- Long term track record in managing global bonds

- Experienced Global Bond team who have £2.2 billion in assets under management¹

- Broad investment mandate and can invest overseas

- Monthly distributions

¹Source: Newton as at 31/03/10

Newton European Higher Income Fund

- Stock selection based on a strict yield discipline:

To be considered, stocks must yield at least 15% more than their domestic market Index yield

Equally, if a stock's yield declines to below their domestic market index levels, it is sold immediately

- Wide opportunity set - Europe has four times as many companies yielding more than 3% (with a market cap over €500m) as the UK¹

- The continent remains one of the richest regions in the world and also has three of the world's G7

- European countries are developing a dividend culture

- Experienced European equity team

- The Fund benefits from Newton's renowned Global Thematic investment process and the deep research resources associated with a top tier investment house

- S&P A rated¹

¹Source: Newton Research January 2010

²Source:S&P as at 31/07/10

Newton Global Dynamic Bond Fund

- Newton has a great deal of experience in Global Bonds with £2.2 billion in assets under management¹

- An unconstrained, actively managed multi-asset fixed income strategy

- Invests in a diversified universe of generally high yielding securities: government bonds, emerging market sovereigns, corporate - high yield and investment grade

- Flexibility enables investors to take an opportunistic approach and to benefit from changes as they arise in multiple markets

- Derivatives can be used, principally to manage duration

- The Fund benefits from Newton's renowned Global Thematic investment process and the deep research resources associated with a top tier investment house

¹Source: Newton as at 31/03/10

Newton Global Higher Income Fund

- First decile for income distributions over 1, 3 years and from launch¹

- The Fund offers UK investors a genuine opportunity to diversify their income investments into global markets, making it less reliant on the UK, or any single economy.

- Stock selection based on a strict yield discipline:

- To be considered, stocks must yield at least 25% more than the FTSE All World Index

- Equally, if a stock's yield declines to below market levels, it is sold immediately

- Of the world's top 500 companies, no fewer than 470 are based outside the UK and 90% of stocks yielding in excess of 3% are also based overseas²

- Provides an opportunity for currency diversification to investors worried about the outlook for sterling

- Combines Newton's experience as a global equity fund manager with a proven pedigree in Equity Income

- The Fund benefits from Newton's renowned Global Thematic investment process and the deep research resources associated with a top tier investment house.

- Fund ratings: S&P AA, OBSR A, 4**** Morningstar and James Harries is Citywire A-rated manager³. James Harries is also a Trustnet Alpha Manager who has maintained a consistently high alpha score over a proven track record in rising and falling markets

¹Source: Lipper as at 30 September 2010. Income calculated net of UK tax and annual charges, but excluding initial charge. The impact of the initial charge, which may be up to 4%, can be material on the performance of your client's investment.

²Source: Fortune Global 500

³Source: S&P, OBSR, Morningstar and Citywire as at 31/07/10

Newton Global High Yield Bond Fund

- The Newton Global High Yield Fund provides investors with monthly income

- Newton has a great deal of experience in Global Bonds with £1.8 billion in assets under management¹

- The Fund benefits from Newton's renowned Global Thematic investment process and the deep research resources associated with a top tier investment house

¹Source: Newton as at 31/03/10

Newton Global Opportunities Fund

- Experienced Global Equity team with £14.3 billion of assets under management¹

- Unconstrained by benchmark and actively managed

- Actively manages currency exposure to generate investment returns

- Enables clients to balance the total investment risk within their portfolio

- The Fund benefits from Newton's renowned Global Thematic investment process and the deep research resources associated with a top tier investment house

- Fund ratings: S&P A, 4**** Morningstar². Robert Hay is a Trustnet Alpha Manager who has maintained a consistently high alpha score over a track record in rising and falling markets³.

¹Source: Newton as at 30 June 2010

²Source: S&P and Morningstar as at 31/07/10

³Source: Trustnet Alpha Manager as at 13/09/10

Newton Growth Fund

- The Fund may be suitable for any UK investors with domestic equity market ambitions and aims to deliver lower volatility than both the FTSE All Share Index and the IMA UK All companies sector

- A concentrated portfolio of 30 to 60 holdings offering 100% UK exposure

- Dynamic stock selection right across the UK market cap spectrum to capture opportunities throughout the investment cycle

- The Fund benefits from Newton's renowned Global Thematic investment process and the deep research resources associated with a top tier investment house

- Fund ratings: S&P AA, 4**** Morningstar¹

¹Source: S&P and Morningstar as at 31/07/10

Newton Higher Income Fund

- Flagship Fund with an outstanding record of consistent income growth

- First decile for income distributions over 1, 3, 5 and 10 years¹

- Stock selection based on a strict yield discipline: To be considered, stocks must yield at least 15% more than the FTSE All-Share Index

Equally, if a stock's yield declines to below market levels, it is sold immediately

- The Fund's strong dividend focus aims to provide a degree of stability and downside protection during periods of economic uncertainty

- Re-invested dividends form a significant part of total returns investors receive from an equity investment (especially in a low return world).

- Although the Fund's investment focus is on high yielding blue chip UK equities 2/3rds of the weighted geographical sales exposure is generated from overseas²

- The Fund benefits from Newton's renowned Global Thematic investment process and the deep research resources associated with a top tier investment house

- Fund ratings: S&P A, OBSR A, 4**** Morningstar rating and Tineke Frikkee is a Citywire A rated manager,sup>3

¹Source: Lipper as at 30 September 2010. Income calculated net of UK tax and annual charges, but excluding initial charge. The impact of the initial charge, which may be up to 4%, can be material on the performance of your client's investment.

²Source: Latest company reports or results. Newton PEU Pan European (incl. UK) EU Europe, EM emerging markets. Other mature markets include Japan, Canada and Australia. Portfolio holdings are subject to change at any time without notice, are for information purposes only and should not be construed as investment recommendations.

³Source: Latest company reports or results. Newton PEU Pan European (incl. UK) EU Europe, EM emerging markets. Other mature markets include Japan, Canada and Australia. Portfolio holdings are subject to change at any time without notice, are for information purposes only and should not be construed as investment recommendations.

Newton Income Fund

- A core UK Portfolio holding with the ability to invest up to 20% in outstanding overseas opportunities

- A concentrated large cap, benchmark aware approach to UK Equities

- Manager conviction drives significant sector and stock positions

- The Fund benefits from Newton's renowned Global Thematic investment process and the deep research resources associated with a top tier investment house

- Fund ratings: S&P AA, OBSR A, 5***** Morningstar and Christopher Metcalfe is a Citywire A rated fund manager¹. Christopher Metcalfe is a Trustnet Alpha Manager who has maintained a consistently high alpha score over a proven track record in rising and falling markets²

¹Source: S&P, OBSR, Morningstar, Citywire as at 31/07/10

²Source: Trustnet Alpha Manager as at 13/09/10

Newton International Bond Fund

- Long-term track record in managing global bonds

- Experienced Global Bond team who have £2.2 billion in assets under management¹

- The portfolio is benchmark aware, but is not constrained

- Portfolio holdings ensure diversification among issuers and individual issues

- Invests predominantly in government bonds and other securities with a minimum credit rating of 'BBB'

- The Fund benefits from Newton's renowned Global Thematic investment process and the deep research resources associated with a top tier investment house

- Fund ratings: S&P AAv5, 4**** Morningstar²

¹Source: Newton, 31/03/10

²Source: S&P, Morningstar as at 31/07/10

Newton International Growth Fund

- Invests in high conviction stocks globally

- Above average exposure to developing markets and bias towards growth stocks

- A bottom-up stock picking strategy is used with 80% of active risk originating from the stocks

- Experienced Global Equity team with £15.8 billion of assets under management¹

- The Fund benefits from Newton's renowned Global Thematic investment process and the deep research resources associated with a top tier investment house

- Fund ratings: S&P AA, OBSR A²

¹Source: Newton, 31/03/10

²Source: S&P, Morningstar as at 31/07/10

Newton Managed Fund

- Very wide spread of investments across different markets and assets classes, bought together into one portfolio

- The diversified international portfolio offers a broad spread of risk, making your client less vulnerable to market volatility

- The Fund benefits from Newton's renowned Global Thematic investment process and the deep research resources associated with a top tier investment house

- Fund ratings: S&P AA, OBSR AA, 4**** Morningstar ¹

¹Source: S&P, OBSR, Morningstar as at 31/07/10

Newton Oriental Fund

- Over 20 years' experience managing Asian equities including a team of four Asian equity professionals

- Invests in both developed countries benefiting from the region's growth (Australia, New Zealand and Singapore), and developing ones (e.g. China, Taiwan and Korea)

- Focuses on quality companies with strength to survive and compete on a global level

- Exposure to Asia's growth industries. Selects stocks with growth potential but at reasonable valuations

- The Fund benefits from Newton's renowned Global Thematic investment process and the deep research resources associated with a top tier investment house

- Fund ratings: S&P AA, OBSR A and 4****

¹Source: S&P, OBSR, Morningstar as at 31/07/10

Newton Pan-European Fund

- Identifies and invests in stocks with the scope to demonstrate capital appreciation of at least 20%

- Experienced European equity team

- The Fund generally pursues a buy-and-hold strategy that seeks to profit from undervalued companies with strong fundamentals

- A high conviction portfolio, typically holding 30 to 45 stocks

- Focus on large cap investments that have been shown to have greater and more stable earnings potential

- The Fund benefits from Newton's renowned Global Thematic investment process and the deep research resources associated with a top tier investment house

- Fund ratings: S&P A, 4**** Morningstar

¹Source: S&P, Morningstar as at 31/07/10

Newton Phoenix Multi-Asset Fund

- Diversified across a broad range of investments to reduce risk and smooth out returns

- Seeking to outperform cash benchmark of LIBOR 1-month plus 2%

- The Fund benefits from Newton's renowned Global Thematic investment process and the deep research resources associated with a top tier investment house

- Fund ratings: S&P A rated¹

¹Source: S&P as at 31/07/10

Newton Real Return Fund

- A global multi-asset Fund with complete flexibility at the asset allocation level (subject to a 20% global sector holding limit). This allows the fund manager to move into defensive assets such as bonds in the event of falling share prices

- Unconstrained stock selection (subject to a maximum 5% in any one equity holding) which means the manager holds only those investments in which he has conviction

- Single fund solution allowing the fund manager greater control of risks in the fund, strategy, asset allocation stock selection and costs

- Aims for equity-like returns with reduced volatility

- The Fund benefits from Newton's renowned Global Thematic investment process and the deep research resources associated with a top tier investment house

- Management team of over 60 investment professionals who manage in excess of £41 billion¹

- The Fund has the longest track record and is the only S&P AAA rated fund in the IMA Absolute Return sector²

- Fund ratings: S&P AAA, OBSR A, 5***** Morningstar and Iain Stewart, the lead manager, has been awarded a Citywire AAA rating. Iain Stewart is a Trustnet Alpha Manager who has maintained a consistently high alpha score over a track record in rising and falling markets³

¹Source: Newton as at 30 June 2010

²Source: S&P as at 13/09/10

³Source: Trustnet Alpha Manager as at 13/09/10

Newton UK Opportunities Fund

- Flexible investment approach - the fund manager is not restricted by sector, market capitalisation or index weightings and is free to invest in the very best house ideas

- A concentrated portfolio of the 30-40 'best ideas' generated by Newton's extensive team career analysts

- Stock selection is driven purely by company fundamentals meaning that the fund manager is never a 'forced buyer'

- The Fund has a 'buy and hold' philosophy - it does not take short-term positions in companies

- There is a disciplined approach to disposals. Once a company meets the fund manager's price target - or its circumstances suffer a material change - the Fund sells out entirely and recycles the proceeds into the best new ideas from Newton's analysts

- Potential to include up to 20% in overseas stocks as opportunities arise as well as the ability to invest in compelling UK small and mid cap companies

- The Fund benefits from Newton's renowned Global Thematic investment process and the deep research resources associated with a top tier investment house

- Fund ratings: S&P AA, 5***** Morningstar, fund manager Ben Russon is Citywire A rated¹. Ben Russon is also a Trustnet Alpha Manager who has maintained a consistently high alpha score over a track record in rising and falling markets²

¹Source: S&P, Morningstar, Citywire as at 31/07/10

²Source: Trustnet Alpha Manager as at 13/09/10