• An income focused fund, managed with a ‘total return’ investment strategy
• Exposure to the fast-growing economies of Asia, including China, Hong Kong, Singapore and Taiwan
• Although the fund objective is to pay an above market dividend yield, the manager also looks to fully participate in the pursuit of dividend and capital growth
• The fund currently pays a historic net yield of 3.4%*. However, based on Bloomberg projections, had the current fund positions been held over the previous 12 months, the estimated historic yield for investors would be 4.3%**
• The fund is classed as a UCITS III ‘sophisticated’ investment vechicle, allowing it to use derivatives in order to enhance income
• Fund manager Mike Kerley currently manages more than £450 million*** (at 31 December 2009) across a number of different income-focused investment vehicles
• Henderson New Star is one of first UK-based investment houses to recognise the long-term potential of Asia as a serious alternative for traditional investors in UK equity income funds.

Past performance is not a guide to future performance. Due to exposure to overseas companies the value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. *This yield is based on historic dividend data for the portfolio as at 31/12/09. It is net of estimated tax and expenses. It is not guaranteed and will vary. We have included an estimated yield because of the changes to the investment objective made in November 2009. As a result of the portfolio changes we believe the historic yield generated on the previous portfolio is no longer reflective of the new portfolio. We will revert to the standard yield calculation once there is sufficient historic data. **Source: Bloomberg, estimated historic yield based on period 31 December 2008 - 31 December 2009. ***Source: Henderson Gobal Investors at 31 December 2009.

• An asset allocation solution that does the hard work for clients and advisers alike
• Winner of the ‘Top Cautious Managed Fund’ in the 2009 Moneywise Pension Awards
• Bill McQuaker is AA rated by Citywire, A rated by OBSR, and ‘Alpha Fund Manager’ rated by Trustnet*

• Strong performance - First quartile performance over one, two, three, four and five years*†
• Flexibility - Actively managed portfolio with flexibility to find investment opportunities from all areas of the fixed income market
• Income focused - Aims to deliver a high level of income paid quarterly
• Active asset allocation - Management of the fund’s duration (bond price sensitivity to interest rate changes) to help protect against rising interest rate risk
• Expertise - Fund managers John Pattullo and Jenna Barnard plus access to one of the UK’s largest fixed income teams

†1st quartile means the fund is ranked in the top 25% of funds in its sector
*Source: Morningstar at 29 January 2010 based on a cumulative performance, on a nav to nav basis, net income reinvested, GBP