FICTIONAL DOCUMENT FOR PRACTICE - no reference to real people, companies or records

PRODUCT SUMMARY

Purpose: this document gives you key information about this investment. It is not marketing material.

Product: Alpha Balanced Global Fund - Class A
Manufacturer: Alpha Fund Managers Ltd (fictional company). Date of this product summary: 15 April 2026.

WHAT IS THIS INVESTMENT?
Type: open-ended investment company (UK UCITS scheme).
Objectives: capital growth over the medium term. The fund invests between 40% and 60% in international shares and the rest in government and corporate bonds, mainly in pounds sterling. Actively managed against a benchmark made of 50% MSCI World and 50% a sterling aggregate bond index.
Intended investors: investors with basic knowledge, who can bear losses and have a horizon of at least 5 years.

RISK AND RETURN
Risk and return score: 4 on a scale of 1 (lower risk) to 10 (higher risk).
Recommended holding period: 5 years. The risk can be higher if you sell before the end of the recommended period.

WHAT HAPPENS IF ALPHA FUND MANAGERS LTD IS UNABLE TO PAY OUT?
The fund's assets are kept separate from those of Alpha Fund Managers Ltd.

PAST PERFORMANCE
Yearly return of the fund, in pounds, after ongoing costs, transaction costs and any performance fee (the entry charge is not included). In the original document these figures are shown as a line graph of the value of £10,000 invested.
2016: +9.8%
2017: +6.1%
2018: -5.2%
2019: +12.4%
2020: +4.3%
2021: +8.9%
2022: -11.6%
2023: +7.2%
2024: +6.5%
2025: +3.9%
Past performance does not predict future returns. Returns can go down as well as up, and you may get back less than you invested.

WHAT ARE THE COSTS?
Ongoing costs figure: 1.60% a year (£160 a year on £10,000 invested). This covers the management fee and the other administrative and operating costs.
Transaction costs: 0.15% of the value of your investment a year (£15 on £10,000).
Performance fee: 20% of the return above the benchmark. The actual amount varies; the average over the last 5 years was 0.20% a year (£20 on £10,000).
One-off costs: entry charge 2.00% of the amount you invest (£200 on £10,000). Exit charge: none.

HOW LONG SHOULD I HOLD IT? CAN I TAKE MY MONEY OUT EARLY?
Recommended holding period: 5 years. You can sell your units on any business day, with no exit charge.