Risk factors

All investments carry an element of risk. Please bear in mind that:

• Unit trusts are designed as medium to long term investments of, ideally, at least five years.
• Both capital and income values may fall as well as rise and are not guaranteed. You may not get back the money you invested.
• These unit trusts invest in fixed interest securities (corporate or government bonds). This means they are sensitive to interest rate trends. An increase in medium to long term interest rates is likely to reduce the value of your investment.
• In order to generate a high level of income, the Managed Income ISA and the Managed Monthly Income ISA invest in bonds with higher yields, but which also carry a significant risk to capital.
• As the Monthly Income Trust and Managed Monthly Income Trust may invest overseas, changes in exchange rates between currencies may cause the value of your investment and the level of income to rise or fall.
• Each trust has its own objectives and risk factors. These are detailed in the Key Information document (including Simplified Prospectus) which can be downloaded from the right-hand side menu. Before you decide to invest, you must read these documents.