AppendixA:Questionnairesenttomanagers

Person completing this questionnaire

Date completed

In relation to all funds appearing on the front cover of this questionnaire, please complete all sections in full

1.Business

1.1 Company name

1.1.1 Please provide the full legal name of the funds management firm:

1.2 Ownership structure/major shareholders

1.2.1 Please outline the ownership structure of the firm, identifying any major or cornerstone shareholders:

1.2.2 Please identify and explain if there have there been any significant changes in the organisational structure of the firm in the last 12 months and three years:

1.3 Staff

1.3.1 Please state the number of staff in the firm (by department and in total):

1.3.2 Please indicate the approximate staff turnover percentages (by department and in total) over the last 12 months and 3 years and add any comments, as appropriate, in relation to these turnover numbers:

1.4 Adviser support services provided

1.4.1 Please describe the general support or services you currently provide to advisers and investment committees recommending these funds, along with any additional support or services you plan to offer over the next 12 months:

2.Fund(s)

2.1 Investment/fund managers

2.1.1 Please identify the name of the individual or individuals that have primary management responsibility for each identified fund, along with their overall experience:

2.1.2 Please identify the tenure of each of these managers with the funds they are managing:

2.1.3 When key funds management personnel change, how do you notify investors and advisers of the change and within what timeframe?:

2.2 Investment mandate

2.2.1 For each fund, please describe the ability of the manager to deviate (if at all) from the prescribed mandate:

2.2.2 For each fund, please identify the specific controls that exist to ensure that a manager does not or cannot breach their prescribed mandate:

2.3 Investment assets

2.3.1 For the identified funds, please advise the annual change in assets under management quarter by quarter for the last three years:

2.3.2 For the identified funds, please advise the annual net inflow/outflow of assets quarter by quarter for the last three years

2.4 Performance

2.4.1 Please provide a comparison of the performance of the identified funds against their documented benchmarks over the recent one, three and five year periods:

2.4.2 Please provide a comparison of the risk adjusted return (Sharpe ratio) of the identified funds and their documented benchmarks over the recent three year period:

2.5 Best execution

2.5.1 What is your estimate of the annual costs incurred by each fund due to trading and brokerage costs?:

2.5.2 What is your policy for assuring best trade execution? Are you able to provide any independent verification of best execution?:

2.6 Trade compliance

2.6.1 Please detail the pre-trade and post-trade compliance processes that your firm follows and any technology that you utilise to assist with these processes:

2.7 Trading errors

2.7.1 How many trading errors have you documented in each identified fund in the past 12 months?:

2.8 Liquidity monitoring

2.8.1 Please detail how you monitor the liquidity of your funds and what stress testing you perform:

2.9 Proxy voting

2.9.1 What are your policies for proxy voting on behalf of shareholders?:

2.9.2 Do your proxy voting policies require that you always vote in a manner that you believe is in the exclusive best interests of shareholders? If not, why not?

2.10 Fees

2.10.1 What ability does the fund manager have to increase fees for the funds they manage?:

2.10.2 What process would be followed in order to increase fees?:

2.10.3 What notice would investors/advisers receive of a pending increase in fees?:

2.11 Third party ratings

2.11.1 What independent agencies (such as Morningstar, Lipper, adviser publications, etc) currently have a published rating on any of the funds identified in this questionnaire?

2.11.2 Please summarise a complete list of the current ratings per fund:

3.Reporting

3.1 Reports

3.1.1 Please describe and provide examples of all fund reports provided to investors/advisers (if multiple funds provide the same suite of reports, then please provide one full suite of reports in an appendix to this questionnaire and indicate which funds replicate this same reporting suite):

3.1.2 For each report, please identify who compiles the report along with when, and how often, the report is updated:

3.2 Requests for information

3.2.1 What is your system/process for responding to requests for information from investors/advisers?:

3.2.2 What is the expected response time for acknowledging questions and requests for information from investors/advisers?

3.3 Investment education

3.3.1 What information or materials do you provide to investors/advisers to explain key investment decisions and the factors considered in making them?:

3.3.2 What additional information or materials (if any) are provided to advisers to enable them to monitor the actions of the fund managers?:

4.Other

4.1 Insurance

4.1.1 Please detail your insurance you have in place, what liabilities they insure and why you feel this level of insurance cover is sufficient/best practice?

4.2 Insolvency

4.2.1 Detail the security investors have in place against your firm’s insolvency:

4.2.2 If your firm was to become insolvent, please detail the process that would be followed in respect of the management of each of the underlying funds:

4.3 Independent verification

4.3.1 What company audits your fund management firm, and to what independent standard?

4.4 Regulatory reviews

4.4.1 When was your firm’s last regulatory inspection by your local regulator? Please provide or attach a summary of the inspection results.

4.5 Business continuity

4.5.1 Do you have an up-to-date business continuity plan (BCP), and when was this plan last enacted in any material aspect?

4.5.2 Is your BCP available for us to view on request?