We've written this fund factsheet assuming you have some experience of investing. This means that although we have tried to write as much as possible in plain language, we may have used certain words or phrases that might not be familiar to you, particularly if you are new to investing. Its purpose is to help you understand how the fund is invested and performing. You should not use it on its own for making investment decisions. It is not an offer to buy or sell any investments or shares. If there's something you don't understand, please contact your adviser. If you don't have an adviser, please call us, we can help you find one near you. Zurich BlackRock Euro Liquidity First ZP October 2014 Fund objective Zurich fund information (as at 30/09/2014) The fund aims to provide an investment return in Sterling based on a wide range of Euro denominated money market instruments. This will be achieved by investing in a Euro denominated money market fund. The value of the Euro denominated fund will be converted to Sterling daily. Launch date Single price Fund size (£m) ABI Sector Fund charges* SEDOL 10/05/2010 455.40p 0.2 (as at 30/09/2014) Money Market 0.13% B64GRS2 SEDOL codes © London Stock Exchange, reproduced under license Mex ID ISIN code Crown rating ADBRLQ GB00B64GRS24 The Zurich fund invests in BlackRock Euro Liquidity First Information for BlackRock Euro Liquidity First (as at 30/09/2014) Launch date Fund size (£m) SEDOL 15/02/1999 19636.1 (as at 30/09/2014) B4004M7 SEDOL codes © London Stock Exchange, reproduced under license Fund management company Fund manager Crown rating BlackRock Inv Mgt (Dublin) Ltd Bea Rodriguez Top holdings (as at 31/07/2014)** TRI-PARTY JP MORGAN SECURITIES PLC 05/08/2014 TRI-PARTY JP MORGAN SECURITIES PLC 04/08//2014 COOPERATIEVE CENTRALE RAIFFEISEN-B MTN 22/07/2015 CREDIT SUISSE (SYDNEY BRANCH) 31/10/14 FRANCE(GOVT OF) 0% BDS 14/08/14 EUR1 TRI-PARTY BNP PARIBAS 01/08/2014 TRI-PARTY JP MORGAN SECURITIES PLC 01/08/2014 TRI-PARTY BNP PARIBAS 04/08/2014 TRI-PARTY DEUTSCHE BANK AG 01/08/2014 TRI-PARTY JP MORGAN SECURITIES PLC 04/08/2014 Fund features The fund invests in assets which tend to produce more stable returns in Euros. The fund is valued daily in Sterling so the return will also reflect currency movements. Over the long term if exchange rates remain constant the fund will give lower but steady growth with some fluctuation in value. When interest rates are low the return from the assets may be less than the charges which can cause the value to fall. Exchange rate fluctuations will also increase or decrease the value of the fund making the return less stable. Unless held as part of a personalised portfolio invested to achieve an overall balance of risk and return, this fund is more suited for shorter term investment. Investing solely in this fund for the longer-term may result in a lower return than a bank or building society savings account. Asset split 1 (as at 31/07/2014)** Money Market 100.0% Asset split 2 (as at 31/07/2014)** Commercial Paper 31.0% Money Market 30.0% Certificates of Deposit 10.0% Asset Backed Commercial Paper 8.0% Floating Rate Notes 8.0% Government Bills 8.0% Time Deposits 5.0% 5.02% 4.19% 3.56% 2.51% 2.21% 2.09% 2.09% 2.09% 2.09% 2.09% * These are the charges that are deducted within the unit price. Other charges which reduce the number of units you hold may apply. For further information please refer to your Terms and Conditions. ** Zurich sources its funds data from Financial Express. The date shown reflects the last available regional, sector and asset breakdown data provided by the fund's administrator to Financial Express. The timeliness of this data is affected by the speed and regularity of their publication by the fund administrator. Zurich BlackRock Euro Liquidity First ZP October 2014 Things you need to know We've based this information on our current understanding of law and practice. We make every effort to ensure that this information is helpful, accurate and correct but it may change or may not apply to your personal circumstances. Before taking any action you should always check with an appropriate adviser, as we cannot accept responsibility for any action taken on the basis of this information alone. All funds carry some risk and you should consider these before making any investment decision. Investment returns are not guaranteed and the value can fluctuate. The main factors which may increase the risk of this fund include: • The amount held in money market instruments other than cash deposits • The rate of exchange from Euros to Sterling. • The amount held in assets outside the European Union For further information about this fund please refer to the charts on page one. For more explanation and useful information about investments, please refer to our guide -"Making investments clearer a guide for you". This as well as current fund prices and performance is available at the website address below. Cumulative fund performance (as at 30/09/2014) % growth 6 mths 1 year 3 years 5 years 10 years -6.12% -6.87% -9.86% - - Discrete fund performance (as at 30/09/2014) 30/09/2009 - 30/09/2010 - 30/09/2011 - 30/09/2012 - 30/09/2013 30/09/2010 30/09/2011 30/09/2012 30/09/2013 30/09/2014 % growth - 1.53% Annualised fund performance (as at 30/09/2014) -7.50% 4.64% -6.87% 3 year statistical fund data (as at 30/09/2014) 3 year -3.40% Monthly volatility 1.65% 5 year - Best 3 month return 6.58% 10 year - Worst 3 month return -5.07% Discrete performance of ABI primary fund* (as at 30/09/2014) 30/09/2009 - 30/09/2010 - 30/09/2011 - 30/09/2012 - 30/09/2013 30/09/2010 30/09/2011 30/09/2012 30/09/2013 30/09/2014 % growth - 0.79% -8.20% 4.10% -7.07% 0.08% 0.06% 0.01% 0.02% -0.18% Quartile - 1 4 1 4 Rank - 19/191 190/191 4/196 200/201 Sector Average * This data shows the performance of the primary unit series for the fund. The primary unit series is the series of the fund that applies to most customers. Performance of ABI primary fund (since launch to 30/09/2014) 6 4 Primary fund for Zurich BlackRock Euro Liquidity ZP Money Market 2 0 -2 -4 -6 -8 -10 -12 Jul 10 Oct Jan 11 Apr Jul Oct Jan 12 Apr Jul Oct Jan 13 Apr Jul Oct Jan 14 Apr Jul 10/05/2010 - 30/09/2014 Powered by data from FE 0800 030 4428 www. zurichcorporatepensions.info Source: Financial Express as at 30/09/2014. You shouldn't use past performance as a suggestion of future performance. It shouldn't be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise and will be reduced in real terms by the effects of inflation. You may not get back the amount you invested. HM Revenue and Customs (HMRC) practice and law are complex. Tax concessions are not guaranteed, their value will depend on individual circumstances and may change in the future. Fund performance data is based on a single price basis and doesn't take into account fees and expenses which are specific to individual plans. Details are available on request. Zurich Assurance Ltd. Registered in England and Wales under company number 02456671. Registered office: The Grange, Bishops Cleeve, Cheltenham, GL52 8XX. We may record or monitor calls to improve our service.