Quarter 2 2016 ffgeneral Fund Manager Asset Classes Multi Manager Funds 6 The Magnet Range Magnet Portfolio Regions Covered Diversification Overall Risk Rating 8 Fund Management Charge 0.95% 5 Fund Objective Magnet Portfolio is part of our Magnet Range of target risk portfolio funds. It uses a multi-asset, multi-manager approach and could be described as a medium to high risk fund. Its value can go down but in normal market conditions, we would expect that any losses would be less than those associated with equity type investments. This fund has a significant exposure to equity markets but also diversifies across other growth assets such as commercial property, commodities and currency strategies. It has some exposure to defensive assets such as Government and corporate bonds. Magnet Portfolio may invest in any of the active, passive or absolute return funds available across the Friends First range of funds. Since March 2013, the objective of the fund has been aligned with the European Securities and Markets Authority Risk rating of 5. This means that from that date its objective is to maximise returns whilst keeping its 5 year annualised volatility within a range of 10% to 15% a year. Fund Performance 12.00 8.00 4.00 0.00 -4.00 Risk Performance 7.47% a year 2.29% 0.97% a year 12 month annualised volatility 13.19% 3 year annualised volatility 9.22% -2.79% -8.00 Quarter 2 1 Year 3 Years Since Launch Year Jan Feb Mar Apr May Jun 2016 -3.43% 0.29% 1.39% 1.30% 1.59% -0.60% 2015 4.31% 3.53% 2.07% -0.92% 2.00% -3.44% 1.75% -5.73% -2.93% 5.84% 2.43% -4.11% 4.11% 2014 -1.65% 1.76% 0.24% 0.24% 1.74% 1.18% 0.52% 1.48% 1.34% 0.52% 2.21% 0.68% 10.70% 2013 0.32% 0.87% 2.20% 0.41% 0.64% -4.05% 1.71% -0.63% 1.95% 2.54% 1.01% 0.38% 8.78% 2012 3.01% 1.20% -1.09% -1.01% -1.25% 1.16% 4.81% -0.51% 0.11% -0.48% 1.16% 1.08% 9.45% 2011 -0.08% 1.34% -1.50% 0.99% -0.43% -2.59% 1.32% -6.63% -2.24% 4.14% -2.27% 3.22% -5.09% 2010 -0.0107 0.27% 0.0502 -0.05% -1.90% -0.02% 0.98% 0.81% 2.25% 7.67% Asset Split Jul Aug Sep Oct Nov Euro Equity 3.3% -0.84% 1.69% 0.87% 7.8% Global Ex Euro Equity 29.6% Developed Global exEuro Equity 5.1% Commercial Property 13.5% Emerging Markets Equity EuroCorporate Govt. Bonds 22.5% Bonds 9.9% Euro 7.6% 29.9% Euro Corp Bonds Commodities 9.7% Property 9.7% Absolute Return - Fund of Funds Abs RetReturn - Currency 6.7% - Currency 7.0% Absolute FFGENERAL 8 YTD 0.45% Commodities 1.9% Equity 13.2% Euro Asset Split Dec 10.0% Abs Ret - Market Neutral 9.8% Abs Ret - Global Bonds 2.9% Cash 3.3% Euro Equity 7.8% Global Ex Euro E 1.9% Commodities 5.1% Commercial Pro Component Funds ffgeneral Asset Class 22.5% Euro Govt. Bond Weighting Quarter 2 Perf Explorer (Emerging Markets) 7.06% 6.50% Indexed Eurozone Equity 5.39%6.7% Abs Ret - Curren -2.50% Indexed Global (Ex Euro) Equity 5.73% 10.0% 3.99% Abs Ret - Marke International Equity 15.74% 1.13% 4.26% -3.36% Global High Yield Equity 2.9% Cash 13.41% 1.07% Emerging Markets High Yield Equity 4.66% 3.15% Fixed Interest European Corporate Bond 9.89% 1.39% Commodities Optimum Yield 7.56% 15.38% Property Irish Commercial 22.5% 4.92% 1.96% 4.73%6.7% Alder -1.83% 8.01% 10.0% 5.47% Insight Equities Fund Manager Euro Eurozone High Yield Equity 3.3% 9.8% Abs Ret - Global Equity 7.8% Global Ex Euro Equity 1.9% Commodities UK Select Absolute Return 5.1% Commercial Property Euro Govt. Bonds 29.9% Euro Corp Bonds Insight Currency 6.7% Abs Ret - Currency Magnet Absolute 10.0% Abs Ret - Market Neutral 9.8% Abs Ret - Global Bonds Fund Manager Diversification 2.9% 29.9% Euro Corp Bond 74.4% 4.2% 9.67% 2.8% 1.9% F&C KBI Capital Investm New Fund SSgA Deutsche Bank Cash Fund Manager Split Fund Manager Style Split 74.4% F&C 25.6% BMO 4.2% KBI 22.3% KBI 6.7% 7.0% Alder Capital Alder Capital 11.1% SSgA 10.0% Insight Investments 7.6% Deutsche Bank 19.3% 2.8% Friends First SSgA 7.1% LGM Investments 1.9% 26.5% Absolute Return 16.7% Absolute Return 72.2% 70.7% Actively Manag Actively Managed 11.1% Passive Funds 2.8% Passive Funds Deutsche Bank Warning: Past performance is not a reliable guide to future performance. Warning: The value of your investment may go down as well as up. Warning: Funds may be affected by changes in currency exchange rates. Absolute Return 26.5% Warning: If you invest in this product you may lose some or all of the money you invest. 70.7% Actively Managed Friends First is part of achmea. Friends First Life Assurance Company dac is regulated by the Central Bank of Ireland. Information source: Friends First, asset information as at 30.06.2016/performance details as at 01.07.2016 unless otherwise stated. The information in this leaflet is intended for use by retail investment customers and is based on our understanding of current law and Revenue practice. 2.8% Passive Funds 9