Reporting status and equalisation

The information listed below shows how much of each Smith & Williamson fund's NAV is income and how much is capital on each dealing day.

Key Investor Information Documents

The Smith & Williamson funds mentioned below are currently registered with HM Revenue & Customs as Reporting funds. For full details of authorisation dates please refer to HMRC's website using the following link:

http://www.hmrc.gov.uk/collective/rep-funds.xls

There are two Smith & Williamson funds that are not listed below; MM Cautious Growth Fund and Enterprise Fund as these funds did not produce any income attributable to investors during the periods set out below.