A The ongoing charges figure within your recent statement has been calculated in accordance with European legislation for Packaged Retail and Insurance based Investment Products (PRIIPS), this is the same method we use to provide an estimate based on historic costs in the Key Information Document (KID). The ongoing charges figure on your statement will differ to the figure included in the factsheet as the methods of calculation differ. The PRIIPS ongoing charges figure includes transaction costs (i.e. buying and selling of assets within the Trust’s Portfolio) and other charges which are not included in the factsheet ongoing charges figure. Due to the difference in the calculation method between the two figures there may be significant differences, however, it is important to remember that there are no new charges. Your statement just presents them in a different way (as prescribed by regulation) to the factsheet in an attempt to make all the costs within the trust more transparent to investors.