Source: Morningstar. Copyright 2008, Morningstar Inc. www.funds.morningstar.com. The performance shown is at fund level (Class A Shares) and does not include a sales charge. Had a sales charge been included returns would have been lower. Figures shown assume reinvestment of all dividends and capital gains unless otherwise noted.

Fund statistics are measured against the benchmark where relevant for the 3 year period to latest month end. Alpha is a measure of a funds risk relative to the benchmark. Beta measures the volatility, or systematic risk, of a fund in comparison to the benchmark. Standard deviation, or volatility, measure the dispersion of returns for a fund. Sharpe ratio measures risk-adjusted performance. Information ratio measures risk-adjusted performance relative to the benchmark. R-squared measures the percentage of a fund's movements that are explained by movements in the benchmark.

Small and mid-cap stocks are more volatile than large-cap stocks. There are additional risks associated with international investing, such as currency fluctuations, economic and political instability, and more volatile markets. These risks may be greater in emerging markets. Sector funds are generally not as diversified as most mutual funds, and as a result tend to be more volatile. It is possible to lose money by investing in a money market fund.

Skandia Global Funds PLC is a Variable Capital Investment Company established in the Republic of Ireland. Investors in the funds of the Company receive shares in the Company. Funds established in the Republic of Ireland are not subject to any Income Tax, Capital Gains Tax or Withholding Tax within the Republic for Investors who are not Irish residents. Each investor in Skandia Global Funds must be at least 18 years of age and may be subject to Income, Capital Gains, Withholding, or Estate Taxes/Regulations within their country of residence. Please consult a tax advisor before investing.

Skandia Global Funds is regulated by the Irish Financial Services Regulatory Authority, which has authorised the Company as an Undertaking for Collective Investment in Transferable Securities (UCITS). UCITS Funds are funds which meet the terms and conditions of the European Union UCITS Directive, which allows them to be distributed throughout the European Union.

Skandia Global Funds has not been registered under the United States Investment Company Act of 1940, as amended, nor the United States Securities Act of 1933, as amended. None of the shares may be offered or sold, directly or indirectly in the United States or to any US Person. A US Person is defined as (a) any individual who is a citizen or resident of the United States for federal income tax purposes; (b) a corporation, partnership or other entity created or organized under the laws of or existing in the United States; (c) an estate or trust the income of which is subject to United States federal income tax regardless of whether such income is effectively connected with a United States trade or business.

This material is authorised for use only when preceded or accompanied by a current prospectus. Mutual funds are sold by a prospectus, which contains complete information on risk factors, fees, and surrender charges that may apply. Please read the prospectus carefully before you invest or send money. The investment return and principal value of a mutual fund will fluctuate with changes in market conditions.

Past performance is no guarantee of future results. There is no assurance the fund will achieve its investment objective.