Standard Life Moderate Portfolio

The objective of this Portfolio is to generate income and moderate long-term capital growth. The Portfolio primarily invests in a diversified mix of funds, with a focus on fixed income funds. The Moderate Portfolio is ideal for securityholders who are willing to accept a below average level of investment risk, who are comfortable with global investment risk and who are seeking long-term capital growth.

Downloads: Quarterly Portfolio Disclosure

We reserve the right to modify, without prior notice, the tactical mix, percentage range and choice of funds as long as the change respects the objectives of the portfolio.

Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

This summary is provided for information purposes only and is current as of September 30, 2010.