These ISA’s mainly invest in equities (shares) within the North American market place and aim to provide either growth, income or a combination of the two.

ISA Name	Standard Initial Charge (SIC)	Our Initial Charge*	Initial Commission	Saving on £7,200 invested**	Fund Managers AMC	Morning Star Rating1	S&P Rating2	More Info	Buy
LeggMason US Smaller Companies	4.25%	0.25 %	0%	£288	1.5%		A
Schroder US Smaller Companies Acc	5.25%	0 %	0%	£378	1.5%		AA
Schroder US Smaller Companies Inc	5.25%	0 %	0%	£378	1.5%		AA

ISA Name	Standard Initial Charge (SIC)	Our Initial Charge*	Initial Commission	Saving on £7,200 invested**	Fund Managers AMC	Morning Star Rating1	S&P Rating2	More Info	Buy
Allianz RCM US Equity Fund Acc	3%	0 %	0%	£216	1.5%		AA
Baillie Gifford American Fund A Acc	5%	2 %	0%	£216	1.5%		AA
Fid FIF American Fund	3.5%	0.5 %	0%	£216	1.5%		A
Fid FIF American Special Situations Fund	3.5%	0.25 %	0%	£234	1.5%		A
Franklin Mutual Shares Fund Acc	4%	1 %	0%	£216	1.5%		AA
Franklin Mutual Shares Fund Inc	4%	1 %	0%	£216	1.5%		AA
Investec American Fund	4.5%	1.5 %	0%	£216	1.5%		AA
JPM US Fund	4.25%	0 %	0%	£306	1.5%		AA
M&G American Fund A Acc	4%	0 %	0%	£288	1.5%		AA
M&G American Fund A Inc	4%	0 %	0%	£288	1.5%		AA
Martin Currie North American Fund	5%	0.5 %	0%	£324	1.5%		AA
BlackRock US Dynamic Acc	5%	1 %	0%	£288	1.5%		AA
BlackRock US Dynamic Inc	5%	1 %	0%	£288	1.5%		AA
Schroder US Small & Mid Cap Acc	5.25%	0 %	0%	£378	1.5%		AA
Schroder US Small & Mid Cap Inc	5.25%	0 %	0%	£378	1.5%		AA
Standard Life American Eqty Unconstraind	4%	0 %	0%	£288	1.5%		A
Threadneedle American Fund	3.75%	0.75 %	0%	£216	1.5%		AA
Threadneedle American Select Fund	3.75%	0.75 %	0%	£216	1.5%		AA

* The Initial Charge after 100% of initial commission has been rebated and including any fund manager discounts, if applicable.

** Saving on £7200 ISA investment through SFS Invest Direct. Figures accurate as at 01 January 2009.

¹ 'Morningstar rates investments from one to five stars based on how well they've performed in comparison to similar investments, after adjusting for risk and accounting for all relevant sales charges.' Source Morningstar

² 'Standard and Poor's Fund Services offers qualitative assessment of over 1,300 funds and the highest quality research on investment management capabilities. A team of 45 experienced analysts investigates and monitors long-only equity funds, fixed income funds, funds-of-hedge-funds and absolute return funds. The Fund Services methodology identifies the process, research skills, team strength and group solidity that lies behind the long-term outperformance of leading funds in each market and sector. Those that come through the process successfully carry a rating of quality recognised throughout the investment world.' - Source Standard & Poors

Position in the highly rated funds on the Fundsnetwork platform, December 2008. Based on gross funds placed under management, excluding funds re-registration. (Source Fundsnetwork).