DISC 7.2 Past performance graph

The line graph must be accompanied by: 

1. (1) a prominent warning to the retail investor explaining that past performance is not a guide to future performance;
2. (2) where the relevant period is 1 year or less, a warning that the performance shown is for a short period of time and that it will not necessarily be representative of the performance of the consumer composite investment in the longer term; and
3. (3) the information in DISC 7.1.5R.

Where the relevant period for a consumer composite investment comprises less than 3 months, the manufacturer preparing the product summary may:

1. (1) opt not to prepare a line graph; and
2. (2) if so, state in the product summary that there is insufficient performance information to usefully illustrate the performance of the consumer composite investment.

1. (1) The line graph must show the performance of a hypothetical investment amount in the consumer composite investment invested at the start of the relevant period for the duration of that period with at least 1 datapoint for the last day of each month during the relevant period.
2. (2) The investment amount referred to in (1) must:
   1. (a) where the consumer composite investment is priced or denominated in pounds sterling, be £10,000; or
   2. (b) where the consumer composite investment is priced or denominated in a currency other than pounds sterling, be an amount of the other currency of a similar magnitude to £10,000 which is cleanly divisible by 1000.
3. (3) The past performance shown in (1) must be net of any costs and charges for that consumer composite investment.
4. (4) Where the consumer composite investment is a with-profits insurance contract, the performance shown in (1) must include the effect of any bonus amount or market value reduction during the relevant period.
5. (5) For the purposes of (4), a bonus amount or market value reduction is an adjustment to a retail investor's investment return under a mechanism in the with-profits insurance contract for the purpose of evening out the effect of volatility on investment returns.
6. (6) Where DISC 7.1.1R(5) applies, the manufacturer preparing the product summary may add a separate line graph comparing historical share prices against historical net asset value per share over the relevant period. 

The line graph must meet the following requirements:

1. (1) it must be legible;
2. (2) the units:
   1. (a) on the Y-axis must be the currency in which the consumer composite investment is priced; and
   2. (b) on the X-axis must be calendar years (or parts thereof); and
3. (3) the scale of the Y-axis must:
   1. (a) be linear; and
   2. (b) not be logarithmic; and
4. (4) values showing amounts of currency must be rounded to whole numbers.