FACTSHEET 31 May 2017
Pension Fund
Scottish Widows Pension Portfolio Two Pension (Series 2)
Asset Allocation (as at 31/03/2017) ■ UK Equities ■ Europe ex UK Equities ■ US Equities ■ Global Emerging Market Equities ■ Japanese Equities ■ Global Fixed Interest ■ UK Fixed Interest ■ Australian Equities ■ Other ■ South Korean Equities The composition of asset mix and asset allocation may change at any time and exclude cash unless otherwise stated
20.6% 17.8% 17.2% 11.3% 8.4% 8.1%
This document is provided for the purpose of information only. This factsheet is intended for individuals who are familiar with investment terminology. Please contact your financial adviser if you need an explanation of the terms used. This material should not be relied upon as sufficient information to support an investment decision. The portfolio data on this factsheet is updated on a quarterly basis.
6.8% 3.7% 3.7% 2.4%
Fund Aim The Fund aims for long term growth by investing mainly in UK and overseas equities. It also has some exposure to bonds. The exposures are currently gained through holdings in the following funds: SW SSgA UK Equity Index Fund, SW SSgA Europe ex UK Equity Index Fund, SW SSgA North America Equity Index Fund, SW SSgA Japan Equity Index Fund, SW SSgA Asia Pacific ex Japan Equity Index Fund, SW SSgA Emerging Markets Equity Index Fund and Scottish Widows Corporate Bond Tracker Fund. The asset mix of the fund will be reviewed periodically, and may be amended if a review indicates that it would be in the investors’ best interests to do so. This means in future the Fund could be invested in different funds and additional asset types, though the Fund will continue to invest mainly in equities.
Basic Fund Information Series 2 Unit Launch Date
06/02/2006
Fund Size
£11690.1m
Sector ISIN
ABI Specialist GB00B09CD637
MEX ID
SWSTY2
SEDOL
B09CD63
Manager Name
David Winning, Matthew Davies
Manager Since
01/07/2014
Top Ten Holdings (as at 31/03/2017) SSGA AUT UK EQUITY TRACKER FUND
20.7%
SSGA MPF NORTH AMERICAN EQUITY INDEX
18.1%
SSGA AUT EUROPE EX UK EQUITY TRACKER FUND
17.9%
SCOTTISH WIDOWS CORPORATE BOND TRACKER FUND
15.0%
SSGA MPF EMERGING MARKETS INDEX
11.3%
SSGA MPF JAPAN EQUITY INDEX
8.4%
SSGA MPF ASIA PACIFIC EX JAPAN EQUITY INDEX
7.1%
SSGA AUT ASIA PACIFIC EX-JAPAN EQUITY TRACKER FUND
1.5%
TOTAL % OF FUND
100.0%
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Past Performance
Fund Rating Information
90.0% 80.0% 70.0% 60.0%
-
Morningstar Analyst Rating
-
FE Crown Rating
50.0% 40.0% 30.0% 20.0% 10.0%
Scottish Widows Pension Portfolio Two Pension (Series 2)
Mar 17
May 17
Dec 16
Sep 16
Jun 16
Mar 16
Dec 15
Sep 15
Jun 15
Mar 15
Dec 14
Sep 14
Jun 14
Mar 14
Dec 13
Sep 13
Jun 13
Mar 13
Dec 12
Sep 12
May 12
0.0% -10.0%
Overall Morningstar Rating
31/05/2012 - 31/05/2017 Powered by data from FE
Past performance is not a guide to future performance. Investment value and income from it may fall as well as rise, as a result of market and currency movements. You may not get back the amount originally invested.
Discrete Performance 31/03/2016- 31/03/2015- 31/03/2014- 31/03/2013- 31/03/201231/03/2017 31/03/2016 31/03/2015 31/03/2014 31/03/2013 Scottish Widows Pension Portfolio Two Pension (Series 2)
26.7%
-4.4%
14.1%
6.4%
16.4%
Information is shown as unavailable if prior to the launch of fund.
Cumulative Performance 30/04/2017- 28/02/2017- 31/05/2016- 31/05/2014- 31/05/201231/05/2017 31/05/2017 31/05/2017 31/05/2017 31/05/2017 Scottish Widows Pension Portfolio Two Pension (Series 2)
2.7%
3.6%
28.2%
35.7%
86.0%
Source: FE as at 31/05/2017 Performance figures are in £ sterling on a single pricing basis, with income (where applicable) reinvested net of UK tax and net of total annual fund charges. These figures do not include any initial charge or other product charge(s) that may be applicable.
The FE Crown Rating relates to this fund. However, the Morningstar ratings are based on the underlying fund. These are supplied by the respective independent ratings agencies and are the latest available at the time this factsheet was issued. Past performance is not a reliable indicator of future results.
Other Information The views, opinions and forecasts expressed in this document are those of the fund manager. Investment markets and conditions can change rapidly and as such the views expressed should not be taken as statement of fact, not should reliance be placed on these views when making investment decisions Scottish Widows 15 Dalkeith Road Edinburgh EH16 5BU Not all products have access to this fund, please refer to the relevant product literature. Full terms and conditions are available on request from us using the contact details provided. Charges, terms and the selection of funds we make available may change. Information on the general and specific risks associated with investing in this fund is available in the relevant fund guide, or KIID where applicable. We may change the investment approach rating for the fund. All information is sourced from Scottish Widows or the relevant fund management group unless otherwise stated.
Quarterly Fund Manager Review Global equity markets made gains over the first quarter. At the regional level, Latin America and Asia Pacific were among the strongest performers in local currency terms. In contrast, Japan and the UK lagged behind. In the US, investors spent much of the quarter focusing on the prospects for interest rates. In March, the US Federal Reserve (the Fed, the US equivalent of the Bank of England) announced its much anticipated third interest rate rise in two years. Elsewhere, strong European economic data underpinned investor confidence and the FTSE World Europe (ex UK) rose by more than 7% over the three months. On the other hand, the performance of Japanese share prices was disappointing. It was partly due to the strengthening of the yen against other international currencies. Many of Japan’s biggest companies are export-focused, and when then yen rises, their products become more expensive to foreign buyers, with negative implications for their share prices. David Winning, Matthew Davies, 31/03/2017 The views, opinions and forecasts expressed in this document are those of the fund management house. Investment markets and conditions can change rapidly and as such the views expressed should not be taken as statements of fact, nor should reliance be placed on these views when making investment decisions.
Scottish Widows Limited. Registered in England and Wales No. 3196171. Registered Office in the United Kingdom at 25 Gresham Street, London EC2V 7HN. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register number 181655. Page 2
