Pension Portfolio One Pension PDF Factsheet

1 Factsheet . 30 November 2021. Pension Fund scottish widows Pension Portfolio One Pension (Series 2). This document is provided for the purpose of Fund Aim information only. This Factsheet is intended for individuals who are familiar with investment The Fund aims to deliver long-term growth by investing in other funds. The Fund invests almost terminology. Please contact your financial exclusively in equities including a small proportion in listed property securities, by investing adviser if you need an explanation of the terms predominately in passive* index tracking funds. A small proportion may be actively managed. used. This material should not be relied upon The equity investments cover a mix of geographic regions and can include the UK, other as sufficient information to support an developed markets and emerging markets.

2 The property securities can be in the UK and investment decision. The Portfolio data on this Factsheet is updated on a quarterly basis. overseas. The Fund may also invest a small proportion in cash. Non-sterling investment may be hedged back to sterling. Hedging aims to reduce the effect of fluctuations in the exchange rates between the currency of the asset and the currency of the Fund. This Fund will be reviewed Information Statement periodically by scottish widows . In future the Fund could be invested in different funds and additional asset types, though the Fund will continue to invest almost exclusively in equities. A portion of the equities allocation is invested in a climate transition fund to take account of *Passive management is where the fund manager aims to match a benchmark index and will environmental, social and governance (ESG).

3 Buy, sell or hold investments depending on the components of that index. Active management is considerations. The allocation also includes where the fund manager seeks to add value by making decisions on which investments to buy, Real Estate Investment Trusts to gain sell or hold depending on, for example company, market or economic factors. exposure to property. Funds with an allocation to global fixed interest now benefit from diversification through a small allocation to Asset Allocation (as at 30/09/2021) Emerging Market Government Debt. US Equities Due to the update scheduling of the CPI. International Equities benchmark, Monthly Factsheets will illustrate UK Equities the latest CPI Performance as at the point of production ( with a one month lag).

4 Quarter Japanese Equities End Factsheets however will be synchronised Property Shares with the latest quarter end CPI Performance. Others Canadian Equities Basic Fund Information Series 2 Unit Launch 06/02/2006. French Equities Date Swiss Equities Fund Size 2, German Equities Benchmark UK Consumer Price Index + The composition of asset mix and asset allocation may change at any time and exclude cash ISIN GB00B09CD074. unless otherwise stated MEX ID SWLFP2. SEDOL B09CD07. Manager Name Philip Chandler Manager Since 07/02/2020. Top Ten Holdings (as at 30/09/2021). BLACKROCK ACS US EQTY TKR BLACKROCK ACS UK EQUITY TKR SSGA AUT EUROPE EX UK EQTY TKR. ACS CLIMATE TRANSITION WORLD EQUITY. SSGA MPF EMERGING MARKETS INDEX.

5 SSGA AUT ASIA PACIFIC EX-JAPAN EQTY TKR. ISHARES GLOBAL PROPERTY SECURITIES. JAPAN EQUITY TRACKER FUND X1 SSGA AUT EMRG MKT SCD IX EQ SCHRODERS LIQUIDITY FUND TOTAL Page 1. Past Performance Fund Rating Information 75% Overall Morningstar - Rating Morningstar Analyst - Rating 50% FE fundinfo Crown Rating The FE fundinfo Crown Rating relates to this 25% 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 0% time this Factsheet was issued. Past Dec 16 Mar 18 Jun 19 Sep 20 Nov 21 performance is not a reliable indicator of future 30/11/2016 - 29/10/2021 Powered by data from FE fundinfo results.

6 Pension Portfolio One Pension Other Information UK Consumer Price Index + The views, opinions and forecasts expressed in this document are those of the fund The Performance of the Pension Portfolio Fund One is shown relative to the UK Consumer Prices manager. Investment markets and conditions Index plus CPI is a standard measure of price inflation in the UK. This aims to help can change rapidly and as such the views customers see how their Pension pot is performing compared to changes in the cost of living over expressed should not be taken as statement of time. fact, nor should reliance be placed on these Past performance is not a guide to future performance. Investment value and income from it may views when making investment decisions.

7 Fall as well as rise, as a result of market and currency movements. You may not get back the amount originally invested. scottish widows 69 Morrison Street Discrete Performance Edinburgh EH3 1HL. 30/09/2020 - 30/09/2019 - 30/09/2018 - 30/09/2017 - 30/09/2016 - 30/09/2021 30/09/2020 30/09/2019 30/09/2018 30/09/2017 Not all products have access to this fund, scottish widows please refer to the relevant product literature. Pension Portfolio One Full terms and conditions are available on Pension (Series 2) request from us using the contact details provided. Charges, terms and the selection of UK Consumer Price funds we make available may change. Index + Information on the general and specific risks associated with investing in this fund is Information is shown as unavailable if prior to the launch of fund.

8 Available in the relevant fund guide, or KIID. where applicable. We may change the Cumulative Performance investment approach rating for the fund. All 30/10/2021 - 30/08/2021 - 30/11/2020 - 30/11/2018 - 30/11/2016 - information is sourced from scottish widows or 30/11/2021 30/11/2021 30/11/2021 30/11/2021 30/11/2021 the relevant fund management group unless scottish widows otherwise stated. Pension Portfolio One Pension (Series 2). UK Consumer Price - Index + Source: FE fundinfo as at 30/11/2021. 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.

9 Quarterly Fund Manager Review Developed market shares were flat in the third quarter as declines in September erased earlier gains. Emerging market equities underperformed amid a market sell in China. US equities notched up a small positive return in the quarter. Strong earnings had lifted US stocks in the run up to August, when the Federal Reserve seemed to strike a dovish tone, confirming its hesitance to tighten policy too fast. However, growth and inflation concerns late in the quarter meant US equities retraced their steps in September. Eurozone equities were also flat. The energy sector was one of the strongest performers, as was information technology with semiconductor-related stocks seeing a robust advance.

10 Consumer discretionary stocks were among the weakest for the quarter, with luxury goods companies under pressure amid suggestions that China could seek greater wealth redistribution, which could hit demand. UK equities rose with the market driven by a variety of factors. While there were some clear sector winners (such as energy on the back of a recovery in crude oil prices) the difference between the best and worst-performing stocks, or dispersion, was quite marked. Within consumer staples, for instance, some of the more highly valued consumer goods companies performed poorly, while the more lowly valued grocery retailers performed well. The Japanese equity market traded in a range through July and August before rising in September to record a total return of for the quarter.