SL Threadneedle American Select Pension Fund

1 Q2 SL Threadneedle American Select Pension fund 2018. 30 June 2018. This document is intended for use by individuals who are familiar with investment terminology. Please contact your financial adviser if you need an explanation of the terms used. The SL Threadneedle American Select Pension fund invests primarily in the Threadneedle American Select fund . Pension The aim of the Threadneedle American Select fund is summarised below. Investment fund The aim of the fund is to grow the amount you invested.

2 The fund invests its assets in shares of companies in North America or companies that have significant operations there. The fund will include smaller and new emerging companies, those with potential for merger or takeover, those with new management in place that may generate recovery and exploration companies. The fund 's investment approach means it will typically hold Equity fund a small number of investments compared with other funds. The value of any investment can fall as well as rise and is not guaranteed you may get back less than you pay in.

3 For further information on the Threadneedle American Select fund , please refer to the fund manager fact sheet, Quarterly link provided below. Threadneedle American Select - fund Factsheet Underlying fund Launch Date March 1982 Standard Life Launch Date April 2001. Underlying fund Size (30/06/2018) 1, Standard Life fund Size (30/06/2018) Underlying fund Manager Ashish Kochar Standard Life fund Code KN. The investment performance you will experience from investing in the Standard Life version of the fund will vary from the investment performance you would experience from investing in the underlying fund directly.

4 This will be as a result of a number of differences, such as charges, tax and timing of investment. Underlying fund Information Note: Asset / Sector / Regional compositions are shown in a standardised format due to categorisation of items. This may be marginally different to the way the same information is displayed by the underlying fund manager. Composition of Portfolio by Sector Top Holdings Source: FE 30/06/2018 Source: FE 30/06/2018. Stocks fund (%). Information Technology Financials ALPHABET INC.

5 Health Care Industrials MICROSOFT CORPORATION Consumer Discretionary Energy BERKSHIRE HATHAWAY INC. CLASS B Cash VISA INC. CLASS A Materials Consumer Staples , INC. Other LAM RESEARCH CORPORATION BANK OF AMERICA CORP ADOBE SYSTEMS INCORPORATED JPMORGAN CHASE & CO. CELGENE CORPORATION Assets in top holdings fund Performance Year on Year Source: FE. Year to Year to Year to Year to Year to 30/06/2018 (%) 30/06/2017 (%) 30/06/2016 (%) 30/06/2015 (%) 30/06/2014 (%). SL Threadneedle American Select Pension fund ABI North America Equities Price Indexed Source: FE.

6 210 Figures quoted are calculated over the 200 stated period on a bid to bid basis with 190 gross income reinvested and are based 180 on units which contain an Annual 170 Management Charge (AMC) of and 160 Additional Expenses of , a 150 Total fund Charge of For the 140 relevant charges on your policy, including 130 any rebates or discounts that may apply, 120 please refer to your policy 110 documentation. 100. 90. 01/07/13. 01/10/13. 01/01/14. 01/04/14. 01/07/14. 01/10/14. 01/01/15. 01/04/15. 01/07/15.

7 01/10/15. 01/01/16. 01/04/16. 01/07/16. 03/10/16. 02/01/17. 03/04/17. 03/07/17. 02/10/17. 01/01/18. 02/04/18. 29/06/18. 28/06/2013 - 29/06/2018 Powered by data from FE. SL Threadneedle American Select Pension fund ABI North America Equities Cumulative Performance Source: FE. 3 Months (%) 1 Year (%) 3 Years (%) 5 Years (%). SL Threadneedle American Select Pension fund ABI North America Equities Notes: The information shown relates to the past. Past performance is not a guide to the future. The value of your investment can go down as well as up.

8 For the relevant charges on your policy please refer to your policy documentation. Where a fund holds overseas assets the Sterling value of these assets may rise and fall as a result of exchange rate fluctuations. Definition: Money Market - may include bank and building society deposits, other money market instruments such as Certificates of Deposits (CDs), Floating Rate Notes (FRNs) including Asset Backed Securities (ABSs) and allowances for tax, dividends and interest due if appropriate. *Any data contained herein which is attributed to a third party ("Third Party Data") is the property of (a) third party supplier(s) (the "Owner") and is licensed for use by Standard Life**.

9 Third Party Data may not be copied or distributed. Third Party Data is provided "as is" and is not warranted to be accurate, complete or timely. To the extent permitted by applicable law, none of the Owner, Standard Life** or any other third party (including any third party involved in providing and/or compiling Third Party Data) shall have any liability for Third Party Data or for any use made of Third Party Data. Past performance is no guarantee of future results. Neither the Owner nor any other third party sponsors, endorses or promotes the fund or product towhich Third Party Data relates.

10 **Standard Life means the relevant member of Standard Life Aberdeen group, being Standard Life Aberdeen plc together with its subsidiaries, subsidiary undertakings and associated companies (whether direct or indirect) from time to time. "FTSE ", "FT-SE ", "Footsie ", ["FTSE4 Good " and "techMARK] are trade marks jointly owned by the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited ("FTSE") under licence. ["All-World ","All-Share " and "All-Small " are trademarks of FTSE.]