sign in sign up
<<
Home , British American Tobacco, Diageo

Adventurous

31 August 2021 Pension Fund SW Newton UK Income Pension (Series 4)

With effect from 10 June 2019 the name of the manager of the underlying fund changed from This document is provided for the purpose of Newton to BNY Mellon. No other changes to the fund were made at this time and we will information only. This factsheet is intended for continue to refer to Newton in our literature. individuals who are familiar with investment terminology. Please contact your financial adviser if you need an explanation of the terms Asset Allocation (as at 31/07/2021) used. This material should not be relied upon United Kingdom Equity 85.1% as sufficient information to support an United States Equity 4.7% investment decision. The portfolio data on this factsheet is updated on a quarterly basis. France Equity 4.6% Switzerland Equity 4.5% Cash Equity 1.1% Fund Aim The fund aims for long-term total return from increasing levels of income from one year to the next along with long-term capital growth from the underlying assets, through investment solely in the Newton Higher Income OEIC fund. Basic Fund Information Sector Breakdown (as at 31/07/2021) Series 4 Unit Launch 22/08/2006 Consumer Staples 17.7% Date Consumer Discretionary 17.3% Fund Size £53.8m Financials 15.6% Sector ABI UK Equity Income Health Care 11.9% ISIN GB00B17M7F95 Industrials 11.3% MEX ID SWNHII Basic Materials 7.2% SEDOL B17M7F9 Energy 5.9% Manager Name Jon Bell, Ilga Haubelt Technology 4.8% Manager Since 25/09/2020, 25/09/2020 Utilities 4.6% Other 3.7% Top Ten Holdings (as at 31/07/2021) Regional Breakdown (as at 31/07/2021) PLC 5.6% GLAXOSMITHKLINE PLC 5.0% 4.6% PLC 4.5% BAE SYSTEMS PLC 3.9% BRITISH AMERICAN P.L.C. 3.7% PLC CLASS B 3.7% RELX PLC 3.4% 3.3% BHP GROUP PLC 3.1% TOTAL 40.8%

The composition of asset mix and asset allocation may change at any time and exclude cash unless otherwise stated

Page 1 Past Performance Fund Rating Information 50% Overall Morningstar *** Rating Morningstar Analyst - 25% Rating FE fundinfo Crown Rating

0% The FE fundinfo 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 Sep 16 Dec 17 Mar 19 Jun 20 Sep 21 time this factsheet was issued. Past 31/08/2016 - 31/08/2021 Powered by data from FE fundinfo performance is not a reliable indicator of future SW Newton UK Income Pension Series 4 results. ABI UK Equity Income Other Information Past performance is not a guide to future performance. Investment value and income from it may The views, opinions and forecasts expressed fall as well as rise, as a result of market and currency movements. You may not get back the in this document are those of the fund amount originally invested. manager. Investment markets and conditions can change rapidly and as such the views Discrete Performance expressed should not be taken as statement of 30/06/2020 - 30/06/2019 - 30/06/2018 - 30/06/2017 - 30/06/2016 - fact, nor should reliance be placed on these 30/06/2021 30/06/2020 30/06/2019 30/06/2018 30/06/2017 views when making investment decisions. SW Newton UK Income 19.8% -10.6% 4.3% 5.5% 9.0% Scottish Widows Pension (Series 4) 69 Morrison Street EH3 1HL ABI UK Equity Income 22.6% -14.7% -2.8% 4.9% 18.8% Information is shown as unavailable if prior to the launch of fund. Not all products have access to this fund, please refer to the relevant product literature. Cumulative Performance Full terms and conditions are available on request from us using the contact details 31/07/2021 - 31/05/2021 - 31/08/2020 - 31/08/2018 - 31/08/2016 - provided. Charges, terms and the selection of 31/08/2021 31/08/2021 31/08/2021 31/08/2021 31/08/2021 funds we make available may change. SW Newton UK Income 1.7% 2.1% 27.8% 14.8% 25.4% Information on the general and specific risks Pension (Series 4) associated with investing in this fund is available in the relevant fund guide, or KIID ABI UK Equity Income 2.2% 2.6% 27.9% 5.0% 19.8% where applicable. We may change the Quartile 4 3 3 1 3 investment approach rating for the fund. All information is sourced from Scottish Widows or Source: FE fundinfo as at 31/08/2021 the relevant fund management group unless otherwise stated. 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.

Quarterly Fund Manager Review The Fund generated a positive return, net of fees, during the quarter. It lagged its benchmark. The second quarter saw equities continue to rise. While asset allocation was positive, security selection detracted from the Fund’s relative returns. The biggest detractor from performance came from the consumer discretionary sector. Further negatives came from positioning in the healthcare and telecommunications sectors. Positioning in the financials sector was the biggest contributor. The Fund benefited from not holding Prudential, which was weak. Wealth manager St James’s Place did well after reporting a record £135bn in funds under management for the first quarter. Group experienced strong volume growth across its cardboard box operations and is benefiting from an improved consumer demand environment and shift online. The biggest detractor from relative performance came from the zero weighting in large index constituent AstraZeneca, which performed well following a solid set of results for the first quarter. Along with other US banks, Citigroup reported that trading revenues would be lower than last year’s elevated levels and that additional cost would be required to restructure its operations. This was taken negatively by market participants and earnings forecasts were reduced. We added to the holding in catering business Compass, given that we expect the share price to recover as activity begins to return to normal levels. We added to because of its defensive revenue stream and the potential for revenue trend improvements, growth within its B2B business, and potential for further cost savings. Within industrials, defence technology company QinetiQ was sold. We sold package delivery business Deutsche Post following a strong run of performance. Elsewhere, we took advantage of recent share price strength to book some profits in Anglo American. We also moderated the holding in . Events business declined over the quarter, with investors pessimistic about the prospects of a rapid recovery in long-haul business travel. Negative sentiment also weighed on coach operator National Express. Reductions to both these stocks early in the period help to mitigate some of the losses.

Jon Bell, Ilga Haubelt 30/06/2021 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, 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