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31 August 2021 Life Fund SW Artemis UK Select Life

Asset Allocation (as at 30/07/2021) This document is provided for the purpose of UK Equities 97.4% information only. This factsheet is intended for individuals who are familiar with investment Money Market 2.6% 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. Fund Aim Artemis describe their fund's aim as follows: The objective of the Fund is to achieve long- term capital growth. The emphasis of the Fund will be investment in companies listed, quoted Sector Breakdown (as at 30/07/2021) and/or traded in the UK and in companies Other 24.5% which have a significant part of their activities in the UK which are quoted on a regulated Financial Services 19.0% market outside the UK. The Manager actively Travel 14.9% manages the portfolio. The securities of Mineral Extraction 7.5% companies listed, quoted and/or traded in the Retailers - General 6.7% UK but domiciled elsewhere and the securities of companies traded on PLUS may be included Banks 6.6% in the portfolio. Household Goods 6.3% General Industrials 5.3% Basic Fund Information Life Insurance 4.7% Fund Launch Date 19/09/2001 Building & Construction 4.6% Fund Size £10.7m Sector ABI UK All Companies Regional Breakdown (as at 30/07/2021) ISIN GB0030872930 MEX ID SWAUKL SEDOL 3087293 Manager Name Ed Legget Manager Since 31/12/2015 Top Ten Holdings The composition of asset mix and asset allocation may change at any time and exclude cash (as at 30/07/2021) unless otherwise stated GROUP PLC 5.2% PLC COMMON STOCK 4.4% GBP 25 OXFORD INSTRUMENTS 4.3% ENTAIN PLC 4.0% PLC 3.9% 3.5% INTERMEDIATE CAPITAL GROUP 2.9% 2.9% PLC 2.9% PLC GBP 2.7% TOTAL 36.7%

Page 1 Past Performance Fund Rating Information 100% Overall Morningstar **** Rating Morningstar Analyst - Rating 50% FE fundinfo Crown Rating

The FE fundinfo Crown Rating relates to this fund. However, the Morningstar ratings are 0% 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 Artemis UK Select life results. ABI UK All Companies 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 Artemis UK Select 38.6% -7.2% -5.9% 8.0% 28.3% Scottish Widows Life 69 Morrison Street Edinburgh EH3 1HL ABI UK All Companies 22.5% -11.8% -2.8% 6.7% 19.2% 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 Artemis UK Select 3.3% 2.4% 45.1% 29.6% 61.8% Information on the general and specific risks Life associated with investing in this fund is available in the relevant fund guide, or KIID ABI UK All Companies 2.6% 3.4% 26.5% 9.1% 27.5% where applicable. We may change the Quartile 2 3 1 1 1 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 top contributor to our performance this quarter was Oxford Instruments. Strong results highlighted that its strategy of focusing its R&D efforts on solving problems for specific applications in high-growth industries is delivering both faster growth in sales and higher margins. Demand in 75% of its end markets has been accelerated by Covid. The recovery of motor retail Lookers continued, leading it to report its third profit upgrade of the year. The global shortage of microchips has led to restrictions in the supply of new vehicles. Meanwhile, more flexible working practices and reduced demand for public transport have driven demand for cars. As a result, prices for both new and second-hand cars have increased, boosting margins and profits at Lookers. It was a similar story of a faster than expected recovery in demand for many of our companies. In the construction and building materials area, Tyman and Morgan Sindall both provided very encouraging trading updates: profits expectation for the current year are now ahead of their 2019 levels. In a strong quarter for stock-specific news, the majority of our underperformers were stocks where investors took a more cautious view on re-opening and so took profits. The largest falls were seen in the travel-related stocks, where a combination of the emergence of the Delta variant and the UK government’s strict but inconsistent policy on international travel weighed on the confidence of investors and consumers alike and disrupted another summer travel season. Our holdings in IAG, Jet2, National Express and WH Smith all underperformed. All four companies have strong enough balance sheets to weather a further delay in re-opening and we take encouragement from the fact that US domestic air travel is already back to close to 2019 levels. Elsewhere, Barclays gave back some of its gains as market conditions for the investment banking side of its business grew less supportive and as the market worried about a tough comparison with the exceptional trading conditions seen in the same period in 2020. A slightly slower quarter will have little impact on our long-term thesis, which envisages Barclays continuing to gain market share.

Ed Legget 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, 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