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Defensive Pension PDF Factsheet

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Defensive Pension PDF Factsheet FACTSHEET 31 August 2021 Pension Fund Clerical Medical Defensive Asset Allocation (as at 30/06/2021) This document is provided for the purpose of UK Fixed Interest 32.4% information only. This factsheet is intended for individuals who are familiar with investment UK Equities 24.9% terminology. Please contact your financial Global Fixed Interest 22.0% adviser if you need an explanation of the terms Property Shares 20.3% used. This material should not be relied upon Money Market 0.4% as sufficient information to support an investment decision. The portfolio data on this factsheet is updated on a quarterly basis. Fund Aim The fund aims to achieve long-term total return by gaining exposure orientated towards commercial property and fixed interest stocks with flexibility to gain exposure to a minority holding of equity investments. Asset Allocation Relative to Strategic Asset Allocation Basic Fund Information (as at 30/06/2021) Fund Launch Date 24/11/2008 Fund Size £9.7m Sector ABI Mixed Investment 0-35% Shares ISIN GB00B29V9T93 MEX ID CMDEFE SEDOL B29V9T9 Manager Name Philip Chandler The composition of asset mix and asset allocation may change at any time and exclude cash Manager Since 07/02/2020 unless otherwise stated Top Ten Holdings (as at 30/06/2021) SW GILT W ACC 32.4% HALIFAX CORPORATE BOND-I-INC 22.0% SW HBOS INVESTMENT FUND 20.3% MANAGERS LTD UK PROPERTY FD INSTL IC HALIFAX UK INVESTMENT FUNDS IC 12.4% NPV SW UT UK ALL SHARE TRACKER X 8.7% GBP FUND LOW VOLATILITY INDEX UK 1.9% MUTUA SCOTTISH WIDOWS UNIT 1.9% FUNDAMENTAL INDEX UK EQUITY X PENS ACC SCHRODER STERLING LIQUIDITY 0.1% FUND X INCOME TOTAL 99.7% Page 1 Past Performance Fund Rating Information 30% Overall Morningstar - Rating Morningstar Analyst - Rating 20% FE fundinfo Crown Rating The FE fundinfo Crown Rating relates to this 10% 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 0% performance is not a reliable indicator of future results. Sep 16 Dec 17 Mar 19 Jun 20 Sep 21 Other Information 31/08/2016 - 31/08/2021 Powered by data from FE fundinfo The views, opinions and forecasts expressed Clerical Medical Defensive Pension in this document are those of the fund manager. Investment markets and conditions ABI Mixed Investment 0-35% Shares can change rapidly and as such the views Past performance is not a guide to future performance. Investment value and income from it may expressed should not be taken as statement of fall as well as rise, as a result of market and currency movements. You may not get back the fact, nor should reliance be placed on these amount originally invested. views when making investment decisions. Discrete Performance For further information contact your local sales office or phone Customer Services on 0345 30/06/2020 - 30/06/2019 - 30/06/2018 - 30/06/2017 - 30/06/2016 - 030 6243 (Life and Pensions) 0345 300 2244 30/06/2021 30/06/2020 30/06/2019 30/06/2018 30/06/2017 (OEIC). Details are also available at Clerical Medical 4.3% 1.5% 3.2% 5.3% 7.5% www.clericalmedical.co.uk Defensive Not all products have access to this fund, ABI Mixed Investment 5.3% 2.3% 2.9% 1.2% 6.5% please refer to the relevant product literature. 0-35% Shares Full terms and conditions are available on Information is shown as unavailable if prior to the launch of fund. request from us using the contact details provided. Charges, terms and the selection of Cumulative Performance funds we make available may change. Information on the general and specific risks 31/07/2021 - 31/05/2021 - 31/08/2020 - 31/08/2018 - 31/08/2016 - associated with investing in this fund is 31/08/2021 31/08/2021 31/08/2021 31/08/2021 31/08/2021 available in the relevant fund guide, or KIID Clerical Medical 0.9% 3.5% 8.1% 11.7% 20.7% where applicable. We may change the Defensive investment approach rating for the fund. All information is sourced from Scottish Widows or ABI Mixed Investment 0.8% 2.6% 6.7% 12.3% 15.9% the relevant fund management group unless 0-35% Shares otherwise stated. Quartile 2 1 1 3 1 Source: FE fundinfo as at 31/08/2021 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. Quarterly Fund Manager Review Global equities advanced in the second quarter, supported by the accelerating roll-out of Covid-19 vaccines. Growth stocks outperformed more lowly valued parts of the market. Government bonds yields saw divergent performance. US 10-year yields fell (meaning prices rose) while yields rose in Europe. Corporate bonds outperformed government bonds. Commodities gained with energy again the strongest component. The second quarter was strong for US equities, and the S&P 500 reached a new all-time high in late June. Almost all sectors made gains over the quarter. Tech giants like Apple, Alphabet and Microsoft made strong gains over the quarter. By sector, energy, IT, communication services and real estate were amongst the strongest areas of the market. Utilities and consumer staples lagged. Eurozone shares also gained, supported by a strong corporate earnings season. Many European countries saw Covid-19 infections fall and were able to loosen restrictions on social and economic activity. UK equities also performed well in the second quarter, although beneath the strong headline figure the quarter was mixed. Japanese shares underperformed other developed markets in the second quarter, while emerging market equities registered a strong return. US Treasury yields declined over the quarter, with the 10-year falling from 1.74% to 1.47%, retracing some of the large move higher in the first quarter. The broad backdrop was a continued pronounced rebound in economic activity with annualised inflation rates rising well above target to levels not seen in over a decade. European government bonds underperformed the US, amid growing optimism about the region’s recovery and accelerating vaccination programme. The German 10-year yield rose from -0.29% to -0.20%, France’s from just below zero to 0.13%. The Italian 10-year yield rose from 0.67% to 0.82%. The UK 10-year yield fell from 0.85% to 0.72%, following a sharp rise in the previous period. The UK residential property market has recorded a robust performance in recent months, with strong demand in many parts of the country and prices of homes significantly higher than a year earlier. The Covid-19 pandemic has also accelerated the move to e-retailing, which has led to increased demand for warehouses. Philip Chandler 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.
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