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31 August 2021 Life Fund SW Fidelity Special Situations (2006) Life

Asset Allocation (as at 31/07/2021) This document is provided for the purpose of UK Equities 86.9% information only. This factsheet is intended for individuals who are familiar with investment Irish Equities 5.7% terminology. Please contact your financial French Equities 2.7% adviser if you need an explanation of the terms used. This material should not be relied upon International Equities 2.7% as sufficient information to support an Swiss Equities 2.3% investment decision. The portfolio data on this Greek Equities 2.1% factsheet is updated on a quarterly basis. Swedish Equities 1.4% Australian Equities 1.3% Fund Aim US Equities 1.1% The Fund aims to increase the value of your investment over a period of 5 years or Other -6.2% more.The Fund will invest at least 70% in equities (and their related securities) of UK Sector Breakdown (as at 31/08/2021) companies (those domiciled, incorporated or Financials 26.1% having significant business in UKand those which are listed in the UK). Please see the Industrials 25.4% Fidelity website for full details Consumer Discretionary 21.3% Health Care 7.5% Basic Fund Information Telecommunications 6.1% Fund Launch Date 18/09/2006 Energy 6.0% Fund Size £3.8m Consumer Staples 4.5% Sector ABI UK All Companies Basic Materials 4.4% ISIN GB00B1BS1S41 Utilities 2.6% MEX ID SWFSS6 Other -3.9% SEDOL B1BS1S4 Manager Name Alex Wright, Jonathan Winton Regional Breakdown (as at 31/08/2021) Manager Since 01/01/2014, 03/02/2020

Top Ten Holdings (as at 31/08/2021) LEGAL AND GENERAL GROUP PLC 5.0% AVIVA PLC 3.8% ROYAL DUTCH SHELL PLC 3.5% 3.4% SANOFI 2.6% AIB GROUP PLC 2.6% DCC PLC 2.5% GROUP PLC 2.4% PLC 2.4% ROCHE HOLDING AG 2.3% TOTAL 30.5%

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 -25% 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 Fidelity Special Situations 2006 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 Fidelity Special 30.9% -18.4% -2.8% 6.8% 25.2% Scottish Widows Situations (2006) Life 69 Morrison Street ABI UK All Companies 22.5% -11.8% -2.8% 6.7% 19.2% Edinburgh EH3 1HL

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 31/07/2021 - 31/05/2021 - 31/08/2020 - 31/08/2018 - 31/08/2016 - request from us using the contact details 31/08/2021 31/08/2021 31/08/2021 31/08/2021 31/08/2021 provided. Charges, terms and the selection of funds we make available may change. SW Fidelity Special 4.7% 2.9% 39.1% 8.5% 32.6% Information on the general and specific risks Situations (2006) Life associated with investing in this fund is ABI UK All Companies 2.6% 3.4% 26.5% 9.1% 27.5% available in the relevant fund guide, or KIID where applicable. We may change the Quartile 1 3 1 3 2 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 In the second quarter of 2021, the W-ACC share class of the fund returned 6.3% in GBP terms; the FTSE All Share (N) index returned 5.6%. Strong stock selection in the consumer discretionary and financials sectors contributed to returns, while an overweight in industrials also proved beneficial. At a stock level, private healthcare provider was the biggest contributor. Australian hospital operator Ramsay Health Care reached an agreement with Spire to buy the company for £1 billion, subject to a shareholder vote. UK infrastructure investor John Laing also benefited from M&A news after private-equity firm KKR agreed to buy the company, at a significant premium, in a deal valued at about £2 billion. Redde Northgate, the UK's largest commercial vehicle rental provider, was another notable contributor as demand in the UK has picked up significantly, COVID-19 has accelerated the move to lease and renting and the Redde integration is progressing well. The position in pharmaceuticals major Roche added value on the back of news flow over Alzheimer drugs of competitors, which were seen as a catalyst to Roche's own Alzheimer's assets causing the shares to move higher. The lack of exposure to certain expensive defensive names such as pharmaceuticals group AstraZeneca and beverages group Diageo held back relative performance. At a stock level, insurers Legal & General, Phoenix Group and Just Group were among the detractors. Legal & General also went ex- dividend in mid-April which impacted the overall share price performance.

Alex Wright, Jonathan Winton 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