FACTSHEET

31 August 2021 Pension Fund Halifax Ind Mgd Scottish Widows Smaller Companies Series 2

This document is provided for the purpose of Fund Aim information only. This factsheet is intended for individuals who are familiar with investment The Fund invests via the Scottish Widows Unit Trust Managers UK Smaller Companies OEIC terminology. Please contact your financial Fund. The UK Smaller Companies OEIC Fund aim is to give capital growth by investing in UK adviser if you need an explanation of the terms smaller companies' shares. The Fund is actively managed by the Fund Manager who chooses used. This material should not be relied upon investments with the aim of outperforming the Numis Smaller Companies excluding Investment as sufficient information to support an Trusts Index (the “Index”) by 3% per annum on a rolling 3 year basis, before deduction of fees. investment decision. The portfolio data on this At least 80% of the Fund will be invested in a portfolio of UK smaller company shares. The factsheet is updated on a quarterly basis. majority of these companies are those which are incorporated, or domiciled, or have a significant part of their business in the UK. The Fund will have between 40 and 90 holdings. The Fund Manager is limited in the extent to which positions can vary to those of the Index. Information Statement The limits help to provide a balance between the spread of assets within the Fund and risk management. They also provide a balance between the amount the Fund can vary from the Halifax Independently Managed Smaller Index and providing the Fund Manager with flexibility to seek to outperform the Index. As a Companies single priced. result, the Fund’s performance may differ substantially from the Index. Basic Fund Information Asset Allocation (as at 30/06/2021) Fund Launch Date 18/08/2003 Fund Size £0.1m UK Equities 95.5% Sector ABI UK Smaller Money Market 4.6% Companies ISIN GB00B0F43418 MEX ID H9AG SEDOL B0F4341 Manager Name Iain Staples Manager Since 01/06/2021

Top Ten Holdings (as at 30/06/2021) SCHRODER STERLING LIQUIDITY 3.1% FUND X INCOME DISCOVERIE GROUP PLC ORDINARY 2.6% Sector Breakdown (as at 30/06/2021) 5P KELLER GROUP PLC ORDINARY 10P 2.4% Industrials 32.2% PLC 2.4% Consumer Discretionary 19.8% ORDINARY 5P Technology 10.5% NCC GROUP PLC GBP1 2.4% Financials 7.8% XP POWER LIMITED ORDINARY 1P 2.4% Real Estate 7.5% GROUP PLC ORDINARY 2.5P 2.3% Basic Materials 7.5% ORDINARY 25P 2.2% Cash 4.6% GROUP PLC 2.2% Consumer Staples 3.5% ORDINARY 1P Other 3.5% ORDINARY 1P 2.2% Healthcare 3.4% TOTAL 24.2%

Regional Breakdown (as at 30/06/2021)

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 150% Overall Morningstar - Rating Morningstar Analyst - Rating 100% FE fundinfo Crown Rating

The FE fundinfo Crown Rating relates to this 50% 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 Halifax IM Smaller Companies Pn Stakeholder in this document are those of the fund manager. Investment markets and conditions ABI UK Smaller Companies 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 Please contact: OEIC/ Life/Pension - 0345 366 1513 30/06/2020 - 30/06/2019 - 30/06/2018 - 30/06/2017 - 30/06/2016 - or visit our website: 30/06/2021 30/06/2020 30/06/2019 30/06/2018 30/06/2017 www.halifax.co.uk/investments. Halifax Ind Mgd 40.2% -14.4% -9.4% 18.0% 28.7% Scottish Widows Not all products have access to this fund, Smaller Companies please refer to the relevant product literature. (Series 2) Full terms and conditions are available on request from us using the contact details ABI UK Smaller 50.6% -6.6% -6.6% 14.9% 37.6% provided. Charges, terms and the selection of Companies funds we make available may change. Information is shown as unavailable if prior to the launch of fund. Information on the general and specific risks associated with investing in this fund is Cumulative Performance available in the relevant fund guide, or KIID where applicable. We may change the 31/07/2021 - 31/05/2021 - 31/08/2020 - 31/08/2018 - 31/08/2016 - investment approach rating for the fund. All 31/08/2021 31/08/2021 31/08/2021 31/08/2021 31/08/2021 information is sourced from Scottish Widows or Halifax Ind Mgd 4.5% 6.8% 43.3% 17.6% 60.2% the relevant fund management group unless Scottish Widows otherwise stated. Smaller Companies (Series 2) ABI UK Smaller 4.8% 7.5% 53.1% 40.7% 96.3% Companies Quartile 3 3 4 4 4 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 UK equities performed well in the second quarter, driven by the successful roll-out of Covid-19 vaccines, although beneath the strong headline figure the quarter was mixed. Markets were largely driven by lowly valued and economically sensitive sectors during April and May, continuing a trend in train since November which has beneficial to the UK. Amid improving sentiment global fund managers reported being “overweight” the country for the first time since 2014. Small and mid cap (SMID) equities outperformed during this phase. Among them were domestically and internationally exposed SMIDs set to benefit from recovering global and domestic economies. The UK economic outlook brightened considerably as GDP forecasts were upgraded while the Bank England said it was to slow the pace of quantitative easing. The market, however, struggled over June amid a rise in Covid-19 infections and falling inflation expectations. Defensive large cap equities were very much in favour in June, a trend amplified as sterling fell against a very strong US dollar. The healthcare and consumer staples industries achieved a resilient performance over the month. While energy also performed well in June, in the main lowly valued and economically sensitive sectors did not. Financials performed poorly as market interest rates fell – the UK’s banks and insurance companies, which dominate the sector, typically benefit as rates rise, as they had in the first quarter of 2021 due to concerns about rising inflation. A number of the domestically focused areas which had performed very well on re-opening hopes also fell back quite sharply in June. This was partly due to concerns around the impact of the delta variant of Covid-19 on plans for the re-opening of the economy. Retailers and travel and leisure sectors performed poorly as the UK government delayed the date to further lift social distancing laws following a rise in Covid-19 infection levels.

Iain Staples 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.

Halifax is a division of Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register number 169628. Telephone calls may be monitored or recorded. Page 2