FUND FACTSHEET OPEN ENDED INVESTMENT COMPANIES AND INDIVIDUAL SAVINGS ACCOUNTS

Transcription

1 FUND FACTSHEET OPEN ENDED INVESTMENT COMPANIES AND INDIVIDUAL SAVINGS ACCOUNTS

2 INVESTMENT APPROACHES While there are a number of ways to evaluate risk, we use the following definitions to help you decide on the appropriate investment approach for you. The funds in this factsheet have been categorised using the investment approaches, and are listed within these approaches. Please note there are no funds with the Secure approach within this factsheet. Please be aware that we review the investment approach definitions and the investment approach for the funds regularly, so these may change. You can find information on current investment approaches and notification of any changes at SECURE CAUTIOUS BALANCED PROGRESSIVE ADVENTUROUS SPECIALIST provide safety to the amount invested and can be expected to offer relatively low growth over the medium to longterm. They cannot fall in actual value, but can fall in real value due to the effects of inflation. are expected to have a relatively modest risk to the capital value and/ or income. They have the potential to provide income, and/or, over the medium to longterm, relatively modest capital growth. The capital value may fluctuate, although some products may offer an element of capital protection. carry a risk of loss to capital value but have the potential for capital growth and/or income over the medium to long-term. Typically they do not have any guarantees and will fluctuate in capital value. are expected to have a relatively significant risk of loss to capital value, but with the potential of relatively more capital growth over the medium to long-term. They do not offer any guarantees and will fluctuate in capital value. carry a relatively much higher risk of capital loss but with the potential for relatively higher capital growth over the medium to longterm. They may be subject to a considerable level of fluctuation in capital value. They do not offer any guarantees. carry a very high risk of capital loss, but with the potential for a higher return over the long-term. They are very volatile and are only suitable for clients who can afford to, and are prepared to, risk the entire capital value. They do not offer any guarantees. SECURE CAUTIOUS BALANCED PROGRESSIVE ADVENTUROUS SPECIALIST INCREASING RISK INVESTMENT PERIODS We categorise investment periods as follows: Short-term: up to 5 years, Medium-term: between 5 and 10 years, Long-term: over 10 years. All our Funds will include a Risk and Reward Indicator for the Fund. This indicator is legally required and is a different measure to our own investment approaches above. Please see the Key Investor Information Documents and the Supplementary Investor Information Document for more information.

3 Fund name Accumulation s 1 Income s 1 Income Allocation Dates 2 CAUTIOUS PORTFOLIO a Yes Yes 31st March, 30th June, 30th September, 31st December CAUTIOUS SOLUTION e Yes Yes 31st January, 30th April, 31st July, 31st October CORPORATE BOND c Yes Yes 15th of each month DEFENSIVE SOLUTION e Yes Yes 31st January, 30th April, 31st July, 31st October GILT c Yes Yes 31st January, 30th April, 31st July, 31st October MANAGED INCOME PORTFOLIO a Yes Yes 31st March, 30th June, 30th September, 31st December MOMENTUM INCOME PORTFOLIO a Yes Yes 31st March, 30th June, 30th September, 31st December BALANCED GROWTH PORTFOLIO a Yes No 30th June BALANCED PORTFOLIO a Yes No 30th June BALANCED SOLUTION e Yes No 31st July DISCOVERY SOLUTION e Yes Yes 31st January, 30th April, 31st July, 31st October DYNAMIC INCOME PORTFOLIO a Yes Yes 31st March, 30th June, 30th September, 31st December HIGH INCOME BOND c Yes Yes 15th of each month INTERNATIONAL BOND d Yes Yes 31st May, 30th November STRATEGIC INCOME c Yes Yes 15th of each month DYNAMIC SOLUTION e Yes No 31st July HIGH RESERVE c Yes Yes 31st January, 30th April, 31st July, 31st October OPPORTUNITIES PORTFOLIO a Yes No 30th June PROGRESSIVE PORTFOLIO a Yes No 30th June STOCKMARKET GROWTH PORTFOLIO a Yes No 30th June STRATEGIC GROWTH PORTFOLIO a Yes No 30th June STRATEGIC SOLUTION e Yes No 31st July ADVENTUROUS SOLUTION e Yes No 31st July AMERICAN GROWTH b Yes No 31st January ENVIRONMENTAL INVESTOR c Yes No 30th April ETHICAL c Yes No 30th April EUROPEAN GROWTH b Yes No 31st January EUROPEAN SELECT GROWTH b Yes No 31st January GLOBAL GROWTH b Yes No 31st January GLOBAL SELECT GROWTH b Yes No 31st January UK EQUITY INCOME c Yes Yes 30th April, 31st October UK GROWTH c Yes Yes*** 30th April UK SELECT GROWTH c Yes No 30th April UK SMALLER COMPANIES d Yes No 31st May UK TRACKER d Yes Yes 31st May, 30th November EMERGING MARKETS d Yes No 31st May JAPAN GROWTH b Yes No 31st January LATIN AMERICAN d Yes No 31st May PACIFIC GROWTH b Yes No 31st January a Information calculated as at 30th April 2017 b Information calculated as at 31st May 2017 c Information calculated as at 28th February 2017 d Information calculated as at 31st March 2017 e Information calculated as at 31st May 2017

4 Interest/ Dividend Distribution 3 Initial/ Entry Charge 4 Class A Class B Ongoing Charges 5 Class C Class G Class P OEIC & ISA Minimum Single Payment 6&8 OEIC & ISA Minimum Monthly Payment 7 Available for new ISA Investments and ISA Transfers Dividend 3.50% 1.50% 1.00% 1, Yes Interest 3.50% 1.63% 1.13% 1, Yes Interest 3.50% 1.12% 0.87% 0.97% 0.62% 1, Yes Interest 3.50% 1.65% 1.15% 1, Yes Interest 5.00% 1.11% 0.86% 1.11% 0.61% 1, Yes Interest 3.50% 1.38% 0.86% 1, Yes Interest 3.50% 1.37% 0.86% 1, Yes Dividend 5.00% 1.60% 0.95% 1.10% 1, Yes Dividend 5.00% 2.00% 1.50% 1, Yes Dividend 5.00% 1.90% 1.40% 1, Yes Dividend 5.00% 1.62% 1.13% 1, Yes Interest 5.00% 1.37% 1.37% 0.87% 1, Yes Interest 3.50% 1.63% 1.12% 1, Yes Interest 5.00% 1.37% 1.12% 0.87% 0.87% 1, No Interest 3.50% 1.38% 0.87% 1, Yes Dividend 5.00% 1.83% 1.34% 1, Yes Dividend 5.00% 1.37% 0.87% 1, Yes Dividend 5.00% 2.00% 1.50% 1, Yes Dividend 5.00% 2.00% 1.50% 1, Yes Dividend 5.00% 1.60% 1.10% 1, Yes Dividend 5.00% 1.58% 1.33% 1.08% 1, Yes Dividend 5.00% 1.87% 1.37% 1, Yes Dividend 5.00% 1.82% 1.32% 1, Yes Dividend 5.00% 1.47% 1.24% 0.97% 1, Yes Dividend 5.00% 1.62% 1.62% 1.11% 1, Yes Dividend 5.00% 1.63% 1.38% 1.63% 1.12% 1, Yes Dividend 5.00% 1.48% 1.26% 0.98% 1, Yes Dividend 5.00% 1.64% 1.14% 1, Yes Dividend 5.00% 1.47% 1.37% 0.97% 0.97% 1, Yes Dividend 5.00% 1.80% 1.55% 1.24% 1, Yes Dividend 5.00% 1.37% 1.12% 0.62% 0.86% 1, Yes Dividend 5.00% 1.46% 1.11% 0.61% 0.96% 1, Yes Dividend 5.00% 1.66% 1.41% 1.16% 1.15% 1, Yes Dividend 5.00% 1.63% 1.38% 0.88% 1.12% 1, Yes Dividend 0.00% 1.00% 0.50% 1.00% 0.50% 1,000** 50* Yes* Dividend 5.00% 1.55% 1.06% 1, Yes Dividend 5.00% 1.49% 1.27% 0.99% 1, Yes Dividend 5.00% 1.97% 1.72% 1.46% 1, Yes Dividend 5.00% 1.70% 1.60% 1.08% 1, Yes * Please note that you can only choose to save on a monthly basis in the UK Tracker Fund through an ISA ** The minimum investment into Class A and B of the UK Tracker is 100,000 *** Income s only available on Class C

5 FUND INFORMATION UP TO DATE FUND PRICES AND FURTHER INFORMATION ON OUR FUNDS CAN ALSO BE FOUND ON OUR WEBSITE 1. If income is your priority then you could consider a fund which aims for income to be paid out on a regular basis (income shares). If capital growth is your main aim, then investment in accumulation shares in your preferred fund may be appropriate. Accumulation shares automatically retain any income they earn. This is reflected in the value of the shares. 2. In the case of income shares the dates shown relate to the dates when any income is paid out. In the case of accumulation shares the dates shown relate to the dates when any income is deemed to be retained within the fund for tax purposes. 3. If investing directly in an OEIC fund you will receive a tax voucher for each distribution. The tax voucher shows the amount of income that has been paid out (for holders of income shares) or, that has been retained within the investment (for holders of accumulation shares). Each interest and dividend distribution is classed as taxable income therefore you should declare the total amount received to HM Revenue & Customs (HMRC). Depending on your personal circumstances you may have a liability to pay tax on the total amount received to HMRC. 4. The Initial/Entry charge shown is for investments into Class A. Please see the individual KIIDs for the Initial/Entry charge for Classes B and C. Please note the Initial/Entry charges do not apply to investments into Classes G or P. 6. If investing directly in an OEIC fund the minimum single payment that can be invested is usually 1,000 per application, subject to a minimum of 1,000 per fund, except for Classes A and B of the UK Tracker Fund which have a minimum investment of 100,000. With an ISA, the minimum single payment is 1,000 per application, subject to a minimum of 500 per fund if more than one fund is chosen. For both direct OEIC investments and ISAs, single payment top-ups must be 100 or more. 7. The minimum monthly payment is 50 for both OEIC investments and via an ISA. Where more than one fund is chosen, the minimum monthly payment per fund is 10, subject to an overall minimum monthly investment of 50. So, for example, an investment in two funds could be split 40/ 10 or 30/ 20. For both OEICs and ISAs, the minimum monthly top-up is The minimum single payment quoted on the previous page for the UK Tracker Fund relates purely to ISA investments into Class G. This minimum value is different if investing in Classes A and B of the UK Tracker Fund. The minimum investment amounts for investing in this fund via an ISA are as stated in Sections 6 and 7 above. 5. The ongoing charges will be reviewed from time to time. For the High Income Bond, High Reserve, Strategic Income and UK Equity Income funds part, or all, of the annual management charge is taken from the capital of the fund, which could result in capital reduction over time.

6 IMPORTANT INVESTOR INFORMATION Please see the OEIC Prospectuses for full terms and conditions. Charges, terms and limits may change. The value of an investment and any income from it is not guaranteed and can go up and down depending on investment performance (and currency exchange rate changes where a fund invests overseas). You could get back less than you invested. ISAs currently receive favourable tax treatment. Please note there are restrictions on the amount you can pay in. For details please see the Supplementary Investor Information Document. Where an OEIC fund makes distribution payments, the ISA manager can reclaim any UK tax which has been deducted from the interest. The value to an investor of any tax advantages will depend on personal circumstances, which may change. This information is based on the assumption that tax legislation is not changed. The OEIC Prospectuses and copies of the latest yearly and half-yearly Short or Long Reports are available on request from Scottish Widows. OEICs and ISAs should be viewed as a medium to long-term investment (at least five to ten years). Other important investment information including details of the aims and risks that apply to each of the funds can be found in the Key Investor Information Document(s) and the Supplementary Investor Information Document relating to this investment. Please ensure you read the Key Investor Information Document(s) in conjunction with this factsheet. You can write to us at: Scottish Widows Unit Trust Managers PO Box 28015, 15 Dalkeith Road, Edinburgh EH16 5WL The range of OEIC funds quoted are offered under five separate OEIC Companies, known as Investment Companies with Variable Capital (ICVCs). The names of the OEIC Companies, with the agreed allocation of sub-funds, can be found in the relevant Key Investor Information Document(s). We may change the range of funds that we make available. For more information on our range of OEIC funds please contact your financial adviser. Scottish Widows Unit Trust Managers Limited. Registered in England and Wales No Registered Office in the United Kingdom at Charlton Place, Andover, Hampshire SP10 1RE. Tel: Authorised and regulated by the Financial Conduct Authority. Financial Services Register number /18