Av MyM Clarks Cash. Fund facts. First price date 10/07/2018. Fund size 0.00m. Benchmark N/A SEDOL BF8L1C8 ISIN GB00BF8L1C86.

Transcription

1 Av MyM Clarks Cash As at 30 June 2018 This fact sheet is for information only and should not be considered as a financial promotion. It shows current information. The information may be different to that shown in literature, which will contain information at the time it was produced. Our systems which produce quotations, annual statements and provide online customer services may also differ while we update them. Fund holdings, asset allocation and past performance information should not be relied upon for buying and selling decisions. Fund aim The Fund aims to provide a modest level of return without incurring excessive risk by investing in a broad range of fixed income securities and money market instruments and may also invest in deposits with credit institutions. Top holdings as at 30/06/2018 BlackRock ICS Int Stg Lq Pre GBP Total % of fund If the fund has more than 10 holdings this total will not add up to 100% Risk rating Aviva allocates the risk rating of a fund using two stages: Firstly, calculation of the volatility of historical performance based upon the guidelines recommended by the European Securities and Markets Authority (ESMA). Secondly, given that volatility is not the only indicator of a fund s risk, Aviva undertake additional research to identify any further risks that may impact the fund and therefore its final risk rating result Lowest volatility: The historical performance of funds with this risk rating has typically experienced the lowest volatility of all the funds Aviva has rated. This means that these funds have the lowest potential for substantial changes in value compared with other Aviva insured funds. % Fund facts First price date 10/07/2018 Fund size 0.00m ABI Investment sector Money Market Benchmark N/A SEDOL BF8L1C8 ISIN GB00BF8L1C86 Citicode OXBY Additional expenses 0.00% Asset allocation as at 30/06/2018 Cash/Money Market Fixed Interest Total % The risks that apply to this fund can be found in the fund risk warnings section on page 3. % Page 1 of 4

2 Fund performance The information shown refers to the past. Past performance is not a reliable guide to future performance. Please be aware that the value of investments can fall as well as rise and are not guaranteed, which means you may get back less than you invested. These performance figures show fund performance, reflecting only the fund annual management charge. They do not reflect the actual costs that you may incur as a result of investing through a product with My Money where the additional scheme charges will decrease investment returns. The performance figures are on a single price, income reinvested basis and sourced from FE. Five year past performance information showing percentage increase or decrease 31/03/ /03/ /03/ /03/ /03/ /03/ /03/ /03/ /03/ /03/2018 Av MyM Clarks Cash Data will not exist for some periods if the fund was launched less than 5 years ago. Cumulative past performance to 30/06/2018 showing percentage increase or decrease 1 year 3 years 5 years 10 years Since first price date Av MyM Clarks Cash Data will not exist for some periods if the fund was launched less than 10 years ago. Page 2 of 4

3 Fund risk warnings For the risk warnings that apply to this fund please see below. Code Risk warnings Investment is not guaranteed: The value of an investment is not guaranteed and can go down as well as up. You could get back less than you have paid in. Price: At times, a fund may need to change the way its price is calculated to ensure that those moving into and out of the fund and existing unitholders/shareholders are treated fairly and are not disadvantaged by any large cashflows. A Suspend trading: Fund managers have the ability, in certain circumstances, to suspend trading in their funds for as long as necessary. When this occurs we will need to delay the cashing in or switching of units in the relevant fund. You may not be able to access your money during this period. The circumstances in which we may delay a switch, withdrawal or transfer can include but are not limited to the following: if a large number of customers want to take money out of the same fund at the same time; if there are practical problems selling the assets in which a fund is invested; if the fund (or part of it) is managed by an external company, they may insist on a delay. Stock Lending: Where a fund is involved in the temporary transfer of securities, there is a risk that the borrower may not be able to return the security to its owner. This may have a negative effect on the performance of the fund. Derivatives: Most funds can invest in derivatives for the purpose of efficient portfolio management or risk reduction. For funds that also use derivatives for investment purposes we apply an additional risk warning due to the possible increase in the risk and volatility of the fund. E H Fixed Interest: Where a fund invests in fixed interest securities, such as corporate or government bonds, changes in interest rates can contribute to the value of the investment going up or down. If interest rates rise, the value is likely to fall. Bonds with a lower credit rating are known as sub-investment grade or junk bonds. These carry an increased risk that the issuer of the bond will be unable to continue the interest payments or return the capital at maturity. Cash/Money Market Funds: These are not cash deposit accounts but invest in money market instruments and short-term bonds and can fall in value. In a low interest rate environment the charges applied to a cash fund may be greater than its return, so you could get back less than you have paid in. Page 3 of 4

4 Glossary ABI investment sector Additional expenses Asset allocation Benchmark Citicode First price date ISIN Risk rating SEDOL Every Aviva pension fund that is publicly available is compared to an Association of British Insurers (ABI) Investment Sector. The ABI Investment Sectors were introduced in 1997 to ensure that pension funds operating similar investment strategies are grouped together so that investors can compare them on a like-for-like basis, and get a better understanding as to how their fund is performing. For example, most UK Equity funds can be found in the ABI UK All Companies sector. Additional expenses relate to the administration of the fund and include custody, depositary, regulatory and trustee expenses. They are paid directly out of the underlying fund(s) and are reflected in the unit price. They are reviewed regularly and can change. Asset allocation shows the fund s assets on a percentage basis split across the different categories of assets the fund is invested in, such as shares, fixed interest, property and cash. If the fund invests in just one type of asset then this split will normally be shown by region, country or even industry sector. A measure against which the performance of the fund can be assessed. The benchmark is set by the relevant investment professionals with the aim of either matching or beating it. The Citicode is a unique 4 character code given to the fund by FE. This is the date when the first investment was made into the fund. The ISIN (International Securities Identification Number) code is a unique 12 character code given to a fund and is used worldwide. The risk rating is an indication of the volatility and the change in value of the fund from day-to-day. Our risk ratings are based on both past performance and an assessment of the make-up of the fund. They are reviewed regularly and can change. The SEDOL (Stock Exchange Daily Official List) code is a unique 7 character code given to a fund and is used in the UK. Data Source: FE 2018 and Aviva. Aviva Life & Pensions UK Limited Registered in England No Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Reference Number Registered office: Aviva, Wellington Row, York, YO90 1WR. Telephone calls may be recorded. Date Produced: 30/06/2018 PPEN 6/C Page 4 of 4

5 Av MyM Clarks Growth As at 30 June 2018 This fact sheet is for information only and should not be considered as a financial promotion. It shows current information. The information may be different to that shown in literature, which will contain information at the time it was produced. Our systems which produce quotations, annual statements and provide online customer services may also differ while we update them. Fund holdings, asset allocation and past performance information should not be relied upon for buying and selling decisions. Fund aim The Fund aims to provide long term growth by investing in passively managed UK and overseas equity funds. Top holdings as at 30/06/2018 BlackRock AqCo Wld ExUKEq Pn S2 NV BlackRock AqCo UK Equity Pn S2 NAV 6.50 Total % of fund If the fund has more than 10 holdings this total will not add up to 100% Risk rating Aviva allocates the risk rating of a fund using two stages: Firstly, calculation of the volatility of historical performance based upon the guidelines recommended by the European Securities and Markets Authority (ESMA). Secondly, given that volatility is not the only indicator of a fund s risk, Aviva undertake additional research to identify any further risks that may impact the fund and therefore its final risk rating result Medium to high volatility: The historical performance of funds with this risk rating has typically experienced medium to high volatility compared with other funds Aviva has rated. This means that these funds have a medium to high potential for substantial changes in value compared with other Aviva insured funds. % Fund facts First price date 10/07/2018 Fund size 0.00m ABI Investment sector Global Equities Benchmark N/A SEDOL BF8L1F1 ISIN GB00BF8L1F18 Citicode OXBZ Additional expenses 0.01% Asset allocation as at 30/06/2018 Developed Market Equity (excluding UK) Global Equities 7.03 UK Equities 5.64 Emerging Market Equity 0.19 Cash/Money Market 0.14 Other 0.02 Total % The risks that apply to this fund can be found in the fund risk warnings section on page 3. % Page 1 of 4

6 Fund performance The information shown refers to the past. Past performance is not a reliable guide to future performance. Please be aware that the value of investments can fall as well as rise and are not guaranteed, which means you may get back less than you invested. These performance figures show fund performance, reflecting only the fund annual management charge. They do not reflect the actual costs that you may incur as a result of investing through a product with My Money where the additional scheme charges will decrease investment returns. The performance figures are on a single price, income reinvested basis and sourced from FE. Five year past performance information showing percentage increase or decrease 31/03/ /03/ /03/ /03/ /03/ /03/ /03/ /03/ /03/ /03/2018 Av MyM Clarks Growth Data will not exist for some periods if the fund was launched less than 5 years ago. Cumulative past performance to 30/06/2018 showing percentage increase or decrease 1 year 3 years 5 years 10 years Since first price date Av MyM Clarks Growth Data will not exist for some periods if the fund was launched less than 10 years ago. Page 2 of 4

7 Fund risk warnings For the risk warnings that apply to this fund please see below. Code Risk warnings Investment is not guaranteed: The value of an investment is not guaranteed and can go down as well as up. You could get back less than you have paid in. Price: At times, a fund may need to change the way its price is calculated to ensure that those moving into and out of the fund and existing unitholders/shareholders are treated fairly and are not disadvantaged by any large cashflows. A Suspend trading: Fund managers have the ability, in certain circumstances, to suspend trading in their funds for as long as necessary. When this occurs we will need to delay the cashing in or switching of units in the relevant fund. You may not be able to access your money during this period. The circumstances in which we may delay a switch, withdrawal or transfer can include but are not limited to the following: if a large number of customers want to take money out of the same fund at the same time; if there are practical problems selling the assets in which a fund is invested; if the fund (or part of it) is managed by an external company, they may insist on a delay. Stock Lending: Where a fund is involved in the temporary transfer of securities, there is a risk that the borrower may not be able to return the security to its owner. This may have a negative effect on the performance of the fund. Derivatives: Most funds can invest in derivatives for the purpose of efficient portfolio management or risk reduction. For funds that also use derivatives for investment purposes we apply an additional risk warning due to the possible increase in the risk and volatility of the fund. B C D L Currency Risk: Where a fund invests in share classes or securities priced in currencies other than the fund s base currency, changes in exchange rates can contribute to the value of the investment going up or down. Emerging Markets: Where a fund invests in emerging markets, it is likely to be more volatile than one that invests in developed markets. These markets may not be as strictly regulated and securities may be harder to buy and sell than those in more developed markets. These markets may also be politically unstable which can result in the fund carrying more risk. Smaller Companies: Where a fund invests in the shares of smaller companies, these shares can be more volatile and may be harder to buy and sell than larger company shares which can result in the fund carrying more risk. Reinsured Funds: Where a fund invests in an underlying fund operated by another insurance company through a reinsurance agreement, if the other insurance company were to become insolvent, you could lose some or all of the value of your investment in this fund. Page 3 of 4

8 Glossary ABI investment sector Additional expenses Asset allocation Benchmark Citicode First price date ISIN Risk rating SEDOL Every Aviva pension fund that is publicly available is compared to an Association of British Insurers (ABI) Investment Sector. The ABI Investment Sectors were introduced in 1997 to ensure that pension funds operating similar investment strategies are grouped together so that investors can compare them on a like-for-like basis, and get a better understanding as to how their fund is performing. For example, most UK Equity funds can be found in the ABI UK All Companies sector. Additional expenses relate to the administration of the fund and include custody, depositary, regulatory and trustee expenses. They are paid directly out of the underlying fund(s) and are reflected in the unit price. They are reviewed regularly and can change. Asset allocation shows the fund s assets on a percentage basis split across the different categories of assets the fund is invested in, such as shares, fixed interest, property and cash. If the fund invests in just one type of asset then this split will normally be shown by region, country or even industry sector. A measure against which the performance of the fund can be assessed. The benchmark is set by the relevant investment professionals with the aim of either matching or beating it. The Citicode is a unique 4 character code given to the fund by FE. This is the date when the first investment was made into the fund. The ISIN (International Securities Identification Number) code is a unique 12 character code given to a fund and is used worldwide. The risk rating is an indication of the volatility and the change in value of the fund from day-to-day. Our risk ratings are based on both past performance and an assessment of the make-up of the fund. They are reviewed regularly and can change. The SEDOL (Stock Exchange Daily Official List) code is a unique 7 character code given to a fund and is used in the UK. Data Source: FE 2018 and Aviva. Aviva Life & Pensions UK Limited Registered in England No Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Reference Number Registered office: Aviva, Wellington Row, York, YO90 1WR. Telephone calls may be recorded. Date Produced: 30/06/2018 PPEN 6/C Page 4 of 4

9 Av MyM Clarks Retirement Transition As at 30 June 2018 This fact sheet is for information only and should not be considered as a financial promotion. It shows current information. The information may be different to that shown in literature, which will contain information at the time it was produced. Our systems which produce quotations, annual statements and provide online customer services may also differ while we update them. Fund holdings, asset allocation and past performance information should not be relied upon for buying and selling decisions. Fund aim The Fund aims to provide long term growth at a lower level of risk than the Clarks Growth Fund by investing in a diversified portfolio of assets. The Fund invests in passively managed UK and overseas equities, with the remainder invested in UK government bonds, corporate bonds and cash. Top holdings as at 30/06/2018 BlackRock AqCo Consensus Pn S2 NAV Total % of fund If the fund has more than 10 holdings this total will not add up to 100% Risk rating Aviva allocates the risk rating of a fund using two stages: Firstly, calculation of the volatility of historical performance based upon the guidelines recommended by the European Securities and Markets Authority (ESMA). Secondly, given that volatility is not the only indicator of a fund s risk, Aviva undertake additional research to identify any further risks that may impact the fund and therefore its final risk rating result Medium volatility: The historical performance of funds with this risk rating has typically experienced medium volatility compared with other funds Aviva has rated. This means that these funds have a medium potential for substantial changes in value compared with other Aviva insured funds. % Fund facts First price date 10/07/2018 Fund size 0.00m ABI Investment sector Mixed Investment 40-85% Shares Benchmark N/A SEDOL BF8L1G2 ISIN GB00BF8L1G25 Citicode OXC1 Additional expenses 0.02% Asset allocation as at 30/06/2018 Global Equities Fixed Interest Cash/Money Market 5.75 Other 0.19 Total % The risks that apply to this fund can be found in the fund risk warnings section on page 3. % Page 1 of 4

10 Fund performance The information shown refers to the past. Past performance is not a reliable guide to future performance. Please be aware that the value of investments can fall as well as rise and are not guaranteed, which means you may get back less than you invested. These performance figures show fund performance, reflecting only the fund annual management charge. They do not reflect the actual costs that you may incur as a result of investing through a product with My Money where the additional scheme charges will decrease investment returns. The performance figures are on a single price, income reinvested basis and sourced from FE. Five year past performance information showing percentage increase or decrease 31/03/ /03/ /03/ /03/ /03/ /03/ /03/ /03/ /03/ /03/2018 Av MyM Clarks Retirement Transition Data will not exist for some periods if the fund was launched less than 5 years ago. Cumulative past performance to 30/06/2018 showing percentage increase or decrease 1 year 3 years 5 years 10 years Since first price date Av MyM Clarks Retirement Transition Data will not exist for some periods if the fund was launched less than 10 years ago. Page 2 of 4

11 Fund risk warnings For the risk warnings that apply to this fund please see below. Code Risk warnings Investment is not guaranteed: The value of an investment is not guaranteed and can go down as well as up. You could get back less than you have paid in. Price: At times, a fund may need to change the way its price is calculated to ensure that those moving into and out of the fund and existing unitholders/shareholders are treated fairly and are not disadvantaged by any large cashflows. A Suspend trading: Fund managers have the ability, in certain circumstances, to suspend trading in their funds for as long as necessary. When this occurs we will need to delay the cashing in or switching of units in the relevant fund. You may not be able to access your money during this period. The circumstances in which we may delay a switch, withdrawal or transfer can include but are not limited to the following: if a large number of customers want to take money out of the same fund at the same time; if there are practical problems selling the assets in which a fund is invested; if the fund (or part of it) is managed by an external company, they may insist on a delay. Stock Lending: Where a fund is involved in the temporary transfer of securities, there is a risk that the borrower may not be able to return the security to its owner. This may have a negative effect on the performance of the fund. Derivatives: Most funds can invest in derivatives for the purpose of efficient portfolio management or risk reduction. For funds that also use derivatives for investment purposes we apply an additional risk warning due to the possible increase in the risk and volatility of the fund. B C D E J L Currency Risk: Where a fund invests in share classes or securities priced in currencies other than the fund s base currency, changes in exchange rates can contribute to the value of the investment going up or down. Emerging Markets: Where a fund invests in emerging markets, it is likely to be more volatile than one that invests in developed markets. These markets may not be as strictly regulated and securities may be harder to buy and sell than those in more developed markets. These markets may also be politically unstable which can result in the fund carrying more risk. Smaller Companies: Where a fund invests in the shares of smaller companies, these shares can be more volatile and may be harder to buy and sell than larger company shares which can result in the fund carrying more risk. Fixed Interest: Where a fund invests in fixed interest securities, such as corporate or government bonds, changes in interest rates can contribute to the value of the investment going up or down. If interest rates rise, the value is likely to fall. Bonds with a lower credit rating are known as sub-investment grade or junk bonds. These carry an increased risk that the issuer of the bond will be unable to continue the interest payments or return the capital at maturity. Index-Linked: Where a fund invests in index-linked bonds, changes in inflation rates can contribute to the value of the investment going up or down. If inflation falls, the value is likely to fall. Reinsured Funds: Where a fund invests in an underlying fund operated by another insurance company through a reinsurance agreement, if the other insurance company were to become insolvent, you could lose some or all of the value of your investment in this fund. Page 3 of 4

12 Glossary ABI investment sector Additional expenses Asset allocation Benchmark Citicode First price date ISIN Risk rating SEDOL Every Aviva pension fund that is publicly available is compared to an Association of British Insurers (ABI) Investment Sector. The ABI Investment Sectors were introduced in 1997 to ensure that pension funds operating similar investment strategies are grouped together so that investors can compare them on a like-for-like basis, and get a better understanding as to how their fund is performing. For example, most UK Equity funds can be found in the ABI UK All Companies sector. Additional expenses relate to the administration of the fund and include custody, depositary, regulatory and trustee expenses. They are paid directly out of the underlying fund(s) and are reflected in the unit price. They are reviewed regularly and can change. Asset allocation shows the fund s assets on a percentage basis split across the different categories of assets the fund is invested in, such as shares, fixed interest, property and cash. If the fund invests in just one type of asset then this split will normally be shown by region, country or even industry sector. A measure against which the performance of the fund can be assessed. The benchmark is set by the relevant investment professionals with the aim of either matching or beating it. The Citicode is a unique 4 character code given to the fund by FE. This is the date when the first investment was made into the fund. The ISIN (International Securities Identification Number) code is a unique 12 character code given to a fund and is used worldwide. The risk rating is an indication of the volatility and the change in value of the fund from day-to-day. Our risk ratings are based on both past performance and an assessment of the make-up of the fund. They are reviewed regularly and can change. The SEDOL (Stock Exchange Daily Official List) code is a unique 7 character code given to a fund and is used in the UK. Data Source: FE 2018 and Aviva. Aviva Life & Pensions UK Limited Registered in England No Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Reference Number Registered office: Aviva, Wellington Row, York, YO90 1WR. Telephone calls may be recorded. Date Produced: 30/06/2018 PPEN 6/C Page 4 of 4

13 Av MyM Clarks Target Drawdown As at 30 June 2018 This fact sheet is for information only and should not be considered as a financial promotion. It shows current information. The information may be different to that shown in literature, which will contain information at the time it was produced. Our systems which produce quotations, annual statements and provide online customer services may also differ while we update them. Fund holdings, asset allocation and past performance information should not be relied upon for buying and selling decisions. Fund aim The Fund aims to achieve a total overall return by investing in a diversified portfolio of predominantly passively managed underlying funds. The Fund invests in UK and overseas equities, UK government bonds, corporate bonds and cash. It is designed for members looking to take advantage of the pensions flexibilities when they retire, for example enter into an income drawdown arrangement. Top holdings as at 30/06/2018 BlackRock AqCo CrBdAllSt Pn S2 Risk rating Aviva allocates the risk rating of a fund using two stages: Firstly, calculation of the volatility of historical performance based upon the guidelines recommended by the European Securities and Markets Authority (ESMA). Secondly, given that volatility is not the only indicator of a fund s risk, Aviva undertake additional research to identify any further risks that may impact the fund and therefore its final risk rating result Medium volatility: The historical performance of funds with this risk rating has typically experienced medium to high volatility compared with other funds Aviva has rated. This means that these funds have a medium to high potential for substantial changes in value compared with other Aviva insured funds. % BlackRock AqCo Wld ExUKEq Pn S2 NV BlackRock AqCo UK Equity Pn S2 NAV BlackRock AqCo AlStUKGtIdPn S BlackRock AqCo Ov 5Y ILG Pn S2 NAV 3.92 Cash 0.00 Total % of fund If the fund has more than 10 holdings this total will not add up to 100% Fund facts First price date 10/07/2018 Fund size 0.00m ABI Investment sector N/A Benchmark N/A SEDOL BF8L1F1 ISIN GB00BF8L1F18 Citicode OXBZ Additional expenses 0.02% Asset allocation as at 30/06/2018 Fixed Interest Developed Market Equity (excluding UK) UK Equities Global Equities 4.01 Cash/Money Market 1.15 Other 0.38 Property 0.09 Emerging Market Equity 0.05 Total % The risks that apply to this fund can be found in the fund risk warnings section on page 3. % Page 1 of 4

14 Fund performance The information shown refers to the past. Past performance is not a reliable guide to future performance. Please be aware that the value of investments can fall as well as rise and are not guaranteed, which means you may get back less than you invested. These performance figures show fund performance, reflecting only the fund annual management charge. They do not reflect the actual costs that you may incur as a result of investing through a product with My Money where the additional scheme charges will decrease investment returns. The performance figures are on a single price, income reinvested basis and sourced from FE. Five year past performance information showing percentage increase or decrease 31/03/ /03/ /03/ /03/ /03/ /03/ /03/ /03/ /03/ /03/2018 Av MyM Clarks Target Drawdown Data will not exist for some periods if the fund was launched less than 5 years ago. Cumulative past performance to 30/06/2018 showing percentage increase or decrease 1 year 3 years 5 years 10 years Since first price date Av MyM Clarks Target Drawdown Data will not exist for some periods if the fund was launched less than 10 years ago. Page 2 of 4

15 Fund risk warnings For the risk warnings that apply to this fund please see below. Code Risk warnings Investment is not guaranteed: The value of an investment is not guaranteed and can go down as well as up. You could get back less than you have paid in. Price: At times, a fund may need to change the way its price is calculated to ensure that those moving into and out of the fund and existing unitholders/shareholders are treated fairly and are not disadvantaged by any large cashflows. A Suspend trading: Fund managers have the ability, in certain circumstances, to suspend trading in their funds for as long as necessary. When this occurs we will need to delay the cashing in or switching of units in the relevant fund. You may not be able to access your money during this period. The circumstances in which we may delay a switch, withdrawal or transfer can include but are not limited to the following: if a large number of customers want to take money out of the same fund at the same time; if there are practical problems selling the assets in which a fund is invested; if the fund (or part of it) is managed by an external company, they may insist on a delay. Stock Lending: Where a fund is involved in the temporary transfer of securities, there is a risk that the borrower may not be able to return the security to its owner. This may have a negative effect on the performance of the fund. Derivatives: Most funds can invest in derivatives for the purpose of efficient portfolio management or risk reduction. For funds that also use derivatives for investment purposes we apply an additional risk warning due to the possible increase in the risk and volatility of the fund. B C D E J L N Currency Risk: Where a fund invests in share classes or securities priced in currencies other than the fund s base currency, changes in exchange rates can contribute to the value of the investment going up or down. Emerging Markets: Where a fund invests in emerging markets, it is likely to be more volatile than one that invests in developed markets. These markets may not be as strictly regulated and securities may be harder to buy and sell than those in more developed markets. These markets may also be politically unstable which can result in the fund carrying more risk. Smaller Companies: Where a fund invests in the shares of smaller companies, these shares can be more volatile and may be harder to buy and sell than larger company shares which can result in the fund carrying more risk. Fixed Interest: Where a fund invests in fixed interest securities, such as corporate or government bonds, changes in interest rates can contribute to the value of the investment going up or down. If interest rates rise, the value is likely to fall. Bonds with a lower credit rating are known as sub-investment grade or junk bonds. These carry an increased risk that the issuer of the bond will be unable to continue the interest payments or return the capital at maturity. Index-Linked: Where a fund invests in index-linked bonds, changes in inflation rates can contribute to the value of the investment going up or down. If inflation falls, the value is likely to fall. Reinsured Funds: Where a fund invests in an underlying fund operated by another insurance company through a reinsurance agreement, if the other insurance company were to become insolvent, you could lose some or all of the value of your investment in this fund. Alternative Investments: Where a fund invests in alternatives, it may carry more risk as these instruments are generally priced less regularly and may be harder to buy and sell than investments in more conventional asset classes. Alternatives include commodities, hedge funds, private equity, real estate investment trusts (REITS), venture capital and currencies. Page 3 of 4

16 Glossary ABI investment sector Additional expenses Asset allocation Benchmark Citicode First price date ISIN Risk rating SEDOL Every Aviva pension fund that is publicly available is compared to an Association of British Insurers (ABI) Investment Sector. The ABI Investment Sectors were introduced in 1997 to ensure that pension funds operating similar investment strategies are grouped together so that investors can compare them on a like-for-like basis, and get a better understanding as to how their fund is performing. For example, most UK Equity funds can be found in the ABI UK All Companies sector. Additional expenses relate to the administration of the fund and include custody, depositary, regulatory and trustee expenses. They are paid directly out of the underlying fund(s) and are reflected in the unit price. They are reviewed regularly and can change. Asset allocation shows the fund s assets on a percentage basis split across the different categories of assets the fund is invested in, such as shares, fixed interest, property and cash. If the fund invests in just one type of asset then this split will normally be shown by region, country or even industry sector. A measure against which the performance of the fund can be assessed. The benchmark is set by the relevant investment professionals with the aim of either matching or beating it. The Citicode is a unique 4 character code given to the fund by FE. This is the date when the first investment was made into the fund. The ISIN (International Securities Identification Number) code is a unique 12 character code given to a fund and is used worldwide. The risk rating is an indication of the volatility and the change in value of the fund from day-to-day. Our risk ratings are based on both past performance and an assessment of the make-up of the fund. They are reviewed regularly and can change. The SEDOL (Stock Exchange Daily Official List) code is a unique 7 character code given to a fund and is used in the UK. Data Source: FE 2018 and Aviva. Aviva Life & Pensions UK Limited Registered in England No Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Reference Number Registered office: Aviva, Wellington Row, York, YO90 1WR. Telephone calls may be recorded. Date Produced: 30/06/2018 PPEN 6/C Page 4 of 4