My LV= Pension Plan Global Shares Fund XE Fund Factsheet 2nd Quarter 2018

Transcription

1 This factsheet has been produced to provide you with information on this blended fund. It includes information on the investment objective of the fund, where the fund is invested, risk information and may also include past performance. This factsheet is for information only. It is not designed to provide advice on the suitability of an investment for your personal financial situation. If you have any questions regarding the information included in this factsheet, you are recommended to speak to the Trustees in the first instance. This fund is made available by Aviva. The aim, objective and composition of this blended fund has been set by the Trustees of My LV= Pension Plan on the recommendation of the Advisers to the scheme. The most up to date factsheet is available from aviva.co.uk/ membersite Additional information may also be available from the Trustees. Investment Objective BlackRock state that the fund invests in the shares of UK and developed overseas companies, according to market capitalisation weightings. Within each of those markets, the fund aims to generate returns consistent with those of each country's primary share market. This fund aims to achieve a return in line with the FTSE All World Developed Index. Fund Information (as at 30/06/2018) Launch Date 17/12/2009 Fund size ( m) Benchmark FTSE All World Developed Index Fund Risk Rating* 5 Special Risk Factors** A,B,C,D,L * The risk rating has been determined by Aviva. Please see the description of the risk ratings on the following page(s). ** Some funds carry particular risks. Please see the description of the risk warnings which apply to this fund on the following page(s). AV BlackRock World (Aquila C) XE Information (as at 31/05/2018) Launch date 27/07/2010 Fund size ( m) Principal Holdings for AV BlackRock World (Aquila C) XE (as at 29/06/2018) 1. AV BlackRock World Equity Index (Aquila Life) XE 100.0% Discrete net performance of the to end of June 2018 % growth 10.1% 25.6% 12.5% 5.8% 11.5% Discrete performance of the benchmark to end of June 2018 % growth 9.2% 22.2% 14.1% 5.9% 11.3% The performance information above relates to the benchmark for the fund. The benchmark has been determined by Trustees of the My LV= Pension Plan. Benchmark performance is shown on a Total Return basis. This assumes that any income was taxed at basic rates of income tax and then reinvested. The benchmark will not include costs or charges which would apply to the fund or those likely to be incurred if constructing such a portfolio generally. The fund may under perform or outperform its benchmark over any given period. Please be aware that past performance is not a guide for future performance.

2 Cumulative performance of the to end of June year 2 years 3 years 5 years 10 years % growth 10.1% 38.2% 55.5% 83.4% - Discrete performance of the underlying fund to end of June 2018 % growth 9.8% 22.9% 14.8% 10.7% 10.6% Cumulative performance of the underlying fund to end of June year 2 years 3 years 5 years 10 years % growth 9.8% 35.0% 55.0% 89.8% - The performance information above does NOT relate to the fund, but to the current underlying fund, which is the AV BlackRock World (Aquila C) XE. The performance of the will not match that of the AV BlackRock World (Aquila C) XE, for example due to fund charges, pricing points, appropriate adjustments for taxation or because the underlying funds held have changed. Please be aware that past performance is not a guide for future performance. The value of units may fall as well as rise and is not guaranteed. You may get back less than you invest. The fund has a single daily price which means that on any given day, Aviva uses the same price for buying and selling units. Any income the fund receives will be reinvested in the fund. Fund information and performance figures are compiled using data sourced by FE (formerly Financial Express). Further Information Benchmark Where available, is a measure (or measures) against which fund performance may be assessed. Performance Information This fund is made available by Aviva only and may purchase assets (such as shares or bonds) or units in other funds as specified by the Trustees of My LV= Pension Plan Scheme who are responsible for selecting the fund(s) held within the blended fund; these funds can change from time to time. Performance is calculated using the unit price for the periods shown. Although Aviva takes every care to ensure that the data provided by or to, external sources about funds is accurate, occasionally discrepancies may occur for example due to pricing delays. In all cases Aviva will endeavour to ensure that these discrepancies are corrected at the earliest opportunity. Aviva accept no liability for loss due to such discrepancies, for example where the investor has relied on the information contained in the individual fund factsheet to help them make investment decisions. Information about charges Charges are taken to pay for the fund management, policy administration and any other costs reasonably incurred. In addition to the fund management charge, there may be additional fund expenses. These are expenses incurred by the fund such as custodian fees, audit fees, depository/trust fees. The performance figures shown include annual fund management charges and other fund expenses and product charges which may not be the charges which apply to your scheme. Additional information may also be available from the Trustees.

3 Continued from previous page Pricing The unit price of this fund normally reflects the price at which the underlying assets can be purchased. However, when there are more units being cancelled from a fund than are being purchased, the unit price will normally be lower to reflect the price at which the underlying assets can be sold. Where a fund invests in shares or other assets which are designated in a different currency to the fund, prices may rise and fall purely as a result of exchange rate fluctuations. Where the underlying fund is denominated in a different currency to the blended fund, exchange rates will influence the blended fund past performance figures either positively or negatively. It should be noted that the performance of the Aviva fund may not necessarily match the performance of the underlying fund due to fund charges and appropriate adjustments for taxation. Aviva reserves the right to revise its charges at any time. Different funds carry different levels of risk. Investors may not get back the full amount invested. Restrictions on transactions Aviva may delay dealings in a fund such as surrenders or switches for up to one month (for example when dealings on a stock exchange are suspended), or six months for funds that invest in property (so that a property can be sold if necessary). In exceptional circumstances these periods may be extended where this is fair to policyholders invested in a fund. Any transactions delayed will be based on the unit price when the transaction actually takes place. For further information about moving your investments please refer to the information made available by the Trustees. Factsheets are updated quarterly. The most up to date factsheet is available from:

4 Introduction to Risk Rating Aviva calculates its risk ratings using historical performance data, based upon the methods set by European Union rules. We also carry out further research using information from the underlying fund s investment manager(s). We review each fund s risk rating annually and it may change over time. The timing of your investment decisions is very important and you should consult a financial adviser. Past performance is not a guarantee of future performance. Our risk ratings go from 1 to 7, with 1 being the lowest and 7 the highest. As a point of reference, a fund with a risk rating of 4 (medium volatility) would typically experience the volatility you would expect from a fund invested in a range of different types of investment (for example shares, property and bonds) without any bias to a particular investment type. 1. 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 funds. 2. The historical performance of funds with this risk rating has typically experienced low volatility compared with other funds Aviva has rated. This means that these funds have a low potential for substantial changes in value compared with other Aviva funds. 3. The historical performance of funds with this risk rating has typically experienced low to medium volatility compared with other funds Aviva has rated. This means that these funds have a low to medium potential for substantial changes in value compared with other Aviva funds. 4. 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 funds. 5. 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 funds. 6.The historical performance of funds with this risk rating has typically experienced high volatility compared with other funds Aviva has rated. This means that these funds have a high potential for substantial changes in value compared with other Aviva funds. 7. The historical performance of funds with this risk rating has typically experienced the highest volatility of all the funds Aviva has rated. This means that these funds have the highest potential for substantial changes in value compared with other Aviva funds. Special Risk Warnings Some funds carry particular risks because of the type of asset and/or area of the world they invest in. Below is a list of all the risk warnings that apply to this fund. A General 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 exisiting unitholders/shareholders are treated fairly and are not disadvantaged by any large cashflows. 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.

5 Continued from previous page 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. B - 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. C - 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. D - 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. L - 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. Aviva Life and Pensions UK Limited Aviva Life & Pensions UK Limited. Registered in England No Registered office: Wellington Row, York, YO90 1WR. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Reference Number