September 2023

Scottish Widows Global Equity CS8

Fund Objective Fund Performance (31/10/2018 - 01/10/2023)
The fund invests via the SWUTM
Global Growth OEIC Fund. The Global 75%
Growth OEIC Fund aim is:To achieve
long term capital growth by investing
predominantly in a portfolio of
companies which are part of the MSCI
World Index or the MSCI Emerging 50%
Markets Index (the “Indices”). The Fund
seeks to deliver performance, before
deduction of management fees, in
excess of a blended return of the
Indices, with a similar level of overall 25%
volatility, over the long term. Of the two
Indices, the fund will investalmost
exclusively in companies that are part
of the MSCI World Index. The Fund
may only take limited positions away 0%
from the Indices. This means there are
limitations on the extent to which the
Fund’s investment in various sectors*
may differ to the Index. These limited
positions can be more than is held in Oct 18 Jan 20 Apr 21 Jul 22 Oct 23
the Index (overweight) or less than is Powered by data from FE fundinfo
held in the Index (underweight).* A Fund ABI Sector
sector is a business area, industry or
economy which shares the same
characteristics. Company shares are Cumulative Performance (to 30/09/2023)
typically grouped into different sectors
3 Months 6 Months 1 Year 3 Years 5 Years
depending on the company’s business,
for example travel and leisure or
Fund 1.62% 5.81% 11.34% 40.52% 45.49%
telecommunications. Fund Changes -
https://www.scottishwidows.co.uk/
ABI Sector -0.28% 2.36% 8.41% 24.80% 34.60%
global/fundchanges/
Quartile 1 1 2 1 1
Fund Features
From 28th September 2019, we
replaced Aberdeen Asset Investments Annualised Performance (to 30/09/2023)
with Schroders Investment
Management as Investment Adviser to 3 Years 5 Years 10 Years
the underlying OEIC fund. We believe
this appointment will benefit through the Fund 12.01% 7.79% 9.99%
prospect of improved future
performance, and the fund will continue ABI Sector 7.67% 6.12% 8.55%
to be managed within its existing risk
profile. Schroders will be responsible Rolling Year Performance (to 30/09/2023)
for day-today asset management with
Scottish Widows continuing to be Year to Year to Year to Year to Year to
responsible overall for the fund. 30/09/2019 30/09/2020 30/09/2021 30/09/2022 30/09/2023
Schroders performance will be regularly Fund 2.86% 0.66% 25.19% 0.81% 11.34%
monitored. Transition Costs We expect
Schroders will change some of the ABI Sector 5.51% 2.22% 23.43% -6.73% 8.41%
assets currently held within the fund, to
reflect their views of assets, economic
forecasts and the market. Changes to Source: FE fundinfo as at 30/09/2023. Performance in the chart is shown up to and including the last working day
of the current quarter.
assets will result in a short-term
increase in transaction costs to the Fund performance data is based on a single price basis, net of fees and expenses deducted from the unit price.
fund, however, these will be capped Other charges may apply, which are specific to individual plans.
and monitored by us in order to limit
their impact on short-term performance. You shouldn’t use past performance as a measure of future performance.
More information on the change in
Investment Adviser, transaction costs
*This is the benchmark that has been selected to compare the performance of the fund.
and the limits that apply can be found
on the Fund Changes link.

Fund Information
Launch Date 31/07/2000
Unit Price 138.40p
ABI Sector ABI Global
Equities
Yearly Fund 0.100%
Charges
These are the charges that are
deducted within the unit price.
SEDOL BMRRZS0
ISIN GB00BMRRZS05
MexID SCACJU
This fund factsheet is for information only and is written assuming you are familiar with investment terminology. It has been provided to help you understand how the
fund is invested and performing. It should not be used for making investment decisions.
September 2023

Things you need to know Fund Holdings

All funds carry some risk and you Asset Split as at 29/09/2023
should consider these risks before
making an investment decision. The North American Equities 65.63%
value of investments and any income Europe ex UK Equities 14.48%
from them can fall as well as rise and Global Emerging Market Equities 7.96%
will be reduced in real terms by the Japanese Equities
effects of inflation. 4.34%
UK Equities 4.06%
The main factors which may increase Asia Pacific ex Japan Equities 2.37%
the risk of this fund include: Property Shares 0.39%
• The amount invested in company Futures 0.26%
shares Money Market 0.51%
• The split between government and
corporate bonds Sector Split as at 29/09/2023
• The extent to which the fund invests in
high yield assets Information Technology 22.04%
• The amount held in overseas assets Health Care 12.27%
• Any concentration in specific areas or Industrials 12.01%
sectors Financials 11.39%
Consumer Discretionary 10.83%
Communication Services 6.38%
Materials 4.98%
Consumer Staples 4.69%
Energy 4.43%
Utilities 1.31%
Real Estate 0.93%
Derivatives 0.26%
Cash 0.51%
Other 7.97%

Due to rounding figures may not add up to 100%.

Top Holdings
SCOT WIDOWS UT MGR EMERG MKTS CLS X ACC NAV 7.96%
APPLE INCORPORATED COMMON STOCK NPV 5.40%
MICROSOFT CORPORATION COMMON STOCK USD0.0000125 3.24%
ALPHABET INCORPORATED CL A NPV 2.92%
META PLATFORM INCORPORATED COMMON STOCK USD0.000006 1.95%
NVIDIA CORPORATION COMMON STOCK USD0.001 1.80%
BROADCOM INCORPORATED COMMON STOCK NPV 1.40%
MASTERCARD INCORPORATED CLASS A COMMON STOCK USD0.0001 1.39%
ABBVIE INCORPORATED COMMON STOCK USD0.01 1.32%
NOVO NORDISK CLASS B 1.28%

This information is based on available data for the underlying Scottish Widows pension fund(s) and target fund
holdings shown. Scottish Widows sources its funds data from FE fundinfo. The timeliness of this data is affected
by the speed and regularity of their publication by the fund administrator.

Contact Details
For more information, contact:
Scottish Widows Workplace Savings
PO Box 24173
69 Morrison Street
Edinburgh
EH3 1HP
0800 030 4428
September 2023

Further Information
Yearly Fund Charges - This figure
includes the total charges and
expenses that are deducted from the
fund and are reflected in the unit price.
Cumulative Performance - Cumulative
Performance shows the total growth of
the fund over a specified period of time,
expressed as a percentage of the value
at the start of the period.
Annualised Performance - Annualised
Performance shows the conversion of
the growth of the fund over 3, 5 and 10
year periods into an equivalent annual
rate, to aid comparison between
different investments. The annual return
is compounded over the time period
being measured.
Rolling Year Performance - Rolling
Year Performance shows the growth of
the fund in percentage terms over each
of the last five calendar years. The
periods run up to the latest calendar
quarter end (March, June, September
and December).

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

This factsheet is powered by data from FE fundinfo. (https://www.fe-fundinfo.com)