SW BlackRock Managed Pension Series 2

The Fund aims to achieve capital growth on your investment as well as the generation of some income, where market conditions allow. The Fund may invest in shares, fixed income securities, money-market instruments, funds and cash. The fixed income securities and moneymarket instruments will be issued by governments, government agencies, companies and supranationals. The Fund will invest in the full range of fixed income securities and moneymarket instruments which may include investments with a relatively low credit rating or which are unrated. Investment may be made globally in any and all economic sectors, although under normal market conditions, there will be an emphasis on the United Kingdom. The Fund can use derivatives as part of its investment strategy. This can increase the overall risk profile of the Fund.