We’re making changes to some of the SL TM Brunsdon funds

The SL TM Brunsdon Cautious Growth Pension Fund invests primarily in the TM Brunsdon Cautious Growth Fund. The aim of the TM Brunsdon Cautious Growth Fund is summarised below. 

The aim of the Fund is to provide capital growth, that is, to increase the value of your investment, over a period of at least 7 years. It will invest at least 70% in other collective investment schemes, investment trusts and exchange traded funds (collectively "Investment Funds"). This could include other Investment Funds managed by the Authorised Corporate Director or the Investment Manager. Through these Investment Funds, the Fund will have exposure to a range of global asset classes, including: Up to 35% in shares of companies. At least 45% in investment grade and sub-investment grade bonds (which are loans typically issued by companies and governments). The remainder will be in other eligible investments, such as property and cash. The Fund may also hold up to 30% directly in money market instruments (shorter term loans), cash and structured products. The Fund may use derivatives (instruments whose returns are linked to another asset, market or other variable factor), or forward transactions to manage currency exposure (hedging) for efficient portfolio management. Other Investment Funds purchased may have the ability to use derivatives to varying degrees. The Fund will be actively managed, which means the Investment Manager decides which investments to buy and sell and when. 

The value of any investment can fall as well as rise and is not guaranteed - you may get back less than you pay in. 

The SL IFSL Magnus Max 35% Equity Pension Fund invests primarily in the IFSL Magnus Max 35% Equity Fund. The aim of the IFSL Magnus Max 35% Equity Fund is summarised below. 

The aim of the Fund is to increase the value of an investment over a minimum of 5 years. The Fund will do this through a combination of capital growth, which is profit on investments held, and income received by the Fund, which is money paid out of investments, such as dividends and interest.  

The Fund is actively managed, which means the Investment Manager decides which investments to buy or sell, and when. 

The Fund will invest at least 80% in collective investment schemes, investment trusts and exchange traded products, i.e. ETFs/ETCs, (collectively “Investment Funds”), with no minimum or maximum exposure to any geographic region. This could include other Investment Funds managed by the Authorised Corporate Director, the Investment Manager or one of their associates. 

Through these Investment Funds, the Fund will gain exposure to: 

• At least 45% in bonds, which are loans typically issued by companies, governments and other institutions, cash or money market instruments (which are short term loans), normally between 55-75%. 
• Up to 35% in shares in companies, also known as equities, normally between 25-35%. 
• Up to 20% in alternative asset types, such as infrastructure, commodities (e.g. gold and oil), property, and absolute return funds (which aim to deliver positive returns in all market conditions), normally below 15%. 

The exposure to the shares in companies and bonds above may also be achieved through direct investment, however this will be limited to 20% of the Fund. 

The Fund may also hold up to 20% in cash to enable the ready settlement of liabilities, for the efficient management of the portfolio and in pursuit of the Fund’s investment objective. 

The Fund may use derivatives, which are instruments which have returns linked to another asset, market or other variable factor. These may be used to help reduce risk in the Fund for efficient portfolio management purposes (also known as hedging). The Fund may not always hold these instruments, however at times, they may be held for extended periods. Additionally, Investment Funds purchased may have the ability to use derivatives to varying degrees. 

The value of any investment can fall as well as rise and is not guaranteed - you may get back less than was paid in.

The SL TM Brunsdon Adventurous Growth Pension Fund invests primarily in the TM Brunsdon Adventurous Growth Fund. The aim of the TM Brunsdon Adventurous Growth Fund is summarised below. 

The aim of the Fund is to provide capital growth, that is, to increase the value of your investment, over a period of at least 7 years. It will invest at least 70% in other collective investment schemes, investment trusts and exchange traded funds (collectively "Investment Funds"). This could include other Investment Funds managed by the Authorised Corporate Director or the Investment Manager. Through these Investment Funds, the Fund will have exposure to at least 75% in shares in companies globally, the remainder will be made up of other eligible assets, such as bonds (investment grade and sub-investment grade), property and cash. The Fund may also hold up to 30% directly in shares in companies, bonds (which are loans typically issued by companies and governments) graded investment grade and above, money market instruments (shorter term loans), cash and structured products. The Fund may use derivatives (instruments whose returns are linked to another asset, market or other variable factor), or forward transactions to manage currency exposure (hedging) for efficient portfolio management. Other Investment Funds purchased may have the ability to use derivatives to varying degrees. The Fund will be actively managed, which means the Investment Manager decides which investments to buy and sell and when. 

The value of any investment can fall as well as rise and is not guaranteed - you may get back less than you pay in. 

The SL IFSL Magnus Max 85% Equity Pension Fund invests primarily in the IFSL Magnus Max 85% Equity Fund. The aim of the IFSL Magnus Max 85% Equity Fund is summarised below. 

The aim of the Fund is to increase the value of an investment over a minimum of 5 years. The Fund will do this through a combination of capital growth, which is profit on investments held, and income received by the Fund, which is money paid out of investments, such as dividends and interest. 

The Fund is actively managed, which means the Investment Manager decides which investments to buy or sell, and when. 

The Fund will invest at least 80% in collective investment schemes, investment trusts and exchange traded products, i.e. ETFs/ETCs, (collectively “Investment Funds”), with no minimum or maximum exposure to any geographic region. This could include other Investment Funds managed by the Authorised Corporate Director, the Investment Manager or one of their associates. 

Through these Investment Funds, the Fund will gain exposure to: 

• Between 40% and 85% in shares in companies, also known as equities, normally between 75-85%. 
• Up to 60% in bonds, which are loans typically issued by companies, governments and other institutions, cash or money market instruments (which are short term loans), normally between 5-25%. 
• Up to 20% in alternative asset types, such as infrastructure, commodities (e.g. gold and oil), property, and absolute return funds (which aim to deliver positive returns in all market conditions), normally below 15%. 

The exposure to the shares in companies and bonds above may also be achieved through direct investment, however this will be limited to 20% of the Fund. 

The Fund may also hold up to 20% in cash to enable the ready settlement of liabilities, for the efficient management of the portfolio and in pursuit of the Fund’s investment objective. 

The Fund may use derivatives, which are instruments whose returns are linked to another asset, market or other variable factor. These may be used to help reduce risk in the Fund for efficient portfolio management purposes (also known as hedging). The Fund may not always hold these instruments, however at times, they may be held for extended periods. Additionally, Investment Funds purchased may have the ability to use derivatives to varying degrees. 

The value of any investment can fall as well as rise and is not guaranteed - you may get back less than was paid in.