Scottish Equitable Neptune Balanced (Closed to new investors)

Fund information

About fund performanceInvestors should always consider performance in relation to the objective of the fund and over periods of at least five years. If a fund has risen in value, it doesn’t mean it is meeting its objective – especially if the fund is aiming to outperform a particular benchmark or meet a risk target. The same applies if the fund has fallen in value.

Our risk rating

Average risk funds will generally invest in a broad range of investment types and will typically hold a significant proportion in equities (shares). Their daily price movements will therefore vary from day-to- day, both up and down, although not usually as much as for funds investing entirely in equities. These movements can lead to lengthy periods of negative returns depending on market conditions. However, over the longer term these funds would be expected to deliver significantly better growth prospects than a cash deposit.

Fund provider Aegon/Scottish Equitable plc

Fund launch date 30 Jun 2010

Benchmark Composite Index

Total charge* 1.85%

Aegon fund size £9.56m

ABI sector ABI Mixed Investment 40-85% Shares

Fund type Pension

ISIN GB00B3YF9H17

SEDOL B3YF9H1

Aegon mnemonic NBL

CitiCode KDF4

*This includes a standard 1% product charge, a fixed management fee and expenses that vary with the day to day costs of running the fund. You may pay a different product charge.

Fund objectiveThe fund aims to generate a positive total return (combination of income and capital growth), from investment mainly in equities (shares) and bonds with a view to delivering top-quartile (in the top 25% of funds) performance among the relevant peer group. Other eligible asset classes may include collective investment schemes, other transferable securities, cash or near cash, deposits and money market instruments. The Fund has the facility to take tactical positions in cash or near cash should the manager feel it appropriate There's no guarantee that either the target or positive returns will be achieved. The Scottish Equitable fund has higher charges and will therefore be less likely to meet this target.

Fund performanceThe following graph and tables show the performance of the fund over various time periods compared to the fund’s benchmark (if there is one). All performance information is as at 31 Mar 2018 unless otherwise stated.

In the graph, performance is shown since launch if the fund is less than five years old.

1yr 3yrs 5yrs 10yrsFund 6.0% 5.0% 5.7% -Benchmark 1.2% 6.7% 7.6% -Sector quartile 1 3 3 -

Mar 17 to Mar 18

Mar 16 to Mar 17

Mar 15 to Mar 16

Mar 14 to Mar 15

Mar 13 to Mar 14

Fund 6.0% 20.2% -9.2% 12.4% 1.7%Benchmark 1.2% 22.1% -1.7% 10.3% 7.6%Sector quartile 1 2 4 1 4

Composite Index: 50% FTSE All Share / 35% MSCI World ex UK / 15% LIBOR GBP Overnight

Source: FE. The performance information has been calculated in pounds on a bid-to-bid basis and is net of charges with gross income reinvested. Performance for periods over a year is annualised (% per year). Past performance is not a guide to future performance. The value of an investment can fall as well as rise and is not guaranteed. Investors could get back less than they originally invested.

For customers

As at 31 March 2018

Scottish Equitable Neptune Balanced (Closed to new investors)

Scot Eq(P) Neptune Balanced Composite

Per

cent

age

grow

th

Apr 13 Jul 14 Oct 15 Jan 17 Apr 18

0%

25%

50%

75%

Powered by data from FE

© FE 2018. All rights reserved. FE has compiled this data on behalf of Aegon and this is provided at your own risk. You agree that neither FE nor Aegon will be responsible for any damages or losses arising from use of this information and that the data must not be relied upon without appropriate verification.

Scottish Equitable Neptune Balanced (Closed to new investors)

Underlying fund

Fund manager information

Fund mgmt group Neptune Investment Management

Fund name Balanced

Launch date 31 Dec 1998

Fund size £464.10m as at 31 Mar 2018

SEDOL 0482192

ISIN GB0004821921

Crown rating

Fund manager Robin Geffen

Start date 31 Dec 1998

Robin founded Neptune Investment Management in May 2002 and is the architect of Neptune's real world investment approach. He graduated from Oxford University in 1979 and began his investment career at Charterhouse J Rothschild before moving onto Eagle Star, York Trust plc and then Scottish Equitable, where he set up their pooled fund business. Robin joined Orbitex Investments Limited as Chief Investment Officer in 1997 and was most recently Global CIO – Pensions before founding Neptune.

Asset allocation as at 31 Mar 2018

Top holdings as at 31 Mar 2018Name WeightAMAZON.COM INC 4.4%ALPHABET INC 3.2%CME GROUP INC 3.2%MICROSOFT CORP 3.1%TENCENT HLDGS LIMITED 2.7%MANDARIN ORIENTAL INTERNATIONAL 2.6%VISA INC 2.5%ALIBABA GROUP HLDG LTD 2.5%APPLE INC 2.4%FACEBOOK INC 2.4%Total 29.0%

Source of fund breakdown and holdings: Fund mgmt group

Name Fund

International Equities 81.9%

Global Fixed Interest 13.9%

Private Equity 0.8%

Alternative Assets 0.7%

Money Market 2.7%

Total 100.0%

© FE 2018. All rights reserved. FE has compiled this data on behalf of Aegon and this is provided at your own risk. You agree that neither FE nor Aegon will be responsible for any damages or losses arising from use of this information and that the data must not be relied upon without appropriate verification.

Scottish Equitable Neptune Balanced (Closed to new investors)

Risks specific to this fundThere is no guarantee the fund will meet its objective. The value of an investment can fall as well as rise and investors could get back less than they originally invested. All funds carry a level of risk and the information below outlines the key risks for this fund.

Currency risk - this fund invests overseas so its value will go up and down in line with changes in currency exchange rates. This could be good for the fund or bad, particularly if exchange rates are volatile.

Third party risk - in the event that the underlying investments which the fund invests in suspend trading, Aegon may defer trading and/or payment to investors. The value ultimately payable will depend on the amount Aegon receives or expects to receive from the underlying investments.

Aegon is a brand name of Scottish Equitable plc. Scottish Equitable plc, registered office: Edinburgh Park, Edinburgh EH12 9SE. Registered in Scotland (No. 144517). Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register number 165548. An Aegon company.