Unit-linked

Goldman Sachs Asset Management (GSAM) manages the SLOC Fixed Interest Fund.

Established in 1988, Goldman Sachs Asset Management (GSAM) is one of the world’s leading asset managers with $1.45 trillion in assets under supervision (AUS)* and are recognised as a market leader in risk budgeting and risk optimisation. Their experienced investment teams offer a unified, and broad range of competitive products across asset classes, regions and the risk spectrum. GSAM has extensive experience developing and implementing custom investment solutions for institutions across the globe. The investment culture is defined by three core attributes; research intensive, risk aware and globally collaborative to demonstrate commitment to investors’ long term goals.

Source: GSAM as of June 2019.

* Assets Under Supervision (AUS) includes assets under management and other client assets for which Goldman Sachs does not have full discretion.

For more information, please visit www.goldmansachs.com.

Sun Life Institutional Investments (Canada) Inc.

More information can be found at http://www.sunlifeinvestmentmanagement.com/im

Sun Life Capital Management (Canada) Inc. is a global institutional asset manager that provides innovative and diversified solutions to meet its clients’ evolving needs. It is part of Sun Life Financial, one of Canada’s oldest and most trusted financial institutions. Sun Life Financial is known for its time-tested risk management strategies. SLC Management incorporates these proven risk management strategies into all its mandates.

Goldman Sachs Asset Management (GSAM) manages the SLOC Index Linked Fund.

Established in 1988, Goldman Sachs Asset Management (GSAM) is one of the world’s leading asset managers with $1.45 trillion in assets under supervision (AUS)* and are recognised as a market leader in risk budgeting and risk optimisation. Their experienced investment teams offer a unified, and broad range of competitive products across asset classes, regions and the risk spectrum. GSAM has extensive experience developing and implementing custom investment solutions for institutions across the globe. The investment culture is defined by three core attributes; research intensive, risk aware and globally collaborative to demonstrate commitment to investors’ long term goals.

Source: GSAM as of June 2019.

* Assets Under Supervision (AUS) includes assets under management and other client assets for which Goldman Sachs does not have full discretion.

For more information, please visit www.goldmansachs.com.

Aberdeen Standard Investments manages the Money portion of the International Equity Fund.

Standard Life Aberdeen plc is one of the world’s largest investment companies, created in 2017 from the merger of Standard Life plc and Aberdeen Asset Management PLC. Operating under the brand Aberdeen Standard Investments, the investment arm manages £505.1bn of assets at 31 December 2018, making it the largest active manager in the UK and one of the largest in Europe. It has a significant global presence and the scale and expertise to help clients meet their investment goals.

As a leading global asset manager, Aberdeen Standard Investments is dedicated to creating long-term value for clients. The investment needs of their clients are at the heart of what they do. They offer a comprehensive range of investment solutions, as well as the very highest level of service and support.

*Source: Aberdeen Standard Investments June 2019.

For more information, please visit www.aberdeenstandard.com

Baillie Gifford manages the Emerging Markets and Japan Equity portions of the International Equity Fund.

Baillie Gifford is an independent private partnership investment management firm based in Edinburgh, Scotland.

The firm has built its success around the stability of its partnership structure which provides reassurance for clients and motivation for employees. As at 30 June 2019, there were 43 partners of the firm and just under 1200 employees. As at 30 June 2019 they managed more than £207 billion* in active equity, multi-asset and bond portfolios for clients in the UK and throughout the world, combining experience, enthusiasm, curiosity and sound judgement.

*Source: Baillie Gifford June 2019.

For more information, please visit www.bailliegifford.com

Schroders Investment Management manages the European Equity portion of the International Equity Fund.

Schroders has developed under stable ownership for over 200 years and we are one of the largest asset managers listed on the London Stock Exchange. Asset management is our business and our goals are completely aligned with those of our clients – the creation of long-term value.

Schroders dates its foundation to 1804. Since then the world has experienced unprecedented economic, technological and political change: what hasn’t changed is the Schroder family’s unbroken commitment to the firm’s success. The family holds 47.93% of the equity of the firm, ensuring stability of ownership and providing security for our clients.

Schroders has a global outlook on business, rooted in its early operations in international trade and finance. The firm later expanded into securities issuing to finance infrastructure and development in the Americas, Europe and Asia, always spotting opportunities for growth in markets new and old.

Schroders took on its first pension fund mandate in 1947 and opened its first retail unit trust in 1968, while offices and joint ventures were opened in all major global markets. Today the Schroders Group employs over 4,300 employees* across 32 countries. We are a global asset and wealth manager with assets under management amounting to £424.4 billion as at 31 March 2019**.

*Based on permanent employees as at 31 March 2019.

** AUMA is the combined value of AUA and AUM. As at 31 December 2018 AUMA was £421.4 billion and our assets under management were £407.3 billion.

Source: Schroders, as at 31 March 2019.

For more information, please visit www.schroders.com

BlackRock manages the North American Equity portion of the International Equity Fund.

BlackRock is a premier provider of global investment management services. As at 31 December 2019, BlackRock managed $7.42 trillion across equity, fixed income, alternatives, multi-asset, and cash management strategies for institutional and retail clients. Through BlackRock Solutions® (“BRS”), the firm provides risk management and advisory services that combine capital markets expertise with internally developed systems and technology.

BlackRock was founded in New York City in 1988 by eight partners, five of whom remain active in the firm today. They instilled in this firm: a determination to put client needs and interests first; a dedication to data-driven investing; a passion for understanding and managing risk; and a culture that championed technology and innovation. By listening to clients and understanding their unmet needs, the firm innovated in the areas of closed-end funds, trusts, defined contribution plans and more. BlackRock seeks to help investors build better financial futures. As a fiduciary to our clients, we provide the investment and technology solutions they need when planning for their most important goals.

Source: BlackRock April 2020

For more information, please visit www.blackrock.com

Schroders Investment Management manages the Far East portion of the International Equity Fund.

Schroders has developed under stable ownership for over 200 years and we are one of the largest asset managers listed on the London Stock Exchange. Asset management is our business and our goals are completely aligned with those of our clients – the creation of long-term value.

Schroders dates its foundation to 1804. Since then the world has experienced unprecedented economic, technological and political change: what hasn’t changed is the Schroder family’s unbroken commitment to the firm’s success. The family holds 47.93% of the equity of the firm, ensuring stability of ownership and providing security for our clients.

Schroders has a global outlook on business, rooted in its early operations in international trade and finance. The firm later expanded into securities issuing to finance infrastructure and development in the Americas, Europe and Asia, always spotting opportunities for growth in markets new and old.

Schroders took on its first pension fund mandate in 1947 and opened its first retail unit trust in 1968, while offices and joint ventures were opened in all major global markets. Today the Schroders Group employs over 4,300 employees* across 32 countries. We are a global asset and wealth manager with assets under management amounting to £424.4 billion as at 31 March 2019**.

*Based on permanent employees as at 31 March 2019.

** AUMA is the combined value of AUA and AUM. As at 31 December 2018 AUMA was £421.4 billion and our assets under management were £407.3 billion. Source: Schroders, as at 31 March 2019.

For more information, please visit www.schroders.com

Sun Life Assurance Company of Canada (U.K.) Limited (SLOC UK) working in conjunction with the Sun Life Financial International Investment Centre determine the asset allocation of the International Equity Fund.

The SLOC International Equity fund invests a proportion of its assets in a number of other Sun Life Financial of Canada funds including: North America, European, Japan, Far East and Emerging Markets equities and Money. This means that the SLOC International Equity fund benefits from the specialist fund managers that have been chosen for each asset class.

Further information on these managers is available within each of the funds listed in this section of the website.

Aberdeen Standard Investments manages the SLOC Irish Managed Funds.

Standard Life Aberdeen plc is one of the world’s largest investment companies, created in 2017 from the merger of Standard Life plc and Aberdeen Asset Management PLC. Operating under the brand Aberdeen Standard Investments, the investment arm manages £505.1bn of assets at 31 December 2018, making it the largest active manager in the UK and one of the largest in Europe. It has a significant global presence and the scale and expertise to help clients meet their investment goals.

As a leading global asset manager, Aberdeen Standard Investments is dedicated to creating long-term value for clients. The investment needs of their clients are at the heart of what they do. They offer a comprehensive range of investment solutions, as well as the very highest level of service and support.

*Source: Aberdeen Standard Investments June 2019.

For more information, please visit www.aberdeenstandard.com

Aberdeen Standard Investments manages the Property and Money portions of the Managed Fund.

Standard Life Aberdeen plc is one of the world’s largest investment companies, created in 2017 from the merger of Standard Life plc and Aberdeen Asset Management PLC. Operating under the brand Aberdeen Standard Investments, the investment arm manages €648.5bn of assets at 31 December 2017, making it the largest active manager in the UK and one of the largest in Europe. It has a significant global presence and the scale and expertise to help clients meet their investment goals.

As a leading global asset manager, Aberdeen Standard Investments is dedicated to creating long-term value for clients. The investment needs of their clients are at the heart of what they do. They offer a comprehensive range of investment solutions, as well as the very highest level of service and support.

*Source: Aberdeen Standard Investments June 2019.

For more information, please visit www.aberdeenstandard.com

Baillie Gifford manages the Japan and Emerging Markets portions of the Managed Fund.

Baillie Gifford is an independent private partnership investment management firm based in Edinburgh, Scotland.

The firm has built its success around the stability of its partnership structure which provides reassurance for clients and motivation for employees. As at 30 June 2019, there were 43 partners of the firm and just under 1200 employees. As at 30 June 2019 they managed more than £207 billion* in active equity, multi-asset and bond portfolios for clients in the UK and throughout the world, combining experience, enthusiasm, curiosity and sound judgement.

*Source: Baillie Gifford June 2019.

For more information, please visit www.bailliegifford.com

Schroders Investment Management manages the European and Far Eastern Equity portions of the Managed Fund.

Schroders has developed under stable ownership for over 200 years and we are one of the largest asset managers listed on the London Stock Exchange. Asset management is our business and our goals are completely aligned with those of our clients – the creation of long-term value.

Schroders dates its foundation to 1804. Since then the world has experienced unprecedented economic, technological and political change: what hasn’t changed is the Schroder family’s unbroken commitment to the firm’s success. The family holds 47.93% of the equity of the firm, ensuring stability of ownership and providing security for our clients.

Schroders has a global outlook on business, rooted in its early operations in international trade and finance. The firm later expanded into securities issuing to finance infrastructure and development in the Americas, Europe and Asia, always spotting opportunities for growth in markets new and old.

Schroders took on its first pension fund mandate in 1947 and opened its first retail unit trust in 1968, while offices and joint ventures were opened in all major global markets. Today the Schroders Group employs over 4,300 employees* across 32 countries. We are a global asset and wealth manager with assets under management amounting to £424.4 billion as at 31 March 2019**.

*Based on permanent employees as at 31 March 2019.

** AUMA is the combined value of AUA and AUM. As at 31 December 2018 AUMA was £421.4 billion and our assets under management were £407.3 billion. Source: Schroders, as at 31 March 2019.

For more information, please visit www.schroders.com

Global Fixed Interest

The Global Fixed Interest objectives of our Managed Fund are achieved by investing in the BlackRock World Bond Fund and the Schroder International Global Bonds Fund.

Goldman Sachs Asset Management (GSAM) manages the Index Linked Gilt and Fixed Interest portions of the Managed Fund.

Established in 1988, Goldman Sachs Asset Management (GSAM) is one of the world’s leading asset managers with $1.45 trillion in assets under supervision (AUS)* and are recognised as a market leader in risk budgeting and risk optimisation. Their experienced investment teams offer a unified, and broad range of competitive products across asset classes, regions and the risk spectrum. GSAM has extensive experience developing and implementing custom investment solutions for institutions across the globe. The investment culture is defined by three core attributes; research intensive, risk aware and globally collaborative to demonstrate commitment to investors’ long term goals.

Source: GSAM as of June 2019.

* Assets Under Supervision (AUS) includes assets under management and other client assets for which Goldman Sachs does not have full discretion.

For more information, please visit www.goldmansachs.com.

MFS Investment Management manages the UK portion of the Managed Fund.

Founded in 1924, MFS is a global, active investment manager guided by a single purpose: to create value by allocating capital responsibly for clients. Through a powerful investment platform, MFS combines collective expertise, thoughtful risk management and long-term discipline to uncover what we believe are the best investment opportunities in the market. Headquartered in Boston, the firm has investment offices in Hong Kong, London, Mexico City, São Paulo, Singapore, Sydney, Tokyo and Toronto. As of June 30, 2019, MFS managed GBP 384.1 billion (USD487.8 billion) in assets on behalf of individual and institutional investors worldwide.

In 1924, MFS launched the first open-end mutual fund in the United States, opening the door to the markets for millions of everyday investors. Since then, we have grown into a full-service, global investment management firm offering fixed income, equity and quantitative solutions to financial advisors, intermediaries and institutional clients around the world.

*Source: MFS June 2019.

For more information, please visit www.mfs.com

BlackRock manages the North American Equity portion of the Managed Fund.

BlackRock is a premier provider of global investment management services. As at 31 December 2019, BlackRock managed $7.42 trillion across equity, fixed income, alternatives, multi-asset, and cash management strategies for institutional and retail clients. Through BlackRock Solutions® (“BRS”), the firm provides risk management and advisory services that combine capital markets expertise with internally developed systems and technology.

BlackRock was founded in New York City in 1988 by eight partners, five of whom remain active in the firm today. They instilled in this firm: a determination to put client needs and interests first; a dedication to data-driven investing; a passion for understanding and managing risk; and a culture that championed technology and innovation. By listening to clients and understanding their unmet needs, the firm innovated in the areas of closed-end funds, trusts, defined contribution plans and more. BlackRock seeks to help investors build better financial futures. As a fiduciary to our clients, we provide the investment and technology solutions they need when planning for their most important goals.

Source: BlackRock April 2020

For more information, please visit www.blackrock.com

Sun Life Assurance Company of Canada (U.K.) Limited (SLOC UK) working in conjunction with the Sun Life Financial International Investment Centre determine the asset allocation of the Managed fund.

The SLOC Managed fund invests a proportion of its assets in a number of other Sun Life Financial of Canada funds including: UK, North American, European, Japan, Far East and Emerging Markets equities, UK Fixed Interest, Index Linked Gilt, Property and Money, and two external Global Fixed Interest funds. This means that the SLOC Managed fund benefits from the specialist fund managers that have been chosen for each asset class.

Further information on these managers is available within each of the funds listed in this section of the website.

Aberdeen Standard Investments manages the SLOC Money Fund.

Standard Life Aberdeen plc is one of the world’s largest investment companies, created in 2017 from the merger of Standard Life plc and Aberdeen Asset Management PLC. Operating under the brand Aberdeen Standard Investments, the investment arm manages £505.1bn of assets at 31 December 2018, making it the largest active manager in the UK and one of the largest in Europe. It has a significant global presence and the scale and expertise to help clients meet their investment goals.

As a leading global asset manager, Aberdeen Standard Investments is dedicated to creating long-term value for clients. The investment needs of their clients are at the heart of what they do. They offer a comprehensive range of investment solutions, as well as the very highest level of service and support.

*Source: Aberdeen Standard Investments June 2019.

For more information, please visit www.aberdeenstandard.com

Aberdeen Standard Investments manages the SLOC Property Fund.

Standard Life Aberdeen plc is one of the world’s largest investment companies, created in 2017 from the merger of Standard Life plc and Aberdeen Asset Management PLC. Operating under the brand Aberdeen Standard Investments, the investment arm manages £505.1bn of assets at 31 December 2018, making it the largest active manager in the UK and one of the largest in Europe. It has a significant global presence and the scale and expertise to help clients meet their investment goals.

As a leading global asset manager, Aberdeen Standard Investments is dedicated to creating long-term value for clients. The investment needs of their clients are at the heart of what they do. They offer a comprehensive range of investment solutions, as well as the very highest level of service and support.

*Source: Aberdeen Standard Investments June 2019.

For more information, please visit www.aberdeenstandard.com

MFS Investment Management manages the UK Equity Fund.

Founded in 1924, MFS is a global, active investment manager guided by a single purpose: to create value by allocating capital responsibly for clients. Through a powerful investment platform, MFS combines collective expertise, thoughtful risk management and long-term discipline to uncover what we believe are the best investment opportunities in the market. Headquartered in Boston, the firm has investment offices in Hong Kong, London, Mexico City, São Paulo, Singapore, Sydney, Tokyo and Toronto. As of June 30, 2019, MFS managed GBP 384.1 billion (USD487.8 billion) in assets on behalf of individual and institutional investors worldwide.

In 1924, MFS launched the first open-end mutual fund in the United States, opening the door to the markets for millions of everyday investors. Since then, we have grown into a full-service, global investment management firm offering fixed income, equity and quantitative solutions to financial advisors, intermediaries and institutional clients around the world.

*Source: MFS June 2019.

For more information, please visit www.mfs.com