Mercer Target Cash 2027 Retirement Fund...Mercer Target Cash2027 Retirement Fund March 2019 Things...
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Mercer Target Cash 2027 Retirement Fund March 2019 ........................................................................................................................ Fund information (as at 31/03/2019) Launch date 22/10/2018 Unit price 516.00p SEDOL BGN95M2 ISIN Code GB00BGN95M27 ........................................................................................................................ Fund holdings Funds Target fund holdings Mercer Diversified Growth 50.00% BlackRock Aquila Connect Currency Hedged World ex-UK Equity 30.47% BlackRock Aquila Connect World Ex UK Equity 11.72% BlackRock Aquila Connect UK Equity 4.69% LGIM Pre-Retirement 3.12% ‡ Zurich is not a fund manager - the Zurich funds invest in the underlying fund. ........................................................................................................................ Top holdings BLACKROCK ASSET MANAGEMENT UK LTD AQUILA LIFE CUR HGD US EQTY IDX S1 19.43% BLACKROCK ASSET MANAGEMENT UK LTD AQUILA LIFE CUR HGD EUROPN EQTY IDX S1 5.04% BLACKROCK ASSET MANAGEMENT UK LTD AQUILA LIFE CUR HGD JAPAN EQTY IDX S1 2.85% BLACKROCK ASSET MANAGEMENT UK LTD AQUILA LIFE CUR HGD PAC RIM EQTY IDX S1 1.99% BLACKROCK ASSET MANAGEMENT UK LTD AQUILA LIFE CUR HGD CANADA EQTY IDX S1 0.99% APPLE INC 0.27% MICROSOFT CORP 0.27% HSBC HOLDINGS PLC 0.26% TREASURY 4.50% 2034 0.25% BP PLC 0.23% Fund objective This fund is designed by Mercer Limited for investors planning to retire in 2027 and transfer their assets into cash at their selected retirement date. It invests in one or more underlying funds to produce a portfolio with access to a range of asset classes. The emphasis of the fund gradually changes over its lifetime to ultimately completely invest in one or more actively-managed underlying fund(s) that invest in a portfolio of high quality short-term Sterling denominated money market instruments. Fund features This fund invests in assets which tend to produce a good level of return. Over the longer term these assets should generate real growth. There will be fluctuations in value, particularly over shorter periods. Over time, the assets in which this fund invests will change, so that more of the fund is invested in assets which tend to produce medium or low levels of return, but with medium or lower risk. Derivatives may be used for investment purposes as well as risk reduction. The charges for this fund will change over time to reflect the changes to the asset mix. ............................................................................................................................................................................................ Asset split US Equities 27.00% Global Developed Equities 9.85% Global Emerging Market Fixed Interest 7.35% Global Emerging Market Equities 6.00% Global High Yield Fixed Interest 5.50% Property 5.10% European Equities 5.06% International Equities 4.75% UK Equities 4.69% Hedge 4.60% International Small Cap Companies 4.50% Japanese Equities 3.96% Global Corporate Fixed Interest 2.08% Asia Pacific Equities 1.99% Others 7.57% Sector split Financials 17.08% Information Technology 10.65% Health Care 10.34% Industrials 10.04% Consumer Discretionary 8.35% Consumer Staples 8.24% Energy 6.50% Communications 6.09% Materials 4.92% Utilities 4.81% Government Bonds - UK 4.61% Real Estate 2.66% Building & Construction 0.92% Consumer Services 0.87% Others 3.92% This data is based on available data for the underlying Zurich pension fund(s) and target fund holdings as shown. ............................................................................................................................................................................................ 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. EXAMPLE
Transcript of Mercer Target Cash 2027 Retirement Fund...Mercer Target Cash2027 Retirement Fund March 2019 Things...
Mercer Target Cash 2027Retirement Fund
March 2019........................................................................................................................
Fund information(as at 31/03/2019)Launch date 22/10/2018Unit price 516.00pSEDOL BGN95M2ISIN Code GB00BGN95M27
........................................................................................................................
Fund holdingsFunds Target fund holdingsMercer Diversified Growth 50.00%BlackRock Aquila Connect CurrencyHedged World ex-UK Equity 30.47%
BlackRock Aquila Connect World Ex UKEquity 11.72%
BlackRock Aquila Connect UK Equity 4.69%
LGIM Pre-Retirement 3.12%‡Zurich is not a fund manager - the Zurich funds investin the underlying fund.
........................................................................................................................
Top holdingsBLACKROCK ASSET MANAGEMENT UKLTD AQUILA LIFE CUR HGD US EQTY IDXS1 19.43%
BLACKROCK ASSET MANAGEMENT UKLTD AQUILA LIFE CUR HGD EUROPN EQTYIDX S1
5.04%
BLACKROCK ASSET MANAGEMENT UKLTD AQUILA LIFE CUR HGD JAPAN EQTYIDX S1
2.85%
BLACKROCK ASSET MANAGEMENT UKLTD AQUILA LIFE CUR HGD PAC RIM EQTYIDX S1
1.99%
BLACKROCK ASSET MANAGEMENT UKLTD AQUILA LIFE CUR HGD CANADAEQTY IDX S1
0.99%
APPLE INC 0.27%
MICROSOFT CORP 0.27%
HSBC HOLDINGS PLC 0.26%
TREASURY 4.50% 2034 0.25%
BP PLC 0.23%
Fund objectiveThis fund is designed by Mercer Limited for investors planning to retire in 2027 andtransfer their assets into cash at their selected retirement date. It invests in one or moreunderlying funds to produce a portfolio with access to a range of asset classes. Theemphasis of the fund gradually changes over its lifetime to ultimately completely invest inone or more actively-managed underlying fund(s) that invest in a portfolio of high qualityshort-term Sterling denominated money market instruments.
Fund featuresThis fund invests in assets which tend to produce a good level of return. Over the longerterm these assets should generate real growth. There will be fluctuations in value,particularly over shorter periods. Over time, the assets in which this fund invests willchange, so that more of the fund is invested in assets which tend to produce medium orlow levels of return, but with medium or lower risk. Derivatives may be used forinvestment purposes as well as risk reduction. The charges for this fund will change overtime to reflect the changes to the asset mix.
............................................................................................................................................................................................
Asset splitUS Equities 27.00%Global Developed Equities 9.85%Global Emerging Market Fixed Interest 7.35%Global Emerging Market Equities 6.00%Global High Yield Fixed Interest 5.50%Property 5.10%European Equities 5.06%International Equities 4.75%UK Equities 4.69%Hedge 4.60%International Small Cap Companies 4.50%Japanese Equities 3.96%Global Corporate Fixed Interest 2.08%Asia Pacific Equities 1.99%Others 7.57%
Sector splitFinancials 17.08%Information Technology 10.65%Health Care 10.34%Industrials 10.04%Consumer Discretionary 8.35%Consumer Staples 8.24%Energy 6.50%Communications 6.09%Materials 4.92%Utilities 4.81%Government Bonds - UK 4.61%Real Estate 2.66%Building & Construction 0.92%Consumer Services 0.87%Others 3.92%
This data is based on available data for the underlying Zurich pension fund(s) and targetfund holdings as shown.
............................................................................................................................................................................................This fund factsheet is for information only and is written assuming you are familiar with investment terminology. It has been provided to help youunderstand how the fund is invested and performing. It should not be used for making investment decisions.
EXAMPLE
Mercer Target Cash 2027 Retirement FundMarch 2019
Things you need to knowWe’ve based this information on our currentunderstanding of law and practice. We make everyeffort to ensure that this information is helpful,accurate and correct, but it may change or may notapply to your personal circumstances. All funds carrysome risk and you should consider these risks beforemaking an investment decision. Investment returns arenot guaranteed and the value can fluctuate.The main factors which may increase the risk of thisfund include:* The amount invested in company shares* The split between government and corporate bonds* The extent to which the fund invests in high yieldassets* The amount held in overseas assets* Any concentration in specific areas or sectors
Mercer Limited and/or Mercer Global Investments(Europe) Limited have been appointed by Zurich toprovide certain investment management services to thefund. The advisor to your pension scheme, MercerConsulting, is part of the same Group as MercerLimited and Mercer Global Investments (Europe)Limited and the Group will therefore benefit frominvestments in this fund.
There is not yet sufficient history for performance data to be shown for this fund.
Zurich Assurance Ltd, Registered in England and Wales under company No 02456671.
Registered Office: The Grange, Bishops Cleeve, Cheltenham, GL52 8XX.
EXAMPLE
Mercer Target Cash 2026Retirement Fund
March 2019........................................................................................................................
Fund information(as at 31/03/2019)Launch date 23/10/2017Unit price 524.50pSEDOL BYX8LL6ISIN Code GB00BYX8LL69
........................................................................................................................
Fund holdingsFunds Target fund holdingsMercer Diversified Growth 50.00%BlackRock Aquila Connect CurrencyHedged World ex-UK Equity 22.34%
BlackRock Aquila Connect Corporate BondAll Stocks 15.62%
BlackRock Aquila Connect World Ex UKEquity 8.60%
BlackRock Aquila Connect UK Equity 3.44%‡Zurich is not a fund manager - the Zurich funds investin the underlying fund.
........................................................................................................................
Top holdingsBLACKROCK ASSET MANAGEMENT UKLTD AQUILA LIFE CUR HGD US EQTY IDXS1
14.25%
BLACKROCK ASSET MANAGEMENT UKLTD AQUILA LIFE CUR HGD EUROPN EQTYIDX S1
3.69%
BLACKROCK ASSET MANAGEMENT UKLTD AQUILA LIFE CUR HGD JAPAN EQTYIDX S1
2.09%
BLACKROCK ASSET MANAGEMENT UKLTD AQUILA LIFE CUR HGD PAC RIM EQTYIDX S1
1.46%
BLACKROCK ASSET MANAGEMENT UKLTD AQUILA LIFE CUR HGD CANADAEQTY IDX S1
0.73%
APPLE INC 0.20%
MICROSOFT CORP 0.20%
HSBC HOLDINGS PLC 0.19%
BP PLC 0.17%
AMAZON COM INC 0.16%
Fund objectiveThis fund is designed by Mercer Limited for investors planning to retire in 2026 andtransfer their assets into cash at their selected retirement date. It invests in one or moreunderlying funds to produce a portfolio with access to a range of asset classes. Theemphasis of the fund gradually changes over its lifetime to ultimately completely invest inone or more actively-managed underlying fund(s) that invest in a portfolio of high qualityshort-term Sterling denominated money market instruments.
Fund featuresThis fund invests in assets which tend to produce a good level of return. Over the longerterm these assets should generate real growth. There will be fluctuations in value,particularly over shorter periods. Over time, the assets in which this fund invests willchange, so that more of the fund is invested in assets which tend to produce medium orlow levels of return, but with medium or lower risk. Derivatives may be used forinvestment purposes as well as risk reduction. The charges for this fund will change overtime to reflect the changes to the asset mix.
............................................................................................................................................................................................
Asset splitUS Equities 19.79%Global Developed Equities 9.85%Global Emerging Market Fixed Interest 7.35%UK Corporate Fixed Interest 7.21%Global Emerging Market Equities 6.00%Global High Yield Fixed Interest 5.50%Property 5.10%International Equities 4.75%Hedge 4.60%International Small Cap Companies 4.50%European Equities 3.71%UK Equities 3.44%Japanese Equities 2.90%US Corporate Fixed Interest 1.82%Others 13.48%
Sector splitFinancials 23.89%Industrials 19.16%Government Agency Bonds 9.29%Utilities 8.32%Information Technology 5.53%Health Care 5.03%Fixed Interest 4.63%Consumer Discretionary 4.30%Consumer Staples 4.27%Energy 3.36%Communications 3.15%Materials 2.53%Asset/Mortgage-Backed Securities 2.17%Mortgage & Secured Bonds 2.06%Others 2.31%
This data is based on available data for the underlying Zurich pension fund(s) and targetfund holdings as shown.
............................................................................................................................................................................................This fund factsheet is for information only and is written assuming you are familiar with investment terminology. It has been provided to help youunderstand how the fund is invested and performing. It should not be used for making investment decisions.
EXAMPLE
Mercer Target Cash 2026 Retirement FundMarch 2019
Things you need to knowWe’ve based this information on our currentunderstanding of law and practice. We make everyeffort to ensure that this information is helpful,accurate and correct, but it may change or may notapply to your personal circumstances. All funds carrysome risk and you should consider these risks beforemaking an investment decision. Investment returns arenot guaranteed and the value can fluctuate.The main factors which may increase the risk of thisfund include:* The amount invested in company shares* The split between government and corporate bonds* The extent to which the fund invests in high yieldassets* The amount held in overseas assets* Any concentration in specific areas or sectors
All or some of the investments are made through areinsurance arrangement so if the linked life insurancecompany(ies) were to fail you may lose some or all ofyour money and this will not be covered by theFinancial Services Compensation Scheme.
Mercer Limited and/or Mercer Global Investments(Europe) Limited have been appointed by Zurich toprovide certain investment management services to thefund. The advisor to your pension scheme, MercerConsulting, is part of the same Group as MercerLimited and Mercer Global Investments (Europe)Limited and the Group will therefore benefit frominvestments in this fund.
Cumulative performance (as at 31/03/2019)
3 months 6 months 1 year 3 years 5 years.................................................................................................................................................................................................
Fund 7.80% 0.27% 8.38% - -.................................................................................................................................................................................................
Discrete performance (as at 31/03/2019)
31/03/2014 -31/03/2015
31/03/2015 -31/03/2016
31/03/2016 -31/03/2017
31/03/2017 -31/03/2018
31/03/2018 -31/03/2019
.................................................................................................................................................................................................
Fund - - - - 8.38%.................................................................................................................................................................................................
Fund vs Benchmark
The graph below illustrates the performance of the fund from launch up until01/04/2019. The fund is designed to provide a return in line with the benchmark. This isexpected to be the case over the long term. However, there may be times when the fundperformance does not match the benchmark. This may be due to a number of reasons.For example, cash flows in and out of the fund resulting in unit price movements andslight timing differences for the period over which performance is measured.
-4%
-2%
0%
2%
4%
6%
8%
Oct 17 Dec Feb 18 Apr Jun Aug Oct Dec Feb 19
20/10/2017 - 01/04/2019 © Financial Express Holdings 2019
Fund
Source: Financial Express as at 01/04/2019. You shouldn’t use past performance as asuggestion of future performance. It shouldn’t be the main or sole reason for making aninvestment decision. The value of investments and any income from them can fall as wellas rise and will be reduced in real terms by the effects of inflation. You may not get backthe amount you invested. HM Revenue and Customs (HMRC) practice and law arecomplex. Tax concessions are not guaranteed, their value will depend on individualcircumstances and may change in the future.
Fund performance data is based on a unit price basis and doesn't take into account feesand expenses which are specific to individual plans.
Zurich Assurance Ltd, Registered in England and Wales under company No 02456671.
Registered Office: The Grange, Bishops Cleeve, Cheltenham, GL52 8XX.
EXAMPLE
Mercer Target Cash 2025Retirement Fund
March 2019........................................................................................................................
Fund information(as at 31/03/2019)Launch date 28/11/2016Unit price 586.70pSEDOL BD0DVG2ISIN Code GB00BD0DVG29
........................................................................................................................
Fund holdingsFunds Target fund holdingsMercer Diversified Growth 50.00%BlackRock Aquila Connect Corporate BondAll Stocks 28.12%
BlackRock Aquila Connect CurrencyHedged World ex-UK Equity 14.22%
BlackRock Aquila Connect World Ex UKEquity 5.47%
BlackRock Aquila Connect UK Equity 2.19%‡Zurich is not a fund manager - the Zurich funds investin the underlying fund.
........................................................................................................................
Top holdingsBLACKROCK ASSET MANAGEMENT UKLTD AQUILA LIFE CUR HGD US EQTY IDXS1
9.07%
BLACKROCK ASSET MANAGEMENT UKLTD AQUILA LIFE CUR HGD EUROPN EQTYIDX S1
2.35%
BLACKROCK ASSET MANAGEMENT UKLTD AQUILA LIFE CUR HGD JAPAN EQTYIDX S1
1.33%
BLACKROCK ASSET MANAGEMENT UKLTD AQUILA LIFE CUR HGD PAC RIM EQTYIDX S1
0.93%
BLACKROCK ASSET MANAGEMENT UKLTD AQUILA LIFE CUR HGD CANADAEQTY IDX S1
0.46%
KFW BANKENGRUPPE MTN 6 12/07/2028 0.21%EUROPEAN INVESTMENT BANK 612/07/2028 0.19%
EUROPEAN INVESTMENT BANK 5.62506/07/2032 0.16%
KFW BANKENGRUPPE MTN REGS 5.5506/07/2021 0.15%
APPLE INC 0.13%
Fund objectiveThis fund is designed by Mercer Limited for investors planning to retire in 2025 andtransfer their assets into cash at their selected retirement date. It invests in one or moreunderlying funds to produce a portfolio with access to a range of asset classes. Theemphasis of the fund gradually changes over its lifetime to ultimately completely invest inone or more actively-managed underlying fund(s) that invest in a portfolio of high qualityshort-term Sterling denominated money market instruments.
Fund featuresThis fund invests in assets which tend to produce a good level of return. Over the longerterm these assets should generate real growth. There will be fluctuations in value,particularly over shorter periods. Over time, the assets in which this fund invests willchange, so that more of the fund is invested in assets which tend to produce medium orlow levels of return, but with medium or lower risk. Derivatives may be used forinvestment purposes as well as risk reduction. The charges for this fund will change overtime to reflect the changes to the asset mix.
............................................................................................................................................................................................
Asset splitGlobal Fixed Interest 28.17%Other International Equities 19.14%North American Equities 13.25%UK Corporate Fixed Interest 12.91%Global Emerging Market Equities 6.00%Property 5.10%European Equities 3.26%Other 12.17%
This data is based on available data for the underlying Zurich pension fund(s) and targetfund holdings as shown.
............................................................................................................................................................................................
This fund factsheet is for information only and is written assuming you are familiar with investment terminology. It has been provided to help youunderstand how the fund is invested and performing. It should not be used for making investment decisions.
EXAMPLE
Mercer Target Cash 2025 Retirement FundMarch 2019
Things you need to knowWe’ve based this information on our currentunderstanding of law and practice. We make everyeffort to ensure that this information is helpful,accurate and correct, but it may change or may notapply to your personal circumstances. All funds carrysome risk and you should consider these risks beforemaking an investment decision. Investment returns arenot guaranteed and the value can fluctuate.The main factors which may increase the risk of thisfund include:* The amount invested in company shares* The split between government and corporate bonds* The extent to which the fund invests in high yieldassets* The amount held in overseas assets* Any concentration in specific areas or sectors
All or some of the investments are made through areinsurance arrangement so if the linked life insurancecompany(ies) were to fail you may lose some or all ofyour money and this will not be covered by theFinancial Services Compensation Scheme.
Mercer Limited and/or Mercer Global Investments(Europe) Limited have been appointed by Zurich toprovide certain investment management services to thefund. The advisor to your pension scheme, MercerConsulting, is part of the same Group as MercerLimited and Mercer Global Investments (Europe)Limited and the Group will therefore benefit frominvestments in this fund.
Cumulative performance (as at 31/03/2019)
3 months 6 months 1 year 3 years 5 years.................................................................................................................................................................................................
Fund 6.98% 1.13% 7.92% - -.................................................................................................................................................................................................
Discrete performance (as at 31/03/2019)
31/03/2014 -31/03/2015
31/03/2015 -31/03/2016
31/03/2016 -31/03/2017
31/03/2017 -31/03/2018
31/03/2018 -31/03/2019
.................................................................................................................................................................................................
Fund - - - 2.21% 7.92%.................................................................................................................................................................................................
Fund vs Benchmark
The graph below illustrates the performance of the fund from launch up until01/04/2019. The fund is designed to provide a return in line with the benchmark. This isexpected to be the case over the long term. However, there may be times when the fundperformance does not match the benchmark. This may be due to a number of reasons.For example, cash flows in and out of the fund resulting in unit price movements andslight timing differences for the period over which performance is measured.
-5%
0%
5%
10%
15%
20%
Dec 16 Feb 17 Apr Jun Aug Oct Dec Feb 18 Apr Jun Aug Oct Dec Feb 19
25/11/2016 - 01/04/2019 © Financial Express Holdings 2019
Fund
Source: Financial Express as at 01/04/2019. You shouldn’t use past performance as asuggestion of future performance. It shouldn’t be the main or sole reason for making aninvestment decision. The value of investments and any income from them can fall as wellas rise and will be reduced in real terms by the effects of inflation. You may not get backthe amount you invested. HM Revenue and Customs (HMRC) practice and law arecomplex. Tax concessions are not guaranteed, their value will depend on individualcircumstances and may change in the future.
Fund performance data is based on a unit price basis and doesn't take into account feesand expenses which are specific to individual plans.
Zurich Assurance Ltd, Registered in England and Wales under company No 02456671.
Registered Office: The Grange, Bishops Cleeve, Cheltenham, GL52 8XX.
EXAMPLE
Mercer Target Cash 2024 Retirement Fund
March 2019........................................................................................................................
Fund information(as at 31/03/2019)Launch date 16/11/2015Unit price 704.70pSEDOL BYTRP26MexID ADZYQISIN Code GB00BYTRP263
........................................................................................................................
Fund holdingsFunds Target fund holdingsMercer Diversified Growth 50.00%BlackRock Aquila Connect Corporate BondAll Stocks 40.62%
BlackRock Aquila Connect CurrencyHedged World ex-UK Equity 6.09%
BlackRock Aquila Connect World Ex UKEquity 2.35%
BlackRock Aquila Connect UK Equity 0.94%‡Zurich is not a fund manager - the Zurich funds investin the underlying fund.
........................................................................................................................
Top holdingsBLACKROCK ASSET MANAGEMENT UKLTD AQUILA LIFE CUR HGD US EQTY IDXS1
3.88%
BLACKROCK ASSET MANAGEMENT UKLTD AQUILA LIFE CUR HGD EUROPN EQTYIDX S1
1.01%
BLACKROCK ASSET MANAGEMENT UKLTD AQUILA LIFE CUR HGD JAPAN EQTYIDX S1
0.57%
BLACKROCK ASSET MANAGEMENT UKLTD AQUILA LIFE CUR HGD PAC RIM EQTYIDX S1
0.40%
KFW BANKENGRUPPE MTN 6 12/07/2028 0.31%EUROPEAN INVESTMENT BANK 612/07/2028 0.27%
EUROPEAN INVESTMENT BANK 5.62506/07/2032 0.23%
KFW BANKENGRUPPE MTN REGS 5.5506/07/2021 0.21%
BLACKROCK ASSET MANAGEMENT UKLTD AQUILA LIFE CUR HGD CANADAEQTY IDX S1
0.20%
BARCLAYS BANK PLC MTN REGS 1005/21/2021 0.17%
Fund objectiveThis fund is designed by Mercer Limited for investors planning to retire in 2024 andtransfer their assets into cash at their selected retirement date. It invests in one or moreunderlying funds to produce a portfolio with access to a range of asset classes. Theemphasis of the fund gradually changes over its lifetime to ultimately completely invest inone or more actively-managed underlying fund(s) that invest in a portfolio of high qualityshort-term Sterling denominated money market instruments. At the end of 2024,investors in this fund will be automatically switched into the Zurich Mercer CashRetirement Fund which aims to maintain a cash-based level of income consistent withpreservation of principal and liquidity by continuing to invest in a portfolio of high qualityshort-term Sterling denominated money market instruments. Derivatives may be used forinvestment purposes as well as risk reduction.
Fund featuresThis fund invests in assets which tend to produce moderate and stable returns. Over thelonger term these assets should generate growth, with some fluctuation in value. Overtime, the assets in which this fund invests will change, so that more of the fund isinvested in assets which tend to produce medium or low levels of return, but withmedium or lower risk.
The charges for this fund will change over time to reflect the changes to the asset mix.
............................................................................................................................................................................................
Asset splitUK Corporate Fixed Interest 18.76%Global Developed Equities 9.85%Global Emerging Market Fixed Interest 7.35%Global Emerging Market Equities 6.00%Global High Yield Fixed Interest 5.50%US Equities 5.40%Property 5.10%International Equities 4.75%US Corporate Fixed Interest 4.73%German Corporate Fixed Interest 4.64%Hedge 4.60%International Small Cap Companies 4.50%Global Corporate Fixed Interest 3.83%French Corporate Fixed Interest 2.97%Others 12.02%
This data is based on available data for the underlying Zurich pension fund(s) and targetfund holdings as shown.
............................................................................................................................................................................................
This fund factsheet is for information only and is written assuming you are familiar with investment terminology. It has been provided to help youunderstand how the fund is invested and performing. It should not be used for making investment decisions.
EXAMPLE
Mercer Target Cash 2024 Retirement FundMarch 2019
Things you need to knowWe’ve based this information on our currentunderstanding of law and practice. We make everyeffort to ensure that this information is helpful,accurate and correct, but it may change or may notapply to your personal circumstances. All funds carrysome risk and you should consider these risks beforemaking an investment decision. Investment returns arenot guaranteed and the value can fluctuate.The main factors which may increase the risk of thisfund include:* The amount invested in company shares* The split between government and corporate bonds* The extent to which the fund invests in high yieldassets* The amount held in overseas assets* Any concentration in specific areas or sectors
All or some of the investments are made through areinsurance arrangement so if the linked life insurancecompany(ies) were to fail you may lose some or all ofyour money and this will not be covered by theFinancial Services Compensation Scheme.
Mercer Limited and/or Mercer Global Investments(Europe) Limited have been appointed by Zurich toprovide certain investment management services to thefund. The advisor to your pension scheme, MercerConsulting, is part of the same Group as MercerLimited and Mercer Global Investments (Europe)Limited and the Group will therefore benefit frominvestments in this fund.
Cumulative performance (as at 31/03/2019)
3 months 6 months 1 year 3 years 5 years.................................................................................................................................................................................................
Fund 6.15% 1.99% 7.45% 34.50% -.................................................................................................................................................................................................
Discrete performance (as at 31/03/2019)
31/03/2014 -31/03/2015
31/03/2015 -31/03/2016
31/03/2016 -31/03/2017
31/03/2017 -31/03/2018
31/03/2018 -31/03/2019
.................................................................................................................................................................................................
Fund - - 23.08% 1.70% 7.45%.................................................................................................................................................................................................
Annualised performance (as at 31/03/2019)
3 years 5 years 10 years.................................................................................................................................................................................................
Fund 10.38% - -.................................................................................................................................................................................................
Fund vs Benchmark
The graph below illustrates the performance of the fund from launch up until01/04/2019. The fund is designed to provide a return in line with the benchmark. This isexpected to be the case over the long term. However, there may be times when the fundperformance does not match the benchmark. This may be due to a number of reasons.For example, cash flows in and out of the fund resulting in unit price movements andslight timing differences for the period over which performance is measured.
-10%
0%
10%
20%
30%
40%
50%
Nov 15 May 16 Nov May 17 Nov May 18 Nov
13/11/2015 - 01/04/2019 © Financial Express Holdings 2019
Fund
Source: Financial Express as at 01/04/2019. You shouldn’t use past performance as asuggestion of future performance. It shouldn’t be the main or sole reason for making aninvestment decision. The value of investments and any income from them can fall as wellas rise and will be reduced in real terms by the effects of inflation. You may not get backthe amount you invested. HM Revenue and Customs (HMRC) practice and law arecomplex. Tax concessions are not guaranteed, their value will depend on individualcircumstances and may change in the future.
Fund performance data is based on a unit price basis and doesn't take into account feesand expenses which are specific to individual plans.
Zurich Assurance Ltd, Registered in England and Wales under company No 02456671.
Registered Office: The Grange, Bishops Cleeve, Cheltenham, GL52 8XX.
EXAMPLE
Mercer Target Cash 2023Retirement Fund
March 2019........................................................................................................................
Fund information(as at 31/03/2019)Launch date 01/12/2014Unit price 656.50pSEDOL BSPCC00MexID ADAANXISIN Code GB00BSPCC008
........................................................................................................................
Fund holdingsFunds Target fund holdingsBlackRock Aquila Connect Corporate BondAll Stocks 46.88%
Mercer Diversified Growth 46.88%BlackRock ICS Institutional SterlingLiquidity 6.24%
‡Zurich is not a fund manager - the Zurich funds investin the underlying fund.
........................................................................................................................
Top holdingsKFW BANKENGRUPPE MTN 6 12/07/2028 0.35%EUROPEAN INVESTMENT BANK 612/07/2028 0.32%
EUROPEAN INVESTMENT BANK 5.62506/07/2032 0.26%
KFW BANKENGRUPPE MTN REGS 5.5506/07/2021 0.25%
BARCLAYS BANK PLC MTN REGS 1005/21/2021 0.19%
KFW BANKENGRUPPE MTN 5.7506/07/2032 0.18%
KFW MTN REGS 0.375 12/15/2020 0.18%ELECTRICITE DE FRANCE SA MTN REGS5.5 10/17/2041 0.18%
EUROPEAN INVESTMENT BANK 504/15/2039 0.18%
EUROPEAN INVESTMENT BANK MTN REGS1.125 09/07/2021 0.17%
Fund objectiveThis fund is designed by Mercer Limited for investors planning to retire in 2023 andtransfer their assets into cash at their selected retirement date. It invests in one or moreunderlying funds to produce a portfolio with access to a range of asset classes. Theemphasis of the fund gradually changes over its lifetime to ultimately completely invest inone or more actively-managed underlying fund(s) that invest in a portfolio of high qualityshort-term Sterling denominated money market instruments. At the end of 2023,investors in this fund will be automatically switched into the Zurich Mercer CashRetirement Fund which aims to maintain a cash-based level of income consistent withpreservation of principal and liquidity by continuing to invest in a portfolio of high qualityshort-term Sterling denominated money market instruments. Derivatives may be used forinvestment purposes as well as risk reduction.
Fund featuresThis fund invests in assets which tend to produce moderate and stable returns. Over thelonger term these assets should generate growth, with some fluctuation in value. Overtime, the assets in which this fund invests will change, so that more of the fund isinvested in assets which tend to produce medium or low levels of return, but withmedium or lower risk.
The charges for this fund will change over time to reflect the changes to the asset mix.
............................................................................................................................................................................................
Asset splitUK Corporate Fixed Interest 21.62%Global Developed Equities 9.24%Money Market 6.93%Global Emerging Market Fixed Interest 6.89%Global Emerging Market Equities 5.63%US Corporate Fixed Interest 5.46%German Corporate Fixed Interest 5.36%Global High Yield Fixed Interest 5.16%Property 4.78%International Equities 4.45%Global Corporate Fixed Interest 4.31%Hedge 4.31%International Small Cap Companies 4.22%French Corporate Fixed Interest 3.42%Others 8.22%
This data is based on available data for the underlying Zurich pension fund(s) and targetfund holdings as shown.
............................................................................................................................................................................................
This fund factsheet is for information only and is written assuming you are familiar with investment terminology. It has been provided to help youunderstand how the fund is invested and performing. It should not be used for making investment decisions.
EXAMPLE
Mercer Target Cash 2023 Retirement FundMarch 2019
Things you need to knowWe’ve based this information on our currentunderstanding of law and practice. We make everyeffort to ensure that this information is helpful,accurate and correct, but it may change or may notapply to your personal circumstances. All funds carrysome risk and you should consider these risks beforemaking an investment decision. Investment returns arenot guaranteed and the value can fluctuate.The main factors which may increase the risk of thisfund include:* The amount invested in company shares* The split between government and corporate bonds* The extent to which the fund invests in high yieldassets* The amount held in overseas assets* Any concentration in specific areas or sectors
All or some of the investments are made through areinsurance arrangement so if the linked life insurancecompany(ies) were to fail you may lose some or all ofyour money and this will not be covered by theFinancial Services Compensation Scheme.
Mercer Limited and/or Mercer Global Investments(Europe) Limited have been appointed by Zurich toprovide certain investment management services to thefund. The advisor to your pension scheme, MercerConsulting, is part of the same Group as MercerLimited and Mercer Global Investments (Europe)Limited and the Group will therefore benefit frominvestments in this fund.
Cumulative performance (as at 31/03/2019)
3 months 6 months 1 year 3 years 5 years.................................................................................................................................................................................................
Fund 5.24% 2.73% 6.86% 31.07% -.................................................................................................................................................................................................
Discrete performance (as at 31/03/2019)
31/03/2014 -31/03/2015
31/03/2015 -31/03/2016
31/03/2016 -31/03/2017
31/03/2017 -31/03/2018
31/03/2018 -31/03/2019
.................................................................................................................................................................................................
Fund - -0.44% 21.24% 1.16% 6.86%.................................................................................................................................................................................................
Annualised performance (as at 31/03/2019)
3 years 5 years 10 years.................................................................................................................................................................................................
Fund 9.44% - -.................................................................................................................................................................................................
Fund vs Benchmark
The graph below illustrates the performance of the fund from launch up until01/04/2019. The fund is designed to provide a return in line with the benchmark. This isexpected to be the case over the long term. However, there may be times when the fundperformance does not match the benchmark. This may be due to a number of reasons.For example, cash flows in and out of the fund resulting in unit price movements andslight timing differences for the period over which performance is measured.
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
35%
Dec 14 Apr 15 Aug Dec Apr 16 Aug Dec Apr 17 Aug Dec Apr 18 Aug Dec
28/11/2014 - 01/04/2019 © Financial Express Holdings 2019
Fund
Source: Financial Express as at 01/04/2019. You shouldn’t use past performance as asuggestion of future performance. It shouldn’t be the main or sole reason for making aninvestment decision. The value of investments and any income from them can fall as wellas rise and will be reduced in real terms by the effects of inflation. You may not get backthe amount you invested. HM Revenue and Customs (HMRC) practice and law arecomplex. Tax concessions are not guaranteed, their value will depend on individualcircumstances and may change in the future.
Fund performance data is based on a unit price basis and doesn't take into account feesand expenses which are specific to individual plans.
Zurich Assurance Ltd, Registered in England and Wales under company No 02456671.
Registered Office: The Grange, Bishops Cleeve, Cheltenham, GL52 8XX.
EXAMPLE
Mercer Target Cash 2022Retirement Fund
March 2019........................................................................................................................
Fund information(as at 31/03/2019)Launch date 01/12/2014Unit price 637.50pSEDOL BSPCC11MexID ADAANYISIN Code GB00BSPCC115
........................................................................................................................
Fund holdingsFunds Target fund holdingsBlackRock Aquila Connect Corporate BondAll Stocks 34.38%
Mercer Diversified Growth 34.38%BlackRock ICS Institutional SterlingLiquidity 31.24%
‡Zurich is not a fund manager - the Zurich funds investin the underlying fund.
........................................................................................................................
Top holdingsKFW BANKENGRUPPE MTN 6 12/07/2028 0.26%EUROPEAN INVESTMENT BANK 612/07/2028 0.23%
EUROPEAN INVESTMENT BANK 5.62506/07/2032 0.19%
KFW BANKENGRUPPE MTN REGS 5.5506/07/2021 0.18%
BARCLAYS BANK PLC MTN REGS 1005/21/2021 0.14%
KFW BANKENGRUPPE MTN 5.7506/07/2032 0.13%
KFW MTN REGS 0.375 12/15/2020 0.13%ELECTRICITE DE FRANCE SA MTN REGS5.5 10/17/2041 0.13%
EUROPEAN INVESTMENT BANK 504/15/2039 0.13%
EUROPEAN INVESTMENT BANK MTN REGS1.125 09/07/2021 0.12%
Fund objectiveThis fund is designed by Mercer Limited for investors planning to retire in 2022 andtransfer their assets into cash at their selected retirement date. It invests in one or moreunderlying funds to produce a portfolio with access to a range of asset classes. Theemphasis of the fund gradually changes over its lifetime to ultimately completely invest inone or more actively-managed underlying fund(s) that invest in a portfolio of high qualityshort-term Sterling denominated money market instruments. At the end of 2022,investors in this fund will be automatically switched into the Zurich Mercer CashRetirement Fund which aims to maintain a cash-based level of income consistent withpreservation of principal and liquidity by continuing to invest in a portfolio of high qualityshort-term Sterling denominated money market instruments. Derivatives may be used forinvestment purposes as well as risk reduction.
Fund featuresThis fund invests in assets which tend to produce moderate and stable returns. Over thelonger term these assets should generate growth, with some fluctuation in value. Overtime, the assets in which this fund invests will change, so that more of the fund isinvested in assets which tend to produce medium or low levels of return, but withmedium or lower risk.
The charges for this fund will change over time to reflect the changes to the asset mix.
............................................................................................................................................................................................
Asset splitMoney Market 31.75%UK Corporate Fixed Interest 15.86%Global Developed Equities 6.77%Global Emerging Market Fixed Interest 5.05%Global Emerging Market Equities 4.13%US Corporate Fixed Interest 4.01%German Corporate Fixed Interest 3.93%Global High Yield Fixed Interest 3.78%Property 3.51%International Equities 3.27%Global Corporate Fixed Interest 3.16%Hedge 3.16%International Small Cap Companies 3.09%French Corporate Fixed Interest 2.51%Others 6.02%
This data is based on available data for the underlying Zurich pension fund(s) and targetfund holdings as shown.
............................................................................................................................................................................................
This fund factsheet is for information only and is written assuming you are familiar with investment terminology. It has been provided to help youunderstand how the fund is invested and performing. It should not be used for making investment decisions.
EXAMPLE
Mercer Target Cash 2022 Retirement FundMarch 2019
Things you need to knowWe’ve based this information on our currentunderstanding of law and practice. We make everyeffort to ensure that this information is helpful,accurate and correct, but it may change or may notapply to your personal circumstances. All funds carrysome risk and you should consider these risks beforemaking an investment decision. Investment returns arenot guaranteed and the value can fluctuate.The main factors which may increase the risk of thisfund include:* The amount invested in company shares* The split between government and corporate bonds* The extent to which the fund invests in high yieldassets* The amount held in overseas assets* Any concentration in specific areas or sectors
All or some of the investments are made through areinsurance arrangement so if the linked life insurancecompany(ies) were to fail you may lose some or all ofyour money and this will not be covered by theFinancial Services Compensation Scheme.
Mercer Limited and/or Mercer Global Investments(Europe) Limited have been appointed by Zurich toprovide certain investment management services to thefund. The advisor to your pension scheme, MercerConsulting, is part of the same Group as MercerLimited and Mercer Global Investments (Europe)Limited and the Group will therefore benefit frominvestments in this fund.
Cumulative performance (as at 31/03/2019)
3 months 6 months 1 year 3 years 5 years.................................................................................................................................................................................................
Fund 3.90% 2.21% 5.22% 26.22% -.................................................................................................................................................................................................
Discrete performance (as at 31/03/2019)
31/03/2014 -31/03/2015
31/03/2015 -31/03/2016
31/03/2016 -31/03/2017
31/03/2017 -31/03/2018
31/03/2018 -31/03/2019
.................................................................................................................................................................................................
Fund - 0.00% 19.29% 0.56% 5.22%.................................................................................................................................................................................................
Annualised performance (as at 31/03/2019)
3 years 5 years 10 years.................................................................................................................................................................................................
Fund 8.07% - -.................................................................................................................................................................................................
Fund vs Benchmark
The graph below illustrates the performance of the fund from launch up until01/04/2019. The fund is designed to provide a return in line with the benchmark. This isexpected to be the case over the long term. However, there may be times when the fundperformance does not match the benchmark. This may be due to a number of reasons.For example, cash flows in and out of the fund resulting in unit price movements andslight timing differences for the period over which performance is measured.
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
Dec 14 Apr 15 Aug Dec Apr 16 Aug Dec Apr 17 Aug Dec Apr 18 Aug Dec
28/11/2014 - 01/04/2019 © Financial Express Holdings 2019
Fund
Source: Financial Express as at 01/04/2019. You shouldn’t use past performance as asuggestion of future performance. It shouldn’t be the main or sole reason for making aninvestment decision. The value of investments and any income from them can fall as wellas rise and will be reduced in real terms by the effects of inflation. You may not get backthe amount you invested. HM Revenue and Customs (HMRC) practice and law arecomplex. Tax concessions are not guaranteed, their value will depend on individualcircumstances and may change in the future.
Fund performance data is based on a unit price basis and doesn't take into account feesand expenses which are specific to individual plans.
Zurich Assurance Ltd, Registered in England and Wales under company No 02456671.
Registered Office: The Grange, Bishops Cleeve, Cheltenham, GL52 8XX.
EXAMPLE
Mercer Target Cash 2021Retirement Fund
March 2019........................................................................................................................
Fund information(as at 31/03/2019)Launch date 01/12/2014Unit price 623.30pSEDOL BS7JF00MexID ADAANCISIN Code GB00BS7JF007
........................................................................................................................
Fund holdingsFunds Target fund holdingsBlackRock ICS Institutional SterlingLiquidity 56.24%
BlackRock Aquila Connect Corporate BondAll Stocks 21.88%
Mercer Diversified Growth 21.88%‡Zurich is not a fund manager - the Zurich funds investin the underlying fund.
........................................................................................................................
Top holdingsKFW BANKENGRUPPE MTN 6 12/07/2028 0.17%EUROPEAN INVESTMENT BANK 612/07/2028 0.15%
EUROPEAN INVESTMENT BANK 5.62506/07/2032 0.12%
KFW BANKENGRUPPE MTN REGS 5.5506/07/2021 0.12%
BARCLAYS BANK PLC MTN REGS 1005/21/2021 0.09%
KFW BANKENGRUPPE MTN 5.7506/07/2032 0.08%
KFW MTN REGS 0.375 12/15/2020 0.08%ELECTRICITE DE FRANCE SA MTN REGS5.5 10/17/2041 0.08%
EUROPEAN INVESTMENT BANK 504/15/2039 0.08%
EUROPEAN INVESTMENT BANK MTN REGS1.125 09/07/2021 0.08%
Fund objectiveThis fund is designed by Mercer Limited for investors planning to retire in 2021 andtransfer their assets into cash at their selected retirement date. It invests in one or moreunderlying funds to produce a portfolio with access to a range of asset classes. Theemphasis of the fund gradually changes over its lifetime to ultimately completely invest inone or more actively-managed underlying fund(s) that invest in a portfolio of high qualityshort-term Sterling denominated money market instruments. At the end of 2021,investors in this fund will be automatically switched into the Zurich Mercer CashRetirement Fund which aims to maintain a cash-based level of income consistent withpreservation of principal and liquidity by continuing to invest in a portfolio of high qualityshort-term Sterling denominated money market instruments. Derivatives may be used forinvestment purposes as well as risk reduction.
Fund featuresThis fund invests in assets which tend to produce moderate and stable returns. Over thelonger term these assets should generate growth, with some fluctuation in value. Overtime, the assets in which this fund invests will change, so that more of the fund isinvested in assets which tend to produce medium or low levels of return, but withmedium or lower risk.
The charges for this fund will change over time to reflect the changes to the asset mix.
............................................................................................................................................................................................
Asset splitMoney Market 56.56%UK Corporate Fixed Interest 10.10%Global Developed Equities 4.31%Global Emerging Market Fixed Interest 3.22%Global Emerging Market Equities 2.63%US Corporate Fixed Interest 2.55%German Corporate Fixed Interest 2.50%Global High Yield Fixed Interest 2.41%Property 2.23%International Equities 2.08%Global Corporate Fixed Interest 2.01%Hedge 2.01%International Small Cap Companies 1.97%French Corporate Fixed Interest 1.60%Others 3.82%
This data is based on available data for the underlying Zurich pension fund(s) and targetfund holdings as shown.
............................................................................................................................................................................................
This fund factsheet is for information only and is written assuming you are familiar with investment terminology. It has been provided to help youunderstand how the fund is invested and performing. It should not be used for making investment decisions.
EXAMPLE
Mercer Target Cash 2021 Retirement FundMarch 2019
Things you need to knowWe’ve based this information on our currentunderstanding of law and practice. We make everyeffort to ensure that this information is helpful,accurate and correct, but it may change or may notapply to your personal circumstances. All funds carrysome risk and you should consider these risks beforemaking an investment decision. Investment returns arenot guaranteed and the value can fluctuate.The main factors which may increase the risk of thisfund include:* The amount invested in company shares* The split between government and corporate bonds* The extent to which the fund invests in high yieldassets* The amount held in overseas assets* Any concentration in specific areas or sectors
All or some of the investments are made through areinsurance arrangement so if the linked life insurancecompany(ies) were to fail you may lose some or all ofyour money and this will not be covered by theFinancial Services Compensation Scheme.
Mercer Limited and/or Mercer Global Investments(Europe) Limited have been appointed by Zurich toprovide certain investment management services to thefund. The advisor to your pension scheme, MercerConsulting, is part of the same Group as MercerLimited and Mercer Global Investments (Europe)Limited and the Group will therefore benefit frominvestments in this fund.
Cumulative performance (as at 31/03/2019)
3 months 6 months 1 year 3 years 5 years.................................................................................................................................................................................................
Fund 2.60% 1.51% 3.76% 22.53% -.................................................................................................................................................................................................
Discrete performance (as at 31/03/2019)
31/03/2014 -31/03/2015
31/03/2015 -31/03/2016
31/03/2016 -31/03/2017
31/03/2017 -31/03/2018
31/03/2018 -31/03/2019
.................................................................................................................................................................................................
Fund - 0.33% 17.46% 0.53% 3.76%.................................................................................................................................................................................................
Annualised performance (as at 31/03/2019)
3 years 5 years 10 years.................................................................................................................................................................................................
Fund 7.01% - -.................................................................................................................................................................................................
Fund vs Benchmark
The graph below illustrates the performance of the fund from launch up until01/04/2019. The fund is designed to provide a return in line with the benchmark. This isexpected to be the case over the long term. However, there may be times when the fundperformance does not match the benchmark. This may be due to a number of reasons.For example, cash flows in and out of the fund resulting in unit price movements andslight timing differences for the period over which performance is measured.
-10%
-5%
0%
5%
10%
15%
20%
25%
Dec 14 Apr 15 Aug Dec Apr 16 Aug Dec Apr 17 Aug Dec Apr 18 Aug Dec
28/11/2014 - 01/04/2019 © Financial Express Holdings 2019
Fund
Source: Financial Express as at 01/04/2019. You shouldn’t use past performance as asuggestion of future performance. It shouldn’t be the main or sole reason for making aninvestment decision. The value of investments and any income from them can fall as wellas rise and will be reduced in real terms by the effects of inflation. You may not get backthe amount you invested. HM Revenue and Customs (HMRC) practice and law arecomplex. Tax concessions are not guaranteed, their value will depend on individualcircumstances and may change in the future.
Fund performance data is based on a unit price basis and doesn't take into account feesand expenses which are specific to individual plans.
Zurich Assurance Ltd, Registered in England and Wales under company No 02456671.
Registered Office: The Grange, Bishops Cleeve, Cheltenham, GL52 8XX.
EXAMPLE
Mercer Target Cash 2020Retirement Fund
March 2019........................................................................................................................
Fund information(as at 31/03/2019)Launch date 01/12/2014Unit price 604.40pSEDOL BS7JDY0MexID ADAANAISIN Code GB00BS7JDY08
........................................................................................................................
Fund holdingsFunds Target fund holdingsBlackRock ICS Institutional SterlingLiquidity 81.24%
BlackRock Aquila Connect Corporate BondAll Stocks 9.38%
Mercer Diversified Growth 9.38%‡Zurich is not a fund manager - the Zurich funds investin the underlying fund.
........................................................................................................................
Top holdingsKFW BANKENGRUPPE MTN 6 12/07/2028 0.07%EUROPEAN INVESTMENT BANK 612/07/2028 0.06%
EUROPEAN INVESTMENT BANK 5.62506/07/2032 0.05%
KFW BANKENGRUPPE MTN REGS 5.5506/07/2021 0.05%
BARCLAYS BANK PLC MTN REGS 1005/21/2021 0.04%
KFW BANKENGRUPPE MTN 5.7506/07/2032 0.04%
KFW MTN REGS 0.375 12/15/2020 0.04%ELECTRICITE DE FRANCE SA MTN REGS5.5 10/17/2041 0.04%
EUROPEAN INVESTMENT BANK 504/15/2039 0.04%
EUROPEAN INVESTMENT BANK MTN REGS1.125 09/07/2021 0.03%
Fund objectiveThis fund is designed by Mercer Limited for investors planning to retire in 2020 andtransfer their assets into cash at their selected retirement date. It invests in one or moreunderlying funds to produce a portfolio with access to a range of asset classes. Theemphasis of the fund gradually changes over its lifetime to ultimately completely invest inone or more actively-managed underlying fund(s) that invest in a portfolio of high qualityshort-term Sterling denominated money market instruments. At the end of 2020,investors in this fund will be automatically switched into the Zurich Mercer CashRetirement Fund which aims to maintain a cash-based level of income consistent withpreservation of principal and liquidity by continuing to invest in a portfolio of high qualityshort-term Sterling denominated money market instruments. Derivatives may be used forinvestment purposes as well as risk reduction.
Fund featuresThis fund invests in assets which tend to produce more stable returns. Over the longerterm these assets should give lower but steady growth, with some fluctuation in value.Over time, the assets in which this fund invests will change, so that more of the fund isinvested in assets which tend to produce medium or low levels of return, but withmedium or lower risk.
The charges for this fund will change over time to reflect the changes to the asset mix.
............................................................................................................................................................................................
Asset splitMoney Market 81.36%UK Corporate Fixed Interest 4.33%Global Developed Equities 1.85%Global Emerging Market Fixed Interest 1.38%Global Emerging Market Equities 1.13%US Corporate Fixed Interest 1.09%German Corporate Fixed Interest 1.07%Global High Yield Fixed Interest 1.03%Property 0.96%International Equities 0.89%Global Corporate Fixed Interest 0.86%Hedge 0.86%International Small Cap Companies 0.84%French Corporate Fixed Interest 0.68%Others 1.67%
This data is based on available data for the underlying Zurich pension fund(s) and targetfund holdings as shown.
............................................................................................................................................................................................
This fund factsheet is for information only and is written assuming you are familiar with investment terminology. It has been provided to help youunderstand how the fund is invested and performing. It should not be used for making investment decisions.
EXAMPLE
Mercer Target Cash 2020 Retirement FundMarch 2019
Things you need to knowWe’ve based this information on our currentunderstanding of law and practice. We make everyeffort to ensure that this information is helpful,accurate and correct, but it may change or may notapply to your personal circumstances. All funds carrysome risk and you should consider these risks beforemaking an investment decision. Investment returns arenot guaranteed and the value can fluctuate.The main factors which may increase the risk of thisfund include:* The amount invested in company shares* The split between government and corporate bonds* The extent to which the fund invests in high yieldassets* The amount held in overseas assets* Any concentration in specific areas or sectors
All or some of the investments are made through areinsurance arrangement so if the linked life insurancecompany(ies) were to fail you may lose some or all ofyour money and this will not be covered by theFinancial Services Compensation Scheme.
Mercer Limited and/or Mercer Global Investments(Europe) Limited have been appointed by Zurich toprovide certain investment management services to thefund. The advisor to your pension scheme, MercerConsulting, is part of the same Group as MercerLimited and Mercer Global Investments (Europe)Limited and the Group will therefore benefit frominvestments in this fund.
Cumulative performance (as at 31/03/2019)
3 months 6 months 1 year 3 years 5 years.................................................................................................................................................................................................
Fund 1.31% 0.82% 2.28% 17.96% -.................................................................................................................................................................................................
Discrete performance (as at 31/03/2019)
31/03/2014 -31/03/2015
31/03/2015 -31/03/2016
31/03/2016 -31/03/2017
31/03/2017 -31/03/2018
31/03/2018 -31/03/2019
.................................................................................................................................................................................................
Fund - 0.67% 14.70% 0.54% 2.28%.................................................................................................................................................................................................
Annualised performance (as at 31/03/2019)
3 years 5 years 10 years.................................................................................................................................................................................................
Fund 5.66% - -.................................................................................................................................................................................................
Fund vs Benchmark
The graph below illustrates the performance of the fund from launch up until01/04/2019. The fund is designed to provide a return in line with the benchmark. This isexpected to be the case over the long term. However, there may be times when the fundperformance does not match the benchmark. This may be due to a number of reasons.For example, cash flows in and out of the fund resulting in unit price movements andslight timing differences for the period over which performance is measured.
-10%
-5%
0%
5%
10%
15%
20%
25%
Dec 14 Apr 15 Aug Dec Apr 16 Aug Dec Apr 17 Aug Dec Apr 18 Aug Dec
28/11/2014 - 01/04/2019 © Financial Express Holdings 2019
Fund
Source: Financial Express as at 01/04/2019. You shouldn’t use past performance as asuggestion of future performance. It shouldn’t be the main or sole reason for making aninvestment decision. The value of investments and any income from them can fall as wellas rise and will be reduced in real terms by the effects of inflation. You may not get backthe amount you invested. HM Revenue and Customs (HMRC) practice and law arecomplex. Tax concessions are not guaranteed, their value will depend on individualcircumstances and may change in the future.
Fund performance data is based on a unit price basis and doesn't take into account feesand expenses which are specific to individual plans.
Zurich Assurance Ltd, Registered in England and Wales under company No 02456671.
Registered Office: The Grange, Bishops Cleeve, Cheltenham, GL52 8XX.
EXAMPLE
Mercer Cash Retirement
March 2019........................................................................................................................
Fund information(as at 31/03/2019)Launch date 12/10/2015Unit price 506.10pSEDOL BZ2YFC1MexID 0ISIN Code GB00BZ2YFC11
Benchmark†Target: 1 Week Sterling LIBID
†This is the benchmark that has been selected tocompare the performance of the fund.
........................................................................................................................
Fund holdingsFunds Target fund holdingsBlackRock ICS Sterling Liquidity 100.00%‡Zurich is not a fund manager - the Zurich funds investin the underlying fund.
........................................................................................................................
Fund objectiveThis option aims to protect your savings without unexpected falls in value. Growth isexpected to be broadly in line with interest from bank or building societies by investing incash and money market instruments. The return may not always keep pace with inflation.
Fund featuresThis fund invests in assets which tend to produce more stable returns. Over the longerterm these assets should give lower but steady growth, with some fluctuation in value. Insome circumstances, there can be a fall in value. For example, when interest rates are lowthe return from the assets may be less than the charges.
............................................................................................................................................................................................
Asset splitMoney Market 100.00%
This data is based on available data for the underlying Zurich pension fund(s) and targetfund holdings as shown.
............................................................................................................................................................................................
This fund factsheet is for information only and is written assuming you are familiar with investment terminology. It has been provided to help youunderstand how the fund is invested and performing. It should not be used for making investment decisions.
EXAMPLE
Mercer Cash RetirementMarch 2019
Things you need to knowWe’ve based this information on our currentunderstanding of law and practice. We make everyeffort to ensure that this information is helpful,accurate and correct, but it may change or may notapply to your personal circumstances. All funds carrysome risk and you should consider these risks beforemaking an investment decision. Investment returns arenot guaranteed and the value can fluctuate.The main factors which may increase the risk of thisfund include:* The amount invested in company shares* The split between government and corporate bonds* The extent to which the fund invests in high yieldassets* The amount held in overseas assets* Any concentration in specific areas or sectors
All or some of the investments are made through areinsurance arrangement so if the linked life insurancecompany(ies) were to fail you may lose some or all ofyour money and this will not be covered by theFinancial Services Compensation Scheme.
Mercer Limited and/or Mercer Global Investments(Europe) Limited have been appointed by Zurich toprovide certain investment management services to thefund. The advisor to your pension scheme, MercerConsulting, is part of the same Group as MercerLimited and Mercer Global Investments (Europe)Limited and the Group will therefore benefit frominvestments in this fund.
Cumulative performance (as at 31/03/2019)
3 months 6 months 1 year 3 years 5 years.................................................................................................................................................................................................
Fund 0.16% 0.36% 0.58% 1.04% -.................................................................................................................................................................................................
Benchmark 0.14% 0.29% 0.50% 0.92% 1.64%.................................................................................................................................................................................................
Discrete performance (as at 31/03/2019)
31/03/2014 -31/03/2015
31/03/2015 -31/03/2016
31/03/2016 -31/03/2017
31/03/2017 -31/03/2018
31/03/2018 -31/03/2019
.................................................................................................................................................................................................
Fund - - 0.28% 0.18% 0.58%.................................................................................................................................................................................................
Benchmark 0.35% 0.36% 0.20% 0.21% 0.50%.................................................................................................................................................................................................
Annualised performance (as at 31/03/2019)
3 years 5 years 10 years.................................................................................................................................................................................................
Fund 0.34% - -.................................................................................................................................................................................................
Benchmark 0.31% 0.33% 0.37%.................................................................................................................................................................................................
Fund vs Benchmark
The graph below illustrates the performance of the fund from launch up until31/03/2019. The fund is designed to provide a return in line with the benchmark. This isexpected to be the case over the long term. However, there may be times when the fundperformance does not match the benchmark. This may be due to a number of reasons.For example, cash flows in and out of the fund resulting in unit price movements andslight timing differences for the period over which performance is measured.
0%
1%
2%
Oct 15 Jan 16 Apr Jul Oct Jan 17 Apr Jul Oct Jan 18 Apr Jul Oct Jan 19
12/10/2015 - 31/03/2019 © Financial Express Holdings 2019
FundBenchmark
Source: Financial Express as at 31/03/2019. You shouldn’t use past performance as asuggestion of future performance. It shouldn’t be the main or sole reason for making aninvestment decision. The value of investments and any income from them can fall as wellas rise and will be reduced in real terms by the effects of inflation. You may not get backthe amount you invested. HM Revenue and Customs (HMRC) practice and law arecomplex. Tax concessions are not guaranteed, their value will depend on individualcircumstances and may change in the future.
Fund performance data is based on a unit price basis and doesn't take into account feesand expenses which are specific to individual plans.
Zurich Assurance Ltd, Registered in England and Wales under company No 02456671.
Registered Office: The Grange, Bishops Cleeve, Cheltenham, GL52 8XX.
EXAMPLE
