INVESTMENT CHOICE FOR YOUR MOISSON/HORIZON POLICY

Transcription

1 INVESTMENT CHOICE FOR YOUR MOISSON/HORIZON POLICY This document provides key information on the unit funds offered by Hansard Europe Limited ( Hansard ) on your policy. It is for information purposes only and should not be regarded as investment advice. Many of the unit funds available are managed by an external fund manager such as Fidelity, Blackrock or Investec. For each asset (known as the underlying asset ) managed by these third parties, Hansard has created its own unit-linked assurance fund (known as unit funds ). The unit fund principally holds units in the underlying asset and there will be a cash balance (debit or credit) to facilitate dealing. Pricing will take into account the market price of the underlying asset and the net unit fund cash flow. As a result, the unit fund s price and performance should broadly mirror the underlying asset, although there will be variations from time to time. The benefit from a Hansard product is primarily determined by unit fund performance over its lifetime. Other factors may be more important, especially on early surrender in certain cases. All of the unit funds are priced on a daily basis. Please note that some of the unit funds are no longer available for new investment, rather they have been included so that clients who are already linked to them can compare their current unit fund selection to other available unit funds. In addition to the annual management charge for the underlying assets, other charges such as trading fees, legal fees and other operational expenses may apply to that underlying asset. Please note that all underlying asset fees and charges will be reflected in the total expense ratio of the underlying asset which is available from your independent insurance intermediary. The price of the unit fund will also reflect any costs and expenses incurred in the management and safe keeping of the unit fund including charges for custodians and trustees. Synthetic Risk and Reward Indicator For information purposes, Hansard uses the Synthetic Risk and Reward Indicator (SRRI) 1 to help you assess which unit funds best align with your approach to risk. This does not constitute investment advice and should be used as a guidance tool only. The SRRI is calculated based on the volatility of the unit fund for the past five years and the values obtained are translated into one of seven risk categories available based on pre-defined volatility intervals. Volatility is a measure of change of a financial asset s price over a particular time period, which means the greater the movement in unit fund prices, the more volatile the unit fund s performance is. Unit funds with high volatility are generally associated with higher risk but potentially higher reward. Unit funds with low volatility are generally associated with lower risk, but lower potential reward. Unit funds with very low volatility will have a 1 or 2 rating. These unit funds generally have a more cautious approach with little or no exposure to equity markets, and usually invest in cash or money market securities. Unit funds with high volatility will have a 6 or 7 rating. These unit funds tend to have a high exposure to less developed, emerging markets or use high risk alternative assets within their investment strategy. Over the long term, exposure to equity markets could provide the opportunity for higher investment returns. However, it also brings a much higher degree of investment risk. You must therefore be prepared not only for the potential of higher returns, but also the potential for higher losses by linking to these types of unit funds. Where the unit fund was launched more than five years ago, the SRRI has been calculated based on the unit fund prices. Where the unit fund is less than five years old, the SRRI has been calculated based on the underlying asset prices for the past five years or since launch if that is later. SRRI scale Lower Risk Higher Risk Potentially lower reward Potentially higher reward For all unit funds, there is no guarantee that its rating will remain the same and it may be re-categorised in the future. Please note that the lowest rating does not mean that a unit fund has no risk. 1 The Synthetic Risk and Reward Indicator (SRRI) was defined in 2009 by the Committee of European Securities Regulators (CESR) with the aim of providing investors with a method of assessing an underlying fund s risk. Page 1 of 11

2 The following additional risks are not reflected in the SRRI and may warrant consideration with your independent insurance intermediary: Credit Risk where the unit fund invests in securities that are subject to the risk that the issuer may default on interest or capital payments; Derivative Risk where the underlying assets may use derivatives. The use of derivatives can carry the risk of substantial loss and/or increased volatility in adverse financial conditions; Counter party Risk where the unit fund could lose money if an entity (counterparty) with which it does business becomes unwilling or unable to honour its obligations to the unit fund; and Liquidity Risk in some market conditions, the securities held by the underlying asset of the unit fund may be hard to value or difficult to sell at the desired price. The values shown for the SRRI rating were calculated based on unit prices for the five years until 31st May Please note that past performance is not a guide to future performance. Information Key For each available unit fund the following information has been provided: Synthetic Risk and Reward Rating as described above, the unit funds are listed in order of this rating; Objective this provides the objective of the underlying asset which is a high-level description of the main aims of the underlying asset; Launch Date date that Hansard launched the unit fund; Currency currency in which the unit fund is denominated. The majority of unit funds are in either US Dollar or Euro, but there are some UK Sterling, Swiss Franc, Japanese Yen and Swedish Krona denominated funds; Sector category of the unit fund based on the UK Offshore Insurance classification, sourced from Financial Express; Where applicable: Base where the underlying asset has been domiciled; AMC the annual management charge of the underlying asset; and ISIN Code the ISIN code is the uniform identification code for the underlying asset. Further information about a financial instrument can be obtained by using the ISIN Code. SRRI Rating - 1 HEL Euro Deposit Gross - X02G SRRI Rating: 1 11/01/1999 Euro Money Market N/a N/a N/A HEL US Dollar Deposit Gross - C04G SRRI Rating: 1 23/01/1998 US Dollar Money Market N/a N/a N/A HEL Swiss Franc Deposit Gross - D02G SRRI Rating: 1 23/01/1998 Swiss Franc Money Market N/a N/a N/A Page 2 of 4 Page 2 of 11

3 HEL Japanese Yen Deposit Gross G03G SRRI Rating: 1 13/04/2002 Japanese Yen Money Market N/a N/a N/A HEL Swedish Kroner Deposit Gross S03G SRRI Rating: 1 13/04/2002 Swedish Kr. Money Market N/a N/a N/A HEL UK Sterling Gross B04G SRRI Rating: 1 23/01/1998 GB Pound Money Market N/a N/A N/A HEL Nomura Global Emerging 80% Protected Portfolio Gross MC104G SRRI Rating: 1 Objective: This unit fund is now 100% invested in cash-based assets. 11/05/2006 US Dollar Protected/ Guaranteed N/a NA N/A HEL European Protected Active Allocation Gross MX30G SRRI Rating: 1 Objective: This unit fund is now 100% invested in cash-based assets. 18/06/2004 Euro Protected/ Guaranteed N/A N/A N/A HEL Global Protected Active Allocation Gross MX31G SRRI Rating: 1 Objective: This unit fund is now 100% invested in cash-based assets. 18/06/2004 Euro Protected/ Guaranteed N/A N/A N/A HEL Global Property 80% Protected Gross MX43G SRRI Rating: 1 Objective: This unit fund is now 100% invested in cash-based assets. 24/10/2006 Euro Protected/ Guaranteed N/a N/a N/A SRRI Rating - 2 HEL Blackrock Global Multi-Asset Protector Gross MB34G SRRI Rating: 2 Objective: This unit fund is now 100% invested in cash-based assets. 30/11/2006 GB Pound Protected/ Guaranteed N/a N/a N/A Page 3 of 4 Page 3 of 11

4 SRRI Rating - 3 HEL US Fixed Interest (Allianz PIMCO Total Return) C03G SRRI Rating: 3 Objective: To achieve long-term capital growth through investing in a diversified portfolio of US dollar denominated bonds 23/01/1998 US Dollar Global Fixed Interest Ireland 1.4% IE00B11XZ988 HEL Fidelity Euro Bond Gross MX04G SRRI Rating: 3 Objective: Aims to provide an attractive level of income with the possibility of capital growth by investing primarily in both government and non-government bonds denominated in euro. 11/01/1999 Euro Global Fixed Interest Luxembourg 0.75% LU SRRI Rating - 4 HEL European Fixed Interest Gross (Morgan Stanley Strategic Bond) XE01G SRRI Rating: 4 Objective: To achieve long-term capital growth through investing in a diversified portfolio of quoted bonds 11/01/1999 Euro Global Fixed Interest Luxembourg 0.80% LU HEL Cautious Managed (Investec Cautious Managed) Gross B09G SRRI Rating: 4 Objective: To achieve long-term capital growth through investing in a diversified portfolio of quoted equities, bonds and other fixed interest securities. 23/01/1998 GB Pound Mixed, 20-60% Shares United Kingdom 1.50% GB HEL UK Sterling Managed (Fidelity MoneyBuilder Balanced) Gross B01G SRRI Rating: 4 Objective: The investment objective of the unit fund is protected capital appreciation through dynamic exposure to a basket of assets with exposure mainly to global equity and debt markets. 23/01/1998 GB Pound Mixed, 20%-60% Shares United Kingdom 1.00% GB HEL UK Fixed Interest Gross (Fidelity Strategic Bond) B03G SRRI Rating: 4 Objective: To achieve long-term capital growth through investing in a diversified portfolio of quoted bonds. 23/01/1998 GB Pound Sterling Fixed Interest Luxembourg 0.75% LU HEL US Dollar Managed Gross (Templeton Global Balanced) C01G SRRI Rating: 4 Objective: Protected capital appreciation through a dynamic exposure to a basket of assets with exposure mainly to global equity and debt markets 23/01/1998 US Dollar Global Equities Luxembourg 1.50% LU HEL Intl Bond Gross (Invesco Bond) C07G SRRI Rating: 4 Objective: To achieve long-term capital growth through investing in a diversified portfolio of quoted bonds. 23/01/1998 US Dollar Global Fixed Interest Ireland 0.75% IE Page 4 of 4 Page 4 of 11

5 HEL Invesco Bond Gross MC21G SRRI Rating: 4 Objective: To achieve long-term returns through investment in fixed interest and floating rate securities while maintaining a high income yield. 23/01/1998 US Dollar Global Fixed Interest Ireland 0.75% IE HEL Threadneedle Emerging Debt Gross MC67G SRRI Rating: 4 Objective: Seeks a high total return through investments in high yield debt securities of emerging market issuers from around the world. 13/05/2002 US Dollar Global Emerging Luxembourg 1.50% LU HEL Carmignac Patrimoine Gross MX24G SRRI Rating: 4 Objective: To achieve steady absolute return through active management without regard to benchmarks, sectors, asset type or stock size. 23/09/2003 Euro Mixed Investment 20%-60% Shares France 1.50% FR HEL European Managed (BlackRock) Gross XH06G SRRI Rating: 4 Objective: To achieve long-term capital growth through investing in a diversified portfolio of European quoted equities, bonds and other fixed interest securities. 11/01/1999 Euro Europe Including UK Luxembourg 0.75% LU SRRI Rating - 5 HEL Blackrock Continental European Flexible Equity Gross (MX42G) SRRI Rating: 5 Objective: The unit fund invests at least 70% of its total net assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in Europe excluding the UK. 04/10/2006 Euro Europe Excluding UK Luxembourg 1.50% LU HEL Investec Global Strategic Managed Gross MC161G SRRI Rating: 5 *SRRI Rating is based on the underlying asset as the unit fund was only launched in February 2014 Objective: The unit fund aims to grow the value of your investment over the long term. The unit fund invests around the world in a mix of different assets including: bonds, money market instruments, company shares, convertible securities and other funds. 19/02/2014 US Dollar OR Mixed Asset Aggressive Luxembourg 1.50% LU HEL US Stock Market (JP Morgan US Value) Gross C02G SRRI Rating: 5 Objective: To achieve long-term capital growth through investing in a diversified portfolio of quoted US equities. 23/01/1998 US Dollar North America Luxembourg 1.50% LU HEL Invesco Global Healthcare Gross MC22G SRRI Rating: 5 Objective: To achieve long-term capital growth by investing in healthcare companies throughout the world. 23/01/1998 US Dollar Specialist Ireland 2.00% IE Page 5 of 4 Page 5 of 11

6 HEL Invesco Global Select Equity Gross MC51G SRRI Rating: 5 Objective: To achieve capital growth in international securities. 23/01/1998 US Dollar Global Equities Ireland 1.50% IE HEL Templeton Growth Gross MX02G SRRI Rating: 5 Objective: Investing primarily in equity securities of companies worldwide, including emerging markets. 11/01/1999 Euro Global Equities Luxembourg 1.00% LU HEL Fidelity European Smaller Companies Gross MX12G SRRI Rating: 5 Objective: To provide long-term capital growth from an actively managed portfolio consisting of smaller companies listed in the UK and continental Europe. 13/07/2000 Euro Europe Including UK Luxembourg 1.50% LU HEL Carmignac Investissement Gross MX22G SRRI Rating: 5 Objective: To seek absolute maximum return through a non-benchmarked active management strategy without regard to geographical or sector allocation, stock type or size. 17/03/2003 Euro Global Equities France 1.50% FR HEL European Growth Gross (Henderson Horizon European Growth) X01G SRRI Rating: 5 Objective: To provide long-term capital growth by investing primarily in companies benefiting from consumer driven opportunities globally. 11/01/1999 Euro Europe Excluding UK Luxembourg 1.75% LU HEL Credit Agricole Microcaps Europe Gross X04G SRRI Rating: 5 Objective: To invest mainly in values of French small caps with a European diversification. The management aim is to select small companies with more potential for growth in the medium term. 01/06/1999 Euro Europe Excluding UK France 2.00% FR HEL Intl Growth Gross (Investec Global Strategic Equity) B08G SRRI Rating: 5 Objective: To achieve long-term capital growth through investing in a diversified portfolio of international equities. 23/01/1998 GB Pound Global Equities United Kingdom 1.50% GB HEL US Momentum Gross (Blackrock US Flexible Equity) C12G SRRI Rating: 5 Objective: To outperform the US equity market indices long-term. 06/12/1996 US Dollar North America Luxembourg 1.50% LU HEL Man AHL Gross MC75G SRRI Rating: 5 Objective: The unit fund aims to achieve medium-term growth of capital with absolute risk adjusted returns through access to global derivatives and inter-bank currency markets. 18/06/2003 US Dollar Specialist Ireland 3.00% IE Page 6 of 4 Page 6 of 11

7 HEL UK Equity (BlackRock UK Dynamic) Gross B02G SRRI Rating: 5 Objective: To achieve long-term capital growth through investing in a diversified portfolio of quoted UK equities. 23/01/1998 GB Pound UK All Companies United Kingdom 1.50% GB HEL Invesco Japanese Equity Gross MC06G SRRI Rating: 5 Objective: To achieve long-term capital growth through investing in securities of Japanese companies. 23/01/1998 US Dollar Japan Ireland 1.50% IE HEL Fidelity Nordic Gross MS01G SRRI Rating: 5 Objective: To provide long-term capital growth from investment mainly in the stock markets of Sweden, Denmark, Finland and Norway. 23/01/1998 Swedish Krona Europe Excluding UK Luxembourg 1.50% LU HEL Fidelity France Gross MX07G SRRI Rating: 5 Objective: To achieve long-term capital growth through the active management of a portfolio of primarily French equities. 29/03/1999 Euro Europe Excluding UK Luxembourg 1.50% LU HEL JP Morgan European Technology Gross MX13G SRRI Rating: 5 Objective: To achieve long-term capital growth by investing primarily in technology (including media and telecommunication) related European companies. 13/07/2000 Euro Specialist Luxembourg 1.50% LU HEL Fidelity Actions Francaises Gross X03G SRRI Rating: 5 Objective: To achieve long-term capital growth through the active management of a portfolio of primarily French equities. 01/06/1999 Euro Europe Excluding UK Luxembourg 1.50% LU SRRI Rating - 6 HEL Alquity Africa Gross MX53G SRRI Rating: 6 *SRRI Rating is based on the underlying asset as the unit fund is less than five years old. The SRRI Rating is based on performance of the underlying asset since its launch in August Objective: To provide long-term capital appreciation by investing in companies operating in the African continent. The unit fund aims to deliver double-digit returns on an annual basis over the long-term. 22/02/2011 Euro Global Emerging Luxembourg 1.90% LU HEL Pacific Managed (JP Morgan Pacific Equity) Gross C05G SRRI Rating: 6 Objective: To achieve long-term capital growth through investing in a diversified portfolio of quoted equities of the Pacific Region. 23/01/1998 US Dollar Asia Pacific Including Japan Luxembourg 1.50% LU Page 7 of 4 Page 7 of 11

8 HEL Latin America Equity (BlackRock Latin America) Gross C08G SRRI Rating: 6 Objective: To achieve long-term capital growth through investing in a diversified portfolio of quoted equities of Latin America. 23/01/1998 US Dollar Global Emerging Luxembourg 1.75% LU HEL South East Asia (Neptune South East Asia) Gross C09G SRRI Rating: 6 Objective: To achieve long-term capital growth through investing in a diversified portfolio of quoted equities of South East Asia. 23/01/1998 US Dollar Asia Pacific Excluding Japan United Kingdom 1.75% GB00B60T5Y73 HEL Japan Gross (JP Morgan Japan Equity) G01G SRRI Rating: 6 Objective: To achieve long-term capital growth through investing in a diversified portfolio of quoted equities of Japan. 23/01/1998 Japanese Yen Japan Luxembourg 1.50% LU HEL Invesco Emerging Equity Gross MC02G SRRI Rating: 6 Objective: To achieve long-term capital growth through investment in companies in emerging markets. 23/01/1998 US Dollar Global Emerging Ireland 2.00% IE HEL First State China Growth Gross MC29G SRRI Rating: 6 Objective: The unit fund aims to achieve long-term capital growth. The unit fund invests primarily in securities issued by companies with either assets in, or revenues derived from the People s Republic of China that are listed, traded or dealt in on Regulated in China, Hong Kong, Taiwan, the U.S. or in a member state of the OECD. 28/07/1992 US Dollar Asia Pacific Excluding Japan Ireland 2.00% IE HEL JPMorgan Asean Gross MC37G SRRI Rating: 6 Objective: To provide long-term capital growth by investing primarily in the securities of companies with significant assets in, or earnings derived from one or more of the countries comprising the Association of Southeast Asian Nations (ASEAN). 01/03/1995 US Dollar Asia Pacific Excluding Japan Hong Kong 1.50% HK HEL Investec Global Strategic Equity Gross MC42G SRRI Rating: 6 Objective:: The unit fund aims to provide long-term capital growth primarily through investment in companies from around the world, which are expected to enhance underlying profitability and shareholder value through operational or structural improvements to their businesses. 04/07/1994 US Dollar Global Equities Luxembourg 1.50% LU HEL Barings Europa Gross MC03G SRRI Rating: 6 Objective: To achieve long-term capital growth in the value of assets. The policy of the unit fund is to hold a diversified portfolio of quoted or traded equity investments in companies incorporated in any European country (including the United Kingdom). 23/01/1998 US Dollar Europe Including UK Ireland 1.25% IE Page 8 of 4 Page 8 of 11

9 HEL Invesco Pan European Small Cap Equity Gross MC04G SRRI Rating: 6 Objective: To achieve long-term capital growth primarily from a portfolio of investments in smaller companies of any European stock market. 23/01/1998 US Dollar Europe Including UK Luxembourg 1.50% LU HEL Invesco Nippon Small/Mid Cap Equity Gross MC07G SRRI Rating: 6 Objective: To achieve long-term capital growth by investing in small to medium sized Japanese companies and to a lesser extent in large Japanese companies. 23/01/1998 US Dollar Japan Luxembourg 1.50% LU HEL HSBC GIF Chinese Equity Gross MC100G SRRI Rating: 6 Objective: This is a growth-oriented fund investing in companies with significant operations in mainland China. 26/10/2005 US Dollar Asia Pacific Excluding Japan Luxembourg 1.50% LU HEL HSBC GIF BRIC Freestyle Gross MC102G SRRI Rating: 6 Objective: The unit fund seeks long-term returns from capital growth and income through investments in equities and equity equivalent securities from the BRIC countries: Brazil, Russia, India and China (including Hong Kong SAR). 28/10/2005 US Dollar Global Emerging Luxembourg 1.00% LU HEL HSBC GIF BRIC Gross MC110G SRRI Rating: 6 Objective: The unit fund will invest at least two thirds of its total non-cash assets in equity and equity equivalent securities of companies which have their registered office in, and with an official listing on a major stock exchange or other Regulated Market in Brazil, Russia, India and China (including Hong Kong SAR) (BRIC) as well as those companies with significant operations or carrying out a preponderant part of their business activities in these countries. 08/08/2006 US Dollar Global Emerging Luxembourg 1.50% LU HEL Invesco Asian Equity Gross MC17G SRRI Rating: 6 Objective: To achieve long-term capital growth in dollar terms by investing principally in those countries which are widely termed the newly industrialised countries of Asia. 23/01/1998 US Dollar Asia Pacific Excluding Japan Ireland 1.50% IE HEL Invesco Global Technology Gross MC23G SRRI Rating: 6 Objective: To achieve long-term capital growth by investing in technology companies. 23/01/1998 US Dollar Specialist Ireland 1.50% IE HEL Invesco Global Small Cap Equity Gross MC48G SRRI Rating: 6 Objective: To achieve long-term capital growth through a portfolio of investments in international securities. 23/01/1998 US Dollar Global Equities Ireland 1.50% IE Page 9 of 4 Page 9 of 11

10 HEL Investec Global Dynamic Gross MC60G SRRI Rating: 6 Objective: To provide long-term capital growth, through investment in global equities with a bias towards growth stocks. 17/09/1999 US Dollar Global Equities Luxembourg 1.50% LU HEL JP Morgan Eastern European Equity MX01G SRRI Rating: 6 Objective: To provide long-term capital growth by investing primarily in companies in central and eastern Europe (the Eastern Europe Countries). 11/01/1999 Euro Global Emerging Luxembourg 1.50% LU HEL Fidelity Germany Gross MX08G SRRI Rating: 6 Objective: To achieve long-term capital growth by being invested in a diversified portfolio of primarily German equities. 29/03/1999 Euro Europe Excluding UK Luxembourg 1.50% LU HEL Fidelity Italy Gross MX09G SRRI Rating: 6 Objective: To achieve long-term capital growth through investment in a diversified portfolio of primarily Italian equities. 29/03/1999 Euro Europe Excluding UK Luxembourg 1.50% LU HEL Carmignac Commodities Gross MX25G SRRI Rating: 6 Objective: Carmignac Commodities is an international equity fund invested primarily in precious metals and industrials, energy, forest products and agricultural commodities. The objective of the unit fund is to seek the best growth opportunities through the appropriate selection of stocks with high potential. 23/09/2003 Euro Commodity & Energy Luxembourg 1.50% LU HEL Fidelity Iberia Gross MX10G SRRI Rating: 6 Objective: To achieve long-term capital growth through investment in a diversified portfolio of primarily Spanish and Portuguese equities. 29/03/1999 Euro Europe Excluding UK Luxembourg 1.50% LU HEL Invesco Continental European Equity Gross MX32G SRRI Rating: 6 Objective: To achieve capital growth by investing in securities of Continental European companies. 09/09/2004 Euro Europe Excluding UK Ireland 1.50% IE SRRI Rating - 7 HEL HSBC GIF Indian Equity Gross MC101G SRRI Rating: 7 Objective: This is a growth-oriented fund investing in Indian equities listed in the local exchanges or those available as international depository receipts. 09/11/2005 US Dollar Asia Pacific Excluding Japan. Luxembourg 1.50% LU Page 10 of 4 Page 10 of 11

11 For further information about how Hansard unit funds work, please refer to the information sheet How our unit funds work. Information contained in this document is not taken as, and is not intended as, an offer to invest. Anyone considering linking to these unit funds should seek professional guidance. Hansard take no responsibility for action taken based on the content of this document. Relevant product literature should be read in conjunction with this document. Relevant product charges will affect returns. Unit funds can only be accessed through a Hansard product. Product terms and conditions will apply. Hansard Europe Limited Carysfort House, Carysfort Avenue, Blackrock, Co. Dublin, Republic of Ireland Telephone: Fax: /2860 Website: hansard.com Registered Number Registered Office: IFSC, 25/28 North Wall Quay, Dublin 1, Republic of Ireland Hansard Europe Limited is regulated by the Central Bank of Ireland ( EO0481O 20/07/15 Page 11 of 4 Page 11 of 11