Online Investments accounts opened before 20th February 2023
This page is for customers who opened their accounts before 20th February 2023 and have account numbers beginning with IB.
Our ready-made investments
Managed Growth Fund 2
Fund manager approach: CautiousOur Cautious fund is dominated by lower risk assets such as government bonds and high quality corporate bonds but additionally may include small exposures to high-yield bonds. Our Cautious fund may also have some exposure to shares (UK and International), property and other riskier assets which have the potential for higher returns than bonds.
Risk level: Lower
Investment splitThis is the fund’s strategic asset allocation. The current asset allocation can be found within the fund’s factsheet. The asset breakdowns shown are indicative only and subject to change.
Shares - 26.7%
Bonds & Gilts - 60.8%
Property - 5.5%
Other - 7%
Charges:
Service fee: 0.24% (capped at £36)
Ongoing charge: 0.23%
Transaction costs: 0.11%
Key documents:
Managed Growth Fund 2 KIID (PDF, 115KB)
Factsheet (PDF, 138KB)
Managed Growth Fund 4
Fund manager approach: BalancedOur Balanced fund aims to hold a mixture of shares and bonds typically on a relatively equal basis. This fund may have exposure to property and absolute return strategies and other assets.
Risk level: Medium
Investment splitThis is the fund’s strategic asset allocation. The current asset allocation can be found within the fund’s factsheet. The asset breakdowns shown are indicative only and subject to change.
Shares - 54.5%
Bonds & Gilts - 29.5%
Property - 8%
Other - 8%
Charges:
Service fee: 0.24% (capped at £36)
Ongoing charge: 0.24%
Transaction costs: 0.12%
Key documents:
Managed Growth Fund 4 KIID (PDF, 153KB)
Factsheet (PDF, 138KB)
Managed Growth Fund 6
Fund manager approach: ProgressiveOur Progressive fund is dominated by exposure to UK and International shares but may also have some bonds, property, cash and absolute returns strategies to aim to lower volatility during market fluctuations.
Risk level: Higher
Investment splitThis is the fund’s strategic asset allocation. The current asset allocation can be found within the fund’s factsheet. The asset breakdowns shown are indicative only and subject to change.
Shares - 82%
Bonds & Gilts - 8%
Property - 5%
Other - 5%
Charges:
Service fee: 0.22% (capped at £36)
Ongoing charge: 0.22%
Transaction costs: 0.12%
Key documents:
Managed Growth Fund 6 KIID (PDF, 245KB)
Factsheet (PDF, 138KB)
Read Our Fund Range and Investments (PDF, 239KB) for more information about the funds, including how they are managed, their risks and objectives, and a breakdown of the charges.
Our funds' past performance
The data in the below table and performance chart refer to the past, and past performance is not a reliable indicator of future results. The performance data includes the ongoing charge and all transaction costs within the fund, but does not include the 0.24% service fee which is paid to us once per year.
Source of data: FE Fundinfo
|
Date |
Managed Growth Fund 2 Cautious |
Managed Growth Fund 4 Balanced |
Managed Growth Fund 6 Progressive |
|---|---|---|---|
|
Date 31st Dec 2022 – 31st Dec 2023 |
Managed Growth Fund 2 Cautious 8.6% |
Managed Growth Fund 4 Balanced 9.9% |
Managed Growth Fund 6 Progressive 11.0% |
|
Date 31st Dec 2021 – 31st Dec 2022 |
Managed Growth Fund 2 Cautious -12.3% |
Managed Growth Fund 4 Balanced -8.9% |
Managed Growth Fund 6 Progressive -7.0% |
|
Date 31st Dec 2020 – 31st Dec 2021 |
Managed Growth Fund 2 Cautious 3.5% |
Managed Growth Fund 4 Balanced 8.2% |
Managed Growth Fund 6 Progressive 12.5% |
|
Date 31st Dec 2019 – 31st Dec 2020 |
Managed Growth Fund 2 Cautious 4.0% |
Managed Growth Fund 4 Balanced 2.3% |
Managed Growth Fund 6 Progressive 1.9% |
|
Date |
|
|---|---|
|
Date 31st Dec 2018 – 31st Dec 2019 |
Our funds weren’t launched until 16th September 2019. |
Past performance graph
The above graph shows the percentage change of the funds since launch. This is to help you understand how the funds have performed over the longer term.
Please remember that the data in the above table and below performance graph refer to the past, and past performance is not a reliable indicator of future results.
The Last Available Price for each fund is shown below the graph and this is usually the price from the previous trading day. If you decide to invest in one of our funds, your trade will be sent to the Fund Manager and you will get the price given on the next available valuation point for this fund, which could be higher or lower than the price shown above.
Understanding the charges
These charges are based on the value of your total investment.
The total cost is a combination of the service fee, ongoing charge and transaction costs:
- The service fee is 0.24% (capped at £36). It is calculated monthly (minimum of 20p per month) based on the total value of your investment and is then paid to us once a year. This fee covers our costs for managing your account.
- The ongoing charge is charged by the fund manager for their services and is built into the total value of the fund.
- Transaction costs are incurred when the fund manager buys and sells investments within the fund. These costs are built into the fund's value.
|
Fund type |
Service fee |
Ongoing charge |
Transaction costs |
Total |
|---|---|---|---|---|
|
Fund type Cautious - Managed Growth Fund 2 |
Service fee 0.24% (capped at £36) |
Ongoing charge 0.23% |
Transaction costs 0.11% |
Total 0.58% |
|
Fund type Balanced - Managed Growth Fund 4 |
Service fee 0.24% (capped at £36) |
Ongoing charge 0.24% |
Transaction costs 0.12% |
Total 0.60% |
|
Fund type Progressive - Managed Growth Fund 6 |
Service fee 0.24% (capped at £36) |
Ongoing charge 0.22% |
Transaction costs 0.12% |
Total 0.58% |
Bank of Scotland plc, Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Bank of Scotland plc is Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.
Eligible investments with us are protected by the Financial Services Compensation Scheme (FSCS). For further information about the compensation provided by the FSCS, refer to the FSCS website at www.fscs.org.uk/. You can also visit our Financial Services Compensation Scheme page for more details.
Eligible investments are protected up to a total of £85,000 by the Financial Services Compensation Scheme.