VIRGIN MONEY PENSION GROWTH FUND 2

Where your money's invested

This fund is a multi-asset fund of funds investing globally where at least 60% of your money is in funds with higher potential returns but with higher level of risk (like shares). The rest is invested in funds with lower potential returns but with a lower level of risk (like corporate and government bonds).

Which regions?

The following is up-to-date as of 30 June 2023.

39.7%	North America
23.2%	Europe (excluding UK)
22.4%	Asia Pacific
9.5%	UK
3.9%	Latin America
1.3%	Africa

Top Holdings

The following is up-to-date as of 30 June 2023.

18.7%	abrdn Sustainable Index World Equity Fund
12.4%	iShares MSCI Emerging Markets ESG Enhanced Units Fund
8.5%	abrdn Sustainable Index American Equity Fund
8.2%	L&G ESG Emerging Markets Government Bond Index Fund
8.1%	iShares Continental European Equity ESG Index Fund
7.1%	Virgin Climate Change Fund
7.0%	iShares ESG Sterling Corporate Bond Index Fund
5.0%	abrdn SICAV II-Global High Yield Bond Fund
4.9%	iShares ESG Sterling Corporate Bond Index Fund
4.8%	abrdn Sustainable Index UK Equity Fund

How has this fund performed in recent years?

This fund changed strategy in October 2021. For the period before October 2021, to help you compare it with other funds we have replicated the performance of the markets the funds invest in, to give an indication of what the performance may have been prior to the strategy change. The simulated return takes into account an annual cost of 0.85% and that the mix of assets are re-balanced once per month.

The fund doesn’t use a benchmark as a guide for investing or as a target to beat. But we do use a performance comparator which investors may want to compare the fund’s performance against. This comprises 60% shares and 40% bonds. Shares are represented by the MSCI All Countries World Index GBP, whilst bonds are represented by the Bloomberg Global Aggregate Bond Index – GBP Hedged.

Remember, past performance is not a reliable guide to the future. The value of your investment can go down as well as up, and you may get back less than you invest. This is a medium to long term investment so you should be prepared to invest your money for at least 5 years.

Percentage growth

	June 2018 to June 2019	June 2019 to June 2020	June 2020 to June 2021	June 2021 to June 2022	June 2022 to June 2023
Virgin Money Pension Growth Fund 2	6.3%	0.7%	13.4%	-6.8%	5.7%
Performance Comparator	8.8%	5.7%	14.5%	-5.9%	6.7%

Source Lipper, total return (income reinvested). The returns shown above are based on index returns (see above) up until 15.10.21, thereafter actual returns are used. Lump sum invested 30.06.18 to 30.06.23. For details of the performance comparator for each fund please see the respective Key Investor Information Document.

Based on the simulated performance data outlined above, if you had invested £10,000 in the Virgin Money Pension Growth Fund 2 on 30 June 2018, it would be worth £11,896 on 30 June 2023.

Charges and account information

Charges

With this fund you'll only pay the annual ongoing charge.

Annual ongoing charge	0.75%
Other fees	None

Other information

Min balance	From £1
Tax relief	All contributions automatically topped up by 25%. You may be able to claim more. Show risk vs reward help Close risk vs reward help Tax relief means the taxman tops up each pension payment by 25%, whether you're employed, self-employed or not employed. Each year, most people can contribute tax-free up to the lower of 100% of your salary or £40,000. However the rules can be complicated so if you are unsure visit HMRC's Tax On Your Private Pension Contributions Link opens in a new window for more information. If you earn £200,000 or more the rules for you are different and you should read about the Government’s new tapered annual allowance Link opens in a new window. Tax depends on your individual circumstances and may change in the future.
Regular payments	Start and stop your payments or change your payment amount whenever you need to.
Pay in additional lump sums	At any time
Switch funds	At any time
Employer contributions allowed	Yes
Transfers allowed	Yes
Service	24/7 online access and UK-based call centres
FSCS protection	Up to £85,000 of your pension savings are protected by the FSCS

Important news about some changes we’re making to this fund in February 2023. Find out more