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Choosing your funds
Choosing an ISA Fund
We currently offer 12 funds for direct applications by post. You can choose just one, or spread your investment. Other investment choices are available if you apply via a Financial Adviser. The funds available have varying degrees of risk to help you select a fund or funds that suit your own risk profile. For detail of all the risks and charges applicable to the funds, please read our Key Features incorporating a Simplified Prospectus and ISA Terms and Conditions.
There is no minimum or maximum investment period and you can access your investment at any time, however our funds are designed for the medium to long term (at least 5 to 10 years). There are maximum investment limits each year.
The value of your ISA, and any income from it, is not guaranteed and can go up or down depending on performance (and currency exchange rate changes where a fund invests overseas). You may not get back the original amount you invested.
Income or Growth?
You can choose whether you would like to invest in a fund aiming for income or growth or a combination of both.
Income
A fund which aims to provide an income could provide you with a regular payout from your investment if you select Income shares. You can also select Accumulation shares if you wish to have any income added to the value of the fund. You can only select income shares if you invest a single payment.
Growth
If you are looking for a way to build up an investment for the future, you may prefer a fund aiming for growth. These have Accumulation shares which retain any income earned by the shares within the fund and this is reflected in the value of the shares.
Combined Income and Growth
These funds offer both Income and Accumulation shares. You can choose either or a combination of both. Please see Compare our ISA funds for more detail.
Please note you are unable to take an income from your investment if you are investing monthly.
What’s the difference between the Scottish Widows ISA funds?
The table below gives a quick overview of the funds which are available using our downloadable form.
| Fund Name | Income shares available | Accumulation shares available | Minimum Initial Payment | Minimum Monthly Payment |
|---|---|---|---|---|
| Balanced Portfolio | No | Yes | £1000 | £50 |
| Cautious Portfolio | Yes | Yes | £1000 | £50 |
| Corporate Bond | Yes | Yes | £1000 | £50 |
| Environmental Investor | No | Yes | £1000 | £50 |
| European Growth | No | Yes | £1000 | £50 |
| Global Growth | No | Yes | £1000 | £50 |
| High Income Bond | Yes | Yes | £1000 | £50 |
| Opportunities Portfolio | No | Yes | £1000 | £50 |
| Progressive Portfolio | No | Yes | £1000 | £50 |
| Strategic Income | Yes | Yes | £1000 | £50 |
| UK Growth | No | Yes | £1000 | £50 |
| UK Tracker | Yes | Yes | £1000 | £50 |
Please note that the above minimum limits refer to you investing in a single fund per application. The mimimum initial investment is £500 per fund if you invest in more than one fund.
We may change the selection of funds we make available.
Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).
Compare our ISA funds
Just click on the fund name below to reveal more details about the selection of funds you can choose for your ISA investment. We do have a range of other funds which are available if you apply through your Financial Adviser. You can also check fund prices.
Balanced Portfolio
The Balanced Portfolio Fund aims:
- To give long-term capital growth by investing mainly in multi manager funds.
- The fund will invest in a balance of equity and fixed interest security funds (the fixed interest security funds will invest mainly in high quality fixed interest securities, including corporate bonds). These equity and fixed interest security funds will invest in UK and overseas markets.
- The multi-manager funds are currently provided by Scottish Widows Investment Partnership and the Russell Investment Group.
The fund has a target weighting of 50% in fixed interest securities and 50% in equities.
For details of all the risks and charges applicable to the Balanced Portfolio Fund please read our Key Features incorporating a Simplified Prospectus and ISA Terms and Conditions.
Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).
Cautious Portfolio
The Cautious Portfolio Fund aims:
- To give income, with the potential for some long-term capital growth, by investing mainly in multi manager funds.
- The fund will invest at least 80% in fixed interest security funds (investing mainly in high quality fixed interest securities, including corporate bonds), with a low proportion in equity funds. These fixed interest security and equity funds will invest in UK and overseas markets
- The multi-manager funds are currently provided by Scottish Widows Investment Partnership and the Russell Investment Group.
The fund has a target weighting of 85% in fixed interest securities and 15% in equities.
For details of all the risks and charges applicable to the Cautious Portfolio Fund please read our Key Features incorporating a Simplified Prospectus and ISA Terms and Conditions.
Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).
Corporate Bond
The Corporate Bond Fund aims to give either an income or growth (when income is kept within the fund). It does this by investing mainly in high quality corporate bonds and other fixed interest securities issued primarily by companies operating in the UK. The fund may also invest in Europe.
For details of all the risks and charges applicable to the Corporate Bond Fund please read our Key Features incorporating a Simplified Prospectus and ISA Terms and Conditions.
Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).
Environmental Investor
The Environmental Investor Fund aims to give long term capital growth by investing in companies, mainly in the UK, which show a positive commitment to the protection and preservation of the natural environment.
For details of all the risks and charges applicable to the Environmental Investor Fund please read our Key Features incorporating a Simplified Prospectus and ISA Terms and Conditions.
Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).
European Growth
The European Growth Fund aims to give long term capital growth by investing in a wide portfolio of mainly Continental European company shares.
For details of all the risks and charges applicable to the European Growth Fund please read our Key Features incorporating a Simplified Prospectus and ISA Terms and Conditions. Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).
Global Growth
The Global Growth Fund aims to give long term capital growth by investing in a wide portfolio of mainly company shares in any geographical area, including the UK.
For details of all the risks and charges applicable to the Global Growth Fund please read our Key Features incorporating a Simplified Prospectus and ISA Terms and Conditions.
Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).
High Income Bond
The High Income Bond Fund aims to give either an income or growth (when income is kept within the fund). It does this by investing primarily in corporate bonds and other fixed interest securities issued by companies and governments operating in the USA, the UK and Europe. The majority of the fund will be in securities with a higher than average risk.
For details of all the risks and charges applicable to the High Income Bond Fund please read our Key Features incorporating a Simplified Prospectus and ISA Terms and Conditions.
Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).
Opportunities Portfolio
The Opportunities Portfolio Fund aims:
- To give long-term capital growth by investing mainly in multi manager funds.
- The fund will invest at least 80% in equity funds with a low proportion in fixed interest security funds (the fixed interest security funds will invest mainly in high quality fixed interest securities, including corporate bonds). These equity and fixed interest security funds will invest in UK and overseas markets.
- The multi-manager funds are currently provided by Scottish Widows Investment Partnership and the Russell Investment Group.
The fund has a target weighting of 90% in equities and 10% in fixed interest securities.
For details of all the risks and charges applicable to the Opportunities Portfolio Fund please read our Key Features incorporating a Simplified Prospectus and ISA Terms and Conditions.
Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).
Progressive Portfolio
The Progressive Portfolio Fund aims:
- To give long-term capital growth by investing mainly in multi manager funds.
- The fund will invest up to a maximum of 85% in equity funds with a moderate proportion in fixed interest security funds (the fixed interest security funds will invest mainly in high quality fixed interest securities, including corporate bonds). These equity and fixed interest security funds will invest in UK and overseas markets.
- The multi-manager funds are currently provided by Scottish Widows Investment Partnership and the Russell Investment Group.
The fund has a target weighting of 75% in equities and 25% in fixed interest securities.
For details of all the risks and charges applicable to the Progressive Portfolio Fund please read our Key Features incorporating a Simplified Prospectus and ISA Terms and Conditions.
Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).
Strategic Income
The Strategic Income Fund aims to give either an income or growth (when income is kept within the fund). It does this by investing primarily in UK and European corporate bonds and other fixed interest securities. The majority of the fund will be in high quality securities but a significant proportion will be in securities with a higher than average risk.
For details of all the risks and charges applicable to the Strategic Income Fund please read our Key Features incorporating a Simplified Prospectus and ISA Terms and Conditions.
Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).
UK Growth
The UK Growth Fund aims to give long term capital growth by investing in a wide portfolio of mainly UK company shares.
For details of all the risks and charges applicable to the UK Growth Fund please read our Key Features incorporating a Simplified Prospectus and ISA Terms and Conditions.
Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).
UK Tracker
The UK Tracker Fund aims to give long term capital growth by aiming to track the capital performance of the UK equity market, as currently represented by the Financial Times Stock Exchange 100 Index. The fund normally invests in all of the companies included in the Index.
For details of all the risks and charges applicable to the UK Tracker Fund please read our Key Features incorporating a Simplified Prospectus and ISA Terms and Conditions.
Scottish Widows ISAs are a single or monthly payment investment which can fluctuate in value and, while readily accessible, are designed for the medium to long term (at least 5 to 10 years).
Multi Manager Funds
Some of these funds are Multi Manager Funds. For over 40 years, Russell has set itself apart from other investment firms by carefully combining their choice of ‘best of breed’ fund managers as the building blocks for its investment strategies rather than the more common practice of combining individual securities. Russell’s 287 strong Manager Research and Portfolio Management Department constantly monitors and researches its existing managers as well as new managers, to provide clients with access to some of the best fund managers in the world. Russell believes that this approach is the most reliable way of seeking above average returns with below average risk to clients. But remember the value of your investment and any income from it is not guaranteed and can go up or down depending on investment performance (and currency exchange rate changes where a fund invests overseas).
Source: Russell Investment Group end December 2008.
No advice has been given to you so if you have any queries as to whether this product is suitable for you, please contact your financial adviser.
