AJ Bell Pension Builder

Pension fund evidence report · the register

AJ Bell Pension Builder — by block

Level 1, the scheme: Seen 83.17% · adverse 34.50% · excluded 14.27% of the extracted equity lines. These are the register’s figures, unchanged; the blocks below add up to them.

LEVEL 2 · THE BLOCKS

Ten blocks, each with its own rule beside its result

Seen, adverse and excluded are our standard, the same on every block: the share of the block’s own lines, and beneath it the block’s contribution to the scheme figure. The rule column is the block’s own, with its threshold as written. A rule shown faded does not reach that block, and nothing in the block is tested against it.

Two dates. Source-fund weights are the parent schedule at 31 March 2025; each source fund’s holdings are its own latest file, SPDR 16.9 months later, IS EM 16.9 months later, IS EW 16.9 months later, VG UK 7 months later, VG EUR 7 months later, AM JP 6 months later, AM UK 6 months later, FR CN 3 months later.

Block	Weight	Holdings	Evidence	Seen	Adverse	Excluded	Its own rule · result	Whose doing
State Street SPDR S&P 500 UCITS ETF Dist holdings as at 2026-08-28	16.65% CG AJ Bell Balanced, parent schedule 31 March 2025	505 487 companies	Fund holdings file	97.7% 30.30% of the lines	63.0% 19.11 pp of the scheme	22.8% 6.92 pp of the scheme	—No commitments workbook — the scheme published no rule this report could find; nothing here is a breach of one, and our standard still applies	Tracks an index a holding here is the index’s composition, so the question is the choice of index, not a manager ignoring a mandate; the fund’s name says so (“State Street SPDR S&P 500 UCITS ETF Dist”)
Vanguard FTSE UK All Share Index Unit Trust Institutional Plus holdings as at 2025-10-31	13.70% CG AJ Bell Balanced, parent schedule 31 March 2025	545 128 companies	Statutory portfolio schedule	84.3% 24.83% of the lines	33.6% 8.34 pp of the scheme	18.4% 4.56 pp of the scheme	—No commitments workbook — the scheme published no rule this report could find; nothing here is a breach of one, and our standard still applies	Tracks an index a holding here is the index’s composition, so the question is the choice of index, not a manager ignoring a mandate; the fund’s name says so (“Vanguard FTSE UK All Share Index Unit Trust Institutional Plus”)
Vanguard FTSE Developed Europe ex-UK Equity Index Fund Institutional Plus holdings as at 2025-10-31	8.30% CG AJ Bell Balanced, parent schedule 31 March 2025	420 270 companies	Statutory portfolio schedule	84.5% 15.11% of the lines	22.8% 3.45 pp of the scheme	9.4% 1.41 pp of the scheme	—No commitments workbook — the scheme published no rule this report could find; nothing here is a breach of one, and our standard still applies	Tracks an index a holding here is the index’s composition, so the question is the choice of index, not a manager ignoring a mandate; the fund’s name says so (“Vanguard FTSE Developed Europe ex-UK Equity Index Fund Institutional Plus”)
Amundi Prime Japan UCITS ETF DR Dist holdings as at 2025-09-30	5.94% CG AJ Bell Balanced, parent schedule 31 March 2025	304 151 companies	Statutory portfolio schedule	69.8% 10.71% of the lines	9.2% 0.98 pp of the scheme	5.6% 0.60 pp of the scheme	—No commitments workbook — the scheme published no rule this report could find; nothing here is a breach of one, and our standard still applies	Tracks an index a holding here is the index’s composition, so the question is the choice of index, not a manager ignoring a mandate; the fund’s name says so (“Amundi Prime Japan UCITS ETF DR Dist”)
iShares MSCI EM ex-China UCITS ETF holdings as at 2026-08-28	4.13% CG AJ Bell Balanced, parent schedule 31 March 2025	626 92 companies	Fund holdings file	43.3% 7.47% of the lines	0.5% 0.04 pp of the scheme	0.1% 0.00 pp of the scheme	—No commitments workbook — the scheme published no rule this report could find; nothing here is a breach of one, and our standard still applies	Tracks an index a holding here is the index’s composition, so the question is the choice of index, not a manager ignoring a mandate; the fund’s name says so (“iShares MSCI EM ex-China UCITS ETF”)
iShares S&P 500 Equal Weight UCITS ETF holdings as at 2026-08-28	2.83% CG AJ Bell Balanced, parent schedule 31 March 2025	504 449 companies	Fund holdings file	90.1% 5.13% of the lines	38.6% 1.98 pp of the scheme	8.8% 0.45 pp of the scheme	—No commitments workbook — the scheme published no rule this report could find; nothing here is a breach of one, and our standard still applies	Tracks an index a holding here is the index’s composition, so the question is the choice of index, not a manager ignoring a mandate; the fund’s name says so (“iShares S&P 500 Equal Weight UCITS ETF”)
Franklin FTSE China UCITS ETF holdings as at 2025-06-30	2.63% CG AJ Bell Balanced, parent schedule 31 March 2025	993 96 companies	Statutory portfolio schedule	64.0% 4.75% of the lines	0.2% 0.01 pp of the scheme	0.0% 0.00 pp of the scheme	—No commitments workbook — the scheme published no rule this report could find; nothing here is a breach of one, and our standard still applies	Tracks an index a holding here is the index’s composition, so the question is the choice of index, not a manager ignoring a mandate; the fund’s name says so (“Franklin FTSE China UCITS ETF”)
Amundi UK Equity All Cap UCITS ETF holdings as at 2025-09-30	0.93% CG AJ Bell Balanced, parent schedule 31 March 2025	225 107 companies	Statutory portfolio schedule	87.0% 1.69% of the lines	34.9% 0.59 pp of the scheme	19.0% 0.32 pp of the scheme	—No commitments workbook — the scheme published no rule this report could find; nothing here is a breach of one, and our standard still applies	Tracks an index a holding here is the index’s composition, so the question is the choice of index, not a manager ignoring a mandate; the fund’s name says so (“Amundi UK Equity All Cap UCITS ETF”)
Amundi MSCI Emerging Ex China UCITS ETF (LU2009202107)	not disclosed 6.19% for the two together	no look-through: a synthetic ETF, whose documents disclose collateral, not the economic index exposure. Not tested, and not zero					no holdings to test	Tracks an index a holding here is the index’s composition, so the question is the choice of index, not a manager ignoring a mandate; the fund’s name says so (“Amundi MSCI Emerging Ex China UCITS ETF (LU2009202107)”)
Amundi MSCI China UCITS ETF (LU1841731745)	not disclosed 6.19% for the two together	no look-through: a synthetic ETF, whose documents disclose collateral, not the economic index exposure. Not tested, and not zero					no holdings to test	Tracks an index a holding here is the index’s composition, so the question is the choice of index, not a manager ignoring a mandate; the fund’s name says so (“Amundi MSCI China UCITS ETF (LU1841731745)”)

Block = source fund. 180 of 3,943 aggregated positions draw on more than one source fund; 3,803 positions are split exactly by their own raw rows (ajbell_equity_resolved_raw_rows.csv); 140 carry nil weight and take the source fund their raw rows name; 0 pro rata.

LEVEL 3 · INSIDE EACH BLOCK

Grouped by block. A holding in more than one block appears under each.