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With effect from 30 April 2024, we’re changing the fund name and description of the SL SLI Global High Yield Bond Pension Fund - Series U, 4, F and Z (fund code – DDCK).
The current and new fund details are shown in the table below.
We’ll be updating our fund factsheets to reflect the new fund names and descriptions. These will be available on standardlife.co.uk/funds once updated.
| Current fund name | New fund name |
|---|---|
|
SL SLI Global High Yield Bond Pension Fund |
SL abrdn Global High Yield Bond Pension Fund (fund code – DDCK) |
| Current fund description | New fund description |
|
The fund is invested in the Standard Life Investments Global High Yield Bond Fund which aims to achieve long term growth from capital gains and the reinvestment of income generated by investing predominantly in global high yielding bonds. The fund is actively managed by our investment team who may also invest in other bonds (such as investment grade corporate bonds and government bonds) issued anywhere in the world to try to take advantage of the opportunities they have identified. Please note, this fund invests in the sterling hedged share class of the Standard Life Investments Global High Yield Bond Fund. The sterling hedged share class aims to hedge the entire value of the fund from US dollars to sterling. This does not eliminate currency exposure within the fund. In particular, the sterling value of any non US dollar assets may rise and fall as a result of exchange rate fluctuations. The value of investments within the fund can fall as well as rise and is not guaranteed – you may get back less than you pay in. The fund may use derivatives for the purposes of efficient portfolio management, reduction of risk or to meet its investment objective if this is permitted and appropriate. |
The fund is invested in the abrdn Global High Yield Bond Fund which aims to achieve long term growth from capital gains and the reinvestment of income generated by investing predominantly in global high yielding bonds. The fund is actively managed by our investment team who may also invest in other bonds (such as investment grade corporate bonds and government bonds) issued anywhere in the world to try to take advantage of the opportunities they have identified. Please note, this fund invests in the sterling hedged share class of the abrdn Global High Yield Bond Fund. The sterling hedged share class aims to hedge the entire value of the fund from US dollars to sterling. This does not eliminate currency exposure within the fund. In particular, the sterling value of any non US dollar assets may rise and fall as a result of exchange rate fluctuations. The value of investments within the fund can fall as well as rise and is not guaranteed – you may get back less than you pay in. The fund may use derivatives for the purposes of efficient portfolio management, reduction of risk or to meet its investment objective if this is permitted and appropriate. |