Fidelity is making changes to the SL Fidelity Extra Income Life Fund (fund code – 7E). Standard Life is updating our fund name and description in line with these changes.

We expect these changes to take effect from 3 February 2026, following approval at a special annual general meeting in early December. If the vote does not pass there will be no changes to your fund.

Details of these changes can be found in the table below.

We’ll be updating our fund factsheets to reflect the new descriptions. These will be available on standardlife.co.uk/funds once updated.

 

Current fund name  New fund name 
SL Fidelity Extra Income Life Fund (fund code – 7E) SL Fidelity Global High Income Bond Life Fund (7E)
Current fund description New fund description

The SL Fidelity Extra Income Life Fund invests primarily in the Fidelity Extra Income Fund. The aim of the Fidelity Extra Income Fund is summarised below.

The Fund aims to deliver an income with the potential to increase the value of your investment. The Fund will be at least 70% exposed to sterling denominated (or hedged back to sterling) investment grade and high yield debt instruments. The Fund is actively managed. The Investment Manager identifies suitable opportunities for the Fund utilising in-house research and investment capabilities.

The Investment Manager will, when selecting investments for the Fund and for the purposes of monitoring risk, consider the ICE Bank of America Merrill Lynch Q409 Custom Index (GBP Hedged) which is a custom blend of investment grade and high yield corporate bond indices maintained by Bank of America Merrill Lynch. However, the Investment Manager has a wide degree of freedom relative to the index and may invest in issuers, sectors, countries and security types not included in the index in order to take advantage of investment opportunities. This means the Fund's investments and therefore performance may vary significantly from the index.

The Fund may also obtain exposure to transferable securities, money market instruments, collective investment schemes, cash and near cash and deposits. Derivatives may be used for efficient portfolio management and investment purposes and may include (but are not limited to) derivatives on exchange rates, interest rates, inflation and credit.

The Fund may also take positions which enable it to benefit from falling asset prices. The Fund's performance can be compared to the ICE Bank of America Merrill Lynch Q409 Custom Index (GBP Hedged) as the index constituents best represent the characteristics the Fund is seeking to gain exposure to. Many funds sold in the UK are grouped into sectors by the Investment Association (the trade body that represents UK Investment Managers), to facilitate comparison between funds with broadly similar characteristics.

This Fund is classified in the IA Sterling Strategic bond sector. Performance data on funds within this sector may be prepared and published by data providers and will be used when evaluating the performance of this Fund. The IA sector most closely reflects the combination of assets in the Fund.

The value of any investment can fall as well as rise and is not guaranteed - you may get back less than you pay in.

The SL Fidelity Global High Income Bond Life Fund invests primarily in the Fidelity Global High Income Bond Fund. The aim of the Fidelity Global High Income Bond Fund is summarised below.

The Fund aims to deliver an income in excess of the average yield of the funds in the Investment Association's IA Sterling Strategic Bond sector, before fees, over a rolling 3-year period.

The Fund will be at least 80% exposed to sterling denominated (or hedged back to sterling) global debt instruments, including emerging market debt.
The Fund will invest in investment grade and non investment grade instruments (e.g. government bonds and corporate bonds).
The Fund is actively managed and is not constrained by a benchmark. The Investment Manager identifies suitable opportunities for the Fund utilising in-house research and investment capabilities.
The Fund may also obtain exposure to transferable securities, money market instruments, collective investment schemes, cash and near cash and deposits. Derivatives may be used for efficient portfolio management and investment purposes and may include (but are not limited to) derivatives on exchange rates, interest rates, inflation and credit. The Fund may also take positions which enable it to benefit from falling asset prices.

The value of any investment can fall as well as rise and is not guaranteed - you may get back less than was paid in.