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With effect from 21 July 2025, we’re updating the investment objective of the SL BlackRock Market Advantage Pension Fund (Fund code – MMIK).
Blackrock are making changes to the investment objective and policy to ensure the fund remains consistent with the current investment environment.
The previous and new fund details are shown in the table below.
We’ll be updating our fund factsheets to reflect the new investment objective. These will be available on standardlife.co.uk/funds once updated.
| Current fund name | |
|---|---|
| SL BlackRock Market Advantage Pension Fund (Fund code – MMIK) | |
| Current investment objective | New investment objective |
| The Fund aims to provide a return on your investment (generated through an increase in the value of the assets held by the Fund and/or income received from those assets) which exceeds 3 month Sterling Overnight Index Average Rate (SONIA) compounded in arrears by 3.5 % per annum (gross of fees) over the medium to long term (3 to 5 consecutive years). Compounding in arrears is a methodology that compounds daily values of the overnight rate throughout the relevant term period (i.e.3 Months). The Fund will invest on a global basis in any or all of the following asset classes: equity securities (e.g. shares), fixed income securities (e.g. bonds), permitted money-market instruments (e.g. debt instruments with short-term maturities), permitted deposits, cash, other funds and derivatives (i.e. investments the prices of which are based on one or more underlying assets). The above-mentioned asset classes and the extent to which the Fund is invested in these may vary without limit depending on market conditions and other factors at the investment adviser's (IA) discretion. | The aim of the Fund is to provide a return on your investment (generated through an increase in the value of the assets held by the Fund and/or income received from those assets), which exceeds a composite benchmark of 30% MSCI All Country World Index with Developed Markets 100% Hedged to GBP and 70% Bloomberg Global Aggregate Index (GBP Hedged) (gross of fees) over the medium to long term (three to five consecutive years) (the “Benchmark”). In seeking to achieve its investment objective, the Fund may use a variety of investment strategies and investments and may invest in any or all of the following asset classes: equity securities (i.e. shares), equity-related investments (i.e. other investments whose value is related to equities), fixed income securities (e.g. bonds), fixed income related investments (i.e. other investments whose value is related to fixed income securities), money-market instruments (i.e. debt securities with short-term maturities), cash and other assets that can be turned to cash quickly, units of collective investment schemes (i.e. other investment funds which may be Associated Funds) and derivatives. The Fund may invest in a full range of fixed income securities and money market instruments which may include non-investment grade securities. The Fund may gain indirect exposure to asset classes such as commodities (i.e. precious metals and agricultural produce) or property through index derivatives (i.e. a derivative which is based on an underlying financial index reflecting a certain sector or collection of sectors), collective investment schemes (i.e. other investment funds which may be Associated Funds) or structured securities (i.e. investment products which are themselves a packaged collection of underlying investments such as shares, bonds and derivatives). |