abrdn are simplifying their fund range and have decided to merge their underlying fund with another of their funds that has a similar investment objective. They believe it will better meet the needs and expectations of investors.    

The changes are dependent on a vote passing at a special abrdn Annual General Meeting on 29 August 2024. Subject to changes being agreed, we will be updating the name and fund description of our fund as you can see in the table below. These changes will be effective from 27 September 2024. 

If the vote is not passed, there will be no change to our funds, and we will update our website to reflect this. Our website is the quickest and easiest way for you to check on any changes to your funds. 

The current and new fund details are shown in the table below.  

We’ll be updating our fund factsheets to reflect the new fund description. These will be available by visiting our Investment funds and options page once updated. 

Current fund name  New fund name

SL abrdn Investment Grade Corporate Bond Life Fund
(Fund code – L8) 

 SL abrdn Sterling Corporate Bond Life Fund
(Fund code – L8) 
Current fund description New fund description

The SL abrdn Investment Grade Corporate Bond Life Fund invests primarily in the abrdn Investment Grade Corporate Bond Fund. The aim of the abrdn Investment Grade Corporate Bond Fund is summarised below. 

The fund aims to generate an income, before charges, above that available on UK Government bonds by investing mainly in Sterling denominated corporate bonds. The fund is actively managed by our investment team who may also invest a proportion of assets in other bonds (e.g. gilts) and/or money market instruments to try to take advantage of opportunities they have identified. 

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 abrdn Sterling Corporate Bond Life Fund invests primarily in the abrdn Sterling Corporate Bond Fund. The aim of the abrdn Sterling Corporate Bond Fund is summarised below. 

The fund aims to generate income and some growth over the long term (5 years or more) by investing in Sterling-denominated investment grade corporate bonds. 

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

 

The information on this site is for qualified financial advisers and must not be relied on by anyone else. If you are not an adviser please go to our customer website for more information about our products and services.