Closure of the SL abrdn Global Real Estate Share Pension Fund

The SL abrdn Global Real Estate Share Pension Fund invests primarily in the abrdn Global Real Estate Share Fund. The aim of the abrdn Global Real Estate Share Fund is summarised below. 

The fund aims to provide long term growth from a combination of income and capital growth by investing predominantly in listed real estate investment trusts (REITs) and quoted property companies. The fund aims to hold a globally diversified portfolio of these assets and is actively managed by our investment team to try to take advantage of opportunities they have identified. Non-sterling denominated assets will typically be hedged back to sterling. 

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 UK Real Estate Share Pension Fund invests primarily in the abrdn UK Real Estate Share Fund. The aim of the abrdn UK Real Estate Share Fund is summarised below. 

To generate income and some growth over the long term (5 years or more) by investing in UK property- related equities (company shares) including listed closed ended real estate investment trusts ('REITs'). Performance Target: To achieve the return of the FTSE 350 Real Estate Index plus 3% per annum (before charges) over rolling three-year periods. The Performance Target is the level of performance that the management team hopes to achieve for the fund. There is however no certainty or promise that they will achieve the Performance Target. The ACD believes this is an appropriate target for the fund based on the investment policy of the fund and the constituents of the index. 

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 Global Real Estate Share Pension Fund invests primarily in the abrdn Global Real Estate Share Fund. The aim of the abrdn Global Real Estate Share Fund is summarised below. 

The fund aims to provide long term growth from a combination of income and capital growth by investing predominantly in listed real estate investment trusts (REITs) and quoted property companies. The fund aims to hold a globally diversified portfolio of these assets and is actively managed by our investment team to try to take advantage of opportunities they have identified. Non-sterling denominated assets will typically be hedged back to sterling. 

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 iShares Environment & Low Carbon Tilt Real Estate Index Pension Fund invests primarily in the iShares Environment & Low Carbon Tilt Real Estate Index Fund. The aim of the iShares Environment & Low Carbon Tilt Real Estate Index Fund is summarised below. 

The Fund aims to provide a return on your investment (generated through an increase in the value of the assets held by the Fund) by tracking closely the performance of the FTSE EPRA/NAREIT Developed Index, the Fund's benchmark index. The Fund is passively managed and the investment manager has limited discretion to select the Fund's investments and in doing so may take into consideration the benchmark index. The Fund invests in equity securities (e.g. shares) of companies that make up the benchmark index. The benchmark index measures the performance of equity securities of leading property companies listed globally. The benchmark index is a free float-adjusted market capitalisation weighted index. Free float-adjusted means that only shares readily available in the market rather than all of a company's issued shares are used in calculating the benchmark index. Free float-adjusted market capitalisation is the share price of a company multiplied by the number of shares readily available in the market. The Fund uses optimising techniques to achieve a similar return to its benchmark index. These techniques may include the strategic selection of certain securities that make up the benchmark index or other securities which provide similar performance to certain constituent securities. These may also include the use of derivatives (i.e. investments the prices of which are based on one or more underlying assets). The Fund may also engage in short-term secured lending of its investments to certain eligible third parties. This is used as a means of generating additional income and to off-set the costs of the Fund. Recommendation: This Fund may not be appropriate for short term investment. 

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