| Change Details | |
|---|---|
| Title | abrdn Investments Luxembourg S.A. |
| Type | Other events |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 16 May 2024 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | abrdn Investments Luxembourg S.A. |
| Fund Name | abrdn SICAV II - Total Return Credit |
| Type of change | Name & Objective Change |
| Date change effective from | 16/05/2024 |
| Is the event subject to shareholder approval? | No |
| 2. Name change details | |
| Previous fund name | abrdn SICAV II - Total Return Credit |
| New fund name | abrdn SICAV II – Global Income Bond |
| 3. Fund objectives | |
| Previous fund objective | To provide a combination of income and growth by investing in debt and debt-related securities that are listed or traded anywhere in the world (including in Emerging Markets). The fund will invest in debt and debt-related securities, including government and corporate bonds, asset backed securities, sub-investment grade bonds and inflation-linked bonds. The fund may also invest in other transferable securities, floating rate notes (FRNs), money market instruments, deposits, cash and near cash, derivatives and collective investment schemes. The fund will not invest more than 20% in asset backed securities. Bonds will be of any credit quality. Up to 100% of the fund may be invested in sub-investment grade bonds. |
| New fund objective | To provide long term total return by investing in a diversified portfolio of debt and debt-related securities from across the global fixed income universe, in both developed and emerging markets. Up to 100% of the Sub-fund’s assets may be invested in sub-investment grade debt and debt-related securities. The Sub-fund aims to outperform the Bloomberg Global Aggregate Corporate BBB Index (USD) with a yield greater than the index over rolling three-year periods (before charges). There is however no certainty or promise that the Sub-fund will achieve this level of return. The Sub-fund is actively managed by the investment team, who will select securities without reference to an index weight or size with the aim of taking advantage of opportunities they have identified. The Sub-fund will invest in debt and debt-related securities that are listed or traded anywhere in the world (including in Emerging Markets), including government and corporate bonds, asset-backed securities, sub-investment grade bonds and inflation-linked bonds. The Sub-fund may also invest in other transferable securities, floating rate notes, money-market instruments, deposits, cash and near cash, derivatives (including currency forwards, bond futures, interest rate swaps and credit default swaps) and collective investment schemes. |