| Change Details | |
|---|---|
| Title | abrdn Fund Managers Limited |
| Type | Other events |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 20 February 2025 |
| Change Details | Name, policy & objective changes |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | abrdn Fund Managers Limited |
| Fund Names | abrdn UK Sustainable & Responsible Investment Equity abrdn Global Sustainable and Responsible Investment Equity |
| Type of change | Name, Objective & Investment Policy Change |
| Date change effective from | 20/02/2025 |
| Is the event subject to shareholder approval? | No |
| 2. Name & objective change details | |
| Current Fund Name | New Fund Name |
| abrdn UK Sustainable & Responsible Investment Equity | abrdn UK Sustainable Equity |
| Previous objective | New objective |
| To generate growth over the long term (5 years or more) by investing in UK equities (company shares), which adhere to the abrdn Sustainable and Responsible Investment Equity Approach. Performance Target: To achieve the return of the FTSE All-Share Index plus 3% per annum over rolling five year periods (before charges). 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. |
To generate growth over the long term (5 years or more) by investing in UK equities (company shares) that manage adverse environmental impacts and promote societal welfare in one or more of the four thematic areas of – climate change, the environment, labour management, and human rights & stakeholders, through their business operations OR their products and services. To align with this sustainability objective companies must demonstrate they are positively addressing one or more of the thematic areas, assessed against either the: (i) revenue derived from, or investment budget directed to, products and services that contribute to one or more of the following thematic areas: • climate change - through renewable energy, or sustainable real estate and infrastructure development; or • environment - through circular economy practices, sustainable food & agriculture, or access to water & sanitation; or • labour management - through educational and employment initiatives; or • human rights & stakeholders - through health and social care, or financial inclusions; or (ii) sustainability of business operations in accordance with the abrdn Operational Sustainability Score. This score takes into account a variety of data inputs related to the four thematic areas of climate change, environment, labour management, and human rights & stakeholders to identify companies that are addressing adverse environmental impacts and promoting societal welfare. Performance Target: To achieve a return in excess of the FTSE All-Share Index over rolling five-year periods (after charges). 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. Applying sustainability criteria in the investment process may result in the exclusion of securities within the fund's universe of potential investments and therefore may have a bearing on the fund’s return profile. 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. |
| Current Fund Name | New Fund Name |
| abrdn Global Sustainable and Responsible Investment Equity | abrdn Global Sustainable Equity |
| Previous objective | New objective |
| To generate growth over the long term (5 years or more) by investing in global equities (company shares) which adhere to the abrdn Sustainable and Responsible Investment Equity Approach. Performance Target: To achieve the return of the MSCI AC World Index plus 3% per annum over rolling three year periods (before charges). 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. |
To generate growth over the long term (5 years or more) by investing in global equities (company shares) that manage adverse environmental impacts and promote societal welfare in one or more of the four thematic areas of – climate change, the environment, labour management, and human rights & stakeholders, through their business operations OR their products and services. To align with this sustainability objective companies must demonstrate they are positively addressing one or more of the thematic areas, assessed against either the: (i) revenue derived from, or investment budget directed to, products and services that contribute to one or more of the following thematic areas: • climate change - through renewable energy, or sustainable real estate and infrastructure development; or • environment - through circular economy practices, sustainable food & agriculture, or access to water & sanitation; or • labour management - through educational and employment initiatives; or • human rights & stakeholders - through health and social care, or financial inclusions; or (ii) sustainability of business operations in accordance with the abrdn Operational Sustainability Score. This score takes into account a variety of data inputs related to the four thematic areas of climate change, environment, labour management, and human rights & stakeholders to identify companies that are addressing adverse environmental impacts and promoting societal welfare. Performance Target: To achieve a return in excess of the MSCI AC World Index over rolling five-year periods (after charges). 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. Applying sustainability criteria in the investment process may result in the exclusion of securities within the fund's universe of potential investments and therefore may have a bearing on the fund’s return profile. 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. |
| 3. Investment Policy Changes | |
| In addition, abrdn are making amendments to the Environmental, Social and Governance (ESG) policy of each fund to enhance the information provided on their ESG commitments. | |