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| Change Details | |
|---|---|
| Title | abrdn Real Estate Feeder |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 13 November 2026 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | abrdn Fund Managers Limited |
| Fund Name | abrdn Real Estate Feeder |
| Type of change | Fund Merger |
| Date merger effective from | 13 November 2026 |
| Date fund suspended | 12 November 2026 |
| Deadline for investors to switch out if appropriate | 11:00 am on 12 November 2026 |
| Is the event subject to shareholder approval? | Yes |
| 2. Fund details | |
| Current Fund | New Fund |
| abrdn Real Estate Feeder | abrdn Global Real Estate |
| 3. Merger details | |
| Will the phasing option automatically continue? | Yes |
| Will the rebalancing option automatically continue? | Yes |
| Will ongoing direct debit payments automatically be redirected into the new fund? | Yes |
| 4. Investment objectives | |
| Previous objective | To generate income and some growth over the long term (5 years or more) by investing all or substantially all of its capital in the abrdn Real Estate fund. To the extent the fund is not fully invested it will hold its remaining assets in money-market instruments including cash. The returns of this fund are not expected to be materially different than the returns of abrdn Real Estate fund. The objective of the abrdn Real Estate fund is to generate income and some growth over the long term (5 years or more) by investing in property and property related investments. It is intended that the fund will be a PAIF at all times and, as such, its investment objective is to carry on property investment business and to manage cash raised for investment in the property investment business. Performance Target: To achieve a return in excess of the following composite benchmark over rolling five year periods (after charges). 45% MSCI UK Monthly Property Index; 45% FTSE EPRA Nareit Developed Net Total Return Index and 10% SONIA. Portfolio Securities: The fund will target an allocation of 45% investment in direct property; 45% investment in indirect property and 10% money-markets instruments (including cash), which may vary as a result of factors such as market conditions. The fund will however invest at least 80% of the fund’s assets in property and property related investments. Direct property investment will be allocated to a diversified portfolio of UK freehold and leasehold property selected from across the retail, office, industrial and other sectors. Indirect investment in global (including emerging markets) property is achieved through listed closed ended REITs, exchange traded funds and equities (company shares) of companies engaged in property and property related activities. The fund may also invest in other funds (including those managed by Aberdeen Investments), short term government bonds, money-market instruments and cash. |
| New objective | To generate income and some growth over the long term (5 years or more) by investing in global commercial property markets. Portfolio Securities: The fund invests at least 80% in global commercial property and property-related equities (company shares). The fund will target an allocation of 45% investment in direct property; 45% investment in listed property shares and 10% investment in money market instruments (including cash) which may vary as a result of factors such as investor subscriptions and redemptions and/or market conditions that could result in a rise or fall of property valuations, both direct and listed. Investment in global property related equities (including Emerging Markets) is achieved through investment in listed closed ended REITs and listed companies engaged in real estate and real estate related activities. The fund may also invest in other funds (including those managed by Aberdeen Investments), short term government bonds, money market instruments and cash. |
| 5. Charging structure | |
| Bundled Fund | |
| Previous AMC | 1.15% |
| New AMC | 1.15% |
| Previous TER | 1.96% (including 0.78% PER) |
| New TER | 1.96% (including 0.78% PER) |
| Previous Reimbursed Amount (Charge Basis 2) | 0.25% |
| New Reimbursed Amount(Charge Basis 2) | 0.25% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.55% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.55% |
| Unbundled Fund | |
| Previous AMC | 0.60% |
| New AMC | 0.60% |
| Previous TER | 1.49% (including 0.78% PER) |
| New TER | 1.49% (including 0.78% PER) |