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| Change Details | |
|---|---|
| Title | abrdn High Yield Bond |
| Type | Other events |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 23 November 2026 |
| Change Details | Name, objective and AMC change |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | abrdn Fund Managers Limited |
| Fund Name | abrdn High Yield Bond |
| Type of change | Name, AMC & Objective Change |
| Date change effective from | 23/11/2026 |
| Deadline for investors to switch out if appropriate (to avoid any costs) |
11:00 am on 6/11/2026 |
| Is the event subject to shareholder approval? | Yes - Approved |
| 2. Name change details | |
| Current Fund Name | New Fund Name |
| abrdn High Yield Bond | abrdn Global Enhanced Yield Bond |
| 3. Investment objectives | |
| Previous objective | To generate income and some growth over the long term (5 years or more) by investing in Sterling and Euro denominated sub-investment grade (high yield) corporate bonds. Performance Target: To achieve the return of the ICE BofA GBP/Euro Fixed & Floating High Yield Non Financial 3% Constrained Index (Hedged to GBP) plus 0.8% 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/comparator for the fund based on the investment policy of the fund and the constituents of the index. The fund will invest at least 70% in Sterling and Euro denominated sub-investment grade corporate bonds and may also invest in bonds issued anywhere in the world by governments and corporations, including sub-sovereigns and the following types: investment grade, inflation-linked, convertible, asset backed and mortgage backed. The fund may also invest in other funds (including those managed by Aberdeen Investments) and money-market instruments, and cash. |
| New objective | To generate income and some growth over the long term (5 years or more) by investing in sub-investment grade (high yield) bonds issued by corporations, governments or government-related bodies anywhere in the world (including in emerging markets). Performance Target: To achieve a return in excess of the Bloomberg Global High Yield Corporate Index 2% Issuer Cap (Hedged to GBP) over rolling five year periods (after charges), with the fund specifically targeting a yield above that of the index. 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 fund will invest at least 60% in sub-investment grade (high yield) bonds and may invest up to 40% in emerging market bonds, including up to 10% in Mainland China bonds. The fund may also invest up to 10% in convertible bonds, including contingent convertible bonds and in other bonds, including sub-sovereigns, investment grade, inflation-linked, convertible, asset backed and mortgage backed bonds. The fund may also invest in other funds (including those managed by Aberdeen Investments) and money-market instruments, and cash. |
| 4. Change to charging structure | |
| Bundled Fund | |
| Previous AMC | 1.00% |
| New AMC | 0.92% |
| Previous TER | 1.02% |
| New TER | 1.02% |
| Current Trail Commission (Charge Basis 1) | 0.35% |
| New Trail Commission (Charge Basis 1) | 0.25% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.35% |
| New Reimbursed Amount (Charge Basis 2) | 0.25% |
| Previous Reimbursed Rebate Rate (Charge Basis 3) | 0.50% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.42% |
| Unbundled Fund | |
| Previous AMC | 0.60% |
| New AMC | 0.50% |
| Previous TER | 0.69% |
| New TER | 0.60% |
| Previous Reimbursed Rebate Rate (Charge Basis 3) | 0.10% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.00% |