Standard Life Total Return Credit
Bond - Corporate
The Standard Life Total Return Credit Fund invests fully in the abrdn SICAV II - Total Return Credit Fund. The aim of the abrdn SICAV II - Total Return Credit Fund is summarised below. The Fund aims 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. - Investment in corporate bonds will follow the abrdn "Total Return Credit Promoting ESG Investment Approach" (the "Investment Approach"). - This approach utilises abrdn's fixed income investment process, which enables portfolio managers to qualitatively assess how ESG factors are likely to impact on the company's ability to repay its debt, both now and in the future. To complement this research, the abrdn ESG House Score is used to quantitatively identify and exclude those companies exposed to the highest ESG risks. In addition, abrdn apply a set of company exclusions, which are related to the UN Global Compact, Controversial Weapons, Tobacco Manufacturing and Thermal Coal. - Green bonds, Social bonds or Sustainable bonds issued by companies otherwise excluded by the environmental screens are permitted, where the proceeds of such issues can be confirmed as having a positive environmental impact. - Financial derivative instruments, money-market instruments and cash may not adhere to this approach.
The fund invests in the Standard Life Investments Total Return Credit Fund which aims to provide long term growth from capital gains and the reinvestment of income. It typically holds a portfolio of higher yielding debt securities, including government and corporate bonds, asset backed securities, sub investment grade bonds and inflation linked bonds, which are listed or trade in either developed or emerging markets. The fund may also invest assets in other bonds, floating rate notes (FRNs) and/or money market instruments issued anywhere in the world. The fund is actively managed by our investment team, who will select securities without reference to an index weight or size to try to take advantage of opportunities they have identified. The portfolio is complemented with an active allocation to a range of market positions, which utilise a combination of traditional assets and investment strategies based on advanced derivative techn iques with the aim of reducing the fund's overall volatility and generating additional returns. Investors should note that this allocation is likely to result in the fund gaining exposure to non-bond market opportunities and risks. This means that performance may deviate from bonds over short and medium-term periods. The fund can take long and short positions in markets, securities and groups of securities through derivative contracts.
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112.69
EUR
+16.62 (+17.30%) past 3 year
as of 19 May 2026Financials
20.1%
Consumer Discretionary
17.6%
Cash
16.4%
Other
16.3%
Telecommunication Services
6.3%
Consumer Staples
5.3%
Information Technology
5.1%
Materials
4.8%
Health Care
4.4%
Real Estate
3.8%
SIXSIGMA NETWORKS MEXICO
SUZANO AUSTRIA
STICHTING AK RABOBANK
AUST & NZ BANKING
TIME WARNER CABLE
IRON MOUNTAIN
BUILDERS FIRSTSOURCE
MACY'S RETAIL HLDGS
SOFTBANK
ACADEMY
Bonds
78.10%
Cash
16.40%
Floating Rate Notes
5.40%
Derivatives
0.10%
Other
31.60%
United States of America
29.00%
United Kingdom
11.70%
Germany
5.90%
Netherlands
5.30%
Luxembourg
4.00%
Spain
3.70%
France
3.20%
Fund insights
Detailed information extracted from the fund factsheet.
Underlying fund: abrdn SICAV II - Total Return Credit Fund
Managed by abrdn
The Fund and its holdings may use derivatives for the purpose of efficient portfolio management, reduction of risk or to meet its respective investment objective if this is permitted and appropriate. The fund can use derivatives in order to meet its investment objective or to protect from price and currency movements. This may result in gains or losses that are greater than the original amount invested. Derivatives are financial instruments which derive their value from an underlying asset, such as a company share or a bond, and are used routinely in global financial markets. Used correctly, derivatives offer an effective and cost-efficient way of investing in financial markets. However, derivatives can lead to increased volatility of returns in a fund, thus requiring a robust and extensive risk management process. Some derivatives give rise to increased potential for loss where the fund’s counterparty defaults in meeting its payment obligations. The fund does make extensive use of derivatives.
ESG & sustainability
abrdn, the Investment Manager of the fund, integrates sustainability risks and opportunities into its research, analysis and investment decision-making process. abrdn believes that the consideration of sustainability risks and opportunities of a company can have a material impact on a company’s competitive position and future success and as such on long-term investment returns for investors. abrdn’s ESG integration requires, in addition to its inclusion in the investment decision making process, appropriate monitoring of sustainability considerations in risk management, portfolio monitoring, engagement and stewardship activities. abrdn also engages with policymakers on ESG and stewardship matters. Combining the integration of sustainability risks and opportunities with broader monitoring and engagement activities may affect the value of investments and therefore returns.
Green bonds, Social bonds or Sustainable bonds issued by companies otherwise excluded by the environmental screens are permitted, where the proceeds of such issues can be confirmed as having a positive environmental impact.
Frequently asked questions
Common questions about Standard Life Total Return Credit.
Standard Life Total Return Credit invests fully in the abrdn SICAV II - Total Return Credit Fund. The underlying fund mainly holds debt and debt-related securities from around the world, including government and corporate bonds, asset-backed securities, sub-investment grade bonds and inflation-linked bonds. It can also hold cash, money market instruments, deposits and derivatives.
Standard Life Total Return Credit follows abrdn’s Total Return Credit Promoting ESG Investment Approach through its underlying fund. abrdn assesses how ESG factors may affect a company’s ability to repay debt and uses its ESG House Score to help exclude issuers with the highest ESG risks. The fund also excludes companies involved in controversial weapons, tobacco manufacturing and thermal coal, while still allowing eligible green, social or sustainable bonds from otherwise excluded issuers if the proceeds have a positive environmental impact.
Standard Life Total Return Credit can take higher risk than a traditional government bond fund because it may invest up to 100% in sub-investment grade bonds. These bonds offer higher potential income but have a greater chance of default, which means the issuer may not pay interest or repay capital in full. The fund also faces interest rate, inflation, emerging markets and foreign exchange risk, so its value can move up or down noticeably.
Standard Life Total Return Credit aims to combine income and growth rather than focusing on income alone. It has a global remit, including emerging markets, and can use derivatives extensively to help meet its objective or protect against price and currency movements. Derivatives are financial contracts whose value is linked to another asset, and they can increase both gains and losses.
Standard Life Total Return Credit may suit investors looking for a globally diversified credit fund with an active ESG-led approach and the potential for both income and growth. It may appeal to those comfortable with bond-market risks, including default risk, foreign exchange risk and the extra volatility that can come from derivative use. Investors should be prepared for daily price movements and for the possibility of losses as well as gains.
Standard Life Total Return Credit
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