Standard Life Total Return Credit

Fund objective

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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