Fund Updates

Here you will find information about recent fund changes and any updated documents related to these changes. 

August 2024

Proposed changes to the abrdn UK Real Estate Feeder Fund

abrdn Fund Managers Limited have proposed changes to the abrdn UK Real Estate Feeder Fund available through the My Investments products.  

We have summarised the key changes below:

• The direct UK property holdings will be reduced from around 85% to around 45% of its total value in such assets.
• The fund will increase its indirect exposure to property through investment in real estate investment trusts (REITs), exchange traded funds (ETFs), and shares of companies engaged in property and property related activities. It will aim to hold 45% of its total value in such assets. Due to these changes the associated underlying risks of the fund will change over time and are likely to increase. This is due to the introduction of more volatile assets in REITs, ETFs, and shares as well as the addition of some currency risk. In the short term the fund risk rating will not change.
• The fund will change its target benchmark from the IA UK Direct Property sector to a composite benchmark (45% MSCI UK Monthly Property Index, 45% FTSE EPRA Nareit Developed Net Total Return Index, 10% Sterling Overnight Index Average (SONIA)) to ensure that it reflects the wider range of assets the fund invests in. 
• The annual management charge will be reduced from 0.75% to 0.60%. 
• The fund will change its name from the abrdn UK Real Estate Feeder Fund to the abrdn Real Estate Feeder Fund. 

The proposed changes require a unitholder vote to be approved. We will vote in line with the views of NFU Mutual investors and have detailed how to vote via an investor communication for customers invested in the fund and the outcome of the vote will be detailed on this webpage. 

We have assessed the proposed changes and believe that they are beneficial to investors.

Full details of the proposed changes are available in the abrdn Fund Circular.

If you have any questions, please speak to your NFU Mutual Financial Adviser or call us on 0800 622 323 (option 2). 

February 2024

Changes to the NFU Mutual OEIC sub-funds through My Investments

With effect from 26th April 2024, we will change the names of the following sub-funds:

• NFU Mutual Gilt & Corporate Bond Fund
• NFU Mutual UK Growth Fund
• NFU Mutual Global Growth Fund

We will also make changes to the investment objective and policy for each of these sub-funds and the NFU Mutual UK Equity Income Fund.

These changes do not alter the way the sub-funds are managed, and you do not need to take any action. 

More details of the changes including the revised wording for each fund are available in Fund Changes [PDF: 55KB].

September 2023

My Investments change to charges

Effective from 1st September we are making two changes to the charges that apply on our NFU Mutual My Investments account and the investments that are held within this account.

The two changes we are making, one is an increase to the yearly Service Charge paid to us to run the My Investments account and the products held within that account. The second change is a reduction in the Ongoing Charge paid when investing in NFU Mutual investment funds.

Our Service Charge sees the yearly charge on money invested in investment funds or held as cash, up to the value of £25,000, increase from 0.45% from 0.50%. All My Investments customers will pay this increased charge. None of our other charges are increasing.

The Ongoing Charge paid for funds managed by NFU Mutual is reducing by 0.05%. This reduced Ongoing Charge has been made possible by the increase in the money managed by NFU Mutual’s fund managers meaning the cost to investors can be reduced.   

Investment Pathways 2 and 4 fund changes

Effective from 11th September for Investment Pathway 2 (buy an annuity within 5 years) and Investment Pathway 4 (take all my money as cash within 5 years), we are changing the fund that we offer from our Gilt & Corporate Bond fund to our With-Profits Risk Level 2 fund.

We are switching all customers invested in this pathway to the new fund. Any new investments into the investment pathways from this date will be invested in our With-Profits Risk Level 2 fund.