Standard Life UK Equity High Income Fund Retail Accumulation Units

Aim of the fund

The fund aims to provide income and some capital growth over the longer term by investing in UK equities. The fund typically holds a concentrated portfolio of stocks and may also hold a proportion in fixed interest stocks to supplement the income of the fund. The fund is actively managed by our investment team, who will select stocks to try to take advantage of opportunities they have identified.

Fund specific risks

• Charges to Capital (A) - Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
• Concentrated Funds (C) - These funds may invest in a relatively smaller number of stocks. This stock concentration may carry more risk than funds spread across a larger number of companies.
• Down as well as up (I) - The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
• Long term (J) - Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
• Funds which can hold derivatives (M) - Funds which are permitted to use investments such as warrants, options and derivatives for what is known as Efficient Portfolio Management (EPM). They can be used to effectively take a position (or reduce an existing position) in a share or index, allowing positions to be altered more quickly and cost effectively than dealing directly in the underlying investment, but are not generally used to try and magnify returns. However, investors should be aware that the use of these instruments can, under certain circumstances, increase volatility and risk beyond that expected of a fund that only invests in conventional equities.

The letter in brackets indicates the codes used in our printed material (e.g. Investment Times).

On this page you will see a summary provided by the fund manager of key features of the fund. For full details of the fund, in particular the aims, charges and risks, please read the Simplified Prospectus/Key Investor Information Document.

If you are making a material investment decision you must read the Simplified Prospectus/Key Investor Information Document together with the Vantage Key Features which describe the accounts we offer, how we deal for you, hold your investments and how we can save you money. Once you have read these documents select 'invest now' for details of how to invest.