A distribution rate is declared on 30 May and 30 November each year. The distribution rates are as follows:
|Distribution date||Declared rate as pence per unit*|
*Distributions are payments made from the fund twice yearly. They are paid out to investors if they elected to take 'natural' income from the fund and so hold 'distributor units' in this fund. They are based on the income generated by interest from corporate and government bonds. This income is not guaranteed, may go down as well as up and past performance is not a guide to the future. Please see your original Key Features for more details.
The number of units held in this fund will be shown on the investor's Policy Schedule. To calculate the amount of income due on a given distribution date, simply multiply the number of units held by the 'distribution pence per unit' on the given date. For example, an investor may hold 20,000 distributor units in the Managed Bond Fund and a distribution of 1.90p per unit will give - 20,000 x 0.019p = £380.00 which will be used to provide a natural income.
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