Default Replacement Fund: UK Equity
Objective of Default Replacement Fund: The fund aims to provide long term growth and is designed for investors who are looking for exposure to UK equity markets. The fund invests predominantly in the shares of companies listed on the UK stock market. It does this by investing directly in shares or indirectly through other funds.
These funds are not restricted to a particular fund manager or investment strategy, and can be passively and/or actively managed. These funds can change from time to time without notice to ensure the Fund continues to meet its goal.
Default Replacement Fund: UK Equity
Objective of Default Replacement Fund: The fund aims to provide long term growth and is designed for investors who are looking for exposure to UK equity markets. The fund invests predominantly in the shares of companies listed on the UK stock market. It does this by investing directly in shares or indirectly through other funds.
These funds are not restricted to a particular fund manager or investment strategy, and can be passively and/or actively managed. These funds can change from time to time without notice to ensure the Fund continues to meet its goal.
Default Replacement Fund: OMR M&G Episode Allocation
Closing Fund TER: 2.08%
Default Replacement Fund TER: 0.87%
Objective of Default Replacement Fund: The fund aims to provide a combination of capital growth and income of at least 5% a year above the Sterling Overnight Index Average (SONIA), before any charges are taken, over any five-year period.
The fund follows a very flexible investment approach, investing in different types of assets in response to changes in economic conditions and the valuation of assets. A minimum of 30% of the fund is exposed to sterling and a minimum of 60% to developed market currencies (including sterling). The fund may invest in property and in other assets via derivatives or through other funds. The fund typically invests 20-60% of its assets in company shares and convertibles, 30-75% in bonds or cash, and up to 20% in other assets. This fund invests in the underlying retail fund in order to track its performance, this means that fund performance may differ to the underlying fund. Customers will be invested in the new fund from 07/11/2024, but these changes may not be visible until up to 2 weeks following this date.
Default Replacement Fund: OMR BlackRock UK Absolute Alpha Fund
Closing Fund TER: 1.21%
Default Replacement Fund TER: 1.39%
Objective of Default Replacement Fund:
The aim of the Fund is to provide a positive absolute return on your investment (i.e. an increase in the overall value of the Fund) (gross of fees) over any 12 month period regardless of market conditions. The Fund’s target, which is used in the calculation of performance fees after all other fees, is to have a return greater than 3 Month SONIA compounded in arrears plus 11.9 basis point spread over the relevant 12 month period. The Fund will invest at least 70% of its total assets in derivatives, equity securities, equity related securities (i.e. other investments whose value is related to equities) and money market instruments (i.e. debt securities with short term maturities), cash or assets that can be turned into cash quickly. Derivatives will be used to further the investment objective of the Fund. Derivatives may also be used seek to reduce risk (relevant to the investment objective) within the Sub-Fund, reduce investment costs and generate additional income for the Sub-Fund. This fund invests in the underlying retail fund in order to track its performance, this means that fund performance may differ to the underlying fund. Customers will be invested in the OMR BlackRock UK Absolute Alpha Fund from 20/09/2024, but please note these changes may not be visible until up to 2 weeks following this date.
Default Replacement Fund: OMR Prof HSBC FTSE All Share Index
Closing Fund TER: 0.32
Default Replacement Fund TER: 0.15
Objective of Default Replacement Fund:
The Fund aims to provide growth over the long term, which is a period of five years or more, by tracking the performance of the FTSE All-Share Index (the “Index”). To achieve its investment objective, the Fund will invest directly in shares (equities) of companies that make up the FTSE All-Share Index. The Fund may also invest in the following assets which are not part of the Index: – cash to manage day-to-day cash flow requirements; – units or shares of collective investment schemes, including collective investment schemes managed or operated by the HSBC Group in order to manage day-to-day cash flow requirements; – equity related securities such as American Depositary Receipts and Global Depositary Receipts (which are certificates typically issued by a bank or trust company evidencing ownership of shares of a non-US issuer) in order to achieve exposure to a stock instead of using a physical security.This fund invests in the underlying retail fund in order to track its performance, this means that fund performance may differ to the underlying fund.
Default Replacement Fund: OMR HSBC FTSE All Share Index
Closing Fund TER: 0.32
Default Replacement Fund TER: 0.15
Objective of Default Replacement Fund:
The Fund aims to provide growth over the long term, which is a period of five years or more, by tracking the performance of the FTSE All-Share Index (the “Index”). To achieve its investment objective, the Fund will invest directly in shares (equities) of companies that make up the FTSE All-Share Index. The Fund may also invest in the following assets which are not part of the Index: – cash to manage day-to-day cash flow requirements; – units or shares of collective investment schemes, including collective investment schemes managed or operated by the HSBC Group in order to manage day-to-day cash flow requirements; – equity related securities such as American Depositary Receipts and Global Depositary Receipts (which are certificates typically issued by a bank or trust company evidencing ownership of shares of a non-US issuer) in order to achieve exposure to a stock instead of using a physical security. This fund invests in the underlying retail fund in order to track its performance, this means that fund performance may differ to the underlying fund.
Receieving fund: Stewart Investors Global Emerging Markets Leaders fund
