Default Replacement Fund: OMR Schroder UK Mid 250 Fund
Closing Fund TER: 1.16%
Default Replacement Fund TER: 1.10%
Objective of Default Replacement Fund:
The Fund aims to provide long term capital growth in excess of the FTSE 250 ex Investment Trusts (Gross Total Return) index (after fees have been deducted) over a three to five year period by investing in equity and equity related securities of companies listed in the FTSE 250 Index ex Investment Trusts. The Fund is actively managed and invests at least 80% of its assets in equity and equity related securities of UK companies listed in the FTSE 250 ex Investment Trusts index. These are companies that are incorporated, headquartered or have their principal business activities in the UK. 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 Schroder UK Mid 250 Fund from 02/05/2024, but please note these changes may not be visible until up to 2 weeks following this date.
Default Replacement Fund: L&G Schroder UK Mid 250 Fund
Closing Fund IMC: 0.85%
Default Replacement Fund IMC: 0.66%
Objective of Default Replacement Fund:
The Fund aims to provide long term capital growth in excess of the FTSE 250 ex Investment Trusts (Gross Total Return) index (after fees have been deducted) over a three to five year period by investing in equity and equity related securities of companies listed in the FTSE 250 Index ex Investment Trusts. The Fund is actively managed and invests at least 80% of its assets in equity and equity related securities of UK companies listed in the FTSE 250 ex Investment Trusts index. These are companies that are incorporated, headquartered or have their principal business activities in the UK.
Customers will be invested in the L&G Schroder UK Mid 250 Fund from 02/05/2024, but please note these changes may not be visible until up to 2 weeks following this date.
Default Replacement Fund: L&G Schroder UK Mid 250 Fund
Closing Fund IMC: 0.78%
Default Replacement Fund IMC: 0.66%
Objective of Default Replacement Fund:
The Fund aims to provide long term capital growth in excess of the FTSE 250 ex Investment Trusts (Gross Total Return) index (after fees have been deducted) over a three to five year period by investing in equity and equity related securities of companies listed in the FTSE 250 Index ex Investment Trusts. The Fund is actively managed and invests at least 80% of its assets in equity and equity related securities of UK companies listed in the FTSE 250 ex Investment Trusts index. These are companies that are incorporated, headquartered or have their principal business activities in the UK.
Customers will be invested in the L&G Schroder UK Mid 250 Fund from 02/05/2024, but please note these changes may not be visible until up to 2 weeks following this date.
L&G will make some changes to the Legal & General UK Property Feeder Fund which are consequential changes in light of changes to the L&G UK Property fund, the ‘Master’ fund of the fund. These changes will be effective from 12 April 2024 and have been approved during an Extraordinary Meeting on 10 April 2024.
L&G will amend the investment policy of the Master Fund to enable it to invest a higher proportion of its assets in global property-related assets, such as real estate investment trusts (“REITs”). This change will allow the Master Fund to amend its current portfolio composition to reduce its direct exposure to UK real estate and to increase its indirect exposure to global real estate through REITs.
By implementing this change to its investment policy, L&G aim to continue to deliver their property strategy to unit holders in a more liquid form and with additional benefits of diversification.
To reflect the fund’s new global perspective, its name will change from the L&G UK Property Feeder to L&G Property Feeder.
The portfolio of the fund will be realigned to the desired new asset allocation. The transition process is expected to take 18-24 months, but it may take longer due to the illiquid nature of the assets and varying market conditions.
Old TER: 0.67%
New TER: 0.69%
Old TER: 0.57%
New TER: 0.58%
Old TER: 1.15%
New TER: 1.22%
Old TER: 0.87%
New TER: 0.93%
Old TER: 1.15%
New TER: 1.22%
Old TER: 0.87%
New TER: 0.93%
