On 08/04/2026 we were informed by BNY Mellon Fund Managers Limited that the BNY Mellon Index Linked Gilt Fund Newton Institutional Shares 2 Fund would be closed. Customers will be moved into the PUTM Bothwell Index linked Sterling Hedged Fund on 09/06/2026. As a result, there will be a change to the fund customers currently hold.
Default Replacement Fund: PUTM Bothwell Index linked Sterling Hedged Fund
Closing Fund IMC: 0.31%
Default Replacement Fund IMC: 0.38%
The Fund aims to provide a total return (a combination of capital growth and income) by outperforming the benchmark by 0.25% to 0.75% per annum over any given 3 year period. The benchmark is the FTSE UK Index-Linked Gilts All Stocks Index. The Fund aims to achieve its objective by investing at least 80% of the portfolio in index linked securities (Indexed against the UK Retail Prices Index or a similar UK inflation Index) issued by approved supranational bodies and OECD governments. Non-Sterling exposure will be predominantly hedged back to Sterling.
Customers will be invested in the new fund from 09/06/2026, but these changes may not be visible until up to two weeks following this date.
Default Replacement Fund: OMR Artemis Global Income Fund
Closing Fund TER: 1.28%
Default Replacement Fund TER: 1.20%
Objective of Default Replacement Fund:
The fund aims to grow both income and capital over a five year period. The Fund invests 80-100% in company shares and up to 20% in bonds, cash and near cash, other transferable securities, other funds (up to 10%) managed by Artemis and third party funds, money market instruments, and derivatives. The fund may use derivatives for efficient portfolio management purposes to reduce risk and manage the fund efficiently.
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 22/06/2026, but these changes may not be visible until up to 2 weeks following this date.
Old TER: 0.56 %
New TER: 0.47 %
Old TER: 0.56 %
New TER: 0.47 %
New fund objective: The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the average return of the Bloomberg Global Aggregate Index GBP-hedged, over any five-year period.
At least 70% of the Fund is invested, directly or indirectly through derivatives, in debt securities, including investment grade bonds, below investment grade unrated securities and ABS. These securities can be issued or guaranteed by governments and their agencies, public authorities, quasi-sovereigns, supranational bodies and companies from anywhere in the world, including Emerging Markets. These securities can be denominated in any currency.
New fund objective: The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the average return of the Bloomberg Global Aggregate Index GBP-hedged, over any five-year period.
At least 70% of the Fund is invested, directly or indirectly through derivatives, in debt securities, including investment grade bonds, below investment grade unrated securities and ABS. These securities can be issued or guaranteed by governments and their agencies, public authorities, quasi-sovereigns, supranational bodies and companies from anywhere in the world, including Emerging Markets. These securities can be denominated in any currency.
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.
New fund name: OMR MI Sinfonia Adventurous Growth Portfolio Fund
New ACD: Apex Fundrock Ltd
New fund name: OMR MI Sinfonia Balanced Managed Portfolio Fund
New ACD: Apex Fundrock Ltd
New fund name: OMR MI Sinfonia Cautious Managed Portfolio Fund
New ACD: Apex Fundrock Ltd
New fund name: OMR MI Sinfonia Income & Growth Portfolio Fund
New ACD: Apex Fundrock Ltd
