New Fund Name: Artemis UK Smaller Companies Fund
Closing Fund TER: 0.88%
Default Replacement Fund TER: 1.19%
New Fund Objective:
The fund aims to grow capital over a five year period. The fund invests 80% to 100% in shares of smaller companies 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. The fund invests in any industry within the United Kingdom, including companies in other countries that are headquartered or have a significant part of their activities in the United Kingdom. The manager adopts a long-term investment approach and seeks to mostly invest in companies with predictable and/or growing cashflow streams which require little additional capital to sustain.
Customers will be invested in the new fund from 06/03/2025, but these changes may not be visible until up to 2 weeks following this date.
Default Replacement Fund: OMR QI Asia Pacific (ex Japan) Large-Cap Equity Fund
Closing Fund TER: 1.02%
Default Replacement Fund TER: 1.34%
Objective of Default Replacement Fund:
The Fund aims to achieve capital growth and to outperform the MSCI All Countries Asia Pacific ex Japan Index, net of charges, over rolling five year periods. The Fund invests at least 80% of the value of its property in shares of companies that are listed, located or have a significant portion of their business in developed and emerging markets in Asia and Australasia, excluding Japan. Investment may be direct or indirect. A minimum of 60% of assets will be invested in large-cap companies, while the remainder may be invested in companies of any size, including smaller companies. The fund may at times be concentrated in the number of investments it holds (less than 50 holdings). The fund may use derivatives with the aim of reducing the overall costs and/or risks of the fund and/or generating additional income or growth.
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 13/03/2025, but these changes may not be visible until up to 2 weeks following this date.
Default Replacement Fund: OMR BNY Mellon UK Equity Fund
Closing Fund TER: 1.16%
Default Replacement Fund TER: 0.87%
Objective of Default Replacement Fund:
The Fund aims to achieve capital growth and income over the long term (5 years or more). The Fund is actively managed and invests at least 70% of the portfolio in UK equities (company shares), including ordinary shares, preference shares and other equity-related securities. UK companies are defined as those that are either domiciled, incorporated or which have significant business 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 new fund from 24/02/2025, but these changes may not be visible until up to 2 weeks following this date.
Default Replacement Fund: OMR Columbia Threadneedle UK Fund
Closing Fund TER: 0.77%
Default Replacement Fund TER: 1.14%
Objective of Default Replacement Fund:
The Fund aims to achieve investment growth over the long term (5 years, or more). It also looks to outperform the FTSE All-Share Index (the “Index”) over rolling 3-year periods, after the deduction of charges.
The Fund invests at least 90% of its assets in shares of companies listed on the London Stock Exchange; predominantly companies domiciled in the UK, or which have significant UK business operations. There is no restriction on size, but investment tends to focus on the larger companies.
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 31/01/2025, but these changes may not be visible until up to 2 weeks following this date.
Default Replacement Fund: OMR Man Japan CoreAlpha Fund
Closing Fund TER: 0.83%
Default Replacement Fund TER: 0.87%
Objective of Default Replacement Fund:
The investment objective of the Fund is to provide capital growth by outperforming (net of fees) each of (i) TOPIX Total Return Index and (ii) the Russell/Nomura Large Cap Value Total Return Index, both converted to sterling, in a rolling five year period. To achieve the objective, the Fund invests at least 80% of its assets in (i) equities of Japanese companies; or (ii) companies which derive a substantial part of their revenues from activities in Japan.
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 20/01/2025, but these changes may not be visible until up to 2 weeks following this date.
We are expecting to receive a fourth payment from M&G which we will be passing on to customers shortly after. Those customers invested in the impacted funds will have their payments added to their plans in the following replacement funds:
OMR M&G Feeder of Property Portfolio > OMR L&G Property Feeder
AL M&G Property > AL abrdn Property
M&G Feeder of Property Portfolio (Life&Pension)> L&G Property Feeder
We will be issuing a letter to customers shortly after the units have been added to plans. We expect to receive further payments in future and will provide further information when we do.
Default Replacement Fund: L&G 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: L&G 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 1 Life Accumulator
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 Fund Accumulator
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.
