Default Replacement Fund: OMR Blackrock Absolute Return Bond Fund
Closing Fund TER: 0.82%
Default Replacement Fund TER: 0.81%
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. In order to seek to achieve its investment objective the Fund will use a variety of investment strategies and instruments to gain exposure to fixed income securities (i.e. bonds) and money market instruments (i.e. debt securities with short term maturities), issued by companies, governments, government agencies and supranationals worldwide. The Fund will seek to take long investment positions (i.e. buy an equity, bond or currency with the expectation that the asset will rise in value) and use derivatives (i.e. investments the prices of which are based on one or more underlying assets) to take long and short investment positions (i.e. buy or sell a derivative with the expectation that the underlying asset will rise or fall in value).
Default Replacement Fund: OMR Invesco Perp Eur SM Co-Acc
Closing Fund IMC: 1.40%
Default Replacement Fund IMC: 1.19%
Objective of Default Replacement Fund: The objective of the Fund is to achieve long-term (5 years plus) capital growth. The Fund invests at least 80% of its assets in shares of smaller companies incorporated, domiciled, listed or carrying out the main part of their economic activity in Europe, excluding the UK. The Fund may use derivatives (complex instruments) to manage the Fund more efficiently, with the aim
of reducing risk, reducing costs and/or generating additional capital or income. 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: Mixed Investment (Universal)
Closing Fund TER: 0.53%
Default Replacement Fund TER: 0.06%
Objective of Default Replacement Fund: The objective of the fund is to provide steady long-term returns whilst safeguarding the fund against unnecessary risks. The fund is managed with the investments spread over all the major areas – Corporate Bonds 35%, UK equities 30%, North American equities 10%, European equities 10%, Far East (incl. Japan) equities 10% and Deposit 5%.
Default Replacement Fund: OMR VT Momentum Diversified Income Fund
Closing Fund TER: 1.62%
Default Replacement Fund TER: 1.41%
Objective of Default Replacement Fund: The fund aims to provide income over the medium to long term (3-5 years) by investing in
a balanced and well diversified portfolio of UK and International equities which the Investment Manager expects to be able to generate income (i.e. dividends) as well as some fixed interest securities including government and corporate bonds. Investments will also be made in
regulated collective investment schemes (which may include funds managed and/or operated by the ACD or Investment Manager), money
markets and cash deposits to provide further diversification to the fund in accordance with applicable regulations. 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 Allianz UK Listed Equity Income
Closing Fund IMC: 0.89%
Default Replacement Fund IMC: 1.06%
Objective of Default Replacement Fund: The Fund aims to generate a total return (income and capital growth) net of fees greater than that of the FTSE All-Share Index (net of fees) over a rolling 5 year period. The Fund also has a secondary objective to deliver an annual income yield greater than the FTSE All-Share Index. The ACD will invest at least 80% of the Fund’s assets in securities listed on the London Stock Exchange as represented in the FTSE All-Share Index. 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 Jupiter Global Emerging Markets Fund
Closing Fund TER: 1.21%
Default Replacement Fund TER: 1.06%
Objective of Default Replacement Fund: The objective of the fund is to seek to achieve asset growth through investment in a well diversified portfolio of equity securities of issuers in the Emerging Markets or of issuers established outside of the Emerging Markets, which have a predominant proportion of their assets or business operations in the Emerging Markets and which are listed, traded or dealt in on a Regulated Market worldwide. It is not proposed to concentrate investments in any one industry or sector.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 Fidelity European
Closing Fund TER: 1.22%
Default Replacement Fund TER: 1.32%
Objective of Default Replacement Fund: The Fund aims to increase the value of investor’s investment over a period of 5 years or more and provide a growing level of income. The Fund will invest at least 80% in equities (and their related securities) of companies domiciled, incorporated or having significant business in continental Europe and those which are listed in the region. The Fund is actively managed. The Investment Manager identifies suitable opportunities for the Fund utilising in-house research and investment capabilities.
We can confirm that we are expecting to receive a fourth payment from Aviva which we will be passing on to customers shortly after.
Those customers still invested in the impacted funds will have their payments added to their plans in the following replacement funds:
OMR Aviva UK Property Feeder > OMR abrdn UK Real Estate
OMR Prof Aviva UK Property Feeder > OMR Prof Deposit
Aviva Investors UK Prop Feeder (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: OMR First Sentier Global Property Securities Fund
Closing Fund TER: 1.61%
Default Replacement Fund TER: 1.12%
Objective of Default Replacement Fund: The Fund aims to achieve an investment return from income and capital growth over the long term (at least five years). The Fund invests at least 70% of its Net Asset Value in a broad selection of equity or equity-related securities
issued by real estate investment trusts or companies that own, develop or manage real property located worldwide and which are listed, traded or dealt in on Regulated Markets worldwide.
Default Replacement Fund: OMR QI Asia Pc xJp LC Eq Inv
Closing Fund TER: 1.52%
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 (e.g. through collective investment schemes or derivatives), however the ACD expects that the Fund will typically hold investments directly.
The closing fund will be closed to new business immediately.
