Default Replacement Fund: OMR Prof Fidelity Special Situations Fund
Closing Fund TER: 1.57%
Default Replacement Fund TER: 0.53%
Objective of Default Replacement Fund:
The Fund aims to increase the value of investor’s investment over a period of 5 years or more. The Fund will invest at least 70% in equities (and their related securities) of UK companies (those domiciled, incorporated or having significant business in UK and those which are listed in the UK). The Investment Manager will focus on companies it believes to be undervalued and whose recovery potential is not recognised by the market. It is not restricted in terms of size or industry. The Fund is actively managed without reference to a benchmark.
Customers will be invested in the new fund from 15/11/2024, but these changes may not be visible until up to 2 weeks following this date.
Default Replacement Fund: OMR Fidelity Special Situations Fund
Closing Fund TER: 1.15%
Default Replacement Fund TER: 0.53%
Objective of Default Replacement Fund:
The Fund aims to increase the value of investor’s investment over a period of 5 years or more. The Fund will invest at least 70% in equities (and their related securities) of UK companies (those domiciled, incorporated or having significant business in UK and those which are listed in the UK). The Investment Manager will focus on companies it believes to be undervalued and whose recovery potential is not recognised by the market. It is not restricted in terms of size or industry. The Fund is actively managed without reference to a benchmark.
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 15/11/2024, but these changes may not be visible until up to 2 weeks following this date.
Default Replacement Fund: OMR Invesco UK Opps (UK)
Closing Fund TER: 0.77%
Default Replacement Fund TER: 1.20%
Objective of Default Replacement Fund: To achieve long-term (5 years) capital growth.
Focuses on investing in UK equity based on stock selection driven by fund manager’s assessment of valuation. Not constrained by a benchmark and has a flexible approach with no bias to sector or company size. Aims to invest 80% of assets in shares of companies incorporated, domiciled, or carrying out the main part of their economic activity in the UK. May be exposed to derivatives for efficient portfolio management, mainly reducing risk, 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. Customers will be invested in the new fund from 29/10/2024, but these changes may not be visible until up to 2 weeks following this date.
Default Replacement Fund: OMR NinetyOne Diversified Income Fund
Closing Fund TER: 1.80%
Default Replacement Fund TER: 0.94%
Objective of Default Replacement Fund:
The Fund aims to provide income with the opportunity for capital growth over at least 5 years. The Fund seeks to limit volatility to lower than 50% of that of shares of UK companies (measured using the FTSE All Share Index).
The Fund aims to invest in a broad range of assets globally including bonds, equity, listed property securities, and other alternative assets. These investments will either be done directly or indirectly. The fund can also invest in money market instruments, cash or near cash, deposits, and derivatives. Up to 10% of the funds’ assets can he held in units or shares in other funds.
Investment opportunities are identified using in-depth analysis and research on induvial companies and countries.
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 18/10/2024, but these changes may not be visible until up to 2 weeks following this date.
Default Replacement Fund: OMR JPM Europe Dynamic (ex-UK) Fund
Closing Fund TER: 1.39%
Default Replacement Fund TER: 0.87%
Objective of Default Replacement Fund:
The aim of this Fund is to maximise long-term capital growth by investing primarily in continental European Equities.
At least 80% of assets invested in equities of companies that are domiciled, or carrying out the main part of their economic activity, in a European country (excluding the UK). The Fund may have significant positions in specific sectors or markets from time to time. The Fund may invest in small capitalisation 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 09/10/2024, but these changes may not be visible until up to 2 weeks following this date.
We can confirm that we are expecting to receive a third 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: OMR Aegon Strategic Bond Fund
Closing Fund TER: 0.67%
Default Replacement Fund TER: 0.60%
Objective of Default Replacement Fund:
The investment objective is to provide a combination of income and capital growth over any 7 year period. At least 80% of the Fund will be invested in a diverse portfolio of corporate bonds and government and public securities issued anywhere in the world and 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.
Customers will be invested in the OMR Aegon Strategic Bond from 30/08/2024, but please note these changes may not be visible until up to 2 weeks following this date.
Default Replacement Fund: OMR Schroder Global Cities Real Estate Fund
Closing Fund TER: 1.33%
Default Replacement Fund TER: 1.31%
Objective of Default Replacement Fund:
The Fund aims to provide income and capital growth in excess of inflation (as measured by the UK Consumer Price Index) plus 3% per annum (after fees have been deducted) over a 3 to 5 year period by investing in equity and equity related securities of real estate companies worldwide. The Fund is actively managed and invests at least 80% of its assets in equity and equity related securities of real estate companies worldwide which generate the majority of their earnings from real estate investment related activities. The Fund may invest in real estate investment trusts.
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 Global Cities Real Estate Fund from 31/05/2024, but please note these changes may not be visible until up to 2 weeks following this date.
Default Replacement Fund: OMR M&G Episode Allocation fund
Closing Fund TER: 1.22%
Default Replacement Fund TER: 0.87%
Objective of Default Replacement Fund:
The fund aims to deliver a total return (the combination of capital growth and income) of at least 5% per annum above the Sterling Overnight Index Average (SONIA), before any charges are taken, over any five-year period. The Fund is a multi-asset fund that invests across a range of asset classes, including equities, fixed income securities, convertibles, cash and near cash. Exposure to these assets may be gained either directly or indirectly via collective investment schemes or derivatives. The Fund may also invest indirectly via collective investment schemes or derivatives in other asset classes such as property and gold.
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 M&G Episode Allocation Fund from 31/05/2024, but please note these changes may not be visible until up to 2 weeks following this date.
We can confirm that we are expecting to receive a second 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.
