Default Replacement Fund: L&G Mixed Investment 0-35% Fund
Closing Fund TER: 0.09%
Default Replacement Fund TER: 0.07%
Objective of Default Replacement Fund: The aim of the fund is to provide growth. The Fund aims to achieve capital growth in excess of the Bank of England base interest rate per annum, the “Benchmark”, before deduction of any charges over rolling three year periods. There is no guarantee that the manager will outperform the Benchmark in any period and capital invested in the Fund is at risk.
Default Replacement Fund: OMR JPM US Select
Closing Fund TER: 1.28%
Default Replacement Fund TER: 0.58%
Objective of Default Replacement Fund: To provide capital growth by investing in a portfolio of equity securities of US companies. At least 80% of assets invested in equities of companies that are domicled, or carrying out the main part of their economic activity, in the US.
This fund will be closed following receipt of the confirmation of the merger of the external fund managed by Allianz. Customers will be issued with letters outlining your options following the closure.
Deafult replacement fund: OMR EAB Property Fund
Default replacement fund objective: The objective of the Fund is to achieve income and capital growth by investing solely in the Legal & General UK Property Fund (the “Master Fund”). While the Fund aims to be 100% invested in the Master Fund, it may hold cash where necessary to enable the making of payments to Unitholders or creditors. 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: L&G Pension UK Property Feeder
Default replacement fund objective: The objective of the Fund is to achieve income and capital growth by investing solely in the Legal & General UK Property Fund (the “Master Fund”). While the Fund aims to be 100% invested in the Master Fund, it may hold cash where necessary to enable the making of payments to Unitholders or creditors.
Default replacement fund: L&G Life UK Property Feeder
Default replacement fund objective: The objective of the Fund is to achieve income and capital growth by investing solely in the Legal & General UK Property Fund (the “Master Fund”). While the Fund aims to be 100% invested in the Master Fund, it may hold cash where necessary to enable the making of payments to Unitholders or creditors.
Default replacement fund: OMR Prof L&G UK Property Feeder
Default replacement fund objective: The objective of the Fund is to achieve income and capital growth by investing solely in the Legal & General UK Property Fund (the “Master Fund”). While the Fund aims to be 100% invested in the Master Fund, it may hold cash where necessary to enable the making of payments to Unitholders or creditors. 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 L&G UK Property Feeder
Default replacement fund objective: The objective of the Fund is to achieve income and capital growth by investing solely in the Legal & General UK Property Fund (the “Master Fund”). While the Fund aims to be 100% invested in the Master Fund, it may hold cash where necessary to enable the making of payments to Unitholders or creditors. 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 Stewart Investors Global Emerging Markets Leaders
Closing fund TER: 1.02%
Default Replacement Fund TER: 1.2%
The closing fund has been suspended since March 2022. Once the proceeds from the closure have been received from the Fund Manager shortly after the closure date, each customer will receive units in the default replacement fund named above within 4 weeks equivalent to the value owed to each. This will be processed at the prices effective on the closure date.
Default Replacement Fund: OMR Liontrust UK Smaller Companies
Closing fund TER: 1.19%
Default Replacement Fund TER: 1.2%
