On 15 September 2025 we were informed by Franklin Templeton Investment Management Limited that the OMR FTF Martin Currie US Unconstrained Fund would be merged with the OMR FTF Franklin US Opportunities Fund on 3 October 2025 and as a result there will be a change to the fund customers currently hold.
Default replacement fund: OMR FTF Franklin US Opportunities Fund
Closing Fund TER: 0.85%
Default Replacement Fund TER: 0.80%
Objective of Default Replacement Fund:
The Fund aims to increase in value through investment growth over a period of five years or more (after all fees and costs are deducted). The Fund invests at least two thirds (but typically significantly more) in the shares of companies of any size, listed on the United States’ stock markets. 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 3 October 2025, but these changes may not be visible until up to two weeks following this date.
On 5 September 2025 we were informed by SVM Asset Management Limited that the SVM Continental Europe Fund would be merged with the RGI European Fund on 19 September 2025 and, as a result, there will be a change to the fund customers currently hold.
Default replacement fund: OMR RGI European Fund
Closing Fund TER: 1.62%
Default Replacement Fund TER: 0.90%
Objective of Default Replacement Fund:
The investment objective of the fund is to achieve a return (income and growth in the value of your investment (known as “capital growth”)) over a rolling period of at least five years, by investing in a core concentrated portfolio of shares of European companies (typically numbering between 30 and 50). A rolling period of at least five years has been chosen because it is broadly similar to the length of an average business cycle.
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 19 September 2025, but these changes may not be visible until up to two weeks following this date.
Default Replacement Fund: OMR Sarasin Global Dividend Fund
Closing Fund TER: 1.33%
Default Replacement Fund TER: 1.34%
Objective of Default Replacement Fund:
The Manager seeks to grow the value of the Fund over a rolling 5 year period after deducting fees and costs; and to provide 15% more income than the MSCI All Countries World Index (Net). The Manager measures income after adjusting for withholding taxes.
The Manager invests at least 80% of the Fund in the shares of companies from around the world. The Fund also invests in bonds, other funds (including those managed by Sarasin) and cash. 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.
The merging fund will be suspended from 10/07/2025.
Default Replacement Fund: L&G Schroder Prime UK Equity Fund
Closing Fund TER: 0.84%
Default Replacement Fund TER: 0.41%
Objective of Default Replacement Fund:
The Fund aims to provide capital growth in excess of the FTSE All Share (Gross Total Return) index (after fees have been deducted) over a three to five year period by investing in equity and equity related securities of UK companies. The Fund is actively managed and invests at least 80% of its assets in equity and equity related securities of UK companies. These are companies that are incorporated, headquartered or have their principal business activities in the UK. The Fund may also invest directly or indirectly in other securities (including in other asset classes), countries, regions, industries or currencies, collective investment schemes (including Schroder funds), warrants and money market instruments, and hold cash. The Fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the Fund more efficiently. The merging fund will be suspended from 10/06/2025.
Default Replacement Fund: L&G Schroder Prime UK Equity Fund
Closing Fund TER: 0.84%
Default Replacement Fund TER: 0.41%
Objective of Default Replacement Fund:
The Fund aims to provide capital growth in excess of the FTSE All Share (Gross Total Return) index (after fees have been deducted) over a three to five year period by investing in equity and equity related securities of UK companies. The Fund is actively managed and invests at least 80% of its assets in equity and equity related securities of UK companies. These are companies that are incorporated, headquartered or have their principal business activities in the UK. The Fund may also invest directly or indirectly in other securities (including in other asset classes), countries, regions, industries or currencies, collective investment schemes (including Schroder funds), warrants and money market instruments, and hold cash. The Fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the Fund more efficiently. The merging fund will be suspended from 10/06/2025.
On the 1st May 2025 we were informed by Ninety One Fund Managers (UK) that the Ninety One Multi-Asset Protector Fund would be merged with the Ninety One Diversified Income Fund on the 16th May 2025. As a result there will be a change to the fund customers currently hold.
Default replacement fund: OMR Ninety One Diversified Income Fund
Closing Fund IMC: 1.32%
Default Replacement Fund IMC: 0.94%
Objective of Default Replacement Fund:
The Fund aims to provide income with the opportunity for capital growth (to grow the value of your investment) over at least five years. The Fund seeks to limit volatility (the pace or amount of change in its value) to lower than 50% of that of shares of UK companies (measured using the FTSE All Share Index). The Fund invests in a broad range of assets around the world. These assets include bonds (or similar debt-based assets), shares of companies, listed property securities (such as real estate investment trusts) and other alternative assets (such as investment trusts in infrastructure). Investments may be held directly in the asset itself (excluding commodities and property) or indirectly (e.g. using derivatives (financial contracts whose value is linked to the price of an underlying asset), exchange traded products and/or funds). 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 16/05/2025, but these changes may not be visible until up to 2 weeks following this date.
New fund name: OMR Quilter Cheviot International Balanced Fund
Old TER: 1.51%
New TER: 1.53%
New Objective:
The Investment objective of the Fund is to generate a long-term total return. Investors should note that there can be no guarantee that the Fund will achieve its investment objective.
New fund name: OMR Quilter Cheviot International Equity Fund
Old TER: 1.62%
New TER: 1.60%
New Objective:
The Investment objective of the Fund is to generate a long-term total return. Investors should note that there can be no guarantee that the Fund will achieve its investment objective.
New fund name: OMR Quilter Cheviot International Growth Fund
Old TER: 1.41%
New TER: 1.30%
New Objective:
The Investment objective of the Fund is to generate a long-term total return. Investors should note that there can be no guarantee that the Fund will achieve its investment objective.
Default Replacement Fund: OMR AXA Framlington Global Thematics Fund
Closing Fund TER: 1.19%
Default Replacement Fund TER: 1.18%
Objective of Default Replacement Fund:
The aim of this Fund is to provide long-term capital growth over a period of 5 years or more. The Fund invests in shares of listed companies which are based anywhere in the world (including countries which the Manager considers to be emerging markets) and which the Manager believes will provide above-average returns. The Fund invests principally (meaning at least 80% of its assets) in large and medium-sized companies. The Manager selects shares based upon analysis of a company’s financial status, quality of its management, expected profitability and prospects for growth taking into account the company’s exposure to long-term themes influencing the global economy. The Manager has full discretion to select investments for the Fund in line with the above investment policy and in doing so may take into consideration the MSCI All Country World 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.
The merging fund will be suspended from 23/01/2025. Customers will be invested in the new fund from 24/01/2025, however their switches will not process until at least a week following the conversion.
