Default Replacement Fund: OMR abrdn UK Sustainable and Responsible Investment Equity Fund
Closing Fund TER: 0.93%
Default Replacement Fund TER: 0.93%
Objective of Default Replacement Fund: The objective of the fund is to generate growth over the long term (5 years or more) by investing in UK equities (company shares), which adhere to the abrdn Sustainable and Responsible Investment Equity Approach. Fund aims to achieve the return of the FTSE All-Share Index plus 3% per annum over rolling five year periods (before charges). The Performance Target is the level of performance that the management team hopes to achieve for the fund. There is however no certainty or promise that they will achieve the Performance Target. The ACD believes this is an appropriate target for the fund based on the investment policy of the fund and the constituents of the index. The fund will invest at least 70% in equities and equity related securities of companies, incorporated or domiciled in the UK or companies having significant operations and/or exposure to the UK. The fund may also invest in other funds (including those managed by abrdn), money-market instruments and cash.
Default Replacement Fund: abrdn MyFolio Multi-Manager III Fund
Closing Fund TER: 2.28%
Default Replacement Fund TER: 2.05%
Objective of Default Replacement Fund:
To generate growth over the long term (5 years or more) by investing in a diversified range of actively managed funds. The fund will invest at least 60% in actively managed funds, to obtain broad exposure to a range of diversified investments from a range of managers.
Default Replacement Fund: OMR abrdn MyFolio Multi-Manager III Fund
Closing Fund TER: 2.28%
Default Replacement Fund TER: 2.05%
Objective of Default Replacement Fund: To generate growth over the long term (5 years or more) by investing in a diversified range of actively managed funds. The fund will invest at least 60% in actively managed funds, to obtain broad exposure to a range of diversified investments from a range of managers.
Default Replacement Fund: OMR abrdn MyFolio Multi-Manager II Fund
Closing Fund TER: 2.28%
Default Replacement Fund TER: 2.05%
Objective of Default Replacement Fund: To generate growth over the long term (5 years or more) by investing in a diversified range of actively managed funds. The fund will invest at least 60% in actively managed funds, to obtain broad exposure to a range of diversified investments from a range of managers.
Default Replacement Fund: OMR abrdn MyFolio Multi-Manager V Fund
Closing Fund TER: 2.28%
Default Replacement Fund TER: 2.05%
Objective of Default Replacement Fund: To generate growth over the long term (5 years or more) by investing in a diversified range of actively managed funds. The fund will invest at least 60% in actively managed funds, to obtain broad exposure to a range of diversified investments from a range of managers.
Default Replacement Fund: OMR abrdn Asia Pacific Equity Fund
Closing Fund TER: 0.97%
Default Replacement Fund TER: 0.97%
Objective of Default Replacement Fund:
The investment objective of the fund is to generate growth over the long term (5 years or more) by investing in Asia Pacific, excluding Japan equities (company shares). The fund aims to achieve the return of the MSCI AC Asia Pacific ex Japan Index plus 3% per annum over rolling three year periods (before charges). The Performance Target is the level of performance that the management team hopes to achieve for the fund. There is however no certainty or promise that they will achieve the Performance Target.
The fund invests at least 70% in equities and equity related securities of companies listed, incorporated or domiciled in Asia Pacific excluding Japan countries, or companies that derive a significant proportion of their revenues or profits or have a significant proportion of their assets there.The fund may also invest in other funds (including those managed by abrdn), money-market instruments, 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.
Default Replacement Fund: L&G Life Close Sustainable Select Fixed Income Fund
Closing Fund TER: 0.52
Default Replacement Fund TER: 0.52
Objective of Default Replacement Fund: The investment objective of the fund is to generate income while maintaining its capital value over the medium term (i.e. more than 5 years). The Fund also seeks to maintain a weighted average carbon intensity (tonnes of Scope 1 and 2 CO2e per US$m of revenue) below a benchmark of the ICE BofA Global Corporate Index, targeting a level 50% below this benchmark by 2030 from 2019 baseline, and net zero by emissions by 2050.
Default Replacement Fund: L&G Pension Close Sustainable Select Fixed Income Fund
Closing Fund TER: 0.52
Default Replacement Fund TER: 0.52
Objective of Default Replacement Fund:
The investment objective of the fund is to generate income while maintaining its capital value over the medium term (i.e. more than 5 years). The Fund also seeks to maintain a weighted average carbon intensity (tonnes of Scope 1 and 2 CO2e per US$m of revenue) below a benchmark of the ICE BofA Global Corporate Index, targeting a level 50% below this benchmark by 2030 from 2019 baseline, and net zero by emissions by 2050.
Default Replacement Fund: OMR abrdn Sterling Corporate Bond Fund
Closing Fund TER: 0.75%
Default Replacement Fund TER: 0.72%
Objective of Default Replacement Fund: To generate income and some growth over the long term (5 years or more) by investing in Sterling denominated investment grade corporate bonds.
Performance Target: To exceed the IA Sterling Corporate bond Sector Average return (after charges) over 1 year and be top quartile over rolling three year periods. The Performance Target is the level of performance that the management team hopes to achieve for the fund. There is however no certainty or promise that they will achieve the Performance Target.
The ACD believes this is an appropriate target for the fund based on the investment policy of the fund and the constituents of the sector.
Customers will be invested in the new fund from 27/02/2023, however their switches will not process until at least a week following the conversion.
Default Replacement Fund: OMR CT Responsible UK Equity
Closing Fund TER: 1.40%
Default Replacement Fund TER: 1.21%
Objective of Default Replacement Fund: The Fund aims to achieve long-term capital growth with some income. The Fund invests only in assets which meet the Fund’s predefined ethical screening criteria. The Fund invests primarily in equities of UK companies. These are companies in any economic sector and of any market capitalisation that may be listed, quoted or traded in the UK or elsewhere but which are incorporated, domiciled or conduct a significant portion of their business in the UK.
The closing fund will be closed to new business immediately.
