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.
Default Replacement Fund: AXA Framlington Global Thematics Fund
Closing Fund TER: 1.55%
Default Replacement Fund TER: 1.56%
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.
On 4th December 2024 we were informed by Artemis Fund Managers Limited that the Artemis European Select Fund would be merged with the Artemis SmartGARP European Equity Fund on 10th January 2025. As a result there will be a change to the fund customers currently hold.
Default replacement fund: Artemis SmartGARP European Equity Fund
Closing Fund IMC: 0.84%
Default Replacement Fund IMC: 0.86%
Objective of Default Replacement Fund: To grow capital over a five year period. The Fund invests 80% to 100% in company shares. Up to 20% in bonds, cash and near cash, other transferable
securities, other funds (up to 10%) managed by Artemis and third party funds, money market instruments, and derivatives. At least 80% in Europe (excluding the United Kingdom). Up to 20% in other countries.
On the 16th September 2024 we were informed by AXA that the AXA Framlington Monthly Income Fund would be merged with the AXA Framlington UK Equity Income Fund on the 20th September 2024. As a result there will be a change to the fund customers currently hold.
Default Replacement Fund: AXA Framlington UK Equity Income Fund
Closing Fund TER: 1.65%
Default Replacement Fund TER: 1.60%
Objective of Default Replacement Fund: The aim of this Fund is to produce higher than average income with long-term growth of income and capital over a period of 5 years or more. The fund manager also intends to achieve a yield of distributable income in excess of 100% of the FTSE All Share yield at the Fund’s year end on a rolling 3 year basis, and in excess of 90% on an annual basis. Customers will be invested in the new fund from 20/09/2024, but these changes may not be visible until up to 2 weeks following this date.
On the 16th September 2024 we were informed by AXA that the AXA Framlington Monthly Income Fund would be merged with the AXA Framlington UK Equity Income Fund on the 20th September 2024. As a result there will be a change to the fund customers currently hold.
Default Replacement Fund: OMR AXA Framlington UK Equity Income Fund
Closing Fund TER: 1.2%
Default Replacement Fund TER: 1.15%
Objective of Default Replacement Fund: The aim of this Fund is to produce higher than average income with long-term growth of income and capital over a period of 5 years or more. The fund manager also intends to achieve a yield of distributable income in excess of 100% of the FTSE All Share yield at the Fund’s year end on a rolling 3 year basis, and in excess of 90% on an annual basis.
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 20/09/2024, but these changes may not be visible until up to 2 weeks following this date.
