Default Replacement Fund: OMR Jupiter Corporate Bond Fund
Closing Fund TER: 0.77%
Default Replacement Fund TER: 0.77%
Objective of Default Replacement Fund: The objective of the Fund is to provide income with the prospect of capital growth, in order to achieve a return, net of fees, higher than the ICE BofA Sterling Non-Gilt Index over the long term (at least five years). The Fund will aim to achieve its investment objective by investing at least 70% of the Fund in fixed interest securities, as well as convertible bonds and preference shares, issued by companies based anywhere in the world and denominated in sterling or hedged back to sterling. 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 Sustainability Fund
Closing Fund TER: 1.47%
Default Replacement Fund TER: 1.47%
Objective of Default Replacement Fund: The Fund aims to achieve capital growth over the long-term (at least 5 years). The Fund invests in a diversified portfolio of equity or equity-related securities of companies that are incorporated or listed, or where a majority of their economic activities take place in Emerging Markets and which are listed, traded or dealt in on Regulated Markets worldwide. The Fund invests in quality companies which are positioned to contribute to, and benefit from, sustainable development. The Fund may invest up to 10% in other funds. The Fund will only use derivatives to reduce risk or to manage the Fund more efficiently in limited cases. The Fund is actively managed meaning that the Manager uses its expertise to pick investments rather than tracking the performance of a benchmark. The Fund’s performance is compared against the value of the MSCI Emerging Markets 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 closing fund will be closed to purchases and redemptions with effect from 07/07/2023.
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.
