New name: Global Listed Real Assets Fund
New objective:
To achieve its objective, the Fund will invest at least 90% of its value in listed infrastructure securities and listed property-related securities. There will be no geographical restrictions.
The Fund may invest up to 10% of its value in depositary receipts and other assets that provide indirect exposure to listed infrastructure securities and listed property-related securities. The Fund may invest up to 10% of its value in collective investment schemes, which in turn invest in listed infrastructure securities, listed property related securities and/or other assets. The collective investment schemes may be managed or operated by the HSBC Group. To manage day-to-day cash flow requirements, the Fund may also invest in money market instruments, deposits and cash.
The Fund may invest in derivatives for efficient portfolio management purposes, including hedging. This means investment techniques that aim to reduce risks, reduce costs or generate growth and income. On giving 60 days’ notice to Shareholders the Fund may also use derivatives for broader investment purposes to help the Fund meet its objective. The Fund does not intend to use derivatives extensively and their use will be consistent with the risk profile of the Fund.
A number of fund name changes were advised to us by fund managers during 2016. However, these name changes were not updated in our systems at the time. The fund names have now been updated and will be reflected correctly in annual statements.
New fund name: AL Schroder Global Cities Real Estate Fund
A number of fund name changes were advised to us by fund managers during 2016. However, these name changes were not updated in our systems at the time. The fund names have now been updated and will be reflected correctly in annual statements.
New fund name: Schroder Global Cities Real Estate Fund
A number of fund name changes were advised to us by fund managers during 2016. However, these name changes were not updated in our systems at the time. The fund names have now been updated and will be reflected correctly in annual statements.
New fund name: AL Schroder Global Cities Real Estate Fund
A number of fund name changes were advised to us by fund managers during 2021. However, these name changes were not updated in our systems at the time. The fund names have now been updated and will be reflected correctly in annual statements.
New fund name: CT MM Navigator Distribution Fund
A number of fund name changes were advised to us by fund managers during 2021. However, these name changes were not updated in our systems at the time. The fund names have now been updated and will be reflected correctly in annual statements.
New fund name: CT MM Navigator Cautious Fund
A number of fund name changes were advised to us by fund managers during 2021. However, these name changes were not updated in our systems at the time. The fund names have now been updated and will be reflected correctly in annual statements.
New fund name: L&G CT MM Navigator Cautious Fund
New name:
OMR Invesco Japanese Equity Advantage Fund (UK)
New Investment Policy:
The Fund invests at least 80% of its assets in shares or other equity related securities of companies
incorporated, domiciled or carrying out the main part of their economic activity in Japan.
In pursuing the Fund’s investment objective, the fund manager may consider it appropriate to also invest in other transferable securities (including non-Japanese companies), money-market instruments, collective investment schemes (including funds managed by the Invesco group), deposits 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.
New Name: OMR AXA Mgd Income (Grs) Fund
New Objective :
The aim of this Fund is to produce an income return with potential for long-term growth of capital (being a period of five years or more). The Fund invests at least 80% in bonds issued in or hedged back to Sterling by companies and governments which the Manager believes will provide an income return. The Fund may invest in
investment grade bonds (meaning bonds with a rating of at least BBB- by Standard & Poor or equivalent rating by Moody’s or Fitch), or sub-investment grade bonds. The Manager selects bonds based upon analysis of an issuer’s financial status, quality of its management expected profitability and current value relative to other bonds in the market. 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.
L&G will make some changes to the Legal & General UK Property Feeder Fund which are consequential changes in light of changes to the L&G UK Property fund, the ‘Master’ fund of the fund. These changes will be effective from 12 April 2024 and have been approved during an Extraordinary Meeting on 10 April 2024.
L&G will amend the investment policy of the Master Fund to enable it to invest a higher proportion of its assets in global property-related assets, such as real estate investment trusts (“REITs”). This change will allow the Master Fund to amend its current portfolio composition to reduce its direct exposure to UK real estate and to increase its indirect exposure to global real estate through REITs.
By implementing this change to its investment policy, L&G aim to continue to deliver their property strategy to unit holders in a more liquid form and with additional benefits of diversification.
To reflect the fund’s new global perspective, its name will change from the L&G UK Property Feeder to L&G Property Feeder.
The portfolio of the fund will be realigned to the desired new asset allocation. The transition process is expected to take 18-24 months, but it may take longer due to the illiquid nature of the assets and varying market conditions.
