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.
New name:
OMR Quilter Cheviot International Balanced Portfolio
New name:
OMR Quilter Cheviot International Growth Portfolio
New name:
OMR Quilter Cheviot International Equity Portfolio
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. The investment strategies of the funds have not changed. Please see a list of affected funds below:
| Original name | New name |
| OMR abrdn Glb Responsible Equity | OMR abrdn Glb Sust & Resp Inv Equity |
| OMR abrdn UK Property Feed | OMR abrdn UK Real Estate Feeder |
| OMR Aegon Diversified Growth | OMR Aegon Sust Diversified Growth |
| OMR Artemis Capital | OMR Artemis SmartGARP UK Equity |
| OMR Artemis Global Growth | OMR Artemis SmartGARP Global Equity |
| OMR EAB Jupiter Gbl Eq Inc IRL | OMR EAB Jupiter Merian Gbl Eq Inc (IRL) |
| OMR FP Argonaut European Alpha | OMR VT Argonaut European Alpha |
| OMR FTF ClearBridge US Equity | OMR FTF ClearBridge US Value |
| OMR HC Verbatim Prt 5 Gth | OMR WS Verbatim Prt 5 Growth |
| OMR HC Verbatim Prt 5 Inc | OMR WS Verbatim Prt 5 Income |
| OMR IFSL Marlborough UK Mt-Cap Gwth | OMR IFSL Marlborough Multi-Cap Gwth |
| OMR Invesco Japan (UK) | OMR Invesco Resp Jap Eq Val Disc (UK) |
| OMR Jan Hend UK Abs Retn | OMR Janus Henderson Abs Return |
| OMR Jupiter Gbl Emerging Mkts | OMR Jupiter Gbl Emerging Mkts Focus |
| OMR Jupiter Gbl Eq Inc (IRL) | OMR Jupiter Merian Gbl Eq Inc (IRL) |
| OMR Jupiter Gbl Equity Abs Ret | OMR Jupiter Merian Gbl Equity Abs Ret |
| OMR Jupiter Global Equity | OMR Jupiter Merian Global Equity |
| OMR Jupiter North Am Eq (OS) | OMR Jupiter Merian North Am Eq (OS) |
| OMR Jupiter North American Eq | OMR Jupiter Merian North American Eq |
| OMR Jupiter World Equity | OMR Jupiter Merian World Equity |
| OMR M&G Global Select | OMR M&G Global Sustain Paris Aligned |
| OMR Premier Responsible UK Eq | OMR Premier Miton Responsible UK Eq |
| OMR Sarasin GlobalSar Strat | OMR Sarasin Multi Asset Strategic |
| OMR Schroder Core UK Equity | OMR Schroder Sustainable UK Equity |
| OMR Sinfonia Adv Growth Port | OMR VT Sinfonia Adv Growth Port |
| OMR Sinfonia Balanced Managed | OMR VT Sinfonia Balanced Mgd Port |
| OMR Sinfonia Cautious Managed | OMR VT Sinfonia Cautious Mgd Port |
| OMR Sinfonia Income | OMR VT Sinfonia Income Portfolio |
| OMR Sinfonia Income & Growth | OMR VT Sinfonia Income & Growth Port |
New name:
Schroder Income Portfolio
New name: OMR BlackRock US Mid-Cap Value Fund
New objective:
The aim of the Fund is to provide a return on your investment (generated through an increase in the value of the assets held by the Fund, gross of fees) over the long term (5 or more consecutive years beginning at the point of investment) by investing in shares of medium sized companies incorporated or listed in the United States. In seeking to achieve its investment objective, the Fund will invest at least 70% of its total assets in equities (i.e. shares) and equity-related investments (i.e. other investments whose value is related to equities) of medium sized companies incorporated or listed in the United States. Medium sized companies are those whose market capitalisation (market capitalisation is the share price of the company multiplied by the number of shares issued) is similar to that of companies in the Russell Midcap® Value Index at the time of the Fund’s investment. The Investment Manager follows a “value” philosophy in its investment approach. This means that, among other factors, underlying companies are chosen where the Investment Manager considers the shares of such companies to be trading below their intrinsic value and that the chosen companies exhibit value investment characteristics, such as overall business quality, potential for dividend growth and the potential to deliver superior risk-adjusted returns over the long term.
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.
