New Fund Name: abrdn Real Estate Feeder
New Objective: To generate income and some growth over the
long term (5 years or more) by investing in property
and property related investments. It is intended that
the fund will be a PAIF at all times and, as such, its
investment objective is to carry on property
investment business and to manage cash raised
for investment in the property investment business.
Performance Target: To achieve a return in excess
of the following composite index over rolling five
year periods (after charges). 45% MSCI UK
Monthly Property Index; 45% FTSE EPRA Nareit
Developed Net Total Return Index and 10%
SONIA.
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 sub-fund based on the investment policy of the
fund and the constituents of the composite index.
New Fund Name: OMR abrdn Real Estate Feeder
New Objective: To generate income and some growth over the
long term (5 years or more) by investing in property
and property related investments. It is intended that
the fund will be a PAIF at all times and, as such, its
investment objective is to carry on property
investment business and to manage cash raised
for investment in the property investment business.
Performance Target: To achieve a return in excess
of the following composite index over rolling five
year periods (after charges). 45% MSCI UK
Monthly Property Index; 45% FTSE EPRA Nareit
Developed Net Total Return Index and 10%
SONIA.
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 sub-fund based on the investment policy of the
fund and the constituents of the composite 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.
New Fund Name: AL abrdn Real Estate Feeder
New Objective: To generate income and some growth over the
long term (5 years or more) by investing in property
and property related investments. It is intended that
the fund will be a PAIF at all times and, as such, its
investment objective is to carry on property
investment business and to manage cash raised
for investment in the property investment business.
Performance Target: To achieve a return in excess
of the following composite index over rolling five
year periods (after charges). 45% MSCI UK
Monthly Property Index; 45% FTSE EPRA Nareit
Developed Net Total Return Index and 10%
SONIA.
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 sub-fund based on the investment policy of the
fund and the constituents of the composite index.
New Fund Name: abrdn Real Estate Feeder
New Objective: To generate income and some growth over the
long term (5 years or more) by investing in property
and property related investments. It is intended that
the fund will be a PAIF at all times and, as such, its
investment objective is to carry on property
investment business and to manage cash raised
for investment in the property investment business.
Performance Target: To achieve a return in excess
of the following composite index over rolling five
year periods (after charges). 45% MSCI UK
Monthly Property Index; 45% FTSE EPRA Nareit
Developed Net Total Return Index and 10%
SONIA.
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 sub-fund based on the investment policy of the
fund and the constituents of the composite index.
New Fund Name: OMR Aviva Multi-Asset Income (SDB) Fund
Old TER: 0.65%
New TER: 0.57%
Please note the Income Distribution Pay dates will be changing from quarterly to monthly, where income is to be paid on or before the 14th of each month.
New Investment Objective: The Fund aims to deliver an income return in excess of the Index over any given 3-year period and provide an average annual net return greater than the Index over rolling 5-year periods. This should result in the growth of your investment over the long term.
The Index is a composite index comprising 30% MSCI AC World Index, 20% Bloomberg Global High Yield Total Return Value Index and 50% Bloomberg Global Aggregate Corporate Total Return Index (Hedged GBP).
The Fund will invest at least 60% in bonds issued by companies, governments or supranational organisations globally (including in emerging markets). The Fund may invest in both investment grade and non-investment grade (high yield) bonds, with “investment grade” taken to mean bonds which have been independently rated with a credit rating of BBB-/Baa3 or above. The Fund will also invest in the shares of companies in both developed and emerging market countries. The Fund may invest in core investments directly or indirectly via either other funds (including funds managed by Aviva Investors companies) or through the use of derivatives.
The Fund is actively managed, which means the Investment Manager selects which investments to buy or sell, and when. 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.
Updated effective date: The effective date for the changes from the fund manager is now 24th September 2024.
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 depository 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.
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.
In March 2023 we were advised by L&G of minor changes to the objectives of the underlying assets held by the below funds. Unfortunately during the process of updating our systems an error was made and an incorrect objective was updated. We have now corrected the objective and that will be reflected in the fund factsheet and annual statements.
The objective of the fund is to invest in the L&G Future World Sustainable UK Equity Focus Fund. The underlying fund aims to outperform the FTSE All-Share Index GBP (the benchmark) after the deduction of all fees and charges.
The fund is permitted to hold a maximum of 0.5% of its exposure to net cash (including LGIM Liquidity Funds and accruals) and a minimum of 99.5% to the L&G Future World Sustainable UK Equity Focus Fund.
In March 2023 we were advised by L&G of minor changes to the objectives of the underlying assets held by the below funds. Unfortunately during the process of updating our systems an error was made and an incorrect objective was updated. We have now corrected the objective and that will be reflected in the fund factsheet and annual statements.
The objective of the fund is to invest in the Legal & General Active Global High Yield Bond fund. The underlying fund aims to outperform the ICE BofA BB-B Global High Yield Non-Financial 2% Constrained Total Return Index (the benchmark) after the deduction of all fees and charges. The fund is permitted to hold a maximum of 0.5% of its exposure to net cash (including LGIM Liquidity Funds and accruals) and a minimum of 99.5% to the L&G Active Global High Yield Bond Fund.
In March 2023 we were advised by L&G of minor changes to the objectives of the underlying assets held by the below funds. Unfortunately during the process of updating our systems an error was made and an incorrect objective was updated. We have now corrected the objective and that will be reflected in the fund factsheet and annual statements.
The objective of the fund is to invest in the Legal & General Future World Sustainable UK Equity Fund. The underlying fund aims to outperform the FTSE All-Share Index GBP (the benchmark) after the deduction of all fees and charges.
The fund is permitted to hold a maximum of 0.5% of its exposure to net cash (including LGIM Liquidity Funds and accruals) and a minimum of 99.5% to the Legal & General Future World Sustainable UK Equity Fund.
