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 objective:
The Fund aims to provide income and capital growth by investing in equity and equity related securities of Asia Pacific Companies, excluding Japan but including Australia and New Zealand. The Fund aims to deliver an income of 7% per year but this is not guaranteed and could change depending on market conditions. The Fund is actively managed and invests at least 80% of its assets in equity and equity related securities of Asia Pacific companies, excluding Japan, but including Australia and New Zealand, which are selected for their long – term income and capital growth potential. 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 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.
New Objective:
The Fund aims to provide an income in excess of the income generated by the MSCI All Countries (AC) Asia Pacific ex Japan High Dividend Yield Index over any 5 year period with the potential for capital growth over the long term (5 years or more). The Fund invests at least two-thirds of its assets in a concentrated portfolio of shares (also known as equities) of companies, of any size, including smaller capitalisation companies, in any industry, in the Asia Pacific region (excluding Japan). Companies will be incorporated, headquartered, listed on an exchange in, or deriving significant revenue from, this region. 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 objective:
The OMR Lifestyle Gilt fund aims to provide income and capital growth. Approximately one third of the portfolio will obtain exposure to UK and overseas government bonds and other fixed interest securities with a remaining maturity of at least 15 years. The fund may also invest in other UK and overseas government bonds and fixed interest securities. RLL has appointed a specialist manager to manage the fund, and continuously monitors this appointment. The underlying fund may be denominated in or hold assets in a currency other than Sterling. The performance of the fund may therefore rise and fall as a result of exchange rate…
New objective:
The OMR Lifestyle Gilt fund aims to provide income and capital growth. Approximately one third of the portfolio will obtain exposure to UK and overseas government bonds and other fixed interest securities with a remaining maturity of at least 15 years. The fund may also invest in other UK and overseas government bonds and fixed interest securities. RLL has appointed a specialist manager to manage the fund, and continuously monitors this appointment. The underlying fund may be denominated in or hold assets in a currency other than Sterling. The performance of the fund may therefore rise and fall as a result of exchange rate…
New name: Janus Henderson European Mid and Large Cap Fund
New objective:
The Fund aims to provide capital growth over the long term. The Fund invests at least 80% of its assets in shares (also known as equities) of companies, in any industry, in Europe (excluding UK). Companies will be incorporated, headquartered, listed on an exchange in, or deriving significant revenue from, this region. The Fund may invest in companies of any size, but will normally have a strong bias towards medium sized companies with the potential to grow into large sized companies.
New name: Janus Henderson European Mid and Large Cap Fund
New objective:
The Fund aims to provide capital growth over the long term. The Fund invests at least 80% of its assets in shares (also known as equities) of companies, in any industry, in Europe (excluding UK). Companies will be incorporated, headquartered, listed on an exchange in, or deriving significant revenue from, this region. The Fund may invest in companies of any size, but will normally have a strong bias towards medium sized companies with the potential to grow into large sized companies.
New Name: Artemis European Select Fund
New objective:
The fund aims to grow capital over a five year period. The fund invests 80%-100% in company shares and 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. The fund may use derivatives for investment purpose to achieve the fund objective, including by taking long and short positions, to produce additional income or growth and for efficient portfolio management purposes to reduce risk and manage the fund efficiently. The fund invests at least 80% in Europe (excluding the United Kingdom) and up to 20% in other countries.
