Revised Investment Objective:
The aim of the Fund is to increase the value of an investment over a minimum of 5 years. The Fund will do this through a combination of capital growth, which is profit on investments held, and
income, which is money paid out of investments, such as interest from bonds and dividends from
shares. This will be achieved whilst aiming to maintain a risk rating classification of ‘3’.
The Fund’s risk rating is confirmed by an independent external agency who operate a
range from ‘1’ which is classified as the lowest risk to ’10’ which is classified as the highest risk.
The Fund is managed to operate within the limits of the risk rating, which may limit the potential for capital growth and income.
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.
Revised Investment Objective:
The aim of the Fund is to increase the value of an investment over a minimum of 5 years. The Fund will do this through a combination of capital growth, which is profit on investments held, and
income, which is money paid out of investments, such as interest from bonds and dividends from
shares. This will be achieved whilst aiming to maintain a risk rating classification of ‘3’.
The Fund’s risk rating is confirmed by an independent external agency who operate a
range from ‘1’ which is classified as the lowest risk to ’10’ which is classified as the highest risk.
The Fund is managed to operate within the limits of the risk rating, which may limit the potential for capital growth and income.
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.
Revised Investment Objective:
The aim of the Fund is to increase the value of an investment over a minimum of 5 years. The Fund will do this through a combination of capital growth, which is profit on investments held, and
income, which is money paid out of investments, such as interest from bonds and dividends from
shares. This will be achieved whilst aiming to maintain a risk rating classification of ‘3’.
The Fund’s risk rating is confirmed by an independent external agency who operate a
range from ‘1’ which is classified as the lowest risk to ’10’ which is classified as the highest risk.
The Fund is managed to operate within the limits of the risk rating, which may limit the potential for capital growth and income.
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.
Revised Investment Objective:
The aim of the Fund is to increase the value of an investment over a minimum of 5 years. The Fund will do this through a combination of capital growth, which is profit on investments held, and
income, which is money paid out of investments, such as interest from bonds and dividends from
shares. This will be achieved whilst aiming to maintain a risk rating classification of ‘3’.
The Fund’s risk rating is confirmed by an independent external agency who operate a
range from ‘1’ which is classified as the lowest risk to ’10’ which is classified as the highest risk.
The Fund is managed to operate within the limits of the risk rating, which may limit the potential for capital growth and income.
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.
Revised Investment Objective:
The aim of the Fund is to increase the value of an investment over a minimum of 5 years. The Fund will do this through a combination of capital growth, which is profit on investments held, and
income, which is money paid out of investments, such as interest from bonds and dividends from
shares. This will be achieved whilst aiming to maintain a risk rating classification of ‘3’.
The Fund’s risk rating is confirmed by an independent external agency who operate a
range from ‘1’ which is classified as the lowest risk to ’10’ which is classified as the highest risk.
The Fund is managed to operate within the limits of the risk rating, which may limit the potential for capital growth and income.
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.
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.
Allianz Global Investors are changing the investment policy of Allianz Gilt Yield Fund to allow it to invest in bonds issued by government owned and / or government sponsored entities. Such investment will be included in the maximum 20% of the Fund which may be invested in non-UK Government bonds. The Fund’s minimum 80% investment in gilts (UK Government bonds) will remain unchanged. By implementing this change to investment policy Allianz will enlarge the investment universe for the Fund and potentially enhance returns, with no additional credit risk – given that any investment in such bonds is subject to the same minimum rating requirements as non-UK government bonds stated in the Fund’s investment policy (i.e. “a rating the same or higher than bonds issued by the United Kingdom Government”).
Allianz Global Investors are changing the investment policy of Allianz Gilt Yield Fund to allow it to invest in bonds issued by government owned and / or government sponsored entities. Such investment will be included in the maximum 20% of the Fund which may be invested in non-UK Government bonds. The Fund’s minimum 80% investment in gilts (UK Government bonds) will remain unchanged. By implementing this change to investment policy Allianz will enlarge the investment universe for the Fund and potentially enhance returns, with no additional credit risk – given that any investment in such bonds is subject to the same minimum rating requirements as non-UK government bonds stated in the Fund’s investment policy (i.e. “a rating the same or higher than bonds issued by the United Kingdom Government”).
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.
