Old Share Class: A Accumulation
New Share Class: C Accumulation
Old TER: 1.26%
New TER: 0.77%
Deafult replacement fund: OMR EAB Property Fund
Default replacement fund objective: The objective of the Fund is to achieve income and capital growth by investing solely in the Legal & General UK Property Fund (the “Master Fund”). While the Fund aims to be 100% invested in the Master Fund, it may hold cash where necessary to enable the making of payments to Unitholders or creditors. 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.
Default replacement fund: L&G Pension UK Property Feeder
Default replacement fund objective: The objective of the Fund is to achieve income and capital growth by investing solely in the Legal & General UK Property Fund (the “Master Fund”). While the Fund aims to be 100% invested in the Master Fund, it may hold cash where necessary to enable the making of payments to Unitholders or creditors.
Default replacement fund: L&G Life UK Property Feeder
Default replacement fund objective: The objective of the Fund is to achieve income and capital growth by investing solely in the Legal & General UK Property Fund (the “Master Fund”). While the Fund aims to be 100% invested in the Master Fund, it may hold cash where necessary to enable the making of payments to Unitholders or creditors.
Default replacement fund: OMR Prof L&G UK Property Feeder
Default replacement fund objective: The objective of the Fund is to achieve income and capital growth by investing solely in the Legal & General UK Property Fund (the “Master Fund”). While the Fund aims to be 100% invested in the Master Fund, it may hold cash where necessary to enable the making of payments to Unitholders or creditors. 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.
Default replacement fund: OMR L&G UK Property Feeder
Default replacement fund objective: The objective of the Fund is to achieve income and capital growth by investing solely in the Legal & General UK Property Fund (the “Master Fund”). While the Fund aims to be 100% invested in the Master Fund, it may hold cash where necessary to enable the making of payments to Unitholders or creditors. 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.
Default Replacement Fund: OMR Allianz UK Listed Opportunities
Closing fund TER: 1.22%
Default Replacement Fund TER: 0.92%
Objective of Default Replacement Fund: The investment objective of the fund is to achieve capital growth, aiming to outperform (net of fees) the Target Benchmark, the FTSE All-Share Index Total Return GBP over a rolling five year period. 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.
Customers will hold the new fund from 30/08/2022, however this may not be reflected on plans immediately.
New objective: The Fund aims to achieve a combination of income and capital growth and to outperform the ICE BofA Q9AX Custom Index, net of charges, over rolling five-year periods. The Fund invests at least 80% of the value of its property in a diversified range of Sterling-denominated (or hedged back to Sterling) investment grade and sub-investment grade debt securities issued by companies, banks, public entities and governments located in developed and emerging markets anywhere in the world. Investment may be direct or indirect (e.g. through collective investment schemes or derivatives). The Fund may hold up to 20% in contingent convertible bonds (CoCos). 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.
Default Replacement Fund: OMR Stewart Investors Global Emerging Markets Leaders
Closing fund TER: 1.02%
Default Replacement Fund TER: 1.2%
The closing fund has been suspended since March 2022. Once the proceeds from the closure have been received from the Fund Manager shortly after the closure date, each customer will receive units in the default replacement fund named above within 4 weeks equivalent to the value owed to each. This will be processed at the prices effective on the closure date.
New name: Liontrust UK Equity
New ACD: Liontrust Fund Partners LLP
