New objective: The Fund aims to achieve a combination of income and capital growth and to outperform the ICE BofA Sterling Non-Gilt Index, net of charges, over rolling five-year periods. The Fund invests at least 80% of the value of its property in Sterling-denominated (or hedged back to Sterling) investment grade debt securities issued by companies located anywhere in the world. 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 Liontrust UK Smaller Companies
Closing fund TER: 1.19%
Default Replacement Fund TER: 1.2%
New fund: OMR QI Sterling Corporate Bond Fund
TER of new fund: 0.97%
Customers will hold the new fund from 1st August, however this may not be relfected on plans immediately.
To allow this event to take place, the merging fund is currently suspended.
New Fund Name: OMR Aegon UK Sustainable Opportunities
New Fund Name: LGIM Future World Inflation Sensitive Annuity Aware Fund
Default Replacement Fund: OMR Rathbone Global Opportunities
Closing Fund TER: 1.46%
Default Replacement fund TER: 1.06%
The closing fund will be suspended from 2 August 2022.
Default Replacement Fund: OMR Artemis UK Select (ex-M&G)
Closing Fund TER: 0.95%
Default Replacement fund TER: 0.95%
The closing fund will be suspended from 26 September 2022.
Default Replacement Fund: OMR Stewart Investors Global Emerging Markets Leaders
Closing Fund TER: 1.59%
Default Replacement fund TER: 1.20%
The closing fund is already suspended, customers will be switched into the continuing fund from up to four weeks following the closure date.
Default Replacement Fund: OMR Jupiter Global Equity Absolute Return
Closing Fund TER: 1.05%
Default Replacement fund TER: 1.1%
New Investment Objective: The aim of this Fund is to provide long-term capital growth over a period of 5 years or more. The Fund invests in shares of listed companies which the Manager believes will provide above-average returns. The Fund invests in companies of any size and based anywhere in the world (including emerging markets). The Manager seeks to reduce the impact on the Fund of fluctuations in value of equity markets by investing in bonds issued by developed market governments. The Fund’s typical asset mix ranges between 60 – 85% of its Net Asset Value in shares, with the remainder being mainly in bonds and cash.
The Manager invests in issuers of shares of listed companies which it believes have leading or improving environmental, social and governance (ESG) practices. These companies will either demonstrate leadership on sustainability issues (such as promoting better social outcomes, increasing the amount of renewable energy and using the planet’s resources more sustainably and increased digitalisation) through strong ESG practices (“leaders”) or will have shown a clear commitment to improve their ESG practices (“companies in transition”). The majority of the Fund’s equity investments (50% or more) will be in “leaders”. The Manager will actively engage on sustainability issues with a particular focus on “companies in transition”. When selecting shares, the Manager will also analyse a company’s financial status, quality of its management, expected profitability and prospects for growth.
Use may be made of borrowing, cash holdings, hedging and other investment techniques permitted in the applicable Financial Conduct Authority rules. The IA Mixed Investment 40-85% Shares Sector may be used by investors to compare the Fund’s performance. 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.
