We have taken the decision to close the suspended OMR Aviva European Property fund. Customers have been switched into the OMR Deposit fund with a transaction date of 22 September 2021.
Customers will receive switch notices confirming this transaction shortly after its effective date.
New Fund Name: OMR Liontrust Global Innovation
New fund name:
OMR Jupiter Emerging Market Debt Income
New TER: 1.29%
New objective:
The underlying fund seeks to achieve total return through investment in a well-diversified portfolio of fixed and variable rate debt securities issued in the Emerging Markets worldwide.
We have taken the decision to close the suspended OMR EF FACET Cautious Discretionary Portfolio fund. Customers have been switched into the OMR Deposit fund with a transaction date of 22 September 2021.
Customers will receive switch notices confirming this transaction shortly after its effective date.
We have taken the decision to close the suspended OMR Elite Hasley Diversified Portfolio fund. Customers have been switched into the OMR Deposit fund with a transaction date of 22 September 2021.
Customers will receive switch notices confirming this transaction shortly after its effective date.
JPMorgan Life Limited will be closing each of its life funds by Friday 15 October 2021 and will then wind-up the company itself.
Fund change
The Investment Management Charges (IMC) on the replacement funds are all lower than what you were previously paying. This means you will be paying a lower charge in the future.
Closing fund objective:
The fund aims to achieve excess return through fund selection, as well as regional and country allocation. The fund will have a bias towards the UK. The fund may invest in funds which use derivatives for investment purposes. It may also use derivatives for efficient portfolio management or reduction of investment risk. The fund is well diversified, and under normal circumstances is fully invested, with cash holdings kept to a minimum.
Closing fund IMC: 0.30%
Replacement fund: BNY Mellon Global Equity GBP Inc
Replacement fund objective:
The Sub-Fund aims to achieve capital growth over the long term (5 years or more). The Sub-Fund is actively managed and invests at least 75% in global equities (company shares), including ordinary shares, preference shares and other equity-related securities. The Sub-Fund may also invest in collective investment schemes (including but not limited to another Sub-Fund or Sub-Funds of the Company or other BNY Mellon funds), money market instruments, deposits, cash and near cash.
Replacement fund IMC: 0.30%
JPMorgan Life Limited will be closing each of its life funds by Friday 15 October 2021 and will then wind-up the company itself.
Fund change
The Investment Management Charges (IMC) on the replacement funds are all lower than what you were previously paying. This means you will be paying a lower charge in the future.
Closing fund objective:
The JPMorgan Life Moderate Fund (the “Fund”) is a pooled life fund for pension schemes investing primarily in global equities and bonds, normally through other JPM Life funds. The Fund may also hold derivatives. The Fund seeks to achieve excess return through fund selection, country allocation, asset allocation, and currency exposure. The Fund is well diversified and under normal circumstances, is fully invested, with cash holdings kept to a minimum.
Closing fund IMC: 0.30%
Replacement fund: Man Balanced Managed Retail Acc A
Replacement fund objective:
The investment objective of the Fund is to provide capital growth over the long term (over 5 year rolling periods). In order to achieve the Fund’s objective, the Fund invests at least 70% of its assets in other investment funds which are operated, managed or advised by the ACD or any of its associates.
Replacement fund IMC: 0.30%
JPMorgan Life Limited will be closing each of its life funds by Friday 15 October 2021 and will then wind-up the company itself.
Fund changes
The Annual Management Charge (AMC) is included in the total charge you pay, so there will be no change to the charges you pay.
Closing fund objective:
The JPMorgan Life US Equity Fund (the ‘Fund’) is a pooled life fund for pension schemes investing primarily in US equities, either directly or through other funds. The Fund seeks to achieve excess return through stock selection. Normally the Fund only invests in equities issued by companies that are listed, and primarily traded, in the USA. The Fund is well diversified and under normal circumstances, is fully invested, with cash holdings kept to a minimum. Target excess return over a full market cycle: 35 years: 2% per annum (gross of fees). Target tracking error: Long-term average of 3%-6%.
Replacement fund: North American Equity Index Tracker
Replacement fund objective:
This fund primarily invests in a portfolio of European equities, excluding the UK, and aims to provide long-term capital growth. Volatility should be expected because of the type of investment.
JPMorgan Life Limited will be closing each of its life funds by Friday 15 October 2021 and will then wind-up the company itself.
Fund change
The Annual Management Charge (AMC) is included in the total charge you pay, so there will be no change to the charges you pay.
Closing fund objective:
The JPMorgan Life All Emerging Markets Equity Fund (the ‘Fund’) is a pooled life fund for pension schemes investing primarily in emerging markets equities and may have exposure to smaller companies on an ancillary basis, either directly or through other funds. The Fund is well diversified and under normal circumstances, is fully invested, with cash holdings kept to a minimum. Normally the Fund only invests in the JPM Emerging Markets Fund, a UK authorised open-ended investment company. Target excess return over 3 years: 3% per annum (gross of fees). Target tracking error: Long-term average of 4%+.
Replacement fund: JPM Emerging Markets Fund
Replacement fund objective:
To provide long term capital growth by investing primarily in equity securities of emerging markets companies.
JPMorgan Life Limited will be closing each of its life funds by Friday 15 October 2021 and will then wind-up the company itself.
Fund change
The Annual Management Charge (AMC) is included in the total charge you pay, so there will be no change to the charges you pay.
Closing fund objective:
The JPM Life UK Specialist Equity fund aims to achieve capital growth by investing in the shares of UK companies. Its target is to outperform index that represents UK companies on the London Stock Exchange by 2% a year over 3 years before fees are taken into account. The fund looks to spread investment risk by investing in a wide range of UK companies in different sectors of the market. The investment team focuses on stocks that have specific growth value characteristics as experience has shown that holding both growth and value stocks in a portfolio can lead to more consistent out performance over the longer term.
Replacement fund: JPMorgan Fund ICVC – JPM Equity Core Fund
Replacement fund objective:
To provide capital growth and outperform the FTSE™ All-Share Index (Net)over the long-term, after fees, by investing at least 80% of the Fund’s assets in a portfolio of UK companies
