New Investment Objective:
The Fund aims to provide capital growth in excess of ICE BofA Sterling 3-Month Government Bill index plus 2.5% (after fees have been deducted) over any three to five year period, by investing directly in fixed and floating rate securities issued by governments, government agencies and companies worldwide which the investment manager classifies as sustainable. These are investments that make a positive contribution to the Planet (the environment); and/or People (workforce wellbeing; public and consumer wellbeing; healthy, inclusive and connected communities; and/or effective and accountable institutions). The Fund is actively managed and invests at least 80% of its assets directly, in fixed and floating rate securities denominated in sterling (or in other currencies and hedged back into sterling) (“bonds”) issued by governments, government agencies, supra-national and corporate issuers worldwide, (including emerging markets and less developed markets). The Fund may invest up to 50% of its assets in below investment grade securities as measured by Standard & Poor’s or an equivalent credit rating agency, or in unrated securities. The Fund may invest up to 40% of its assets in asset-backed securities, specifically whole business corporate loans, and covered bonds.
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 JPM Europe Dynamic (ex-UK) Fund
Closing Fund TER: 0.97%
Default Replacement Fund TER: 0.87%
Objective of Default Replacement Fund:
The objective of the Fund is to maximise capital growth over the long-term (5-10 years) by investing at least 80% of the Fund’s assets in European equities (excluding the UK). At least 80% of assets invested in equities of companies that are domiciled, or carrying out the main part of their economic activity, in a European country (excluding the UK). The Fund may have significant positions in specific sectors or markets from time to time.
The Fund may invest in small capitalisation companies.
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 be invested in the new fund from 20/03/2025, but these changes may not be visible until up to 2 weeks following this date.
As part of our responsibility to regularly review the funds available to our customers we’ve decided to close one or more of the funds you’re invested in.
Closing fund objective:
The Fund aims to achieve a high level of income (greater than the income return of the FTSE All Share Index) and capital growth over the long-term (5 years plus). 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 the UK.
Closing fund IMC: 0.92%
Replacement fund: Royal London UK Equity Income M Acc
Replacement fund objective:
The investment objective and policy of the Fund is to achieve a combination of income and some capital growth by investing mainly in UK higher yielding and other equities, as well as convertible stocks. The Fund may hold transferable securities, (including Exchange Traded Funds which are closed ended funds, but not those which are collective investment schemes), government and public securities, deposits and cash (for the purposes of EPM and redemption of units). It may also hold derivatives for the purposes of EPM only
Replacement fund IMC: 0.72%
New Fund Name: OMR Sustainable Ind Developed Asia (ExJap) Eq
New Investment Objective:
The Fund aims to provide a total return (a combination of capital growth and income), delivering an overall return in line with the FTSE Developed Asia Pacific ex Japan Phoenix Climate Aligned Index (the “Index”), before management fees and expenses. The Fund aims to achieve its investment objectives, including the sustainability objective, by investing at least 90% of the portfolio in equities and equity related securities of companies across the Developed Asia Pacific region (excluding Japan) that are constituents of the Index in approximate proportion to their weightings in the Index. The holdings in the Fund therefore aim to replicate the constituents of the Index.
New Fund Name: OMR Sustainable Index North American Equity
New Investment Objective:
The Fund aims to provide a total return (a combination of capital growth and income), delivering an overall return in line with the FTSE North America Phoenix Climate Aligned Index (the “Index”), before management fees and expenses. The Fund aims to achieve its investment objectives, including the sustainability objective, by investing at least 90% of the portfolio in US and Canadian equities and equity related securities of companies that are constituents of the Index in approximate proportion to their weightings in the Index. The holdings in the Fund therefore aim to replicate the constituents of the Index.
New Investment Objective:
The Fund aims to provide a total return (a combination of capital growth and income), delivering an overall return in line with the FTSE Emerging Phoenix Climate Aligned Index (the “Index”), before management fees and expenses. The Fund aims to achieve its investment objectives, including the sustainability objective, by investing at least 90% of the portfolio in equities and equity related securities of companies across Emerging Markets that are constituents of the Index in approximate proportion to their weightings in the Index. The holdings in the Fund therefore aim to replicate the constituents of the Index.
New Investment Objective:
The Fund aims to provide a total return (a combination of capital growth and income), delivering an overall return in line with the FTSE Developed Europe ex UK Phoenix Climate Aligned Index (the “Index”), before management fees and expenses. The Fund aims to achieve its investment objectives, including the sustainability objective, by investing at least 90% of the portfolio in equities and equity related securities of companies across developed markets in Europe that are constituents of the Index in approximate proportion to their weightings in the Index. The holdings in the Fund therefore aim to replicate the constituents of the Index.
New Investment Objective:
The Fund aims to provide a total return (a combination of capital growth and income), delivering an overall return in line with the FTSE Japan Phoenix Climate Aligned Index (the “Index”), before management fees and expenses. The Fund aims to achieve its investment objectives, including the sustainability objective, by investing at least 90% of the portfolio in Japanese equities and equity related securities of companies that are constituents of the Index in approximate proportion to their weightings in the Index. The holdings in the Fund therefore aim to replicate the constituents of the Index.
