Default Replacement Fund: OMR Artemis UK Smaller Companies Fund
Closing Fund TER: 1.25%
Default Replacement Fund TER: 1.19%
Objective of Default Replacement Fund:
The fund aims to grow capital over a five year period. The fund invests 80% to 100% in shares of smaller companies and up to 20% in bonds,cash and near cash, other transferable securities, other funds (up to 10%) managed by Artemis and third party funds, money market instruments and derivatives. The fund may use derivatives for efficient portfolio management purposes. The fund invests in any industry within the United Kingdom, including companies in other countries that are headquartered or have a significant part of their activities in the United Kingdom. The manager adopts a long-term investment approach and seeks to mostly invest in companies with predictable and/or growing cashflow streams which require little additional capital to sustain.
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 06/03/2025, but these changes may not be visible until up to 2 weeks following this date.
New Fund Name: Artemis UK Smaller Companies Fund
Closing Fund TER: 0.88%
Default Replacement Fund TER: 1.19%
New Fund Objective:
The fund aims to grow capital over a five year period. The fund invests 80% to 100% in shares of smaller companies and up to 20% in bonds,cash and near cash, other transferable securities, other funds (up to 10%) managed by Artemis and third party funds, money market instruments and derivatives. The fund may use derivatives for efficient portfolio management purposes. The fund invests in any industry within the United Kingdom, including companies in other countries that are headquartered or have a significant part of their activities in the United Kingdom. The manager adopts a long-term investment approach and seeks to mostly invest in companies with predictable and/or growing cashflow streams which require little additional capital to sustain.
Customers will be invested in the new fund from 06/03/2025, but these changes may not be visible until up to 2 weeks following this date.
Default Replacement Fund: OMR QI Asia Pacific (ex Japan) Large-Cap Equity Fund
Closing Fund TER: 1.02%
Default Replacement Fund TER: 1.34%
Objective of Default Replacement Fund:
The Fund aims to achieve capital growth and to outperform the MSCI All Countries Asia Pacific ex Japan Index, net of charges, over rolling five year periods. The Fund invests at least 80% of the value of its property in shares of companies that are listed, located or have a significant portion of their business in developed and emerging markets in Asia and Australasia, excluding Japan. Investment may be direct or indirect. A minimum of 60% of assets will be invested in large-cap companies, while the remainder may be invested in companies of any size, including smaller companies. The fund may at times be concentrated in the number of investments it holds (less than 50 holdings). The fund may use derivatives with the aim of reducing the overall costs and/or risks of the fund and/or generating additional income or growth.
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 13/03/2025, but these changes may not be visible until up to 2 weeks following this date.
New Fund Name: OMR abrdn Global Sustainable Equity Fund
New Investment Objective:
To generate growth over the long term (5 years or more) by investing in global equities (company shares) that manage adverse environmental impacts and promote societal welfare in one or more of the four thematic areas of – climate change, the environment, labour management, and human rights & stakeholders, through their business operations OR their products and services. The Fund aims to achieve a return in excess of the MSCI AC World Index over rolling five-year periods (after charges). The fund will invest at least 70% in equities and equity related securities of companies listed on global stock exchanges that align with the sustainability objective. The fund may invest up to 20% in companies that do not align with the sustainability objective provided they do not conflict with the sustainability objective, meaning (i) they pass the exclusionary screening criteria, and (ii) their business operations, as assessed by the abrdn Operational Sustainability Score meet the minimum threshold of 40 out of 100. These companies are held with the aim of supporting portfolio diversification and financial return.
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 Fund Name: OMR abrdn UK Sustainable Equity Fund
New Investment Objective:
To generate growth over the long term (5 years or more) by investing in UK equities (company shares) that manage adverse environmental impacts and promote societal welfare in one or more of the four thematic areas of – climate change, the environment, labour management, and human rights & stakeholders, through their business operations OR their products and services. The Fund aims to achieve a return in excess of the FTSE All-Share Index over rolling five-year periods (after charges). The fund will invest at least 70% in equities and equity related securities of companies incorporated or domiciled in the UK or companies having significant operations and/or exposure to the UK. The fund may also invest up to 20% in non UK listed companies. At least 70% of the fund’s investments in equities and equity related securities in UK and non-UK listed companies will align with the sustainability objective. The fund may invest up to 20% in companies that do not align with the sustainability objective provided they do not conflict with the sustainability objective, meaning (i) they pass the exclusionary screening criteria, and (ii) their business operations, as assessed by the abrdn Operational Sustainability Score meet the minimum threshold of 40 out of 100. These companies are held with the aim of supporting portfolio diversification and financial return.
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 Fund Name: OMR Janus Henderson Emerging Markets Asia Fund
New Investment Objective:
The Fund aims to provide capital growth over the long term by outperforming the MSCI Emerging Markets Asia Index by at least 2% per annum, before the deduction of charges, over any 5 year period. The Fund invests at least 80% of its assets in a portfolio of shares (also known as equities) of companies, of any size, in any industry, in Asian emerging markets. Companies will have their registered office or do most of their business (directly or through subsidiaries) in Asian emerging markets. ‘Asian Emerging Markets’ are countries in the MSCI Emerging Markets Asia Index, or which are, in the Investment Manager’s opinion, an emerging market country. The Fund may also invest in other assets including Collective Investment Schemes (including those managed by Janus Henderson) and cash. The Investment Manager may use derivatives (complex financial instruments), including Total Return Swaps, to reduce risk or to manage the Fund more efficiently.
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 BNY Mellon UK Equity Fund
Closing Fund TER: 1.16%
Default Replacement Fund TER: 0.87%
Objective of Default Replacement Fund:
The Fund aims to achieve capital growth and income over the long term (5 years or more). The Fund is actively managed and invests at least 70% of the portfolio in UK equities (company shares), including ordinary shares, preference shares and other equity-related securities. UK companies are defined as those that are either domiciled, incorporated or which have significant business in the UK.
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 24/02/2025, but these changes may not be visible until up to 2 weeks following this date.
New Fund Name: OMR AXA (Staff) Global Sustainable Managed Fund
New Investment Objective:
The aim of this Fund is to:
(i) provide long-term capital growth over a period of 5 years or more.
(ii) contribute to the global transition to net zero by investing in shares in companies which demonstrate a clear and credible commitment to achieving net zero carbon emissions by 2050 or are decreasing their carbon emissions intensity to achieve net zero emissions by 2050.
The fund invests: between 70 – 85% of its Net Asset Value in shares of listed companies of any size and based anywhere in the world (including emerging markets), which the Manager believes will provide above-average returns, relative to their industry peers and at least 70% of its Gross Asset Value in companies which are categorised by the Manager as either Committed to Align, Aligning or Aligned to a net zero carbon economy; and between 15 – 30% of its Net Asset Value in bonds issued by developed markets, governments 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.
New Investment Objective:
The aim of this Fund is to:
(i) provide long-term capital growth over a period of 5 years or more.
(ii) contribute to the global transition to net zero by investing in shares in companies which demonstrate a clear and credible commitment to achieving net zero carbon emissions by 2050 or are decreasing their carbon emissions intensity to achieve net zero emissions by 2050.
The fund invests: between 70 – 85% of its Net Asset Value in shares of listed companies of any size and based anywhere in the world (including emerging markets), which the Manager believes will provide above-average returns, relative to their industry peers and at least 70% of its Gross Asset Value in companies which are categorised by the Manager as either Committed to Align, Aligning or Aligned to a net zero carbon economy; and between 15 – 30% of its Net Asset Value in bonds issued by developed markets, governments 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.
Default Replacement Fund: OMR AXA Framlington Global Thematics Fund
Closing Fund TER: 1.19%
Default Replacement Fund TER: 1.18%
Objective of Default Replacement Fund:
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 are based anywhere in the world (including countries which the Manager considers to be emerging markets) and which the Manager believes will provide above-average returns. The Fund invests principally (meaning at least 80% of its assets) in large and medium-sized companies. The Manager selects shares based upon analysis of a company’s financial status, quality of its management, expected profitability and prospects for growth taking into account the company’s exposure to long-term themes influencing the global economy. The Manager has full discretion to select investments for the Fund in line with the above investment policy and in doing so may take into consideration the MSCI All Country World index.
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.
The merging fund will be suspended from 23/01/2025. Customers will be invested in the new fund from 24/01/2025, however their switches will not process until at least a week following the conversion.
