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 350 ex IT 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 large or midcap equities and equity related securities of companies in the UK market 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 name: AL Premier Miton Tellworth UK Smaller Companies Fund
New ACD: Premier Portfolio Managers Limited
New name: Premier Miton Tellworth UK Smaller Companies Fund
New ACD: Premier Portfolio Managers Limited
Old TER: 1.39%
New TER: 1.28%
Old TER: 1.41%
New TER: 1.26%
Old TER: 1.24%
New TER: 1.18%
Old TER: 1.29%
New TER: 1.24%
Old TER: 1.29%
New TER: 1.24%
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.
