Default Replacement Fund: OMR Invesco UK Opps (UK)
Closing Fund TER: 0.77%
Default Replacement Fund TER: 1.20%
Objective of Default Replacement Fund: To achieve long-term (5 years) capital growth.
Focuses on investing in UK equity based on stock selection driven by fund manager’s assessment of valuation. Not constrained by a benchmark and has a flexible approach with no bias to sector or company size. Aims to invest 80% of assets in shares of companies incorporated, domiciled, or carrying out the main part of their economic activity in the UK. May be exposed to derivatives for efficient portfolio management, mainly reducing risk, costs and/or generating additional capital or income. 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 29/10/2024, but these changes may not be visible until up to 2 weeks following this date.
Default Replacement Fund: OMR NinetyOne Diversified Income Fund
Closing Fund TER: 1.80%
Default Replacement Fund TER: 0.94%
Objective of Default Replacement Fund:
The Fund aims to provide income with the opportunity for capital growth over at least 5 years. The Fund seeks to limit volatility to lower than 50% of that of shares of UK companies (measured using the FTSE All Share Index).
The Fund aims to invest in a broad range of assets globally including bonds, equity, listed property securities, and other alternative assets. These investments will either be done directly or indirectly. The fund can also invest in money market instruments, cash or near cash, deposits, and derivatives. Up to 10% of the funds’ assets can he held in units or shares in other funds.
Investment opportunities are identified using in-depth analysis and research on induvial companies and countries.
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 18/10/2024, but these changes may not be visible until up to 2 weeks following this date.
New Objective: This Sub-Fund seeks to deliver returns on a rolling 3 year basis after fees.
The Sub-fund aims to deliver positive returns before fees within a range of cash (SONIA (30-day compounded)) on a rolling 3 year basis and cash (SONIA (30-day compounded)) + 4% per annum on a rolling 5 year basis (meaning a period of three years or five years respectively, no matter which day you starts on).
However, positive returns are not guaranteed and a capital loss may occur.
New Objective: This Sub-Fund seeks to deliver returns on a rolling 3 year basis after fees.
The Sub-fund aims to deliver positive returns before fees within a range of cash (SONIA (30-day compounded)) on a rolling 3 year basis and cash (SONIA (30-day compounded)) + 4% per annum on a rolling 5 year basis (meaning a period of three years or five years respectively, no matter which day you starts on).
However, positive returns are not guaranteed and a capital loss may occur.
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: abrdn Real Estate Feeder
New Objective: To generate income and some growth over the
long term (5 years or more) by investing in property
and property related investments. It is intended that
the fund will be a PAIF at all times and, as such, its
investment objective is to carry on property
investment business and to manage cash raised
for investment in the property investment business.
Performance Target: To achieve a return in excess
of the following composite index over rolling five
year periods (after charges). 45% MSCI UK
Monthly Property Index; 45% FTSE EPRA Nareit
Developed Net Total Return Index and 10%
SONIA.
The Performance Target is the level of
performance that the management team hopes to
achieve for the fund. There is however no certainty
or promise that they will achieve the Performance
Target.
The ACD believes this is an appropriate target for
the sub-fund based on the investment policy of the
fund and the constituents of the composite index.
New Fund Name: OMR abrdn Real Estate Feeder
New Objective: To generate income and some growth over the
long term (5 years or more) by investing in property
and property related investments. It is intended that
the fund will be a PAIF at all times and, as such, its
investment objective is to carry on property
investment business and to manage cash raised
for investment in the property investment business.
Performance Target: To achieve a return in excess
of the following composite index over rolling five
year periods (after charges). 45% MSCI UK
Monthly Property Index; 45% FTSE EPRA Nareit
Developed Net Total Return Index and 10%
SONIA.
The Performance Target is the level of
performance that the management team hopes to
achieve for the fund. There is however no certainty
or promise that they will achieve the Performance
Target.
The ACD believes this is an appropriate target for
the sub-fund based on the investment policy of the
fund and the constituents of the composite 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.
New Fund Name: AL abrdn Real Estate Feeder
New Objective: To generate income and some growth over the
long term (5 years or more) by investing in property
and property related investments. It is intended that
the fund will be a PAIF at all times and, as such, its
investment objective is to carry on property
investment business and to manage cash raised
for investment in the property investment business.
Performance Target: To achieve a return in excess
of the following composite index over rolling five
year periods (after charges). 45% MSCI UK
Monthly Property Index; 45% FTSE EPRA Nareit
Developed Net Total Return Index and 10%
SONIA.
The Performance Target is the level of
performance that the management team hopes to
achieve for the fund. There is however no certainty
or promise that they will achieve the Performance
Target.
The ACD believes this is an appropriate target for
the sub-fund based on the investment policy of the
fund and the constituents of the composite index.
New Fund Name: abrdn Real Estate Feeder
New Objective: To generate income and some growth over the
long term (5 years or more) by investing in property
and property related investments. It is intended that
the fund will be a PAIF at all times and, as such, its
investment objective is to carry on property
investment business and to manage cash raised
for investment in the property investment business.
Performance Target: To achieve a return in excess
of the following composite index over rolling five
year periods (after charges). 45% MSCI UK
Monthly Property Index; 45% FTSE EPRA Nareit
Developed Net Total Return Index and 10%
SONIA.
The Performance Target is the level of
performance that the management team hopes to
achieve for the fund. There is however no certainty
or promise that they will achieve the Performance
Target.
The ACD believes this is an appropriate target for
the sub-fund based on the investment policy of the
fund and the constituents of the composite index.
New Fund Name:
OMR Jupiter UK Dynamic Long Short Equity Fund
New Fund Name: OMR Aviva Multi-Asset Income (SDB) Fund
Old TER: 0.65%
New TER: 0.57%
Please note the Income Distribution Pay dates will be changing from quarterly to monthly, where income is to be paid on or before the 14th of each month.
New Investment Objective: The Fund aims to deliver an income return in excess of the Index over any given 3-year period and provide an average annual net return greater than the Index over rolling 5-year periods. This should result in the growth of your investment over the long term.
The Index is a composite index comprising 30% MSCI AC World Index, 20% Bloomberg Global High Yield Total Return Value Index and 50% Bloomberg Global Aggregate Corporate Total Return Index (Hedged GBP).
The Fund will invest at least 60% in bonds issued by companies, governments or supranational organisations globally (including in emerging markets). The Fund may invest in both investment grade and non-investment grade (high yield) bonds, with “investment grade” taken to mean bonds which have been independently rated with a credit rating of BBB-/Baa3 or above. The Fund will also invest in the shares of companies in both developed and emerging market countries. The Fund may invest in core investments directly or indirectly via either other funds (including funds managed by Aviva Investors companies) or through the use of derivatives.
The Fund is actively managed, which means the Investment Manager selects which investments to buy or sell, and when. 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.
