A number of fund name changes were advised to us by fund managers during 2016. However, these name changes were not updated in our systems at the time. The fund names have now been updated and will be reflected correctly in annual statements.
New fund name: AL Schroder Global Cities Real Estate Fund
Old TER: 1.13%
New TER: 1.12%
Old TER: 1.418767873%
New TER: 1.42%
The Fund aims to provide an income higher than the income generated by the composite index over rolling 3-year periods and a total return higher than the index over the long term (5 years or more), after the deduction of charges. The composite index currently comprises:
▪ 15% FTSE All-Share Index;
▪ 30% MSCI ACWI ex UK Index;
▪ 35% Bloomberg Global Agg x Treasury (GBP Hedged) Index;
▪ 10% ICE BofA Global High Yield Constrained (GBP Hedged) Index; and
▪ 10% Sterling Overnight Index Average (SONIA).
The Fund is actively managed and invests at least 80% in a range of collective investment schemes and closed ended funds in order to gain exposure to a diversified portfolio of shares, fixed interest securities and alternative income producing investments, for the purposes of achieving income for distribution.
The Fund aims to provide a combination of capital growth and income over the long term (5 years or more). It looks to outperform a composite index over rolling 5-year periods, after the deduction of charges. This composite index currently comprises:
▪ 15% FTSE All-Share Index;
▪ 30% MSCI ACWI ex UK Index;
▪ 45% Bloomberg Global Agg x Treasury (GBP Hedged) Index; and
▪ 10% Sterling Overnight Index Average (SONIA).
The Fund is actively managed and invests at least 80% in a range of collective investment schemes and closed ended funds in order to gain exposure to a diversified portfolio of shares and fixed interest securities. Exposure to shares is expected to be in the region of 20-60%.
The Fund aims to provide a combination of capital growth and income over the long term (5 years or more). It looks to outperform a composite index over rolling 5-year periods, after the deduction of charges. This composite index currently comprises:
▪ 15% FTSE All-Share Index;
▪ 30% MSCI ACWI ex UK Index;
▪ 45% Bloomberg Global Agg x Treasury (GBP Hedged) Index; and
▪ 10% Sterling Overnight Index Average (SONIA).
The Fund is actively managed and invests at least 80% in a range of collective investment schemes and closed ended funds in order to gain exposure to a diversified portfolio of shares and fixed interest securities. Exposure to shares is expected to be in the region of 20-60%.
A number of fund name changes were advised to us by fund managers during 2021. However, these name changes were not updated in our systems at the time. The fund names have now been updated and will be reflected correctly in annual statements.
New fund name: CT MM Navigator Distribution Fund
A number of fund name changes were advised to us by fund managers during 2021. However, these name changes were not updated in our systems at the time. The fund names have now been updated and will be reflected correctly in annual statements.
New fund name: CT MM Navigator Cautious Fund
A number of fund name changes were advised to us by fund managers during 2021. However, these name changes were not updated in our systems at the time. The fund names have now been updated and will be reflected correctly in annual statements.
New fund name: L&G CT MM Navigator Cautious Fund
Revised Investment Objective:
The aim of the Fund is to increase the value of an investment over a minimum of 5 years. The Fund will do this through a combination of capital growth, which is profit on investments held, and
income, which is money paid out of investments, such as interest from bonds and dividends from
shares. This will be achieved whilst aiming to maintain a risk rating classification of ‘3’.
The Fund’s risk rating is confirmed by an independent external agency who operate a
range from ‘1’ which is classified as the lowest risk to ’10’ which is classified as the highest risk.
The Fund is managed to operate within the limits of the risk rating, which may limit the potential for capital growth and income.
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.
