Default Replacement Fund: OMR Nordea Swedish Bond Fund
Closing Fund TER: 0.71%
Default Replacement Fund TER: 0.87%
Objective of Default Replacement Fund:
The objective of the fund is to provide shareholders with investment growth in the medium to long term. The fund mainly invests in Swedish bonds. Specifically, the fund invests at least two thirds of total assets in debt securities that are issued by public authorities, or by companies that are domiciled or conduct the majority of their business in Sweden. The fund’s main currency exposure is to the base currency, although it may also be exposed (through investments or cash) to other currencies.
In actively managing the fund’s portfolio, the management team selects securities that appear to offer superior investment opportunities. The fund considers principal adverse impacts on sustainability factors. The fund partly invests in sustainable investments. The fund promotes environmental and/or social characteristics. 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.
Please note that the merging fund will be suspended from 05/09/2024.
In March 2023 we were advised by L&G of minor changes to the objectives of the underlying assets held by the below funds. Unfortunately during the process of updating our systems an error was made and an incorrect objective was updated. We have now corrected the objective and that will be reflected in the fund factsheet and annual statements.
The objective of the fund is to invest in the L&G Future World Sustainable UK Equity Focus Fund. The underlying fund aims to outperform the FTSE All-Share Index GBP (the benchmark) after the deduction of all fees and charges.
The fund is permitted to hold a maximum of 0.5% of its exposure to net cash (including LGIM Liquidity Funds and accruals) and a minimum of 99.5% to the L&G Future World Sustainable UK Equity Focus Fund.
In March 2023 we were advised by L&G of minor changes to the objectives of the underlying assets held by the below funds. Unfortunately during the process of updating our systems an error was made and an incorrect objective was updated. We have now corrected the objective and that will be reflected in the fund factsheet and annual statements.
The objective of the fund is to invest in the Legal & General Active Global High Yield Bond fund. The underlying fund aims to outperform the ICE BofA BB-B Global High Yield Non-Financial 2% Constrained Total Return Index (the benchmark) after the deduction of all fees and charges. The fund is permitted to hold a maximum of 0.5% of its exposure to net cash (including LGIM Liquidity Funds and accruals) and a minimum of 99.5% to the L&G Active Global High Yield Bond Fund.
In March 2023 we were advised by L&G of minor changes to the objectives of the underlying assets held by the below funds. Unfortunately during the process of updating our systems an error was made and an incorrect objective was updated. We have now corrected the objective and that will be reflected in the fund factsheet and annual statements.
The objective of the fund is to invest in the Legal & General Future World Sustainable UK Equity Fund. The underlying fund aims to outperform the FTSE All-Share Index GBP (the benchmark) after the deduction of all fees and charges.
The fund is permitted to hold a maximum of 0.5% of its exposure to net cash (including LGIM Liquidity Funds and accruals) and a minimum of 99.5% to the Legal & General Future World Sustainable UK Equity Fund.
In March 2023 we were advised by L&G of minor changes to the objectives of the underlying assets held by the below funds. Unfortunately during the process of updating our systems an error was made and an incorrect objective was updated. We have now corrected the objective and that will be reflected in the fund factsheet and annual statements.
The objective of the fund is to invest in the L&G UK Smaller Companies Trust. The underlying fund aims to outperform the Numis Smaller Companies Index excluding (Investment Companies) (the benchmark) after the deduction of all fees and charges.
The fund is permitted to hold a maximum of 0.5% of its exposure to net cash (including LGIM Liquidity Funds and accruals) and a minimum of 99.5% to the L&G UK Smaller Companies Trust.
Old TER: 0.81%
New TER: 0.77%
Default Replacement Fund: OMR Aegon Strategic Bond Fund
Closing Fund TER: 0.67%
Default Replacement Fund TER: 0.60%
Objective of Default Replacement Fund:
The investment objective is to provide a combination of income and capital growth over any 7 year period. At least 80% of the Fund will be invested in a diverse portfolio of corporate bonds and government and public securities issued anywhere in the world and denominated in any currency. 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 OMR Aegon Strategic Bond from 30/08/2024, but please note these changes may not be visible until up to 2 weeks following this date.
Old TER: 0.88%
New TER: 0.83%
The aim of the Fund is to provide capital growth, that is to increase the value of your investment over a minimum of 5 years. The Fund also aims to outperform the FTSE All-Share Index over any 5 year period after charges. There is no certainty that either aim of the fund will be achieved.
The Fund is actively managed which means the Investment Manager decides 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.
The aim of the Fund is to provide capital growth, that is to increase the value of your investment, over a minimum of 5 years, however there is no certainty this will be achieved.
The Fund is actively managed which means the Investment Manager decides 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.
