Default Replacement Fund: OMR Invesco Tactical Bond (UK) Fund
Closing Fund TER: 1.09%
Default Replacement Fund TER: 1.04%
Objective of Default Replacement Fund:
The Fund aims to achieve income and capital growth over the medium to long term (3 to 5 years plus). The Fund has a flexible allocation to corporate and government debt securities (including investment grade, non-investment grade and unrated) and cash. Depending on market conditions the Fund may invest up to 100% of its net assets in cash, cash equivalents, short-term debt securities and money-market instruments.
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 Invesco Tactical Bond (UK) Fund from 24/04/2024, however our systems may not show this change until at least a week following the closure.
Default Replacement Fund: OMR Schroder UK Mid 250 Fund
Closing Fund IMC: 0.92%
Default Replacement Fund IMC: 1.30%
Objective of Default Replacement Fund:
The Fund aims to provide long term capital growth in excess of the FTSE 250 ex Investment Trusts (Gross Total Return) index (after fees have been deducted) over a three to five year period by investing in equity and equity related securities of companies listed in the FTSE 250 Index ex Investment Trusts. The Fund is actively managed and invests at least 80% of its assets in equity and equity related securities of UK companies listed in the FTSE 250 ex Investment Trusts index. These are companies that are incorporated, headquartered or have their principal business activities 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.
The closing fund will be suspended from 14/03/2024.
Customers will be invested in the OMR Schroder UK Mid 250 Fund from 22/03/2024, however our systems may not show this change until at least a week following the closure.
Old TER: 1.17%
New TER: 0.85%
Old TER: 1.17%
New TER: 0.85%
Old TER: 1.25%
New TER: 0.87%
Old TER: 1.11%
New TER: 0.67%
Old TER: 1.29%
New TER: 0.78%
Old TER: 1.32%
New TER: 0.97%
Old TER: 1.25%
New TER: 0.94%
Default replacement fund: JP Morgan UK Smaller Companies Investment Trust
Objective of the default replacement fund:
The Trusts’s objective is to achieve capital growth from UK listed smaller companies and a rising share price over the longer term by taking carefully controlled risks. The Trust has the ability to use borrowing to gear the portfolio within the range of 10% net cash to 15% geared in normal market conditions. Gearing may magnify gains or losses experienced by the Investment Trust. The Trust makes quarterly distributions that are set at the beginning of each financial year. On aggregate, the intention is to pay dividends totalling at least 4% of the NAV as at the end of the preceding financial year.
The closing fund will be closed to purchases and redemptions immediately. The continuing fund will be renamed to JP Morgan UK Small Cap Growth & Income Trust.
