New Name: OMR Janus Henderson Global Select B Fund
Default Replacement Fund: abrdn Diversified Growth and Income Fund
Closing Fund TER: 0.83%
Default Replacement Fund TER: 0.93%
Objective of Default Replacement Fund:
The objective of the Fund is to generate a positive return through capital growth and income over the long term (5 years or more) by investing in a globally diversified portfolio of assets whilst reducing the risk of losses. Invested capital is however at risk and there is no guarantee that this will be attained over any time period. The Fund aims to exceed the return of SONIA by 5% per annum over rolling five year periods (before charges). 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 fund invests globally in a range of asset classes, derivatives, money-market instruments and cash.
New Objective:
The Fund aims to provide an income in excess of the income generated by the MSCI All Countries (AC) Asia Pacific ex Japan High Dividend Yield Index over any 5 year period with the potential for capital growth over the long term (5 years or more). The Fund invests at least two-thirds of its assets in a concentrated portfolio of shares (also known as equities) of companies, of any size, including smaller capitalisation companies, in any industry, in the Asia Pacific region (excluding Japan). Companies will be incorporated, headquartered, listed on an exchange in, or deriving significant revenue from, this region. 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.
Current TER: 1.19%
New TER: 1.14%
Current TER: 1.66%
New TER: 1.48%
Current TER: 1.31%
New TER: 1.25%
Default Replacement Fund: OMR Jupiter Responsible Income Fund
Closing Fund TER: 1.21%
Default Replacement Fund TER: 1.17%
Objective of Default Replacement Fund:
The objective of the Fund is to provide income together with capital growth in order to achieve a return, net of fees, higher than that provided by the FTSE4Good UK Index over the long term (at least five years). At least 70% of the Fund is invested in shares of companies based in the UK that are actively managing their environmental and social impacts or are providing solutions to environmental and/or social problems. 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 name:
OMR CT (Lux) European High Yield Bond Fund
New objective:
The OMR Lifestyle Gilt fund aims to provide income and capital growth. Approximately one third of the portfolio will obtain exposure to UK and overseas government bonds and other fixed interest securities with a remaining maturity of at least 15 years. The fund may also invest in other UK and overseas government bonds and fixed interest securities. RLL has appointed a specialist manager to manage the fund, and continuously monitors this appointment. The underlying fund may be denominated in or hold assets in a currency other than Sterling. The performance of the fund may therefore rise and fall as a result of exchange rate…
New objective:
The OMR Lifestyle Gilt fund aims to provide income and capital growth. Approximately one third of the portfolio will obtain exposure to UK and overseas government bonds and other fixed interest securities with a remaining maturity of at least 15 years. The fund may also invest in other UK and overseas government bonds and fixed interest securities. RLL has appointed a specialist manager to manage the fund, and continuously monitors this appointment. The underlying fund may be denominated in or hold assets in a currency other than Sterling. The performance of the fund may therefore rise and fall as a result of exchange rate…
