Default Replacement Fund: OMR Prof M&G Gilt & Fixed Interest Income
Closing Fund TER: 0.36%
Default Replacement Fund TER: 0.41%
Objective of Default Replacement Fund:
The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the FTSE Actuaries UK Conventional Gilts All Stocks Index over any five-year period. At least 70% of the Fund is invested, directly or through derivatives, in investment grade short, medium and long-dated gilts. These securities are issued or guaranteed by the UK government, and denominated in Sterling. 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 Prof M&G Gilt & Fixed Interest Income funds from 11/10/2023, however our systems may not show this change until at least a week following the closure.
New objective:
The Fund aims to achieve capital growth over the long term (5 years, or more). It also looks to outperform the S&P 500 Index (the “Index”) over rolling 3-year periods, after the deduction of charges. The Fund is actively managed, and invests at least 75% of its assets in a concentrated portfolio of shares of companies domiciled in the United States of America (US), or which have significant US business operations. There is no restriction on size, but investment tends to focus on larger companies, such as those included in the 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 objective:
The Fund aims to achieve capital growth over the long term (5 years, or more). It also looks to outperform the S&P 500 Index (the “Index”) over rolling 3-year periods, after the deduction of charges. The Fund is actively managed, and invests at least 75% of its assets in shares of companies domiciled in the United States of America (US), or which have significant US business operations. There is no restriction on size, but investment tends to focus on larger companies, such as those included in the Index. The Index is a US stock market index, the constituents of which represent around 500 of the largest companies listed on the New York Stock Exchange or NASDAQ. 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 objective:
The aim of this Fund is to: (i) provide capital growth over the long term (being a period of 5 years or more); and (ii) to invest in companies that contribute to the achievement of the environmentally focussed United Nation’s Sustainable Development Goals (the “UN SDGs”), in line with the selection criteria described in the investment policy. The Fund invests at least 80% of its Net Asset Value in shares of listed companies of any size which are based anywhere in the world. The Manager selects shares based upon: (i) a company’s positive contribution to the achievement of one or more of the environmentally focussed UN SDGs; and (ii) its analysis of a company’s ability to generate above average returns (relative to its industry peers), financial status, quality of its management, technologies, expected profitability and prospects for growth. 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 objective:
The aim of this Fund is to: (i) provide capital growth over the long term (being a period of 5 years or more); and (ii) to invest in companies that contribute to the achievement of the environmentally focussed United Nation’s Sustainable Development Goals (the “UN SDGs”), in line with the selection criteria described in the investment policy. The Fund invests at least 80% of its Net Asset Value in shares of listed companies of any size which are based anywhere in the world. The Manager selects shares based upon: (i) a company’s positive contribution to the achievement of one or more of the environmentally focussed UN SDGs; and (ii) its analysis of a company’s ability to generate above average returns (relative to its industry peers), financial status, quality of its management, technologies, expected profitability and prospects for growth. 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 objective:
The aim of this Fund is to: (i) provide long-term capital growth over a period of 5 years or more and (ii) invest in companies which have leading or improving environmental, social and governance (ESG) practices, in line with the selection criteria described in the investment policy. The Fund invests at least 70% of its Net Asset Value in shares of companies domiciled, incorporated or having significant business in the UK which the Manager believes will provide above-average returns, relative to their industry peers. The Fund invests at least 80% of its investment in shares in large and medium-sized companies. 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 objective:
The aim of this Fund is to: (i) provide long-term capital growth over a period of 5 years or more and (ii) invest in companies which have leading or improving environmental, social and governance (ESG) practices, in line with the selection criteria described in the investment policy. The Fund invests at least 70% of its Net Asset Value in shares of companies domiciled, incorporated or having significant business in the UK which the Manager believes will provide above-average returns, relative to their industry peers. The Fund invests at least 80% of its investment in shares in large and medium-sized companies. 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 objective:
The aim of this Fund is to: (i) provide long-term capital growth over a period of 5 years or more; and (ii) invest in companies which have leading or improving environmental, social and governance (ESG) practices, in line with the selection criteria described in the investment policy. The Fund invests in shares of listed companies which the Manager believes will provide above-average returns, relative to their industry peers. The Fund invests in companies of any size and based anywhere in the world (including emerging markets). The Manager seeks to reduce the impact on the Fund of fluctuations in value of equity markets by investing in bonds issued by developed market governments. The Fund’s typical asset mix ranges between 60 –85% of its Net Asset Value in shares, with the remainder being mainly in bonds and cash. 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.
Default Replacement Fund: OMR Jupiter Global Macro Bond Fund
Closing Fund TER: 1.17%
Default Replacement Fund TER: 0.86%
Objective of Default Replacement Fund: The objective of the fund is to seek to achieve income and capital growth, delivering a positive total return, net of fees, higher than the Sterling Overnight Interbank Average rate over rolling 3-year periods. Capital invested in the fund is at risk and there is no guarantee that a positive total return will be achieved over rolling 3-year periods or in respect of any other time period.
The fund primarily invests (at least 70%) in a diversified portfolio of global fixed, variable and zero rate debt securities, including government and corporate bonds. The fund will vary the currencies in which it invests to enable it to achieve its objective.
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.
OMR LF Lancaster Global Equity Fund
