New Objective:
The objective of the Fund is to provide income with the prospect of capital growth to provide a return, net of fees, over the long term (at least five years). At least 70% of the Fund is invested in global fixed interest securities denominated in sterling or hedged back to sterling. Up to 30% of the Fund may be invested in other assets, including shares of companies (which may be based anywhere in the world), open-ended funds (including funds managed by Jupiter and its associates), cash and near cash. The Fund may enter into derivative transactions for investment (i.e. speculative) purposes. To attain the objective by investing at least 70% of the Fund in global fixed interest securities including high yield bonds, investment grade bonds, government bonds, preference shares, convertible bonds and other bonds denominated in sterling or hedged back to sterling.
Default Replacement Fund: OMR abrdn Asia Pacific Equity Fund
Closing Fund TER: 0.97%
Default Replacement Fund TER: 0.97%
Objective of Default Replacement Fund:
The investment objective of the fund is to generate growth over the long term (5 years or more) by investing in Asia Pacific, excluding Japan equities (company shares). The fund aims to achieve the return of the MSCI AC Asia Pacific ex Japan Index plus 3% per annum over rolling three 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 at least 70% in equities and equity related securities of companies listed, incorporated or domiciled in Asia Pacific excluding Japan countries, or companies that derive a significant proportion of their revenues or profits or have a significant proportion of their assets there.The fund may also invest in other funds (including those managed by abrdn), money-market instruments, 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: Mixed Investment (Universal)
Closing Fund TER: 0.53%
Default Replacement Fund TER: 0.06%
Objective of Default Replacement Fund: The objective of the fund is to provide steady long-term returns whilst safeguarding the fund against unnecessary risks. The fund is managed with the investments spread over all the major areas – Corporate Bonds 35%, UK equities 30%, North American equities 10%, European equities 10%, Far East (incl. Japan) equities 10% and Deposit 5%.
Default Replacement Fund: OMR VT Momentum Diversified Income Fund
Closing Fund TER: 1.62%
Default Replacement Fund TER: 1.41%
Objective of Default Replacement Fund: The fund aims to provide income over the medium to long term (3-5 years) by investing in
a balanced and well diversified portfolio of UK and International equities which the Investment Manager expects to be able to generate income (i.e. dividends) as well as some fixed interest securities including government and corporate bonds. Investments will also be made in
regulated collective investment schemes (which may include funds managed and/or operated by the ACD or Investment Manager), money
markets and cash deposits to provide further diversification to the fund in accordance with applicable regulations. 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 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.
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.
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.
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.
Default Replacement Fund: OMR Allianz UK Listed Equity Income
Closing Fund IMC: 0.89%
Default Replacement Fund IMC: 1.06%
Objective of Default Replacement Fund: The Fund aims to generate a total return (income and capital growth) net of fees greater than that of the FTSE All-Share Index (net of fees) over a rolling 5 year period. The Fund also has a secondary objective to deliver an annual income yield greater than the FTSE All-Share Index. The ACD will invest at least 80% of the Fund’s assets in securities listed on the London Stock Exchange as represented in the FTSE All-Share 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 Name: OMR BlackRock Natural Resources Fund
New objective: The Fund aims to provide a return on your investment (generated through an increase in the value of the assets held by the Fund and/or income received from those assets) (gross of fees). Although the Fund aims to achieve its investment objective, there is no guarantee that this will be achieved. The Fund’s capital is at risk meaning that the Fund could suffer a decrease in value and the value of your investment would decrease as a result. In seeking to achieve its investment objective, the Fund will invest at least 70% of its total assets in the equity securities (i.e. shares) and equity-related investments (i.e. other investments whose value is related to equities) of companies whose predominant economic activity is in the natural resources sector which includes, but is not limited to, mining, agriculture and energy. 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.
