New objective:
The objective of the Fund is to achieve capital growth and income delivering average annual investment returns (total returns, net of fees) of at least RPI + 1.5% over the long term (which is defined as a five-to-seven-year investment cycle).
Capital invested in the Fund is at risk.
The fund will be actively managed and in normal market conditions, at least 70% of the assets of the Fund will be invested in a mixture of shares and fixed income securities (including government and corporate bonds). The allocation to shares and fixed income securities will vary in response to market conditions. However, the allocation to shares will typically remain within in a 20%-50% range. Such exposure may be achieved directly or indirectly via collective investment schemes managed by third party managers. The Fund is not restricted to this range and although it is expected that the range represents the typical allocation, the Fund may deviate from the range during, and in anticipation of, adverse market conditions.
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 Fund Name: OMR Schroder Income Portfolio
New objective: The Fund aims to provide an income of 3% to 5% per year and capital growth by investing in a diversified range of assets and markets worldwide with a target average annual volatility (a measure of how much the Fund’s returns may vary over a year) over a rolling five year period of between 50% to 65% of that of global stock markets (represented by the MSCI All Country World index). The Fund is actively managed and invests its assets indirectly through collective investment schemes, exchange traded funds, real estate investment trusts or closed ended funds, in equity and equity related securities, fixed and floating rate securities, alternative assets worldwide, and derivatives. Alternative assets may include hedge funds, real estate, private equity and commodities. 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 Fund Name: OMR Schroder Blended 7 Portfolio
New objective: The Fund aims to provide capital growth by investing in a diversified range of assets and markets worldwide. The Fund is actively managed and invests its assets indirectly through collective investment schemes, exchange trade funds, real estate investment trusts or closed end funds, in equity and equity related securities, fixed and floating rate securities and alternative assets worldwide. Alternative assets may include hedge funds, real estate, private equity and commodities. 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 provide capital growth and income by investing in a diversified range of assets and markets worldwide. The Fund seeks to offer a balanced exposure to equities, fixed and floating rate securities and alternative assets. The Fund is actively managed and invests its assets indirectly through collective investment schemes, exchange traded funds, real estate investment trusts or closed ended funds, in equity and equity related securities, fixed and floating rate securities, alternative assets worldwide, and derivatives. Alternative assets may include hedge funds, real estate, private equity and commodities. 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 Fund Name: Schroder Income Portfolio
New objective: The Fund aims to provide an income of 3% to 5% per year and capital growth by investing in a diversified range of assets and markets worldwide with a target average annual volatility (a measure of how much the Fund’s returns may vary over a year) over a rolling five year period of between 50% to 65% of that of global stock markets (represented by the MSCI All Country World index). The Fund is actively managed and invests its assets indirectly through collective investment schemes, exchange traded funds, real estate investment trusts or closed ended funds, in equity and equity related securities, fixed and floating rate securities, alternative assets worldwide, and derivatives. Alternative assets may include hedge funds, real estate, private equity and commodities. 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 L&G Strategic Bond Fund
New name: ReAssure LG Strategic Bond Fund
Default Replacement Fund: OMR Fidelity European
Closing Fund TER: 1.22%
Default Replacement Fund TER: 1.32%
Objective of Default Replacement Fund: The Fund aims to increase the value of investor’s investment over a period of 5 years or more and provide a growing level of income. The Fund will invest at least 80% in equities (and their related securities) of companies domiciled, incorporated or having significant business in continental Europe and those which are listed in the region. The Fund is actively managed. The Investment Manager identifies suitable opportunities for the Fund utilising in-house research and investment capabilities.
Default Replacement Fund: OMR abrdn Sterling Corporate Bond Fund
Closing Fund TER: 0.75%
Default Replacement Fund TER: 0.72%
Objective of Default Replacement Fund: To generate income and some growth over the long term (5 years or more) by investing in Sterling denominated investment grade corporate bonds.
Performance Target: To exceed the IA Sterling Corporate bond Sector Average return (after charges) over 1 year and be top quartile over rolling three year periods. 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 ACD believes this is an appropriate target for the fund based on the investment policy of the fund and the constituents of the sector.
Customers will be invested in the new fund from 27/02/2023, however their switches will not process until at least a week following the conversion.
New fund name: OMR abrdn Global Ethical Equity Fund
