Default Replacement Fund: OMR Schroder UK Mid 250 Fund
Closing Fund TER: 1.16%
Default Replacement Fund TER: 1.10%
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.
Customers will be invested in the OMR Schroder UK Mid 250 Fund from 02/05/2024, but please note these changes may not be visible until up to 2 weeks following this date.
Default Replacement Fund: L&G Schroder UK Mid 250 Fund
Closing Fund IMC: 0.85%
Default Replacement Fund IMC: 0.66%
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.
Customers will be invested in the L&G Schroder UK Mid 250 Fund from 02/05/2024, but please note these changes may not be visible until up to 2 weeks following this date.
Default Replacement Fund: L&G Schroder UK Mid 250 Fund
Closing Fund IMC: 0.78%
Default Replacement Fund IMC: 0.66%
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.
Customers will be invested in the L&G Schroder UK Mid 250 Fund from 02/05/2024, but please note these changes may not be visible until up to 2 weeks following this date.
Default Replacement Fund: OMR Aegon High Yield Bond fund
Closing Fund TER: 1.20%
Default Replacement Fund TER: 0.59%
Objective of Default Replacement Fund: The investment objective is to provide a combination of income and capital growth over any 7 year period. At least 80% of the Fund will be invested in a portfolio of high yield corporate bonds issued anywhere in the world and denominated in any currency. 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 Aegon High Yield Bond 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 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.
L&G will make some changes to the Legal & General UK Property Feeder Fund which are consequential changes in light of changes to the L&G UK Property fund, the ‘Master’ fund of the fund. These changes will be effective from 12 April 2024 and have been approved during an Extraordinary Meeting on 10 April 2024.
L&G will amend the investment policy of the Master Fund to enable it to invest a higher proportion of its assets in global property-related assets, such as real estate investment trusts (“REITs”). This change will allow the Master Fund to amend its current portfolio composition to reduce its direct exposure to UK real estate and to increase its indirect exposure to global real estate through REITs.
By implementing this change to its investment policy, L&G aim to continue to deliver their property strategy to unit holders in a more liquid form and with additional benefits of diversification.
To reflect the fund’s new global perspective, its name will change from the L&G UK Property Feeder to L&G Property Feeder.
The portfolio of the fund will be realigned to the desired new asset allocation. The transition process is expected to take 18-24 months, but it may take longer due to the illiquid nature of the assets and varying market conditions.
Old TER: 0.67%
New TER: 0.69%
Old TER: 0.57%
New TER: 0.58%
Old TER: 1.15%
New TER: 1.22%
Old TER: 0.87%
New TER: 0.93%
Old TER: 1.15%
New TER: 1.22%
Old TER: 0.87%
New TER: 0.93%
New name:
OMR Quilter Cheviot International Balanced Portfolio
New name:
OMR Quilter Cheviot International Growth Portfolio
New name:
OMR Quilter Cheviot International Equity Portfolio
Old TER: 0.895%
New TER: 0.78%
Old TER: 0.41%
New TER: 0.40%
Old TER: 1.04%
New TER: 0.92%
Old TER: 0.5625%
New TER: 0.58%
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: 1.25%
New TER: 0.94%
Old TER: 1.32%
New TER: 0.97%
Old TER: 1.29%
New TER: 0.78%
Old TER: 1.11%
New TER: 0.67%
Old TER: 1.17%
New TER: 0.85%
Old TER: 1.25%
New TER: 0.87%
Old TER: 1.17%
New TER: 0.85%
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.
We can confirm that we are expecting to receive a first payment from M&G which we will be passing on to customers shortly after.
Those customers invested in the impacted funds will have their payments added to their plans in the following replacement funds:
OMR M&G Feeder of Property Portfolio > OMR L&G UK Property Feeder
AL M&G Property > AL abrdn Property
M&G Feeder of Property Portfolio (Life&Pension)> L&G Property Feeder
We will be issuing a letter to customers shortly after the units have been added to plans. We expect to receive further payments in future and will provide further information when we do.
Default Replacement Fund: OMR SVM UK Opportunities Fund
Closing Fund TER: 1.41%
Default Replacement Fund TER: 1.42%
Objective of Default Replacement Fund:
The objective of this Fund is to achieve capital growth over the long term (5 years or more) and it aims to outperform the MSCI United Kingdom IMI (or any successor index). Performance is measured on a monthly basis over rolling 5 year periods after all fees and costs are deducted.
The Fund will invest at least 80% in equities and equity related instruments in UK companies. From time to time, when particular opportunities are identified, or the ACD considers it appropriate, the Fund may invest in other permitted transferable securities.
The Fund will seek to invest in the full range of opportunities available to it, which will include shares on the Alternative Investment Market. 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 merging fund will be suspended from 05/02/2024. Customers will be invested in the new fund from 09/02/2024, however their switches will not process until at least a week following the conversion.
New objective:
The Fund aims to provide income and capital growth by investing in equity and equity related securities of Asia Pacific Companies, excluding Japan but including Australia and New Zealand. The Fund aims to deliver an income of 7% per year but this is not guaranteed and could change depending on market conditions. The Fund is actively managed and invests at least 80% of its assets in equity and equity related securities of Asia Pacific companies, excluding Japan, but including Australia and New Zealand, which are selected for their long – term income and capital growth potential. 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.
Old Share Class: A Acc
New Share Class: AC Acc
Old Share Class: A Acc
New Share Class: AC Acc
Old Share Class: A Acc
New Share Class: AC Acc
Old Share Class: A Acc
New Share Class: AC Acc
Old Share Class: A Acc
New Share Class: AC Acc
Old Share Class: A Acc
New Share Class: AC Acc
Default Replacement Fund: J O Hambro Capital Management UK Dynamic Fund
Closing Fund IMC: 0.84%
Default Replacement Fund IMC: 0.68%
Objective of Default Replacement Fund:
The Fund’s investment objective is to achieve capital growth over a rolling seven to ten year period as well as providing income. The Fund’s target is to have a return greater than the FTSE All-Share Total Return Index (12pm adjusted), which is used in the calculation of performance fees. The Fund will aim to achieve this objective through investing at least 90% of the Fund in the shares of companies listed on either of the two primary markets of the London Stock Exchange: the Main Market (FTSE) and the Alternative Investment Market (AIM). At all times at least 75% of the Fund is invested in the shares of companies that are domiciled, incorporated or have a significant portion of their business in the UK. Customers will be invested in the J O Hambro Capital Management UK Dynamic Fund from 27/01/2024, however our systems may not show this change until at least a week following the closure.
Current TER: 1.36%
New TER: 1.21%
Current TER: 1.20%
New TER: 1.09%
Current TER: 0.79%
New TER: 0.72%
Old Share Class: R Acc
Old TER: 1.06%
New Share Class: I Acc
New TER: 0.75%
Old Share Class: R Inc
Old TER: 1.06%
New Share Class: I Inc
New TER: 0.76%
Old Share Class: R Acc
Old TER: 1.16%
New Share Class: I Acc
New TER: 0.58%
A number of fund name changes were advised to us by fund managers during 2021. However, these name changes were not updated in our systems at the time. The fund names have now been updated and will be reflected correctly in annual statements. The investment strategies of the funds have not changed. Please see a list of affected funds below:
| Original name | New name |
| OMR abrdn Glb Responsible Equity | OMR abrdn Glb Sust & Resp Inv Equity |
| OMR abrdn UK Property Feed | OMR abrdn UK Real Estate Feeder |
| OMR Aegon Diversified Growth | OMR Aegon Sust Diversified Growth |
| OMR Artemis Capital | OMR Artemis SmartGARP UK Equity |
| OMR Artemis Global Growth | OMR Artemis SmartGARP Global Equity |
| OMR EAB Jupiter Gbl Eq Inc IRL | OMR EAB Jupiter Merian Gbl Eq Inc (IRL) |
| OMR FP Argonaut European Alpha | OMR VT Argonaut European Alpha |
| OMR FTF ClearBridge US Equity | OMR FTF ClearBridge US Value |
| OMR HC Verbatim Prt 5 Gth | OMR WS Verbatim Prt 5 Growth |
| OMR HC Verbatim Prt 5 Inc | OMR WS Verbatim Prt 5 Income |
| OMR IFSL Marlborough UK Mt-Cap Gwth | OMR IFSL Marlborough Multi-Cap Gwth |
| OMR Invesco Japan (UK) | OMR Invesco Resp Jap Eq Val Disc (UK) |
| OMR Jan Hend UK Abs Retn | OMR Janus Henderson Abs Return |
| OMR Jupiter Gbl Emerging Mkts | OMR Jupiter Gbl Emerging Mkts Focus |
| OMR Jupiter Gbl Eq Inc (IRL) | OMR Jupiter Merian Gbl Eq Inc (IRL) |
| OMR Jupiter Gbl Equity Abs Ret | OMR Jupiter Merian Gbl Equity Abs Ret |
| OMR Jupiter Global Equity | OMR Jupiter Merian Global Equity |
| OMR Jupiter North Am Eq (OS) | OMR Jupiter Merian North Am Eq (OS) |
| OMR Jupiter North American Eq | OMR Jupiter Merian North American Eq |
| OMR Jupiter World Equity | OMR Jupiter Merian World Equity |
| OMR M&G Global Select | OMR M&G Global Sustain Paris Aligned |
| OMR Premier Responsible UK Eq | OMR Premier Miton Responsible UK Eq |
| OMR Sarasin GlobalSar Strat | OMR Sarasin Multi Asset Strategic |
| OMR Schroder Core UK Equity | OMR Schroder Sustainable UK Equity |
| OMR Sinfonia Adv Growth Port | OMR VT Sinfonia Adv Growth Port |
| OMR Sinfonia Balanced Managed | OMR VT Sinfonia Balanced Mgd Port |
| OMR Sinfonia Cautious Managed | OMR VT Sinfonia Cautious Mgd Port |
| OMR Sinfonia Income | OMR VT Sinfonia Income Portfolio |
| OMR Sinfonia Income & Growth | OMR VT Sinfonia Income & Growth Port |
Current TER: 1.28%
New TER: 1.23%
Current TER: 0.66%
New TER: 0.50%
Current TER: 1.12%
New TER: 1.07%
Current TER:0.82%
New TER:0.77%
Current TER: 1.17%
New TER: 1.12%
Current TER: 1.22%
New TER: 1.17%
Current TER: 1.19%
New TER: 1.14%
Current TER: 1.19%
New TER: 1.14%
Current TER:0.94%
New TER: 0.89%
Current TER: 0.67%
New TER: 0.62%
Current TER: 1.34%
New TER: 1.29%
Current TER: 1.26%
New TER: 1.21%
Current TER: 1.26%
New TER: 1.21%
Current TER: 1.09%
New TER: 1.04%
Current TER: 1.29%
New TER: 1.24%
Current TER: 0.95%
New TER:0.90%
Current TER: 1.26%
New TER: 1.21%
Current TER: 1.19%
New TER: 1.14%
Current TER: 1.07%
New TER: 1.02%
Current TER: 0.72%
New TER:0.67%
Current TER: 1.30%
New TER: 1.25%
Current TER: 1.04%
New TER: 0.99%
Current TER: 1.09%
New TER: 1.04%
Current TER: 1.21%
New TER: 1.16%
Current TER: 0.92%
New TER:0.87%
Current TER: 1.20%
New TER: 1.15%
Current TER:0.86%
New TER: 0.81%
Current TER:0.86%
New TER: 0.81%
Current TER: 1.20%
New TER: 1.15%
Current TER:1.21%
New TER: 1.16%
Current TER: 1.05%
New TER: 1.00%
Current TER: 0.62%
New TER: 0.57%
Current TER: 0.62%
New TER: 0.57%
New name: OMR WS AVI Worldwide Opportunities Fund
New ACD: Waystone Management (UK) Limited (‘Waystone’)
New name: OMR BlackRock US Mid-Cap Value Fund
New objective:
The aim of the Fund is to provide a return on your investment (generated through an increase in the value of the assets held by the Fund, gross of fees) over the long term (5 or more consecutive years beginning at the point of investment) by investing in shares of medium sized companies incorporated or listed in the United States. In seeking to achieve its investment objective, the Fund will invest at least 70% of its total assets in equities (i.e. shares) and equity-related investments (i.e. other investments whose value is related to equities) of medium sized companies incorporated or listed in the United States. Medium sized companies are those whose market capitalisation (market capitalisation is the share price of the company multiplied by the number of shares issued) is similar to that of companies in the Russell Midcap® Value Index at the time of the Fund’s investment. The Investment Manager follows a “value” philosophy in its investment approach. This means that, among other factors, underlying companies are chosen where the Investment Manager considers the shares of such companies to be trading below their intrinsic value and that the chosen companies exhibit value investment characteristics, such as overall business quality, potential for dividend growth and the potential to deliver superior risk-adjusted returns over the long term.
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.
Old Share Class: A Acc
New Share Class: Z Acc
Old Share Class: A Acc
New Share Class: Z Acc
Old Share Class: A Acc
New Share Class: Z Acc
Old Share Class: A Acc
New Share Class: Z Acc
New name:
Schroder Income Portfolio
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.
Schroder Unit Trusts Limited (the Fund Manager) will be changing the name of the shareclass that the OMR Schroder Blended Portfolio 6 invests in.
Old Shareclass name: Schroder Blended Portfolio 6 F Acc
New Shareclass name: Schroder Blended Portfolio 6 Z Acc
Schroder Unit Trusts Limited (the Fund Manager) will be changing the name of the shareclass that the OMR Schroder Blended Portfolio 7 invests in.
Old Shareclass name: Schroder Blended Portfolio 7 F Acc
New Shareclass name: Schroder Blended Portfolio 7 Z Acc
New name:
OMR Schroder Blended Portfolio 7
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.
New Name: OMR Janus Henderson Global Select Fund
New Name: OMR Janus Henderson Global Select B Fund
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.
Current TER: 1.31%
New TER: 1.25%
Current TER: 1.19%
New TER: 1.14%
Current TER: 1.66%
New TER: 1.48%
New name:
OMR CT (Lux) European High Yield Bond Fund
New name: Janus Henderson European Mid and Large Cap Fund
New objective:
The Fund aims to provide capital growth over the long term. The Fund invests at least 80% of its assets in shares (also known as equities) of companies, in any industry, in Europe (excluding UK). Companies will be incorporated, headquartered, listed on an exchange in, or deriving significant revenue from, this region. The Fund may invest in companies of any size, but will normally have a strong bias towards medium sized companies with the potential to grow into large sized companies.
New name: Janus Henderson European Mid and Large Cap Fund
New objective:
The Fund aims to provide capital growth over the long term. The Fund invests at least 80% of its assets in shares (also known as equities) of companies, in any industry, in Europe (excluding UK). Companies will be incorporated, headquartered, listed on an exchange in, or deriving significant revenue from, this region. The Fund may invest in companies of any size, but will normally have a strong bias towards medium sized companies with the potential to grow into large sized companies.
Current TER: 1.20%
New TER: 1.25%
Current TER: 0.91%
New TER: 0.94%
Current TER: 1.30%
New TER: 1.38%
Current TER: 1.25%
New TER: 1.27%
Current TER: 1.21%
New TER: 1.24%
Current TER: 1.21%
New TER: 1.25%
Current TER: 1.15%
New TER: 1.23%
Current TER: 1.22%
New TER: 1.27%
Current TER: 1.04%
New TER: 1.08%
Current TER: 1.27%
New TER: 1.32%
Current TER: 1.20%
New TER: 1.25%
Current TER: 1.21%
New TER: 1.25%
Current TER: 0.84%
New TER: 0.88%
Current TER: 1.47%
New TER: 1.25%
Current TER: 1.47%
New TER: 1.25%
Current TER: 1.47%
New TER: 1.25%
Current TER: 1.42%
New TER: 1.22%
Current TER: 1.42%
New TER: 1.22%
New Name: Artemis European Select Fund
New objective:
The fund aims to grow capital over a five year period. The fund invests 80%-100% in company shares and up to 20% in bonds, cash and near cash, other transferable securities, other funds (up to 10%) managed by Artemis and third party funds, money market instruments, and derivatives. The fund may use derivatives for investment purpose to achieve the fund objective, including by taking long and short positions, to produce additional income or growth and for efficient portfolio management purposes to reduce risk and manage the fund efficiently. The fund invests at least 80% in Europe (excluding the United Kingdom) and up to 20% in other countries.
New Name: Artemis European Select Fund
New objective:
The fund aims to grow capital over a five year period. The fund invests 80%-100% in company shares and up to 20% in bonds, cash and near cash, other transferable securities, other funds (up to 10%) managed by Artemis and third party funds, money market instruments, and derivatives. The fund may use derivatives for investment purpose to achieve the fund objective, including by taking long and short positions, to produce additional income or growth and for efficient portfolio management purposes to reduce risk and manage the fund efficiently. The fund invests at least 80% in Europe (excluding the United Kingdom) and up to 20% in other countries.
Default Replacement Fund: abrdn UK Income Equity Fund
Closing Fund TER: 0.83%
Default Replacement Fund TER: 0.83%
Objective of Default Replacement Fund: The objective of the Fund is to generate income and some capital over the long term (5 years or more) by investing in UK equities (company shares). The fund aims to deliver a yield greater than that of the FTSE All Share Index over a rolling five year period (before charges) and achieve a return in excess of the FTSE All Share Index over a
rolling five year period (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 will invest at least 70% in equities and equity related securities of companies incorporated or domiciled in the UK or having significant operations and/or exposure to the UK.
New Objective:
The investment objective of the Fund is to maximise total return, consistent with preservation of capital and prudent investment management, by aiming to outperform (net of fees) the Target Benchmark, the FTSE Actuaries UK Conventional Gilts All Stocks Index Midday Total Return (in GBP), over a rolling three year period.
Investors should be aware that the Fund’s capital is at risk and there is no guarantee that the Fund will achieve its investment objective over the above period or at all.
The Annual Management Charge for Allianz Gilt Yield Fund is charged to capital. This will increase the amount of income available for distribution to Shareholders but may constrain capital growth.
The ACD aims to achieve the investment objective by investing in gilts (being UK government bonds), overseas government bonds, government guaranteed bonds, and supranational bonds.
New Objective:
The investment objective of the Fund is to maximise total return, consistent with preservation of capital and prudent investment management, by aiming to outperform (net of fees) the Target Benchmark, the FTSE Actuaries UK Conventional Gilts All Stocks Index Midday Total Return (in GBP), over a rolling three year period.
Investors should be aware that the Fund’s capital is at risk and there is no guarantee that the Fund will achieve its investment objective over the above period or at all.
The Annual Management Charge for Allianz Gilt Yield Fund is charged to capital. This will increase the amount of income available for distribution to Shareholders but may constrain capital growth.
The ACD aims to achieve the investment objective by investing in gilts (being UK government bonds), overseas government bonds, government guaranteed bonds, and supranational bonds.
New Objective:
The investment objective of the Fund is to maximise total return, consistent with preservation of capital and prudent investment management, by aiming to outperform (net of fees) the Target Benchmark, the FTSE Actuaries UK Conventional Gilts All Stocks Index Midday Total Return (in GBP), over a rolling three year period.
Investors should be aware that the Fund’s capital is at risk and there is no guarantee that the Fund will achieve its investment objective over the above period or at all.
The Annual Management Charge for Allianz Gilt Yield Fund is charged to capital. This will increase the amount of income available for distribution to Shareholders but may constrain capital growth.
The ACD aims to achieve the investment objective by investing in gilts (being UK government bonds), overseas government bonds, government guaranteed bonds, and supranational bonds.
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.
Ninety One American Franchise Fund
L&G Ninety One Funds Series iii Global Environment Fund
Ninety One Funds Series iii Global Environment Fund
Ninety One Global Income Opportunities Fund
Ninety One Global Strategic Equity Fund
Ninety One UK Smaller Companies Fund
Ninety One UK Special Situations Fund
AL Ninety One Global Income Opportunities Fund
Ninety One Global Income Opportunities Fund
L&G Life Ninety One Global Income Opportunities Fund
Ninety One Global Income Opportunities Fund
M&G Investments have notified us that they have suspended trading on the property funds with immediate effect whilst they complete the process of closing those funds (subject to regulatory approval).
M&G have explained that property funds have been less popular over the last few years and their property funds have experienced sustained outflows, resulting in the funds being smaller. M&G believe that these outflows will continue, and possibly accelerate in the future. As the funds reduce in size, it is necessary to sell larger properties and buy smaller ones. This incurs high transaction costs which negatively impact the performance of the fund.
M&G consider closing the funds to be the best option and expect the closure process to take 18 months. There is no guarantee that this timeframe is achievable and ReAssure will provide updates as the activity progresses.
We will provide an update to ReAssure customers invested in impacted funds explaining what this means for them and what options are available to them.
M&G Investments have notified us that they have suspended trading on the property funds with immediate effect whilst they complete the process of closing those funds (subject to regulatory approval).
M&G have explained that property funds have been less popular over the last few years and their property funds have experienced sustained outflows, resulting in the funds being smaller. M&G believe that these outflows will continue, and possibly accelerate in the future. As the funds reduce in size, it is necessary to sell larger properties and buy smaller ones. This incurs high transaction costs which negatively impact the performance of the fund.
M&G consider closing the funds to be the best option and expect the closure process to take 18 months. There is no guarantee that this timeframe is achievable and ReAssure will provide updates as the activity progresses.
We will provide an update to ReAssure customers invested in impacted funds explaining what this means for them and what options are available to them.
M&G Investments have notified us that they have suspended trading on the property funds with immediate effect whilst they complete the process of closing those funds (subject to regulatory approval).
M&G have explained that property funds have been less popular over the last few years and their property funds have experienced sustained outflows, resulting in the funds being smaller. M&G believe that these outflows will continue, and possibly accelerate in the future. As the funds reduce in size, it is necessary to sell larger properties and buy smaller ones. This incurs high transaction costs which negatively impact the performance of the fund.
M&G consider closing the funds to be the best option and expect the closure process to take 18 months. There is no guarantee that this timeframe is achievable and ReAssure will provide updates as the activity progresses.
We will provide an update to ReAssure customers invested in impacted funds explaining what this means for them and what options are available to them.
New Name: OMR Jupiter Merlin Monthly Income Select
New objective:
To provide regular income with the prospect of capital growth over the long term (at least five years). At least 70% of the Fund is invested in collective investment schemes, with typically between 40% and 70% and at least 25% in funds managed or operated by Jupiter or an associate of Jupiter. Up to 30% of the Fund may be invested in other transferable securities, cash and near cash. The Fund will have exposure (direct and/or indirect) of: (i) at least 60% to fixed interest securities; and (ii) up to 35% to shares of companies. At least 50% of the Fund will (in aggregate) be invested directly or indirectly in i) shares issues by companies based in the UK and/or funds investing in such companies; and/or ii) transferable securities which are sterling-denominated or hedged back to sterling. The Fund may use derivative transactions for investments purposes. 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: L&G Life Jupiter Merlin Monthly Income Select
New objective:
To provide regular income with the prospect of capital growth over the long term (at least five years). At least 70% of the Fund is invested in collective investment schemes, with typically between 40% and 70% and at least 25% in funds managed or operated by Jupiter or an associate of Jupiter. Up to 30% of the Fund may be invested in other transferable securities, cash and near cash. The Fund will have exposure (direct and/or indirect) of: (i) at least 60% to fixed interest securities; and (ii) up to 35% to shares of companies. At least 50% of the Fund will (in aggregate) be invested directly or indirectly in i) shares issues by companies based in the UK and/or funds investing in such companies; and/or ii) transferable securities which are sterling-denominated or hedged back to sterling. The Fund may use derivative transactions for investments purposes.
New Name: L&G Pension Jupiter Merlin Monthly Income Select
New objective:
To provide regular income with the prospect of capital growth over the long term (at least five years). At least 70% of the Fund is invested in collective investment schemes, with typically between 40% and 70% and at least 25% in funds managed or operated by Jupiter or an associate of Jupiter. Up to 30% of the Fund may be invested in other transferable securities, cash and near cash. The Fund will have exposure (direct and/or indirect) of: (i) at least 60% to fixed interest securities; and (ii) up to 35% to shares of companies. At least 50% of the Fund will (in aggregate) be invested directly or indirectly in i) shares issues by companies based in the UK and/or funds investing in such companies; and/or ii) transferable securities which are sterling-denominated or hedged back to sterling. The Fund may use derivative transactions for investments purposes.
Current TER: 1.06%
New TER: 1.14%
Current TER: 0.52%
New TER: 0.60%
Current TER: 0.52%
New TER: 0.60%
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…
Default Replacement Fund: OMR 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 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.
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.
WS Lindsell Train UK Equity
AL WS Morant Wright Nippon Yield
WS Morant Wright Nippon Yield
OMR WS Lancaster Global Equity
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
This fund aims to provide capital growth over the long-term, being five years or more, by investing in companies that have strong Environmental, Social and Governance profiles with the aim of having a positive influence on society and the environment. In addition, exclusions are applied to companies relating to their level of involvement in arms manufacture, tobacco manufacture and gambling. The fund is majority UK equities, but also holds a significant proportion of global equities and may hold some money-market instruments and cash.
New Objective:
This fund aims to provide capital growth over the long-term, being five years or more, by investing in companies that have strong Environmental, Social and Governance profiles with the aim of having a positive influence on society and the environment. In addition, exclusions are applied to companies relating to their level of involvement in arms manufacture, tobacco manufacture and gambling. The fund is majority UK equities, but also holds a significant proportion of global equities and may hold some money-market instruments and cash.
New Objective:
This fund aims to provide capital growth over the long-term, being five years or more, by investing in companies that have strong Environmental, Social and Governance profiles with the aim of having a positive influence on society and the environment. In addition, exclusions are applied to companies relating to their level of involvement in arms manufacture, tobacco manufacture and gambling. The fund is majority UK equities, but also holds a significant proportion of global equities and may hold some money-market instruments and cash.
New Objective:
This fund aims to provide capital growth over the long-term, being five years or more, by investing in companies that have strong Environmental, Social and Governance profiles with the aim of having a positive influence on society and the environment. In addition, exclusions are applied to companies relating to their level of involvement in arms manufacture, tobacco manufacture and gambling. The fund is majority UK equities, but also holds a significant proportion of global equities and may hold some money-market instruments and cash.
New Objective:
This fund aims to provide capital growth over the long-term, being five years or more, by investing in companies that have strong Environmental, Social and Governance profiles with the aim of having a positive influence on society and the environment. In addition, exclusions are applied to companies relating to their level of involvement in arms manufacture, tobacco manufacture and gambling. The fund is majority UK equities, but also holds a significant proportion of global equities and may hold some money-market instruments and cash.
New Objective:
This fund aims to provide capital growth over the long-term, being five years or more, by investing in companies that have strong Environmental, Social and Governance profiles with the aim of having a positive influence on society and the environment. In addition, exclusions are applied to companies relating to their level of involvement in arms manufacture, tobacco manufacture and gambling. The fund is majority UK equities, but also holds a significant proportion of global equities and may hold some money-market instruments and cash.
New Objective:
This fund aims to provide capital growth over the long-term, being five years or more, by investing in companies that have strong Environmental, Social and Governance profiles with the aim of having a positive influence on society and the environment. In addition, exclusions are applied to companies relating to their level of involvement in arms manufacture, tobacco manufacture and gambling. The fund is majority UK equities, but also holds a significant proportion of global equities and may hold some money-market instruments and cash.
New Objective:
This fund aims to provide capital growth over the long-term, being five years or more, by investing in companies that have strong Environmental, Social and Governance profiles with the aim of having a positive influence on society and the environment. In addition, exclusions are applied to companies relating to their level of involvement in arms manufacture, tobacco manufacture and gambling. The fund is majority UK equities, but also holds a significant proportion of global equities and may hold some money-market instruments and cash.
New Objective:
This fund aims to provide capital growth over the long-term, being five years or more, by investing in companies that have strong Environmental, Social and Governance profiles with the aim of having a positive influence on society and the environment. In addition, exclusions are applied to companies relating to their level of involvement in arms manufacture, tobacco manufacture and gambling. The fund is majority UK equities, but also holds a significant proportion of global equities and may hold some money-market instruments and cash.
New Objective:
This fund aims to provide capital growth over the long-term, being five years or more, by investing in companies that have strong Environmental, Social and Governance profiles with the aim of having a positive influence on society and the environment. In addition, exclusions are applied to companies relating to their level of involvement in arms manufacture, tobacco manufacture and gambling. The fund is majority UK equities, but also holds a significant proportion of global equities and may hold some money-market instruments and cash.
New Objective:
This fund aims to provide capital growth over the long-term, being five years or more, by investing in companies that have strong Environmental, Social and Governance profiles with the aim of having a positive influence on society and the environment. In addition, exclusions are applied to companies relating to their level of involvement in arms manufacture, tobacco manufacture and gambling. The fund is majority UK equities, but also holds a significant proportion of global equities and may hold some money-market instruments and cash.
New Objective:
This fund aims to provide capital growth over the long-term, being five years or more, by investing in companies that have strong Environmental, Social and Governance profiles with the aim of having a positive influence on society and the environment. In addition, exclusions are applied to companies relating to their level of involvement in arms manufacture, tobacco manufacture and gambling. The fund is majority UK equities, but also holds a significant proportion of global equities and may hold some money-market instruments and cash.
New Objective:
This fund aims to provide capital growth over the long-term, being five years or more, by investing in companies that have strong Environmental, Social and Governance profiles with the aim of having a positive influence on society and the environment. In addition, exclusions are applied to companies relating to their level of involvement in arms manufacture, tobacco manufacture and gambling. The fund is majority UK equities, but also holds a significant proportion of global equities and may hold some money-market instruments and cash.
New Objective:
This fund aims to provide capital growth over the long-term, being five years or more, by investing in companies that have strong Environmental, Social and Governance profiles with the aim of having a positive influence on society and the environment. In addition, exclusions are applied to companies relating to their level of involvement in arms manufacture, tobacco manufacture and gambling. The fund is majority UK equities, but also holds a significant proportion of global equities and may hold some money-market instruments and cash.
New Objective:
This fund aims to provide capital growth over the long-term, being five years or more, by investing in companies that have strong Environmental, Social and Governance profiles with the aim of having a positive influence on society and the environment. In addition, exclusions are applied to companies relating to their level of involvement in arms manufacture, tobacco manufacture and gambling. The fund is majority UK equities, but also holds a significant proportion of global equities and may hold some money-market instruments and cash.
New Objective:
This fund aims to provide capital growth over the long-term, being five years or more, by investing in companies that have strong Environmental, Social and Governance profiles with the aim of having a positive influence on society and the environment. In addition, exclusions are applied to companies relating to their level of involvement in arms manufacture, tobacco manufacture and gambling. The fund is majority UK equities, but also holds a significant proportion of global equities and may hold some money-market instruments and cash.
New Objective:
This fund aims to provide capital growth over the long-term, being five years or more, by investing in companies that have strong Environmental, Social and Governance profiles with the aim of having a positive influence on society and the environment. In addition, exclusions are applied to companies relating to their level of involvement in arms manufacture, tobacco manufacture and gambling. The fund is majority UK equities, but also holds a significant proportion of global equities and may hold some money-market instruments and cash.
New Objective:
This fund aims to provide capital growth over the long-term, being five years or more, by investing in companies that have strong Environmental, Social and Governance profiles with the aim of having a positive influence on society and the environment. In addition, exclusions are applied to companies relating to their level of involvement in arms manufacture, tobacco manufacture and gambling. The fund is majority UK equities, but also holds a significant proportion of global equities and may hold some money-market instruments and cash.
New Objective:
This fund aims to provide capital growth over the long-term, being five years or more, by investing in companies that have strong Environmental, Social and Governance profiles with the aim of having a positive influence on society and the environment. In addition, exclusions are applied to companies relating to their level of involvement in arms manufacture, tobacco manufacture and gambling. The fund is majority UK equities, but also holds a significant proportion of global equities and may hold some money-market instruments and cash.
New Objective:
This fund aims to provide capital growth over the long-term, being five years or more, by investing in companies that have strong Environmental, Social and Governance profiles with the aim of having a positive influence on society and the environment. In addition, exclusions are applied to companies relating to their level of involvement in arms manufacture, tobacco manufacture and gambling. The fund is majority UK equities, but also holds a significant proportion of global equities and may hold some money-market instruments and cash.
Current TER: 0.08%
New TER: 0.13%
Current IMC: 0.70%
New IMC: 0.69%
Current TER: 0.14%
New TER: 0.15%
Current TER:0.11%
New TER: 0.17%
Current IMC: 0.64%
New IMC: 0.70%
Current TER: 0.08%
New TER: 0.15%
Current IMC: 0.83%
New IMC: 0.88%
Current IMC: 0.70%
New IMC: 0.76%
Current IMC: 1.30%
New IMC: 0.92%
Current TER: 2.05%
New TER: 1.67%
Current IMC: 0.85%
New IMC: 0.92%
Current TER: 1.85%
New TER: 1.92%
Current IMC: 0.85%
New IMC: 0.92%
Current TER: 1.95%
New TER: 2.02%
Current IMC: 0.85%
New IMC: 0.92%
Current TER: 1.60%
New TER: 1.67%
Current IMC: 7.59%
New IMC: 0.92%
Current TER: 8.59%
New TER: 1.92%
Current IMC: 7.50%
New IMC: 0.92%
Current TER: 17.14%
New TER: 10.56%
Current IMC: 7.50%
New IMC: 0.92%
Current TER: 8.50%
New TER: 1.92%
Current IMC: 1.29%
New IMC: 0.92%
Current TER: 2.04%
New TER: 1.67%
Current IMC: 0.59%
New IMC: 0.67%
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.
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 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 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 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 MSCI ACWI 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 worldwide. 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 MSCI ACWI 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 worldwide. There is no restriction on size, but investment tends to focus on larger companies, such as those included in the Index.
New objective:
The Fund aims to achieve capital growth over the long term (5 years or more). It also looks to outperform the MSCI ACWI 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 worldwide. There is no restriction on size, but investment tends to focus on larger companies, such as those included in the Index.
New objective:
The Fund aims to achieve capital growth over the long term (5 years, or more). It also looks to outperform the FTSE All-Share Index (the “Index”) over rolling 3-year periods, after the deduction of charges. The Fund is actively managed, and invests at least 90% of its assets in shares of companies listed on the London Stock Exchange; predominantly companies domiciled in the UK, or which have significant UK business operations. There is no restriction on size, but investment tends to focus on the larger companies 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 FTSE All-Share Index (the “Index”) over rolling 3-year periods, after the deduction of charges. The Fund is actively managed, and invests at least 90% of its assets in shares of companies listed on the London Stock Exchange; predominantly companies domiciled in the UK, or which have significant UK business operations. There is no restriction on size, but investment tends to focus on the larger companies included in the Index.
New objective:
The Fund aims to achieve capital growth over the long term (5 years, or more). It also looks to outperform the FTSE All-Share Index (the “Index”) over rolling 3-year periods, after the deduction of charges. The Fund is actively managed, and invests at least 90% of its assets in shares of companies listed on the London Stock Exchange; predominantly companies domiciled in the UK, or which have significant UK business operations. There is no restriction on size, but investment tends to focus on the larger companies included in the Index.
New objective:
The Fund aims to achieve capital growth over the long term (5 years, or more). It also looks to outperform the Russell 2500 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 American smaller 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.
OMR WS Guinness Global Energy
OMR WS T. Bailey Global Thematic Equity
OMR WS T. Bailey Multi-Asset Dynamic
Current TER: 0.91%
New TER: 0.87%
Old Share Class: Inst Acc
New Share Class: Inst W Acc
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.
Current TER: 1.05%
New TER: 0.73%
OMR LF Lancaster Global Equity Fund
On 15th August 2023, Liontrust announced a proposal to merge underlying Liontrust China Fund Fund with another one of their funds – Liontrust Emerging Markets Fund. This was voted on at Extraordinary General Meeting on 01/09/2023. We have now been advised by Liontrust, that Merger resolution has not passed during Extraordinary Meeting, therefore, the merger will not go effective on 08/09/2023 as they planned.
On 15th August 2023, Liontrust announced a proposal to merge underlying Liontrust China Fund Fund with another one of their funds – Liontrust Emerging Markets Fund. This is due to be voted on at Extraordinary General Meeting scheduled for 01/09/2023. If the Extraordinary Resolution is passed., the merging fund will be suspended from 04/09/2023 and the merger will become effective on 08/09/2023. The decision to merge the fund has been taken by Liontrust due the size of the merging fund which has reduced to a level which is uneconomical to run as standalone entity.
We don’t feel the above replacement fund would offer the same investment characteristics as investing specifically in Chinese assets. A significant proportion of the replacement fund that Liontrust chose is invested in assets listed on other emerging markets, which we feel contradicts the strategy of the closing fund.
We feel the First State Greater China Growth fund is a better choice for our customers as it retains those investment characteristics.
Therefore, if the merger resolution is passed, customers will be invested in the OMR First State Greater China Growth from 04/09/2023, however our systems may not show this change until at least a week following the conversion.
We will provide an update to customers invested shortly explaining what this means for them and what their options are.
Following full withdrawal of UK customers from OMR Carnegie Strategifond Fund we will be closing this fund with effect from 01/09/2023.
No investments in the Fund will be permitted from this date for UK customers.
Following notification from the manager of the underlying fund, the OMR QI Equity 2 will be closed to new business and switches in from 31 August 2023.
Existing investors in the Fund with regular premiums set up will be able to continue, however new investments in the Fund will no longer be permitted from this date.
New name: AXA ACT Framlington Clean Economy Fund
New name: OMR AXA ACT Framlington Clean Economy Fund
Default Replacement Fund: OMR EdenTree Responsible and Sustainable Managed Income Fund
Closing Fund TER: 1.52%
Default Replacement Fund TER: 0.96%
Objective of Default Replacement Fund:
The objective of the Fund is to prioritise income, with the aim of exceeding the yield of the FTSE 250 Mid-Cap Index, together with capital growth over the longer term, five years or more. The Manager will seek to achieve the investment objective by investing in a mix of equities, fixed-interest securities and cash equivalents. The Fund will maintain a bias towards equities of 60 – 85%.
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 Blackrock Absolute Return Bond Fund
Closing Fund TER: 0.82%
Default Replacement Fund TER: 0.81%
Objective of Default Replacement Fund:
The aim of the Fund is to provide a positive absolute return on your investment (i.e. an increase in the overall value of the Fund) (gross of fees) over any 12 month period regardless of market conditions. In order to seek to achieve its investment objective the Fund will use a variety of investment strategies and instruments to gain exposure to fixed income securities (i.e. bonds) and money market instruments (i.e. debt securities with short term maturities), issued by companies, governments, government agencies and supranationals worldwide. The Fund will seek to take long investment positions (i.e. buy an equity, bond or currency with the expectation that the asset will rise in value) and use derivatives (i.e. investments the prices of which are based on one or more underlying assets) to take long and short investment positions (i.e. buy or sell a derivative with the expectation that the underlying asset will rise or fall in value).
Current TER: 0.90875%
New TER: 1.11%
Current TER: 0.90875%
New TER: 1.06%
New Name: OMR abrdn Diversified Growth and Income Fund
New objective:
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. SONIA has been chosen as a proxy for the return on cash deposits. The fund invests globally in a range of asset classes, derivatives, 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.
New Name: OMR abrdn Diversified Growth and Income Fund (SDB)
New objective:
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. SONIA has been chosen as a proxy for the return on cash deposits. The fund invests globally in a range of asset classes, derivatives, 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.
New objective:
The Fund aims to provide:
– a growing level of income over any three year period; and
– capital growth of 2-4% per annum, net of the Ongoing Charge Figure, over any three year period.
There is no guarantee that the Fund will achieve its objective over this, or any other, period. The income distributions and the value of your investment may rise and fall and investors may not recoup the original amount they invested. 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 has three aims:
– To deliver an income stream that increases every year.
– To deliver a yield above that available from the MSCI ACWI Index over any fiveyear period.
– To deliver a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the MSCI ACWI Index over any five year period.
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 has three aims:
– To deliver an income stream that increases every year.
– To deliver a yield above that available from the MSCI ACWI Index over any fiveyear period.
– To deliver a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the MSCI ACWI Index over any five year period.
New objective:
The Fund has three aims:
– To deliver an income stream that increases every year.
– To deliver a yield above that available from the MSCI ACWI Index over any fiveyear period.
– To deliver a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the MSCI ACWI Index over any five year period.
New objective:
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 MSCI ACWI Index over any five year period.
The Fund will invest at least 80% of its Net Asset Value in the equity securities of companies across any sectors and market capitalisations that are domiciled in any country, including Emerging Markets.
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 Sub-Fund seeks to deliver positive returns on an annual basis after fees. The Sub-Fund aims to deliver returns before fees within a range of cash (SONIA (90-day compounded)) on a rolling 12-month basis and cash (SONIA (90-day compounded)) + 4% per annum on a rolling annualised five year basis. However a positive return is not guaranteed and a capital loss may occur.
The policy of the sub-Fund is to gain exposure through a dynamic allocation strategy to a range of asset classes including cash, near cash and deposits, fixed interest securities, equities, property, commodities and infrastructure. Exposure to these assets will be achieved through investment in transferable securities, derivatives, money market instruments, deposits, and collective investment schemes. Investment in property, commodities and infrastructure will be indirect. The Sub-Fund may also use derivatives to obtain long and short exposures. Subject to FCA Regulations, the relative exposure between these asset classes will be actively managed and will be varied as deemed necessary in order to achieve the investment objective, which may result in the Sub-Fund having no exposure to particular asset classes.
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 Trust aims to provide a total return, including both capital growth and dividend income (after fees have been deducted), in excess of the MSCI Europe ex UK Small Cap (Total Net Return) Index over a rolling five year period by investing in equity and equity related securities in Europe excluding the United Kingdom. The Trust will seek to achieve its Investment objective by investing at least 75% of its total assets directly and indirectly in equities and equity-related securities of smaller companies incorporated in, or exercising the predominant part of their economic activity in Europe. 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 Jupiter Global Macro Bd
New Objective: 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.
New name: Jupiter Global Macro Bond Fund
New Objective: 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.
New objective:
The objective of the Fund is to generate growth over the longer term (5 years or more) by investing in European smaller capitalisation equities (company shares).The Fund aims to achieve the return of
the FTSE Developed Europe Small Cap Index, plus 3% 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.
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 Corporate Bond Fund
Closing Fund TER: 0.77%
Default Replacement Fund TER: 0.77%
Objective of Default Replacement Fund: The objective of the Fund is to provide income with the prospect of capital growth, in order to achieve a return, net of fees, higher than the ICE BofA Sterling Non-Gilt Index over the long term (at least five years). The Fund will aim to achieve its investment objective by investing at least 70% of the Fund in fixed interest securities, as well as convertible bonds and preference shares, issued by companies based anywhere in the world and denominated in sterling or hedged back to 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.
Default Replacement Fund: L&G JupiterCorporate Bond Fund
Closing Fund TER: 0.35%
Default Replacement Fund TER: 0.35%
Objective of Default Replacement Fund: The objective of the Fund is to provide income with the prospect of capital growth, in order to achieve a return, net of fees, higher than the ICE BofA Sterling Non-Gilt Index over the long term (at least five years). The Fund will aim to achieve its investment oAbjective by investing at least 70% of the Fund in fixed interest securities, as well as convertible bonds and preference shares, issued by companies based anywhere in the world and denominated in sterling or hedged back to sterling.
We wrote over a year ago to let customers know that a number of funds they held with underlying investment in Russia had been suspended. The Barings Eastern Europe Fund (which we referred to as the OMR Barings Eastern Europe in our previous letter) was one of these funds.
The Fund Manager of the underlying fund, Barings, has decided to transfer the available assets, which weren’t linked to Russia, from this fund to a new fund called the Barings Eastern Europe II Fund. This new fund will not be suspended, therefore we will be able to add units back into policies for the equivalent value in the OMR Barings Eastern Europe, after which customers will be able to transact on this new fund.
Please note that because customers will still have some money invested in the original OMR Barings Eastern Europe Fund which holds Russia linked underlying assets, the existing restrictions on what they can and can’t do will still apply to this holding.
We are aiming to have all relevant payments calculated and made to customer plans by the end of July. A further letter will be issued once the payment has been made.
The Fund Manager (Fulcrum Asset Management LLP) has advised that they have closed the underlying fund that is held by the OMR Fulcrum Risk Premia Fund on 26/06/2023. As a result, the closing OMR fund will be closed to new business immediately. We will provide an update to customers invested shortly explaining what this means for them and what their options are.
Default Replacement Fund: OMR Stewart Investors Global Emerging Markets Sustainability Fund
Closing Fund TER: 1.47%
Default Replacement Fund TER: 1.47%
Objective of Default Replacement Fund: The Fund aims to achieve capital growth over the long-term (at least 5 years). The Fund invests in a diversified portfolio of equity or equity-related securities of companies that are incorporated or listed, or where a majority of their economic activities take place in Emerging Markets and which are listed, traded or dealt in on Regulated Markets worldwide. The Fund invests in quality companies which are positioned to contribute to, and benefit from, sustainable development. The Fund may invest up to 10% in other funds. The Fund will only use derivatives to reduce risk or to manage the Fund more efficiently in limited cases. The Fund is actively managed meaning that the Manager uses its expertise to pick investments rather than tracking the performance of a benchmark. The Fund’s performance is compared against the value of the MSCI Emerging Markets 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.
The closing fund will be closed to purchases and redemptions with effect from 07/07/2023.
Investment Objective paragraph change.
The Fund aims to provide income with the opportunity for capital growth (i.e., to grow the value of your investment) over 5 years. The Fund is actively managed and invests in a broad range of assets around the world (including in developed and emerging markets). These assets include the shares of companies, bonds (or similar debt-based assets) of borrowers, listed property securities (such as real estate investment trusts) and other alternative assets (such as investment trusts in infrastructure). Investments may be held directly in the asset itself (excluding commodities and property) or indirectly (e.g., using derivatives (financial contracts whose value is linked to the price of an underlying asset), exchange traded products and/or in funds). 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.
Investment Objective paragraph change.
The Fund aims to provide income with the opportunity for capital growth (i.e. to grow the value of your investment) over 5 years. The Fund is actively managed and invests in a broad range of assets around the world (including in developed and emerging markets). These assets include the shares of companies, bonds (or similar debt-based assets) of borrowers, listed property securities (such as real estate investment trusts) and other alternative assets (such as investment trusts in infrastructure). Investments may be held directly in the asset itself (excluding commodities and property) or indirectly (e.g., using derivatives (financial contracts whose value is linked to the price of an underlying asset), exchange traded products and/or in funds). 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.
Investment Objective paragraph change.
The Fund aims to provide income with the opportunity for capital growth (i.e., to grow the value of your investment) over 5 years. The Fund is actively managed and invests in a broad range of assets around the world (including in developed and emerging markets). These assets include the shares of companies, bonds (or similar debt-based assets) of borrowers, listed property securities (such as real estate investment trusts) and other alternative assets (such as investment trusts in infrastructure). Investments may be held directly in the asset itself (excluding commodities and property) or indirectly (e.g., using derivatives (financial contracts whose value is linked to the price of an underlying asset), exchange traded products and/or in funds). 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 in excess of the Tokyo Stock Exchange 1st Section (Net Total Return) index (after fees have been deducted) over a three to five year period by investing in equity and equity related securities of Japanese companies.
New objective:
The Fund aims to provide capital growth in excess of the Tokyo Stock Exchange 1st Section (Net Total Return) index (after fees have been deducted) over a three to five year period by investing in equity and equity related securities of Japanese companies.
To provide income with the prospect of capital growth, in order to achieve a return, net of fees, higher than the ICE BofA Sterling Non-Gilt Indexover the long term (at least five years). At least 70% of the Fund is invested in fixed interest securities issued by companies based anywhere in the world. Up to 30% of the Fund may be invested in other assets, including openended funds (including funds managed by Jupiter and its associates), cash and near 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 abrdn UK Sustainable and Responsible Investment Equity Fund
Closing Fund TER: 0.93%
Default Replacement Fund TER: 0.93%
Objective of Default Replacement Fund: The objective of the fund is to generate growth over the long term (5 years or more) by investing in UK equities (company shares), which adhere to the abrdn Sustainable and Responsible Investment Equity Approach. Fund aims to achieve the return of the FTSE All-Share Index plus 3% 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 ACD believes this is an appropriate target for the fund based on the investment policy of the fund and the constituents of the index. The fund will invest at least 70% in equities and equity related securities of companies, incorporated or domiciled in the UK or companies having significant operations and/or exposure to the UK. The fund may also invest in other funds (including those managed by abrdn), money-market instruments and cash.
Default Replacement Fund: abrdn MyFolio Multi-Manager III Fund
Closing Fund TER: 2.28%
Default Replacement Fund TER: 2.05%
Objective of Default Replacement Fund:
To generate growth over the long term (5 years or more) by investing in a diversified range of actively managed funds. The fund will invest at least 60% in actively managed funds, to obtain broad exposure to a range of diversified investments from a range of managers.
Default Replacement Fund: OMR abrdn MyFolio Multi-Manager III Fund
Closing Fund TER: 2.28%
Default Replacement Fund TER: 2.05%
Objective of Default Replacement Fund: To generate growth over the long term (5 years or more) by investing in a diversified range of actively managed funds. The fund will invest at least 60% in actively managed funds, to obtain broad exposure to a range of diversified investments from a range of managers.
Default Replacement Fund: OMR abrdn MyFolio Multi-Manager II Fund
Closing Fund TER: 2.28%
Default Replacement Fund TER: 2.05%
Objective of Default Replacement Fund: To generate growth over the long term (5 years or more) by investing in a diversified range of actively managed funds. The fund will invest at least 60% in actively managed funds, to obtain broad exposure to a range of diversified investments from a range of managers.
Default Replacement Fund: OMR abrdn MyFolio Multi-Manager V Fund
Closing Fund TER: 2.28%
Default Replacement Fund TER: 2.05%
Objective of Default Replacement Fund: To generate growth over the long term (5 years or more) by investing in a diversified range of actively managed funds. The fund will invest at least 60% in actively managed funds, to obtain broad exposure to a range of diversified investments from a range of managers.
The fund manager has decided to suspend the underlying fund with immediate effect. Contributions and withdrawls are not accepted by the fund manager from 15/06/2023. We will write to all impacted customers to explain what this means for them and what there options are.
Default Replacement Fund: OMR Invesco Perp Eur SM Co-Acc
Closing Fund IMC: 1.40%
Default Replacement Fund IMC: 1.19%
Objective of Default Replacement Fund: The objective of the Fund is to achieve long-term (5 years plus) capital growth. The Fund invests at least 80% of its assets in shares of smaller companies incorporated, domiciled, listed or carrying out the main part of their economic activity in Europe, excluding the UK. The Fund may use derivatives (complex instruments) to manage the Fund more efficiently, with the aim
of reducing risk, reducing costs and/or generating additional capital or income. 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: 0.81%
New TER: 0.67%
Current TER: 1.27%
New TER: 1.25%
Current TER: 0.81%
New TER: 0.67%
Current TER: 0.73%
New TER: 0.67%
Current TER: 0.61%
New TER: 0.57%
Current TER: 1.19%
New TER: 1.05%
New Objective: The Fund aims to provide income with the prospect of some capital growth over the long term (5 years, or more). It also looks to outperform the iBoxx GBP Corporates 1-5 Index (the “Index”) over rolling 3-year periods, after the deduction of charges. The Fund is actively managed, and invests at least two-thirds of its assets in investment grade corporate bonds with an effective maturity of 5 years or
less. The Fund may also invest in other bonds (including below investment grade corporate bonds, and government bonds) when considered appropriate to achieve its investment objective. The Index is regarded as an appropriate performance measure of sterling denominated investment grade corporate bonds with a maturity of between 1-5 years. It is broadly representative of the bonds in which the Fund invests
and provides a suitable target benchmark against which Fund performance will be measured and evaluated over time. 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: 0.27%
New TER: 0.23%
Current TER: 0.27%
New TER: 0.23%
New Name: OMR T. Bailey Global Thematic Equity Fund
New objective:
The Fund aims to provide capital growth in excess of the IA Global Sector average over Rolling Periods of 5 years (after charges).
Typically, at least 80% of the Fund will be invested in other collective investment vehicles, such as open-ended collective investment schemes, unit trusts, investment trusts (“funds”) and exchange-traded products (“ETPs”) which provide indirect exposure to global equities. Such funds may include those managed or operated by the Manager and its associates.
Through its investments in other funds and ETPs, the Fund may also be exposed to a range of other asset classes such as government and corporate debt, money market instruments, currencies, property, commodities, infrastructure, deposits, cash and near cash anywhere in the world.
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 T. Bailey Multi-Asset Dynamic Fund
New objective:
The Fund aims to outperform the Consumer Prices Index plus 3% per annum over Rolling Periods of 5 years (after charges). Although the Fund aims to outperform the Consumer Prices Index plus 3% per annum over Rolling Periods of 5 years, capital invested is, in fact, at risk and there is no guarantee that a positive return will be generated over that time period or any other time period.
Typically at least 80% of the Fund will be invested in a range of other collective investment vehicles, such as open-ended collective investment schemes, unit trusts, investment trusts (“funds”) and exchange-traded products (“ETPs”). The funds may include those managed or operated by the Manager and its associates.
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: 2.02%
New TER: 1.06%”
Current TER: 2.12%
New TER: 1.15%”
Current TER: 1.18%
New TER: 0.68%”
Current TER: 1.20%
New TER: 0.68%”
Current TER: 1.18%
New TER: 0.62%”
Old Share Class: A Acc
New Share Class: P Acc
Old Share Class: A Acc
New Share Class: P Acc
Old Share Class: A Acc
New Share Class: P Acc
Old Share Class: A Inc
New Share Class: P Inc
Old Share Class: A Acc
New Share Class: P Acc
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 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.
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. 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 objective of the Fund is to provide a return, through a combination of capital growth and income, net of fees, over the long term (at least five years). At least 70% of the Fund is invested in collective investment schemes. Up to 30% of the Fund may be invested in other assets, including shares of companies and cash and near cash. The Fund will have exposure (direct and/or indirect) of 40% to 85% (typically between 65% to 85%) to shares of companies. The Fund will aim to achieve it’s investment objective by investing at least 70% of the Fund in collective investment schemes, such as unit trusts, OEICs, SICAVs, exchange traded funds (ETFs) and closed or open-ended funds (which may include funds managed or operated by Jupiter or an associate of Jupiter).
New Objective:
The objective of the Fund is to provide a return, through a combination of capital growth and income, net of fees, over the long term (at least five years). At least 70% of the Fund is invested in collective investment schemes. Up to 30% of the Fund may be invested in other assets, including shares of companies and cash and near cash. The Fund will have exposure (direct and/or indirect) of 40% to 85% (typically between 65% to 85%) to shares of companies. The Fund will aim to achieve it’s investment objective by investing at least 70% of the Fund in collective investment schemes, such as unit trusts, OEICs, SICAVs, exchange traded funds (ETFs) and closed or open-ended funds (which may include funds managed or operated by Jupiter or an associate of Jupiter).
New Objective:
The objective of the Fund is to provide a return, through a combination of income together with the prospect of capital growth, net of fees, over the long term (at least five years). At least 70% of the Fund is invested in collective investment schemes. Up to 30% of the Fund may be invested in other assets, including shares of companies and cash and near cash. The Fund will have exposure (direct and/or indirect) of 20% to 60% (typically between 45% to 60%) to shares of companies. The Fund will aim to achieve it’s investment objective by investing at least 70% of the Fund in collective investment schemes, such as unit trusts, OEICs, SICAVs, exchange traded funds (ETFs) and closed or open-ended funds (which may include funds managed or operated by Jupiter or an associate of Jupiter).
New Objective:
The objective of the Fund is to provide a return, through a combination of income together with the prospect of capital growth, net of fees, over the long term (at least five years). At least 70% of the Fund is invested in collective investment schemes. Up to 30% of the Fund may be invested in other assets, including shares of companies and cash and near cash. The Fund will have exposure (direct and/or indirect) of 20% to 60% (typically between 45% to 60%) to shares of companies. The Fund will aim to achieve it’s investment objective by investing at least 70% of the Fund in collective investment schemes, such as unit trusts, OEICs, SICAVs, exchange traded funds (ETFs) and closed or open-ended funds (which may include funds managed or operated by Jupiter or an associate of Jupiter).
New Objective:
The objective of the Fund is to provide a return, through a combination of income together with the prospect of capital growth, net of fees, over the long term (at least five years). At least 70% of the Fund is invested in collective investment schemes. Up to 30% of the Fund may be invested in other assets, including shares of companies and cash and near cash. The Fund will have exposure (direct and/or indirect) of 20% to 60% (typically between 45% to 60%) to shares of companies. The Fund will aim to achieve it’s investment objective by investing at least 70% of the Fund in collective investment schemes, such as unit trusts, OEICs, SICAVs, exchange traded funds (ETFs) and closed or open-ended funds (which may include funds managed or operated by Jupiter or an associate of Jupiter). 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 objective of the Fund is to provide a return, through a combination of income together with the prospect of capital growth, net of fees, over the long term (at least five years). At least 70% of the Fund is invested in collective investment schemes. Up to 30% of the Fund may be invested in other assets, including shares of companies and cash and near cash. The Fund will have exposure (direct and/or indirect) of 20% to 60% (typically between 45% to 60%) to shares of companies. The Fund will aim to achieve it’s investment objective by investing at least 70% of the Fund in collective investment schemes, such as unit trusts, OEICs, SICAVs, exchange traded funds (ETFs) and closed or open-ended funds (which may include funds managed or operated by Jupiter or an associate of Jupiter).
New Objective:
The objective of the Fund is to provide a return, through a combination of capital growth and income net of fees, over the long term (five years). At least 70% of the Fund is invested in collective investment schemes. Up to 30% of the Fund may be invested in other assets, including shares of companies and cash and near cash. The Fund will have at least 80% exposure (direct and/or indirect) to shares of companies globally. The Fund will aim to achieve it’s investment objective by investing at least 70% of the Fund in collective investment schemes, such as unit trusts, OEICs, SICAVs, exchange traded funds (ETFs) and closed or open-ended funds (which may include funds managed or operated by Jupiter or an associate of Jupiter).
New Objective:
The objective of the Fund is to provide a return, through a combination of capital growth and income net of fees, over the long term (five years). At least 70% of the Fund is invested in collective investment schemes. Up to 30% of the Fund may be invested in other assets, including shares of companies and cash and near cash. The Fund will have at least 80% exposure (direct and/or indirect) to shares of
companies globally. The Fund will aim to achieve it’s investment objective by investing at least 70% of the Fund in collective investment schemes, such as unit trusts, OEICs, SICAVs, exchange traded funds (ETFs) and closed or open-ended funds (which may include funds managed or operated by Jupiter or an associate of Jupiter). 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 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.
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.
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.
Current TER: 1.36%
New TER: 1.24%
Current TER: 1.34%
New TER: 1.22%
Current TER: 1.34%
New TER: 1.22%
Current TER: 1.28%
New TER: 1.06%
Current TER: 1.34%
New TER: 1.22%
Default Replacement Fund: OMR HSBC FTSE All Share Index
Closing Fund TER: 0.32
Default Replacement Fund TER: 0.15
Objective of Default Replacement Fund:
The Fund aims to provide growth over the long term, which is a period of five years or more, by tracking the performance of the FTSE All-Share Index (the “Index”). To achieve its investment objective, the Fund will invest directly in shares (equities) of companies that make up the FTSE All-Share Index. The Fund may also invest in the following assets which are not part of the Index: – cash to manage day-to-day cash flow requirements; – units or shares of collective investment schemes, including collective investment schemes managed or operated by the HSBC Group in order to manage day-to-day cash flow requirements; – equity related securities such as American Depositary Receipts and Global Depositary Receipts (which are certificates typically issued by a bank or trust company evidencing ownership of shares of a non-US issuer) in order to achieve exposure to a stock instead of using a physical security. 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 Prof HSBC FTSE All Share Index
Closing Fund TER: 0.32
Default Replacement Fund TER: 0.15
Objective of Default Replacement Fund:
The Fund aims to provide growth over the long term, which is a period of five years or more, by tracking the performance of the FTSE All-Share Index (the “Index”). To achieve its investment objective, the Fund will invest directly in shares (equities) of companies that make up the FTSE All-Share Index. The Fund may also invest in the following assets which are not part of the Index: – cash to manage day-to-day cash flow requirements; – units or shares of collective investment schemes, including collective investment schemes managed or operated by the HSBC Group in order to manage day-to-day cash flow requirements; – equity related securities such as American Depositary Receipts and Global Depositary Receipts (which are certificates typically issued by a bank or trust company evidencing ownership of shares of a non-US issuer) in order to achieve exposure to a stock instead of using a physical security.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: 0.87%
New TER: 0.76%
New Name:Jupiter Merlin Conservative Select
New objective:
The objective of the Fund is to provide a return, through a combination of capital growth and income, net of fees, over the long term (at least five years). At least 70% of the Fund is invested in collective investment schemes, with typically between 40% to 70% and at least 25% in funds managed or operated by Jupiter or an associate of Jupiter. Up to 30% of the Fund may be invested in other transferable securities, cash and near cash. The Fund will have exposure (direct and/or indirect) of: (i) at least 60% to fixed interest securities; and (ii) up to 35% to shares of companies. The Fund will aim to achieve it’s investment objective by investing at least 70% of the Fund in collective investment schemes (such as unit trusts, OEICs, SICAVs, exchange traded funds (ETFs) and closed or open-ended funds) which may have exposure to shares of companies globally, fixed interest securities, derivatives (including for investment purposes), commodities or property.
New name: Jupiter Merlin Income and Growth Select
New objective:
The objective of the Fund is to provide a return, through a combination of income and capital growth, net of fees, over the
long term (at least five years). At least 70% of the Fund is invested in collective investment schemes, with typically between 40% to 70% and at least 25% in funds managed or operated by Jupiter or an associate of Jupiter. Up to 30% of the Fund may be invested in other transferable securities, cash and near cash. The Fund will have exposure (direct and/or indirect) of 40% to 85% (typically between 65% to 75%) to shares of companies. At least 25% of the Fund will (in aggregate) be invested directly or indirectly in i) shares issued by companies based in the UK and/or funds investing in such companies; and/or ii) transferable securities which are sterling-denominated or hedged back to sterling. The Fund may use derivative transactions for investment purposes. The Fund will aim to achieve it’s investment objective by investing at least 70% of the Fund globally in collective investment schemes and, exchange traded funds (ETFs) which give exposure to shares of companies, fixed interest debt securities, money market instruments, deposits and cash.
New name: OMR Jupiter Merlin Income and Growth Select
New objective:
The objective of the Fund is to provide a return, through a combination of income and capital growth, net of fees, over the long term (at least five years). At least 70% of the Fund is invested in collective investment schemes, with typically between 40% to 70% and at least 25% in funds managed or operated by Jupiter or an associate of Jupiter. Up to 30% of the Fund may be invested in other transferable securities, cash and near cash. The Fund will have exposure (direct and/or indirect) of 40% to 85% (typically between 65% to 75%) to shares of companies. At least 25% of the Fund will (in aggregate) be invested directly or indirectly in i) shares issued by companies based in the UK and/or funds investing in such companies; and/or ii) transferable securities which are sterling-denominated or hedged back to sterling. The Fund may use derivative transactions for investment purposes. The Fund will aim to achieve it’s investment objective by investing at least 70% of the Fund globally in collective investment schemes and, exchange traded funds (ETFs) which give exposure to shares of companies, fixed interest debt securities, money market instruments, deposits 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.
New objective:
This fund invests in UK Government issued fixed interest stocks (gilts) and directly held equities of the 100 largest companies traded on the London Stock Exchange.
New objective:
The UK Equity Index Fund is set up in such a way that its performance (before charges) aims to reflect that of an index that is an average of share prices of all companies on the London Stock Exchange with income reinvested.
New objective:
This fund primarily invests in a managed portfolio of North American equities, with exposure to both large and small companies. The fund aims to provide long-term capital growth. Volatility should be expected because of the type of investment, the foreign content and exchange rate fluctuations.
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.
The OMR Fidelity Emerging Europe Middle East & Africa fund invests in the Fidelity Emerging Europe Middle East & Africa, managed by Fidelity International (the Fund Manager). We previously notified investors in the OMR fund that this was suspended to purchases/new business last year as a result of the Ukraine and Russia conflict.
The Fund Manager has now advised us that they plan to re-open the non-Russia linked underlying assets of the fund fully. In order to do this, they will be setting up a new share class called the Fidelity Sustainable Emerging Markets Equity Fund, which will hold the non-Russian linked liquid assets. For investors in the OMR Fidelity Emerging Europe Middle East & Africa fund currently, this will mean that the fund you hold will change name to the OMR Fidelity Sustainable Emerging Markets Equity fund on or shortly after 29/03/2023. Additionally, the fund will be made fully open to purchases and sales at the same time. There will be no customer switch reflected on plans as the result of this change in underlying asset.
Following the conversion date policyholders will not be able to buy or sell shares in the Russian linked illiquid assets, as Fidelity International will take the necessary steps to close the underlying fund and sell these remaining assets when possible. In the current environment it is not possible to estimate how long this process might take to complete, or what the eventual value might be. Given that the Fund Manager is unable to accurately reflect a value of these assets currently, plans will not show any value held within these assets following the changes above.
A further letter to the policyholders will be issued shortly explaining what this means for them and what their options are.
New Share Class: Threadneedle Lux – European High Yield Bond 3G (GBP ACC)
Old TER: 0.97%
New TER: 0.79%
Default Replacement Fund: OMR Jupiter Global Emerging Markets Fund
Closing Fund TER: 1.21%
Default Replacement Fund TER: 1.06%
Objective of Default Replacement Fund: The objective of the fund is to seek to achieve asset growth through investment in a well diversified portfolio of equity securities of issuers in the Emerging Markets or of issuers established outside of the Emerging Markets, which have a predominant proportion of their assets or business operations in the Emerging Markets and which are listed, traded or dealt in on a Regulated Market worldwide. It is not proposed to concentrate investments in any one industry or sector.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.
Findlay Park Funds (the Fund Manager) will be changing the name of the shareclass that the Findlay Park American fund invests in.
Old Shareclass name: Findlay Park American Stg Unhgd GBP
New Shareclass name: Findlay Park American Class I GBP
New Name: OMR Jupiter Asia Pacific Income Fund (IRL)
New Objective: The objective of the Fund is to seek to achieve long term capital growth and income. Investors should be aware that there is no guarantee that the Fund will achieve its investment objective. The Fund will aim to achieve its investment objective by investing not less than 70 % of the Net Asset Value of the Fund in equity and equity related securities (“Equity and Equity Related Securities”) of issuers which (i) are incorporated, headquartered, listed or have their registered office in the Asia Pacific region (excluding Japan); or (ii) which have a predominant proportion of their assets or business operations in the Asia Pacific region (excluding Japan).
The Fund has no restrictions as to the proportion of assets allocated to emerging markets, companies of any particular market capitalisation and may invest across a range of economic sectors. Equity and Equity Related Securities shall include equities, depositary receipts, preference shares, equity linked notes (unleveraged debt securities linked to the performance of equities), warrants (not more than 5% of the Fund’s Net Asset Value), convertible securities (such as convertible preference shares, share purchase rights and bonds convertible into common or preferred shares).
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: L&G Pension Close Sustainable Select Fixed Income Fund
Closing Fund TER: 0.52
Default Replacement Fund TER: 0.52
Objective of Default Replacement Fund:
The investment objective of the fund is to generate income while maintaining its capital value over the medium term (i.e. more than 5 years). The Fund also seeks to maintain a weighted average carbon intensity (tonnes of Scope 1 and 2 CO2e per US$m of revenue) below a benchmark of the ICE BofA Global Corporate Index, targeting a level 50% below this benchmark by 2030 from 2019 baseline, and net zero by emissions by 2050.
Default Replacement Fund: L&G Life Close Sustainable Select Fixed Income Fund
Closing Fund TER: 0.52
Default Replacement Fund TER: 0.52
Objective of Default Replacement Fund: The investment objective of the fund is to generate income while maintaining its capital value over the medium term (i.e. more than 5 years). The Fund also seeks to maintain a weighted average carbon intensity (tonnes of Scope 1 and 2 CO2e per US$m of revenue) below a benchmark of the ICE BofA Global Corporate Index, targeting a level 50% below this benchmark by 2030 from 2019 baseline, and net zero by emissions by 2050.
New objective: The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the average return of the iBoxx Sterling Corporates GBP Index over any five-year period.
At least 70% of the Fund is invested, directly or indirectly through derivatives, in investment grade corporate debt securities including investment grade Asset-Backed Securities. These securities can be issued by companies from anywhere in the world, including Emerging Markets. These securities are denominated in Sterling or hedged back to Sterling.
New objective: The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the average return of the iBoxx Sterling Corporates GBP Index over any five-year period.
At least 70% of the Fund is invested, directly or indirectly through derivatives, in investment grade corporate debt securities including investment grade Asset-Backed Securities. These securities can be issued by companies from anywhere in the world, including Emerging Markets. These securities are denominated in Sterling or hedged back to 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.
New objective: The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the average return of the iBoxx Sterling Corporates GBP Index over any five-year period.
At least 70% of the Fund is invested, directly or indirectly through derivatives, in investment grade corporate debt securities including investment grade Asset-Backed Securities. These securities can be issued by companies from anywhere in the world, including Emerging Markets. These securities are denominated in Sterling or hedged back to Sterling.
New objective: The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the average return of the iBoxx Sterling Corporates GBP Index over any five-year period.
At least 70% of the Fund is invested, directly or indirectly through derivatives, in investment grade corporate debt securities including investment grade Asset-Backed Securities. These securities can be issued by companies from anywhere in the world, including Emerging Markets. These securities are denominated in Sterling or hedged back to Sterling.
New objective: The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the average return of the Bloomberg Global Treasury Index Unhedged USD over any five-year period.
At least 70% of the Fund is invested, directly or indirectly through derivatives, in investment grade debt securities. These securities can be issued or guaranteed by governments and their agencies, public authorities, quasi-sovereigns, and supranational bodies from anywhere in the world, including Emerging Markets. These securities can be denominated in any currency.
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 a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the average return of the iBoxx Sterling Corporates GBP Index, over any five-year period.
At least 70% of the Fund is invested, directly or indirectly through derivatives, in investment grade corporate debt securities including investment grade Asset-Backed Securities. These securities can be issued by companies from anywhere in the world, including Emerging Markets. These securities can be denominated in any currency.
New objective: The Fund aims to provide a higher total return (the combination of capital growth and income) net of the Ongoing Charge Figure, than the average return of the Bloomberg Global Aggregate Index Unhedged USD over any five-year period.
At least 80% of the Fund is invested, directly or indirectly through derivatives, in debt securities and in Asset-Backed Securities. These securities can be issued or guaranteed by governments and their agencies, public authorities, quasisovereigns, supranational bodies and companies from anywhere in the world, including Emerging Markets. These securities can be denominated in any currency.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 a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the average return of the composite index, over any five-year period. The composite index is made up of one third Bloomberg Global Treasury Index GBP Hedged, one third Bloomberg Global Aggregate Corporate Index GBP Hedged and one third Bloomberg Global High Yield Index GBP Hedged.
At least 50% of the Fund is invested, directly or indirectly through derivatives, in debt securities, including investment grade bonds, below investment grade unrated securities and ABS. These securities can be issued or guaranteed by governments and their agencies, public authorities, quasi-sovereigns, supranational bodies and companies from anywhere in the world, including Emerging Markets.These securities can be denominated in any currency. 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 a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the average return of the composite index, over any five-year period. The composite index is made up of one third Bloomberg Global Treasury Index GBP Hedged, one third Bloomberg Global Aggregate Corporate Index GBP Hedged and one third Bloomberg Global High Yield Index GBP Hedged.
At least 50% of the Fund is invested, directly or indirectly through derivatives, in debt securities, including investment grade bonds, below investment grade unrated securities and ABS. These securities can be issued or guaranteed by governments and their agencies, public authorities, quasi-sovereigns, supranational bodies and companies from anywhere in the world, including Emerging Markets.These securities can be denominated in any currency.
New objective: The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the average return of the composite index, over any five-year period. The composite index is made up of one third Bloomberg Global Treasury Index GBP Hedged, one third Bloomberg Global Aggregate Corporate Index GBP Hedged and one third Bloomberg Global High Yield Index GBP Hedged.
At least 50% of the Fund is invested, directly or indirectly through derivatives, in debt securities, including investment grade bonds, below investment grade unrated securities and ABS. These securities can be issued or guaranteed by governments and their agencies, public authorities, quasi-sovereigns, supranational bodies and companies from anywhere in the world, including Emerging Markets.These securities can be denominated in any currency.
New objective: The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the average return of the iBoxx Sterling Corporates GBP Index, over any five-year period.
At least 70% of the Fund is invested, directly or indirectly through derivatives, in investment grade corporate debt securities including investment grade Asset-Backed Securities. These securities can be issued by companies from anywhere in the world, including Emerging Markets. These securities can be denominated in any currency. 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 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.
The Fund Manager (Columbia Threadneedle) has advised that they will lift the current temporary dealing suspension on the underlying fund that is held by the OMR CT (Threadneedle) UK Property Auth Trust on 01/03/2023. As a result, policyholders will be able to transact on this fund from 02/03/2023.
A further letter to the policyholders will be issued shortly explaining what this means for them and what their options are.
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.
Default Replacement Fund: OMR CT Responsible UK Equity
Closing Fund TER: 1.40%
Default Replacement Fund TER: 1.21%
Objective of Default Replacement Fund: The Fund aims to achieve long-term capital growth with some income. The Fund invests only in assets which meet the Fund’s predefined ethical screening criteria. The Fund invests primarily in equities of UK companies. These are companies in any economic sector and of any market capitalisation that may be listed, quoted or traded in the UK or elsewhere but which are incorporated, domiciled or conduct a significant portion of their business in the UK.
The closing fund will be closed to new business immediately.
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: 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 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: 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.
Current TER: 1.31%
New TER: 1.26%
Current TER: 1.26%
New TER: 1.29%
Current TER: 1.36%
New TER: 1.23%
Current TER: 1.27%
New TER: 1.25%
Current TER: 1.31%
New TER: 1.20%
New objective:
This fund primarily invests in a managed portfolio of North American equities, with exposure to both large and small companies. The fund aims to provide long-term capital growth. Volatility should be expected because of the type of investment, the foreign content and exchange rate fluctuations.
New objective:
This fund primarily invests in a portfolio of North American equities and aims to provide long-term capital growth. Volatility should be expected because of the type of investment, the foreign content and exchange rate fluctuations.
New objective:
This fund primarily invests in a managed portfolio of North American equities, with exposure to both large and small companies. The fund aims to provide long-term capital growth. Volatility should be expected because of the type of investment, the foreign content and exchange rate fluctuations.
New objective:
This fund primarily invests in a managed portfolio of North American equities, with exposure to both large and small companies. The fund aims to provide long-term capital growth. Volatility should be expected because of the type of investment, the foreign content and exchange rate fluctuations.
New objective:
This fund primarily invests in a managed portfolio of North American equities, with exposure to both large and small companies. The fund aims to provide long-term capital growth. Volatility should be expected because of the type of investment, the foreign content and exchange rate fluctuations.
New objective:
This fund primarily invests in a portfolio of North American equities and aims to provide long-term capital growth. Volatility should be expected because of the type of investment, the foreign content and exchange rate fluctuations.
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 objective:
The objective of the Fund is to achieve capital growth delivering average annual investment returns (total returns, net of fees) of at least RPI + 2.5% 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, at least 55% of the assets of the Fund will typically be invested in shares. Such exposure may be achieved directly or indirectly via collective investment schemes managed by third party managers. The Fund is not restricted to this threshold and although it is expected that the threshold represents the typical allocation, the Fund may deviate from the threshold 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 name: OMR L&G Strategic Bond Fund
New name: ReAssure LG Strategic Bond Fund
We wrote several months ago to let customers know that a number of funds with underlying investment in Russia that they held had been suspended. The JPM Emerging Europe Equity Fund (which we referred to as the OMR JPM Emerging Europe Equity Fund in our previous letter) was one of these funds.
The Fund Manager of the underlying fund, JPM, has decided to transfer the available assets which weren’t linked to Russia from this fund to a new fund, called the JPM Emerging Europe Equity II Fund. This new fund will not be suspended, therefore we will be able to add units back into policies for the equivalent value in the OMR JPM Emerging Europe Equity II fund, after which customers will be able to transact on this new fund.
Please note that because customers will still have some money invested in the original JPM Emerging Europe Equity Fund, the existing restrictions on what they can and can’t do will still apply. You can read more about this in our previous letter (called ‘Russian-linked fund suspensions’) or at: reassure.co.uk/article/russian-funds.
We are aiming to have all relevant payments calculated and made to customer plans by the end of January. A further letter will be issued once the payment has been made.
Default Replacement Fund: OMR CT Responsible UK Equity
Closing Fund TER: 1.40%
Default Replacement Fund TER: 1.21%
Objective of Default Replacement Fund: The Fund aims to achieve long-term capital growth with some income. The Fund invests only in assets which meet the Fund’s predefined ethical screening criteria. The Fund invests primarily in equities of UK companies. These are companies in any economic sector and of any market capitalisation that may be listed, quoted or traded in the UK or elsewhere but which are incorporated, domiciled or conduct a significant portion of their business in the UK.
The closing fund will be closed to new business immediately.
Default Replacement Fund: OMR First Sentier Global Property Securities Fund
Closing Fund TER: 1.61%
Default Replacement Fund TER: 1.12%
Objective of Default Replacement Fund: The Fund aims to achieve an investment return from income and capital growth over the long term (at least five years). The Fund invests at least 70% of its Net Asset Value in a broad selection of equity or equity-related securities
issued by real estate investment trusts or companies that own, develop or manage real property located worldwide and which are listed, traded or dealt in on Regulated Markets worldwide.
We can confirm that we are expecting to receive a fourth payment from Aviva which we will be passing on to customers shortly after.
Those customers still invested in the impacted funds will have their payments added to their plans in the following replacement funds:
OMR Aviva UK Property Feeder > OMR abrdn UK Real Estate
OMR Prof Aviva UK Property Feeder > OMR Prof Deposit
Aviva Investors UK Prop Feeder (Life & Pension) > L&G Property Feeder
We will be issuing a letter to customers shortly after the units have been added to plans.
We expect to receive further payments in future and will provide further information when we do.
New objective:
The fund aims to provide income and capital growth in excess of the MSCI World (Net Total Return) Index (after fees have been deducted) over a 3 to 5 year period by investing in equities of companies worldwide. The Fund is actively managed and invests at least 80% of its assets in equity and equity related securities of companies worldwide which offer sustainable dividend payments. The Fund seeks to invest in a diversified portfolio of equity and equity related securities that (1) offer capital growth and income; and (2) whose dividend yield in aggregate is greater than the average market yield. Equities with below average dividend yield may be included in the portfolio when the investment manager considers that they have the potential to pay above average income in future. 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 this Fund is to achieve capital growth over the long term (5 years or more) and it aims to outperform the MSCI United Kingdom IMI (or any successor index). The fund will invest at least 80% in equities and equity related instruments in UK companies. From time to time, when particular opportunities are identified, or the ACD considers it appropriate, the Fund may invest in other permitted transferable securities. The fund will seek to invest in the full range of opportunities available to it, which will include shares on the AIM. The fund uses derivatives for efficient portfolio management and investment purposes. The use of derivatives is intended to be limited. The fund invests in companies in any economic sector that may be listed, quoted or traded in the UK or elsewhere but which are incorporated or domiciled or conduct a significant portion of their business in the UK. Some companies may however have overseas earnings as part of their trading profits. The fund may be invested in any industry sector.
New fund objective: The objective of the Fund is to track the performance of the FTSE World (ex UK) Index (the “Benchmark Index”) on a net total return basis before fees and expenses are applied. Therefore, the Fund’s performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors.
New fund objective: The objective of the Fund is to track the performance of the FTSE Japan Index (the “Benchmark Index”) on a net total return basis before fees and expenses are applied. Therefore, the Fund’s performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors.
New fund objective: The objective of the Fund is to track the performance of the MSCI World SRI Index (the “Benchmark Index”) on a net total return basis before fees and expenses are applied. Therefore, the Fund’s performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors.
New fund objective: The objective of the Fund is to track the performance of the FTSE World Asia Pacific ex Japan Index (the “Benchmark Index”) on a net total return basis before fees and expenses are applied. Therefore, the Fund’s performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors.
New fund objective: The objective of the Fund is to track the performance of the FTSE World Asia Pacific ex Japan Index (the “Benchmark Index”) on a net total return basis before fees and expenses are applied. Therefore, the Fund’s performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors.
New objective:
The objective of the Fund is to track the performance of the FTSE Actuaries UK Index Linked Gilt All Stock Index (the “Benchmark Index”) before fees and expenses are applied. Therefore, the Fund’s performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors. 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 objective of the Fund is to track the performance of the FTSE World (ex UK) Index (the “Benchmark Index”) on a net total return basis before fees and expenses are applied. Therefore, the Fund’s performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors. 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 objective of the Fund is to track the performance of the FTSE World Asia Pacific ex Japan Index (the “Benchmark Index”) on a net total
return basis before fees and expenses are applied. Therefore, the Fund’s performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors. 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 objective of the Fund is to track the performance of the FTSE Actuaries UK Conventional Gilts All Stocks Index (the “Benchmark Index”) before fees and expenses are applied. Therefore, the Fund’s performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors.
New objective:
The objective of the Fund is to track the performance of the FTSE Actuaries UK Index Linked Gilt All Stock Index (the “Benchmark Index”) before fees and expenses are applied. Therefore, the Fund’s performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors.
New objective:
The objective of the Fund is to track the performance of the FTSE World Europe ex UK Index (the “Benchmark Index”) on a net total return basis before fees and expenses are applied. Therefore, the Fund’s performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors.
New objective:
The objective of the Fund is to track the performance of the S&P Global 100 Index (the “Benchmark Index”) on a net total return basis before fees and expenses are applied. Therefore, the Fund’s performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors.
New objective:
The objective of the Fund is to track the performance of the FTSE Emerging Index (the “Benchmark Index”) on a net total return basis before fees and expenses are applied. Therefore, the Fund’s performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors.
New objective:
The objective of the Fund is to track the performance of the FTSE World (ex UK) Index (the “Benchmark Index”) on a net total return basis before fees and expenses are applied. Therefore, the Fund’s performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors.
New Objective:
The objective of the Fund is to track the performance of the FTSE World Index (the “Benchmark Index”) on a net total return basis before fees and expenses are applied. Therefore, the Fund’s performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors.
New objective:
The objective of the Fund is to track the performance of the FTSE World Europe ex UK Index (the “Benchmark Index”) on a net total return basis before fees and expenses are applied. Therefore, the Fund’s performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors.
The objective of the Fund is to track the performance of the Markit iBoxx Sterling Non-Gilts ex BBB (the “Benchmark Index”) before fees and expenses are applied. Therefore, the Fund’s performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors.
The objective of the Fund is to track the performance of the FTSE All Share Index (the “Benchmark Index”) on a net total return basis before fees and expenses are applied. Therefore, the Fund’s performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors.
The objective of the Fund is to track the performance of the FTSE All Share Index (the “Benchmark Index”) on a net total return basis before fees and expenses are applied. Therefore, the Fund’s performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors.
The objective of the Fund is to track the performance of the FTSE USA Index (the “Benchmark Index”) on a net total return basis before fees and expenses are applied. Therefore, the Fund’s performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors.
The objective of the Fund is to track the performance of the FTSE USA Index (the “Benchmark Index”) on a net total return basis before fees and expenses are applied. Therefore, the Fund’s performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors.
Default Replacement Fund: OMR Jupiter Merian North American Equity (OS)
Closing Fund TER: 1.13%
Default Replacement Fund TER: 0.97%
Objective of Default Replacement Fund: The objective of the fund is to seek to achieve long term capital growth through the active management of a diversified portfolio invested primarily in North American stock markets. It is not proposed to concentrate investments in any one industry or sector.
The closing fund will be closed to new business immediately.
Default Replacement Fund: OMR QI Asia Pc xJp LC Eq Inv
Closing Fund TER: 1.52%
Default Replacement Fund TER: 1.34%
Objective of Default Replacement Fund: The Fund aims to achieve capital growth and to outperform the MSCI All Countries Asia Pacific ex Japan Index, net of charges, over rolling five year periods. The Fund invests at least 80% of the value of its property in shares of companies that are listed, located or have a significant portion of their business in developed and emerging markets in Asia and Australasia, excluding Japan. Investment may be direct or indirect (e.g. through collective investment schemes or derivatives), however the ACD expects that the Fund will typically hold investments directly.
The closing fund will be closed to new business immediately.
Default Replacement Fund: OMR BNP Paribas Europe Equity
Closing Fund TER: 1.30%
Default Replacement Fund TER: 1.58%
Objective of Default Replacement Fund: Increase the value of its assets over the medium term by investing primarily in European equities.
The closing fund will be closed to new business immediately.
Default Replacement Fund: OMR BNP Paribas Europe Equity
Closing Fund TER: 1.22%
Default Replacement Fund TER: 1.58%
Objective of Default Replacement Fund: Increase the value of its assets over the medium term by investing primarily in European equities.
The closing fund will be closed to new business immediately.
Current TER: 1.47%
New TER: 1.39%
Current TER: 1.11%
New TER: 0.99%
The Fund Manager First Sentier has advised that they are closing the fund to all purchases with immediate effect whilst they complete the process of closing the fund. The decison to close the fund has been taken due to the value of assets held in the fund falling to a level at which it is not financially viable for Fund Manager to continue its management.
The fund is still open for redemptions, so customers are still able to withdraw and switch out of the fund until valuation point 24/01/2023.
The Fund will close on 25/01/2023. We will provide an update to customers invested shortly explaining what this means for them and what their options are.
The Fund Manager First Sentier has advised that they are closing the fund to all purchases with immediate effect whilst they complete the process of closing the fund. The decison to close the fund has been taken due to the value of assets held in the fund falling to a level at which it is not financially viable for Fund Manager to continue its management.
The fund is still open for redemptions, so customers are still able to withdraw and switch out of the fund until valuation point 24/01/2023.
The Fund will close on 25/01/2023. We will provide an update to customers invested shortly explaining what this means for them and what their options are.
Old Underlying Fund: HSBC Islamic Global Equity Index Y
New Underlying Fund: HSBC Islamic Global Equity Index (UCITS Common Contractual Fund)
Old TER: 1%
New TER: 1%
New Investment Objective: The investment objective of the Fund is to achieve capital growth over the long term. The Fund will track the performance of the Dow Jones Islamic Market Titans 100 Index (the “Index”), while minimising as far as possible the tracking error between the Fund’s performance and the performance of the Index. In addition, the Fund shall comply with Shariah Principles (as defined in the underlying fund’s prospectus) as interpreted and laid down by the Shariah Committee (as defined in the underlying fund’s prospectus) and provided to the Directors and the Investment Manager.
Old Underlying Fund: HSBC Islamic Global Equity Index Y
New Underlying Fund: HSBC Islamic Global Equity Index (UCITS Common Contractual Fund)
Old TER: 0.85%
New TER: 0.85%
New Investment Objective: The investment objective of the Fund is to achieve capital growth over the long term. The Fund will track the performance of the Dow Jones Islamic Market Titans 100 Index (the “Index”), while minimising as far as possible the tracking error between the Fund’s performance and the performance of the Index. In addition, the Fund shall comply with Shariah Principles (as defined in the underlying fund’s prospectus) as interpreted and laid down by the Shariah Committee (as defined in the underlying fund’s prospectus) and provided to the Directors and the Investment Manager.
Old Underlying Fund: HSBC Islamic Global Equity Index Y
New Underlying Fund: HSBC Islamic Global Equity Index (UCITS Common Contractual Fund)
Old TER: 0.75%
New TER: 0.75%
New Investment Objective: The investment objective of the Fund is to achieve capital growth over the long term. The Fund will track the performance of the Dow Jones Islamic Market Titans 100 Index (the “Index”), while minimising as far as possible the tracking error between the Fund’s performance and the performance of the Index. In addition, the Fund shall comply with Shariah Principles (as defined in the underlying fund’s prospectus) as interpreted and laid down by the Shariah Committee (as defined in the underlying fund’s prospectus) and provided to the Directors and the Investment Manager.
Old Underlying Fund: HSBC Islamic Global Equity Index Y
New Underlying Fund: HSBC Islamic Global Equity Index (UCITS Common Contractual Fund)
Old TER: 1%
New TER: 1%
New Investment Objective: The investment objective of the Fund is to achieve capital growth over the long term. The Fund will track the performance of the Dow Jones Islamic Market Titans 100 Index (the “Index”), while minimising as far as possible the tracking error between the Fund’s performance and the performance of the Index. In addition, the Fund shall comply with Shariah Principles (as defined in the underlying fund’s prospectus) as interpreted and laid down by the Shariah Committee (as defined in the underlying fund’s prospectus) and provided to the Directors and the Investment Manager.
New name: OMR BNY Mellon Asian Opportunities
As part of our responsibility to regularly review the funds available to our customers, we have decided to close the following funds and switch any current customers to the corresponding replacement funds. We have attempted to choose replacement funds with the same or similar risk rating as the original fund.
Customers can see which funds they are currently invested in within their most recent annual statement, and a confirmation letter will be sent to any customers impacted by the changes listed below following the event.
A pre-notification was sent to all customers and their advisers impacted by the closures in September this year.
Closing Fund Name Replacement Fund Name
abrdn Sterling Index-Linked Bond Vanguard UK Govt Bond Fund
Abs Insight UK Eqty Mkt Neutr PIMCO GIS Global (Sterling Hedged)
AL abrdn Sterling Index-Linked Bond GQSBAL Vanguard UK Govt Bond Fund GQSB
AL abrdn Sterling Index-Linked Bond PPB AL Vanguard UK Govt Bond Fund PPB
AL abrdn Sterling Index-Linked Bond PPB1 AL Vanguard UK Govt Bond Fund PPB1
AL Abs Insight UK Eqty Mkt Neutral GQSB PIMCO GIS Global (Sterling Hedged) GQSB
AL Abs Insight UK Eqty Mkt Neutral PPB PIMCO GIS Global (Sterling Hedged) PPB
AL Abs Insight UK Eqty Mkt Neutral PPB1 PIMCO GIS Global (Sterling Hedged) PPB1
AL Abs Insight UK Eqty Mkt Neutral PPBR PIMCO GIS Global (Sterling Hedged) PPBR
AL CT Global Equity PPB AL BNY Mellon Multi Asset Growth PPB
AL CT Global Equity PPB1 AL BNY Mellon Multi Asset Growth PPB1
AL Margetts Greystone Balanced Man GQSB AL Jupiter Merlin Balanced Pfolio GQSB
AL Margetts Greystone Cautious Man GQSB AL Investec Cautious Managed Fund GQSB
AL Margetts Greystone Global Growth GQSB Fundsmith Equity GQSB
BlackRock FI Opp (Sterling Hedged) GQSB Henderson Strategic Bond GQSB
BNY Mellon US Equity Income L&G US Index
BNY Mellon US Equity Income GWEB L&G US Index GWEB
BNY Mellon US Equity Income PPB L&G US Index PPB
BNY Mellon US Equity Income PPB1 L&G US Index PPB1
BNY Mellon US Equity Income PPBR L&G US Index PPBR
CT Global Equity Inc Fund 21 L&G Life BNY Mellon Global Income Fund
CT Global Equity Inc Fund 25 L&G Pension BNY Mellon Global Inc Fund
CT Global Equity Inc Fund LS4 L&G Life BNY Mellon Global Income Fund
CT Global Equity Inc Fund LS5 L&G Life BNY Mellon Global Income Fund
Edgewood L Select US Select Growth L&G US Index
Edgewood L Select US Select Growth GQSB L&G US Index GQSB
Edgewood L Select US Select Growth PPB L&G US Index PPB
Edgewood L Select US Select Growth PPB1 L&G US Index PPB1
Fidelity Emerging Markets Fund LS4 L&G Life Lazard Emerging Markets Fund
Fidelity Multi Asset Open Growth CF Seneca Diversified Growth
Fidelity MultiAsset Open Strategic Investec Cautious Managed Fund
First State Stewart Asia Focus Fund Hermes Asia ex Japan
First State Stewart Asia Focus Fund GQSB Hermes Asia ex Japan GQSB
First State Stewart Asia Focus Fund GWEB Hermes Asia ex Japan GWEB
First State Stewart Asia Focus Fund PPB Hermes Asia ex Japan PPB
First State Stewart Asia Focus Fund PPB1 Hermes Asia ex Japan PPB1
First State Stewart Asia Focus Fund PPBR Hermes Asia ex Japan PPBR
FTF Royce US Small Co Fund LS5 L&G Life JPMorgan US Fund
FTF Royce US Small Comps Fund L&G Life JPMorgan US Fund
FTF Royce US Small Cos Fund 2 L&G Life JPMorgan US Fund
FTF Royce US Smaller Co Fund L&G Pension JPMorgan US Fund
HSBC Global Distribution Fund LS5 L&G Life Jupiter Merlin Income Portfolio
Invesco Perpetual European Equity Henderson European Selected Opps
Invesco Perpetual European Equity GQSB AL Henderson European Selected Opps GQSB
Invesco Perpetual European Equity PPB AL Henderson European Selected Opps PPB
Invesco Perpetual European Equity PPB1 AL Henderson European Selected Opps PPB1
Invesco Perpetual Global Target Rtn BNY Mellon Multi Asset Div Return
Invesco Perpetual Global Target Rtn GQSB AL MM Managed Income GQSB
Janus Henderson MM Active Fund CT Managed Equity Fund 25
Janus Henderson MM Active Fund LS5 CT Managed Equity Fund 21
Janus Henderson MultiAsset Abs Rtn Fund abrdn Global Abs Return Strat 21
Janus Henderson MultiAst Abs Rtn F LS5 abrdn Global Abs Return Strat 21
Janus Henderson MultiAst Abs Rtn Fund abrdn Global Abs Return Strat 25
Jupiter Global Equity Fund LS4 L&G Life abrdn World Equity Fund
Jupiter UK Smaller Companies Fund 21 Investec UK Smaller Companies Fund 21
Jupiter UK Smaller Companies Fund 25 Investec UK Smaller Companies Fund 25
L&G European Index GQSB Black Rock European Dynamic FA Acc GQSB
L&G Life Fidelity Emerging Markets Fund L&G Life Lazard Emerging Markets Fund
L&G Life HSBC Global Distribution Fund L&G Life Jupiter Merlin Income Portfolio
L&G Life Investec UK Alpha Fund L&G Life Schroder UK Alpha Plus Fund
L&G Life Investec UK Alpha Fund LS4 L&G Life Schroder UK Alpha Plus Fund
L&G Life Janus Henderson MM Active Fund CT Managed Equity Fund 21
L&G Life Jupiter Global Equity Fund L&G Life abrdn World Equity Fund
L&G Life Schroder Recovery Fund L&G Life M&G Recovery Fund
L&G Life Schroder Recovery Fund LS5 L&G Life M&G Recovery Fund
L&G Pension Schroder Recovery Fund L&G Pension M&G Recovery Fund
L&G UK Index Lindsell Train UK Equity
L&G UK Index GQSB Lindsell Train UK Equity GQSB
L&G UK Index PPB Lindsell Train UK Equity PPB
L&G UK Index PPB1 Lindsell Train UK Equity PPB1
M&G Global Macro Bond Fund PIMCO GIS Global (Sterling Hedged)
M&G Global Macro Bond Fund GQSB PIMCO GIS Global (Sterling Hedged) GQSB
M&G Global Macro Bond Fund PPB PIMCO GIS Global (Sterling Hedged) PPB
M&G Global Macro Bond Fund PPB1 PIMCO GIS Global (Sterling Hedged) PPB1
New Capital Wealth Nations PIMCO GIS Global (Sterling Hedged)
New Capital Wealth Nations GQSB PIMCO GIS Global (Sterling Hedged) GQSB
New Capital Wealth Nations PPB PIMCO GIS Global (Sterling Hedged) PPB
New Capital Wealth Nations PPB1 PIMCO GIS Global (Sterling Hedged) PPB1
New Capital Wealth Nations PPBR PIMCO GIS Global (Sterling Hedged) PPBR
Pimco Glob GradeCredit (GBP Hedged) PIMCO GIS Global (Sterling Hedged)
Pimco Glob GradeCredit (GBP Hedged) GQSB PIMCO GIS Global (Sterling Hedged) GQSB
Pimco Glob GradeCredit (GBP Hedged) PPB PIMCO GIS Global (Sterling Hedged) PPB
Pimco Glob GradeCredit (GBP Hedged) PPB1 PIMCO GIS Global (Sterling Hedged) PPB1
Pimco Glob High Yield (GBP Hedged) PIMCO GIS Global (Sterling Hedged)
Pimco Glob High Yield (GBP Hedged) GQSB PIMCO GIS Global (Sterling Hedged) GQSB
Pimco Glob High Yield (GBP Hedged) GWEB PIMCO GIS Global (Sterling Hedged) GWEB
Pimco Glob High Yield (GBP Hedged) PPBR PIMCO GIS Global (Sterling Hedged) PPBR
Schroder European Alpha Plus Fund 21 Schroder European Opportunities Fund 21
Schroder European Alpha Plus Fund 25 Schroder European Recovery
Threadneedle Enhanced Commodities BlackRock Gold and General
Threadneedle Enhanced Commodities GQSB AL BlackRock Gold & General GQSB
UBAM Global HY High Yield Solution GQSB PIMCO GIS Global (Sterling Hedged) GQSB
New Fund Objective: The Fund Manager seeks to grow the Fund (through increases in investment value and income) in real terms over a rolling 5-year period after deducting fees and costs. To grow in real terms, the Fund must increase in value after outperforming the rate of inflation. We measure inflation using the Consumer Prices Index (CPI). There is no guarantee that the Fund will grow in real terms over 5-year rolling periods, or over any period, and there is a risk of loss. 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:
This fund primarily invests in a managed portfolio of North American equities, with exposure to both large and small companies. The fund aims to provide long-term capital growth. Volatility should be expected because of the type of investment.
Previous TER: 0.95%
New TER: 0.77%
Previous TER: 1.09%
New TER: 1.04%
Previous TER: 0.79%
New TER: 1.04%
Previous TER: 0.47%
New TER: 0.40%
Previous TER: 0.43%
New TER: 0.42%
Previous TER: 0.95%
New TER: 0.90%
Previous TER: 0.56%
New TER: 0.67%
Previous TER: 0.80%
New TER: 0.72%
Previous TER: 1.04%
New TER: 0.99%
Previous TER: 1.00%
New TER: 0.87%
Previous TER: 1.10%
New TER: 0.87%
Previous TER: 0.70%
New TER: 0.87%
Previous TER: 1.00%
New TER: 0.87%
Previous TER: 1.04%
New TER: 0.99%
Previous TER: 1.05%
New TER: 0.92%
Previous TER: 0.88%
New TER: 0.67%
Previous TER: 0.89%
New TER: 0.87%
Previous TER: 1.49%
New TER: 1.07%
Previous TER: 1.06%
New TER: 0.85%
New name: ReAssure LG Life MSCI World Socially Responsible Investment (SRI) Index
New objective: The objective of the Fund is to provide growth by tracking the performance of the MSCI World SRI Index, the “Benchmark Index”. This objective is after the deduction of charges and taxation. 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: ReAssure LG Pension MSCI World Socially Responsible Investment (SRI) Index
New objective: The objective of the Fund is to provide growth by tracking the performance of the MSCI World SRI Index, the “Benchmark Index”. This objective is after the deduction of charges and taxation. 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.
Investment Objective: The investment objective of the Fund is to outperform (net of fees) the FTSE World Europe ex UK Index (GBP, GDTR) over rolling 5 year periods from an actively managed portfolio. The Fund seeks to achieve its objective by investing, directly or indirectly, at least 80% of its assets in the securities of companies listed on European stock exchanges. The Fund may invest in stocks, American Depositary Receipts (“ADRs”) and other equity linked instruments including (without limitation) exchange traded or over the counter financial derivative instruments such as stock options, equity swaps and contracts for differences. The Fund may also invest in transferable money market securities (including certificates of deposit, commercial paper and bankers acceptances), fixed and floating rate government and corporate bonds, bonds convertible into common stock, preferred shares and other fixed income investments. The Fund may also hold ancillary liquid assets such as time deposits and may use currency transactions, including forward currency contracts, currency swaps and foreign currencies to alter the exposure characteristics of the transferable securities held by the Fund. 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.
Investment Objective: The investment objective of the Fund is to outperform (net of fees) the FTSE World Europe ex UK Index (GBP, GDTR) over rolling 5 year periods from an actively managed portfolio. The Fund seeks to achieve its objective by investing, directly or indirectly, at least 80% of its assets in the securities of companies listed on European stock exchanges. The Fund may invest in stocks, American Depositary Receipts (“ADRs”) and other equity linked instruments including (without limitation) exchange traded or over the counter financial derivative instruments such as stock options, equity swaps and contracts for differences. The Fund may also invest in transferable money market securities (including certificates of deposit, commercial paper and bankers acceptances), fixed and floating rate government and corporate bonds, bonds convertible into common stock, preferred shares and other fixed income investments. The Fund may also hold ancillary liquid assets such as time deposits and may use currency transactions, including forward currency contracts, currency swaps and foreign currencies to alter the exposure characteristics of the transferable securities held by the Fund. 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 Premier Monthly Income
Closing Fund TER: 1.16%
Default Replacement Fund TER: 1.19%
Objective of Default Replacement Fund: The objective of the fund is to provide an income together with capital growth over the long term, being five years or more. Five years is also the minimum recommended term for holding shares in this fund. This does not mean that the fund will achieve the objective over this, or any other, specific time period and there is a risk of loss to the original capital invested.
Old TER: 1.04%
New TER: 0.88%
Old TER: 1.04%
New TER: 0.95%
Old TER: 0.98%
New TER: 0.86%
Old TER: 0.96%
New TER: 0.99%
Old TER: 1.07%
New TER: 0.99%
Old TER: 0.99%
New TER: 0.92%
The Fund Manager (Columbia Threadneedle) has advised that they have suspended the underlying fund that is held by the OMR CT (Threadneedle) UK Property Auth Trust. As a result, we have suspended the OMR fund until further notice.
The suspension has been put in place on the underlying holding due to the level of cash in the Fund reducing to a level where future redemption requests would not be able to be met until an orderly sale of assets has completed. There has been no indication when the suspension will be lifted.
We will shortly be issuing a letter to all investors in the fund providing further information about the action we have taken and how this suspension will impact them.
Default Replacement Fund: L&G Mixed Investment 0-35% Fund
Closing Fund TER: 0.09%
Default Replacement Fund TER: 0.07%
Objective of Default Replacement Fund: The aim of the fund is to provide growth. The Fund aims to achieve capital growth in excess of the Bank of England base interest rate per annum, the “Benchmark”, before deduction of any charges over rolling three year periods. There is no guarantee that the manager will outperform the Benchmark in any period and capital invested in the Fund is at risk.
New Fund Objective: The Fund aims to provide capital growth over the long term (5 years or more) by investing in companies whose products and services are considered by the Investment Manager as contributing to positive environmental or social change and thereby have an impact on the development of a sustainable global economy. 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 Artemis UK Select (ex-M&G)
Closing Fund TER: 0.95%
Default Replacement fund TER: 0.95%
The closing fund will be suspended from 26 September 2022.
New name: OMR FTF Martin Currie UK Equity Income
New name: Liontrust UK Equity
New ACD: Liontrust Fund Partners LLP
New Share Class: W Accumulation
Old TER: 1.04%
New TER: 1.04%
New Name: OMR FTF Clearbridge US Value
New Share Class: W Accumulation
Old TER: 1.04%
New TER: 1.04%
New Share Class: W Accumulation
Old TER: 0.98%
New TER: 0.98%
New Share Class: W Accumulation
Old TER: 0.96%
New TER: 0.96%
New Share Class: W Accumulation
Old TER: 1.07%
New TER: 1.07%
New Name: OMR FTF Martin Currie Global Unconstrained
New Share Class: W Accumulation
Old TER: 0.99%
New TER: 0.99%
New Share Class: W Accumulation
Old TER: 1.02%
New TER: 1.02%
Default Replacement Fund: OMR JPM US Select
Closing Fund TER: 1.28%
Default Replacement Fund TER: 0.58%
Objective of Default Replacement Fund: To provide capital growth by investing in a portfolio of equity securities of US companies. At least 80% of assets invested in equities of companies that are domicled, or carrying out the main part of their economic activity, in the US.
This fund will be closed following receipt of the confirmation of the merger of the external fund managed by Allianz. Customers will be issued with letters outlining your options following the closure.
Default Replacement Fund: OMR Stewart Investors Global Emerging Markets Leaders
Closing fund TER: 1.02%
Default Replacement Fund TER: 1.2%
The closing fund has been suspended since March 2022. Once the proceeds from the closure have been received from the Fund Manager shortly after the closure date, each customer will receive units in the default replacement fund named above within 4 weeks equivalent to the value owed to each. This will be processed at the prices effective on the closure date.
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old TER: 1.26%
New TER: 0.77%
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old TER: 1.67%
New TER: 0.92%
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old TER: 1.18%
New TER: 0.85%
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old TER: 0.9%
New TER: 0.62%
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old TER: 1.26%
New TER: 0.92%
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old TER: 0.97%
New TER: 0.62%
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old TER: 1.08%
New TER: 0.77%
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old TER: 1.26%
New TER: 0.86%
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old TER: 1.26%
New TER: 0.83%
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old TER: 1.08%
New TER: 0.76%
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old TER: 1.13%
New TER: 0.87%
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old TER: 1.16%
New TER: 0.87%
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old TER: 1.04%
New TER: 0.77%
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old TER: 0.94%
New TER: 0.77%
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old TER: 0.9%
New TER: 0.61%
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old TER: 1.17%
New TER: 0.81%
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old TER: 0.81%
New TER: 0.58%
Old Share Class: A Accumulation
New Share Class: C Accumulation
New TER: 0.75%
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old Share Class: A Accumulation
New Share Class: C Accumulation
New TER: 0.82%
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old Share Class: A Accumulation
New Share Class: C Accumulation
Old Share Class: A Accumulation
New Share Class: C Accumulation
Switching to: Artemis UK Select Fund R Acc
Default Replacement Fund: OMR Allianz UK Listed Opportunities
Closing fund TER: 1.22%
Default Replacement Fund TER: 0.92%
Objective of Default Replacement Fund: The investment objective of the fund is to achieve capital growth, aiming to outperform (net of fees) the Target Benchmark, the FTSE All-Share Index Total Return GBP over a rolling five year period. 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 hold the new fund from 30/08/2022, however this may not be reflected on plans immediately.
Default Replacement Fund: OMR Liontrust UK Smaller Companies
Closing fund TER: 1.19%
Default Replacement Fund TER: 1.2%
New objective: The Fund aims to achieve a combination of income and capital growth and to outperform the ICE BofA Q9AX Custom Index, net of charges, over rolling five-year periods. The Fund invests at least 80% of the value of its property in a diversified range of Sterling-denominated (or hedged back to Sterling) investment grade and sub-investment grade debt securities issued by companies, banks, public entities and governments located in developed and emerging markets anywhere in the world. Investment may be direct or indirect (e.g. through collective investment schemes or derivatives). The Fund may hold up to 20% in contingent convertible bonds (CoCos). 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 a combination of income and capital growth and to outperform the ICE BofA Sterling Non-Gilt Index, net of charges, over rolling five-year periods. The Fund invests at least 80% of the value of its property in Sterling-denominated (or hedged back to Sterling) investment grade debt securities issued by companies located anywhere in the world. 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 Rathbone Global Opportunities
Closing Fund TER: 1.46%
Default Replacement fund TER: 1.06%
The closing fund will be suspended from 2 August 2022.
Switching to: Rathbone Global Opportunities Retail Accumulation
Default Replacement Fund: OMR Jupiter Global Equity Absolute Return
Closing Fund TER: 1.05%
Default Replacement fund TER: 1.1%
New fund name: abrdn Global Equity Fund
New fund name: abrdn Emerging Markets Equity Fund
New fund name: abrdn (AAM) UK Smaller Companies Fund
New fund name: abrdn Global Sustainable and Responsible Investment Equity Fund
New fund name: OMR abrdn Europe ex UK Equity Fund
New fund name: abrdn UK Equity Fund
New fund name: abrdn Asia Pacific Equity Fund
New fund name: OMR abrdn UK Income Equity Fund
New fund name: OMR abrdn European Smaller Companies Fund
New fund name: OMR abrdn American Equity Fund
New fund name: abrdn UK Real Estate Share Fund
New fund name: OMR abrdn Asia Pacific and Japan Equity Fund
New fund name: abrdn UK Sustainable and Responsible Investment Equity Fund
New fund name: abrdn Multi-Manager Cautious Managed Portfolio
New fund name: abrdn Multi-Manager Cautious Managed Portfolio
New fund name: OMR abrdn Sterling Short Term Government Bond Fund
New fund name: OMR abrdn Multi-Manager Equity Managed Portfolio
New fund name: OMR abrdn European Real Estate Share Fund
New fund name: OMR abrdn Corporate Bond Fund
New fund name: abrdn Sterling Inflation-Linked Bond Fund
New fund name: OMR abrdn Strategic Bond Fund
New fund name: abrdn Multi-Asset Fund
New fund name: OMR abrdn Diversified Income Fund
New fund name: abrdn Global Absolute Return Strategies Fund
New fund name: abrdn UK High Income Equity Fund
New fund name: OMR abrdn Multi-Manager Diversity Fund
New fund name: abrdn UK Smaller Companies Fund
New fund name: abrdn UK Real Estate Feeder Fund
New fund name: OMR abrdn UK Real Estate Feeder
New fund name: OMR abrdn Global Equity
New fund name: OMR abrdn Emerging Markets Equity Fund
New fund name: OMR abrdn Global Ethical Equity Fund
New fund name: OMR abrdn UK Equity
New fund name: OMR abrdn UK Real Estate Share
New fund name: OMR abrdn Multi-Manager Cautious Managed Portfolio
New fund name: OMR abrdn Multi-Manager Distribution Portfolio
New fund: OMR QI Sterling Corporate Bond Fund
TER of new fund: 0.97%
Customers will hold the new fund from 1st August, however this may not be relfected on plans immediately.
To allow this event to take place, the merging fund is currently suspended.
New Fund Name: LGIM Future World Inflation Sensitive Annuity Aware Fund
Name change to: Aegon UK Sustainable Opportunities Fund
New Investment Objective: The aim of this Fund is to provide long-term capital growth over a period of 5 years or more. The Fund invests in shares of listed companies which the Manager believes will provide above-average returns. 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.
The Manager invests in issuers of shares of listed companies which it believes have leading or improving environmental, social and governance (ESG) practices. These companies will either demonstrate leadership on sustainability issues (such as promoting better social outcomes, increasing the amount of renewable energy and using the planet’s resources more sustainably and increased digitalisation) through strong ESG practices (“leaders”) or will have shown a clear commitment to improve their ESG practices (“companies in transition”). The majority of the Fund’s equity investments (50% or more) will be in “leaders”. The Manager will actively engage on sustainability issues with a particular focus on “companies in transition”. When selecting shares, the Manager will also analyse a company’s financial status, quality of its management, expected profitability and prospects for growth.
Use may be made of borrowing, cash holdings, hedging and other investment techniques permitted in the applicable Financial Conduct Authority rules. The IA Mixed Investment 40-85% Shares Sector may be used by investors to compare the Fund’s performance. 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 Aegon UK Sustainable Opportunities
Name change to: AXA Managed Balanced Fund
New name: OMR AXA Framlington Global Sustainable Managed Fund
New Investment Objective: The aim of this Fund is to provide long-term capital growth over a period of 5 years or more. The Fund invests in shares of listed companies which the Manager believes will provide above-average returns. 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.
The Manager invests in issuers of shares of listed companies which it believes have leading or improving environmental, social and governance (ESG) practices. These companies will either demonstrate leadership on sustainability issues (such as promoting better social outcomes, increasing the amount of renewable energy and using the planet’s resources more sustainably and increased digitalisation) through strong ESG practices (“leaders”) or will have shown a clear commitment to improve their ESG practices (“companies in transition”). The majority of the Fund’s equity investments (50% or more) will be in “leaders”. The Manager will actively engage on sustainability issues with a particular focus on “companies in transition”. When selecting shares, the Manager will also analyse a company’s financial status, quality of its management, expected profitability and prospects for growth.
Use may be made of borrowing, cash holdings, hedging and other investment techniques permitted in the applicable Financial Conduct Authority rules. The IA Mixed Investment 40-85% Shares Sector may be used by investors to compare the Fund’s performance. 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 AXA Framlington (Staff) Global Sustainable Managed Fund
New Investment Objective: The aim of this Fund is to provide long-term capital growth over a period of 5 years or more. The Fund invests in shares of listed companies which the Manager believes will provide above-average returns. 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.
The Manager invests in issuers of shares of listed companies which it believes have leading or improving environmental, social and governance (ESG) practices. These companies will either demonstrate leadership on sustainability issues (such as promoting better social outcomes, increasing the amount of renewable energy and using the planet’s resources more sustainably and increased digitalisation) through strong ESG practices (“leaders”) or will have shown a clear commitment to improve their ESG practices (“companies in transition”). The majority of the Fund’s equity investments (50% or more) will be in “leaders”. The Manager will actively engage on sustainability issues with a particular focus on “companies in transition”. When selecting shares, the Manager will also analyse a company’s financial status, quality of its management, expected profitability and prospects for growth.
Use may be made of borrowing, cash holdings, hedging and other investment techniques permitted in the applicable Financial Conduct Authority rules. The IA Mixed Investment 40-85% Shares Sector may be used by investors to compare the Fund’s performance. 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 Gryphon East River
New name: OMR M&G UK Sustain Paris Aligned Fund
New Investment Objective:
The Fund has two aims:
• To provide a higher total return (capital growth plus income), net of the Ongoing Charge Figure, than the FTSE All-Share Index over any five year period; and
• To invest in companies that contribute towards the Paris Agreement climate change goal.
New name: OMR Liontrust European Dynamic Fund
Default Replacement Fund: OMR Stewart Investors Global Emerging Markets Leaders
Closing Fund TER: 1.59%
Default Replacement fund TER: 1.20%
The closing fund is already suspended, customers will be switched into the continuing fund from up to four weeks following the closure date.
New fund name: OMR CT Responsible UK Income Fund
New fund name: OMR CT MM Navigator Distribution Fund
Receieving fund: Stewart Investors Global Emerging Markets Leaders fund
New Fund Name: OMR CT UK Property Authorised Trust Retail Accumulation GBP
New Fund Name: OMR CT Managed Equity Fund Z Accumulation GBP
New Fund Name: OMR CT Managed Equity Fund Retail Accumulation GBP
New Fund Name: OMR CT Managed Equity Focused Fund Z Accumulation GBP
New Fund Name: OMR CT Managed Equity Focused Fund Retail Accumulation GBP
New Fund Name: OMR CT Managed Equity & Bond Fund Z Accumulation GBP
New Fund Name: OMR CT Global Select Fund Z Accumulation GBP
New Fund Name: OMR CT UK Equity Income Fund Z Accumulation GBP
New Fund Name: OMR CT UK Fund Z Accumulation GBP
New Fund Name: OMR CT Global Equity Income Fund Z Income GBP
New Fund Name: OMR CT UK Extended Alpha Fund Institutional Accumulation GBP
New Fund Name: OMR CT Sterling Corporate Bond Fund Retail Income GBP
New Fund Name: OMR CT Strategic Bond Fund Retail Income GBP
New Fund Name: OMR CT Latin America Fund Retail Accumulation GBP
New Fund Name: OMR CT American Fund Retail Accumulation GBP
New Fund Name: OMR CT American Smaller Companies Fund (US) Retail Accumulation GBP
New Fund Name: OMR CT UK Fund Retail Income GBP
New Fund Name: OMR CT American Select Fund Retail Accumulation GBP
New Fund Name: OMR CT Global Select Fund Retail Accumulation GBP
New Investment Objective: The Fund aims to track the performance of the FTSE World Asia Pacific exlcuding Japan Index (the “Index”) before the deductions of charges and tax.
New Investment Objective: The Fund aims to track the performance of the FTSE Japan Index (the “Index”) before the deductions of charges and tax.
New Investment Objective: The Fund aims to track the performance of the FTSE All-Share Index excluding UK Index (the “Index”) before the deductions of charges and tax.
New Investment Objective: The Fund aims to track performance of the FTSE 250 Index (the “Index”) before the deduction of charges and tax.
New Investment Objective: The Fund aims to track performance of the FTSE 100 Index (the “Index”) before the deduction of charges and tax.
New Investment Objective: The Fund aims to track the performance of the FTSE Developed Europe excluding UK Index (the “Index”) before the deductions of charges and tax.
New Investment Objective: The Fund aims to track the performace of the S&P 500 Index (“The Index”) before the deductions of charges and tax.
Default replacement fund: OMR L&G UK Property Feeder
Default replacement fund objective: The objective of the Fund is to achieve income and capital growth by investing solely in the Legal & General UK Property Fund (the “Master Fund”). While the Fund aims to be 100% invested in the Master Fund, it may hold cash where necessary to enable the making of payments to Unitholders or creditors. 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 Prof L&G UK Property Feeder
Default replacement fund objective: The objective of the Fund is to achieve income and capital growth by investing solely in the Legal & General UK Property Fund (the “Master Fund”). While the Fund aims to be 100% invested in the Master Fund, it may hold cash where necessary to enable the making of payments to Unitholders or creditors. 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: L&G Life UK Property Feeder
Default replacement fund objective: The objective of the Fund is to achieve income and capital growth by investing solely in the Legal & General UK Property Fund (the “Master Fund”). While the Fund aims to be 100% invested in the Master Fund, it may hold cash where necessary to enable the making of payments to Unitholders or creditors.
Default replacement fund: L&G Pension UK Property Feeder
Default replacement fund objective: The objective of the Fund is to achieve income and capital growth by investing solely in the Legal & General UK Property Fund (the “Master Fund”). While the Fund aims to be 100% invested in the Master Fund, it may hold cash where necessary to enable the making of payments to Unitholders or creditors.
Deafult replacement fund: OMR EAB Property Fund
Default replacement fund objective: The objective of the Fund is to achieve income and capital growth by investing solely in the Legal & General UK Property Fund (the “Master Fund”). While the Fund aims to be 100% invested in the Master Fund, it may hold cash where necessary to enable the making of payments to Unitholders or creditors. 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 Investment Objective: The objective of the Fund is to achieve long-term (5 years plus) capital growth. The Fund invests at least 80% of its assets in collective investment schemes (including funds managed by the Invesco group) which invest in a broad range of assets including shares of companies and corporate and government debt securities (which may be investment grade, non-investment grade and have no credit rating). The Fund may use derivatives (complex instruments) to manage the Fund more efficiently, with the aim of reducing risk, reducing costs and/or generating additional capital or income. The Fund invests in collective investment schemes (including funds managed by the Invesco group) which may use derivatives for investment purposes and/or to manage the fund more efficiently. 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 TER: 0.62%
New Investment Objective: The objective of the Fund is to achieve long-term (5 years plus) capital growth. The Fund invests at least 80% of its assets in collective investment schemes (including funds managed by the Invesco group) which invest in a broad range of assets including shares of companies and corporate and government debt securities (which may be investment grade, non-investment grade and have no credit rating). The Fund may use derivatives (complex instruments) to manage the Fund more efficiently, with the aim of reducing risk, reducing costs and/or generating additional capital or income. The Fund invests in collective investment schemes (including funds managed by the Invesco group) which may use derivatives for investment purposes and/or to manage the fund more efficiently. 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 TER: 0.62%
New name: OMR JPM Global Macro Sustainable Fund
New Investment Objective: The Fund aims to provide positive investment returns, before fees, over a rolling 3 year period in all market conditions by investing in securities globally in a portfolio that is positioned towards securities with positive ESG characteristics, globally using derivatives where appropriate. A positive return is not guaranteed over this or any time period and a capital loss may occur.
Old TER: 1.090%
New TER: 0.79%
New fund name: AL LF Liontrust Asset UK Equity GQSB
New fund name: LF Liontrust UK Equity Fund Z Class GWEB
New fund name: AL LF Liontrust Asset UK Equity PPB
New fund name: AL LF Liontrust Asset UK Equity PPB1
New fund name: AL LF Liontrust Asset UK Equity PPBR
New fund name: LF Liontrust Asset UK Equity
New fund name: LF Liontrust UK Equity Fund Z Class TGSB
New name: OMR Schroder Sustainable Future Multi-Asset Fund.
New Objective: The Fund aims to provide capital growth and income of the ICE BofA Sterling 3-Month Government Bill Index plus 3.5% per annum (before fees have been deducted) over a five to seven year period by investing in a diversified range of assets and markets worldwide which meet the Investment Manager’s sustainability criteria. This cannot be guaranteed and could change according to prevailing market conditions. Your capital is at risk. The Fund aims to achieve this with a target average annual volatility (a measure of how much the Fund’s returns may vary over a year) over a five to seven year period of between 50% to 67% of that of global stock markets (represented by the MSCI All Country World GBP hedged index).
New Objective: The Fund aims to provide an income in excess of 80% of the income generated by the MSCI ACWI High Dividend Yield Index (net return) over any 3 year period with the potential for capital growth over the long term (5 years or more).
Old Share Class: A Accumulation
New Share Class:R Accumulation
Old TER: 1.60%
New TER: 1.36%
New name: L&G Future World Sustainable UK Equity
New Objective: The objective of the Fund is to provide growth in excess of the FTSE All Share TR Net Index, the (“Benchmark Index”). The Fund aims to outperform the Benchmark Index by 2% per annum, before the deduction of charges and measured over rolling three year periods.
The Fund is actively managed and seeks to achieve this objective by investing at least 90% in shares of companies that the Investment Manager considers to offer sustainable investment opportunities through their contribution towards the United Nations Sustainable Development Goals (“UN SDGs”), have strong growth prospects and are incorporated, headquartered or have their principal business activities in the UK.
New name: L&G Future World Sustainable UK Equity
New Objective: The objective of the Fund is to provide growth in excess of the FTSE All Share TR Net Index, the (“Benchmark Index”). The Fund aims to outperform the Benchmark Index by 2% per annum, before the deduction of charges and measured over rolling three year periods.
The Fund is actively managed and seeks to achieve this objective by investing at least 90% in shares of companies that the Investment Manager considers to offer sustainable investment opportunities through their contribution towards the United Nations Sustainable Development Goals (“UN SDGs”), have strong growth prospects and are incorporated, headquartered or have their principal business activities in the UK.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by Fidelity that they are closing this fund to all purchases. This means customers are not able to pay into the fund whilst the suspension is in place.
The fund is still open for redemptions, so customers are still able to withdraw and switch out of the fund.
New name: L&G Pension Asian Income Fund G25
New Investment Objective: The objective of the fund is to provide income in excess of the income generated by the FTSE Asia Pacific ex-Japan TR Net Index, the “Benchmark Index”, measured before the deduction of any charges and over rolling five year periods, whilst aiming for capital growth over the long term (at least five years).
New Investment Objective: The objective of the fund is to provide income in excess of the income generated by the FTSE All Share TR Net Index, the “Benchmark Index”, measured before the deduction of any charges and over rolling five year periods, whilst aiming for capital growth over the long term (at least five years).
New Investment Objective: The objective of the fund is to provide income in excess of the income generated by the FTSE All Share TR Net Index, the “Benchmark Index”, measured before the deduction of any charges and over rolling five year periods, whilst aiming for capital growth over the long term (at least five years).
New Investment Objective: The objective of the fund is to provide income in excess of the income generated by the FTSE All Share TR Net Index, the “Benchmark Index”, measured before the deduction of any charges and over rolling five year periods, whilst aiming for capital growth over the long term (at least five years).
New Investment Objective: The objective of the fund is to provide income in excess of the income generated by the FTSE All Share TR Net Index, the “Benchmark Index”, measured before the deduction of any charges and over rolling five year periods, whilst aiming for capital growth over the long term (at least five years).
New Investment Objective: The objective of the fund is to provide income in excess of the income generated by the FTSE All Share TR Net Index, the “Benchmark Index”, measured before the deduction of any charges and over rolling five year periods, whilst aiming for capital growth over the long term (at least five years).
Receiving Fund: OMR Quilter Investors Cirilium Balanced Blend Portfolio
TER of receiving fund: 0.87%
Customers will hold the new fund from 14 March, however this may not be reflected on plans for up to 4 weeks after this date.
The merging fund will be suspended from 4 March to 15 March.
Receiving Fund: OMR EAB Quilter Investors Cirilium Balanced Blend Portfolio
TER of receiving fund: 1.00%
Customers will be switched to the new fund on 14 March 2022.
The merging fund will be suspended from 4 March.
Receiving Fund: OMR Prof Quilter Investors Cirilium Balanced Blend Portfolio
TER of receiving fund: 0.87%
Customers will be switched to the new fund on 14 March 2022.
The merging fund will be suspended from 4 March.
Default Replacement fund: OMR ASI Eastern European Equity
Closing fund TER: 1.50%
Default Replacement fund TER: 1.02%
The closing fund will be suspended from 4 March.
Default Replacement fund: OMR Deposit
Closing fund TER: 1.50%
Default Replacement fund TER: 0.11%
Following recent events in Ukraine and the volatile market conditions that have resulted, particularly in those assets linked to the Russian economy, we have been advised that the original default replacement fund for this closure, the OMR ASI Eastern Europe fund, has been suspended until further notice. Therefore we have taken the decision to return proceeds from this sale in the form of units in the OMR Deposit fund, shortly after receipt from Invesco.
Please note: the OMR Deposit fund is not intended as a long-term investment and it’s important that you review your investment and change as necessary.
New Fund: OMR Quilter Investors Cirilium Balanced Blend Portfolio
We previously wrote to customers that were subject to this merger, which included information regarding the Total Expense Ratio (TER) of the replacement fund. We incorrectly stated in the letter that the TER would reduce from 0.87% to 0.65%, however the TER has not changed as a result of the merger, and therefore remains at 0.87%.
We apologise for this error and any confusion that it may have caused.
New Fund: OMR Prof Quilter Investors Cirilium Balanced Blend Portfolio
We previously wrote to customers that were subject to this merger, which included information regarding the Total Expense Ratio (TER) of the replacement fund. We incorrectly stated in the letter that the TER would reduce from 0.87% to 0.65%, however the TER has not changed as a result of the merger, and therefore remains at 0.87%.
We apologise for this error and any confusion that it may have caused.
Old TER: 1.81%
New TER: 1.65%
Old TER: 1.88%
New TER: 1.65%
Old TER: 1.445%
New TER: 1.175%
Old TER: 1.345%
New TER:1.175%
Old TER: 1.345%
New TER:1.175%
Old TER: 1.425%
New TER: 1.175
Old TER: 1.9%
New TER: 1.65%
Old TER: 1.81%
New TER: 1.65%
New fund name: Artemis European Sustainable Growth Fund
The Fund Manager has advised that the suspension has been put in place whilst they complete the process of selling all the property assets held within the fund to a single buyer. The decision to sell these assets has been taken due to persistent outflows from the fund, and the expected continuation of this trend, which would adversely affect the overall performance of the fund in the longer term for its remaining investors. The Fund Manager believes that the sale of its assets in this way will deliver the best outcome for investors.
The Fund Manager cannot advise how long this sale process will take, however they expect to be able to release proceeds to investors at the end of April 2022. The suspension will be formally reviewed at least every 28 days.
The Fund Manager has advised that the suspension has been put in place whilst they complete the process of selling all the property assets held within the fund to a single buyer. The decision to sell these assets has been taken due to persistent outflows from the fund, and the expected continuation of this trend, which would adversely affect the overall performance of the fund in the longer term for its remaining investors. The Fund Manager believes that the sale of its assets in this way will deliver the best outcome for investors.
The Fund Manager cannot advise how long this sale process will take, however they expect to be able to release proceeds to investors at the end of April 2022. The suspension will be formally reviewed at least every 28 days.
The Fund Manager has advised that the suspension has been put in place whilst they complete the process of selling all the property assets held within the fund to a single buyer. The decision to sell these assets has been taken due to persistent outflows from the fund, and the expected continuation of this trend, which would adversely affect the overall performance of the fund in the longer term for its remaining investors. The Fund Manager believes that the sale of its assets in this way will deliver the best outcome for investors.
The Fund Manager cannot advise how long this sale process will take, however they expect to be able to release proceeds to investors at the end of April 2022. The suspension will be formally reviewed at least every 28 days.
The Fund Manager has advised that the suspension has been put in place whilst they complete the process of selling all the property assets held within the fund to a single buyer. The decision to sell these assets has been taken due to persistent outflows from the fund, and the expected continuation of this trend, which would adversely affect the overall performance of the fund in the longer term for its remaining investors. The Fund Manager believes that the sale of its assets in this way will deliver the best outcome for investors.
The Fund Manager cannot advise how long this sale process will take, however they expect to be able to release proceeds to investors at the end of April 2022. The suspension will be formally reviewed at least every 28 days.
The Fund Manager has advised that the suspension has been put in place whilst they complete the process of selling all the property assets held within the fund to a single buyer. The decision to sell these assets has been taken due to persistent outflows from the fund, and the expected continuation of this trend, which would adversely affect the overall performance of the fund in the longer term for its remaining investors. The Fund Manager believes that the sale of its assets in this way will deliver the best outcome for investors.
The Fund Manager cannot advise how long this sale process will take, however they expect to be able to release proceeds to investors at the end of April 2022. The suspension will be formally reviewed at least every 28 days.
The Fund Manager has advised that the suspension has been put in place whilst they complete the process of selling all the property assets held within the fund to a single buyer. The decision to sell these assets has been taken due to persistent outflows from the fund, and the expected continuation of this trend, which would adversely affect the overall performance of the fund in the longer term for its remaining investors. The Fund Manager believes that the sale of its assets in this way will deliver the best outcome for investors.
The Fund Manager cannot advise how long this sale process will take, however they expect to be able to release proceeds to investors at the end of April 2022. The suspension will be formally reviewed at least every 28 days.
The Fund Manager has advised that the suspension has been put in place whilst they complete the process of selling all the property assets held within the fund to a single buyer. The decision to sell these assets has been taken due to persistent outflows from the fund, and the expected continuation of this trend, which would adversely affect the overall performance of the fund in the longer term for its remaining investors. The Fund Manager believes that the sale of its assets in this way will deliver the best outcome for investors.
The Fund Manager cannot advise how long this sale process will take, however they expect to be able to release proceeds to investors at the end of April 2022. The suspension will be formally reviewed at least every 28 days.
Receiving fund: OMR Schroder UK Alpha Plus
TER of receiving fund: 1.3%
Investment Objective of receiving fund: The Fund aims to provide capital growth in excess of the FTSE All Share (Gross Total Return) index (after fees have been deducted) over a three tofive year period by investing in equity and equity related securities of UK companies.
Receiving fund: OMR Schroder UK Alpha Plus
TER of receiving fund: 1.3%
Investment Objective of receiving fund: The Fund aims to provide capital growth in excess of the FTSE All Share (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 UK companies.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by various Fund Managers that they are suspending a number of their funds.
This means that customers will not be able to make purchases and redemptions in the funds whilst the suspensions are in place. The manager of the underlying fund are keeping the suspension under continual review, however aren’t able to say how long the suspension will be in place for.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by various Fund Managers that they are suspending a number of their funds.
This means that customers will not be able to make purchases and redemptions in the funds whilst the suspensions are in place. The manager of the underlying fund are keeping the suspension under continual review, however aren’t able to say how long the suspension will be in place for.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by various Fund Managers that they are suspending a number of their funds.
This means that customers will not be able to make purchases and redemptions in the funds whilst the suspensions are in place. The manager of the underlying fund are keeping the suspension under continual review, however aren’t able to say how long the suspension will be in place for.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by various Fund Managers that they are suspending a number of their funds.
This means that customers will not be able to make purchases and redemptions in the funds whilst the suspensions are in place. The manager of the underlying fund are keeping the suspension under continual review, however aren’t able to say how long the suspension will be in place for.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by various Fund Managers that they are suspending a number of their funds.
This means that customers will not be able to make purchases and redemptions in the funds whilst the suspensions are in place. The manager of the underlying fund are keeping the suspension under continual review, however aren’t able to say how long the suspension will be in place for.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by various Fund Managers that they are suspending a number of their funds.
This means that customers will not be able to make purchases and redemptions in the funds whilst the suspensions are in place. The manager of the underlying fund are keeping the suspension under continual review, however aren’t able to say how long the suspension will be in place for.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by various Fund Managers that they are suspending a number of their funds.
This means that customers will not be able to make purchases and redemptions in the funds whilst the suspensions are in place. The manager of the underlying fund are keeping the suspension under continual review, however aren’t able to say how long the suspension will be in place for.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by various Fund Managers that they are suspending a number of their funds.
This means that customers will not be able to make purchases and redemptions in the funds whilst the suspensions are in place. The manager of the underlying fund are keeping the suspension under continual review, however aren’t able to say how long the suspension will be in place for.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by various Fund Managers that they are suspending a number of their funds.
This means that customers will not be able to make purchases and redemptions in the funds whilst the suspensions are in place. The manager of the underlying fund are keeping the suspension under continual review, however aren’t able to say how long the suspension will be in place for.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by various Fund Managers that they are suspending a number of their funds.
This means that customers will not be able to make purchases and redemptions in the funds whilst the suspensions are in place. The manager of the underlying fund are keeping the suspension under continual review, however aren’t able to say how long the suspension will be in place for.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by various Fund Managers that they are suspending a number of their funds.
This means that customers will not be able to make purchases and redemptions in the funds whilst the suspensions are in place. The manager of the underlying fund are keeping the suspension under continual review, however aren’t able to say how long the suspension will be in place for.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by various Fund Managers that they are suspending a number of their funds.
This means that customers will not be able to make purchases and redemptions in the funds whilst the suspensions are in place. The manager of the underlying fund are keeping the suspension under continual review, however aren’t able to say how long the suspension will be in place for.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by various Fund Managers that they are suspending a number of their funds.
This means that customers will not be able to make purchases and redemptions in the funds whilst the suspensions are in place. The manager of the underlying fund are keeping the suspension under continual review, however aren’t able to say how long the suspension will be in place for.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by various Fund Managers that they are suspending a number of their funds.
This means that customers will not be able to make purchases and redemptions in the funds whilst the suspensions are in place. The manager of the underlying fund are keeping the suspension under continual review, however aren’t able to say how long the suspension will be in place for.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by various Fund Managers that they are suspending a number of their funds.
This means that customers will not be able to make purchases and redemptions in the funds whilst the suspensions are in place. The manager of the underlying fund are keeping the suspension under continual review, however aren’t able to say how long the suspension will be in place for.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by various Fund Managers that they are suspending a number of their funds.
This means that customers will not be able to make purchases and redemptions in the funds whilst the suspensions are in place. The manager of the underlying fund are keeping the suspension under continual review, however aren’t able to say how long the suspension will be in place for.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by various Fund Managers that they are suspending a number of their funds.
This means that customers will not be able to make purchases and redemptions in the funds whilst the suspensions are in place. The manager of the underlying fund are keeping the suspension under continual review, however aren’t able to say how long the suspension will be in place for.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by various Fund Managers that they are suspending a number of their funds.
This means that customers will not be able to make purchases and redemptions in the funds whilst the suspensions are in place. The manager of the underlying fund are keeping the suspension under continual review, however aren’t able to say how long the suspension will be in place for.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by various Fund Managers that they are suspending a number of their funds.
This means that customers will not be able to make purchases and redemptions in the funds whilst the suspensions are in place. The manager of the underlying fund are keeping the suspension under continual review, however aren’t able to say how long the suspension will be in place for.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by various Fund Managers that they are suspending a number of their funds.
This means that customers will not be able to make purchases and redemptions in the funds whilst the suspensions are in place. The manager of the underlying fund are keeping the suspension under continual review, however aren’t able to say how long the suspension will be in place for.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by various Fund Managers that they are suspending a number of their funds.
This means that customers will not be able to make purchases and redemptions in the funds whilst the suspensions are in place. The manager of the underlying fund are keeping the suspension under continual review, however aren’t able to say how long the suspension will be in place for.
Due to the impact on local market conditions of the escalating conflict between Russia and Ukraine, we have been notified by various Fund Managers that they are suspending a number of their funds.
This means that customers will not be able to make purchases and redemptions in the funds whilst the suspensions are in place. The manager of the underlying fund are keeping the suspension under continual review, however aren’t able to say how long the suspension will be in place for.
New name: OMR Schroder Sustainable Bond Fund
New Investment Objective: The Fund aims to provide income and capital growth in excess of the ICE BofA Sterling 3-Month Government Bill index plus 2.5% (after fees have been deducted) over any three to five year period, by investing directly in fixed and floating rate securities issued by governments, government agencies and companies worldwide which meet the Investment Manager’s sustainability criteria.
New name: L&G Life Future World Sustainable UK Equity Focus Fund
New Investment Objective: The objective of the Fund is to provide growth in excess of the FTSE All Share TR Net Index,(the “Benchmark Index”). The Fund aims to outperform the Benchmark Index by 4% per annum, before the deduction of charges and measured over rolling three year periods.
New name: L&G Future World Sustainable UK Equity Focus Fund
New Investment Objective: The objective of the Fund is to provide growth in excess of the FTSE All Share TR Net Index,(the “Benchmark Index”). The Fund aims to outperform the Benchmark Index by 4% per annum, before the deduction of charges and measured over rolling three year periods.
New name: L&G Life Future World Sustainable UK Equity Fund
New Investment Objective: The objective of the Fund is to provide growth in excess of the FTSE All Share TR Net Index, the (“Benchmark Index”). The Fund aims to outperform the Benchmark Index by 2% per annum, before the deduction of charges and measured over rolling three year periods.
New name: L&G Future World Sustainable UK Equity Fund
New Investment Objective: The objective of the Fund is to provide growth in excess of the FTSE All Share TR Net Index, the (“Benchmark Index”). The Fund aims to outperform the Benchmark Index by 2% per annum, before the deduction of charges and measured over rolling three year periods.
Closing Fund: OMR FTF Western Asset Retirement Income Bond – Total Expense Ratio 0.44%
Default Replacement Fund: OMR ASI Strategic Bond – Total Expense Ratio 0.77%
The closing fund will be suspended from 31 January.
New name: L&G Life Active Sterling Corporate Bond Plus Fund
New objective: The objective of the Fund is to provide income and growth above those of the Markit iBoxx Sterling Corporate Bond Total Return Index (the “Benchmark Index”). The Fund aims to outperform the Benchmark Index by 1.00% per annum. This objective is before the deduction of any charges and measured over rolling three year periods.
The fund was incorrectly noted as suspended when policies came to ReAssure from Old Mutual. The fund is available for new investment and the online information has been updated.
Old Share Class: U1 Accumulation
New Share Class: L Accumulation
The fund will be suspended from 21 January to enable the conversion to take place. The suspension will be lifted following completion of the conversion.
The TER (0.65%) of the fund will not change as a result of the conversion.
Old Share Class: U1 Accumulation
New Share Class: L Accumulation
The fund will be suspended from 21 January to enable the conversion to take place. The suspension will be lifted following completion of the conversion. The fund will be closed to new business following the conversion.
The TER (0.65%) of the fund will not change as a result of the conversion.
Closing Fund: OMR Quilter Investors Strategic Bond – Total Expense Ratio 0.65%
Default Replacement Fund: OMR Aegon Strategic Bond – Total Expense Ratio 0.6%
The closing fund will be suspended from 19 January.
Closing Fund: OMR Quilter Investors Global Property Securities – Total Expense Ratio 1.42%
Default Replacement Fund: OMR Schroder Global Cities Real Estate – Total Expense Ratio 1.31%
The closing fund will be suspended from 19 January.
Closing Fund: OMR EAB Quilter Investors Strategic Bond – Total Expense Ratio 1%
Default Replacement Fund: OMR EAB Aegon Strategic Bond – Total Expense Ratio 1%
The closing fund will be suspended from 19 January.
Closing Fund: OMR EAB Quilter Investors Global Property Securities – Total Expense Ratio 1.25%
Default Replacement Fund: OMR EAB Schroder Global Cities Real Estate – Total Expense Ratio 1.25%
The closing fund will be suspended from 19 January.
Closing Fund: OMR Barings Strategic Bond – Total Expense Ratio 1.06%
Default Replacement Fund: OMR Invesco Global Bond – Total Expense Ratio 0.94%
The closing fund will be suspended from 17 January.
Old TER: 1.31%
New TER: 1.14%
Old Share Class: R Accumulation
New Share Class: I Accumulation
Old TER: 1.34%
New TER: 0.97%
New name: OMR Premier Responsible UK Eq
New fund name: Premier Miton Responsible UK Equity
New fund objective: The objective of the Fund is to provide capital growth over the long-term, being five years or more. Five years is also the minimum recommended period for holding shares in this Fund. This does not mean that the Fund will achieve the objective over this, or any other, specific time period and there is a risk of loss to the original capital in vested.
New fund objective: The objective of the Fund is to provide capital growth over the long-term, being five years or more. Five years is also the minimum recommended period for holding shares in this Fund. This does not mean that the Fund will achieve the objective over this, or any other, specific time period and there is a risk of loss to the original capital invested.
Receiving fund – OMR M&G European Sustain Paris Aligned
Receiving fund – OMR Schroder Blended Portfolio 6
Receiving fund – OMR Ninety One Global Return Credit
New fund name: OMR BNY Mellon Sustainable European Opportunities
New fund objective: The Sub-Fund is actively managed and invests at least 75% of its assets in a concentrated portfolio of equities (company shares) issued by continental European companies, including ordinary shares, preference shares and other equity-related securities that meet the Investment Manager’s sustainability criteria, where environmental, social, governance (“ESG”) considerations are an integral part of the criteria. Continental European companies are defined as those that are either domiciled, incorporated or which have significant business in continental Europe (excluding the UK). The Sub-Fund may invest up to 25% of its assets in companies domiciled, incorporated or that have significant business outside of continental Europe, which may include the UK. The Investment Manager focuses on identifying companies that demonstrate sustainable business practices and an ability to generate returns consistent with the Sub-Fund’s objective. Sustainable business practices are those which positively manage the material impacts of a company’s operations and products on the environment and society.
New fund name: OMR BNY Mellon UK Sustainable Opportunities
New fund objective: The Sub-Fund is actively managed and invests at least 70% of its assets in a concentrated portfolio of equities (company shares) issued by UK companies, including ordinary shares, preference shares and other equity-related securities that meet the Investment Manager’s sustainability criteria, where environmental, social, governance (“ESG”) considerations are an integral part of the criteria. UK companies are defined as those that are either domiciled, incorporated or which have significant business in the UK. The Investment Manager focuses on identifying companies that demonstrate sustainable business practices and an ability to generate returns consistent with the Sub-Fund’s objective. Sustainable business practices are those which positively manage the material impacts of a company’s operations and products on the environment and society.
Old fund: OMR Barings Japan Growth Trust – Total Expense Ratio 1.26%
New fund: OMR JPM Japan – Total Expense Ratio 1.25%
New fund name: OMR JPM Europe (Ex-UK) Sustainable Equity
New fund objective: The Fund aims to provide capital growth over the long-term (5-10 years) by investing at least 80% of the Fund’s assets in the shares of European Sustainable Companies (excluding the UK) in any economic sector, or companies that demonstrate improving sustainable characteristics. Sustainable Companies are those that the Investment Manager believes to have effective governance and superior management of environmental and social issues (sustainable characteristics).
At least 80% of assets invested in equities of Sustainable Companies, or companies that demonstrate improving sustainable characteristics, that are domiciled, or carrying out the main part of their economic activity, in a European country (excluding the UK).
New fund objective: The Fund aims to provide income with the potential to grow the amount you invested over the medium to long term.
The Fund invests at least two-thirds of its assets in below investment grade bonds (which are similar to a loan and pay a fixed or variable interest rate) priced in Euros or British Pounds and issued by companies in Europe, including the UK, or companies that have significant operations there. Bonds rated as below investment grade are bonds that have received lower ratings from international agencies that provide such ratings. These bonds are considered riskier than higher rated bonds but typically pay a higher income.
The Fund may also invest in asset classes and instruments different from those stated above.
The Fund is actively managed in reference to the ICE BofA European Currency High Yield Excluding Subordinated Financials Constrained Index. The index is broadly representative of the securities in which the Fund invests, and provides a suitable target benchmark against which Fund performance will be measured and evaluated over time. The Fund promotes environmental and social characteristics by aiming to compare favourably against the index over rolling 12-month periods when assessed according to the Columbia Threadneedle ESG (environmental, social and governance) Materiality Rating. The index is not designed to specifically consider environmental or social characteristics. The fund manager has discretion to select investments with weightings different to the index, and that are not in the index, and the Fund may display significant divergence from the index.
The Fund also aims to exclude companies that breach accepted international standards and principles (e.g. the United Nations Global Compact) unless the fund manager believes that there are tangible mitigating factors for the company to be held.
Receiving fund – OMR Standard Life UK Real Estate Feeder
New fund name: OMR IFSL Marlborough Balanced
New ACD: Investment Fund Services Ltd (IFSL)
New fund name: OMR IFSL Marlborough Cautious
New ACD: Investment Fund Services Ltd (IFSL)
New fund name: OMR IFSL Marlborough Multi-Cap Income
New ACD: Investment Fund Services Ltd (IFSL)
New fund name: OMR IFSL Marlborough Multi-Cap Growth
New ACD: Investment Fund Services Ltd (IFSL)
New fund name: OMR IFSL Marlborough Special Situations
New ACD: Investment Fund Services Ltd (IFSL)
Receiving fund : – OMR Threadneedle UK
Closing fund – OMR ASI Target Return Bond – Total Expense Ratio 0.77%
New fund – OMR BlackRock Absolute Return Bond – Total Expense Ratio 0.80%
New Fund Name: OMR EdenTree Responsible and Sustainable Managed Income
New Fund Name: OMR Schroder Income Portfolio
New Objective:
The underlying 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 underlying 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). This is not guaranteed and could change depending on market conditions. New TER: 0.84%
Receiving Fund: OMR Liontrust Japan Equity
New Fund Name: OMR Liontrust Global Innovation
JPMorgan Life Limited will be closing each of its life funds by Friday 15 October 2021 and will then wind-up the company itself.
Fund changes
The Annual Management Charge (AMC) is included in the total charge you pay, so there will be no change to the charges you pay.
Closing fund objective:
The JPMorgan Life Global Dynamic Fund (the ‘Fund’) is a pooled life fund for pension schemes investing primarily in global equities. The Fund seeks to achieve excess return through style analysis and stock selection. The Fund is well diversified, typically holding 200300 stock positions and under normal circumstances, is fully invested. Target excess return over 3 years: 3% per annum (gross of fees). Target tracking error: Long-term average of 4%-7%.
Replacement fund: Global Equity
Replacement fund objective:
This Fund aims to offer investors the opportunity to grow their money by investing in the world’s major stock markets. This Fund seeks to invest in a wide range of companies from around the world using an investment process called MERIT (Multi-Factor Enhanced Return Investment Technique). This investment process seeks to invest in a wide range of companies that combine both attractive valuations and positive corporate earnings and price momentum signals. This process involves assessing a number of financial measures for each company to identify which companies look cheap (or undervalued) relative to their peer companies.
Investments in company shares (also known as equities) generally carry a higher investment (or capital) risk than cash, fixed interest or property investments.
JPMorgan Life Limited will be closing each of its life funds by Friday 15 October 2021 and will then wind-up the company itself.
Fund changes
The Annual Management Charge (AMC) is included in the total charge you pay, so there will be no change to the charges you pay.
Closing fund objective:
The JPMorgan Life US Equity Fund (the ‘Fund’) is a pooled life fund for pension schemes investing primarily in US equities, either directly or through other funds. The Fund seeks to achieve excess return through stock selection. Normally the Fund only invests in equities issued by companies that are listed, and primarily traded, in the USA. The Fund is well diversified and under normal circumstances, is fully invested, with cash holdings kept to a minimum. Target excess return over a full market cycle: 35 years: 2% per annum (gross of fees). Target tracking error: Long-term average of 3%-6%.
Replacement fund: North American Equity Index Tracker
Replacement fund objective:
This fund primarily invests in a portfolio of European equities, excluding the UK, and aims to provide long-term capital growth. Volatility should be expected because of the type of investment.
JPMorgan Life Limited will be closing each of its life funds by Friday 15 October 2021 and will then wind-up the company itself.
Fund change
The Annual Management Charge (AMC) is included in the total charge you pay, so there will be no change to the charges you pay.
Closing fund objective:
The JPM Life UK Specialist Equity fund aims to achieve capital growth by investing in the shares of UK companies. Its target is to outperform index that represents UK companies on the London Stock Exchange by 2% a year over 3 years before fees are taken into account. The fund looks to spread investment risk by investing in a wide range of UK companies in different sectors of the market. The investment team focuses on stocks that have specific growth value characteristics as experience has shown that holding both growth and value stocks in a portfolio can lead to more consistent out performance over the longer term.
Replacement fund: JPMorgan Fund ICVC – JPM Equity Core Fund
Replacement fund objective:
To provide capital growth and outperform the FTSE™ All-Share Index (Net)over the long-term, after fees, by investing at least 80% of the Fund’s assets in a portfolio of UK companies
JPMorgan Life Limited will be closing each of its life funds by Friday 15 October 2021 and will then wind-up the company itself.
Fund change
The Annual Management Charge (AMC) is included in the total charge you pay, so there will be no change to the charges you pay.
Closing fund objective:
The JPMorgan Life All Emerging Markets Equity Fund (the ‘Fund’) is a pooled life fund for pension schemes investing primarily in emerging markets equities and may have exposure to smaller companies on an ancillary basis, either directly or through other funds. The Fund is well diversified and under normal circumstances, is fully invested, with cash holdings kept to a minimum. Normally the Fund only invests in the JPM Emerging Markets Fund, a UK authorised open-ended investment company. Target excess return over 3 years: 3% per annum (gross of fees). Target tracking error: Long-term average of 4%+.
Replacement fund: JPM Emerging Markets Fund
Replacement fund objective:
To provide long term capital growth by investing primarily in equity securities of emerging markets companies.
JPMorgan Life Limited will be closing each of its life funds by Friday 15 October 2021 and will then wind-up the company itself.
Fund change
The Annual Management Charge (AMC) is included in the total charge you pay, so there will be no change to the charges you pay.
Closing fund objective:
The JPMorgan Life Diversified Growth Fund is a pooled life fund for pension schemes. The Fund aims to maximise long-term capital growth for clients by investing directly in a diversified mix of asset classes including global equities, property, absolute return funds, high yield bonds, private equity and commodities. The Fund may also hold derivatives. The Fund is well diversified and, under normal circumstances, is fully invested, with cash holdings kept to a minimum.
Replacement fund: JPM Fund III ICVC – JPM Diversified Growth Fund
Replacement fund objective:
The Fund aims to provide long term capital growth by investing in a diversified mix of asset classes. As a result of its diversified portfolio the Fund is expected to have a lower level of volatility than equity markets as represented by the MSCI World Index. The Fund may invest either directly or via collective investment schemes, which may be managed by the Investment Adviser or any other member of JPMorgan Chase & co., in a broad range of assets including, but not limited to, global equities, fixed income (including high yield and emerging market debt), alternatives (including private equity and property) and cash and cash equivalents. The Fund may have exposure to Emerging Markets and smaller companies.
JPMorgan Life Limited will be closing each of its life funds by Friday 15 October 2021 and will then wind-up the company itself.
Fund change
The Investment Management Charges (IMC) on the replacement funds are all lower than what you were previously paying. This means you will be paying a lower charge in the future.
Closing fund objective:
The JPMorgan Life Moderate Fund (the “Fund”) is a pooled life fund for pension schemes investing primarily in global equities and bonds, normally through other JPM Life funds. The Fund may also hold derivatives. The Fund seeks to achieve excess return through fund selection, country allocation, asset allocation, and currency exposure. The Fund is well diversified and under normal circumstances, is fully invested, with cash holdings kept to a minimum.
Closing fund IMC: 0.30%
Replacement fund: Man Balanced Managed Retail Acc A
Replacement fund objective:
The investment objective of the Fund is to provide capital growth over the long term (over 5 year rolling periods). In order to achieve the Fund’s objective, the Fund invests at least 70% of its assets in other investment funds which are operated, managed or advised by the ACD or any of its associates.
Replacement fund IMC: 0.30%
JPMorgan Life Limited will be closing each of its life funds by Friday 15 October 2021 and will then wind-up the company itself.
Fund change
The Investment Management Charges (IMC) on the replacement funds are all lower than what you were previously paying. This means you will be paying a lower charge in the future.
Closing fund objective:
The fund aims to achieve excess return through fund selection, as well as regional and country allocation. The fund will have a bias towards the UK. The fund may invest in funds which use derivatives for investment purposes. It may also use derivatives for efficient portfolio management or reduction of investment risk. The fund is well diversified, and under normal circumstances is fully invested, with cash holdings kept to a minimum.
Closing fund IMC: 0.30%
Replacement fund: BNY Mellon Global Equity GBP Inc
Replacement fund objective:
The Sub-Fund aims to achieve capital growth over the long term (5 years or more). The Sub-Fund is actively managed and invests at least 75% in global equities (company shares), including ordinary shares, preference shares and other equity-related securities. The Sub-Fund may also invest in collective investment schemes (including but not limited to another Sub-Fund or Sub-Funds of the Company or other BNY Mellon funds), money market instruments, deposits, cash and near cash.
Replacement fund IMC: 0.30%
JPMorgan Life Limited will be closing each of its life funds by Friday 15 October 2021 and will then wind-up the company itself.
Fund change
The Investment Management Charges (IMC) on the replacement funds are all lower than what you were previously paying. This means you will be paying a lower charge in the future.
Closing fund objective:
The JPM Life UK Specialist Equity fund aims to achieve
capital growth by investing in the shares of UK companies. Its target is to outperform index that represents UK companies on the London Stock Exchange by 2% a year over 3 years before fees are taken into account. The fund looks to spread investment risk by investing in a wide range of UK companies in different sectors of the market. The investment team focuses on stocks that have specific growth value characteristics as experience has shown that holding both growth and value stocks in a portfolio can lead to more consistent out performance over the longer term.
Closing fund IMC: 0.30%
Replacement fund: JPMorgan Fund ICVC – JPM Equity Core Fund
Replacement fund objective:
To provide capital growth and outperform the FTSE™ All-Share Index (Net)over the long-term, after fees, by investing at least 80% of the Fund’s assets in a portfolio of UK companies.
Replacement fund IMC: 0.24%
New name – OMR Jupiter Flexible Macro
New objective – To provide a positive total return, net of fees, higher than SONIA GBP independent of market conditions over a 3-year rolling period.
Capital invested in the fund is at risk and there is no guarantee that the investment objective will be achieved over the 3-year rolling periods or in respect of any other time period.
The fund can invest in a wide range of assets to achieve its investment objective, including shares of companies, fixed interest securities and entering into derivative transactions for investment purposes. The investment manager seeks to identify global investment themes and opportunities through a macro-economic driven investment process involving analysis of large-scale economic trends, including economic fundamentals (such as growth, inflation, manufacturing, industrial production and consumer spending), monetary and fiscal policy, and market sentiment.
New Fund Name: OMR Ninety One Global Income Opportunities
New Objective:
To provide income with the opportunity for capital growth (i.e. to grow the value of your investment) over at least 5 years.
The fund targets a return of UK Consumer Prices Index (CPI) +4% each year (before fees), over 5-year rolling periods. While the fund aims to achieve its objective and its performance target, there is no guarantee that either will be achieved, over 5-year rolling periods or over any period and there is a risk of loss.
New fund name:
OMR Jupiter Emerging Market Debt Income
New TER: 1.29%
New objective:
The underlying fund seeks to achieve total return through investment in a well-diversified portfolio of fixed and variable rate debt securities issued in the Emerging Markets worldwide.
We have taken the decision to close the suspended OMR Elite Hasley Diversified Portfolio fund. Customers have been switched into the OMR Deposit fund with a transaction date of 22 September 2021.
Customers will receive switch notices confirming this transaction shortly after its effective date.
We have taken the decision to close the suspended OMR Aviva European Property fund. Customers have been switched into the OMR Deposit fund with a transaction date of 22 September 2021.
Customers will receive switch notices confirming this transaction shortly after its effective date.
We have taken the decision to close the suspended OMR EF FACET Cautious Discretionary Portfolio fund. Customers have been switched into the OMR Deposit fund with a transaction date of 22 September 2021.
Customers will receive switch notices confirming this transaction shortly after its effective date.
We have taken the decision to close the suspended OMR EF FACET Cautious Discretionary Portfolio fund. Customers have been switched into the OMR Deposit fund with a transaction date of 22 September 2021.
Customers will receive switch notices confirming this transaction shortly after its effective date.
We have taken the decision to close the suspended OMR LF Equity Income fund. Customers have been switched into the OMR Deposit fund with a transaction date of 22 September 2021.
Customers will receive switch notices confirming this transaction shortly after its effective date.
New Fund Name: OMR AXA Framlington UK Sustainable Equity
New Objective:
The underlying fund aims to provide long-term capital growth over a period of 5 years or more by having at least 70% of its investments in shares of companies domiciled, incorporated or having significant business in the UK which the Manager believes will provide above-average returns. The underlying fund invests at least 80% of its investment in shares in large and medium sized companies.
The Manager aims to select companies that it deems will create a net positive contribution to society. These companies will either demonstrate leadership on sustainability issues through strong environmental, social and governance {ESG) practices {“leaders”) or will have shown a clear commitment to improve their ESG practices {“companies in transition”). The majority of the underlying fund’s investments {50% or more) will be in “leaders”.
Dealing will recommence for the valuation point of Thursday 23rd September 2021. Fund has been suspended to accommodate a share class conversion being carried out by FundRock Partners Limited on the underlying fund.
Dealing will recommence for the valuation point of Thursday 23rd September 2021. Fund has been suspended to accommodate a share class conversion being carried out by FundRock Partners Limited on the underlying fund.
Dealing will recommence for the valuation point of Thursday 23rd September 2021. Fund has been suspended to accommodate a share class conversion being carried out by FundRock Partners Limited on the underlying fund.
Receiving Fund: OMR HSBC Europe EX-UK Equity
New name – OMR Jupiter Multi-Asset Income
New objective – To provide regular income with the prospect of capital growth over the long term (at least five years).
At least 60% of the fund is invested in fixed interest securities (including collective investment schemes which themselves invest mainly (i.e. at least 50%) in fixed income securities), cash, near cash, money market instruments and deposits. The remainder of the fund will be invested in other assets, including shares of companies. The fund may use derivatives for investment purposes. At least 50% of the fund will be i) issued by companies based in the UK or ii) sterling-denominated or hedged back to sterling.
New name – OMR Jupiter Multi-Asset Income and Growth
New objective – To provide income and capital growth over the long term (at least five years).
The fund can invest in a wide range of assets, including shares of companies and fixed-interest debt securities. The fund may use derivative transactions for investment purposes. At least 25% of the fund will be i) issued by companies based in the UK or ii) sterling-denominated or hedged back to sterling.
New Fund Name: OMR BlackRock Developed Markets Sustainable Equity
New Objective:
The underlying fund aims to provide a return on your investment (generated through an increase in value of the assets held by the fund and/or income received from those assets) (gross of fees) over the medium to long term (3 to 5 or more consecutive years beginning at the point of investment), by investing in a global portfolio of equity securities (e.g. shares) in a manner consistent with the principles of sustainable investing.
Dealing will recommence for the valuation point of Thursday 16th September 2021. Fund has been suspended to accommodate a share class conversion being carried out by Franklin Templeton Funds on the underlying fund.
Default Alternative Fund: BNY Mellon Global Equity
Default Alternative Fund: Jupiter Global Emerging Markets Focus
Default Alternative Fund: Ninety One UK Special Situations
Default Alternative Fund: Jupiter UK Mid Cap
Default Alternative Fund: Jupiter UK Alpha
Default Alternative Fund: QI US Equity Growth
New Fund Name: OMR M&G Global Sustain Paris Aligned
New Objective:
The underlying fund has two aims:
To provide a higher total return (capital growth plus income), net of the Ongoing Charge Figure, than that of the MSCI World Index over any five-year period.
and
To invest in companies that contribute towards the Paris Agreement climate change goal.
At least 80% of the fund is invested directly in equity securities and equity-related securities of companies across any sector and market capitalisation that are domiciled in any country, including Emerging Markets.
Dealing will recommence for the valuation point of Friday 3rd September 2021. Fund has been suspended to accommodate a share class conversion being carried out by Waystone on the underlying fund.
Dealing will recommence for the valuation point of Friday 3rd September 2021. Fund has been suspended to accommodate a share class conversion being carried out by Waystone on the underlying fund.
Default Alternative Fund: VT Sinfonia Cautious Managed
Default Alternative Fund:Blackrock Balanced Growth
Default Alternative Fund:Quilter Investors Creation Adv Portfolio
Default Alternative Fund:ASI Multi-Manager Diversity
New Fund Name: OMR FTF Clearbridge US Equity
New Fund Name: OMR FTF Clearbridge US Equity
New Fund Name: OMR FTF Martin Currie Japan Equity
New Fund Name: OMR FTF Martin Currie Asia Unconstrained
New Fund Name: OMR FTF Martin Currie European Unconstrained
New Fund Name: OMR FTF Martin Currie Global Unconstrained
New Fund Name: OMR FTF Martin Currie US Unconstrained
New Fund Name: OMR FTF Western Asset Retirement Income Bond
Old TER: 1.42%, New TER: 1.34%
Old AMC: 1.90%, New AMC: 1.82%
Old AMC: 1.90%, New AMC: 1.82%
Old AMC: 1.90%, New AMC: 1.82%
OMR AXA ACT Framlington Clean Economy
The underlying fund aims to: (i) provide long-term capital growth over a period of 5 years or more; and (ii) seek to achieve a sustainable investment objective, in line with a responsible investment approach. The underlying fund invests at least 80% of its investments in shares of listed companies of any size which are based anywhere in the world and which the Manager believes will generate both above-average returns and a positive and measurable impact on the planet, incorporating the analysis of environmental, social and governance (ESG) factors.
The underlying fund aims to: (i) provide long-term capital growth over a period of 5 years or more; and (ii) seek to achieve a sustainable investment objective, in line with a responsible investment approach. The underlying fund invests at least 80% of its investments in shares of listed companies of any size which are based anywhere in the world and which the Manager believes will generate both above-average returns and a positive and measurable impact on the planet, incorporating the analysis of environmental, social and governance (ESG) factors.
Dealing will recommence for the valuation point of Monday 26 July 2021
Dealing will recommence for the valuation point of Monday 26 July 2021
Dealing will recommence for the valuation point of Monday 26 July 2021
Dealing will recommence for the valuation point of Monday 26 July 2021
Dealing will recommence for the valuation point of Monday 26 July 2021
Dealing will recommence for the valuation point of Monday 26 July 2021
Dealing will recommence for the valuation point of Monday 26 July 2021
Dealing will recommence for the valuation point of Monday 26 July 2021
Dealing will recommence for the valuation point of Monday 26 July 2021
Default Alternative Fund: OMR Janus Henderson Multi-Asset Absolute Return.
Default Alternative Fund: OMR BlackRock Absolute Return Bond
New name: OMR ASI Global Responsible Equity
New Fund Name: OMR ASI Global Sustainable and Responsible Investment Equity
New Objective: The underlying fund aims to generate growth over the long term (5 years or more) by investing in global equities (company shares) which adhere to the ASI Sustainable and Responsible Investment Equity Approach and to achieve the return of the MSCI AC World Index plus 3% per annum over rolling three year periods (before charges).
Receiving fund: OMR Liontrust Global Dividend
Fund Suspension date: 21/06/2021
Merger Effective date: 28/06/2021
Receiving fund: OMR Liontrust European Growth
Fund Suspension date: 21/06/2021
Merger Effective date: 28/06/2021
Receiving fund: OMR Professional Liontrust Global Dividend
Fund Suspension date: 21/06/2021
Merger Effective date: 28/06/2021
New objective from 25/06/2021: The Trust aims to provide a higher total return (capital growth plus income), net of the Ongoing Charge Figure and Property Expense Ratio, than the average return of the IA UK Direct Property Sector over any five-year period solely through investment in M&G Property Portfolio.
Fund Merger: OMR Premier Miton Multi-Asset Conservative Growth
Receiving Fund: OMR Premier Miton Defensive Multi Asset
Date Merger effective from: 21/06/2021
Merging Fund Suspension effective from: 18/06/2021
New Fund Name: OMR Invesco Responsible Japanese Equity Value Discovery (UK)
New Objective: The underlying fund aims to achieve long-term (5 years plus) capital growth by investing at least 80% of its assets in shares or other equity related securities of companies incorporated, domiciled or carrying out the main part of their economic activity in Japan which meet the underlying fund’s environmental, social and governance (ESG) criteria.
Default Alternative Fund: OMR Schroder Gilt & Fixed Interest
New fund name: OMR VT Sinfonia Adventurous Growth Portfolio
New ACD: Valu-Trac Investment Management Limited
Old ACD: Investment Fund Services Limited
New TER: 1.76%
Old TER: 1.81%
New objective: The underlying fund aims to provide returns over the long term (5 years) by a combination of both capital growth and income generation. The underlying fund will primarily invest (at least 70%) in a diversified portfolio of fixed interest securities and equities, as well as warrants, and money market instruments, through investment in a portfolio of collective investment schemes (which may include those managed and/or advised by the Authorised Corporate Director (VT) or Investment Manager). The underlying fund will typically be invested in a global portfolio of assets but may also focus on UK assets.
Old objective: The underlying fund aims to provide long term capital growth by investing in a diversified portfolio of fixed interest securities and equities, as well as warrants, and money market instruments, through investment in a portfolio of collective investment schemes.
New fund name: OMR VT Sinfonia Cautious Managed Portfolio
New ACD: Valu-Trac Investment Management Limited
Old ACD: Investment Fund Services Limited
New TER: 1.64%
Old TER: 1.71%
New objective: The underlying fund aims to provide returns over the long term (5 years) by a combination of both capital growth and income generation. The underlying fund will invest in a diversified portfolio of equities as well as fixed interest securities, warrants and money market instruments primarily (at least 70%) through investment in a portfolio of collective investment schemes (which may include those managed and/or advised by the Authorised Corporate Director (VT) or Investment Manager). The underlying fund will typically be invested in a global portfolio of assets and may also focus on UK assets.
Old objective: The underlying fund aims to provide long term returns, by a combination of both capital growth and income generation, investing in a diversified portfolio of equities as well as fixed interest securities, warrants and money market instruments primarily through investment in a portfolio of collective investment schemes.
New fund name: OMR VT Sinfonia Income Portfolio
New ACD: Valu-Trac Investment Management Limited
Old ACD: Investment Fund Services Limited
New TER: 1.66%
Old TER: 1.83%
New objective: The underlying fund aims to provide returns over the long term (5 years) by a combination of both income generation as well as some capital growth. The underlying fund will invest in a diversified portfolio of equities, fixed interest securities, warrants and money market instruments primarily (at least 70%) through investment in a portfolio of collective investment schemes (which may include those managed and/or advised by the Authorised Corporate Director (VT) or Investment Manager). The underlying fund will typically be invested in a global portfolio of assets with a focus on UK assets.
Old objective: The underlying fund aims to provide regular income with some potential for capital growth over the long term, by investing in a diversified portfolio of equities, fixed interest securities, warrants and money market instruments primarily through investment in a portfolio of collective investment schemes.
New fund name: OMR VT Sinfonia Income & Growth Portfolio
New ACD: Valu-Trac Investment Management Limited
Old ACD: Investment Fund Services Limited
New TER: 1.67%
Old TER: 1.67%
New objective: The underlying fund aims to provide returns over the long term (5 years) by a combination of both capital growth and income generation. The underlying fund will invest in a diversified portfolio of equities as well as fixed interest securities, warrants and money market instruments primarily (at least 70%) through investment in a portfolio of collective investment schemes (which may include those managed and/or advised by the Authorised Corporate Director (VT) or Investment Manager). The underlying fund will typically be invested in a global portfolio of assets with a focus on UK assets.
Old objective: The underlying fund aims to provide income and capital growth for investors over the long term by investing in a diversified portfolio of equities as well as fixed interest securities, warrants and money market instruments primarily through investment in a portfolio of collective investment schemes.
New fund name: OMR VT Sinfonia Balanced Managed Portfolio
New ACD: Valu-Trac Investment Management Limited
Old ACD: Investment Fund Services Limited
New objective: The underlying fund aims to provide returns over the medium to long term (3 – 5 years) by a combination of both capital growth and income generation. The underlying fund will invest in a diversified portfolio of fixed interest securities and equities as well as warrants and money market instruments primarily (at least 70%) through investment in a portfolio of collective investment schemes (which may include those managed and/or advised by the Authorised Corporate director (VT) or Investment Manager). The underlying fund will typically be invested in a global portfolio of assets and may focus on UK and European assets.
Old objective: The underlying fund aims to provide medium to long term capital growth by investing in a diversified portfolio of fixed interest securities and equities, as well as warrants, and money market instruments, primarily through investment in a portfolio of collective investment schemes.
We have been notified by Aviva Investors that they will be closing the underlying fund which this fund invests in.
The Fund Manager has advised that the closure process is expected to take 12-24 months, however it may take longer than this depending on market conditions. The funds will remain suspended throughout the closure process to ensure fair treatment of all investors.
The Manager of the underlying Aviva fund will issue cash proceeds periodically throughout the closure process, with the first of these payments expected to be made in late July 2021.
We have been notified by Aviva Investors that they will be closing the underlying fund which this fund invests in.
The Fund Manager has advised that the closure process is expected to take 12-24 months, however it may take longer than this depending on market conditions. The funds will remain suspended throughout the closure process to ensure fair treatment of all investors.
The Manager of the underlying Aviva fund will issue cash proceeds periodically throughout the closure process, with the first of these payments expected to be made around late July 2021.
Following receipt of each cash distribution from Aviva, we will promptly calculate how much is due to each of our customers based on the proportion of the OMR unit-linked fund they hold, and issue a further communication to confirm when the customer payments have been made.
For our customers that still hold units in the OMR fund, we will process the payment to plans by adding units in the replacement fund OMR Janus Henderson UK Property Fund. For plans that have surrendered but are still awaiting proceeds related to their holding in the OMR Aviva UK Property fund, a cash payment will be made.
We have been notified by Aviva Investors that they will be closing the underlying fund which this fund invests in.
The Fund Manager has advised that the closure process is expected to take 12-24 months, however it may take longer than this depending on market conditions. The funds will remain suspended throughout the closure process to ensure fair treatment of all investors.
The Manager of the underlying Aviva fund will issue cash proceeds periodically throughout the closure process, with the first of these payments expected to be made around late July 2021.
Following receipt of each cash distribution from Aviva, we will promptly calculate how much is due to each of our customers based on the proportion of the OMR unit-linked fund they hold, and issue a further communication to confirm when the customer payments have been made.
For our customers that still hold units in the OMR fund, we will process the payment to plans by adding units in the replacement fund OMR Janus Henderson UK Property Fund. For plans that have surrendered but are still awaiting proceeds related to their holding in the OMR Aviva UK Property fund, a cash payment will be made.
We have been notified by Aviva Investors that they will be closing the underlying fund which this fund invests in.
The Fund Manager has advised that the closure process is expected to take 12-24 months, however it may take longer than this depending on market conditions. The funds will remain suspended throughout the closure process to ensure fair treatment of all investors.
The Manager of the underlying Aviva fund will issue cash proceeds periodically throughout the closure process, with the first of these payments expected to be made around late July 2021.
Following receipt of each cash distribution from Aviva, we will promptly calculate how much is due to each of our customers based on the proportion of the OMR unit-linked fund they hold, and issue a further communication to confirm when the customer payments have been made.
For our customers that still hold units in the OMR fund, we will process the payment directly to their plans. For plans that have surrendered but are still awaiting proceeds related to their holding in the OMR Aviva UK Property fund, a cash payment will be made.
We have been notified by Aviva Investors that they will be closing the underlying fund which this fund invests in.
The Fund Manager has advised that the closure process is expected to take 12-24 months, however it may take longer than this depending on market conditions. The funds will remain suspended throughout the closure process to ensure fair treatment of all investors.
The Manager of the underlying Aviva fund will issue cash proceeds periodically throughout the closure process, with the first of these payments expected to be made around late July 2021.
Following receipt of each cash distribution from Aviva, we will promptly calculate how much is due to each of our customers based on the proportion of the OMR unit-linked fund they hold, and issue a further communication to confirm when the customer payments have been made.
For our customers that still hold units in the OMR fund, we will process the payment directly to their plans. For plans that have surrendered but are still awaiting proceeds related to their holding in the OMR Prof Aviva UK Property fund, a cash payment will be made.
We have been notified by Aviva Investors that they will be closing the underlying fund which this fund invests in.
The Fund Manager has advised that the closure process is expected to take 12-24 months, however it may take longer than this depending on market conditions. The funds will remain suspended throughout the closure process to ensure fair treatment of all investors.
The Manager of the underlying Aviva fund will issue cash proceeds periodically throughout the closure process, with the first of these payments expected to be made around late July 2021.
Following receipt of each cash distribution from Aviva, we will promptly calculate how much is due to each of our customers based on the proportion of the OMR unit-linked fund they hold, and issue a further communication to confirm when the customer payments have been made.
For our customers that still hold units in the OMR fund, we will process the payment to plans by adding units in the replacement fund, the OMR Standard Life UK Real Estate Accumulation Feeder. For plans that have surrendered but are still awaiting proceeds related to their holding in the OMR Aviva UK Property fund, a cash payment will be made.
We have been notified by Aviva Investors that they will be closing the underlying fund which this fund invests in.
The Fund Manager has advised that the closure process is expected to take 12-24 months, however it may take longer than this depending on market conditions. The funds will remain suspended throughout the closure process to ensure fair treatment of all investors.
The Manager of the underlying Aviva fund will issue cash proceeds periodically throughout the closure process, with the first of these payments expected to be made around late July 2021.
Following receipt of each cash distribution from Aviva, we will promptly calculate how much is due to each of our customers based on the proportion of the OMR unit-linked fund they hold, and issue a further communication to confirm when the customer payments have been made.
For our customers that still hold units in the OMR fund, we will process the payment to plans by adding units in the replacement fund, the OMR Prof Deposit. For plans that have surrendered but are still awaiting proceeds related to their holding in the OMR Aviva UK Property fund, a cash payment will be made.
New fund name – OMR Schroder Sustainable UK Equity
New objective – To provide capital growth and income in excess of the FTSE All Share (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 UK companies which meet the Investment Manager’s sustainability criteria.
Dealing will recommence for the valuation point of Monday 24th May 2021. Fund has been suspended to accommodate a share class conversion being carried out by Aegon on the underlying fund.
Dealing will recommence for the valuation point of Monday 24th May 2021. Fund has been suspended to accommodate a share class conversion being carried out by Aegon on the underlying fund.
Dealing will recommence for the valuation point of Monday 24th May 2021. Fund has been suspended to accommodate a share class conversion being carried out by Aegon on the underlying fund.
Dealing will recommence for the valuation point of Monday 24th May 2021. Fund has been suspended to accommodate a share class conversion being carried out by Aegon on the underlying fund.
Dealing will recommence for the valuation point of Monday 24th May 2021. Fund has been suspended to accommodate a share class conversion being carried out by Aegon on the underlying fund.
Dealing will recommence for the valuation point of Monday 24th May 2021. Fund has been suspended to accommodate a share class conversion being carried out by Aegon on the underlying fund.
New Objective:
The underlying fund aims to provide income and capital growth in excess of the ICE B of A Sterling 3 month Government Bill Index (after fees have been deducted) over a three to five year period by investing in fixed and floating rate securities of companies worldwide but this cannot be guaranteed and your capital is at risk.
Dealing will recommence for the valuation point on 10 May 2021. We will accept online instructions from 2pm on 7 May 2021.
Update to fund’s prospectus: Introduction of rapid sales provision, which will enable the ACD of the M&G Property Portfolio to agree with the Standing Independent Valuer a fair and reasonable price to reflect the rapid sale of a property. Although this may result in selling a property at a lower price than its market value, it is expected that the use of the Provision will solely be used under exceptional circumstances such as periods in which wider market uncertainty leads to sustained high levels of outflows.
New Fund Name: OMR Allianz UK Listed Equity Income
New Objective:
The primary investment objective of the Allianz UK Listed Equity Income Fund is to generate a total return (income together with capital growth) net of fees greater than that of the FTSE All-Share Index, 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.
Investors should be aware that the Fund’s capital is at risk and there is no guarantee that the Fund will achieve its investment objective over the above period or at all.
Dealing will recommence for the valuation point of Thursday 6 May 2021
Dealing will recommence for the valuation point of Thursday 6 May 2021
We are changing the pricing basis that we usually use on a daily basis to value the ReAssure Life fund range from expanding to contracting from 4th May 2021.
The contracting price is based on the price issued by the Manager of the underlying fund to sell units (the ‘bid’ price), whereas the expanding price is based on the price to buy units in the underlying fund (the ‘offer’ price). The ‘bid’ price will be lower than the ‘offer’ price due to the additional expenses involved when the underlying fund manager needs to buy additional assets.
By carrying out this change, customer valuations will reflect the pricing basis that they are likely to receive on exiting the fund in question.
The expanding pricing basis may still be used on days where there is more investment into the fund than taken out.
Dealing will recommence for the valuation point of Thursday 6 May 2021
Dealing will recommence for the valuation point of Thursday 6 May 2021
Dealing will recommence for the valuation point of Thursday 6 May 2021
Dealing will recommence for the valuation point of Thursday 6 May 2021
Dealing will recommence for the valuation point of Thursday 6 May 2021
Dealing will recommence for the valuation point of Thursday 6 May 2021
Dealing will recommence for the valuation point of Thursday 6 May 2021
Dealing will recommence for the valuation point of Thursday 6 May 2021
Fund will be available for trading on Friday 30 April 2021 but then re-suspend from Tuesday 4 May 2021. Dealing will re-commence for this fund for the valuation point of Thursday 6 May 2021
Fund will be available for trading on Friday 30 April 2021 but then re-suspend from Tuesday 4 May 2021. Dealing will re-commence for this fund for the valuation point of Thursday 6 May 2021
Fund suspended until 4th May 2021 to accommodate a share class conversion that will be effective on 29th April 2021
Fund suspended until 5th May 2021 to accommodate a share class conversion that will be effective on 29th April 2021
Fund suspended until 4th May 2021 to accommodate a share class conversion that will be effective on 29th April 2021
Fund suspended until 4th May 2021 to accommodate a share class conversion that will be effective on 29th April 2021
Fund suspended until 4th May 2021 to accommodate a share class conversion that will be effective on 29th April 2021
Fund suspended until 4th May 2021 to accommodate a share class conversion that will be effective on 29th April 2021
Fund suspended until 4th May 2021 to accommodate a share class conversion that will be effective on 29th April 2021
OMR Janus Henderson Absolute Return
New fund name: OMR VT Momentum Diversified Income
New objective: The underlying 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 underlying fund in accordance with applicable regulations.
Old Objective: The underlying fund aims to provide a high level of growing income by investing in a balanced and well diversified portfolio of UK and International equities, fixed interest securities including government and corporate bonds.
New fund name: OMR VT Momentum Diversified Growth
New objective: The underlying fund aims to achieve capital growth over the long term (5 years) by investing in a balanced and well diversified portfolio of UK and International equities which the Investment Manager expects to grow in value 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 underlying fund in accordance with applicable regulations.
Old objective: The underlying fund aims to achieve long-term capital growth by investing in a balanced and well diversified portfolio of UK and International equities, and fixed interest securities including government and corporate bonds.
New Fund Name – OMW Templeton Global Leaders
Old TER – 1.26%
New TER – 1.19%
New fund name: OMR Aegon Sustainable Diversified Growth
New objective: To deliver a total return (capital growth plus income) that exceeds the UK Retail Prices Index by at least 4% per annum over any 5 year period. By investing in the Fund, capital is at risk. There is no guarantee that the Fund will deliver positive returns over this, or any, time period. The fund is a flexible multi-asset fund that invests across a range of asset classes on a global basis, taking into account factors such as global economic trends and growth opportunities. As a result, at any one time the fund may be diversified across asset classes, sectors, currencies or geographies in various proportions. At least 80% of the fund will usually consist of equities, corporate bonds and government and public securities and derivatives, with some flexibility to hold high levels of cash to meet the investment objective. All of the fund’s investments are subject to the Authorised Corporate Director’s (ACD) sustainability criteria relevant for each asset class. The ACD will, firstly, apply an exclusionary screen to exclude investments which the ACD considers have a negative impact on society and/or the environment.
OMR Janus Henderson UK Smaller Companies
OMR Janus Henderson Fixed Interest Monthly Income AQ
OMR Prof Janus Henderson Fixed Interest Monthly Income AQ
New Fund Name: OMR WS Verbatim Portfolio 3
New Fund Name: OMR WS Verbatim Portfolio 4
New Fund Name: OMR WS Verbatim Portfolio 5 (Growth)
New Fund Name: OMR WS Verbatim Portfolio 5 (Income)
New Fund Name: OMR WS Verbatim Portfolio 6
New Fund Name: OMR WS Verbatim Portfolio 7
Receiving Fund: OMR Ninety One Global Environment
Merging fund suspension effective from: 4 March 2021
Date merger effective from: 8 March 2021
Receiving Fund: OMR Ninety One Global Environment
Merging fund suspension effective from: 4 March 2021
Date merger effective from: 8 March 2021
Default Alternative Fund: OMR DMS Verbatim Portfolio 5 (Income)
Old share class: Inc Ord GBP 25p, New share class: Inc Ord GBP 2.5P
OMR VT Garraway Multi Asset Balanced
OMR Ninety One UK Special Situations (B Share Class)
Old AMC: 1.50%, New AMC: 1.25%
Dealing will recommence for the valuation point on 24 February 2021. We will accept online instructions from 2pm on 23 February 2021.
Dealing will recommence for the valuation point on 24 February 2021. We will accept online instructions from 2pm on 23 February 2021.
Dealing will recommence for the valuation point on 24 February 2021. We will accept online instructions from 2pm on 23 February 2021.
Direct Debits redirected to OMR Deposit
Direct Debits redirected to OMR Deposit
Direct Debits redirected to OMR Deposit
Direct Debits redirected to OMR Deposit
Direct Debits redirected to OMR Deposit
Direct Debits redirected to OMR Deposit
Old TER: 0.65% New TER: 0.66%
Old TER: 0.68% , New TER: 0.67%
OMR Jupiter Merian Asia Pacific
OMR Jupiter Investment Grade Bond
OMR Jupiter Merian Global Equity
OMR Jupiter Monthly Income Bond
OMR Jupiter Merian North American Equity
OMR Jupiter UK Alpha
OMR Jupiter UK Alpha (A)
OMR Jupiter UK Mid Cap
OMR Jupiter UK Opportunities
OMR Jupiter UK Smaller Companies
Jupiter UK Alpha (Rebate)
Prof Jupiter UK Alpha (Rebate)
OMR EAB Jupiter Merian Global Equity Income (IRL)
OMR EAB Jupiter UK Alpha
Old AMC: 1.09%, New AMC: 0.79%
Old AMC: 1.3%, New AMC: 1.05%
Old AMC: 1.4% , New AMC: 1.05%
Old AMC: 1.3%, New AMC: 1.05%
Old AMC: 1.31% , New AMC: 1.21%
Old AMC: 1.35% , New AMC: 1.25%
Old AMC: 1.36% , New AMC: 1.06%
Old AMC: 1.33%, New AMC: 1.03%
Old AMC: 1.05% , New AMC: 0.9%
Old AMC: 1.18% , New AMC: 0.98%
Old AMC: 1.28% , New AMC: 1.03%
Old AMC: 1.4% , New AMC: 1.3%
Old AMC: 1.36% , New AMC: 1.26%
Old AMC: 1.4% , New AMC: 1.3%
Old AMC: 1.4% , New AMC: 1.05%
Old AMC: 1.2 %, New AMC: 0.95%
Old AMC: 1.36 %, New AMC: 1.01%
Old AMC: 1.35% , New AMC: 1.25%
Old AMC: 1.33% , New AMC: 1.08%
Old AMC: 1.35% , New AMC: 1.25%
Old AMC: 1.11 %, New AMC: 0.81%
Old AMC: 1.15% , New AMC: 0.85%
Old AMC: 1.2 %, New AMC: 1.1%
new share class L
new share class L
new share class L
new share class L
new share class L
new share class L
new share class L
new share class L
new share class L
new share class L
new share class L
new share class L
new share class L
new share class L
new share class L
new share class L
new share class L
new share class L
new share class L
new share class L
OMR Artemis SmartGARP UK Equity
OMR Artemis SmartGARP European Equity
OMR Artemis SmartGARP Global Equity
New Fund Name: OMR VT Argonaut European Alpha
New Objective: To achieve returns (capital and income) in excess of the returns of the Investment Association (IA) Europe ex UK Sector over the long term (5 years) by investing in a concentrated portfolio of approximately 30-60 stocks.
New fund name: OMR Fidelity Sustainable European Equity
New Objective: To increase the value of your investment over a period of 5 years or more by investing at least 70% in the shares of continental European companies (those domiciled, incorporated or having significant business in and those which are listed in continental Europe and those which are listed in the region) which maintain sustainable characteristics.
Old Objective: To increase the value of your investment over a period of 5 years or more by investing at least 70% in the shares of continental European companies (those domiciled, incorporated or having significant business in and those which are listed in continental Europe and those which are listed in the region).
New fund name: OMR Professional Fidelity Sustainable European Equity
New Objective: To increase the value of your investment over a period of 5 years or more by investing at least 70% in the shares of continental European companies (those domiciled, incorporated or having significant business in and those which are listed in continental Europe and those which are listed in the region) which maintain sustainable characteristics.
Old Objective: To increase the value of your investment over a period of 5 years or more by investing at least 70% in the shares of continental European companies (those domiciled, incorporated or having significant business in and those which are listed in continental Europe and those which are listed in the region).
Old share class: Acc Z, New share class: Acc A
Old share class: Acc Z, New share class: Acc A
Date fund closed to new business 11 January 2021
Deadline for investors to provide revised fund choice 1 February 2021
Date closure effective from 3 February 2021
Default fund: OMR JPM Global High Yield Bond fund
share class change from R to A
share class change from R to A
share class change from R to A
OMR EdenTree Responsible & Sustainable European Equity
OMR EdenTree Responsible & Sustainable Global Equity
OMR EdenTree Responsible & Sustainable Sterling Bond
OMR EdenTree Responsible & Sustainable UK Equity
OMR EdenTree Responsible & Sustainable UK Equity Opportunities
Old TER: 1.53% New TER: 1.25%
Old TER: 1.28 % , New TER: 1.09%
Old TER: 1.38% New TER: 1.05%
OMR Garraway Wealth (Sterling)
Please note that OMR Liontrust UK Opportunities will change its name to OMR Liontrust UK Growth
Old TER: 1.02% New TER: 1.015%
Old TER: 1.04% New TER: 1.035%
Old TER: 1.04% New TER: 1.035%
Old TER: 1.1% New TER: 1.095%
Old TER: 2.045% New TER: 2.040%
Old TER: 2.225% New TER: 2.2200%
Old TER: 1.955% New TER: 1.950%
Old TER: 1.825% New TER: 1.820%
Old TER: 2.075% New TER: 2.100%
Old TER: 1.335% New TER: 1.2262%
Old TER: 1.285% New TER: 1.1762%
Old TER: 1.505% New TER: 1.3962%
Old AMC: 0.50%, New AMC: 0.35%
New Fund Name: OMR Invesco European Focus (UK)
OMR Premier Miton Ethical
OMR Premier Miton Income
OMR Premier Miton Monthly Income
OMR Premier Miton UK Growth
New fund name: OMR Premier Miton Multi-Asset Conservative Growth
New Objective: To provide capital growth over the long-term, being five years or more in all market conditions. Five years is also the minimum recommended period for holding shares in this Fund. This does not mean that the Fund will achieve the objective over this, or any other, specific time period and there is a risk of loss to the original capital invested. The fund will invest in a globally diversified lower risk portfolio of investments covering different asset classes.
Old Objective: To achieve steady capital growth by investing principally in a portfolio of securities which, in the manager’s opinion, are lower risk securities and which will produce capital appreciation over the longer term.
New fund name: OMR Premier Miton Optimum Income
New Objective: To provide a yield of 7% per annum together with the prospect of capital growth over the long term, being five years or more. Five years is also the minimum recommended period for holding shares in this Fund. This does not mean that the Fund will achieve the objective over this, or any other, specific time period and there is a risk of loss to the original capital invested. The Investment Adviser aims to achieve the objective of the Fund by investing in an actively managed portfolio with a minimum of 80% of its assets in shares in companies listed in the UK.
Old Objective: To provide a high level of income together with the prospect of long-term capital growth from an actively managed portfolio of equities. The Fund has a target yield of 7% p.a., after fees, and it is intended that the target level will remain consistent over time. However, the target yield is not guaranteed
New fund name: OMR Legg Mason IF Martin Currie Global Unconstrained
New Objective: To provide long-term (over five or more years) capital appreciation, through investment of at least 80% of the net asset value of the fund in a portfolio of global equity and equity related securities.
Old Objective: To achieve income, with the potential for capital growth over the long term (over five or more years), by investing in securities of companies listed globally.
New Fund Name: OMR Premier Miton Cautious Multi Asset
New Objective:
To achieve capital growth over the long term, being five years or more by investing in equities (company shares), fixed income (including bonds issued by governments and companies), property (including Real Estate Investment Trusts), commodities, cash and cash like investments.
New TER:
1.11%
New Fund Name: OMR Premier Miton Defensive Multi Asset
New Objective:
To achieve capital growth over the long term, being five years or more by investing in fixed income (including bonds issued by governments and companies), equities (company shares), property (including Real Estate Investment Trusts) commodities, cash and cash like investments.
New Fund Name: OMR Premier Miton Worldwide Opportunities
New Objective:
To provide capital growth over the long-term, being five years or more by investing in a range of investment companies. These include but are not limited to; closed end investment companies, investment trusts and real estate investment trusts.
Old TER: 1.03% , New TER: 1.05%
Old TER: 1.00% New TER: 1.02%
Dealing will recommence for the valuation point on 16 November 2020. We will accept online instructions from 2pm on 13 November 2020.
Dealing will recommence for the valuation point on 16 November 2020. We will accept online instructions from 2pm on 13 November 2020.
Old share class: Inc Ord GBP 0.25, New share class: Inc Ord GBP 2.5P
Old share class: Inc Ord GBP 0.25, New share class: Inc Ord GBP 2.5P
New fund name: OMR Jupiter Global Financial Innovation
New objective: To provide capital growth over rolling 5-year periods by investing at least 70% in shares of companies linked to financial innovation based anywhere in the world.
Old Objective: To achieve long term capital growth principally through investment in equities and equity related securities of financial sector companies on an international basis, but with the power to invest in other asset types when the Manager considers it appropriate for market conditions.
Please note: Dealing will recommence for the valuation point of Tuesday 13 October 2020. We will accept online instructions from 2pm on 12 October 2020.
Default Alternative Fund: OMR Premier Monthly Income
New Fund Name: OMR Stewart Investors Asia Pacific Leaders Sustainability
Default Alternative Fund: OMR Quilter Investors Monthly Income & Growth Portfolio
Default Alternative Fund: OMR Quilter Investors Monthly Income & Growth Portfolio
Default Alternative Fund: OMR Invesco UK Growth (UK)
Please note: Dealing will recommence for the valuation point of Thursday 17 September 2020.
New Fund Name: OMR Invesco UK Opportunities (UK)
New Objective:
To achieve long-term (5 years plus) capital growth by investing at least 80% of its assets in shares or other equity related securities of companies incorporated, domiciled or carrying out the main part of their economic activity in the UK.
The fund typically holds a concentrated portfolio of 35 – 45 stocks.
New fund name: OMR Baillie Gifford China Growth Trust
New Objective:
To produce long term capital growth by investing predominantly in shares of, or depositary receipts representing the shares of, Chinese companies.
New Fund Name: OMR Baillie Gifford China Growth Trust
New objective:
To produce long term capital growth by investing predominantly in shares of, or depositary receipts representing the shares of, Chinese companies.
New Fund Name: OMR Aegon Diversified Growth
New Fund Name: OMR Aegon Ethical Corporate Bond
New Fund Name: OMR Aegon Ethical Equity
New fund name: OMR Aegon High Yield Bond
New Fund Name: OMR Aegon Sterling Corporate Bond
New Fund Name: OMR Aegon Strategic Bond
New Fund Name: OMR Aegon UK Opportunities
Default Alternative Fund: OMR VT Garraway Multi Asset Growth
Default Alternative Fund: OMR Invesco Income (UK)
Please note that OMR Invesco Income (UK) will change it’s name to OMR Invesco UK Equity Income (UK) on 30 July 2020.
New Fund Name: OMR Invesco UK Equity High Income (UK)
New Objective:
To achieve a high level of income (greater than the income return of an average of share prices of all companies on the London Stock Exchange over a rolling 5 year period) and capital growth over the long term (5 years plus).
New Fund Name: OMR Invesco UK Equity Income (UK)
New Objective:
Aims to achieve income and capital growth over the long term (5 years plus). The fund invests at least 80% of its assets in shares or other equity related securities of companies incorporated, domiciled or carrying out the main part of their economic activity in the UK.
New Fund Name: OMR F&C Investment Trust PLC Ord Shares
New Fund Name: OMR Prof F&C Investment Trust PLC Ord Shares
New Fund Name: OMR Quilter Investors UK Equity Growth (BlackRock)
OMR Allianz Gilt Yield (I)
New Fund Name: OMR Janus Henderson Global Technology Leaders
To achieve capital growth, over at least 5 years, net of fees at a rate greater than that of the Numis Smaller Companies Index.
To achieve capital growth, over a rolling 5 year period, net of fees at a rate greater than that of the Numis Smaller Companies ex Investment Companies Index.
The global outbreak of coronavirus is impacting property funds. From 16 March 2020 a number of funds have been suspended by the fund management groups.
Link Fund Solutions, the Authorised Corporate Director (ACD) of the suspended Woodford Equity Income fund, have informed us that the fund will be wound up on 17 January 2020 and that Woodford Investment Management will cease to be the investment manager with immediate effect.
Link Fund Solutions concluded that it was unlikely that the sale of unlisted and less liquid assets would be completed ahead of a planned re-opening in December and therefore an orderly wind up would be in the best interest of all investors
Following the first capital income payment (75.55%) from the fund in late January, we have received the second capital payment from the investment manager, Link Fund Solutions Limited (LFS), and have allocated it to investors, in line with their holdings in the suspended fund. Note that this second payment is much smaller than the first, being equivalent to 19.9% of the Fund’s remaining value as at 10 March 2020. We will be writing to you shorlty.
The fund was suspended on the 3 June 2019 due to an increased level of withdrawals from the fund by investors. The suspension was intended to protect investors who wish to remain in the fund by allowing Woodford time to reposition the element of the fund’s portfolio invested in unquoted and less liquid stocks and shares, in to more liquid investments that would be easier to trade.
The winding up will commence on 17 January 2020 and means that you are still unable to put any money into, or send us new requests to take money out of, the fund.
Link is planning to return cash to you at the earliest opportunity, and has appointed BlackRock Advisors (UK) Limited and specialist broker Park Hill to help sell the assets. The first payment to you is anticipated by the end of January 2020. As the fund is now closed, the money will be returned to you in instalments as the assets are sold off.
We are in communication with Link Fund Solutions and we will communicate further with you once we have further information from them explaining in more detail what the wind up will mean for your investments.
Dealing in the M&G Feeder of Property Portfolio Fund has been suspended with effect from 4 December 2019.
In recent months, continued political uncertainty and ongoing structural shifts in the UK retail sector have prompted unusually high outflows from M&G’s retail property fund. Given that these circumstances and deteriorating market conditions have significantly impacted the manager’s ability to sell commercial property, the manager has temporarily suspended dealing in the M&G Property Portfolio in the interests of protecting customers who are invested in these funds.
The suspension will allow the manager to raise cash levels and preserve value for investors by selling assets in a controlled manner.
At the moment, the suspended fund will still be priced each day, and the value of your units in the M&G fund will be included in the overall value of your investments you will see online and in statements. As it is not possible to buy or sell units in a suspended fund, you will be unable to top-up (either via regular direct debit or on an adhoc basis), switch into or out of the fund or make new withdrawals out of the fund.
In recognition of customers’ temporary inability to access their investment, M&G is waiving 30% of its annual charge, which will end when the funds resume dealing.
The fund suspension will remain in place until we are notified that the suspension instruction has been lifted. Based on the information we have received so far, the suspension could be in place for a number of months.
Please note: Direct Debits will no longer be accepted and will be redirected to OMR Deposit. Phased investment and rebalancing will be cancelled.
Please note: Dealing will recommence for the valuation point of Tuesday 8 October 2019.
