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AXA Sterling Long Gilt Fund closure details

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group AXA Investment Managers UK Limited
Fund Name AXA Sterling Long Gilt
Type of change Closure
Date fund closed to all subscriptions 21 October 2015
Deadline for investors to provide revised fund choice 17 November 2015
Date closure effective from 19 November 2015
Default fund if no revised fund choice provided Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB, OCIB)
Is the event subject to FCA approval? No
2. Closure details  
Will the phasing/rebalancing options automatically continue with the new fund replacing the closing fund? No
3. Fund objective  
Current fund objective To generate returns by investing generally in the UK Gilt market, with a bias towards longer maturities, by investing in transferable securities, derivatives, cash, deposits, units in collective investment schemes and money market instruments.
4. Charging structure  
Bundled Fund  
Current AMC N/A
Unbundled Fund  
Current AMC 0.30
Old Mutual Wealth (OMW) Fund  
Current TER N/A

 

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