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Cavendish Fund Closure details

1. Fund details    
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Old Mutual International Guernsey Limited
Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Old Mutual International Guernsey Limited
Fund Group Cavendish Asset Management Cavendish Asset Management
Fund Name Cavendish Opportunities Cavendish Worldwide
Type of change Closure Closure
Date fund closed to new business 27 September 2016 27 September 2016
Deadline for investors to provide revised fund choice 9 November 2016 9 November 2016
Date closure effective from 11 November 2016 11 November 2016
Default fund if no revised fund choice provided Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB, OCIB)
Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB, OCIB)
Is the event subject to FCA approval? No No
2. Closure details    
Will the phasing/rebalancing options automatically continue with the new fund replacing the closing fund? No No
3. Fund objective    
Current fund objective To achieve long-term capital growth. To achieve long-term capital growth. The fund shall invest mainly in equity securities of companies listed on stock exchanges anywhere in the world, that the fund manager determines offer good growth prospects and/or offer reasonable value in the medium to long term. There will be no restrictions on the countries or industrial sectors invested in.
4. Charging structure    
Bundled Fund    
Current AMC 1.50% 1.50%

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