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City Financial Defensive Global Bond funds Closure details

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group City Financial Investment Company Limited
Fund Name City Financial Defensive Global Bond
Type of change Closure
Date fund closed to new business 04 February 2016
Deadline for investors to provide revised fund choice 23 February 2016
Date closure effective from 25 February 2016
Default fund if no revised fund choice provided Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB)
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 deliver consistent returns with minimal volatility and low correlation to most asset classes through a diversified portfolio of global fixed income securities, currencies and related derivatives.
4. Charging structure  
Bundled Fund  
Current AMC 1.00%
Unbundled Fund  
Current AMC 0.75%

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