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Aberdeen Defensive Gilt Merger details

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Old Mutual International Guernsey Limited
Old Mutual Wealth Life Assurance Limited
Fund Group Aberdeen Fund Managers Limited
Fund Name Aberdeen Defensive Gilt
Type of change Merger
Date merger effective from 22 June 2015
Deadline for investors to switch out if appropriate 18 June 2015
Is the event subject to shareholder approval? Yes
Will the event result in a Charge Basis change for CIA and ISA clients on Charge Basis 1 or 2? Yes
2. Merger details  
Name of the new fund (the fund that the previous fund is being merged into) Aberdeen Sterling Short Term Government Bond
Will the phasing option automatically continue with the new fund replacing the previous fund? Yes
Will the rebalancing option automatically continue with the new fund replacing the previous fund? No
Will ongoing direct debit payments automatically be redirected into the new fund? No
3. Fund objectives  
Previous fund objective To provide a combination of income and growth of capital by investing in a portfolio of predominantly bonds. The Fund will predominantly invest in UK government bonds with a maturity of up to 5 years. The Fund may also invest in bonds of any maturity issued by the UK government and other sovereign, government, public and supra-national issuers, and investment grade corporate bonds of any maturity. 
New fund objective To aim to provide a combination of income and capital growth by investing predominantly in Sterling denominated UK government debt and debt-related securities with a maturity of up to five years.
4. Charging structure  
Bundled Fund  
Previous AMC 1.00
New AMC 1.00
Previous TER 1.13 (Acc) / 1.12 (Inc)
New TER 1.13 (Acc) / 1.12 (Inc)
Previous Reimbursed Rate (Charge Basis 2) 0.25
New Reimbursed Rate (Charge Basis 2) 0.35
Previous Reimbursed Amount (Charge Basis 3) 0.64
New Reimbursed Amount (Charge Basis 3) 0.65
Unbundled Fund  
Previous AMC 0.50
New AMC 0.50
Previous TER 0.62
New TER 0.62
Previous Reimbursed Amount (Charge Basis 3) 0.00
New Reimbursed Amount (Charge Basis 3) 0.15
Old Mutual Wealth (OMW) Fund  
Previous TER 0.85
New TER 0.80

Copy client correspondence

Aberdeen Defensive Gilt Merger - OMWLA (Post) (Sept 2014) (1).pdf

Aberdeen Defensive Gilt Merger - OMWLA (Post) (Sept 2014).pdf

Aberdeen Defensive Gilt Merger (Non Trigger) - OMIG, CIB, CRA (Post) (Bundled).pdf

Aberdeen Defensive Gilt Merger (Non Trigger) - OMIG, CIB, CRA (Post) (Unbundled).pdf

Aberdeen Defensive Gilt Merger Trigger event - CIA and ISA - Charge Basis 1 and 2 Pre Bundled - OMIG CIB CRA Post Bundled.pdf

Financial Adviser Verification