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Aberdeen Strategic Bond 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 Strategic Bond
Type of change Merger
Date merger effective from 14 September 2015
Deadline for investors to switch out if appropriate 10 September 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 Strategic 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? Yes
Will ongoing direct debit payments automatically be redirected into the new fund? Yes
3. Fund objectives  
Previous fund objective To provide a combination of income and growth of capital by investing in a portfolio of global debt instruments. At any time the Fund will have at least 80% of its assets in sterling denominated securities, non-sterling denominated securities hedged back to sterling or in any combination of both. The Fund will invest in government bonds, investment grade and sub-investment grade bonds, securitized bonds, covered bonds and preference shares denominated in any currency.
New fund objective To provide a combination of income and growth of capital by investing predominantly in global debt and debt-related securities denominated in(or hedged back to) Sterling. The fund may also invest in other transferable securities, including debt and debt-related securities denominated in any currency, as well as money market instruments, deposits, cash and near cash, and units in collective investment schemes (including other funds managed by the investment adviser or its affiliates).
4. Charging structure  
Bundled Fund  
Previous AMC 1.25
New AMC 1.00
Previous TER 1.39
New TER 1.14
Previous Reimbursed Amount (Charge Basis 2) TBC
New Reimbursed Amount(Charge Basis 2) TBC
Previous Reimbursed Rebate Rate(Charge Basis 3) TBC
New Reimbursed Rebate Rate (Charge Basis 3) TBC
Unbundled Fund  
Previous AMC 0.65
New AMC 0.50
Previous TER 0.79
New TER 0.64
Previous Reimbursed Rebate Rate(Charge Basis 3) TBC
New Reimbursed Rebate Rate (Charge Basis 3) TBC
Old Mutual Wealth (OMW) Fund  
Previous TER 1.00
New TER TBC

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