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Fidelity UK Growth 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 FIL Investment Services (UK) Limited
Fund Name Fidelity UK Growth
Type of change Merger
Date merger effective from 16/05/2016
Deadline for investors to switch out if appropriate 11/05/2016
Is the event subject to shareholder approval? Yes
2. Merger details  
Name of the new fund (the fund that the previous fund is being merged into) Fidelity UK Select
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 achieve long term capital growth from a portfolio primarily made up of the shares of UK companies. The portfolio is likely to have a bias towards larger and medium-sized shares although the ACD is not restricted in its choice of company by either size or industry.
New fund objective To achieve long term capital growth from a portfolio primarily invested in the shares of UK companies. The portfolio is likely to be concentrated although the ACD is not restricted in terms of number of holdings and is not restricted in its choice of company either by size or industry.
4. Charging structure  
Bundled Fund  
Previous AMC 1.50
New AMC 1.50
Previous TER 1.70
New TER 1.70
Previous Reimbursed Amount (Charge Basis 2) 0.50
New Reimbursed Amount(Charge Basis 2) 0.50
Previous Reimbursed Rebate Rate(Charge Basis 3) 0.75
New Reimbursed Rebate Rate (Charge Basis 3) 0.75
Unbundled Fund  
Previous AMC 0.75
New AMC 0.75
Previous TER 0.95
New TER 0.95
Previous Reimbursed Rebate Rate(Charge Basis 3) 0.00
New Reimbursed Rebate Rate (Charge Basis 3) 0.08
Old Mutual Wealth (OMW) Fund  
Previous TER 1.35
New TER 1.35


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