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Henderson UK Property OEIC 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 Henderson Global Investors Ltd
Fund Name Henderson UK Property OEIC
Type of change Merger
Date merger effective from 31 May 2016
Deadline for investors to switch out if appropriate 26 May 2016
Is the event subject to shareholder approval? No
2. Merger details  
Name of the new fund (the fund that the previous fund is being merged into) Henderson UK Property PAIF Feeder 
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 a high income together with some growth of both income and capital. The fund  will invest primarily in commercial property and property-related securities. The fund may also invest in residential property and in non-property related securities, units in collective investment schemes, money market instruments, deposits, derivatives and forward foreign exchange contracts. 
New fund objective To achieve a high income together with some growth of both income and capital by investing solely in the Henderson UK Property PAIF.
4. Charging structure  
Bundled Fund  
Previous AMC 1.50%
New AMC 1.50%
Previous TER 1.97%
New TER 1.95%
Previous Reimbursed Amount (Charge Basis 2) 0.50%
New Reimbursed Amount(Charge Basis 2) 0.50%
Previous Reimbursed Rebate Rate(Charge Basis 3) 0.83%
New Reimbursed Rebate Rate (Charge Basis 3) 0.83%
Unbundled Fund  
Previous AMC 0.75%
New AMC 0.75%
Previous TER 1.13%
New TER 1.11%
Previous Reimbursed Rebate Rate(Charge Basis 3) 0.08%
New Reimbursed Rebate Rate (Charge Basis 3) 0.08%
WealthSelect Fund  
Previous AMC 0.60%
New AMC 0.60%
Previous TER 0.95%
New TER 0.93%
Previous Reimbursed Rebate Rate(Charge Basis 3) 0.00%
New Reimbursed Rebate Rate (Charge Basis 3) 0.00%
Old Mutual Wealth (OMW) Fund  
Previous TER 1.54%
New TER 1.52%

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