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Newton Managed Income Merger details

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Old Mutual International Guernsey Limited
Fund Group BNY Mellon Fund Managers Limited
Fund Name Newton Managed Income
Type of change Merger
Date merger effective from 25 April 2016
Deadline for investors to switch out if appropriate 21 April 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) Newton Multi Asset Income
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 income together with capital growth predominantly through investment in a portfolio of funds for which Newton Investment Management Limited is the investment manager.
New fund objective To provide income with the potential for capital growth over the longer term. The fund will gain exposure through a flexible asset allocation to a broad diversified range of asset classes including, without limitation, equities, fixed interest securities, currencies, cash, near cash and deposits, warrants, property commodities and approved money market instruments.
4. Charging structure  
Bundled Fund  
Previous AMC 1.25
New AMC 1.25
Previous TER 1.43
New TER 1.36
Previous Reimbursed Amount (Charge Basis 2) 0.35
New Reimbursed Amount(Charge Basis 2) 0.35
Previous Reimbursed Rebate Rate(Charge Basis 3) 0.69
New Reimbursed Rebate Rate (Charge Basis 3) 0.69
Unbundled Fund  
Previous AMC 0.63
New AMC 0.63
Previous TER 0.80
New TER 0.81
Previous Reimbursed Rebate Rate(Charge Basis 3) 0.07
New Reimbursed Rebate Rate (Charge Basis 3) 0.00

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