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Legg Mason Name Objective and annual management charge Change 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 Legg Mason Investment Funds Limited
Fund Name Legg Mason IF Western Asset Global Blue Chip Bond
Type of change Name, Objective & AMC change
Date change effective from 24 November 2015
Is the event subject to shareholder approval? Yes
2. Name change details  
Previous fund name Legg Mason IF Western Asset Global Blue Chip Bond
New fund name Legg Mason IF Western Asset Retirement Income Bond
3. Fund objectives  
Previous fund objective To achieve a total return via income yield and capital appreciation while seeking to mitigate capital erosion. The Fund seeks to achieve its objective by investing in a range of fixed interest securities including, but not limited to, corporate bonds, government bonds, asset backed securities and mortgage backed securities.
New fund objective To provide a regular income stream, in excess of the prevailing level of interest rates in the U.K., with a focus on capital preservation. The Fund seeks to achieve its objective by investing in a range of fixed interest securities including but not limited to corporate bonds, government bonds and asset backed securities.
4. Change to charging structure  
Bundled Fund  
Previous AMC 1.00
New AMC 0.70
Previous Reimbursed Amount (Charge Basis 2) 0.25
New Reimbursed Amount (Charge Basis 2) TBC
Previous Reimbursed Rebate Rate (Charge Basis 3) 0.50
New Reimbursed Rebate Rate (Charge Basis 3) TBC
Unbundled Fund  
Previous AMC 0.50
New AMC 0.30
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 1.14
New TER TBC

 

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