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Fidelity Investment Services Ltd Objective Changes

The funds
Fund range: Old Mutual Wealth's platform and Old Mutual Wealth Life Assurance Limited
Fidelity Extra Income
 
Fund range: Old Mutual Wealth Life Assurance Limited
Fidelity Institutional Long Bond
Fidelity MoneyBuilder Balanced
 
Fund range: Old Mutual Wealth's platform
Fidelity Extra Income –U

Fidelity Global High Yield
Fidelity Global High Yield - U
Fidelity MoneyBuilder Balanced
Fidelity MoneyBuilder Balanced -U
Fidelity MoneyBuilder Income
Fidelity MoneyBuilder Income -U
Fidelity Strategic Bond
Fidelity Strategic Bond -U

Fidelity Extra Income

 

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

Fidelity Investment Services Ltd

Fund Name

Fidelity Extra Income

Type of change

Objective and Investment Policy Change

Date change effective from

2/10/2015

Is the event subject to shareholder approval?

Yes

Fund objectives  
Previous fund objective To achieve a relatively high level of income from a portfolio primarily invested in a combination of UK corporate and government bonds and other fixed income and money market securities, preference shares and convertibles.
New fund objective To achieve a relatively high level of income. The fund will obtain exposure primarily to UK corporate and government bonds and other fixed income and money market securities, preference shares and convertibles. The fund may invest directly in securities or may achieve exposure indirectly through the use of derivatives. 
 
Fidelity Global High Yield  
Fund details:  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group Fidelity Investment Services Ltd
Fund Name Fidelity Global High Yield
Type of change Objective and Investment Policy Change
Date change effective from 2/10/2015
Is the event subject to shareholder approval? Yes
Fund objectives  
Previous fund objective To achieve a combination of both income and capital growth from a portfolio primarily invested in high-yielding, sub investment grade securities of issuers globally (those with a rating of BB+ or less from the Standard & Poor's or equivalent rating from an internationally recognised rating agency). 
New fund objective To achieve both capital growth and income. The fund will obtain exposure primarily to high-yielding, sub-investment grade securities of issuers globally. The fund may invest directly in high-yielding, sub investment grade securities of issuers globally (those with a rating of BB+ or less from Standard and Poor’s or equivalent rating from an internationally recognised rating agency) or may achieve exposure indirectly through the use of derivatives.
 
Fidelity Institutional Long Bond  
Fund details:  
Companies impacted

Old Mutual Wealth Life Assurance Limited
Professional Life Assurance Company Limited

Fund Group Fidelity Investment Services Ltd
Fund Name Fidelity Institutional Long Bond
Type of change Objective and Investment Policy Change
Date change effective from 2/10/2015
Is the event subject to shareholder approval? Yes
Fund objectives  
Previous fund objective To achieve both capital growth and income. At least half of the portfolio will be invested in UK and overseas gilts and other fixed interest securities with a remaining maturity of at least 15 years. The fund may also invest in other UK and overseas gilts and fixed interest securities.
New fund objective To achieve both capital growth and income. The fund will obtain exposure mainly to UK and overseas gilts and other fixed interest securities. The fund may invest directly in UK and overseas gilts and other fixed interest securities with a remaining maturity of at least 15 years or may achieve exposure indirectly through the use of derivatives.
 
Fidelity MoneyBuilder Balanced  
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 Fidelity Investment Services Ltd
Fund Name Fidelity Moneybuilder Balanced
Type of change Objective and Investment Policy Change
Date change effective from 2/10/2015
Is the event subject to shareholder approval? Yes
Fund objectives  
Previous fund objective To achieve an attractive level of income together with some long term capital growth from a portfolio invested primarily in the UK. The portfolio will be invested in a combination of UK government and corporate bonds and other fixed interest securities, preference shares, convertibles and ordinary shares.
New fund objective To achieve an attractive level of income together with some long term capital growth. The fund will obtain exposure primarily to the UK. The fund may invest directly in UK government and corporate bonds and other fixed interest securities, preference shares, convertibles and ordinary shares or may achieve exposure indirectly through the use of derivatives.
 
Fidelity MoneyBuilder Income  
Fund details:  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Old Mutual International Guernsey Limited
Fund Group Fidelity Investment Services Ltd
Fund Name Fidelity MoneyBuilder Income
Type of change Objective and Investment Policy Change
Date change effective from 2/10/2015
Is the event subject to shareholder approval? Yes
Fund objectives  
Previous fund objective To achieve an attractive level of income from a portfolio primarily invested in sterling-denominated (or hedged back to Sterling) fixed interest securities. 
New fund objective To achieve an attractive level of income. The fund will obtain exposure primarily to sterling-denominated (or hedged back to sterling) fixed interest securities. The fund may invest directly in fixed interest securities or may achieve exposure indirectly through the use of derivatives.
 
Fidelity Strategic Bond  
Fund details:  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Old Mutual International Guernsey Limited
Fund Group Fidelity Investment Services Ltd
Fund Name Fidelity Strategic Bond
Type of change Objective and Investment Policy Change
Date change effective from 2/10/2015
Is the event subject to shareholder approval? Yes
Fund objectives  
Previous fund objective To achieve a relatively high income with the possibility of capital growth from a portfolio primarily invested in sterling-denominated (or hedged back to sterling) fixed interest securities.
New fund objective To achieve a relatively high income with the possibility of capital growth. The fund will obtain exposure primarily to sterling-denominated (or hedged back to sterling) fixed interest securities. The fund may invest directly in fixed interest securities or may achieve exposure indirectly through the use of derivatives.

 

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