This site is for financial advisers only, Click here for the consumer site.

Share

Aberdeen Corporate Bond Merger details

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Old Mutual International Guernsey Limited
Fund Group Aberdeen Fund Managers Limited
Fund Name Aberdeen Corporate Bond
Type of change Merger
Date merger effective from 20 July 2015
Deadline for investors to switch out if appropriate 16 July 2015
Is the event subject to shareholder approval? Yes
Will the event result in a Charge Basis change for CIA and ISA clients on Charge Basis 1 or 2? Yes
2. Merger details  
Name of the new fund (the fund that the previous fund is being merged into) Aberdeen Corporate Bond
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? For clients with a Direct Debit collection on 20 July 2015 rebalancing will cease. For clients with a Direct Debit collection after 20 July 2015 rebalancing will be redirected into the receiving funds.
Will ongoing direct debit payments automatically be redirected into the new fund? Yes
3. Fund objectives  
Previous fund objective To provide a combination of income and growth of capital by investing in a portfolio of predominantly bonds. The Fund will predominantly invest in investment-grade sterling denominated corporate bonds.
New fund objective To provide a combination of income and capital growth by investing predominantly in Investment grade corporate Debt and debt-related securities denominated in (or hedged back to) sterling.
4. Charging structure  
Bundled Fund  
Previous AMC 1.00
New AMC 1.00
Previous TER 1.12
New TER 1.12
Previous Reimbursed Amount (Charge Basis 2) 0.25
New Reimbursed Amount (Charge Basis 2) 0.35
Previous Reimbursed Rebate Rate (Charge Basis 3) 0.60
New Reimbursed Rebate Rate (Charge Basis 3) 0.65
Unbundled Fund  
Previous AMC 0.50
New AMC 0.50
Previous TER 0.62
New TER 0.62
Previous Reimbursed Rebate Rate (Charge Basis 3) 0.10
New Reimbursed Rebate Rate (Charge Basis 3) 0.15

Copy client correspondence

Financial Adviser Verification