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Aberdeen Absolute Return Bond

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 Aberdeen Fund Managers Limited
Fund Name Aberdeen Absolute Return Bond
Type of change Merger
Date merger effective from 1 September 2015
Deadline for investors to switch out if appropriate 27 August 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 Absolute Return 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? Yes
Will ongoing direct debit payments automatically be redirected into the new fund? Yes
3. Fund objectives  
Previous fund objective To achieve a positive capital return, regardless of market conditions over rolling 12-month periods. There is no guarantee that a positive return will be achieved over any time period and capital may be at risk. Investors may not get back the full amount originally invested. The physical assets (i.e. assets other than derivatives) in which the fund invests (directly or indirectly) will predominantly consist of fixed interest securities (including government and supranational bonds, corporate bonds, non-investment grade bonds and emerging markets debt), index linked securities, money market instruments, cash, near cash, and deposits.
New fund objective To achieve a positive return over a rolling 12-month period, independent of prevailing market conditions, by investing predominantly in debt and debt-related securities issued by governments, supranational institutions, government-related bodies and/or corporations, as well as money market instruments, cash, near cash and deposits. There is no guarantee that a positive return will be achieved over 12 months or any time period and capital may be at risk. Investors may not get back the full amount invested.
4. Charging structure  
Bundled Fund  
Previous AMC 1.00
New AMC 1.00
Previous TER 1.13
New TER 1.13
Previous Reimbursed Amount (Charge Basis 2) 0.25
New Reimbursed Amount (Charge Basis 2) 0.25
Previous Reimbursed Rebate Rate (Charge Basis 3) 0.60
New Reimbursed Rebate Rate (Charge Basis 3) 0.60
Unbundled Fund  
Previous AMC 0.50
New AMC 0.50
Previous TER 0.63
New TER 0.63
Previous Reimbursed Rebate Rate (Charge Basis 3) 0.10
New Reimbursed Rebate Rate (Charge Basis 3) 0.10
Old Mutual Wealth (OMW) Fund  
Previous TER 0.83
New TER 0.82

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