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Aberdeen Sterling Corporate Bond Merger 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 Aberdeen Fund Managers Limited
Fund Name Aberdeen Sterling Corporate Bond
Type of change Merger
Date merger effective from 14 September 2015
Deadline for investors to switch out if appropriate 10 September 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? Yes
Will ongoing direct debit payments automatically be redirected into the new fund? Yes
3. Fund objectives  
Previous fund objective To produce an attractive level of income primarily through investment in a portfolio of investment grade debt, non-investment grade debt and debt-related securities. The Fund may also invest in derivatives, including forwards, and in collective investment schemes, including those managed by the ACD or companies related to the ACD.
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. The Fund may also invest in other transferable securities, including investment grade and sub-investment grade debt and debt related securities denominated in any currency, including those issued by governments, public bodies and supra-national issuers.
4. Charging structure  
Bundled Fund  
Previous AMC 1.00
New AMC 1.00
Previous TER 1.19
New TER 1.12
Previous Reimbursed Amount (Charge Basis 2) TBC
New Reimbursed Amount(Charge Basis 2) TBC
Previous Reimbursed Rebate Rate(Charge Basis 3) TBC
New Reimbursed Rebate Rate (Charge Basis 3) TBC
Unbundled Fund  
Previous AMC 0.50
New AMC 0.50
Previous TER 0.69
New TER 0.62
Previous Reimbursed Rebate Rate(Charge Basis 3) TBC
New Reimbursed Rebate Rate (Charge Basis 3) TBC
Old Mutual Wealth (OMW) Fund  
Previous TER 0.88
New TER TBC

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