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Henderson Institutional Emerging Markets Merger details

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Old Mutual International Guernsey Limited
Fund Group Henderson Global Investors Ltd
Fund Name Henderson Institutional Emerging Markets
Type of change Merger
Date merger effective from 15 February 2016
Deadline for investors to switch out if appropriate 11 February 2016
Is the event subject to shareholder approval? Approved
2. Merger details  
Name of the new fund (the fund that the previous fund is being merged into) Henderson Emerging Markets Opportunities
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 aim to provide capital growth by investing in emerging market companies. These companies will either be incorporated in emerging markets or, if incorporated elsewhere, derive a majority of their revenue from, or from activities related to, emerging markets.
New fund objective To aim to achieve a long-term return, in excess of the long-term return that is typically achieved from emerging equity markets, by investing predominantly in companies having their registered office in emerging markets, companies that do not have their registered office in emerging markets but either (i) carry out a predominant proportion of their business activity in these markets, or (ii) are holding companies which predominantly own companies with registered offices in emerging markets.
4. Charging structure  
Bundled Fund  
Previous AMC 1.50%
New AMC 1.50%
Previous TER 1.76%
New TER 1.77%
Previous Reimbursed Amount (Charge Basis 2) 0.50%
New Reimbursed Amount(Charge Basis 2) 0.50%
Previous Reimbursed Rebate Rate(Charge Basis 3) 0.83%
New Reimbursed Rebate Rate (Charge Basis 3) 0.83%
Unbundled Fund  
Previous AMC 1.00%
New AMC 0.75%
Previous TER 1.10%
New TER 0.93%
Previous Reimbursed Rebate Rate(Charge Basis 3) 0.33%
New Reimbursed Rebate Rate (Charge Basis 3) 0.08%

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