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Investec Strategic 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 Investec Asset Management
Fund Name Investec Strategic Bond
Type of change Merger
Date merger effective from 3 October 2016
Deadline for investors to switch out if appropriate 29 September 2016
Is the event subject to shareholder approval? Yes
2. Merger details  
Name of the new fund (the fund that the previous fund is being merged into) Investec Diversified Income
Will the phasing option automatically continue with the new fund replacing the previous fund? TBC
Will the rebalancing option automatically continue with the new fund replacing the previous fund? TBC
Will ongoing direct debit payments automatically be redirected into the new fund? Yes
3. Fund objectives  
Previous fund objective To provide an income primarily through investment in high quality bonds. The portfolio will be managed to minimise any currency risk in Sterling, and derivatives may be used for investment purposes. 
New fund objective To provide income with the opportunity for long-term capital growth. The Fund will invest in both fixed interest instruments and equities and in derivatives the underlying assets of which are fixed interest instruments and equities in order to benefit from risk reduction through diversification. Investment will be orientated towards fixed interest instruments and may include international as well as UK investments.
4. Charging structure  
Bundled Fund  
Previous AMC 1.00
New AMC 1.00
Previous TER 1.11
New TER 1.13
Previous Reimbursed Amount (Charge Basis 2) 0.25
New Reimbursed Amount(Charge Basis 2) TBC
Previous Reimbursed Rebate Rate(Charge Basis 3) 0.55
New Reimbursed Rebate Rate (Charge Basis 3) TBC
Unbundled Fund  
Previous AMC 0.50
New AMC 0.50
Previous TER 0.61
New TER 0.63
Previous Reimbursed Rebate Rate(Charge Basis 3) 0.05
New Reimbursed Rebate Rate (Charge Basis 3) TBC
Old Mutual Wealth (OMW) Fund  
Previous TER 0.85
New TER TBC


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