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River & Mercantile UK Equity Unconstrained Fund details

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Old Mutual International Guernsey Limited
Fund Group River & Mercantile Asset Management
Fund Name River & Mercantile UK Equity Unconstrained
Type of change Name, Objective & AMC Change
Date change effective from 01/01/2016
Is the event subject to shareholder approval? Yes (Name and Objective change only).  Shareholder approval received on 18/12/2015.
2. Name change details  
Previous fund name River & Mercantile UK Equity Unconstrained
New fund name River & Mercantile UK Dynamic Equity
3. Fund objectives  
Previous fund objective To achieve capital growth through investing in a concentrated portfolio which will primarily consist of UK equities.  The fund will not be restricted by reference to a benchmark, sector constraints or company size.
New fund objective To achieve capital growth through investing in a concentrated portfolio which will primarily consist of direct and indirect holdings (via derivatives) in UK equities.  The fund may vary the proportion of direct and indirect holdings of UK equities in the portfolio dynamically to suit prevailing market conditions.  The fund will not be restricted by reference to a benchmark, sector constraints or company size.
4. Change to charging structure  
Bundled Fund  
Previous AMC 1.75%
New AMC 1.50%
Previous Reimbursed Amount (Charge Basis 2) 0.50%
New Reimbursed Amount (Charge Basis 2) 0.35%
Previous Reimbursed Rebate Rate (Charge Basis 3) 1.00%
New Reimbursed Rebate Rate (Charge Basis 3) 0.75%
Unbundled Fund  
Previous AMC 1.00%
New AMC 0.75%
Previous Reimbursed Rebate Rate (Charge Basis 3) 0.25%
New Reimbursed Rebate Rate (Charge Basis 3) 0.00%
Old Mutual Wealth (OMW) Fund  
Previous TER N/A
New TER N/A

 

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