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LF Prudential Dynamic Focused (Various) change details

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group LF Prudential Investment Funds
Fund Name LF Prudential Dynamic Focused 60-100 Portfolio
Type of change Name, Objective & AMC Change
Date change effective from 21 January 2019
Is the event subject to shareholder approval? No
2. Name change details  
Previous fund name LF Prudential Dynamic Focused 60-100 Portfolio
New fund name LF Prudential Risk Managed Passive 5
3. Fund objectives  
Previous fund objective To achieve a long-term total return (the combination of income and growth of capital) by investing mainly in collective investment schemes. Between 60% and 100% of the fund will be invested in schemes whose predominant exposure is to equities.

The fund invests in other funds which use active and passive management approaches in order to provide a well-diversified, indirect exposure to global fixed income and variable rate assets, cash, near cash, equities and/or immovable property. 
New fund objective To achieve long term (in excess of 5 years) total return (the combination of income and growth of capital) by investing in a mix of assets from around the world and aims to limit volatility over rolling 5 year periods to 17%.

The fund aims to achieve its objective through investing at least 70% in passive collective investment schemes (eg funds which track an index).
4. Change to charging structure  
Unbundled Fund -U2  
Previous AMC 0.60%
New AMC 0.23%
Previous Reimbursed Rebate Rate (Charge Basis 3) 0.00%
New Reimbursed Rebate Rate (Charge Basis 3) 0.00%

 

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group LF Prudential Investment Funds
Fund Name LF Prudential Dynamic Focused 40-80 Portfolio
Type of change Name, Objective & AMC Change
Date change effective from 21 January 2019
Is the event subject to shareholder approval? No
2. Name change details  
Previous fund name LF Prudential Dynamic Focused40-80 Portfolio
New fund name LF Prudential Risk Managed Passive 4
3. Fund objectives  
Previous fund objective To achieve a long-term total return (the combination of income and growth of capital) by investing mainly in collective investment schemes. Between 40% and 80% of the fund will be invested in schemes whose predominant exposure is to equities.

The fund invests in other funds which use active and passive management approaches in order to provide a well-diversified, indirect exposure to global fixed income and variable rate assets, cash, near cash, equities and/or immovable property. 
New fund objective To achieve long term (in excess of 5 years) total return (the combination of income and growth of capital) by investing in a mix of assets from around the world and aims to limit volatility over rolling 5 year periods to 14.5%

The fund aims to achieve its objective through investing at least 70% in passive collective investment schemes (eg funds which track an index).
4. Change to charging structure  
Unbundled Fund -U2  
Previous AMC 0.60%
New AMC 0.23%
Previous Reimbursed Rebate Rate (Charge Basis 3) 0.00%
New Reimbursed Rebate Rate (Charge Basis 3) 0.00%

 

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group LF Prudential Investment Funds
Fund Name LF Prudential Dynamic Focused 20-55 Portfolio
Type of change Name, Objective & AMC Change
Date change effective from 21 January 2019
Is the event subject to shareholder approval? No
2. Name change details  
Previous fund name LF Prudential Dynamic Focused 20-55 Portfolio
New fund name LF Prudential Risk Managed Passive 3
3. Fund objectives  
Previous fund objective To achieve a long-term total return (the combination of income and growth of capital) by investing mainly in collective investment schemes. Between 20% and 55% of the fund will be invested in schemes whose predominant exposure is to equities.

The fund invests in other funds which use active and passive management approaches in order to provide a well-diversified, indirect exposure to global fixed income and variable rate assets, cash, near cash, equities and/or immovable property. 
New fund objective To achieve long term (in excess of 5 years) total return (the combination of income and growth of capital) by investing in a mix of assets from around the world and aims to limit volatility over rolling 5 year periods to 12%.

The fund aims to achieve its objective through investing at least 70% in passive collective investment schemes (eg funds which track an index).
4. Change to charging structure  
Unbundled Fund -U2  
Previous AMC 0.60%
New AMC 0.23%
Previous Reimbursed Rebate Rate (Charge Basis 3) 0.00%
New Reimbursed Rebate Rate (Charge Basis 3) 0.00%

 

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group LF Prudential Investment Funds
Fund Name LF Prudential Dynamic Focused 10-40 Portfolio
Type of change Name, Objective & AMC Change
Date change effective from 21 January 2019
Is the event subject to shareholder approval? No
2. Name change details  
Previous fund name LF Prudential Dynamic Focused10-40 Portfolio
New fund name LF Prudential Risk Managed Passive 2
3. Fund objectives  
Previous fund objective To achieve a long-term total return (the combination of income and growth of capital) by investing mainly in collective investment schemes. Between 10% and 40% of the fund will be invested in schemes whose predominant exposure is to equities.

The fund invests in other funds which use active and passive management approaches in order to provide a well-diversified, indirect exposure to global fixed income and variable rate assets, cash, near cash, equities and/or immovable property. 
New fund objective To achieve long term (in excess of 5 years) total return (the combination of income and growth of capital) by investing in a mix of assets from around the world and aims to limit volatility over rolling 5 year periods to 10%.

The fund aims to achieve its objective through investing at least 70% in passive collective investment schemes (eg funds which track an index).
4. Change to charging structure  
Unbundled Fund -U2  
Previous AMC 0.60%
New AMC 0.23%
Previous Reimbursed Rebate Rate (Charge Basis 3) 0.00%
New Reimbursed Rebate Rate (Charge Basis 3) 0.00%

 

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group LF Prudential Investment Funds
Fund Name LF Prudential Dynamic Focused 0-30 Portfolio
Type of change Name, Objective & AMC Change
Date change effective from 21 January 2019
Is the event subject to shareholder approval? No
2. Name change details  
Previous fund name LF Prudential Dynamic Focused 0-30 Portfolio
New fund name LF Prudential Risk Managed Passive 1
3. Fund objectives  
Previous fund objective To achieve a long-term total return (the combination of income and growth of capital) by investing mainly in collective investment schemes. No more than 30% of the fund will be invested in schemes whose predominant exposure is to equities.

The fund invests in other funds which use active and passive management approaches in order to provide a well-diversified, indirect exposure to global fixed income and variable rate assets, cash, near cash, equities and/or immovable property. 
New fund objective To achieve long term (in excess of 5 years) total return (the combination of income and growth of capital) by investing in a mix of assets from around the world and aims to limit volatility over rolling 5 year periods to 9%.

The fund aims to achieve its objective through investing at least 70% in passive collective investment schemes (eg funds which track an index).
4. Change to charging structure  
Bundled Fund  
Previous AMC 1.35%
New AMC 0.48%
Current Trail Commission (Charge Basis 1) 0.35%
New Trail Commission (Charge Basis 1) TBC
Previous Reimbursed Amount (Charge Basis 2) 0.35%
New Reimbursed Amount (Charge Basis 2) TBC
Previous Reimbursed Rebate Rate (Charge Basis 3) 0.75%
New Reimbursed Rebate Rate (Charge Basis 3) TBC
Unbundled Fund -U2  
Previous AMC 0.60%
New AMC 0.23%
Previous Reimbursed Rebate Rate (Charge Basis 3) 0.00%
New Reimbursed Rebate Rate (Charge Basis 3) 0.00%


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