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Objective and policy changes

Name Description Fund Range Effective Date
M&G Extra Income Objective Change Old Mutual Wealth's platform 16 Dec 2016
Current Objective

To invest mainly in a range of UK equities with the aim of achieving a high income stream which also increases over time. The target yield is 50% higher than that of the FTSE All-Share Index but this may vary in the shorter term. Although income will be the primary consideration, the investment manager will also be mindful of total return (the combination of income and growth of capital).

New Objective

Aims to increase income distributions over time and targets a yield greater than that of the FTSE All-Share Index. Although income will be the primary consideration, the investment manager will also aim for capital growth.

Exclamation
Please note: this fund will also be changing its name.
M&G Extra Income -U Objective Change Old Mutual Wealth's platform 16 Dec 2016
Current Objective

To invest mainly in a range of UK equities with the aim of achieving a high income stream which also increases over time. The target yield is 50% higher than that of the FTSE All-Share Index but this may vary in the shorter term. Although income will be the primary consideration, the investment manager will also be mindful of total return (the combination of income and growth of capital).

New Objective

Aims to increase income distributions over time and targets a yield greater than that of the FTSE All-Share Index. Although income will be the primary consideration, the investment manager will also aim for capital growth.

Exclamation
Please note: this fund will also be changing its name and Annual Management Charge (AMC).
Legg Mason IF Martin Currie Global Equity Income and Legg Mason IF Martin Currie Global Equity Income -U Objective Change Old Mutual Wealth's platform and Old Mutual Wealth Life Assurance Limited 02 Nov 2016
Current Investment Objective

To provide an annual yield in excess of the MSCI World Index (Net) as well as the potential for capital appreciation by investing in securities of companies listed globally. Although the Fund seeks to provide an annual yield in excess of that of the MSCI World Index (Net) as well as the potential for capital growth, this objective is not guaranteed, the objective may not be achieved; the Fund may experience negative returns and investors may not get back the amount originally invested.

New Investment Objective

To achieve income, with the potential for capital growth over the long term by investing in securities of companies listed globally.

There will be no change to the IMA sector, TW sector or fund type for illustrations.

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Please note: this event has received shareholder approval.
various Objective Changes Old Mutual Wealth's platform 01 Oct 2016
various Objective Changes Old Mutual Wealth's platform 01 Oct 2016
various Investment policy changes Old Mutual Wealth's platform 26 Sep 2016
various Objective Changes Old Mutual Wealth's platform 24 Sep 2016
HC Sequel Global Opportunities Objective change Old Mutual Wealth's platform 19 Sep 2016
Current Objective

To provide capital returns over the medium to long term by investing in a diversified global portfolio of mainly equities, and may also invest in fixed interest securities including government and corporate bonds, money market instruments, deposits, units in regulated investment schemes and warrants.

New Objective

To provide a stable income (of 4% per annum) and capital growth over the medium term, and it aims to achieve a return over the full investment cycle (not being less than 5 years) of 5% over the return that could be expected from long term cash deposits. The fund will seek to achieve its objective by investing directly and indirectly in UK and overseas equities, fixed interest securities, money market instruments, units or shares in collective investment schemes, cash and near cash.

Exclamation
Please note: the fund will also be changing its name to HC Sequel Global Target Income Strategy, and the name and objective change has now been approved.
Aberdeen Managed Distribution fund Objective change Old Mutual Wealth's platform and Old Mutual Wealth Life Assurance Limited 01 Sep 2016
Current Investment Objective

To achieve both capital growth and an attractive level of income from a diversified portfolio. The Fund may invest in transferable securities and may also hold units in collective investment schemes (in particular, schemes managed by the Investment Advisor), money market instruments, warrants, derivatives and forward transactions, cash and near cash deposits.

New Investment Objective

To provide income combined with long term capital growth by investing in a globally diversified portfolio of assets. The majority of the Fund will be exposed to Equity and Equity-Related securities, Investment grade and sub-investment grade Debt and debt-related securities issued by governments, government-related bodies, and corporations.

Exclamation
Please note: this fund will also be changing name to Aberdeen Diversified Income.
Schroder Global Real Estate Securities Objective change Old Mutual Wealth's platform and Old Mutual Wealth Life Assurance Limited 01 Aug 2016
Current Objective

To provide a total return primarily through investment in real estate investment trusts, equity and debt securities of other types of property companies worldwide.

New Objective

To provide income and capital growth by investing in equity and equity related securities of real estate companies worldwide.

Exclamation
Please note: this fund will also be changing its name to Schroder Global Cities Real Estate.
Schroder Global Real Estate Securities –U Objective change Old Mutual Wealth's platform 01 Aug 2016
Current Objective

To provide a total return primarily through investment in real estate investment trusts, equity and debt securities of other types of property companies worldwide.

New Objective

To provide income and capital growth by investing in equity and equity related securities of real estate companies worldwide.

Exclamation
Please note: this fund will also be changing its name to Schroder Global Cities Real Estate –U.
Schroder Global Real Estate Securities –U2 Objective change Old Mutual Wealth's platform 01 Aug 2016
Current Objective

To provide a total return primarily through investment in real estate investment trusts, equity and debt securities of other types of property companies worldwide.

New Objective

To provide income and capital growth by investing in equity and equity related securities of real estate companies worldwide.

Exclamation
Please note: this fund will also be changing its name to Schroder Global Cities Real Estate –U2.
Allianz Renminbi Currency Objective change Old Mutual Wealth's platform 15 Jul 2016
Current Investment Objective

To generate a capital return based on the offshore Chinese Renminbi (so-called "CNH";CNH represents the exchange rate of Chinese Renminbi (CNY) that trades offshore in Hong Kong or markets outside the People's Republic of China) market. The fund invests into offshore Chinese Renminbi denominated deposits issued in Hong Kong or outside the People's Republic of China.

New Investment Objective

To provide investors with a combination of long-term capital growth and income by primarily investing in interest-bearing securities of the China bond market.

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Please note: this fund will also be changing name to Allianz China Strategic Bond.
Margetts Sentinel Enterprise and Margetts Sentinel Enterprise –U Objective change Old Mutual Wealth's platform and Old Mutual Wealth Life Assurance Limited 01 Jul 2016
Exclamation
Please note: these funds will also be changing their Annual Management Charge (AMC).
Allianz Sterling Total Return and Allianz Sterling Total Return -U Objective Change Old Mutual Wealth's platform and Old Mutual Wealth Life Assurance Limited 21 Jun 2016
Current Objective

To maximise total return primarily through investment in fixed income securities issued by corporate, government, supranational institutions and local regional agencies, as well as any other security. The fund may invest internationally although investment will predominantly be in the United Kingdom and Europe. 

New Objective

To maximise total return primarily through investment directly in debt securities issued by corporate, government, supranational institutions and local regional agencies or by gaining exposure indirectly through the use of derivatives, as well as any other security. The fund will invest internationally although at least 80% of its assets shall be invested in Sterling denominated (or hedged back to Sterling) debt securities.

Exclamation
Please note: these funds will also be changing name to Allianz Strategic Bond and Allianz Strategic Bond -U.
Allianz BRIC Stars & Allianz BRIC Stars -U Objective change Old Mutual Wealth's platform and Old Mutual Wealth Life Assurance Limited 26 May 2016
Old Objective change

To achieve capital growth in the long term by investing mainly in the equity markets of Brazil, Russia, India and China. The ACD will invest at least two thirds of the Fund’s assets in equities and securities equivalent to equities (e.g. American Depositary Receipts, Global Depositary Receipts) issued by companies that have their registered office in the Federal Republic of Brazil, the Russian Federation, the Republic of India or the People’s Republic of China (“BRIC countries”), or which generate a significant proportion of their sales and/or earnings in BRIC countries.

New Objective change

To achieve capital growth in the long term by investing mainly in the equity markets of countries which are represented in the MSCI Emerging Markets Index (each an “Emerging Market Country” and together “Emerging Market Countries”). The ACD will invest at least 80% of the Fund’s assets in equities and securities equivalent to equities (e.g. American Depositary Receipts, Global Depositary Receipts, equity linked notes, etc.) in the equity markets of Emerging Market Countries.

Exclamation
Please note: this event has now been approved and the fund also be changing its name.
Fidelity UK Select Objective change Old Mutual Wealth's platform and Old Mutual Wealth Life Assurance Limited 13 May 2016
Old Objective change

To achieve long term capital growth from a portfolio primarily invested in the shares of UK companies. The portfolio is likely to have a bias towards the shares of medium and smaller-sized companies although the ACD is not restricted in its choice of company by either size or industry.

New Objective change

To achieve long term capital growth from a portfolio primarily invested in the shares of UK companies. The portfolio is likely to be concentrated although the ACD is not restricted in terms of number of holdings and is not restricted in its choice of company by either size or industry.

Prof Fidelity UK Select Objective change Professional Life Assurance Company Ltd 13 May 2016
Old Objective change

To achieve long term capital growth from a portfolio primarily invested in the shares of UK companies. The portfolio is likely to have a bias towards the shares of medium and smaller-sized companies although the ACD is not restricted in its choice of company by either size or industry.

New Objective change

To achieve long term capital growth from a portfolio primarily invested in the shares of UK companies. The portfolio is likely to be concentrated although the ACD is not restricted in terms of number of holdings and is not restricted in its choice of company by either size or industry.

Fidelity UK Select -U Objective change Old Mutual Wealth's platform 13 May 2016
Old Objective change

To achieve long term capital growth from a portfolio primarily invested in the shares of UK companies. The portfolio is likely to have a bias towards the shares of medium and smaller-sized companies although the ACD is not restricted in its choice of company by either size or industry.

New Objective change

To achieve long term capital growth from a portfolio primarily invested in the shares of UK companies. The portfolio is likely to be concentrated although the ACD is not restricted in terms of number of holdings and is not restricted in its choice of company by either size or industry.

Premier Defensive Growth & Premier Defensive Growth –U Objective change Old Mutual Wealth's platform 03 May 2016
Old Objective change

To generate positive returns over a rolling 12 months basis. However, there is no guarantee that this objective will be achieved over that specific, or any, time period and there is always a risk of loss to your original capital.

New Objective change

To generate positive returns over a rolling 36 months basis. However, there is no guarantee that this objective will be achieved over that specific, or any, time period and there is always a risk of loss to your original capital.

Exclamation
Please note: this change has received shareholder approval.
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