Notification of Fund Feature Changes
Following a recent review of our fund range, we are making the following changes to all of our existing funds:
1.1 Changes to Multi Manager and DTR Funds:
- Wealth Builder Growth Fund converting into Diversified Dynamic Return (DDR) on 26 October 2007.
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Multi-Manager Funds ICVC
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- Wealth Builder High Income Fund converting into Diversified High Income (DHI) on 26 October 2007.
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Multi-Manager Funds ICVC
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- Wealth Builder Balanced Fund changing Objective and Policy on 26 October
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Multi-Manager Funds ICVC
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- UK Dynamic Managed Fund (no changes)
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Multi-Manager Funds ICVC
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- Global Dynamic Managed Fund (Merging into DDR on 27 October 2007)
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Multi-Manager Funds ICVC
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- US Portfolio (Merging into DDR on 27 October 2007)
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Portfolio Funds ICVC
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- UK Equity Income Portfolio (Merging into DHI on 3 November 2007)
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Portfolio Funds ICVC
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Diversified Target Return Fund ICVC
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1.1.2 Plans to amend the fees and charges applying to the funds
1.1.3. Plans to make changes to the operation of the funds
- Publication of prices
- Changes to investment minimum
- Change to names of share classes
- Change of Valuation Point
1.1.4. Payment of Distributions
The distribution payment method is changing for new customers only.
1.2 Changes to Professional and Discretionary Funds:
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Asia Pacific Equity Fund
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Investment Professional Funds ICVC
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Equity High Income Fund
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Investment Professional Funds ICVC
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European Equity Fund
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Investment Professional Funds ICVC
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European Ethical Fund
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Investment Professional Funds ICVC
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Evergreen Fund
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Investment Professional Funds ICVC
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Foundation Growth Fund
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Investment Professional Funds ICVC
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Global Equity Fund
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Investment Professional Funds ICVC
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Japan Equity Fund
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Investment Professional Funds ICVC
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Monthly Income Fund
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Investment Professional Funds ICVC
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UK Corporate Bond Fund
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Investment Professional Funds ICVC
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UK Discretionary Fund
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Investment Professional Funds ICVC
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UK Small Cap Fund
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Investment Professional Funds ICVC
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US Equity Fund
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Investment Professional Funds ICVC
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European Discretionary Fund
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Investment Discretionary Funds ICVC
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European Small Cap Fund
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Investment Discretionary Funds ICVC
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Monthly Income Bond Fund
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Investment Discretionary Funds ICVC
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UK Equity Fund
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Investment Discretionary Funds ICVC
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European Bond Fund (closes 26 Nov 2007)
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Discretionary Funds ICVC
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1.2.1 Plans to amend the fees and charges applying to the funds
1.2.2 Plans to make changes to the Operation of the Funds
1.3. Changes to the Names of the Following Funds
Two of our equity funds will be renamed to more clearly reflect our existing investment approach: Insight Global Equity Fund will be known as Insight Global Alpha Fund; Insight European Discretionary Fund will be known as Insight European Alpha Fund.
1.4 Changes to the Insight Investment Monthly Income Bond Fund
The N share class of this fund – which includes an exit fee rather than an initial charge – will be closed to new investment. However, investors will still be able to top up through the A share class.
Please refer to the Circular(s) for further information.
If you would like any assistance, or have any queries about the Funds closure, please speak to your financial adviser or please call our Customer Services Team on 0845 777 2233.
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