On 11 June 2024, we’re updating the fund objective and benchmark for the Aegon Global Sustainable Multi-Asset Growth (AMT) fund. The additional expenses will also reduce from 0.18% to 0.00% and the Annual Management Charge (AMC) will reduce by 0.25% across all share classes.
The AMC covers the costs of managing and administering the fund.
The changes in more detail
The underlying fund manager, Ninety One, has let us know it plans to merge the underlying fund with a fund we don’t offer. Because of this, from 11 June 2024, the Aegon Global Sustainable Multi-Asset Growth (AMT) fund will change to invest in the Aegon Schroders Sustainable Future Multi-Asset (BLK) fund, managed by Schroders.
To make sure the AMT version of the fund matches the new underlying fund, we’re updating the fund objective, benchmark, additional expenses and AMC.
More details are in the table below with the changes to the fund objective highlighted.
| Old fund objective |
New fund objective |
|---|---|
| This fund aims to provide capital growth (to grow the value of your investment) and income over rolling 5-year periods by investing in assets across the globe such as the shares of companies, bonds, and alternative assets. Derivatives may also be used for investment purposes. The fund focuses on investing in companies and countries the fund manager believes to have policies, operations and/or business models that aim to minimise their harmful effects on society and the environment, or whose products and/or services seek to benefit society and the environment. The fund is actively managed, so returns may not replicate those of the benchmark | This fund aims to outperform the benchmark and provide capital growth and income over the long-term by investing in assets across the globe such as the shares of companies, bonds, and alternative assets. Derivatives may also be used for investment purposes. The fund focuses on investing in companies and countries the fund manager considers meet their sustainability criteria. The fund is actively managed, so returns may not replicate those of the benchmark. |
| Old benchmark | New benchmark |
| 60% MSCI ACWI NR GBP Hedged Net/40% JPM Government Bond Index (GBI) GBP Hedged. |
ICE BofA Sterling 3-Month Government Bill Index + 3.5%. |
Source: Aegon UK
There’s no guarantee the fund will meet its objectives. The value of an investment can fall as well as rise and is not guaranteed. Investors could get back less than they invest.
We’ll update our literature and our website as soon as we can, but investors may notice the old and new information in use for a time.
You can find more information about this fund in the fund factsheet on the ‘Fund prices and performance’ page on our website by selecting ‘TargetPlan funds’.
What current investors need to do
Existing investors don’t need to do anything. Please speak to a financial adviser if you’re not sure about what these changes mean for you. If you don’t have a financial adviser, you can visit moneyhelper.org.uk/choosing-a-financial-adviser to find the right one for you.