From 30 June 2022, the Aegon Schroder Dynamic Multi Asset (BLK) fund name is changing to the Aegon Schroder Sustainable Future Multi-Asset (BLK) fund across all share classes available via the Aegon TargetPlan fund range. The fund’s objective and benchmark are also being updated.
Nothing else about the fund will change because of these updates. For example, the fund manager, charges and Aegon risk ratings will all remain the same.
The changes in more detail
Name change
The underlying fund manager, Schroders, is updating the underlying fund name to better reflect the fund’s increasing focus towards sustainability. To ensure consistency, we’re changing our fund name. Details can be found in the table below:
| Existing fund name | New fund name |
|---|---|
| Aegon Schroder Dynamic Multi Asset (BLK) fund | Aegon Schroder Sustainable Future Multi-Asset (BLK) fund |
Changes to the fund’s objective and benchmark
The underlying fund manager has advised that the fund objective has been updated to highlight the fund’s increasing emphasis on sustainability characteristics when potential investments are being considered.
The fund’s target benchmark has also been updated from “UK Consumer Price Index (CPI) plus 4%” to “ICE Bank of America (BofA) Sterling 3-Month Government Bill Index plus 3.5% per annum (before charges)”.
To ensure consistency, our version of the fund has been updated. Details can be found in the table below:
| Old fund benchmark | New fund benchmark |
|---|---|
| UK Consumer Price Index (CPI) plus 4% | ICE BofA Sterling 3-Month Government Bill Index plus 3.5% per annum (before charges) |
| Old fund objective | |
| The Fund will invest wholly in the Schroders Dynamic Multi Asset Fund, a non UCITS retail scheme. The investment objective of the Schroders Dynamic Multi Asset Fund is to deliver positive returns over a market cycle based on long-term capital growth and income through investment in collective investment schemes as well as directly held transferable securities, derivatives, cash, deposits, warrants and money market instruments. The Schroders Dynamic Multi Asset Fund may gain exposure to alternative asset classes including but not limited to property, commodities, hedge funds and private equity directly where permitted or through investment in transferable securities and other permitted assets which themselves invest in these asset classes. | |
| New fund objective | |
| The Fund aims to provide capital growth and income in line with the ICE BofA Sterling 3-Month Government Bill Index plus 3.5% per annum, before charges, over the long term (five to seven years) by investing in a diversified range of assets and markets worldwide which the Investment Manager considers meet their sustainability criteria. This cannot be guaranteed and could change according to market conditions. The Fund aims to achieve this with a target average annual volatility (a measure of how much the Fund's returns may vary over a year) over the long term (five to seven years) of between 50% to 67% of that of global stock markets (represented by the MSCI All Country World GBP hedged index). | |
There’s no guarantee the fund will meet its objectives. The value of an investment can fall as well as rise and isn’t guaranteed. Investors could get back less than has been paid in.
Investors will start to notice the changes on their statements, in our literature and on our website from 30 June 2022. The changes will be implemented gradually, so investors may notice both the old and new information in use for a time.
For more information on this fund you can view the fund factsheet via the ‘Fund prices and performance page’ and viewing ‘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 unsure 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.