RL360 - Various changes - IFSL Brooks Macdonald funds

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Various changes - IFSL Brooks Macdonald funds

IFSL has announced they are retiring as Authorised Corporate Director ("ACD") of the Brooks Macdonald funds which feature in our defined fund range. As a result of this there are a number of changes to the IFSL Brooks Macdonald funds which will take effect 18 December 2021 (the "effective date").

From the effective date IFSL will be replaced by Smith & Williamson Fund Administration Limited ("SVS") as the ACD of the funds. Brooks Macdonald Asset Management Limited will remain as the investment manager of the funds.

 

From the effective date the funds will be renamed to include reference to SVS rather than IFSL in order to reflect the change of ACD.

 

The funds will also be subject to a reduction in Ongoing Charge Fee ("OCF") and a change to the investment objective and policy.

 

Available in our open-architecture products

The funds feature in our open-architecture products and will be subject to changes detailed in the IFSL notification document opposite.

 

Available in our defined fund range products

The funds can be found in our defined fund range products Oracle, Paragon, Quantum, RSP (including Malaysia variants), LifePlan and Protected Lifestyle. A summary of the changes to the fund name, investment objective and policy and reduction in OCF are detailed in the tables below.


Changes to fund name's & OCF's
IFSL Brooks Macdonald Defensive Capital - Changes to investment objective & policy

IFSL Brooks Macdonald Cautious Growth - Changes to investment objective & policy
IFSL Brooks Macdonald Balanced - Changes to investment objective & policy


IFSL Brooks Macdonald Strategic Growth - Changes to investment objective & policy


You can view a copy of the IFSL notification document opposite for a detailed breakdown of all the changes.

 

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For more information about Brooks Macdonald Funds visit www.brooksmacdonald.com/

Notification