ROYAL LONDON ASSET MANAGEMENT BOND FUNDS PLC

Transcription

1 ASSET MANAGEMENT ROYAL LONDON ASSET MANAGEMENT BOND FUNDS PLC SUPPLEMENTARY INFORMATION DOCUMENT (SID) DATE: JUNE 2018 This Supplementary Information Document ( SID ) gives you important additional information about investing in the subfunds (each, a Fund, and together, the Funds ) of Royal London Asset Management Bond Funds plc (the Company ). You should read it in conjunction with the Key Investor Information Document ( KIID ) for the relevant Fund of the Company. The Funds each have a separate KIID. All the information contained in the KIID and the format and terminology used is required by law to help you understand the nature of an investment and the risks associated with it. Please make sure you have read the contents of this SID, the KIID and the Terms and Conditions before deciding to invest to ensure you are able to make an informed decision. We will ask you to declare that you have received an up-to-date KIID and this SID. Introduction Potential investors are advised to read the Royal London Asset Management Bond Funds plc Prospectus and the Supplement for each Fund before making an investment decision. The rights and duties of the investor as well as the legal relationship with the Funds are laid down in the Prospectus. All terms used herein but not defined have the meaning given in the Prospectus. The products and services outlined in the Agreement are open to UK and EEA residents only. US persons, US residents or benefit plan investors covered by the Employee Retirement Income Security Act 1974 (ERISA) are not eligible investors for these Funds. Please contact us if you think you are a US person. Royal London contact details Customer Services: from 9am to 5pm Dealing Desk: from 9am to 5pm Website: Telephone calls may be recorded by the Company s delegates, their duly appointed agents and any of their respective related, associated or affiliated companies for records keeping, security and/or training purposes. Telephone recordings will be provided on request for a period of at least five years from the date of such recording, or, where requested by a competent regulatory authority, for a period of seven years, where we can identify the call coming from you. If you ask us to send you a recording of a particular call, we may ask for further information to help us identify the exact call to which your request relates. 1 P AGE RLAM BOND FUNDS PLC SUPPLEMENTARY INFORMATION DOCUMENT

2 How do I invest? To make a lump sum investment: Phone our Dealing Desk on (please note that all calls will be recorded) or; Fill in the Application Form and send it to us directly, subscriptions must be made by telegraphic transfer to: or o Bank Name: Bank of America o Sort Code: if via CHAPS or if via BACS o SWIFT Code: BOFAGB22 o Account Name: Royal London Asset Management Bond Funds PLC o Account Number: Fill in the Application Form in conjunction with your Financial Adviser who will contact us on your behalf. If we accept your application we will send you a contract note showing details of the transaction. A copy will be sent to your Financial Adviser if you have one. When can I buy/sell my investment? Shares are available for subscription on each Dealing Day. Applications must be received by the Administrator before the Dealing Deadline (5.00pm Irish time) on a Dealing Day and Shares will be issued on that Dealing Day at the Net Asset Value per Share calculated at the Valuation Point on that day. Subscription payments must be made within three Dealing Days of the day on which the Shares are deemed to be issued. Shares may be redeemed on any Dealing Day, provided that the redemption request is received by the Administrator prior to the Dealing Deadline. Redemption proceeds will be paid by electronic transfers and will be sent within three days of the Dealing Day on which the redemption is effected provided all original account opening documentation has been received by the Administrator. How much can I invest? Your investment will be used to invest in the Shares of a Fund as directed on your Application Form. The minimum investment amounts for each Fund are shown on the Application Form. What documentation will I receive after investing? Every six months we will send you a copy of the Company s annual and half-yearly report and accounts which detail the Funds investments and performance. The annual report will be published four months after the end of the appropriate annual period each year and the half-yearly report will be published two months after the end of the appropriate halfyearly accounting period each year. Statements are issued monthly detailing the value of your holding and any transactions that you may have made during that period. Prices and yields are available from Customer Services on and on the Royal London Asset Management website at Can I change my mind? Cancellation rights do not apply. How much will any advice cost? The annual charges for the Funds cover your Financial Adviser s commission. You may have a different payment arrangement with your Financial Adviser to the one outlined above, in which instance you should ask your Financial Adviser for details. How do I sell my investment? You can telephone on and advise us of your instructions. Please note that all calls will be recorded. You can instruct by writing to: Royal London Dealing Team, PO Box 9428, Dublin 1, Ireland You can instruct your Financial Adviser to sell the shares on your behalf. A contract note will be sent confirming the transaction. 2 P AGE RLAM BOND FUNDS PLC SUPPLEMENTARY INFORMATION DOCUMENT

3 Following receipt of suitable evidence of title, settlement will be made within three business days. Shares can be sold (redeemed) on any business day during normal working hours. If you instruct the Company to send the money to your bank or building society account this will be accepted as a request to send money by telegraphic transfer (the Company reserves the right to pass on the cost for this service). If you sell enough shares that the value of your holding falls below the minimum holding amount required, then the Company has the right to sell all of your remaining shares and terminate this Agreement. What happens to my investment on death? For accounts held in more than one name, the Account will continue in the name(s) of the surviving investors. For Accounts in only one name, unless otherwise instructed, shares will be sold at the price calculated at the Valuation Point following receipt by the Company of a request for redemption and such documentation (proof of death and proof of entitlement) as in the Company s absolute discretion is considered to give a complete discharge. The cash value realised will be transferred to your personal representatives within three business days thereof. If your personal representatives require an Account to be opened in another investor s name, the Company may require verification of identity from the new Account holder in order to meet its requirements under the UK Money Laundering regulations. The Agreement shall be binding on your personal representatives. How do I notify the Company of a change to my personal details? All notifications of a change to personal details must be made in writing to Royal London Dealing Team, PO Box 9428, Dublin 1, Ireland. The Income from your Investment Can I take an income from my investment? The Sterling Extra Yield Bond Fund, Global High Yield Bond Fund, Short Duration Global High Yield Bond Fund and Global Bond Opportunities Fund issue income shares. Your income will be automatically re-invested into the Fund. If you prefer to receive the income rather than re-invest it, then you should indicate this on your application form in Part 2: Investment Choice. Accumulation shares are also available for the Absolute Return Government Bond Fund, the Sterling Extra Yield Bond Fund, the Global Bond Opportunities Fund, and the Short Duration Global High Yield Bond Fund. How will income be paid? If you choose to have income paid, the Company will pay it directly into your bank or building society account. The relevant tax voucher will be sent to your registered address. For the Sterling Extra Yield Fund and Global Bond Opportunities Fund, any income will be distributed once per quarter, on the last day of the month in February, May, August and November. For the Global High Yield Bond Fund and the Short Duration Global High Yield Bond Fund, any income will be distributed semi-annually, on the last day of the month in February and August. The Absolute Return Government Bond Fund does not pay out income. My question isn t covered above; what do I do? If you have a Financial Adviser you should speak to them. Alternatively, you can contact Customer Services on: If you are an intermediary you can contact our Dealing Desk on the local rate dealing line: Please note that for your protection and as part of our commitment to deliver the best possible customer service, your telephone calls will be recorded and may also be monitored. Additional Information Prospectuses / Company s reports You, as either an existing or potential investor, can ask for free copies of the latest prospectuses and annual and half-yearly Company s reports, by contacting us on You can also visit 3 P AGE RLAM BOND FUNDS PLC SUPPLEMENTARY INFORMATION DOCUMENT

4 Data protection Where we collect and/or process any of your personal information in relation to these Terms of Business, we shall do so in accordance with our Privacy Notice available online at If you would like a copy of this document, please write to us using the below contact information. Money Laundering We are required, in certain circumstances, to make checks on lump sum and regular savings transactions in order to comply with the requirements of the current UK Money Laundering Regulations, the FCA Rules and the current Joint Money Laundering Steering Group guidance. These checks involve the need to obtain independent documentary verification of the identity and permanent address of the person applying to open the account, and of any third party making payments into the account. The checks may include an electronic search of information held about such a person on the electoral roll and the use of credit reference agencies. Completion of our application forms represents permission from you to access this information, in accordance with the General Data Protection Regulation (Regulation (EU) 2016/679 of the European Parliament and the Council of 27 April 2016) and any consequential national data protection legislation. We are also required to record details of all beneficial owners of collective investments (i.e. in circumstances where one person owns these investments acting on behalf of another person, for example a trustee, we will need information on the person(s) on whose behalf the investments are held). Consequently we also need this information to be provided. Please see the Terms and Conditions for further detail on our money laundering requirements. Complaints If you are not satisfied with any aspect of the service you have received from us, any complaint should be made, in writing, to International Financial Data Services, 78 Sir John Rogerson s Quay, Dublin 2, Ireland, or by telephoning Customer Services on Your complaint will be dealt with in line with our complaints procedures and a resolution sought. To request a copy of our complaint handling procedures, please write to the address above or telephone Customer Services on Disability act If you require a copy of this brochure in large text, please call us on International tax reporting In order to comply with our obligations pursuant to the agreement between Ireland and the United States to implement the Foreign Account Tax Compliance Act ( FATCA ) and under the OECD Common Reporting Standard ( CRS ) we may be required to collect and report information about your tax residency and financial information regarding your interests in the Funds. Under certain circumstances, we will be obliged to report this information to the Irish Revenue Commissioners. This information may be passed on to relevant overseas tax authorities, including the HM Revenue & Customs, those in other European Union states, the United States of America, or other jurisdictions who have implemented the CRS regime or other exchange of information or tax reporting regime, as appropriate. If you have any questions about your tax residency, you should consult your tax advisor. Additional Information for UK investors The Funds have been passported into the UK pursuant to section 264 of the Financial Services and Markets Act This means the Funds are considered to be a recognised scheme by the UK Financial Conduct Authority, although the Central Bank of Ireland is the primary regulator for the Funds. The following information is required to be disclosed to UK investors. It repeats in part of the information contained in the Terms & Conditions, but is collated in this section for ease of reference. The UK Representative for the Company and the Funds is Royal London Asset Management Limited. The Company may be contacted through its UK Representative, and documents may be served on the Company at the UK Representative s address, 55 Gracechurch Street, London EC3V 0RL. The following facilities will be maintained at the above address by the UK Representative. Any person may inspect the following documents free of charge: (a) the instrument constituting the Funds; (b) any instrument amending the instrument constituting the Funds; (c) the latest Prospectus; (d) the latest KIID; and (e) the latest annual and half-yearly reports. Copies in English of documents (c) and (d) may be obtained from the UK Representative free of charge, and copies in English of documents (a); (b) if relevant; and (e) may also be obtained from the UK Representative although a reasonable charge may be imposed for such copies. 4 P AGE RLAM BOND FUNDS PLC SUPPLEMENTARY INFORMATION DOCUMENT

5 Information is available from the UK Representative in English about prices of shares in the Funds, and investors may redeem or arrange for redemption of shares and obtain payment by contacting the UK Representative on the Dealing Desk number: No bearer certificates are available for the shares. Complaints may be submitted to the UK Representative, by writing to the Head of Distribution of Royal London Asset Management Limited, 55 Gracechurch Street, London, EC3V 0RL, England. Issued by: Royal London Asset Management on June Information correct as at that date unless otherwise stated. Royal London Asset Management is a marketing brand which includes Royal London Asset Management Bond Funds Plc, an umbrella company with segregated liability between sub-funds, authorised and regulated by the Central Bank of Ireland. Registered in Ireland number Registered office: 70 Sir John Rogerson s Quay, Dublin 2, Ireland. Directors: Ewan McAlpine (British), Robert Williams (British), Vincent Dodd (Irish), Tom Finlay (Irish), Susan Spiller (alternate director, American), Rakesh Kumar (alternate director, British). Our reference: APP RLAM PD P AGE RLAM BOND FUNDS PLC SUPPLEMENTARY INFORMATION DOCUMENT