Verschmelzung von Old Mutual Fonds

Wir möchten Sie hinsichtlich der Fusion folgender Fonds informieren:

Die Fonds wurden am 8. November 2013 verschmolzen. Dies bedeutet, dass die Anteile des „abgebenden Fonds“ in einem von der KAG vorgegebenen Verhältnis in dem „aufnehmenden Fonds“ aufgegangen sind. Das Umtauschverhältnis wurde von der KAG am Fusionstag bekannt gegeben.
Die Ausgabe und Rücknahme von Anteilen des „abgebenden Fonds“ wurde über die FFB bereits eingestellt.
Bei der Fondszusammenlegung wurde entsprechend dem Vorschlag der Fondsgesellschaft verfahren. Pläne in den „abgebenden Fonds“ wurden automatisch auf den „aufnehmenden Fonds“ umgestellt und dort fortgeführt.
Beachten Sie hierbei die eventuell abweichenden Anlageschwerpunkte. Soll zur Abdeckung der ursprünglich verfolgten Anlageziele ein anderer Fonds genutzt werden, benötigen wir unbedingt einen gesonderten Auftrag.
Wir weisen darauf hin, dass die Verschmelzung unter Umständen für Ihre Kunden steuerliche Konsequenzen hat. Wir empfehlen Ihren Kunden daher, sich bei ihrem Steuer- bzw. Finanzberater über die steuerlichen Auswirkungen gemäß den Steuergesetzen in ihrem Wohnsitz- oder Aufenthaltsland zu informieren.
Anbei finden Sie den dauerhaften Datenträger der Fondsgesellschaft.
Wir möchten an dieser Stelle darauf hinweisen, dass es sich bei dem beigefügten Dokument um ein Schriftstück der Fondsgesellschaft handelt. Für die Verwahrung und Administration von Anteilen und die Umsetzung von Aufträgen verweisen wir auf unsere allgemeinen Geschäftsbedingungen nebst Preis- und Leistungsverzeichnis.
Mit freundlichen Grüßen
FFB-Vertriebspartnerbetreuung

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. IF YOU ARE
IN ANY DOUBT AS TO THE ACTION YOU SHOULD TAKE, YOU SHOULD SEEK ADVICE FROM
YOUR INDEPENDENT LEGAL, FINANCIAL OR PROFESSIONAL ADVISOR IMMEDIATELY. IF
YOU HAVE SOLD OR TRANSFERRED YOUR SHARES IN THE OLD MUTUAL SWEDISH BOND
FUND PLEASE HAND THIS DOCUMENT AND THE DOCUMENTS ACCOMPANYING IT AT ONCE
TO THE STOCKBROKER, BANK OR OTHER AGENT THROUGH WHOM THE SALE OR
TRANSFER WAS EFFECTED FOR TRANSMISSION TO THE PURCHASER OR THE
TRANSFEREE AS SOON AS POSSIBLE.
PROPOSED SCHEME OF AMALGAMATION OF
OLD MUTUAL SWEDISH BOND FUND, A SUB-FUND OF
OLD MUTUAL GLOBAL INVESTORS SERIES PLC
WITH
OLD MUTUAL INVESTMENT GRADE CORPORATE BOND FUND
(THE “SCHEME”)
NOTICE OF AN EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS OF OLD MUTUAL
SWEDISH BOND FUND, TO BE HELD ON 31 OCTOBER, 2013 IS ATTACHED AT THE END OF
THIS DOCUMENT.
IF YOU ARE A REGISTERED HOLDER OF SHARES IN THE OLD MUTUAL SWEDISH BOND
FUND, A FORM OF PROXY FOR USE IN CONNECTION WITH THE MEETING IS ENCLOSED
WITH THIS DOCUMENT. YOU ARE REQUESTED TO COMPLETE THE PROXY ENCLOSED
HEREWITH IN ACCORDANCE WITH THE INSTRUCTIONS PRINTED ON THE FORM AND TO
FORWARD IT TO THE ADDRESS SHOWN ON THE FORM AS SOON AS POSSIBLE AND IN ANY
EVENT SO AS TO ARRIVE NOT LATER THAN 48 HOURS BEFORE THE TIME APPOINTED FOR
THE MEETING.
IF YOUR SHARES ARE REGISTERED IN THE NAME OF A NOMINEE YOU SHOULD INSTRUCT
YOUR NOMINEE AS TO HOW YOU WISH TO VOTE IMMEDIATELY TO ALLOW YOUR NOMINEE
TO VOTE BY THE TIME APPOINTED FOR THE MEETING.
THE DIRECTORS OF OLD MUTUAL GLOBAL INVESTORS SERIES PLC (THE “COMPANY”)
ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THE CONTENTS OF THIS DOCUMENT. TO
THE BEST OF THE KNOWLEDGE AND BELIEF OF THE DIRECTORS (WHO HAVE TAKEN ALL
REASONABLE CARE TO ENSURE THAT SUCH IS THE CASE) THE INFORMATION CONTAINED
IN THIS DOCUMENT IS IN ACCORDANCE WITH THE FACTS AND DOES NOT OMIT ANYTHING
LIKELY TO AFFECT THE IMPORT OF SUCH INFORMATION.
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To: The Shareholders of:
Old Mutual Swedish Bond Fund
Date: 30 September, 2013
Proposed Scheme of Amalgamation of the Old Mutual Swedish Bond Fund with the Old Mutual
Investment Grade Corporate Bond Fund
Dear Shareholder,
A. INTRODUCTION
We are writing to advise you of a proposal to amalgamate the Old Mutual Swedish Bond Fund with the
Old Mutual Investment Grade Corporate Bond Fund. The Old Mutual Swedish Bond Fund is a subfund
of the Company and the Old Mutual Investment Grade Corporate Bond Fund is a sub-fund of the
Company.
The Company is structured as an open-ended umbrella type investment company, authorised by the
Central Bank as an undertaking for collective investment in transferable securities pursuant to the
European Communities (Undertakings for Collective Investment in Transferable Securities)
Regulations, 2011.
Details of the procedure by which the Scheme for the Old Mutual Swedish Bond Fund will be effected,
the action you should take and the implications for you as a Shareholder, are set out in this Circular
and the Appendices attached hereto.
Unless otherwise herein defined, terms used in this Circular and its Appendices have the meanings
set out in Appendix A.
B. SCHEME
The Proposal
It is proposed that the Old Mutual Swedish Bond Fund be amalgamated with the Old Mutual
Investment Grade Corporate Bond Fund. Such amalgamation will result in the Property of the Old
Mutual Swedish Bond Fund becoming the Property of the Old Mutual Investment Grade Corporate
Bond Fund in exchange for the issue of Shares in the Old Mutual Investment Grade Corporate Bond
Fund to the Shareholders in the Old Mutual Swedish Bond Fund.
Full details of the Scheme in respect of the Old Mutual Swedish Bond Fund are set out in Appendix
B.
A table highlighting the key differences between the terms and procedures of the Old Mutual Swedish
Bond Fund and the Old Mutual Investment Grade Corporate Bond Fund and the differences between
the fees charged to the Shareholders of the Old Mutual Swedish Bond Fund and Shareholders of the
Old Mutual Investment Grade Corporate Bond Fund is included at Appendix C.
An Extraordinary General Meeting of the Old Mutual Swedish Bond Fund has been convened for 1
November, 2013, for the purpose of considering and voting on the Scheme for the Old Mutual Swedish
Bond Fund.
A Notice of the Extraordinary General Meeting of the Old Mutual Swedish Bond Fund, at which the
necessary resolutions will be put to Shareholders, and a form of Proxy is attached at Appendix E.
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Background and Rationale
The Directors of the Company have, in conjunction with the Promoter, over recent months conducted
a detailed review of both the Old Mutual Swedish Bond Fund and the Old Mutual Investment Grade
Corporate Bond Fund in light of the changing economic, investment and regulatory environment.
As a result of this detailed review, the Directors of the Company believe that the Scheme is in the best
interests of the Shareholders in the Old Mutual Swedish Bond Fund who will benefit for the following
reasons:
1. The merger proposal is aimed to benefit from economies of scale that can be provided to
Shareholders (e.g., administration, audit, transfer agent and custody fees etc.) by reaching a
larger sub-fund size as the Old Mutual Swedish Bond Fund has become sub optimum in size.
2. The Directors believe that there are opportunities for further growth in the core markets where
Old Mutual Swedish Bond Fund and the Old Mutual Investment Grade Corporate Bond Fund
are distributed by amalgamating Old Mutual Swedish Bond Fund and the Old Mutual
Investment Grade Corporate Bond Fund.
3. Following the Scheme, it is considered that Shareholders in the Old Mutual Swedish Bond
Fund will benefit from:
– higher operating efficiencies;
– economies of scale (e.g., administration, audit, transfer agent and custody fees etc.);
– access to a broader objective with a global remit; and
– access to a wider distribution network.
Important Considerations – Impact of the Scheme on Shareholders
Shareholders should be aware of a number of important issues:
(i) Shareholders in the Old Mutual Swedish Bond Fund will hold Shares in the Old Mutual
Investment Grade Corporate Bond Fund, which is another sub-fund of the Company. The
Old Mutual Swedish Bond Fund and the Old Mutual Investment Grade Corporate Bond
Fund are each registered for sale in (i) Austria, (ii) Chile (SVS), (iii) Denmark, (iv) Finland,
(v) France, (vi) Germany, (vii) Ireland, (viii) Luxembourg, (ix) Norway, (x) Spain, (xi)
Sweden, (xii) Switzerland, and (xiii) UK. Only the Old Mutual Investment Grade Bond
Fund is registered for sale in Singapore.
(ii) The base currency of the Swedish Bond Fund is Swedish Kroner (SEK) and the
base currency of the Old Mutual Investment Grade Corporate Bond Fund is US
Dollar (USD). Under the Scheme, the Shareholders in the Old Mutual Swedish Bond
A (SEK) Accumulation class (unhedged) will receive shares in the A (SEK) Hedged
Accumulation class of the Old Investment Grade Corporate Bond Fund. It is
envisaged that Shareholders of the existing Old Mutual Swedish Bond Fund A
(SEK) Accumulation class exposure to SEK will be maintained. However, it should
be noted that suitable hedging transactions may not be available in all
circumstances and there can be no assurance that the Old Mutual Investment
Grade Bond Fund will engage in such transactions at any given time or from time to
time. Also, such transactions may not be successful and may eliminate any chance
for the Old Mutual Investment Grade Bond Fund to benefit from favourable
fluctuations in relevant foreign currencies.
(iii) Shareholders of each launched and existing Class of the Old Mutual Swedish Bond Fund
will receive Shares of the Old Mutual Investment Grade Corporate Bond Fund as follows:
OLD MUTUAL SWEDISH BOND FUND OLD MUTUAL INVESTMENT GRADE
CORPORATE BOND FUND
A (SEK) Accumulation A (SEK) Hedged Accumulation
(iv) The expenses in relation to the Scheme, including the costs of the Extraordinary General
Meeting of the Shareholders (and any adjournments), the costs of termination of the Old
4
Mutual Swedish Bond Fund and any costs associated with the transfer of the assets of the
Old Mutual Swedish Bond Fund to the Old Mutual Investment Grade Corporate Bond
Fund will be borne by the Old Mutual Swedish Bond Fund.
(v) No subscription fee or redemption fee (including the contingent deferred sales charge) will
be levied in respect of the Shares in the Old Mutual Investment Grade Corporate Bond
Fund to be issued to Shareholders in the Old Mutual Swedish Bond Fund under the
Scheme.
(vi) DNB Asset Management AB currently acts as Investment Adviser of the Old Mutual
Swedish Bond Fund and Rogge Global Partners currently acts as Investment Adviser of
the Old Mutual Investment Grade Corporate Bond Fund. Shareholders should note that
following the Scheme, Rogge Global Partners will continue to provide investment
management services to the Old Mutual Investment Grade Corporate Bond Fund. The
Administrator and the Custodian will continue to act as Administrator and Custodian
respectively of the Old Mutual Investment Grade Corporate Bond Fund.
(vii) A full comparison of the investment objectives, policies and strategies of the Old Mutual
Swedish Bond Fund and the Old Mutual Investment Grade Corporate Bond Fund is set
out in Appendix C.
(viii) The methodology used to measure global exposure of the Old Mutual Investment Grade
Corporate Bond Fund will be the same as the Old Mutual Swedish Bond Fund i.e. the
commitment approach will be used.
(ix) A full comparison of the fees applicable to the relevant Share Classes in the Old Mutual
Swedish Bond Fund and the relevant Shares Classes in the Old Mutual Investment Grade
Corporate Bond Fund is set out in Appendix C.
(x) Accrued Income: Any income accrued in respect of the Old Mutual Swedish Bond Fund on
securities as at the Effective Time will be reflected in the valuation of the relevant security
as at the Effective Time and will transfer automatically to the Old Mutual Investment Grade
Corporate Bond Fund as part of the transfer of the relevant security, to be held by the
Custodian of the Company on behalf of the Old Mutual Investment Grade Corporate Bond
Fund. Any income in respect of the Old Mutual Investment Grade Corporate Bond Fund
will be accrued in the normal way and will be reflected in the net asset value of the Old
Mutual Investment Grade Corporate Bond Fund and held by the Custodian of the
Company on behalf of the Old Mutual Investment Grade Corporate Bond Fund.
(xi) Periodic Reporting: Given that the Old Mutual Swedish Bond Fund and the Old Mutual
Investment Grade Corporate Bond Fund are each sub-funds of the Company, the periodic
reporting for both the Old Mutual Swedish Bond Fund and the Old Mutual Investment
Grade Corporate Bond Fund are the same.
(xii) Risks: Investors should note that the risk and reward profile of the Old Mutual Swedish
Bond Fund as set out in the Key Investor Information Document (“KIID”) of Old Mutual
Swedish Bond Fund is 3, whereas the risk and reward profile of the Old Mutual Investment
Grade Corporate Bond Fund as set out in the KIID of Old Mutual Investment Grade
Corporate Bond Fund ranges from 3-4, depending on the Share Class.
(xiii) Rebalancing: It is not intended that the assets of the Old Mutual Swedish Bond Fund will
be rebalanced prior to the Scheme taking effect.
(xiv) Impact of Scheme on portfolio of Old Mutual Investment Grade Corporate Bond Fund: The
Directors of the Company do not expect the Scheme to have any material impact on the
operation of the Old Mutual Investment Grade Corporate Bond Fund. However, the
Directors of the Company do intend to undertake rebalancing of the portfolio of the Old
Mutual Investment Grade Corporate Bond Fund on or around the Effective Time of the
Scheme. Whilst the ultimate cost may vary, assuming normal market conditions, the
Directors do not expect that such rebalancing will have a material impact on the
5
performance experienced by the Shareholders in the Old Mutual Investment Grade
Corporate Bond Fund.
(xv) For the avoidance of doubt, there will be no difference in rights between the Shareholders
in Old Mutual Swedish Bond Fund before and after the Scheme takes effect.
As set out above, a table highlighting the key differences between the terms and procedures of
the Old Mutual Swedish Bond Fund and the Old Mutual Investment Grade Corporate Bond
Fund and the differences between the fees charged to the Shareholders of the Old Mutual
Swedish Bond Fund and Shareholders of the Old Mutual Investment Grade Corporate Bond
Fund is included at Appendix C.
Conditions applying to the Scheme
The Scheme in respect of the Old Mutual Swedish Bond Fund is conditional upon: –
(i) approval of the Scheme by way of a Special Resolution of the Shareholders of the Old
Mutual Swedish Bond Fund at Extraordinary General Meetings of the Shareholders of the
Old Mutual Swedish Bond Fund; and
(ii) clearance and approval of the Scheme by the Central Bank and other relevant regulators.
Taxation Implications of the Scheme
Shareholders should be aware that their tax treatment may be changed following the
implementation of the Scheme. Accordingly, Shareholders are advised to consult their own
professional advisors as to the tax implications of the Scheme under the laws of the countries
of their nationality, residence, domicile or incorporation.
A summary of the tax treatment of the Company is contained in the Prospectus of the Company.
Effective Time of the Scheme
The Effective Time of the Scheme is 12.01 p.m. on 8 November, 2013 or such later time and date as
the Directors of the Company and the Custodian shall agree as being the effective time of the
amalgamation pursuant to the Scheme and as shall be notified to Shareholders.
Shareholders may continue to deal in Shares in the Old Mutual Swedish Bond Fund up until the Last
Dealing Day.
If the Scheme is approved in respect of the Old Mutual Swedish Bond Fund, those Shareholders who
voted against the proposal or who did not vote at all, and who do not make use of their redemption
rights set out herein, shall become Shareholders of the Old Mutual Investment Grade Corporate Bond
Fund and shall be able to exercise their rights as Shareholders of the Old Mutual Investment Grade
Corporate Bond Fund with effect from 11 November, 2013.
Documents for Inspection and Additional Information Available
A copy of the Key Investor Information Document in respect of the Old Mutual Investment Grade
Corporate Bond Fund is attached hereto as Appendix F.
Further, copies of the following documents (which will be provided to Shareholders free of charge
upon request) may be obtained from the office of the Company at Dillon Eustace, 33 Sir John
Rogerson’s Quay, Dublin 2, Ireland during normal business hours on weekdays (Irish public holidays
excepted) until the time of the conclusion of the meeting (or any adjourned meeting of the
Shareholders):
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1. The Prospectus of the Company;
2. The Certificate of Incorporation and Memorandum and Articles of Association of the
Company;
3. The Key Investor Information Document of the Old Mutual Swedish Bond Fund and of the
Old Mutual Investment Grade Corporate Bond Fund;
4. The latest annual report of the Company; and
5. The UCITS Regulations and the Central Bank Notices.
Copies of the above documents are also available on the Company’s website
www.omglobalinvestors.com.
In addition, a copy of the validation report of the Auditors of the Company referred to in Clause 7 of
Appendix B is available free of charge and may be requested by contacting the Company on +353 1
622 4499 during normal business hours on weekdays (Irish public holidays excepted).
Action to be taken
In order to consider the proposals set out in this document, you are advised first to read all the
enclosed documentation. If you have any questions you should contact your professional adviser.
In Appendix E to this document, you will find a Notice convening an Extraordinary General Meeting of
the Shareholders of the Old Mutual Swedish Bond Fund on 31 October, 2013 at which the necessary
Special Resolution will be put to the Shareholders of the Old Mutual Swedish Bond Fund.
In order to implement the proposed change in the Scheme it will be necessary to vote on the Special
Resolution outlined at Appendix E. If the Special Resolution is passed then the Scheme will be
approved. However, if the Special Resolution is not passed, the Scheme will not be approved.
Shareholders should vote either by attending the Extraordinary General Meeting of the Old Mutual
Swedish Bond Fund or by completing and returning the form of proxy enclosed with this Circular. If
you wish to vote by proxy you should complete and return the proxy form by post or by fax on +353 1
622 4499 (with original to follow by post) to Ireland. To be valid, forms of proxy must be received not
later than 48 hours before the time fixed for holding the Extraordinary General Meeting.
If your Shares in Old Mutual Swedish Bond Fund are registered in the name of a nominee, you can
exercise your vote in relation to those Shares only by directing the registered holder to vote on your
behalf.
The quorum shall be two Shareholders present in person or by proxy holding or representing at least
one tenth in number of the Shares for the time being in issue. If a quorum is not present within half an
hour from the time appointed for the Extraordinary General Meeting, the Extraordinary General
Meeting will be adjourned to the same day in the next week, at the same time and place or to such
other day and at such other time and place as may be determined by the Directors; and at such
adjourned meeting the Shareholders present in person or by proxy shall be a quorum. Notice of any
adjourned meeting of Shareholders shall be given in the same manner as for the original meeting.
If you have any queries or require any additional information in relation to the Scheme, please contact
your financial adviser or, for procedural matters, the Company, on +353 1 622 4499. Telephone calls
may be recorded to confirm your instructions.
C. RIGHT OF REDEMPTION
If the Scheme is approved in respect of Old Mutual Swedish Bond Fund and if you then decide that
you do not wish to invest in Old Mutual Investment Grade Corporate Bond Fund, irrespective of
whether or not you voted for or against the Scheme, you will have the opportunity to redeem your
Shares in Old Mutual Swedish Bond Fund at no extra cost on any Dealing Day up to and including the
7
last dealing day for Old Mutual Swedish Bond Fund, which will be on or before 12.00 noon on 1
November,2013 (the “Last Dealing Day”).
D. CONVERSION OF SHARES
As set out in the Prospectus of the Company, with the consent of the Directors, a Shareholder may
convert Shares of Old Mutual Swedish Bond Fund into Shares of another Sub-Fund of the Company,
with a similar Investment Policy, on giving notice to the Administrator in such form as the Administrator
may require provided that the shareholding satisfies the minimum investment criteria and provided that
the application is received within the time limits specified in the Prospectus in the case of subscriptions
which will be on or before 12.00 noon on 1 November, 2013. Any such conversion would be effected
by arranging for the repurchase of Shares of Old Mutual Swedish Bond Fund and subscribing for the
Shares of the other Sub-Fund of the Company with the proceeds. Conversion is not intended to
facilitate short-term or excessive trading.
E. SUBSCRIPTION OF SHARES
In accordance with the UCITS Regulations, and in accordance with the Prospectus of the Company,
the Company will be suspending subscriptions in the Old Mutual Swedish Bond Fund and the Old
Mutual Investment Grade Corporate Bond Fund from 12.00 noon on 1 November, 2013 for the
protection of the Shareholders as trading between this time and the Effective Time of the Scheme may
be disruptive to the Old Mutual Swedish Bond Fund and the Old Mutual Investment Grade Corporate
Bond Fund.
F. CONCLUSION.
Notifications and Dealings
After the Extraordinary General Meeting of the Old Mutual Swedish Bond Fund, the Directors of the
Company will inform Shareholders of the Old Mutual Swedish Bond Fund of the outcome of the
Extraordinary General Meeting of the Old Mutual Swedish Bond Fund. If the Scheme is approved,
notification of the entry into effect of the Scheme will be made public on the website of the Company at
www.omglobalinvestors.com.
Subject to the Scheme becoming effective, notification of your new Shareholding will be sent to you
not later than 1 Business Day following the Effective Time.
Dealings in Shares of the Old Mutual Investment Grade Corporate Bond Fund following the Scheme in
respect of the Old Mutual Swedish Bond Fund shall commence on 11 November, 2013 in accordance
with the Prospectus of the Company.
Proposed Timetable
The last day for receipt of Proxy Forms 29 October 2013 at 9.30 a.m. (Irish time)
The date of the Extraordinary General Meeting 31 October 2013 at 9.30 a.m. (Irish time)
The date of notification to the Shareholders of
the outcome of the Extraordinary General
Meeting of the Old Mutual Swedish Bond Fund
31 October 2013
The Last Dealing Day for Shares in the Old
Mutual Swedish Bond Fund
on or before 12.00 noon on 1 November 2013
The Last Dealing Day for Shares in the Old
Mutual Investment Grade Corporate Bond
Fund
on or before 12.00 noon on 1 November 2013
The Effective Time of the Scheme in respect of
the Old Mutual Swedish Bond Fund (subject to
Shareholder approval of the Old Mutual
12.01 p.m. 8 November 2013
8
Swedish Bond Fund)
The date of issue of Shares in the Old Mutual
Investment Grade Corporate Bond Fund
11 November 2013
The first Dealing Day for Shares issued in the
Old Mutual Investment Grade Corporate Bond
Fund following the Scheme
11 November 2013
Issue of written confirmation of ownership of
Shares in the Old Mutual Investment Grade
Corporate Bond Fund
11 November 2013
Recommendation
The Directors of the Company consider the proposed Scheme in respect of the Old Mutual Swedish
Bond Fund to be in the best interests of the Shareholders of the Old Mutual Swedish Bond Fund and,
therefore, recommend that you vote in favour of the Scheme. It should be noted that if the Scheme is
not approved by the Shareholders, the Directors of the Company will consider what action to take and
whether the continued operation of the Old Mutual Swedish Bond Fund is commercially viable. If, in
the opinion of the Directors of the Company, the continued operation of the Old Mutual Swedish Bond
Fund is not commercially viable, the Directors of the Company may decide to terminate the Old Mutual
Swedish Bond Fund and seek withdrawal of approval of the Old Mutual Swedish Bond Fund.
Should you have any queries relating to these matters, you should either contact us at the above
address or alternatively you should contact your investment consultant.
Yours faithfully,
_________________________
Director
For and on behalf of
Old Mutual Global Investors Series plc