17 April 2018
As part of Verbatim’s ongoing commitment to improve both the efficiency and effectiveness of our fund ranges, we have decided to transfer the administration of the FP Verbatim Portfolio and Total Clarity Fund ranges to Host Capital Ltd. This change will become effective on 30 April 2018.
The implications to you and your clients will be twofold. There may be a reduction in the overall cost of the funds (OCF) for investors, and the Total Clarity fund range name will change to better reflect the objectives of the Total Clarity fund range.
No, the funds will continue to be risk targeted and managed by the existing appointed fund managers. The Verbatim Independent Investment Committee will continue to oversee and monitor the Verbatim fund ranges, to ensure their suitability.
When searching for the Verbatim funds on various online platforms or research tools, you may need to include in your search criteria the key words ‘Host Capital’ or ‘HC’ in addition to ‘Verbatim’. Many systems run on sophisticated search functionality, however additional search criteria may be required.
The Total Clarity fund range will be renamed to include a reference to ‘Multi-Index’. The name change better reflects the strategy of the funds, which is to utilise main market indices to deliver cost effective performance. Each sub-fund name will change as follows:
|Current Sub-Fund Name||New Sub-Fund Name*|
|Total Clarity Portfolio 3 Fund||HC Verbatim Multi-Index Portfolio 3 Fund|
|Total Clarity Portfolio 4 Fund||HC Verbatim Multi-Index Portfolio 4 Fund|
|Total Clarity Portfolio 5 Fund||HC Verbatim Multi-Index Portfolio 5 Fund|
|Total Clarity Portfolio 6 Fund||HC Verbatim Multi-Index Portfolio 6 Fund|
|FP Verbatim Portfolio 3 Fund||HC Verbatim Portfolio 3 Fund|
|FP Verbatim Portfolio 4 Fund||HC Verbatim Portfolio 4 Fund|
|FP Verbatim Portfolio 5 Income Fund||HC Verbatim Portfolio 5 Income Fund|
|FP Verbatim Portfolio 5 Growth Fund||HC Verbatim Portfolio 5 Growth Fund|
|FP Verbatim Portfolio 6 Fund||HC Verbatim Portfolio 6 Fund|
|FP Verbatim Portfolio 7 Fund||HC Verbatim Portfolio 7 Fund|
*Effective 30 April 2018
Last year proved to be the best year of growth for Verbatim since inception. This year, we have strengthened our support at Verbatim, expanding further our highly experienced sales team, who are on hand to support you with your investment strategy. If you’d like to learn more about the Verbatim Investment Solutions, or if you have any queries, please don’t hesitate to contact our sales team on 0808 124 0007 or email us at firstname.lastname@example.org