ACD Notification

17 April 2018

Changes to the FP Verbatim Portfolio and Total Clarity Fund Ranges

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.

How will this change affect you and your clients?

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.

Will the investment strategy or fund managers change?

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.

How will this impact being able to locate the funds?

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.

How will the name change?

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 info@verbatim-am.co.uk