| Change Details | |
|---|---|
| Title | Alquity Investment Management Ltd |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 14 March 2024 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Alquity Investment Management Ltd |
| Fund Name | Alquity Africa |
| Type of change | Merger |
| Date merger effective from | 14/03/2024 |
| Is the event subject to shareholder approval? | No |
| 2. Merger details | |
| Name of the new fund (the fund that the previous fund is being merged into) | Alquity Future World |
| 3. Fund objectives | |
| Previous fund objective | To achieve long-term capital appreciation for investors, by investing in African securities. The sub-fund promotes, among others, environmental, social and/or governance characteristics within the meaning of article 8 of Regulation (EU) 2019/2088 of 27 November 2019 on sustainability-related disclosures in the financial services sector. The sub-fund will invest at least 70% of its net assets in the shares of companies that are listed in the regulated African stock exchanges. |
| New fund objective | To achieve long-term capital appreciation by investing in Latin America, Asia, Africa, Central/Eastern Europe and Middle East securities. The sub-fund promotes, among others, environmental, social and/or governance characteristics within the meaning of article 8 of Regulation (EU) 2019/2088 of 27 November 2019 on sustainability-related disclosures in the financial services sector. The sub-fund will invest at least 70% of its net assets in equity securities listed on the regulated exchanges of Latin America, Asia, Africa, Central/Eastern Europe and Middle East. |
| 4. Charging structure | |
| Bundled Fund | |
| Previous AMC | 1.90% |
| New AMC | 1.10% |
| Previous TER | 5.09% |
| New TER | 2.45% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.50% |
| New Reimbursed Amount(Charge Basis 2) | 0.00% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.80% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.00% |
| Unbundled Fund | |
| Previous AMC | 1.10% |
| New AMC | 0.90% |
| Previous TER | 4.27% |
| New TER | 1.55% |