| Change Details | |
|---|---|
| Title | Aviva Investors Corporate Bond |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 13 September 2024 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Aviva Investors UK Fund Services Limited |
| Fund Name | Aviva Investors Corporate Bond |
| Type of change | Merger |
| Date merger effective from | 13/09/2024 |
| Date fund suspended | 09/09/2024 |
| Deadline for investors to switch out if appropriate | 11:00 on 09/09/2024 |
| Is the event subject to shareholder approval? | Yes - approved |
| 2. Fund details | |
| Current Fund | New Fund |
| Aviva Investors Corporate Bond | Aviva Investors Sterling Corporate Bond |
| 3. Merger details | |
| Will the phasing option automatically continue? | Yes |
| Will the rebalancing option automatically continue? | Yes |
| Will ongoing direct debit payments automatically be redirected into the new fund? | Yes |
| 4. Investment objectives | |
| Previous objective | To grow your investment through a combination of income and capital returns by investing in bonds issued by companies, whilst aiming to provide a net return greater than the benchmark over the long term (5 years or more). The benchmark (the "Index") is Markit iBoxx® Sterling Non-Gilts Total Return Index. |
| New objective | The fund will invest in bonds issued by companies and aims to provide an income equivalent to the benchmark, and an overall net return greater than the benchmark over the long term (5 years or more). The benchmark (the "Index") is the Markit iBoxx® Sterling Non-Gilts Total Return Index. |
| 5. Charging structure | |
| Bundled Fund | |
| Previous AMC | 0.75% |
| New AMC | 0.70% |
| Previous TER | 0.75% |
| New TER | 0.70% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.25% |
| New Reimbursed Amount(Charge Basis 2) | 0.25% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.23% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.20% |
| Unbundled Fund | |
| Previous AMC | 0.52% |
| New AMC | 0.50% |
| Previous TER | 0.52% |
| New TER | 0.50% |