| Change Details | |
|---|---|
| Title | AXA Framlington FinTech |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 24 December 2024 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | AXA Investment Managers UK Limited |
| Fund Name | AXA Framlington FinTech |
| Type of change | Fund Merger |
| Date merger effective from | 24/01/2025 |
| Date fund suspended | 23/01/2025 |
| Deadline for investors to switch out if appropriate | 11:00 am on 23/01/2025 |
| Is the event subject to shareholder approval? | Yes - Approved 17/01/2025 |
| 2. Fund details | |
| Current Fund | New Fund |
| AXA Framlington FinTech | AXA Framlington Global Thematics |
| 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 provide long-term capital growth over a period of 5 years or more by investing in shares of listed companies, principally (meaning at least 80% of its assets) in companies providing financial services (e.g. banking, insurance, payment and investment related solutions) and companies providing technological applications throughout the financial services supply chain. The fund invests in companies of any size and based anywhere in the world. |
| New objective | To provide long-term capital growth over a period of 5 years or more by investing in shares of listed companies which are based anywhere in the world (including countries which the Manager considers to be emerging markets) and which the Manager believes will provide above-average returns. The fund invests principally (meaning at least 80% of its assets) in large and medium-sized companies. |
| 5. Charging structure | |
| Bundled Fund | |
| Previous AMC | 1.50% |
| New AMC | 1.50% |
| Previous TER | 1.57% |
| New TER | 1.56% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.50% |
| New Reimbursed Amount(Charge Basis 2) | 0.50% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.75% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.75% |
| Unbundled Fund | |
| Previous AMC | 0.75% |
| New AMC | 0.75% |
| Previous TER | 0.80% |
| New TER | 0.81% |