| Change Details | |
|---|---|
| Title | Equity Trustees Fund Services Ltd |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 26 April 2024 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Equity Trustees Fund Services Ltd |
| Fund Name | ES River and Mercantile UK Dynamic Equity |
| Type of change | Merger |
| Date merger effective from | 26.04.2024 |
| Is the event subject to shareholder approval? | Yes - approved |
| 2. Merger details | |
| Name of the new fund (the fund that the previous fund is being merged into) | SVM UK Opportunities |
| 3. Fund objectives | |
| Previous fund objective | The investment objective of the fund is to grow the value of your investment (known as “capital growth”) in excess of the MSCI United Kingdom Investable Market Index (IMI) Net Total Return (the “Benchmark”) over a rolling 5 year period, after the deduction of all fees. The fund seeks to achive its investment objective by investing at least 60% of its value in shares of UK companies (companies that are domiciled, incorporated, or have a significant operations in the UK). Investments can be direct, or indirect, in shares (including common and preference shares), rights for shares, warrants, depositary receipts (securities issued by banks that represent company shares), investment trust (including REITS) and collective investment schemes. |
| New fund objective | The objective of this fund is to achieve capital growth over the long term (5 years or more), and it aims to outperform the MSCI United Kingdom IMI. Performance is measured on a monthly basis over rolling 5 year periods after all fees and costs are deducted. The fund will invest at least 80% in equities and equity related instruments in UK companies. |
| 4. Charging structure | |
| Bundled Fund | |
| Previous AMC | 0.75% |
| New AMC | 0.75% |
| Previous TER | 0.90% |
| New TER | 0.96% |
| Unbundled Fund | |
| Previous AMC | 0.75% |
| New AMC | 0.75% |
| Previous TER | 0.90% |
| New TER | 0.96% |