| Change Details | |
|---|---|
| Title | Fidelity Global Property |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 14 June 2024 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | FIL Investment Services (UK) Limited |
| Fund Name | Fidelity Global Property |
| Type of change | Merger |
| Date merger effective from | 14/06/2024 |
| Deadline for investors to switch out if appropriate | 11:00 14/06/2024 |
| 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) | Fidelity Global Enhanced Income |
| 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 |
| 3. Fund objectives | |
| Previous fund objective | To deliver an income and increase the value of your investment over a period of 5 years or more. The fund will invest at least 70% in companies in the real estate industry globally. This region includes countries considered to be emerging markets as determined by the Investment Manager at its sole discretion. The emainder will be invested in other investment types such as cash and derivatives. |
| New fund objective | To increase the value of your investment and deliver an income that is at least 50% more than the income produced by the companies included in the MSCI All Country World Index. The fund will invest at least 50% in companies globally. This region includes countries considered to be emerging markets as determined by the Investment Manager at its sole discretion. The remainder will be invested in other investment types such as cash. Derivatives including covered all options will also be used to achieve the investment objective, to further enhance the income generated by the underlying investments. |
| 4. Charging structure | |
| Bundled Fund | |
| Previous AMC | 1.50% |
| New AMC | 0.75% |
| Previous TER | 1.68% |
| New TER | 0.94% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.50% |
| New Reimbursed Amount(Charge Basis 2) | 0.00% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.82% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.07% |
| Unbundled Fund | |
| Previous AMC | 0.75% |
| New AMC | 0.75% |
| Previous TER | 0.93% |
| New TER | 0.94% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.07% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.07% |