| Change Details | |
|---|---|
| Title | Fidelity UK Gilt |
| 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 UK Gilt |
| Type of change | Merger |
| Date merger effective from | 14/06/2024 |
| Is the event subject to shareholder approval? | Yes |
| 2. Merger details | |
| Name of the new fund (the fund that the previous fund is being merged into) | Fidelity Index UK Gilt |
| 3. Fund objectives | |
| Previous fund objective | The fund aims to increase the value of your investment over a period of 5 years or more. The fund will be at least 70% exposed to sterling-denominated (or hedged back to sterling) UK Government debt instruments. The fund is actively managed. The Investment Manager identifies suitable investment opportunities for the fund, utilising in-house research and investment capability. The fund uses a systematic investment approach. This means that the Investment Manager uses a more rules-based approach when implementing the portfolio construction. |
| New fund objective | The fund aims to track the performance of the FTSE Actuaries UK Gilts All Stocks Index with mid-day valuation (before fees and expenses are applied) thereby seeking to increase the value of your investment over a period of 5 years or more. The mid-day index is a customised variant designed and maintained by FTSE International Limited, for alignment with this fund’s UK mid-day valuation point. The performance of the fund is unlikely to track the performance of the index precisely. |
| 4. Charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.15% |
| New AMC | 0.10% |
| Previous TER | 0.15% |
| New TER | 0.10% |