| Change Details | |
|---|---|
| Title | FIL Investment Services (UK) Limited |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 07 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 Japan Smaller Companies |
| Type of change | Fund Merger |
| Date merger effective from | 7 June 2024 |
| Deadline for investors to switch out if appropriate | 7 June 2024 |
| Was 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 Japan |
| 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 increase the value of your investment over a period of 5 years or more by investing at least 70% in equities (and their related securities) of medium and smaller sized Japanese companies (those domiciled, incorporated or having significant business in Japan and those which are listed in Japan). The investment manager is not restricted in their choice of company by either size or industry. |
| New fund objective | To increase the value of your investment over a period of 5 years or more by investing at least 70% in equities (and their related securities) of Japanese companies (those domiciled, incorporated or having significant business in Japan and those which are listed in Japan) and is not restricted in terms of size or industry. |
| 4. Charging structure | |
| Bundled Fund | |
| Previous AMC | 1.50% |
| New AMC | 1.50% |
| Previous TER | 1.72% |
| New TER | 1.54% |
| 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 | 0.97% |
| New TER | 0.79% |