| Change Details | |
|---|---|
| Title | Franklin Templeton Fund Management Limited |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 14 March 2025 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Franklin Templeton Fund Management Limited |
| Fund Name | FTF Martin Currie Asia Unconstrained |
| Type of change | Fund Merger |
| Date merger effective from | 14/03/2025 |
| Date fund suspended | 13/03/2025 |
| Deadline for investors to switch out if appropriate | 11:00 am on 13/03/2025 |
| Is the event subject to shareholder approval? | Yes |
| 2. Fund details | |
| Current Fund | New Fund |
| FTF Martin Currie Asia Unconstrained | FTF Templeton Global Emerging Markets |
| 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 | The fund aims to increase in value through investment growth over periods of five years or more after all fees and costs are deducted. The fund invests at least 80% of its assets in shares of companies and equity related securities that are: • Listed or traded on markets located in any of mainland China, Hong Kong, India, Indonesia, Malaysia, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam (“Primary Countries”); or • Listed or traded on any other market, but which are issued by companies that have significant business operations in, or derive the majority of their business profits from, Primary Countries. The fund typically invests in 20 – 40 companies of any size or industry, and the portfolio is constructed without reference to any benchmark or index. |
| New objective | The fund aims to increase in value through investment growth by more than the MSCI Emerging Markets (Net Dividends) Index over periods of five years after all fees and costs are deducted. The fund invests at least two thirds (but typically significantly more) in emerging markets (countries whose economy and financial markets are still developing). The fund typically invests in shares of around 60–80 companies of any size or industry that: • Are listed on an emerging markets stock exchange, or • Are domiciled or conduct a significant proportion of their business in emerging markets, or • Receive a significant amount of their revenues from emerging markets. To a lesser extent, the fund may also invest in frontier markets, these are markets that are at earlier stages of their economic and financial market development than emerging markets. |
| 5. Charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.75% |
| New AMC | 0.75% |
| Previous TER | 0.91% |
| New TER | 0.85% |
| Previous Reimbursed Rebate Rate | 0.08% |
| New Reimbursed Rebate Rate | 0.00% |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Franklin Templeton Fund Management Limited |
| Fund Name | FTF Martin Currie Emerging Markets |
| Type of change | Fund Merger |
| Date merger effective from | 14/03/2025 |
| Date fund suspended | 13/03/2025 |
| Deadline for investors to switch out if appropriate | 11:00 am on 13/03/2025 |
| Is the event subject to shareholder approval? | Yes |
| 2. Fund details | |
| Current Fund | New Fund |
| FTF Martin Currie Emerging Markets | FTF Templeton Global Emerging Markets |
| 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 | The fund aims to increase in value through investment growth by more than the MSCI Emerging Markets Index over periods of five years, after all fees and costs are deducted. The fund invests at least 80% of its assets in shares of companies which are domiciled or conduct their principal activities in emerging markets (countries whose economy and financial markets are still developing), including China. The fund typically invests in shares of around 40 – 60 companies of any size or industry. |
| New objective | The fund aims to increase in value through investment growth by more than the MSCI Emerging Markets (Net Dividends) Index over periods of five years after all fees and costs are deducted. The fund invests at least two thirds (but typically significantly more) in emerging markets (countries whose economy and financial markets are still developing). The fund typically invests in shares of around 60–80 companies of any size or industry that: • Are listed on an emerging markets stock exchange, or • Are domiciled or conduct a significant proportion of their business in emerging markets, or • Receive a significant amount of their revenues from emerging markets. To a lesser extent, the fund may also invest in frontier markets, these are markets that are at earlier stages of their economic and financial market development than emerging markets. |
| 5. Charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.75% |
| New AMC | 0.75% |
| Previous TER | 1.01% |
| New TER | 0.85% |
| Previous Reimbursed Rebate Rate | 0.08% |
| New Reimbursed Rebate Rate | 0.00% |
Client correspondence
- FTF Martin Currie Asia Unconstrained - Merger - Adviser model - Sample
- FTF Martin Currie Asia Unconstrained - Merger - Bundled clients - Sample
- FTF Martin Currie Asia Unconstrained - Merger - Unbundled clients - CB3 - Sample
- FTF Templeton GEM KIID
- FTF Martin Currie EM - Merger - Adviser model - Sample
- FTF Martin Currie Emerging Markets - Merger - Bundled clients - Sample
- FTF Martin Currie Emerging Markets - Merger - Unbundled clients - CB3 - Sample
- FTF Templeton GEM KIID