| Change Details | |
|---|---|
| Title | GAM Sterling Management Limited |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 12 July 2024 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Name | GAM UK Equity Income |
| Type of change | Merger |
| Date merger effective from | 12/07/2024 |
| Date fund suspended | 11/07/2024 |
| Deadline for investors to switch out if appropriate | 11:00 11/07/2024 |
| Is the event subject to shareholder approval? | Yes - Approved 26/06/2024 |
| 2. Fund details | |
| Current Fund Manager | New Fund Manager |
| GAM Sterling Management Limited | Jupiter Unit Trust Managers Limited |
| Current Fund | New Fund |
| GAM UK Equity Income | Jupiter UK Multi Cap Income |
| 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 | To provide income and seeks to achieve capital appreciation by investing at least two thirds of its assets in UK equities, including ordinary shares and preference shares, without restrictions either by company, size or industry. UK equities are shares of companies that are domiciled, incorporated or have a significant portion of their business in the UK. This condition must be met in addition to the investments being listed on a stock exchange in the UK. |
| New objective | To provide income and achieve capital appreciation by investing at least 70% of its assets in UK equities, including ordinary shares and preference shares, without restrictions either by company, size or industry. UK equities are shares of companies that are domiciled, incorporated or have a significant portion of their business in the UK. This condition must be met in addition to the investments being listed on a stock exchange in the UK. The fund may invest in small, medium and large companies. The fund’s exposure to UK equities will be higher than 70% where the Investment Manager believes UK equities offer better return prospects than other asset classes or other geographies. |
| 5. Charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.55% |
| New AMC | 0.64% |
| Previous TER | 0.64% |
| New TER | 0.64% |