| Change Details | |
|---|---|
| Title | JPM UK Equity Value |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 01 November 2024 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | JPMorgan Funds Limited |
| Fund Name | JPM UK Equity Value |
| Type of change | Merger |
| Date merger effective from | 01/11/2024 |
| Date fund suspended | 29/10/2024 |
| Deadline for investors to switch out if appropriate | 11:00 on 29/10/2024 |
| Is the event subject to shareholder approval? | Yes - Approved |
| 2. Fund details | |
| Current Fund | New Fund |
| JPM UK Equity Value | JPM UK Equity 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 capital growth over the long-term (5-10 years) through investment in a value style biased portfolio of UK companies. At least 80% of assets invested in a value style biased portfolio of equities of companies that are domiciled or carrying out the main part of their economic activity, in the UK. |
| New objective | To generate a yield, after fees, over a 3-year rolling period, in excess of the FTSE™ All-Share Index and to provide capital growth over the long term (5-10 years). At least 80% of assets invested in equities of companies that are domiciled or carrying out the main part of their economic activity, in the UK. The fund may invest in small capitalisation companies. In search of income, the fund may have significant positions in specific sectors from time to time |
| 5. Charging structure | |
| Unbundled Fund - Share Class B | |
| Previous AMC | 0.80% |
| New AMC | 0.80% |
| Previous TER | 0.95% |
| New TER | 0.95% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.26% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.26% |
| Unbundled Fund - Share Class C | |
| Previous AMC | 0.60% |
| New AMC | 0.60% |
| Previous TER | 0.75% |
| New TER | 0.75% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.06% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.06% |
Client correspondence
- JPM UK Equity Value - Mergers - Bundled - CB123 - GB00B235SZ61 - Sample
- KIID GB00BJ2KYS69
- JPM UK Equity Value - Mergers - Bundled - CB123 GB00B1YXNF71 - Sample
- KIID GB00BYTRDH73
- JPM UK Equity Value - Mergers - Unbundled - CB3 GB00B235T312 - Final
- KIID GB00BYTRDJ97
- JPM UK Equity Value - Mergers - Unbundled - CB3 GB00B1YXPZ18 - Sample
- KIID GB00BJ2KYT76
- JPM UK Equity Value - Mergers - Post - Sample