| Change Details | |
|---|---|
| Title | Keystone Positive Change Investment Trust Plc |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 28 March 2025 |
| 1. Asset details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Asset Group | Baillie Gifford |
| Asset Name | Keystone Positive Change Investment Trust Plc |
| Type of change | Merger |
| Date merger effective from | 28 March 2025 |
| Date asset closed to new business | 20 December 2024 |
| Date asset suspended | 17 March 2025 |
| Deadline for investors to switch out if appropriate | 2:00pm on 17 March 2025 |
| Is the event subject to shareholder approval? | Yes |
| 2. Asset details | |
| Current Asset | New Asset |
| Keystone Positive Change Investment Trust Plc (Investment Trust) | Baillie Gifford Positive Change (OEIC) |
| 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 asset? | Yes |
| 3. Investment objectives | |
| Previous objective | The Company is actively managed and invests in a diversified portfolio of assets. The Company will invest for long term capital growth predominantly in shares of companies with the aim of exceeding the MSCI AC World Index (in sterling terms) by at least 2% per annum over rolling five-year periods. The Company will contribute towards a more sustainable and inclusive world by investing in the equities of companies whose products or services make a positive social or environmental impact. |
| New objective | The Fund aims to outperform (after deduction of costs) the MSCI ACWI Index, as stated in sterling, by at least 2% per annum over rolling five-year periods. The Fund also aims to contribute to a more sustainable and inclusive world over rolling five-year periods (the "Impact"). The Fund will contribute to a more sustainable and inclusive world (as defined in the Theory of Change set out in the Prospectus) through investing (at least 90%) in companies whose products and/or services contribute to the Impact by addressing critical social and/or environmental challenges in the areas that include: i) social inclusion and education; ii) environment and resource needs iii) healthcare and quality of life iv) base of the pyramid (addressing the needs of the poorest four billion people in the world) (the "Impact Outcomes") with each of social inclusion and education; environment and resource needs; healthcare and quality of life and base of the pyramid (being an "Impact Theme") |