| Change Details | |
|---|---|
| Title | Man GLG Strategic Bond |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 09 September 2024 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Man Fund Management UK Limited |
| Fund Name | Man GLG Strategic Bond |
| Type of change | Merger |
| Date merger effective from | 9 September 2024 |
| Date fund suspended | 30 August 2024 |
| Deadline for investors to switch out if appropriate | 11:00 am on 30 August 2024 |
| Is the event subject to shareholder approval? | Yes - Approved 12/08/2024 |
| 2. Fund details | |
| Current Fund | New Fund |
| Man GLG Strategic Bond | Man GLG Sterling Corporate Bond |
| 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 achieve a total return by investing globally in government bonds, corporate bonds and other bond securities. It will invest at least 80% of its assets in Sterling denominated securities (or non-sterling denominated securities hedged back to Sterling or in any combination of both). |
| New objective | To provide income and capital growth by outperforming (net of fees) the ICE BofA Sterling Corporate & Collateralized Index (GBP Total Return) over 3 year rolling periods by investing in fixed and floating rate securities issued by UK companies and non-UK companies. It will invest at least 80% of its assets in Sterling denominated securities (or non-sterling denominated securities hedged back to Sterling or in any combination of both). |
| 5. Charging structure | |
| Bundled Fund | |
| Previous AMC | 1.25% |
| New AMC | 0.46% |
| Previous TER | 1.40% |
| New TER | 0.63% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.25% |
| New Reimbursed Amount(Charge Basis 2) | 0.00% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.75% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.00% |
| Unbundled Fund | |
| Previous AMC | 0.50% |
| New AMC | 0.46% |
| Previous TER | 0.65% |
| New TER | 0.63% |