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M&G Securities Limited

Change Details
Title M&G Securities Limited
Type Mergers
Companies Impacted Quilter Life & Pensions Limited Quilter Investment Platform Limited
Effective Date 22 November 2024
1. Fund details  
Companies impacted Quilter Life & Pensions Limited
Quilter Investment Platform Limited
Fund Group M&G Securities Limited 
Fund Name M&G Sustainable Multi Asset Cautious
Type of change Merger
Date merger effective from 22 November 2024
Date fund suspended 21 November 2024
Deadline for investors to switch out if appropriate 11:00 am on 21 November 2024
Is the event subject to shareholder approval? Yes
2. Fund details  
Current Fund New Fund
M&G Sustainable Multi Asset Cautious M&G Episode Allocation 
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 has two aims:

• To limit the average volatility to 9% per annum over any five-year period while providing a total return (the
combination of capital growth and income) over that period;

and

• To invest in assets which meet the fund’s preferred ESG standards and/or those that provide a positive societal impact through addressing the world’s
major social and environmental challenges.

The fund invests globally across a range of asset classes, including equities and equity-related securities, fixed  income securities, cash and near cash.

Typically, the fund holds 0-35% of its Net Asset Value in equities and equity-related securities, but there is no obligation on the fund manager to hold a particular level of equity exposure.
New objective The fund aims to deliver a total return (the combination of capital growth and income) of at least 5% per annum above the Sterling Overnight Index Average (SONIA), before any charges are taken, over any five-year period.

There is no guarantee that the fund will achieve a
positive return over five years, or any other, period,
and investors may not get back the original amount
they invested.

The fund is a multi-asset fund that invests across a range of asset classes, including equities, fixed income securities, convertibles, cash and near cash.

The fund seeks to manage risk by investing globally
across multiple asset classes, sectors, currencies and
countries. The fund will typically invest 20-60% of its assets in equities and convertibles, 30-75% in fixed income securities or cash, and up to 20% in other assets.

 
5. Charging structure  
Unbundled Fund  
Previous AMC 0.65%
New AMC 0.65%
Previous TER 0.71%
New TER 0.65%
Previous Reimbursed Rebate Rate(Charge Basis 3) 0.05%
New Reimbursed Rebate Rate (Charge Basis 3) 0.05%

Client correspondence