| Change Details | |
|---|---|
| Title | Ninety One Fund Managers UK Limited |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 14 June 2024 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Ninety One Fund Managers UK Limited |
| Fund Name | Ninety One Global Multi-Asset Sustainable Growth |
| Type of change | Merger |
| Date merger effective from | 14/06/2024 |
| Date fund suspended | 13/06/2024 |
| Deadline for investors to switch out if appropriate | 11:00 13/06/2024 |
| Is the event subject to shareholder approval? | Yes - Approved on 05 June 2024 |
| 2. Fund details | |
| Current Fund | New Fund |
| Ninety One Global Multi-Asset Sustainable Growth | Ninety One Global Macro 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 | To provide capital growth (to grow the value of your investment) and income over at least 5 years. The fund focuses on investing in companies and countries believed by the Investment Manager to have policies, operations and/or business models that aim to manage their harmful effects on society and the environment, or whose products and/or services seek to benefit society and the environment. The fund invests in a broad range of assets around the world. These assets include the shares of companies, bonds (or similar debt-based assets), commodities property and alternative assets (such as hedge funds, infrastructure funds and private equity funds). Investments may be held directly in the asset itself (excluding commodities and property) or indirectly (e.g. using derivatives (financial contracts that are linked to the value of an underlying asset), exchange traded products and/or through funds). |
| New objective | To provide total returns comprised of capital growth (to grow the value of your investment) and income over at least 5 years. While the fund aims to achieve a positive return, there is no guarantee it will be achieved over 5 years or over any period of time and there is risk of loss. The fund invests in a broad range of assets around the world. These assets may include shares of companies (which may be of any size and in any industry sector), bonds (or similar debt-based assets), commodities, property and other alternative assets (such as hedge funds, infrastructure funds and private equity funds). Investments may be held directly in the asset itself (excluding commodities and property) or indirectly (e.g. using derivatives (financial contracts whose value is linked to the price of an underlying asset), exchange traded products and/or through funds). |
| 5. Charging structure | |
| Bundled Fund | |
| Previous AMC | 1.50% |
| New AMC | 1.50% |
| Previous TER | 1.72% |
| New TER | 1.70% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.50% |
| New Reimbursed Amount(Charge Basis 2) | 0.50% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.86% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.86% |
| Unbundled Fund | |
| Previous AMC | 0.75% |
| New AMC | 0.75% |
| Previous TER | 0.97% |
| New TER | 0.97% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.11% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.11% |