| Change Details | |
|---|---|
| Title | Ninety One Fund Managers UK Limited |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 28 February 2025 |
| 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 UK Sustainable Equity |
| Type of change | Fund Merger |
| Date merger effective from | 28 February 2025 |
| Date fund suspended | 27 February 2025 |
| Deadline for investors to switch out if appropriate | 11:00 am on 27 February 2025 |
| Is the event subject to shareholder approval? | Yes - approved |
| 2. Fund details | |
| Current Fund | New Fund |
| Ninety One UK Sustainable Equity | Ninety One Global Sustainable Equity |
| 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 and income over at least five years by investing primarily (at least two-thirds) in the shares of UK companies (those incorporated in, domiciled in, or that have significant economic exposure to, the UK). The fund invests in companies which are considered by the Investment Manager to be making a positive contribution to society and/or the environment through sustainable and socially responsible practices, products and/or services. |
| New objective | To provide capital growth and income over at least five years by investing primarily (at least two thirds but typically substantially more) in the shares of companies around the world which meet the Investment Manager’s sustainability framework. The fund takes a positive inclusion approach which means that the Investment Manager focuses on investing in companies it believes to be leaders in their industry sectors and geographies in their approach to sustainability. These companies have policies, operations and/or business models that aim to minimise their harmful effects on society and the environment, or whose products and/or services seek to benefit society and the environment. |
| 5. Charging structure | |
| Unbundled Fund -U | |
| Previous AMC | 0.75% |
| New AMC | 0.75% |
| Previous TER | 0.86% |
| New TER | 0.88% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.11% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.11% |
| Unbundled Fund (Share Class J) -U3 | |
| Previous AMC | 0.65% |
| New AMC | 0.65% |
| Previous TER | 0.76% |
| New TER | 0.78% |
| Unbundled Fund (Share Class K) -U3 | |
| Previous AMC | 0.40% |
| New AMC | 0.40% |
| Previous TER | 0.51% |
| New TER | 0.53% |
Client correspondence
- Global_Sustainable_Equity_Fund-Class_I_Accumulation_shares_in_sterling-English-GBP
- Global_Sustainable_Equity_Fund-Class_J_Accumulation_shares_in_sterling-English-GBP (1)
- Global_Sustainable_Equity_Fund-Class_K_Accumulation_shares_in_sterling-English-GBP
- Global_Sustainable_Equity_Fund-Class_K_Income_shares_in_sterling-English-GBP
- Ninety One UK Sust Eq - Merger - Adviser model Sample
- Ninety One UK Sust Eq - Merger - Unbundled 'J' -U3 clients - CB3 Sample
- Ninety One UK Sust Eq - Merger - Unbundled 'K' -U3 clients - CB3 Sample
- Ninety One UK Sust Eq - Merger - Unbundled -U clients - CB3 Sample