| Change Details | |
|---|---|
| Title | Ninety One UK Smaller Companies |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 07 March 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 Smaller Companies |
| Type of change | Fund Merger |
| Date merger effective from | 07/03/2025 |
| Date fund suspended | 06/03/2025 |
| Deadline for investors to switch out if appropriate | 11:00 on 06/03/2025 |
| Is the event subject to shareholder approval? | Yes |
| 2. Fund details | |
| Current Fund | New Fund |
| Ninety One UK Smaller Companies | Ninety One UK Special Situations |
| 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) over at least five years. The fund invests primarily (at least two-thirds) in the shares of UK smaller companies and in related derivatives (financial contracts whose value is linked to the price of the shares of such UK companies). |
| New objective | To provide capital growth (to grow the value of your investment) and income over at least five years. The fund invests 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) and in related derivatives (financial contracts whose value is linked to the price of the shares of such UK companies). |
| 5. Charging structure | |
| Bundled Fund | |
| Previous AMC | 1.50% |
| New AMC | 1.50% |
| Previous TER | 1.62% |
| New TER | 1.62% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.50% |
| New Reimbursed Amount(Charge Basis 2) | 0.50% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.80% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.86% |
| Unbundled Fund | |
| Previous AMC | 0.75% |
| New AMC | 0.75% |
| Previous TER | 0.87% |
| New TER | 0.87% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.05% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.11% |