| Change Details | |
|---|---|
| Title | PIMCO Global Advisors (Ireland) 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 | PIMCO Global Advisors (Ireland) Limited |
| Fund Name | PIMCO Dynamic Multi Asset |
| Type of change | Merger |
| Date merger effective from | 22/11/2024 |
| Date fund suspended | 15/11/2024 |
| Deadline for investors to switch out if appropriate | 14:45 on 15/11/2024 |
| Is the event subject to shareholder approval? | Yes - approved |
| 2. Fund details | |
| Current Fund | New Fund |
| PIMCO Dynamic Multi Asset | PIMCO Strategic Income |
| 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 seek to maximise total return, consistent with preservation of capital and prudent investment management by taking exposure to a wide range of asset classes, such as Equity Securities (as defined in the Prospectus of the Company) and equity-related securities, Fixed Income Instruments (as defined in the Prospectus of the Company) and currencies as well as commodity-related instruments and property related instruments (though not direct commodity and property investments) which are provided for under the investment policy of the fund. The fund may achieve the desired exposure by investment in Fixed Income Securities, Equity securities and equity-related securities and/or derivatives (such as swap agreements, futures and options, which may be exchange traded or over-the-counter) as appropriate. |
| New objective | To seek to provide an attractive level of current income, consistent with prudent investment management. The fund also seeks to provide long-term capital appreciation as a secondary objective. The fund is considered to be actively managed in reference to a blend of the following two indices: the Bloomberg U.S Aggregate Bond Index and the MSCI ACWI High Dividend Yield Index weighted 75%/25% respectively (together the “Benchmark”) by virtue of the fact that the Benchmark is used for calculating the global exposure of the fund using the relative VaR methodology and for performance comparison purposes. Certain of the fund’s securities may be components of and may have similar weightings to the Benchmark. However, the Benchmark is not used to define the portfolio composition of the fund or as a performance target and the fund may be wholly invested in securities which are not constituents of the Benchmark. The fund will utilise a global multi-sector strategy that seeks to combine the Investment Advisor’s total return investment process and philosophy with income maximisation. Portfolio construction is founded on the principle of diversification across a broad range of global fixed income and equity securities.. |
| 5. Charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.85% |
| New AMC | 0.79% |
| Previous TER | 0.85% |
| New TER | 0.79% |