| Change Details | |
|---|---|
| Title | SVS Dowgate UK New Economies |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 23 September 2024 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Evelyn Partners Fund Solutions Limited |
| Fund Name | SVS Dowgate UK New Economies |
| Type of change | Merger |
| Date merger effective from | 23/09/2024 |
| Date fund closed to all purchases | 17/09/2024 |
| Date fund suspended | 20/09/2024 |
| Is the event subject to shareholder approval? | Yes |
| 2. Fund details | |
| Current Fund | New Fund |
| SVS Dowgate UK New Economies | SVS Dowgate Cape Wrath Focus |
| 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 achieve long-term capital growth over a period of 7 years by investing at least 70% of its portfolio in UK companies and may also invest in companies listed on recognised UK stock exchanges but which may be domiciled, incorporated or have significant business elsewhere. |
| New objective | To generate capital growth over the long term (5 years) by investing at least 70% in a concentrated portfolio of UK listed equities (however at times investments in equities may be less than 70% due to liquidity or market conditions). |
| 5. Charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.65% |
| New AMC | 0.75% |
| Previous TER | 0.85% |
| New TER | 0.81% |