| Change Details | |
|---|---|
| Title | UBAM Positive Impact Equity |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 31 July 2024 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Union Bancaire Privée, UBP SA |
| Fund Name | UBAM Positive Impact Equity |
| Type of change | Merger |
| Date merger effective from | 31/07/2024 |
| Date fund closed to all purchases | 21/06/2024 |
| Date fund suspended | 24/07/2024 |
| Deadline for investors to switch out if appropriate | 11:00 24/07/2024 |
| Is the event subject to shareholder approval? | No |
| 2. Fund details | |
| Current Fund | New Fund |
| UBAM Positive Impact Equity | UBAM Positive Impact Global 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 grow capital and generate income by investing at least 70% of its net assets, in shares of companies having their registered office in the European Union, in the United Kingdom, in the European Economic Area and/or Switzerland and, on an ancillary basis, up to 20% of its net assets in warrants on transferable securities, convertible bonds or bonds with warrants on transferable securities, bonds and other debt securities and money market instruments. The fund is permitted to invest up to 15% in emerging markets. |
| New objective | To grow capital and generate income by investing in shares of worldwide -including Emerging countries- equities. The fund is actively managed and relatively concentrated (typically under 60 names) with low turn-over and may invest up to 20% of its net assets in warrants on transferable securities, convertible bonds or bonds with warrants on transferable securities, bonds and other debt securities and money market instruments. |
| 5. Charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.50% |
| New AMC | 0.55% |
| Previous TER | 0.94% |
| New TER | 0.93% |