| Change Details | |
|---|---|
| Title | Valu-Trac Investment Management 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 | Valu-Trac Investment Management Limited |
| Fund Name | VT KMGIM Growth |
| Type of change | Fund merger |
| Date merger effective from | 28/02/2025 |
| Date fund suspended | 27/02/2025 |
| Deadline for investors to switch out if appropriate | 11:00 on 27/02/2025 |
| Is the event subject to shareholder approval? | Yes |
| 2. Fund details | |
| Current Fund | New Fund |
| VT KMGIM Growth | VT Esprit Tactical Growth |
| 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 capital growth over the long term (5-7 years) with an emphasis towards higher risk assets such as equities and a lower focus towards lower risk assets such as cash and fixed income. The Fund will seek to achieve its objective by investing primarily (70%+) consisting of a range of OEICS, Unit Trusts, other collective investment vehicles (including exchanged traded funds and funds managed and/or operated by the ACD) providing exposure to asset classes which are diversified globally including equities, fixed income, money market instruments, cash, property and commodities. The portfolio will be diversified across 20 – 50 holdings. Equity exposure within the portfolio will vary between 40% and 85%. |
| New objective | To achieve a level of investment return (capital growth and reinvestable income) in excess of the benchmark (UK RTMA Risk 5 - Growth), net of fees over the longer term (5 years+). The Fund will be actively managed to achieve its stated investment objective by investing in a globally diversified portfolio. The portfolio will consist primarily (70% or above) of a range of OEICS, Unit Trusts, other collective investment vehicles (providing exposure to asset classes including equities, fixed income, money market instruments, cash, property and commodities (through exchange traded vehicles)) and where appropriate may invest directly in equities, fixed income stocks, money market instruments and cash. |
| 5. Charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.35% |
| New AMC | 0.50% |
| Previous TER | 0.90% |
| New TER | 0.71% |