| Change Details | |
|---|---|
| Title | VT Argonaut European Alpha |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 11 October 2024 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Valu-Trac Investment Management Limited |
| Fund Name | VT Argonaut European Alpha |
| Type of change | Merger |
| Date merger effective from | 11/10/2024 |
| Date fund suspended | 09/10/2024 |
| Deadline for investors to switch out if appropriate | 11:00 am on 09/10/2024 |
| Is the event subject to shareholder approval? | Yes - Approved |
| 2. Fund details | |
| Current Fund | New Fund |
| VT Argonaut European Alpha | VT Argonaut Flexible |
| 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 returns (capital and income) in excess of the returns of the Investment Association (IA) Europe ex UK Sector over the long term (5 years). The fund will seek to achieve its objective by investing in a concentrated portfolio of approximately 30-60 stocks. The fund will invest at least 80% in companies incorporated in countries in Europe. The fund may also invest in companies that are headquartered or quoted outside Europe which derive a significant part of their business from Europe and whose securities are listed or traded on an eligible securities exchange. The fund will not concentrate on any particular sector but will invest in a broad range of companies without regard to market capitalisation. |
| New objective | To provide positive returns (a combination of capital and income) over a 5 year period. Capital invested in the fund is at risk and there is no guarantee that the investment objective will be met over a 5 year, or any other period. The fund will seek to achieve its objective by investing in a portfolio of stocks that is, at times, concentrated (meaning, at times, approximately 30-60 stocks). The fund is not constrained by any allocation limits and therefore may invest up to 100% in such stocks, with no minimum requirement. However, the fund will typically invest between 50% to 80% of its assets in the shares of companies incorporated in countries in Europe (including the United Kingdom) and the United States (the “US”). The fund may also invest in companies that are headquartered or quoted outside Europe or the US whose securities are listed or traded on a developed exchange markets. The fund will not concentrate on any particular sector but will invest in a broad range of companies whose shares are liquid and marketable and have a capitalisation of at least £500 million. |
| 5. Charging structure | |
| Bundled Fund - A Share Class | |
| Previous AMC | 1.75% |
| New AMC | 0.75% |
| Previous TER | 1.91% |
| New TER | 0.84% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.50% |
| New Reimbursed Amount(Charge Basis 2) | 0.00% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 1.05% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.00% |
| Unbundled Fund - R Share Class | |
| Previous AMC | 0.75% |
| New AMC | 0.75% |
| Previous TER | 0.91% |
| New TER | 0.84% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.00% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.00% |
| Unbundled Fund - I Share Class | |
| Previous AMC | 0.75% |
| New AMC | 0.75% |
| Previous TER | 0.91% |
| New TER | 0.84% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.00% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.00% |
| Unbundled Fund - I (Hedged) Share Class | |
| Previous AMC | 0.75% |
| New AMC | 0.75% |
| Previous TER | 0.91% |
| New TER | 0.84% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.00% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.00% |
Client Correspondence
- VT Argonaut European Alpha - Merger - Bundled - CB123 - Sample
- VT Argonaut Flexible Fund KIID Class A Shares (GBP) 2024-09-06
- VT Argonaut European Alpha - Merger - Unbundled - CB3 - Sample
- VT Argonaut Flexible Fund KIID Class I Shares (GBP) 2024-09-06
- VT Argonaut European Alpha - Merger - Adviser Model - Sample