| Change Details | |
|---|---|
| Title | HSBC Global Property |
| Type | Name Changes |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 24 September 2024 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | HSBC Global Asset Management (UK) Limited |
| Fund Name | HSBC Global Property |
| Type of change | Name, Investment Policy, OCF & AMC changes |
| Date change effective from | 24/09/2024 |
| Is the event subject to shareholder approval? | No |
| 2. Name change details | |
| Current Fund Name | New Fund Name |
| HSBC Global Property | HSBC Global Listed Real Assets |
| 3. Investment objectives | |
| Previous objective | To achieve its objective, the fund will invest at least 80% of its value in property-related securities and collective investment schemes that, in turn, invest in direct property (physical buildings) and property-related securities. There will be no geographical restrictions. The fund may also invest up to 20% of its value in money market instruments, deposits, cash and collective investment schemes that invest in such assets to manage day-to-day cash flow requirements. The collective investment schemes in which the fund may invest will, where possible, be those managed or operated by the HSBC Group. |
| New objective | To achieve its objective, the fund will invest at least 90% of its value in listed infrastructure securities and listed property-related securities. There will be no geographical restrictions. The fund may invest up to 10% of its value in depositary receipts and other assets that provide indirect exposure to listed infrastructure securities and listed property-related securities. The fund may invest up to 10% of its value in collective investment schemes, which in turn invest in listed infrastructure securities, listed property-related securities and/or other assets. The collective investment schemes may be managed or operated by the HSBC Group. To manage day-to-day cash flow requirements, the fund may also invest in money market instruments, deposits and cash. |
| 4. Change to charging structure | |
| Bundled Fund | |
| Previous AMC | 1.25 |
| New AMC | 1.25 |
| Previous OCF | 1.89 |
| New OCF | 1.33 |
| Previous Reimbursed Amount (Charge Basis 2) | 0.50 |
| New Reimbursed Amount (Charge Basis 2) | 0.50 |
| Previous Reimbursed Rebate Rate (Charge Basis 3) | 0.95 |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.50 |
| Unbundled Fund | |
| Previous AMC | 0.30 |
| New AMC | 0.75 |
| Previous OCF (Inc/Acc) | 0.93 / 0.94 |
| New OCF (Inc/Acc) | 0.82 / 0.83 |