| Change Details | |
|---|---|
| Title | Overstone Global Equity Income |
| Type | Name Changes |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 31 March 2025 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Thesis Unit Trust Management Limited |
| Fund Name | Overstone Global Equity Income |
| Type of change | Name, Objective & Policy |
| Date change effective from | 31/03/2025 |
| Is the event subject to shareholder approval? | No |
| 2. Name change details | |
| Current Fund Name | New Fund Name |
| Overstone Global Equity Income | Overstone Global All Cap Value |
| 3. Investment objectives & Policy | |
| Previous | To achieve an income and some capital growth, (net of fees) over the longer term (i.e. 5 years or more) by investing in a diversified global portfolio which may include investing up to 100% in equity markets. Although the fund will be geographically diversified, it will have a concentrated portfolio since it will typically have 15-40 holdings. The fund may also invest in fixed income assets (up to 30%) e.g. corporate and government bonds, warrants, money market instruments, deposits, cash and near cash. Investment will be made directly but may include indirect exposure through the use of collective investment schemes. No more than 10% of the fund’s assets may be invested in units in other collective investment undertakings. Investment in other collective investment schemes may include those managed or operated by the ACD. |
| New | To achieve capital growth and some income, (net of fees) over the longer term (i.e. 5 years or more) by investing in a diversified global equities portfolio which may include investing up to 100% in equity markets. The Investment Manager follows a value investing strategy selecting companies that trade at a price that the Investment Manager considers to be less than their intrinsic value. Although the fund’s investments will be geographically diversified, it will have a concentrated portfolio since it will typically have 16-40 holdings. The fund may also invest in fixed income and cash assets (up to 20%) e.g. corporate and government bonds, warrants, money market instruments, deposits, cash and near cash. The above exposure may be gained directly or through the use of collective investment vehicles (including exchange traded vehicles and investment trusts) which may include collective investment vehicles managed by the ACD or its associates or the Investment Manager or its associates. No more than 10% of the fund’s assets may be invested in units in other collective investment undertakings. The Investment Manager is not guided by market capitalisation of a company when investing and may have exposure to a mixture of large, medium, and small capitalisation companies with a maximum of 50% of the portfolio invested in smaller companies, defined as companies with a market capitalisation of $5,000,000,000 or less. The investment policy of the fund may mean that at times, where it is considered appropriate, the Scheme Property will not be fully invested and that prudent levels of liquidity will be maintained in order to reduce risk and preserve capital. |