| Change Details | |
|---|---|
| Title | Royal London Emerging Markets ESG Leaders Equity Tracker |
| Type | Name Changes |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 10 December 2024 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Royal London Unit Trust Managers Limited |
| Fund Name | Royal London Emerging Markets ESG Leaders Equity Tracker |
| Type of change | Name AMC & Objective Change |
| Date change effective from | 10/12/2024 |
| Is the event subject to shareholder approval? | Yes - Approved |
| 2. Name change details | |
| Current Fund Name | New Fund Name |
| Royal London Emerging Markets ESG Leaders Equity Tracker | Royal London Emerging Markets Equity Tilt |
| 3. Investment objectives | |
| Previous objective | To deliver over the long term, which should be considered as a period of 7-plus years, the capital growth and income of the MSCI Emerging Markets ESG Leaders Net Return Index (expressed in GBP) (the "Index"). This is carried out principally by matching the performance of the Index, which is made up of companies that have the highest environmental, social and governance (ESG) performance in each sector of the wider MSCI Emerging Markets Net Return Index The fund will invest at least 70% of its assets in shares of companies that belong to the Index. The fund uses an optimised portfolio approach aimed at maximising return while controlling risk. This means that, while the fund aims largely to replicate the composition of the Index, the manager may decide not to hold all constituents of the Index, particularly if they have poor liquidity (where the money invested is not easily accessible), or if they are expensive to trade. The manager may also choose not to hold constituents in the exact benchmark weights of the Index. |
| New objective | To deliver capital growth and income over the medium term, which should be considered as a period of 3 to 5 years, by primarily investing in shares of emerging market companies by market capitalisation listed on major markets globally. The fund’s performance target is to deliver the performance, after the deduction of charges, of the MSCI Emerging Markets ex China A GBP Net Return Index (the “Index”) over rolling 3-year periods. The fund will seek to achieve carbon intensity of at least 30% lower than that of the Index. The fund will invest at least 90% of its assets in shares of companies that belong to the Index. The fund is actively managed, meaning that the Investment Manager will use their expertise to select investments to meet the investment objective. The fund’s assets are systematically invested to deliver the investment objective while controlling risk relative to the Index. Systematic investment describes the use of relevant data and models to construct a portfolio that aligns to the fund’s specific risk profile, investment parameters and objective. In actively managing the fund, the Investment Manager will take different positions relative to the Index which will generate a different return profile. This is known as active risk (the “Active Risk”). Active Risk is measured as the difference between the fund’s return and the Index over a certain time period. The Active Risk in relation to the Index is not expected to exceed 1% per annum. |
| 4. Change to charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.25 |
| New AMC | 0.23 |