| Change Details | |
|---|---|
| Title | AXA ACT People & Planet Equity |
| Type | Other events |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 19 March 2025 |
| Change Details | Name, investment policy & objective change |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | AXA Investment Managers UK Limited |
| Fund Name | AXA ACT People & Planet Equity |
| Type of change | Name & Objective Change |
| Date change effective from | 19/03/2025 |
| Is the event subject to shareholder approval? | No |
| 2. Name change details | |
| Current Fund Name | New Fund Name |
| AXA ACT People & Planet Equity | AXA People & Planet Equity |
| 3. Investment objectives & policy | |
| Previous objective & policy | To provide capital growth over the long term (being a period of five years or more); and invest in companies that contribute to the achievement of the United Nation’s Sustainable Development Goals. The fund invests at least 80% of its Net Asset Value in shares of listed companies of any size based anywhere in the world. The Manager selects shares based upon: (i) a company’s positive contribution to the achievement of one or more of the United Nation’s Sustainable Development Goals (the “UN SDGs”) and (ii) an analysis of a company’s financial status, quality of its management, expected profitability and prospects for growth. The UN SDGs provide a globally accepted framework through which companies can align their strategic goals, products and services to help solve the global environmental and social challenges faced by people and planet. |
| New objective & policy | To deliver both financial returns and positive environmental and social outcomes. The aim of this fund is to: (i) provide capital growth over the long term (being a period of five years or more); and (ii) deliver a positive and measurable impact on the environment (or “Planet”) and on society (or “People”) in an intentional manner. The fund will seek to deliver a positive measurable impact by: (a) investing in listed companies in developed or emerging markets that provide products and/or services that are widely available, affordable and produced at scale (often to poorly served populations and communities in developed, emerging and developing economies) or to the industries most exposed to the environmental and social issues the fund seeks to address that directly contributes to the “Outcomes” listed below (‘Asset Contribution’); and (b) actively engaging with and providing stewardship to such companies to accelerate their contribution to the Outcomes and providing additional capital to such companies, (‘Investor Contribution’) In addition, the fund will seek to avoid allocating capital to companies whose activities as a whole may have significant unintentional harms or negative impacts that undermine the positive impact its products and/or services may have. The fund invests at least 90% of its assets in listed companies of any size based in developed or emerging economies. The fund will invest at least 70% of its gross asset value in a diversified portfolio of companies that demonstrate, as explained further below, a strategic commitment to provide innovative, impactful and commercially viable solutions to the environmental and/or social challenges addressed by one or more of the Outcomes. Public listed markets enable listed companies to access the capital and resources required and to reach the scale necessary to develop the expertise needed to provide the solutions to the Outcomes. |