| Change Details | |
|---|---|
| Title | Lowes Investment Management Limited (SKYLINE) |
| Type | Objective and policy changes |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 19 April 2024 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Lowes Investment Management Limited (SKYLINE) |
| Fund Name | Lowes UK Defined Strategy |
| Type of change | Objective change |
| Date change effective from | 19 April 2024 |
| Is the event subject to shareholder approval? | Yes |
| 2. Fund objectives | |
| Previous fund objective | To provide an annualised targeted return in excess of 5% above the Bank Of England Sterling Overnight Index Average (SONIA) over the medium to long term in rising, directionless or modestly falling UK equities markets. This return is not guaranteed. The fund will aim to achieve the targeted return, while being less volatile than a corresponding investment into UK equity markets. It will invest in a core portfolio predominantly comprised of defined return equity strategies that aim to provide capital growth in all but extreme negative market scenarios. The fund will invest directly in equities, equity related securities and government and investment grade bonds and indirectly in these securities through FDI (on exchange and over the counter). |
| New fund objective | To provide capital growth over the medium to long term. The fund is actively managed and is not managed with reference to a benchmark. The performance of the fund can be assessed, however, by considering whether the objective is achieved. The fund will invest directly in equities, equity related securities and government and investment grade bonds and indirectly in these securities through FDI (on exchange and over the counter). |