| Change Details | |
|---|---|
| Title | Sanlam Asset Management Ireland Limited |
| Type | Other events |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 09 May 2024 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Sanlam Asset Management Ireland Limited |
| Fund Name | Sanlam Short Duration Corporate Bond |
| Type of change | Name , Investment Policy & AMC change |
| Date change effective from | 9 May 2024 |
| Is the event subject to shareholder approval? | Yes |
| 2. Name change details | |
| Previous fund name | Sanlam Short Duration Corporate Bond |
| New fund name | Sanlam International Credit |
| 3. Fund Investment Policy | |
| Previous fund investment policy | The fund is actively managed and will seek to achieve the investment objective through investing the majority of its net assets in a variety of Sterling, US Dollar and Euro short-dated investment grade corporate bonds (not limited to any particular sector or geographical region), of no more than 6 years maturity (in circumstances of extreme market volatility and in the opinion of the Investment Manager, the fund may hold a majority of its net assets in cash or ancillary liquid assets (including money market instruments such as bank deposits and treasury bills) for so long as market conditions so dictate). The fund may invest up to a maximum of 30% of its net assets in bonds issued by governments, their agencies, local authorities, instrumentalities, and public international bodies. The balance of the fund’s investments will be in debt instruments (government or corporate, fixed or floating, rated or unrated) listed or traded primarily in the UK. |
| New fund investment policy | The fund is actively managed and will seek to achieve the investment objective through investing the majority of its net assets in debt securities (as further detailed below) admitted to or dealt and actively traded worldwide on recognised markets. The fund’s investment in debt securities shall cover all varieties of fixed and floating rate income securities (i.e. fixed rate, floating rate, secured (including asset-backed), unsecured, subordinated, dated, perpetual and inflation-linked bonds). Asset-backed securities are securities made up of pools of debt securities and securities with debt like characteristics. Such asset-backed securities will not embed derivatives and/or generate leverage. The fund may invest on a global basis and there is no geographical, industry or sectoral focus in relation to the asset classes to which exposure may be taken. The fund’s investments may include investments in bonds, treasury bills and debentures issued or guaranteed by: (1) governments and government-related issuers, their agencies, local authorities, instrumentalities, and public international bodies and (2) corporate or other commercial issuers worldwide. |
| 4. Change to charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.50% |
| New AMC | 0.28% |
| Previous OCF | 1.12% |
| New OCF | 0.90% |