| Change Details | |
|---|---|
| Title | Valu-Trac Investment Management Limited |
| Type | Objective and policy changes |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 28 March 2025 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Valu-Trac Investment Management Limited |
| Fund Name | VT Esprit Careful Growth VT Esprit Tactical Alpha Plus VT Esprit Tactical Balanced VT Esprit Tactical Growth |
| Type of change | Investment objective and policy changes |
| Date change effective from | 28/03/2025 |
| Is the event subject to shareholder approval? | No |
| 2. Investment objectives | |
| VT Esprit Careful Growth | |
| Current | New |
| To achieve a level of investment return (capital growth and reinvestable income) in excess of the benchmark (UK RTMA Risk 2 - Cautious) net of fees, over the longer term (5 years+). The fund will be actively managed to achieve its objective by investing in a globally diversified portfolio. The portfolio will consist primarily (70% or above) of a range of OEICS, Unit Trusts, other collective investment vehicles (providing exposure to asset classes including equities, fixed income, money market instruments, cash, property and commodities (through exchange traded vehicles)), but where appropriate may invest directly in equities, fixed income stocks, money market instruments and cash. The Investment Manager, where not inconsistent with the return objective of the fund, aims to maintain the fund within its defined risk band as defined by and in line with the benchmark (UK RTMA Risk 2 - Cautious) over a 5 year rolling basis. Where external market conditions dictate the Investment Manager will use their discretion to judge how and when to bring the fund back within its defined benchmark. There will be no particular emphasis on any industrial, geographic or economic sector. Derivatives and forward transactions may be held for efficient portfolio management purposes. |
To achieve an investment return (capital growth and reinvestable income) over the longer term (5 years+). The fund will be actively managed to achieve its objective by investing in a globally diversified portfolio. The portfolio will consist primarily (70% or above) of a range of OEICS, Unit Trusts, other collective investment vehicles (providing exposure to asset classes including equities, fixed income, money market instruments, cash, property and commodities (through exchange traded vehicles)), but where appropriate may invest directly in equities, fixed income stocks, money market instruments and cash. There will be no particular emphasis on any industrial, geographic or economic sector. Derivatives and forward transactions may be held for efficient portfolio management purposes. The fund is suitable for cautious investors seeking to achieve long term capital growth, whilst avoiding the large fluctuations sometimes associated with investing in equities, with a preference towards lower risk assets such as bonds. |
| VT Esprit Tactical Alpha Plus | |
| Current | New |
| To achieve a level of investment return (capital growth and reinvestable income) in excess of the benchmark (UK RTMA Risk 6 - Adventurous), net of fees over the longer term (5 years+). The fund will be actively managed to achieve its stated investment objective by investing in a globally diversified portfolio. The portfolio will consist primarily (70% or above) of a range of OEICS, Unit Trusts, other collective investment vehicles (providing exposure to asset classes including equities, fixed income, money market instruments, cash, property and commodities (through exchange traded vehicles)) and where appropriate may invest directly in equities, fixed income stocks, money market instruments and cash. The Investment Manager, where not inconsistent with the return objective of the fund, will aim to maintain the fund within its defined risk band, as defined by and in line with the benchmark (UK RTMA Risk 6 - Adventurous) over a 5 year rolling basis. Where external market conditions dictate the Investment Manager will use their discretion to judge how and when to bring the Fund back within its defined benchmark. There will be no particular emphasis on any industrial, geographic or economic sector. Derivatives and forward transactions may be held for efficient portfolio management purposes. |
To achieve an investment return (capital growth and reinvestable income) over the longer term (5 years+). The fund will be actively managed to achieve its stated investment objective by investing in a globally diversified portfolio. The portfolio will consist primarily (70% or above) of a range of OEICS, Unit Trusts, other collective investment vehicles (providing exposure to asset classes including equities, fixed income, money market instruments, cash, property and commodities (through exchange traded vehicles)) and where appropriate may invest directly in equities, fixed income stocks, money market instruments and cash. There will be no particular emphasis on any industrial, geographic or economic sector. Derivatives and forward transactions may be held for efficient portfolio management purposes. The fund is suitable for investors who are prepared to accept a high level of investment risk in order to potentially achieve higher returns, with a strong preference towards equities, although other asset classes will be considered where appropriate. This approach may result in periods of high volatility and a risk of capital losses. |
| VT Esprit Tactical Balanced | |
| Current | New |
| To achieve a level of investment return (capital growth and reinvestable income) in excess of the benchmark (UK RTMA Risk 4 - Balanced), net of fees over the longer term (5 years+). The fund will be actively managed to achieve Its stated investment objective by investing in a globally diversified portfolio. The portfolio will consist primarily (70% or above) of a range of OEICS, Unit Trusts, other collective investment vehicles (providing exposure to asset classes including equities, fixed income, money market instruments, cash, property and commodities (through exchange traded vehicles)) and where appropriate may invest directly in equities, fixed income stocks, money market instruments and cash. The Investment Manager, where not inconsistent with the return objective of the fund, aims to maintain the fund within its defined risk band, as defined by and in line with the benchmark (UK RTMA Risk 4 - Balanced) over a 5 year rolling basis. Where external market conditions dictate the Investment Manager will use their discretion to judge how and when to bring the fund back within its defined benchmark. There will be no particular emphasis on any industrial, geographic or economic sector. Derivatives and forward transactions may be held for efficient portfolio management purposes. |
To achieve an investment return (capital growth and reinvestable income) over the longer term (5 years+). The fund will be actively managed to achieve its stated investment objective by investing in a globally diversified portfolio. The portfolio will consist primarily (70% or above) of a range of OEICS, Unit Trusts, other collective investment vehicles (providing exposure to asset classes including equities, fixed income, money market instruments, cash, property and commodities (through exchange traded vehicles)) and where appropriate may invest directly in equities, fixed income stocks, money market instruments and cash. There will be no particular emphasis on any industrial, geographic or economic sector. Derivatives and forward transactions may be held for efficient portfolio management purposes. The fund is suitable for investors seeking long term capital growth through exposure to a diversified range of asset classes. There will be a balance of lower and higher risk assets which may result in periods of volatility and a risk of capital losses. |
| VT Esprit Tactical Growth | |
| Current | New |
| To achieve a level of investment return (capital growth and reinvestable income) in excess of the benchmark (UK RTMA Risk 5 – Growth), net of fees over the longer term (5 years+). The fund will be actively managed to achieve its stated investment objective by investing in a globally diversified portfolio. The portfolio will consist primarily (70% or above) of a range of OEICS, Unit Trusts, other collective investment vehicles (providing exposure to asset classes including equities, fixed income, money market instruments, cash, property and commodities (through exchange traded vehicles)) and where appropriate may invest directly in equities, fixed income stocks, money market instruments and cash. The Investment Manager, where not inconsistent with the return objective of the fund, will aim to maintain the fund within its defined risk band, as defined by and in line with the benchmark (UK RTMA Risk 5 - Growth) over a 5 year rolling basis. Where external market conditions dictate the Investment Manager will use their discretion to judge how and when to bring the fund back within its defined benchmark. There will be no particular emphasis on any industrial, geographic or economic sector. Derivatives and forward transactions may be held for efficient portfolio management purposes. |
To achieve an investment return (capital growth and reinvestable income) over the longer term (5 years+). The fund will be actively managed to achieve its stated investment objective by investing in a globally diversified portfolio. The portfolio will consist primarily (70% or above) of a range of OEICS, Unit Trusts, other collective investment vehicles (providing exposure to asset classes including equities, fixed income, money market instruments, cash, property and commodities (through exchange traded vehicles)) and where appropriate may invest directly in equities, fixed income stocks, money market instruments and cash. There will be no particular emphasis on any industrial, geographic or economic sector. Derivatives and forward transactions may be held for efficient portfolio management purposes. The fund is suitable for investors who are comfortable with investment risk and seek long term capital growth, but with lower volatility than global equity markets. There will be a preference towards equities and other asset classes that offer the potential for capital growth, but some level of volatility should be expected, and the associated risk of capital losses. |