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Aviva Investors UK Fund Services Limited

Change Details
Title Aviva Investors UK Fund Services Limited
Type Other events
Companies Impacted Quilter Life & Pensions Limited Quilter Investment Platform Limited
Effective Date 24 September 2024
1. Fund details  
Companies impacted Quilter Life & Pensions Limited
Quilter Investment Platform Limited
Fund Group Aviva Investors UK Fund Services Limited 
Fund Name Aviva Investors Distribution 
Type of change Name, objective & FMF change
Date change effective from 24/09/2024
Is the event subject to shareholder approval? Yes - approved.
2. Name change details  
Current Fund Name New Fund Name
Aviva Investors Distribution  Aviva Investors Multi-Asset Income 
3. Investment objectives  
Previous objective & policy To deliver an income equivalent to the benchmark income whist seeking to provide capital growth over the long term (5 years or more). The benchmark combines 35% of the FTSE® All-Share Index and 65% of a composite index comprising 50% ICE BofA Single-A Sterling Non-Gilt Index and 50% ICE BofA BBB Sterling Non-Gilt Index. The income target is measured over any given 3-year period (before charges and taxes).

At least 60% of the fund will be invested in bonds issued by companies, governments or supranational organisations (including in emerging markets). The fund will also invest in shares of UK companies (incorporated or domiciled in the UK), or non-UK companies which are listed in the UK or which have significant trading activities in the UK. A minimum of 95% of bond exposures will be in Sterling or hedged to Sterling, and a minimum of 80% of bond holdings will have been independently rated as “investment grade” with a credit rating of BBB-/Baa3 or above. The fund may invest in core investments directly or indirectly via other funds (including funds managed by Aviva Investors companies). The fund is expected to be invested in a majority of core investments directly, although there may be times when this is not the case.

The fund may also invest in other shares and other funds (including funds managed by Aviva Investors companies) (both including emerging markets), cash, and deposits.
New objective & policy To deliver an income return in excess of the Index over any given 3-year period and provide an average annual net return greater than the Index over rolling 5-year periods. This should result in the growth of your investment over the long term. The Index is a composite index comprising 30% MSCI AC World Index, 20% Bloomberg Global High Yield Total Return Value Index and 50% Bloomberg Global Aggregate Corporate Total Return Index (Hedged GBP).

The fund will invest at least 60% in bonds issued by companies, governments or supranational organisations globally (including in emerging markets). The fund may invest in both investment grade and non-investment grade (high yield) bonds, with “investment grade” taken to mean bonds which have been independently rated with a credit rating of BBB-/Baa3 or above. The fund will also invest in the shares of companies in both developed and emerging market countries. The Fund may invest in core investments directly or indirectly via either other funds (including funds managed by Aviva Investors companies) or through the use of derivatives.

The fund may also invest in other funds (including funds managed by Aviva Investors companies), real estate investment trusts, other derivatives, cash, deposits, money market instruments and (via permitted asset types such as exchange traded commodities and derivatives) in commodities.
4. Change to charging structure  
Bundled Fund  
Previous FMF 0.88%
New FMF 0.80%
Current Trail Commission (Charge Basis 1) 0.25%
New Trail Commission (Charge Basis 1) 0.25%
Previous Reimbursed Amount (Charge Basis 2) 0.25%
New Reimbursed Amount (Charge Basis 2) 0.25%
Previous Reimbursed Rebate Rate (Charge Basis 3) 0.15%
New Reimbursed Rebate Rate (Charge Basis 3) 0.20%
Unbundled Fund  
Previous FMF 0.73%
New FMF 0.60%

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