| Change Details | |
|---|---|
| Title | Columbia Threadneedle Fund Management Ltd Funds |
| Type | Other events |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 14 June 2024 |
| Change Details | Share Class conversion & Objective changes |
| 1. Fund details | |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Columbia Threadneedle Fund Management Ltd |
| Fund Name |
CT MM Navigator Balanced (Share Class A) CT MM Navigator Boutiques (Share Class A) CT MM Navigator Cautious (Share Class A) CT MM Navigator Distribution (Share Class A) |
| Type of change | Share Class Conversion & Objective Changes |
| Date conversion effective from | 14 June 2024 |
| Deadline for investors to switch out if appropriate | 11:00 on 13 June 2024 |
| Date fund suspended | 13 June 2024 |
| Date objective changes effective from | 01 July 2024 |
| Is the event subject to shareholder approval? | No |
| 2. Conversion details | |
| Will the phasing option automatically continue? | Yes |
| Will the rebalancing option automatically continue? | Yes |
| Will ongoing direct debit payments automatically be redirected into the new fund? | Yes |
| 3. Fund details - CT MM Navigator Balanced | |
| Current Fund | New Fund |
| CT MM Navigator Balanced (Share Class A) | CT MM Navigator Balanced (Share Class C) |
| Previous objective | New Objective |
| To achieve capital growth with some income over the long term (at least 5 years) by investing at least 80% in a range of collective investment schemes and closed ended funds in order to gain exposure to a diversified portfolio of shares and fixed interest securities. Exposure to shares is expected to be in the region of 40-85%. |
To provide capital growth with some income over the long term (5 years or more). It looks to outperform a composite index over rolling 5-year periods, after the deduction of charges. This composite index currently comprises: ▪ 15% FTSE All-Share Index; ▪ 50% MSCI ACWI ex UK Index; ▪ 25% Bloomberg Global Agg x Treasury (GBP Hedged) Index; and ▪ 10% Sterling Overnight Index Average (SONIA). The fund is actively managed and invests at least 80% in a range of collective investment schemes and closed ended funds in order to gain exposure to a diversified portfolio of shares and fixed interest securities. Exposure to shares is expected to be in the region of 40-85%. |
| Fund charges | |
| Previous AMC | 1.50% |
| New AMC | 0.75% |
| Previous TER | 2.47% |
| New TER | 1.72% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.50% |
| New Reimbursed Amount(Charge Basis 2) | 0.00% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.75% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.00% |
| 4. Fund details - CT MM Navigator Boutiques | |
| Current Fund | New Fund |
| CT MM Navigator Boutiques (Share Class A) | CT MM Navigator Boutiques (Share Class C) |
| Previous objective | New Objective |
| To achieve capital growth over the long term (at least 5 years) by investing at least 80% in a range of collective investment schemes and closed ended funds in order to gain exposure to a diversified portfolio of primarily shares. | To provide capital growth over the long term (5 years or more). It looks to outperform the MSCI All Country World Index over rolling 5-year periods, after the deduction of charges. The fund is actively managed and invests at least 80% in a range of collective investment schemes and closed ended funds in order to gain exposure to a diversified portfolio of primarily shares. |
| Fund charges | |
| Previous AMC | 1.50% |
| New AMC | 0.75% |
| Previous TER | 2.52% |
| New TER | 1.77% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.50% |
| New Reimbursed Amount(Charge Basis 2) | 0.00% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.75% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.00% |
| 5. Fund details - CT MM Navigator Cautious | |
| Current Fund | New Fund |
| CT MM Navigator Cautious (Share Class A) | CT MM Navigator Cautious (Share Class C) |
| Previous objective | New Objective |
| To achieve a combination of capital growth and income over the long term (at least 5 years) by investing at least 80% in a range of collective investment schemes and closed ended funds in order to gain exposure to a diversified portfolio of shares and fixed interest securities. Exposure to shares is expected to be in the region of 20-40%. | To provide a combination of capital growth and income over the long term (5 years or more). It looks to outperform a composite index over rolling 5-year periods, after the deduction of charges. This composite index currently comprises: ▪ 15% FTSE All-Share Index; ▪ 30% MSCI ACWI ex UK Index; ▪ 45% Bloomberg Global Agg x Treasury (GBP Hedged) Index; and ▪ 10% Sterling Overnight Index Average (SONIA). The fund is actively managed and invests at least 80% in a range of collective investment schemes and closed ended funds in order to gain exposure to a diversified portfolio of shares and fixed interest securities. Exposure to shares is expected to be in the region of 20-60%. |
| Fund charges | |
| Previous AMC | 1.50% |
| New AMC | 0.75% |
| Previous TER | 2.31% |
| New TER | 1.56% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.50% |
| New Reimbursed Amount(Charge Basis 2) | 0.00% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.75% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.00% |
| 6. Fund details - CT MM Navigator Distribution | |
| Current Fund | New Fund |
| CT MM Navigator Distribution (Share Class A) | CT MM Navigator Distribution (Share Class C) |
| Previous objective | New Objective |
| To achieve an income return, with some capital growth over the long term (at least 5 years) by investing invests at least 80% in a range of collective investment schemes and closed ended funds in order to gain exposure to a diversified portfolio of shares, fixed interest securities and alternative income producing investments, for the purposes of achieving income for distribution. | To provide an income higher than the income generated by the composite index over rolling 3-year periods and a total return higher than the index over the long term (5 years or more), after the deduction of charges. The composite index currently comprises: ▪ 15% FTSE All-Share Index; ▪ 30% MSCI ACWI ex UK Index; ▪ 35% Bloomberg Global Aggregate ex Treasury (GBP Hedged) Index; ▪ 10% ICE BofA Global High Yield Constrained (GBP Hedged) Index; and ▪ 10% Sterling Overnight Index Average (SONIA). The fund is actively managed and invests at least 80% in a range of collective investment schemes and closed ended funds in order to gain exposure to a diversified portfolio of shares, fixed interest securities and alternative income producing investments, for the purposes of achieving income for distribution. |
| Fund charges | |
| Previous AMC | 1.50% |
| New AMC | 0.75% |
| Previous TER | 2.18% |
| New TER | 1.43% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.50% |
| New Reimbursed Amount(Charge Basis 2) | 0.00% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.75% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.00% |
| 7. Fund details - CT MM Navigator Growth | |
| Current Fund | New Fund |
| CT MM Navigator Growth (Share Class A) | CT MM Navigator Growth (Share Class C) |
| Previous objective | New Objective |
| To achieve capital growth over the long term (at least 5 years) by investing at least 80% in a range of collective investment schemes and closed ended funds in order to gain exposure to a diversified portfolio of primarily shares. | To provide capital growth over the long term (5 years or more). It looks to outperform a composite index over rolling 5-year periods, after the deduction of charges. This composite index currently comprises: ▪ 15% FTSE All-Share Index; ▪ 60% MSCI ACWI ex UK Index; ▪ 15% Bloomberg Global Agg x Treasury (GBP Hedged) Index; and ▪ 10% Sterling Overnight Index Average (SONIA). The fund is actively managed and invests at least 80% in a range of collective investment schemes and closed ended funds in order to gain exposure to a diversified portfolio of primarily shares. |
| Fund charges | |
| Previous AMC | 1.50% |
| New AMC | 0.75% |
| Previous TER | 2.41% |
| New TER | 1.66% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.50% |
| New Reimbursed Amount(Charge Basis 2) | 0.00% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.75% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.00% |