| Change Details | |
|---|---|
| Title | RLUM Limited |
| Type | Other events |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 27 March 2024 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | RLUM Limited |
| Fund Name | Royal London Sustainable Managed Income Trust |
| Type of change | Name, Objective, AMC & Dividend Frequency changes |
| Date change effective from | 27/03/2024 |
| Is the event subject to shareholder approval? | No |
| 2. Name change details | |
| Previous fund name | Royal London Sustainable Managed Income Trust |
| New fund name | Royal London Sustainable Corporate Bond Trust |
| 3. Fund objectives | |
| Previous fund objective | To achieve an income over a 12-month period that consistently exceeds typical cash deposit rates (measured by SONIA), paid out on a monthly basis, by predominantly investing in sterling-denominated bonds that are deemed to make a positive contribution to society. Investments in the scheme will adhere to the Manager’s ethical and sustainable investment policy. Typically, 80% of the Scheme’s assets will be invested in a diversified portfolio of sterling-denominated bonds or bonds hedged back to sterling (there is no formal restriction). These may include corporate bonds, government bonds and supranational bonds. The manager can also invest in global bonds issued in a variety if foreign currencies, with exposure hedged back to sterling. |
| New fund objective | To achieve a total return over the medium term, which should be considered as a period of 3-5 years, by predominantly investing in sterling-denominated bonds that are deemed to make a positive contribution to society. Investments in the scheme will adhere to the Manager’s ethical and sustainable investment policy. Typically, a minimum of 80% of the Scheme’s assets will be invested in a diversified portfolio of sterling-denominated (or hedged back to sterling) investment grade corporate and supranational bonds. The Scheme may also invest in other bond types including government bonds, preference shares, convertible debt, and bonds without an investment grade credit rating. The manager can also invest in global bonds issued in a variety if foreign currencies, with exposure hedged back to sterling. |
| 4. Change to Dividend Frequency | |
| Current | Monthly |
| New | Quarterly (end of May, August, November and February) |
| 5. AMC Change | |
| Unbundled Fund -U3 | |
| Previous AMC | 0.40 |
| New AMC | 0.37 |
| Unbundled Fund -U | |
| Previous AMC | 0.55 |
| New AMC | 0.52 |