| Change Details | |
|---|---|
| Title | abrdn Fund Managers Limited |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 11 July 2025 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | abrdn Fund Managers Limited |
| Fund Name | abrdn MyFolio Market I |
| Type of change | Fund Merger |
| Date merger effective from | 11/07/2025 |
| Date fund suspended | 10/07/2025 |
| Deadline for investors to switch out in order not to be subject to realignment costs | 05/06/2025 |
| Deadline for investors to switch out if appropriate | 10/07/2025 |
| Is the event subject to shareholder approval? | Yes - Approved |
| 2. Fund details | |
| Current Fund | New Fund |
| abrdn MyFolio Market I | abrdn MyFolio Index I |
| 3. Merger 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 |
| 4. Investment objectives | |
| Previous objective | To generate growth over the long term (5 years or more) while being managed to a defined level of risk. The fund is part of the abrdn MyFolio Market range, which offers five funds with different expected combinations of investment risk and return. The fund is risk level I, which aims to be the lowest risk fund in this range. Risk Target: The defined level of risk referred to above that the management team is targeting is within the range of 20- 40% of world stock markets (represented by the MSCI World Index), over 10 years. There is no certainty or promise that this target will be achieved. The Risk Target has been chosen as it represents a risk range which is appropriate for the fund. |
| New objective | To generate growth over the long term (5 years or more) while being managed to a defined level of risk. The fund is part of the abrdn MyFolio Index range, which offers five funds with different expected combinations of investment risk and return. The fund is risk level I, which aims to be the lowest risk fund in this range. Risk Target: The defined level of risk referred to above that the management team is targeting is within the range of 20- 40% of world stock markets (represented by the MSCI World Index), over 10 years. There is no certainty or promise that this target will be achieved. The Risk Target has been chosen as it represents a risk range which is appropriate for the fund |
| 5. Charging structure | |
| Bundled Fund | |
| Previous AMC | 0.60% |
| New AMC | 0.65% |
| Previous TER | 0.65% |
| New TER | 0.65% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.25% |
| New Reimbursed Amount(Charge Basis 2) | 0.25% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.40% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.40% |
| Unbundled Fund | |
| Previous AMC | 0.08% |
| New AMC | 0.20% |
| Previous TER | 0.21% |
| New TER | 0.20% |
| Previous Reimbursed Rebate Rate | 0.00% |
| New Reimbursed Rebate Rate | 0.00% |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | abrdn Fund Managers Limited |
| Fund Name | abrdn MyFolio Market II |
| Type of change | Fund Merger |
| Date merger effective from | 11/07/2025 |
| Date fund suspended | 10/07/2025 |
| Deadline for investors to switch out in order not to be subject to realignment costs | 05/06/2025 |
| Deadline for investors to switch out if appropriate | 10/07/2025 |
| Is the event subject to shareholder approval? | Yes - Approved |
| 2. Fund details | |
| Current Fund | New Fund |
| abrdn MyFolio Market II | abrdn MyFolio Index II |
| 3. Merger 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 |
| 4. Investment objectives | |
| Previous objective | To generate growth over the long term (5 years or more) while being managed to a defined level of risk. The fund is part of the abrdn MyFolio Market range, which offers five funds with different expected combinations of investment risk and return. The fund is risk level II, which aims to be the second lowest risk fund in this range. Risk Target: The defined level of risk referred to above that the management team is targeting is within the range of 35-55% of world stock markets (represented by the MSCI World Index), over 10 years. There is no certainty or promise that this target will be achieved. The Risk Target has been chosen as it represents a risk range which is appropriate for the fund. |
| New objective | To generate growth over the long term (5 years or more) while being managed to a defined level of risk. The fund is part of the abrdn MyFolio Index range, which offers five funds with different expected combinations of investment risk and return. The fund is risk level II, which aims to be the second lowest risk fund in this range. Risk Target: The defined level of risk referred to above that the management team is targeting is within the range of 35- 55% of world stock markets (represented by the MSCI World Index), over 10 years. There is no certainty or promise that this target will be achieved. The Risk Target has been chosen as it represents a risk range which is appropriate for the fund. |
| 5. Charging structure | |
| Bundled Fund | |
| Previous AMC | 0.60% |
| New AMC | 0.65% |
| Previous TER | 0.66% |
| New TER | 0.65% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.25% |
| New Reimbursed Amount(Charge Basis 2) | 0.25% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.40% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.40% |
| Unbundled Fund | |
| Previous AMC | 0.08% |
| New AMC | 0.20% |
| Previous TER | 0.23% |
| New TER | 0.20% |
| Previous Reimbursed Rebate Rate | 0.00% |
| New Reimbursed Rebate Rate | 0.00% |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | abrdn Fund Managers Limited |
| Fund Name | abrdn MyFolio Market III |
| Type of change | Fund Merger |
| Date merger effective from | 11/07/2025 |
| Date fund suspended | 10/07/2025 |
| Deadline for investors to switch out in order not to be subject to realignment costs | 05/06/2025 |
| Deadline for investors to switch out if appropriate | 10/07/2025 |
| Is the event subject to shareholder approval? | Yes - Approved |
| 2. Fund details | |
| Current Fund | New Fund |
| abrdn MyFolio Market III | abrdn MyFolio Index III |
| 3. Merger 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 |
| 4. Investment objectives | |
| Previous objective | To generate growth over the long term (5 years or more) while being managed to a defined level of risk. The fund is part of the abrdn MyFolio Market range, which offers five funds with different expected combinations of investment risk and return. This fund is risk level IV, which aims to be the second highest risk fund in this range. Risk Target: The defined level of risk referred to above that the management team is targeting is within the range of 60- 90% of world stock markets (represented by the MSCI World Index), over 10 years. There is no certainty or promise that this target will be achieved. The Risk Target has been chosen as it represents a risk range which is appropriate for the fund |
| New objective | To generate growth over the long term (5 years or more) while being managed to a defined level of risk. The fund is part of the abrdn MyFolio Index range, which offers five funds with different expected combinations of investment risk and return. This fund is risk level IV, which aims to be the second highest risk fund in this range. Risk Target: The defined level of risk referred to above that the management team is targeting is within the range of 60- 90% of world stock markets (represented by the MSCI World Index), over 10 years. There is no certainty or promise that this target will be achieved. The Risk Target has been chosen as it represents a risk range which is appropriate for the fund. |
| 5. Charging structure | |
| Bundled Fund | |
| Previous AMC | 0.60% |
| New AMC | 0.65% |
| Previous TER | 0.67% |
| New TER | 0.65% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.25% |
| New Reimbursed Amount(Charge Basis 2) | 0.25% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.40% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.40% |
| Unbundled Fund | |
| Previous AMC | 0.08% |
| New AMC | 0.20% |
| Previous TER | 0.24% |
| New TER | 0.20% |
| Previous Reimbursed Rebate Rate | 0.00% |
| New Reimbursed Rebate Rate | 0.00% |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | abrdn Fund Managers Limited |
| Fund Name | abrdn MyFolio Market IV |
| Type of change | Fund Merger |
| Date merger effective from | 11/07/2025 |
| Date fund suspended | 10/07/2025 |
| Deadline for investors to switch out in order not to be subject to realignment costs | 05/06/2025 |
| Deadline for investors to switch out if appropriate | 10/07/2025 |
| Is the event subject to shareholder approval? | Yes - Approved |
| 2. Fund details | |
| Current Fund | New Fund |
| abrdn MyFolio Market IV | abrdn MyFolio Index IV |
| 3. Merger 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 |
| 4. Investment objectives | |
| Previous objective | To generate growth over the long term (5 years or more) while being managed to a defined level of risk. The fund is part of the abrdn MyFolio Market range, which offers five funds with different expected combinations of investment risk and return. This fund is risk level IV, which aims to be the second highest risk fund in this range. Risk Target: The defined level of risk referred to above that the management team is targeting is within the range of 60- 90% of world stock markets (represented by the MSCI World Index), over 10 years. There is no certainty or promise that this target will be achieved. The Risk Target has been chosen as it represents a risk range which is appropriate for the fund. |
| New objective | To generate growth over the long term (5 years or more) while being managed to a defined level of risk. The fund is part of the abrdn MyFolio Index range, which offers five funds with different expected combinations of investment risk and return. This fund is risk level IV, which aims to be the second highest risk fund in this range. Risk Target: The defined level of risk referred to above that the management team is targeting is within the range of 60- 90% of world stock markets (represented by the MSCI World Index), over 10 years. There is no certainty or promise that this target will be achieved. The Risk Target has been chosen as it represents a risk range which is appropriate for the fund. |
| 5. Charging structure | |
| Bundled Fund | |
| Previous AMC | 0.60% |
| New AMC | 0.65% |
| Previous TER | 0.67% |
| New TER | 0.65% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.25% |
| New Reimbursed Amount(Charge Basis 2) | 0.25% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.40% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.40% |
| Unbundled Fund | |
| Previous AMC | 0.08% |
| New AMC | 0.20% |
| Previous TER | 0.25% |
| New TER | 0.20% |
| Previous Reimbursed Rebate Rate | 0.00% |
| New Reimbursed Rebate Rate | 0.00% |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | abrdn Fund Managers Limited |
| Fund Name | abrdn MyFolio Market V |
| Type of change | Fund Merger |
| Date merger effective from | 11/07/2025 |
| Date fund suspended | 10/07/2025 |
| Deadline for investors to switch out in order not to be subject to realignment costs | 05/06/2025 |
| Deadline for investors to switch out if appropriate | 10/07/2025 |
| Is the event subject to shareholder approval? | Yes - Approved |
| 2. Fund details | |
| Current Fund | New Fund |
| abrdn MyFolio Market V | abrdn MyFolio Market V |
| 3. Merger 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 |
| 4. Investment objectives | |
| Previous objective | To generate growth over the long term (5 years or more) while being managed to a defined level of risk. The fund is part of the abrdn MyFolio Market range, which offers five funds with different expected combinations of investment risk and return. This fund is risk level V, which aims to be the highest risk fund in this range. Risk Target: The defined level of risk referred to above that the management team is targeting is within the range of 70-110% of world stock markets (represented by the MSCI World Index), over 10 years. There is no certainty or promise that this target will be achieved. The Risk Target has been chosen as it represents a risk range which is appropriate for the fund. |
| New objective | To generate growth over the long term (5 years or more) while being managed to a defined level of risk. The fund is part of the abrdn MyFolio Index range, which offers five funds with different expected combinations of investment risk and return. This fund is risk level V, which aims to be the highest risk fund in this range. Risk Target: The defined level of risk referred to above that the management team is targeting is within the range of 70- 110% of world stock markets (represented by the MSCI World Index), over 10 years. There is no certainty or promise that this target will be achieved. The Risk Target has been chosen as it represents a risk range which is appropriate for the fund. |
| 5. Charging structure | |
| Bundled Fund | |
| Previous AMC | 0.60% |
| New AMC | 0.65% |
| Previous TER | 0.66% |
| New TER | 0.65% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.25% |
| New Reimbursed Amount(Charge Basis 2) | 0.25% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.40% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.40% |
| Unbundled Fund | |
| Previous AMC | 0.08% |
| New AMC | 0.20% |
| Previous TER | 0.23% |
| New TER | 0.20% |
| Previous Reimbursed Rebate Rate | 0.00% |
| New Reimbursed Rebate Rate | 0.00% |
Client Correspondence
- Bundled clients -abrdn MyFolio Market I CB123 - SAMPLE
- abrdn MyFolio Market Merger - Adviser model - SAMPLE
- abrdn Myfolio Merger - Post SAMPLE
- Bundled clients - abrdn MyFolio Market III CB123 - SAMPLE
- Bundled clients - abrdn MyFolio Market IV CB123 - SAMPLE
- Bundled clients -abrdn MyFolio Market I CB123 - SAMPLE
- Bundled clients -abrdn MyFolio Market II CB123 - SAMPLE
- Bundled clients -abrdn MyFolio Market V CB123 - SAMPLE
- Unbundled clients - abrdn MyFolio Market I CB3 - SAMPLE
- Unbundled clients - abrdn MyFolio Market II CB3 - SAMPLE
- Unbundled clients - abrdn MyFolio Market IV CB3 - SAMPLE
- Unbundled clients - abrdn MyFolio Market V CB3 - SAMPLE
- Index I Inst B KIID
- Index I Retail Fixed KIID
- Index II Inst B KIID
- Index II Retail Fixed KIID
- Index III Inst B KIID
- Index III Retail Fixed KIID
- Index IV Inst B KIID
- Index IV Retail Fixed KIID
- Index V Inst B KIID
- Index V Retail Fixed KIID