| Change Details | |
|---|---|
| Title | AXA ACT Framlington Clean Economy |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 05 December 2025 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | AXA Investment Managers UK Limited |
| Fund Name | AXA ACT Framlington Clean Economy |
| Type of change | Fund Merger |
| Date merger effective from | 5 December 2025 |
| Date fund suspended | 4 December 2025 |
| Deadline for investors to switch out if appropriate | 11:00 am on 4 December 2025 |
| Is the event subject to shareholder approval? | Yes |
| 2. Fund details | |
| Current Fund | New Fund |
| AXA ACT Framlington Clean Economy | AXA People & Planet Equity |
| 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 | The aim of the fund is to: (i) provide capital growth over the long term (being a period of 5 years or more); and (ii) to invest in companies that contribute to the achievement of the environmentally focussed United Nation’s Sustainable Development Goals (the “UN SDGs”). It invests at least 80% of its assets in share of listed companies globally, selecting those which positively contribute to the environment, particularly in areas such as low carbon transport, smart energy, natural resource preservation and sustainable agriculture. |
| New objective | The fund seeks to deliver both financial returns and positive environmental and social outcomes. It aims to: (i) provide capital growth over the long term (being a period of five years or more); and (ii) deliver a positive and measurable impact on the environment (or “Planet”) and on society (or “People”) in an intentional manner. It seeks to invest more broadly, to deliver a measurable impact on both the environment and society. It invests at least 90% of its assets in shares of listed companies globally, with 70% of its gross asset value being invested in such companies that sustainably generate a significant and material net positive impact on the following environmental and social progress themes (referred to in the investment policy as the “Outcomes”) – (i) the energy transition: to move towards a low-carbon economy; (ii) the protection of biodiversity: to halt biodiversity loss; and (iii) social progress - to improve living standards and access to basic needs for all. |
| 5. Charging structure | |
| Bundled Fund | |
| Previous AMC | 1.50% |
| New AMC | 1.50% |
| Previous TER | 1.60% |
| New TER | 1.61% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.50% |
| New Reimbursed Amount(Charge Basis 2) | 0.50% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.75% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.75% |
| Unbundled Fund | |
| Previous AMC | 0.75% |
| New AMC | 0.75% |
| Previous TER | 0.86% |
| New TER | 0.86% |