| Change Details | |
|---|---|
| Title | Baillie Gifford Sustainable Growth |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 22 May 2026 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Baillie Gifford & Co Limited |
| Fund Name | Baillie Gifford Sustainable Growth |
| Type of change | Fund Merger |
| Date merger effective from | 22/05/2026 |
| Date fund suspended | 22/05/2026 |
| Deadline for investors to switch out if appropriate | 16:00 on 21/05/2026 |
| Is the event subject to shareholder approval? | Yes - approved |
| 2. Fund details | |
| Current Fund | New Fund |
| Baillie Gifford Sustainable Growth | Baillie Gifford Global Alpha Paris-Aligned |
| 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? | No |
| 4. Investment objectives | |
| Previous objective | To outperform (after deduction of costs) the MSCI ACWI Index, as stated in sterling, over rolling five-year periods by investing (at least 70%) in companies covering a broad range of sustainability topics but whose products or services are creating value for society by addressing significant global challenges. In order to be considered as addressing a significant global challenge, a company’s products or services must be aligned with one or more of the following headline themes: 1. People (the welfare of people) sub-themes may include, but are not limited to: • enhancing access to healthcare, extending healthy life expectancy (good health and wellbeing, reducing deaths and illnesses from infectious disease); • deepening financial inclusion (equality of rights to economic resources and financial services, strengthening financial institutions to expand services for all); and • delivering essential infrastructure (clean water and sanitation, developing reliable and sustainable infrastructure to support economic development and human wellbeing); 2. Planet (the condition of the planet), sub-themes may include, but are not limited to: • doing more with less (responsible consumption and production); • preserving natural capital (enhancing conservation and sustainable use, reducing habitat degradation); and • mitigating and adapting to climate change (taking climate-related action); and 3. Prosperity (broadening prosperity across society) sub-themes may include, but are not limited to: • lowering barriers to entrepreneurship (enhancing opportunities for small and medium enterprises); • supply chains with integrity (encouraging companies to adopt transparent practices); and • providing fair and decent work (safe and secure working environments, equal opportunities and ending discrimination). These headline themes and sub-themes align with the United Nations Sustainable Development Goals (“UN SDGs”) which serve as a universal blueprint for achieving peace and prosperity for society and the environment. To ensure a company’s products or services are meeting the sustainability objective, the Investment Adviser will assess either the revenue or profits derived from the company’s products or services. The fund will invest at least 70% in shares or other transferable securities of companies anywhere in the world, provided the Investment Adviser considers such companies are addressing significant global challenges (according to themes set out in the investment objective above). The fund is actively managed and may invest in companies of any size and in any sector. |
| New objective | To outperform (after deduction of costs) the MSCI ACWI Index, as stated in sterling, over rolling five-year periods. The fund also aims to have a carbon footprint that is lower than that of the MSCI ACWI EU Paris Aligned Requirements Index.The fund will invest at least 90% in shares of companies. It will be actively managed and is not constrained by the Index. It will invest in companies in any country and in any sector, subject to any exclusions identified by the Investment Adviser’s screening processes. The purpose of the Investment Adviser’s screening processes is to ensure that the fund invests in a way which is, in the Investment Adviser’s opinion, in alignment with the Paris Climate Agreement by excluding carbon intensive companies that do not, or will not, play a role in the transition to a low-carbon future. |
| 5. Charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.50% |
| New AMC | 0.29% |
| Previous TER | 0.54% |
| New TER | 0.31% |