| Change Details | |
|---|---|
| Title | Fidelity Japan Trust plc |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 28 November 2025 |
| 1. Asset details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Asset Group | FIL Investment Services (UK) Limited |
| Asset Name | Fidelity Japan Trust plc |
| Type of change | Merger |
| Date merger effective from | 28 November 2025 |
| Date asset closed to new business | 6 June 2025 |
| Date asset suspended | 7 November 2025 |
| Is the event subject to shareholder approval? | Yes |
| 2. Asset details | |
| Current Asset | New Asset |
| Fidelity Japan Trust plc | AVI Japan Opportunity Trust PLC |
| 3. Merger details | |
| Will the rebalancing option automatically continue? | Yes |
| 4. Investment objectives | |
| Previous objective | Aims to achieve long term capital growth by investing predominantly in equities and their related securities of Japanese companies. The Company has adopted a variable management fee which is calculated by referencing performance relative to the TOPIX Index (Tokyo Stock Exchange TOPIX Total Return Index). |
| New objective | Is to provide its shareholders with a total return in excess of the MSCI Japan Small Cap Index, through the active management of a focused portfolio of equity investments listed or quoted in Japan which have been identified by AVI as undervalued and having a significant proportion of their market capitalisation held in cash, listed securities and/or realisable assets. |