| Change Details | |
|---|---|
| Title | JOHCM (UK) UK Opportunities |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 21 March 2025 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | JOHCM Funds (UK) Limited |
| Fund Name | JOHCM (UK) UK Opportunities |
| Type of change | Fund Merger |
| Date merger effective from | 21/03/2025 |
| Date fund suspended | 20/03/2025 |
| Deadline for investors to switch out if appropriate | 11:00 on 20/03/2025 |
| Is the event subject to shareholder approval? | Yes - Approved |
| 2. Fund details | |
| Current Fund | New Fund |
| JOHCM (UK) UK Opportunities | JOHCM (UK) UK Dynamic |
| 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 achieve capital growth over a rolling seven to ten year period as well as providing income. The Sub-fund’s target is to have a return greater than the FTSE All-Share Total Return index (12pm adjusted), which is used in the calculation of performance fees. At least two thirds of the Sub-fund is invested in the shares of companies which are domiciled, incorporated or have a significant portion of their business in the UK. Up to 10% of the Sub-fund may be invested in the shares of non-UK listed companies. Up to one third of the Sub-fund may be held in cash, money market instruments, deposits, warrants and units in other collective investment schemes. The Sub-fund will invest in a concentrated portfolio of 20-40 companies. |
| New objective | To achieve capital growth over a rolling seven to ten year period as well as providing income. The Sub-fund’s target is to have a return greater than the FTSE All-Share Total Return index (12pm adjusted), which is used in the calculation of performance fees. At least 90% of the Sub-fund is invested in the shares of companies listed on either of the two primary markets of the London Stock Exchange: the main Market (FTSE) and the Alternative Investment Market (AIM). At all times at least 75% of the Sub-fund is invested in the shares of companies that are domiciled, incorporated or have a significant portion of their business in the UK |
| 5. Charging structure | |
| Bundled Fund | |
| Previous AMC | 1.25% |
| New AMC | 1.25% |
| Previous TER | 1.39% Inc / 1.39% Acc |
| New TER | 1.34% Inc / 1.35% Acc |
| Previous Reimbursed Amount (Charge Basis 2) | 0.50% |
| New Reimbursed Amount(Charge Basis 2) | 0.50% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.63% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.63% |
| Unbundled Fund (Share Class A) GB00B0LLB641 & GB00B3K76Q93 | |
| Previous AMC | 0.75% |
| New AMC | 0.75% |
| Previous TER | 0.89% Inc / 0.89% Acc |
| New TER | 0.84% Inc / 0.82% Acc |
| Unbundled Fund (Share Class Y) GB00B95HP811 & GB00B95J5C19 | |
| Previous AMC | 0.63% |
| New AMC | 0.63% |
| Previous TER | 0.77% Inc / 0.77% Acc |
| New TER | 0.70% Inc / 0.70% Acc |
Client correspondence
- JOHCM (UK) UK Opportunities Mergers - Unbundled clients CB3 GB00B0LLB641 and GB00B3K76Q93 - Sample
- JOHCM (UK) UK Opportunities Mergers - Unbundled clients CB3 GB00B95HP811 and GB00B95J5 - Sample
- JOHCM (UK) UK Opportunities - Fund Mergers - Adviser model - Sample
- JOHCM (UK) UK Opportunities - Fund Mergers - Bundled clients - CB123 (Combined) - Sample
- JOHCM (UK) UK Opportunities - Fund Mergers - Post - Sample
- KIID GB00B4T7HR59
- KIID GB00B4T7JX59
- KIID GB00B4T85529
- KIID GB00B4TXJ339
- KIID GB00BDZRJ101
- KIID GB00BDZRJ218