| Change Details | |
|---|---|
| Title | Margetts Fund Management Limited |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 28 November 2025 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Margetts Fund Management Limited |
| Fund Names | MGTS AFH DA UK Multi-Cap Growth |
| Type of change | Fund Merger |
| Date merger effective from | 28 November 2025 |
| Date fund suspended | 27 November 2025 |
| Deadline for investors to switch out if appropriate | 11:00 am on 27 November 2025 |
| Is the event subject to shareholder approval? | Yes |
| 2. Fund details | |
| Current Fund | New Fund |
| MGTS AFH DA UK Multi-Cap Growth | MGTS AFH DA UK 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 | To provide capital growth over any 7-year period by investing at least 70% of the portfolio in shares of UK companies (being companies which are incorporated, domiciled or have the predominant part of their business in the UK) in any sector across any level of capitalisation by delegating authority for all or part of the portfolio to sub-delegated managers. Capitalisation relates to the size of the business and the fund may hold a range of micro-cap, small, medium and large companies. |
| New objective | To provide capital growth over any 6-year period by investing a minimum of 70% in UK companies (being companies which are incorporated, domiciled or have the predominant part of their business in the UK) with no particular emphasis on any industrial, economic sector or level of capitalisation by delegating authority for all or part of the portfolio to sub-delegated managers. |
| 5. Charging structure | |
| Unbundled Fund -U | |
| Previous AMC | 0.32% |
| New AMC | 0.75% |
| Previous TER | 0.48% |
| New TER | 0.84% |
| Unbundled Fund -U3 | |
| Previous AMC | 0.28% |
| New AMC | 0.70% |
|
Previous TER |
0.44% |
| New TER | 0.79% |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Margetts Fund Management Limited |
| Fund Names | MGTS AFH DA UK Alpha |
| Type of change | Fund Merger |
| Date merger effective from | 28 November 2025 |
| Date fund suspended | 27 November 2025 |
| Deadline for investors to switch out if appropriate | 11:00 am on 27 November 2025 |
| Is the event subject to shareholder approval? | Yes |
| 2. Fund details | |
| Current Fund | New Fund |
| MGTS AFH DA UK Alpha | MGTS AFH DA UK 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 | To provide capital growth over any 7-year period by investing at least 70% of the portfolio in UK companies (being companies which are incorporated, domiciled or have the predominant part of their business in the UK) with no particular emphasis on any industrial, economic sector or level of capitalisation by delegating authority for all or part of the portfolio to sub-delegated managers. The fund will hold a concentrated portfolio of between 25 and 50 Securities, unless the prevailing circumstances lead the manager to believe that a higher number of holdings would be beneficial for a short period of time, which would not be expected to be more than twelve months. |
| New objective | To provide capital growth over any 6-year period by investing a minimum of 70% in UK companies (being companies which are incorporated, domiciled or have the predominant part of their business in the UK) with no particular emphasis on any industrial, economic sector or level of capitalisation by delegating authority for all or part of the portfolio to sub-delegated managers. |
| 5. Charging structure | |
| Unbundled Fund -U | |
| Previous AMC | 0.75% |
| New AMC | 0.75% |
| Previous TER | 1.01% |
| New TER | 0.84% |
| Unbundled Fund -U3 | |
| Previous AMC | 0.55% |
| New AMC | 0.70% |
| Previous TER | 0.81% |
| New TER | 0.79% |
Client Correspondence
- MGTS AFH DA UK Alpha - Merger - Adviser model SAMPLE
- MGTS AFH DA UK Alpha - Merger - Unbundled clients - SAMPLE
- MGTS AFH DA UK Multi-Cap Growth - Adviser model SAMPLE
- MGTS AFH DA UK Multi-Cap Growth - Merger - SAMPLE
- KIID - MGTS AFH DA UK EQUITY GB00BKX8BB88
- KIID - MGTS AFH DA UK EQUITY GB00BKX8BD03