| Change Details | |
|---|---|
| Title | MI Polen Capital Asia Income |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 21 November 2025 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Apex Fundrock Limited |
| Fund Name | MI Polen Capital Asia Income |
| Type of change | Fund Merger |
| Date merger effective from | 21/11/2025 |
| Is the event subject to shareholder approval? | Yes - approved |
| 2. Fund details | |
| Current Fund | New Fund |
| MI Polen Capital Asia Income | MI Polen Capital Emerging Markets Growth |
| 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 deliver a high level of income with potential for capital growth over the long term (5 years or more). The fund is actively managed and will invest in companies which are incorporated, domiciled, listed, or conduct significant business in the Asia Pacific region (excluding Japan). The fund will typically invest at least 90% (minimum 80%) in equities or equity related derivatives but may also invest in collective investment schemes (up to 10% of fund assets) which may be collective investment schemes managed by the Manager or by third party managers, corporate debt securities, other transferable securities, money market instruments, warrants, cash, and deposits. Exposure to the companies will typically be direct but the fund may also have limited indirect exposure (through derivatives). The fund is permitted to use derivatives for the purposes of efficient portfolio management and for investment purposes. |
| New objective | The fund seeks to achieve capital appreciation and income growth by investing in an actively managed portfolio of dividend-paying emerging market securities. The portfolio will consist of at least 80% in quoted equity securities, issued by companies established or operating in emerging market countries, with at least 80% (and potentially up to 100%) invested in Asia, Eastern Europe, the Middle East, Africa and Latin America. Investment can be in companies of any size and in any business sector and there is no intention for there to be any specific allocation to any one region or country, although at times there may be a higher exposure to any one area or country based on the Investment Manager’s view of opportunities in the relevant markets. The fund may also invest up to 20% at the Investment Manager’s discretion in other transferable securities, money market instruments, cash and near cash, depositary receipts and deposits. The fund may also invest in shares in other collective investment schemes (which may include those that are managed or operated by the ACD or an associate of the ACD), however, investment by the fund in other schemes will be limited to a maximum of 10% of the scheme property of the fund. The fund may use derivatives but only for the purpose of efficient portfolio management to reduce risk and cost in the fund. The Company permits the use of derivatives for investment purposes by the fund, however, this policy is not currently applied and may not be applied without giving the required 60 day notice to Shareholders. If derivatives are used for the purpose of meeting the investment objective of the fund it is not intended that the use of derivatives would significantly raise the risk profile but this cannot be guaranteed and the risk profile may increase as a result of a change in the investment policy for derivatives. The fund is permitted to invest 5% or more of its scheme property in warrants. Such investments may increase the volatility of the fund and therefore may adversely affect its risk profile. |
| 5. Charging structure | |
| Bundled Fund | |
| Previous AMC | 0.75% |
| New AMC | 0.75% |
| Previous TER | 1.44% |
| New TER | 1.53% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.00% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.25% |
| Unbundled Fund | |
| Previous AMC | 0.75% |
| New AMC | 0.75% |
| Previous TER | 1.44% |
| New TER | 1.53% |
| Previous Reimbursed Rebate Rate | 0.00% |
| New Reimbursed Rebate Rate | 0.25% |