| Change Details | |
|---|---|
| Title | Ninety One Fund Managers UK Limited |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited, Quilter Investment Platform Limited |
| Effective Date | 23 January 2026 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Ninety One Fund Managers UK Limited |
| Fund Name | Ninety One UK Alpha |
| Type of change | Fund Merger |
| Date merger effective from | 23/01/2026 |
| Date fund suspended | 22/01/2026 |
| Deadline for investors to switch out if appropriate | 11:00 on 22/01/2026 |
| Is the event subject to shareholder approval? | Yes - approved |
| 2. Fund details | |
| Current Fund | New Fund |
| Ninety One UK Alpha | Ninety One UK Franchise |
| 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 (to grow the value of your investment) and income over at least 5 years. The fund invests primarily (at least two-thirds) in the shares of UK companies (those incorporated in, domiciled in, or that have significant economic exposure to, the UK). The term “alpha” in the fund’s name means above average opportunities for capital growth and income. Investment opportunities are identified using in-depth analysis and research on individual companies. The companies may be of any size and in any industry sector. The fund may also invest in other transferable securities, money market instruments, cash or near cash, deposits, up to 10% in units or shares in other funds (which may be managed by a Ninety One group company, or a third party) and derivatives. Derivatives may be used for managing the fund in a way that is designed to reduce risk or cost, generating income or growth with a low level of risk and, occasionally, investment purposes. |
| New objective | The fund aims to provide capital growth (to grow the value of your investment) and income over at least 5 years. The fund invests primarily (at least two-thirds and typically substantially more) in the shares of UK companies (those incorporated in, domiciled in, or that have significant economic exposure to, the UK), which are believed to have quality characteristics typically associated with strong brands, franchises or lasting competitive advantages such as: - unique know-how (e.g. valuable patents) that competitors cannot copy easily; or - operating more efficiently as they grow. Investment opportunities are identified using in-depth analysis and research on individual companies. The fund may at times invest in a relatively small number of companies. The companies may be of any size and in any industry sector. The fund may also invest in other transferable securities, money market instruments, cash or near cash, deposits, up to 10% in units or shares in other funds (which may be managed by a Ninety One group company, or a third party) and derivatives. Derivatives may be used for managing the fund in a way that is designed to reduce risk or cost, generating income or growth with a low level of risk and, occasionally, investment purposes. |
| 5. Charging structure | |
| Bundled Fund | GB0031075228 |
| Previous AMC | 1.50% |
| New AMC | 1.50% |
| Previous TER | 1.64% |
| New TER | 1.64% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.50% |
| New Reimbursed Amount(Charge Basis 2) | 0.50% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.85% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.85% |
| Unbundled Fund | GB00B7LM4J06 and GB0032558966 |
| Previous AMC | 0.75% |
| New AMC | 0.75% |
| Previous TER | 0.89% |
| New TER | 0.89% |
| Previous Reimbursed Rebate Rate | 0.10% |
| New Reimbursed Rebate Rate | 0.10% |
| Unbundled Fund | GB00BJFLDM36 |
| Previous AMC | 0.65% |
| New AMC | 0.65% |
| Previous TER | 0.79% |
| New TER | 0.79% |
| Unbundled Fund | GB00BYYV0405 |
| Previous AMC | 0.40% |
| New AMC | 0.40% |
| Previous TER | 0.54% |
| New TER | 0.54% |
Client correspondence
- KIID GB00BV9G3J51
- KIID GB00BV9G3P12
- KIID GB00BV9G3S43
- KIID GB00BVLL6F53
- KIID GB00BVLL6H77
- Ninety One UK Alpha Fund Mergers - Adviser model
- Ninety One UK Alpha Fund Mergers - Bundled clients CB123
- Ninety One UK Alpha Fund Mergers - Unbundled clients CB3 GB00B7LM4J06 GB0032558966
- Ninety One UK Alpha Fund Mergers - Unbundled clients CB3 GB00BJFLDM36
- Ninety One UK Alpha Fund Mergers - Unbundled clients CB3 GB00BYYV0405