| Change Details | |
|---|---|
| Title | SVM Asset Management Limited |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited, Quilter Investment Platform Limited |
| Effective Date | 05 September 2025 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | SVM Asset Management Limited |
| Fund Name | RGI UK Alpha |
| Type of change | Merger |
| Date merger effective from | 05.09.2025 |
| Date fund suspended | 01.09.2025 |
| Deadline for investors to switch out if appropriate | 12:00 on 01.09.2025 |
| Is the event subject to shareholder approval? | Yes |
| 2. Fund details | |
| Current Fund | New Fund |
| RGI UK Alpha | RGI UK Recovery |
| 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 | The fund seeks to achieve its investment objective by investing at least 60% of its value in shares of UK companies (companies which are domiciled, incorporated, or have significant operations in the UK). Investment can be direct, or indirect, in shares (including common and preference shares), rights for shares, warrants, depositary receipts (securities issued by banks that represent company shares), investment trusts (including REITS) and collective investment schemes. In addition, up to 20% of the fund may be invested in shares of companies which are not UK companies but which, at the time of investment, are listed in the UK. Investment can be direct or indirect as noted above. It is expected that at least 80% of the fund will be invested in UK companies and companies which are listed in the UK. Up to 20% of the fund may be invested in shares of overseas companies (companies which are not UK companies and which are not listed in the UK), excluding emerging markets, collective investment schemes and cash. Investment can be direct or indirect as noted above. The fund will invest in a broad range of companies by industry group and size and does not have to hold the same companies that are included in the Benchmark or in the same weights. However, where the fund invests in companies which are included in the Benchmark the fund’s exposure to any one company will not be more than 4% above or below the Benchmark’s exposure to that company. Exposure to any industry group will not be more than 8% above or below the Benchmark’s exposure to that industry group, measured at the industry group level of MSCI GICS (Global Industry Classification Standard). |
| New objective | The fund seeks to achieve its investment objective by investing at least 60% of its value in shares of UK companies (companies which are domiciled, incorporated, or have significant operations in the UK). Investment can be direct, or indirect, in shares (including common and preference shares), rights for shares, warrants, depositary receipts (securities issued by banks that represent company shares), investment trusts (including REITS) and collective investment schemes. In addition, up to 20% of the fund may be invested in shares of companies which are not UK companies but which, at the time of investment, are listed in the UK. Investment can be direct or indirect as noted above. It is expected that at least 80% of the fund will be invested in UK companies and companies which are listed in the UK. Up to 20% of the fund may be invested in shares of overseas companies (companies which are not UK companies and which are not listed in the UK), excluding emerging markets, collective investment schemes and cash. Investment can be direct or indirect as noted above. The fund will invest in a broad range of companies by industry sector and size and its investments are not restricted by reference to the Benchmark |
| 5. Charging structure | |
| Bundled Fund | |
| Previous AMC | 0.75% |
| New AMC | 0.75% |
| Previous TER | 0.90% |
| New TER | 0.91% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.00% |
| New Reimbursed Amount(Charge Basis 2) | 0.00% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.00% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.00% |
| Unbundled Fund | |
| Previous AMC | 0.75% |
| New AMC | 0.75% |
| Previous TER | 0.90% |
| New TER | 0.91% |
| Previous Reimbursed Rebate Rate | 0.00% |
| New Reimbursed Rebate Rate | 0.00% |