| Change Details | |
|---|---|
| Title | SVM Asset Management Limited |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 24 October 2025 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | SVM Asset Management Limited |
| Fund Name | SVM World Equity |
| Type of change | Fund Merger |
| Date merger effective from | 24/10/2025 |
| Date fund suspended | 23/10/2025 |
| Deadline for investors to switch out if appropriate | 11:00 on 23/10/2025 |
| Is the event subject to shareholder approval? | Yes - Approved |
| 2. Fund details | |
| Current Fund | New Fund |
| SVM World Equity | RGI Compound Global 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 achieve capital growth over the long term (5 years or more) and it aims to outperform the MSCI ACWI IMI (or any successor index). Performance is measured on a monthly basis over rolling 5 year periods after all fees and costs are deducted. The fund will invest at least 80% in global equities and other equity related instruments such as Exchange Traded Funds. From time to time, when particular opportunities are identified, or the ACD considers it appropriate, the fund may invest in transferrable securities which are otherwise permitted for the fund. |
| New objective | To grow the value of your investment (known as “capital growth”) over a rolling 5 year period, after the deduction of all fees. Although the fund aims to deliver capital growth over a rolling 5 year period, there is no guarantee that this will be achieved over this time period, or any time period. The fund’s capital is at risk meaning that the fund could suffer a decrease in value and the value of your investment would decrease as a result. The fund aims to achieve its objective by investing in a concentrated portfolio of stocks (typically 20-25) that the Investment Manager expects to provide a positive total return (capital growth and income) both within the minimum recommended holding period of the fund of five years, and potentially longer. As a result, the Investment Manager expects low turnover of stocks (typically 10-15% of the fund’s value per annum) allowing the fund’s investee companies to contribute compounding returns to the fund. At least 80% of the fund will be invested in shares of global companies, including in Emerging Markets. Investment in shares can be direct (including common and preference shares and units combining common and preference shares), or indirect through rights for shares, warrants (received as part of a corporate action which may be held until exercised or sold), depositary receipts (securities issued by banks that represent company shares), investment trusts and collective investment schemes. |
| 5. Charging structure | |
| Bundled Fund | |
| Previous AMC | 1.50% |
| New AMC | 0.80% |
| Previous TER | 1.79% |
| New TER | 0.97% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.50% |
| New Reimbursed Amount(Charge Basis 2) | 0.00% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.77% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.00% |
| Unbundled Fund | |
| Previous AMC | 0.75% |
| New AMC | 0.80% |
| Previous TER | 1.04% |
| New TER | 0.97% |
Client Correspondence
- SVM UK Opportunities - Mergers Adviser model - SAMPLE
- SVM UK Opportunities - Mergers Bundled clients - SAMPLE
- SVM UK Opportunities - Mergers Unbundled clients - SAMPLE
- SVM World Equity - Mergers Adviser model - SAMPLE
- SVM World Equity - Mergers Bundled clients - SAMPLE
- SVM World Equity - Mergers Unbundled clients - SAMPLE