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SVS Sanlam Fixed Interest

Change Details
Title SVS Sanlam Fixed Interest
Type Mergers
Companies Impacted Quilter Life & Pensions Limited, Quilter Investment Platform Limited
Effective Date 06 March 2026
1. Fund details  
Companies impacted Quilter Life & Pensions Limited
Quilter Investment Platform Limited
Fund Group Tutman Fund Solutions Limited 
Fund Name SVS Sanlam Fixed Interest 
Type of change Fund Merger
Date merger effective from 06/03/2026
Date fund suspended 05/03/2026
Deadline for investors to switch out if appropriate 11:00 am on 05/03/2026
Is the event subject to shareholder approval? Yes - Approved
2. Fund details  
Current Fund New Fund
SVS Sanlam Fixed Interest Ninety One Global Total Return Credit 
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 generate income over the long term (at least 5
years) by investing at least 80% of its portfolio in investment grade corporate bonds. The issuers may be from anywhere in the world and issues may be denominated in any currency. Non-sterling exposures will normally be hedged back to Sterling.

The Manager may, from time to time in exceptional market conditions, invest more than 35% of the property of the Trust in Government and other public securities issued by one issuer.

The Manager may use derivatives, including hedge transactions, for efficient portfolio management.
New objective To provide total returns comprised of income and capital growth over at least a full credit cycle (this objective may be measured over at least 5 years). The fund targets a positive return of Overnight SONIA +4% before fees over a full credit cycle (which may be measured over 5-year rolling periods). While the fund aims to achieve a positive return and its performance target, there is no guarantee that either will be achieved over the full credit cycle, or over any period of time, and there is a risk of loss.

A credit cycle means the economic conditions over which the cost of borrowing initially increases, then
decreases and then stabilises. Credit cycles can vary in length and typically last between 3 and 7 years.

The fund invests primarily (at least two-thirds) in bonds (or similar debt-based assets) issued by borrowers around the world (including but not limited to emerging markets) and in related derivatives (financial contracts whose value is linked to the price of such bonds (or similar debt-based assets)).

These bonds (or similar debt-based assets) may be denominated in any currency, have any credit rating or be unrated, and may be issued by any borrower e.g.
governments or companies. They may also have a fixed or floating rate and/or coupon, and may be of any duration (measures the sensitivity of the value of bonds (or similar debt-based assets) to change in interest rates).

The fund may invest up to 20% of its assets in structured credit instruments (assets whose value and level of income payments depend on the underlying assets
held by/for the business that issue them).

Derivatives may be used for investment purposes
and/or managing the fund in a way that is designed to reduce risk or cost and/or generate income or growth
with a low level of risk.

The fund evaluates the sustainability of the companies it invests in as part of its broader research process in selecting and monitoring investments, but it does not
have a specific sustainability goal. Further, the fund operates under an exclusion policy, meaning it will not invest in certain business activities.
5. Charging structure  
Unbundled Fund  
Previous AMC 0.55%
New AMC 0.55%
Previous TER 0.65%
New TER 0.64%
Previous Reimbursed Rebate Rate (Charge Basis 3) 0.05%
New Reimbursed Rebate Rate (Charge Basis 3) 0.05%

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