| Change Details | |
|---|---|
| Title | TIME Investments |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 31 December 2026 |
Please note:
The mergers are expected to be completed over four separate ‘tranches’ within 12 months of the date of the shareholder meeting. The effective date of each ‘tranche’ will be on a date notified by Alpha Real Capital LLP. 1st Tranche: expected to be in Q1 2026 2nd Tranche: expected to be in Q2 2026 3rd Tranche: expected to be in Q3 2026 4th Tranche (being the final Merger Tranche): expected to be in Q4 2026
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | TIME Investments |
| Fund Names | ARC TIME Property Income PAIF ARC TIME Property Income Feeder Trust |
| Type of change | Fund Mergers |
| Date merger effective from | The mergers are expected to be completed over four separate ‘tranches’ within 12 months of the date of the shareholder meeting. The effective date of each ‘tranche’ will be on a date notified by Alpha Real Capital LLP. 1st Tranche: expected to be in Q1 2026 2nd Tranche: expected to be in Q2 2026 3rd Tranche: expected to be in Q3 2026 4th Tranche (being the final Merger Tranche): expected to be in Q4 2026 |
| Date fund suspended | 14 March 2025 |
| Is the event subject to shareholder approval? | Yes |
| 2. Fund details | |
| Current Funds | New Funds |
| ARC TIME Property Income PAIF ARC TIME Property Income Feeder Trust |
ARC TIME Property Long Income & Growth PAIF ARC TIME Property Long Income & Growth Feeder Trust |
| 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 | Its investment objective is to carry on property Investment Business and to manage cash raised for investment in the Property Investment Business. The aim of the fund is to offer Shareholders a consistent income stream with some capital growth prospects through acquiring property with long leases including commercial freehold ground rents and commercial freehold property which benefit from long leases. In accordance with the investment objective of the fund, capital will be invested through acquiring commercial direct property with long leases, listed property companies - including real estate investment trusts (REITS) - and other property related assets such as exchange traded funds and share of companies engaged in property and property related services. The fund’s investment in commercial property with long leases, REITs and property-related assets is typically expected to be in the region of 80% - 90% of the fund’s total assets, although this may vary as a result of factors such as market conditions. The fund may obtain its exposure through a combination of direct and indirect holdings with exposure across industry sectors (including but not limited to industrial, leisure, healthcare, offices and residential) and geographies. The fund’s direct property holdings, which will typically consist of around 35% - 45% of the fund's assets, will be in property located in the UK. Indirect property holdings typically being listed equities, REITs and other property-related assets is expected to typically consist of around 45% of the Net Asset Value of the Fund and such investments may be in the UK or international. At least 15% of the Net Asset Value (i.e. one third of this element) of these indirect property holdings shall be held in REITs. The fund may invest in collective investment schemes but the ACD will not invest more than 15% of the Net Asset Value in collective investment schemes (regulated or unregulated). |
| New objective | Its investment objective is to carry on property Investment Business and to manage cash raised for investment in the Property Investment Business. The aim of the fund is to offer Shareholders an income return with some capital growth prospects. It is intended for around 70% of the portfolio to be invested in direct UK freehold property (which benefit from long leases) and listed UK REITs. The fund may also invest in other real asset backed listed UK equities and collective investment schemes but not more than 15% of the portfolio will be invested in collective investment schemes. The fund may also invest in non-UK securities listed on eligible securities markets. |
| 5. Charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.90% |
| New AMC | 0.85% |
| Previous TER (including Property Expense Ratio) | 1.87% |
| New TER (including Property Expense Ratio) | 1.43% |
Client Correspondence
- KIID-share-class-X-X_ARC-TIME-Property-Long-Income-Growth-PAIF
- KIID-share-class-X-X_ARC-TIME-Property-Long-Income-Growth-PAIF (1)
- KIID-share-class-X-X-feeder-trust_ARC-TIME-Property-Long-Income-Growth-PAIF
- ARC TIME Property Income Merger - Adviser Model SAMPLE
- ARC TIME Property Income Merger - Unbundled clients - CB3 SAMPLE