| Change Details | |
|---|---|
| Title | TM SDL Free Spirit |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 24 April 2026 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Thesis Unit Trust Management Limited |
| Fund Name | TM SDL Free Spirit |
| Type of change | Fund Merger |
| Date merger effective from | 24/04/2026 |
| Date fund suspended | 23/04/2026 |
| Deadline for investors to switch out if appropriate | 11:00 on 23/04/2026 |
| Is the event subject to shareholder approval? | Yes |
| 2. Fund details | |
| Current Fund | New Fund |
| TM SDL Free Spirit | TM SDL UK Buffettology |
| 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 seek to maximise total returns over the long term, defined as 5 – 10 years. At least 80% of the fund will be invested within UK equities, with an emphasis on smaller and mid capitalised companies. The fund will have a concentrated portfolio of between 25 and 40 holdings when fully invested. The Investment Manager will apply the methodology of Business Perspective Investing. Business Perspective Investing identifies companies that exhibit criteria considered essential to the long-term success of that business, and are expected to possess strong operating franchises and experienced management teams. Investments are to be made at a valuation deemed to provide shareholder value over the intended long-term period of investment, not to be sold for short term profits. |
| New objective | To seek to achieve an annual compounding rate of return over the long term, defined as 5 – 10 years, which is superior to the median performance of all of the funds forming the official peer group of which the fund is part. ‘Peer group’ is defined as being the Investment Association sector to which the fund has been allocated (currently being the UK All Companies Sector) or to which it may be allocated in future, as determined by that body. Investments will be made principally in UK equities, applying the methodology of Business Perspective Investing. Business Perspective Investing identifies companies that exhibit criteria considered essential to the long-term success of that business, and are expected to possess strong operating franchises and experienced management teams. Investments are to be made at a valuation deemed to provide shareholder value over the intended long-term period of investment, not to be sold for short term profits. |
| 5. Charging structure | |
| Previous AMC | 0.90% |
| New AMC | 0.95% |
| Previous TER | 1.00% |
| New TER | 1.00% |