| Change Details | |
|---|---|
| Title | VT EPIC Multi Asset Balanced |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 08 November 2024 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Valu-Trac Investment Management Limited |
| Fund Name | VT EPIC Multi Asset Balanced |
| Type of change | Merger |
| Date merger effective from | 8 November 2024 |
| Date fund suspended | 7 November 2024 |
| Deadline for investors to switch out if appropriate | 11:00 am on 7 November 2024 |
| Is the event subject to shareholder approval? | Yes - approved |
| 2. Fund details | |
| Current Fund | New Fund |
| VT EPIC Multi Asset Balanced | VT EPIC Multi Asset Growth |
| 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 returns from both capital and income over the long term (5 years) by investing across a global portfolio of assets. The Investment Manager uses a global asset allocation framework to invest across a range of asset classes, geographies, sectors and investment styles to provide a portfolio which it considers to be balanced. The portfolio invests in a combination of specialist Funds, ETFs, listed investment vehicles, individual securities and cash, and uses derivatives for hedging and investment purposes to both reduce market risk and enhance returns. As a consequence, the portfolio exhibits modest correlation to traditional asset classes. |
| New objective | To achieve capital growth over the long term (5 years) by investing across a global portfolio of assets. The Investment Manager uses a global asset allocation framework to invest across a wide range of asset classes, geographies, sectors and investment styles. The portfolio aims to generate capital growth by investing in a combination of specialist funds, ETFS, listed investment vehicles, individual securities and cash, and uses derivatives for hedging and investment purposes to both reduce market risk and enhance returns. As a consequence, the portfolio exhibits moderate correlation to traditional asset classes. |
| 5. Charging structure | |
| Bundled Fund | |
| Previous AMC | 1.50% |
| New AMC | 1.50% |
| Previous OCF | 2.44% (OCF is currently capped @ 1.05% as Fund Manager is subsidising costs) |
| New OCF | 2.59% (OCF is currently capped @ 1.05% as Fund Manager is subsidising costs) |
| Previous Reimbursed Amount (Charge Basis 2) | 0.50% |
| New Reimbursed Amount(Charge Basis 2) | 0.50% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.85% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.85% |
| Unbundled Fund | |
| Previous AMC | 0.75% |
| New AMC | 0.75% |
| Previous OCF | 1.53% (OCF is currently capped @ 1.05% as Fund Manager is subsidising costs) |
| New OCF | 1.69% (OCF is currently capped @ 1.05% as Fund Manager is subsidising costs) |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.10% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.10% |
Client Correspondence
- VT EPIC MA Balanced - Merger - Bundled - CB123 - Sample
- VT EPIC MA Balanced - Merger - Unbundled - CB3 - Sample
- VT EPIC Multi Asset Growth Fund KIID A Acc - 2023-12-29
- VT EPIC Multi Asset Growth Fund KIID I Acc - 2023-12-29
- VT EPIC Multi Asset Growth Fund KIID A Inc - 2023-12-29
- VT EPIC Multi Asset Growth Fund KIID I Inc - 2023-12-29