| Change Details | |
|---|---|
| Title | VT Momentum Diversified Moderate |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 27 March 2026 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Valu-Trac Investment Management Limited |
| Fund Name | VT Momentum Diversified Moderate |
| Type of change | Fund Merger |
| Date merger effective from | 27/03/2026 |
| Date fund suspended | 26/03/2026 |
| Deadline for investors to switch out if appropriate | 11:00 on 26/03/2026 |
| Is the event subject to shareholder approval? | Yes |
| 2. Fund details | |
| Current Fund | New Fund |
| VT Momentum Diversified Moderate | VT Momentum Diversified Income |
| 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 | The fund aims to achieve total returns (comprised of capital growth and income) of the Consumer Prices Index + 5% (net of management fees and underlying fund charges) over the medium to long-term (3-5 years). Capital is in fact at risk and there is no guarantee that a positive return will be achieved over a five year, or any, period. |
| New objective | The fund aims to deliver an annual level of income (net of fees) in the range of 4% to 6%. The fund also aims to provide capital growth (generated through an increase in the value of the assets held by the fund and/or income received from those assets) over rolling 6 year periods, while maintaining a risk profile as defined by the portfolio’s annualised ex ante volatility in the range of 8% to 11%. |
| 5. Charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.75% |
| New AMC | 0.75% |
| Previous TER | 1.21% |
| New TER | 1.05% |
| Previous Reimbursed Rebate Rate | 0.00% |
| New Reimbursed Rebate Rate | 0.10% |