| Change Details | |
|---|---|
| Title | WS Saracen Global Income & Growth |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 05 April 2025 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Waystone Management (UK) Limited |
| Fund Name | WS Saracen Global Income & Growth |
| Type of change | Merger |
| Date merger effective from | 05/04/2025 |
| Date fund suspended | 03/04/2025 |
| Deadline for investors to switch out if appropriate | 11:00 on 03/04/2025 |
| Is the event subject to shareholder approval? | Yes - Approved |
| 2. Fund details | |
| Current Fund | New Fund |
| WS Saracen Global Income & Growth | RGI Global Income & 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 provide both income and capital growth over Rolling Periods of 5 years (after charges). At least 80% of the Fund will be invested in a global portfolio of equities (i.e. shares) in large companies anywhere in the world (including but not limited to the UK). For these purposes, large companies are companies with a market capitalisation equal to or greater than $5 billion |
| New objective | To provide an annual income and grow the value of your investment (known as "capital growth") over a rolling 5 year period, after the deduction of all fees. Although the fund aims to deliver capital growth over a rolling 5 year period, there is no guarantee that this will be achieved over this time period, or any time period. The fund's capital is at risk meaning that the fund could suffer a decrease in value and the value of your investment would decrease as a result. At least 80% of the Fund will be invested in a global portfolio of equities (i.e. shares, including common and preference shares) in large companies anywhere in the world, including Emerging Markets. For these purposes, large companies are companies with a market capitalisation equal to or greater than $5 billion. |
| 5. Charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.75% |
| New AMC | 0.75% |
| Previous TER | 0.97% |
| New TER | 0.92% |