| Change Details | |
|---|---|
| Title | AllianceBernstein Global Low Carbon Equity Portfolio |
| Type | Name Changes |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 21 May 2025 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | AllianceBernstein (Luxembourg) S.à r.l. |
| Fund Name | AllianceBernstein Global Low Carbon Equity Portfolio |
| Type of change | Name, Objective & Policy Change |
| Date change effective from | 21 May 2025 |
| Is the event subject to shareholder approval? | No |
| 2. Name change details | |
| Current Fund Name | New Fund Name |
| AllianceBernstein Global Low Carbon Equity Portfolio | AllianceBernstein Global Climate Transition Equity Portfolio |
| 3. Investment objectives & policies | |
| Previous objective & policy | The Portfolio seeks to increase the value of your investment over time through capital growth, while seeking significantly lower carbon exposure than global equity markets (as measured by the MSCI World Index). Under normal market conditions, the Portfolio typically invests in equity securities of companies anywhere in the world, including in emerging market countries, that the Investment Manager believes have lower aggregate carbon exposure. These companies may be of any market capitalisation and industry. The Investment Manager seeks to select securities that it believes are high quality, have reasonable valuations and offer attractive shareholder returns. As part of the Investment Manager's investment process, when constructing the portfolio of companies with aggregate carbon exposure that is significantly lower (at least 50%) than the carbon exposure of the MSCI World Index, the Investment Manager also integrates factors such as companies' carbon footprint, the overall carbon reduction strategy, including specific climate targets, proven reductions, and green revenues in view of the global efforts to transition to a lower carbon economy. It also considers other environmental and/or social criteria that might affect companies' performance. |
| New objective & policy | The Portfolio seeks to increase the value of your investment over time through capital growth by seeking exposure to companies that are transitioning to a lower carbon economy. Under normal market conditions, the Portfolio typically invests in equity securities of companies anywhere in the world, including in emerging market countries, that the Investment Manager believes are on a clear and measurable path in transitioning to a lower carbon economy. These companies may be of any market capitalisation and industry. The Investment Manager seeks to select companies that it believes are high quality, have reasonable valuations and offer attractive shareholder returns and that are transitioning to a lower carbon economy. As part of the Investment Manager's investment process, when constructing the portfolio it will consider the carbon footprint of companies and seek to maintain an aggregate carbon exposure that is significantly lower (at least 50%) than the carbon exposure of the MSCI World Index, greater exposure to companies with specific climate targets and proven reductions, and greater exposure to companies generating green revenue than the benchmark. It also considers other environmental and/or social criteria that might affect companies' performance. |