| Change Details | |
|---|---|
| Title | Aegon Asset Management UK plc |
| Type | Objective and policy changes |
| Companies Impacted | Quilter Life & Pensions Limited, Quilter Investment Platform Limited |
| Effective Date | 19 December 2025 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Aegon Asset Management UK plc |
| Fund Name | Aegon Sustainable Diversified Growth |
| Type of change | Name, Investment Objective & Investment Policy Changes |
| Date change effective from | 19/12/2025 |
| Is the event subject to shareholder approval? | Yes approved |
| 2. Name change details | |
| Current Fund Name | New Fund Name |
| Aegon Sustainable Diversified Growth | Aegon Diversified Growth |
| 3. Investment Objective & Investment Policy | |
| Previous Investment Objective & Investment Policy | To deliver a total return (capital growth plus income, gross of fees) that exceeds the UK Consumer Prices Index (CPI) by at least 3% per annum over any 5-year period. By investing in the fund, capital is at risk. There is no guarantee that the fund will deliver positive returns over this, or any, time period. The fund also aims to indirectly improve environmental and social outcomes by investing in corporates (via public equity and fixed income instruments) and in countries (via government and public securities) by seeking out investments that address developing global sustainable environmental and social needs, which will cover a broad range of sustainability topics through its investment in the following: Corporates (Public Equity and Fixed Income) those responsibly managed companies or corporate issuers (together referred to as ‘corporates’) providing products and services that are aligned to one or more of the ACD’s 6 sustainability themes. The 6 themes are: 1. Climate Change: the reduction of polluting emissions through insight and innovation. 2. Eco-Solutions: products and services that help protect and improve the planet’s ecosystems. 3. Resource Efficiency: reducing the use of finite resources through automation and circular economies. 4. Health & Wellbeing: enhancing human wellbeing through better healthcare, diet, and fitness. 5. Inclusion: addressing inequality and helping solve demographic challenges. 6. Sustainable Growth: innovation and disruptive growth with positive first or second order impacts. Sustainable companies are those scoring 3 or higher on both its products and/or services ‘Products’ (revenue alignment to the 6 themes) and its business practices ‘Practices’ (responsible management of ESG) against the ACD’s scoring matrix and which are classified as ‘Sustainable’ or ‘Sustainable Leader’ to reflect the significance of a company’s contribution to the delivery of one or more of the ACD’s themes. The scoring of a company’s Products and Practices are undertaken separately and on a scale of 1 to 5 (1 is best, 5 is worst). The ACD has set thresholds for the achievement of each score (set out below) to ensure analyst scoring is consistent. Please see explanation below for what defines the scores within the framework. Countries (government and public securities). In the case of countries, the fund will invest in those countries that are making substantial progress in achieving positive environmental and social outcomes as defined by the United Nation’s 17 Sustainable Development Goals (UN SDGs) which can be accessed and viewed at the following website: https://sdgs.un.org/goals. The ACD measures the sustainability of countries through a proprietary quantitative methodology. Only countries that achieve an aggregated country-level score of 50 or higher are deemed “sustainable” and are eligible to meet the fund’s sustainability objective. By investing in the fund, there is a risk that performance may be better or worse than funds not constrained by consideration of a sustainability objective. The fund is a flexible multi-asset fund that invests across a range of asset classes on a global basis, taking into account factors such as global economic trends and growth opportunities provided that the corporates and countries invested in meet the proprietary scoring criteria. The fund is actively managed and can invest in companies of any market capitalization (small, medium or large) and in any industry sector. As a result, at any one time the fund may be diversified across asset classes, sectors, currencies or geographies in various proportions. Through diversification, the fund also looks to achieve lower volatility (i.e. changes in value) than global equities. At least 70% of the fund’s assets will meet the fund’s sustainability objective and will consist of equities, corporate bonds and government and public securities To the extent not fully invested in the main asset classes above, the fund may invest in government and public securities that meet the ACD’s sustainability classification of a ‘neutral’ country as detailed below, derivatives for investment purposes (including long and short positions for the purposes of adjusting risk) and hedging instruments, including derivatives to reduce currency risk, money market instruments, cash and near-cash. Such assets will not be held for the purposes of meeting the sustainability objective and will not conflict with the sustainability objective. The fund may invest in assets denominated in any currency non-Sterling exposure will typically be hedged back to Sterling to reduce currency risk, but the fund is permitted to take active non-Sterling exposure. |
| New Investment Objective & Investment Policy | To deliver a total return (capital growth plus income, gross of fees) that exceeds the UK Consumer Prices Index (CPI) by at least 3% per annum over any 5-year period. By investing in the fund, capital is at risk. There is no guarantee that the fund will deliver positive returns over this, or any, time period. The fund is a flexible multi-asset fund that invests across a range of asset classes on a global basis, taking into account factors such as global economic trends and growth opportunities provided that the corporates and countries invested in meet the proprietary scoring criteria. The fund is actively managed and can invest in companies of any market capitalization (small, medium or large) and in any industry sector. Through diversification, the fund also looks to achieve lower volatility (i.e. changes in value) than global equities. To the extent not fully invested in the main asset classes above, the fund may invest in derivatives for investment purposes (including long and short positions for the purposes of adjusting risk). The fund may invest in assets denominated in any currency non-Sterling exposure will typically be hedged back to Sterling to reduce currency risk, but the fund is permitted to take active non-Sterling exposure. At least 80% of the fund will usually consist of equities, corporate bonds and government and public securities and derivatives, with some flexibility to hold high levels of cash or cash equivalents. High level is defined as exceeding 10% of the Net Asset Value during periods of adverse market conditions to meet the investment objective. Through these investments, the fund may obtain an indirect exposure to property, commodities and other alternative investments, such as companies that specialise in infrastructure and renewable energy. The fund will also invest a maximum of 20% of the Net Asset Value in Contingent Convertible bonds. |