| Change Details | |
|---|---|
| Title | FundRock Partners Limited |
| Type | Objective and policy changes |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 14 May 2026 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | FundRock Partners Limited |
| Fund Names | FP Carmignac Emerging Markets FP Carmignac European Leaders FP Carmignac Global Bond FP Carmignac Global Equity Compounders |
| Type of change | Investment policy change |
| Date change effective from | 14/05/2026 |
| No | |
| 2. Investment policies | |
| Current investment policy | New investment policy |
| FP Carmignac Emerging Markets | |
| The fund seeks to achieve its investment objective by investing, either directly or indirectly through collective investment schemes that it holds, in shares of companies whose registered office or core business is located in emerging countries (as defined in this prospectus), with no particular emphasis on business sector or company size. The fund will typically invest between 80% - 95% in shares (as outlined above), however, on rare occasions, such as when the markets are experiencing heavy turmoil, the fund may decrease its exposure to company shares to no less than 51% and invest a greater proportion (up to 40%) in debt instruments. The fund may also invest, either directly or indirectly, through collective investment schemes that it holds, up to 40% of its Net Asset Value in debt instruments (including fixed-rate bonds, floating-rate bonds, negotiable debt, and up to 10% in contingent convertible bonds) and money market instruments without restrictions in terms of allocation by sectors, regions, countries, including emerging countries. The fund may frequently (meaning more than once a quarter) use financial derivatives instruments and financial instruments with embedded derivatives for Efficient Portfolio Management (including hedging) and/or investment purposes. The fund may invest up to 10% of its Net Asset Value in units of other collective investment schemes (including collective investment schemes managed by the ACD). The fund may also use securities lending for the purposes of Efficient Portfolio Management. In addition, the fund integrates ESG and implements socially responsible criteria in its investment approach. |
The fund seeks to achieve its investment objective by investing, either directly or indirectly through collective investment schemes that it holds, in shares of companies whose registered office or core business is located in emerging countries (as defined in this prospectus), with no particular emphasis on business sector or company size. The fund will invest at least 75% in shares (as outlined above), meaning that at least 75% of the fund’s assets will be used to purchase actual stocks. The fund may frequently (meaning more than once a quarter) use financial derivatives instruments and financial instruments with embedded derivatives for Efficient Portfolio Management (including hedging) and/or investment purposes. To manage risk, the fund may use derivatives to decrease its exposure to company shares to no less than 60% and invest a greater proportion (up to 25%) in debt instruments (as outlined below). Exposure to company shares may be reduced to such a level on rare occurrences, at the Investment Manager’s discretion, particularly during periods of market uncertainty driven by global or local events. Such decisions can be informed by various indicators including but not limited to prevailing equity market levels, FX rates, credit spreads, interest rates, commodity prices, and other relevant economic and financial metrics. These derivatives help reduce the fund's exposure to potential share price fluctuations. Even in such cases, the fund will still hold shares equivalent to at least 75% of its total Net Asset Value, with derivatives providing protection by reducing the exposure down to 60%. The fund may also invest, either directly or indirectly, through collective investment schemes that it holds, up to 25% of its Net Asset Value in debt instruments (including fixed-rate bonds, floating-rate bonds, negotiable debt, and up to 10% in contingent convertible bonds) and money market instruments without restrictions in terms of allocation by sectors, regions, countries, including emerging countries. The fund may also hold up to 20% of its Net Asset Value in cash and cash-equivalent instruments for liquidity and/or risk management purposes. The fund may invest up to 10% of its Net Asset Value in units of other collective investment schemes (including collective investment schemes managed by the ACD). The fund may also use securities lending for the purposes of Efficient Portfolio Management. In addition, the fund integrates ESG and implements socially responsible criteria in its investment approach. |
| FP Carmignac European Leaders | |
| The fund seeks to achieve its investment objective by investing, either directly or indirectly through collective investment schemes that it holds, in shares of companies that have their registered office, conduct the majority of their business, or have business development prospects in the European Union, or Turkey and Russia. There is no particular emphasis on business sector. The fund will typically invest between 80% - 95% in shares (as outlined above), however, on rare occasions, such as when the markets are experiencing heavy turmoil, the fund may decrease its exposure to company shares to no less than 51% and invest a greater proportion (up to 40%) in debt instruments). The fund may also invest, either directly or indirectly, through collective investment schemes that it holds, up to 40% of its Net Asset Value in debt instruments (including fixed-rate bonds, floating-rate bonds, negotiable debt, and up to 10% in contingent convertible bonds) and money market instruments without restrictions in terms of allocation by sectors, regions, countries, including emerging countries. The fund may frequently (meaning more than once a quarter) use financial derivatives instruments and financial instruments with embedded derivatives for Efficient Portfolio Management (including hedging) and/or investment purposes. The fund may invest up to 10% of its Net Asset Value in units of other collective investment schemes (including collective investment schemes managed by the ACD). The fund may also use securities lending for the purposes of Efficient Portfolio Management. In addition, the fund seeks to invest sustainably and implements a socially responsible investment approach. Investments in Russia will not exceed 10% of the fund’s Net Asset Value. |
The fund seeks to achieve its investment objective by investing, either directly or indirectly through collective investment schemes that it holds, in shares of companies that have their registered office, conduct the majority of their business, or have business development prospects in the EEA and Switzerland. There is no particular emphasis on business sector. The fund will invest at least 75% in shares (as outlined above), meaning that at least 75% of the fund’s assets will be used to purchase actual stocks. From time to time the fund may hold debt instruments resulting from corporate actions on existing equity investments. The fund may frequently (meaning more than once a quarter) use financial derivatives instruments and financial instruments with embedded derivatives for Efficient Portfolio Management (including hedging) and/or investment purposes. To manage risk, the fund may use derivatives to reduce equity exposure to no less than 51%. Exposure may be reduced to such a level on rare occurrences, at the Investment Manager’s discretion, particularly during periods of market uncertainty driven by global or local events. Such decisions can be informed by various indicators including but not limited to prevailing equity market levels, FX rates, credit spreads, interest rates, commodity prices, and other relevant economic and financial metrics. These derivatives help reduce the fund's exposure to potential share price fluctuations. Even in such cases, the fund will still hold shares equivalent to at least 75% of its total Net Asset Value, with derivatives providing protection by reducing the exposure down to 51%. The fund may also invest in money market instruments without restrictions in terms of allocation by sectors, regions, countries, including emerging countries. The fund may also hold up to 20% of its Net Asset Value in cash and cash-equivalent instruments for liquidity and/or risk management purposes. The fund may invest up to 10% of its Net Asset Value in units of other collective investment schemes (including collective investment schemes managed by the ACD). The fund may also use securities lending for the purposes of Efficient Portfolio Management. In addition, the fund seeks to invest sustainably and implements a socially responsible investment approach. |
| FP Carmignac Global Bond | |
| The fund seeks to achieve its investment objective by investing, either directly or indirectly through collective investment schemes that it holds, in debt instruments (including fixed-rate bonds, floating-rate bonds, negotiable debt, and up to 20% in contingent convertible bonds) on a global basis, with no particular emphasis on geographical region, curve, business sector, or company size. The fund may frequently (meaning more than once a quarter) use financial derivatives instruments and financial instruments with embedded derivatives for Efficient Portfolio Management (including hedging) and/or investment purposes. The fund may invest up to 10% of its Net Asset Value in units of other collective investment schemes (including collective investment schemes managed by the ACD). The fund may invest up to: 10% of its Net Asset Value in securitised instruments, which are instruments based on a pool of various types of underlying assets, such as loans; and, 5% of its Net Asset Value in distressed securities, which are financial instruments relating to a company that is in some sort of financial distress. The fund may also use securities lending for the purposes of Efficient Portfolio Management. |
|
| FP Carmignac Global Equity Compounders | |
| The fund seeks to achieve its investment objective by investing directly in shares of global “compounders”. We define these as companies with high sustainable profitability who reinvest profits into their company to grow the business for the future. Over the long term this compounding in the size of the underlying company is reflected through appreciating stock prices. There is no predetermined focus on business sector or geography, although concentrations will naturally emerge through stock selection. The fund will invest at least 80% directly in shares (as outlined above) and on an ancillary basis in debt instruments (including fixed-rate bonds, floating-rate bonds, negotiable debt, and up to 10% in contingent convertible bonds) and money market instruments without restrictions in terms of allocation by sectors, regions, countries, including emerging countries. However, on rare occasions, such as when the markets are experiencing heavy turmoil, the fund may decrease its exposure to compounders shares to no less than 51% and invest a greater proportion (up to 40%) in debt instruments (as outlined above). The fund may frequently (meaning more than once a quarter) use financial derivatives instruments and financial instruments with embedded derivatives for Efficient Portfolio Management (including hedging) and/or investment purposes. The fund may invest up to 10% of its Net Asset Value in units of other collective investment schemes (including collective investment schemes managed by the ACD). The fund may also use securities lending for the purposes of Efficient Portfolio Management. In addition, the fund seeks to invest sustainably and implements a socially responsible investment approach. The fund will typically invest in 40 to 60 stocks and the weight attributed to each stock is a factor of the Investment Manager’s conviction, amongst other considerations, i.e. the higher the weight, the higher the conviction. |
The fund seeks to achieve its investment objective by investing directly in shares of global “compounders”. We define these as companies with high sustainable profitability who reinvest profits into their company to grow the business for the future. Over the long term this compounding in the size of the underlying company is reflected through appreciating stock prices. There is no predetermined focus on business sector or geography, although concentrations will naturally emerge through stock selection. The fund will invest at least 80% directly in shares (as outlined above), meaning that at least 80% of the fund’s assets will be used to purchase actual stocks. From time to time the fund may hold debt instruments resulting from corporate actions on existing equity investments. The fund may frequently (meaning more than once a quarter) use financial derivatives instruments and financial instruments with embedded derivatives for Efficient Portfolio Management (including hedging) and/or investment purposes. To manage risk, the fund may use derivatives to reduce equity exposure to no less than 51%. Exposure may be reduced to such a level on rare occurrences, at the Investment Manager’s discretion, particularly during periods of market uncertainty driven by global or local events. Such decisions can be informed by various indicators including but not limited to prevailing equity market levels, FX rates, credit spreads, interest rates, commodity prices, and other relevant economic and financial metrics. These derivatives help reduce the fund's exposure to potential share price fluctuations. Even in such cases, the Fund will still hold shares equivalent to at least 80% of its total Net Asset Value, with derivatives providing protection by reducing the exposure down to 51%. The Fund may also invest in money market instruments without restrictions in terms of allocation by sectors, regions, countries, including emerging countries. The fund may also hold up to 20% of its Net Asset Value in cash and cash-equivalent instruments for liquidity and/or risk management purposes. The fund may invest up to 10% of its Net Asset Value in units of other collective investment schemes (including collective investment schemes managed by the ACD). The fund may also use securities lending for the purposes of Efficient Portfolio Management. In addition, the fund seeks to invest sustainably and implements a socially responsible investment approach. The fund will invest in 30 to 60 stocks and the weight attributed to each stock is a factor of the Investment Manager’s conviction, amongst other considerations, i.e. the higher the weight, the higher the conviction. |