| Change Details | |
|---|---|
| Title | Margetts Fund Management Limited |
| Type | Objective and policy changes |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 28 January 2026 |
| Change Details | Name, Objective & AMC changes |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Margetts Fund Management Limited |
| Fund Name | MGTS Tempus Cautious Portfolio |
| Type of change | Name, Objective & AMC Changes |
| Date change effective from | 28 January 2026 |
| Is the event subject to shareholder approval? | No |
| 2. Name change details | |
| Current Fund Name | New Fund Name |
| MGTS Tempus Cautious Portfolio | MGTS Attivo Investments Diversified 35-45 |
| 3. Investment objectives | |
| Previous objective | To provide capital growth, with the potential for income, over any 5-year period. The fund will provide exposure to a range of assets in any economic sector and geographical area within a cautious strategy. A cautious strategy is defined as having exposure to shares, which will typically range between 40% and 60%. However, share exposure may range between 20% and 60%. Exposure to bonds (including government bonds, corporate bonds and sub-investment grade bonds) will typically range between 20% and 40% however may range between 15% and 70%. Exposure may also include alternative asset classes, such as commodities and property (limited to 20%). The fund will invest directly in transferable securities, such as shares, bonds, investment trusts and near cash instruments, however it may also gain up to 30% exposure through investment in collective investment schemes (which may include schemes operated by the Investment Adviser, associates or controllers of the Investment Adviser). |
| New objective | To provide capital growth, with the potential for income, over any 5-year period. This fund provides exposure to a blend of assets across any economic sector or geographical area. Exposure to shares can vary between 35% and 45%. The fund may include additional limited (maximum 10%) exposure to investments that are linked to alternative investments such as property and commodities, e.g. gold. The balance of exposure will be to bonds (which may include government, corporate, subinvestmentgrade and inflation linked) and cash. In the short-term (a period of less than one year), the allocation may deviate above or below the stated allocations by 5% of the fund’s total value. To provide the above exposure, a minimum of 70% of the fund will be invested in active and/or passively managed collective investment schemes (which may include schemes operated by the ACD, associates or controllers of the ACD). The fund may also invest directly (maximum of 30%) in transferable securities, such as shares, bonds, investment trusts or structured products. |
| 4. Change to charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.54% |
| New AMC | 0.51% |
| Previous TER | 0.83% |
| New TER | 0.77% |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Margetts Fund Management Limited |
| Fund Name | MGTS Tempus Defensive Portfolio |
| Type of change | Name, Objective & AMC Changes |
| Date change effective from | 28 January 2026 |
| Is the event subject to shareholder approval? | No |
| 2. Name change details | |
| Current Fund Name | New Fund Name |
| MGTS Tempus Defensive Portfolio | MGTS Attivo Investments Diversified 20-30 |
| 3. Investment objectives | |
| Previous objective | To provide capital growth and to provide a total return after fees of above Bank of England Bank Rate plus 2% over any 3-year period. A minimum of 70% of the portfolio will be invested in assets which in the Investment Adviser’s opinion provide a Defined Return, such as structured products, asset swaps, fixed interest swaps, contracts for difference, other derivative instruments, preference shares and bonds. The Defined Return assets may have features that alter the returns from an underlying basket of assets (typically equity indices – e.g., FTSE 100, S&P 500) with the objective of delivering returns within a defined range as a result of foregoing higher growth and protecting from falls in value. It is important that investors are aware that at times this range may not be achieved, in which case the structure may provide a loss that will be similar to investing directly in the underlying asset. For these purposes, Defined Return means a return based on certain scenarios and providing certain conditions are met, that is agreed in advance between the parties. The fund may also invest (maximum of 30%) in collective investment schemes, shares, cash, near cash instruments, investment trusts, real estate investment trusts (REITs) and unregulated collective investment schemes such as hedge funds (where investment in such funds would be consistent with the investment objective and policy of the fund). |
| New objective | To provide capital growth, with the potential for income, over any 3-year period. This fund provides exposure to a blend of assets across any economic sector or geographical area. Exposure to shares can vary between 20% and 30%. The fund may include additional limited (maximum 10%) exposure to investments that are linked to alternative investments such as property and commodities, e.g. gold. The balance of exposure will be to bonds (which may include government, corporate, subinvestment grade and inflation linked) and cash. In the short-term (a period of less than one year), the allocation may deviate above or below the stated allocations by 5% of the Sub-fund’s total value. To provide the above exposure, a minimum of 70% of the fund will be invested in active and/or passively managed collective investment schemes (which may include schemes operated by the ACD, associates or controllers of the ACD). The fund may also invest directly (maximum of 30%) in transferable securities, such as shares, bonds, investment trusts or structured products. |
| 4. Change to charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.54% |
| New AMC | 0.51% |
| Previous TER | 0.81% |
| New TER | 0.76% |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Margetts Fund Management Limited |
| Fund Name | MGTS Tempus Enterprise Portfolio |
| Type of change | Name, Objective & AMC Changes |
| Date change effective from | 28 January 2026 |
| Is the event subject to shareholder approval? | No |
| 2. Name change details | |
| Current Fund Name | New Fund Name |
| MGTS Tempus Enterprise Portfolio | MGTS Attivo Investments Diversified 90-100 |
| 3. Investment objectives | |
| Previous objective | To provide capital growth over any 7-year period. The fund may invest up to 100% directly in shares across any geographical region, subject to limits set out under the investment strategy. The fund may also invest a maximum of 30% in collective investment schemes (which may include schemes operated by the Investment Adviser, associates or controllers of the Investment Adviser). The fund may also invest in other transferable securities such as cash, near cash instruments, bonds (including government bonds and corporate bonds), real estate investment trusts (REITs), investment trusts and structured products which may embed a derivative. The fund may invest a large percentage of its assets in securities issued by or representing a small number of issuers. As a result, the fund’s performance may depend on the performance of a small number of issuers. The fund will be actively managed and therefore the Investment Adviser will use their expertise to select investments, rather than tracking a stock exchange or index, to take advantage of changing worldwide economic conditions. |
| New objective | To provide capital growth, with the potential for income, over any 7-year period. This fund provides exposure to a blend of assets across any economic sector or geographical area. Exposure to shares can vary between 90% and 100%. Normally the fund is expected to be fully invested, however there may be times when the Investment Adviser considers stock markets to be overpriced or that a period of instability exists which presents unusual risks. If considered prudent, the Investment Adviser may hold up to 10% of the portfolio value in cash and bonds (which may include government, corporate, sub-investment grade and inflation linked). In the short-term (a period of less than one year), the allocation may deviate above or below the stated allocations by 5% of the fund’s total value. To provide the above exposure, a minimum of 70% of the fund will be invested in active and/or passively managed collective investment schemes (which may include schemes operated by the ACD, associates or controllers of the ACD). The fund may also invest directly (maximum of 30%) in transferable securities, such as shares, bonds, investment trusts or structured products. |
| 4. Change to charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.55% |
| New AMC | 0.51% |
| Previous TER | 0.85% |
| New TER | 0.78% |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Margetts Fund Management Limited |
| Fund Name | MGTS Tempus Growth Portfolio |
| Type of change | Name, Objective & AMC Changes |
| Date change effective from | 28 January 2026 |
| Is the event subject to shareholder approval? | No |
| 2. Name change details | |
| Current Fund Name | New Fund Name |
| MGTS Tempus Growth Portfolio | MGTS Attivo Investments Diversified 70-80 |
| 3. Investment objectives | |
| Previous objective | To provide capital growth over any 5-year period. The fund will invest a minimum of 40% and a maximum of 85% directly or indirectly in shares across any geographical region, subject to limits set out under the investment strategy. The fund may invest a maximum of 30% in collective investment schemes (which may include schemes operated by the Investment Adviser, associates or controllers of the Investment Adviser). The fund may also invest in other transferable securities such as cash, near cash instruments, bonds (including government bonds and corporate bonds), real estate investment trusts (REITs), investment trusts and structured products which may embed a derivative. |
| New objective | To provide capital growth, with the potential for income, over any 6-year period. This fund provides exposure to a blend of assets across any economic sector or geographical area. Exposure to shares can vary between 70% and 80%. The fund may include additional limited (maximum 10%) exposure to investments thatare linked to alternative investments such as property and commodities, e.g. gold. The balance of exposure will be to bonds (which may include government, corporate, subinvestment grade and inflation linked) and cash. In the short-term (a period of less than one year), the allocation may deviate above or below the stated allocations by 5% of the fund’s total value. To provide the above exposure, a minimum of 70% of the fund will be invested in active and/or passively managed collective investment schemes (which may include schemes operated by the ACD, associates or controllers of the ACD). The fund may also invest directly (maximum of 30%) in transferable securities, such as shares, bonds, investment trusts or structured products. |
| 4. Change to charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.50% |
| New AMC | 0.51% |
| Previous TER | 0.67% |
| New TER | 0.77% |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Margetts Fund Management Limited |
| Fund Name | MGTS Tempus Universal Portfolio |
| Type of change | Name, Objective & AMC Changes |
| Date change effective from | 28 January 2026 |
| Is the event subject to shareholder approval? | No |
| 2. Name change details | |
| Current Fund Name | New Fund Name |
| MGTS Tempus Universal Portfolio | MGTS Attivo Investments Diversified 50-60 |
| 3. Investment objectives | |
| Previous objective | To provide capital growth over any 5-year period. The fund will be actively managed and therefore the Investment Adviser will use their expertise to select investments, rather than tracking a stock exchange or index, to take advantage of changing worldwide economic conditions. A minimum of 70% of the portfolio will be invested in collective investment schemes (which may include schemes operated by the Investment Adviser, associates or controllers of the Investment Adviser), in any economic sector and any geographic area, across a wide range of assets. This includes shares, bonds, cash and near cash instruments. The fund may also invest directly (maximum of 30%) in shares, bonds, cash, near cash instruments, investment trusts, real estate investment trusts (REITs) and structured products which may embed derivatives. Overall exposure to shares, either held directly or indirectly through other assets such as collective investment schemes, will be a minimum of 40% and a maximum of 85%. |
| New objective | To provide capital growth, with the potential for income, over any 5-year period. This fund provides exposure to a blend of assets across any economic sector or geographical area. Exposure to shares can vary between 50% and 60%. The fund may include additional limited (maximum 10%) exposure to investments that are linked to alternative investments such as property and commodities, e.g. gold. The balance of exposure will be to bonds (which may include government, corporate, subinvestment grade and inflation linked) and cash. In the short-term (a period of less than one year), the allocation may deviate above or below the stated allocations by 5% of the fund’s total value. To provide the above exposure, a minimum of 70% of the fund will be invested in active and/or passively managed collective investment schemes (which may include schemes operated by the ACD, associates or controllers of the ACD). The fund may also invest directly (maximum of 30%) in transferable securities, such as shares, bonds, investment trusts or structured products. |
| 4. Change to charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.39% |
| New AMC | 0.51% |
| Previous TER | 0.76% |
| New TER | 0.77% |
Client correspondence
- MGTS Tempus Cautious - Name AMC Objective change - unbundled
- MGTS Tempus Defensive - Name AMC Objective change - unbundled
- MGTS Tempus Enterprise - Name AMC Objective change - unbundled
- MGTS Tempus Growth - Name AMC Objective change - unbundled
- MGTS Tempus Universal - Name AMC Objective change - unbundled