| Change Details | |
|---|---|
| Title | Royal London Unit Trust Managers Limited |
| Type | Other events |
| Companies Impacted | Quilter Life & Pensions Limited, Quilter Investment Platform Limited |
| Effective Date | 12 December 2025 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Royal London Unit Trust Managers Limited |
| Fund Name | Royal London Diversified Asset-Backed Securities |
| Type of change | Name & Objective Change |
| Date change effective from | 12/12/2025 |
| Is the event subject to shareholder approval? | No |
| 2. Name change details | |
| Current Fund Name | New Fund Name |
| Royal London Diversified Asset-Backed Securities | Royal London Diversified Asset-Backed Credit |
| 3. Investment objectives | |
| Previous objective | To achieve a positive absolute return in all market conditions over rolling 3-year periods, by predominantly investing in asset-backed securities and other sterling-denominated corporate bonds. The fund’s performance target is to outperform, before the deduction of charges, the Bank of England Sterling Overnight Interbank Average (SONIA) plus 2% per annum over rolling 3-year periods. This is the average overnight interest rate UK banks pay for unsecured transactions in sterling. The benchmark is considered suitable as it is consistent with how the Fund is managed in seeking to provide a “cash plus” performance outcome. |
| New objective | To achieve a positive absolute return in excess of the Bank of England Sterling Overnight Interbank Average (“SONIA”) by 2% per annum over rolling 3-year periods, before the deduction of charges. Notwithstanding that the fund aims to deliver a positive absolute return over rolling 3-year periods, any capital invested is, in fact, at risk and there is no guarantee that a positive absolute return is generated over such specified period, or over any period. |