| Change Details | |
|---|---|
| Title | VT Downing Small & Mid-Cap Income |
| Type | Objective and policy changes |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 09 April 2026 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Valu-Trac Investment Management Limited |
| Fund Name | VT Downing Small & Mid-Cap Income |
| Type of change | Objective change |
| Date change effective from | 9 April 2026 |
| Is the event subject to shareholder approval? | No |
| 2. Investment objectives | |
| Previous objective | New Objective |
| To achieve a quarterly income, together with capital growth over the long term (5 years) by investing at least 80% in shares of small (those with a market capitalisation of less than £1 billion) and medium sized (those with a market capitalisation of less than £5 billion) companies which are domiciled in, have their head office located in, or (which if not established in the UK) exercise the significant part of their business in the UK and which the manager considers to have the ability to increase returns over time. | To achieve income, with the potential for capital growth over the long term (5+ years) by investing at least 80% in equities listed on UK markets (including the London Stock Exchange, AIM and the ICAP Securities and Derivatives Exchange (ISDX)). The investment manager will be seeking to invest in shares of small and medium sized companies which are listed in the UK and which the investment manager considers to have the ability to increase returns over time. The investment manager characterises small and medium- sized listed companies as those companies outside the largest 100 UK listed companies by market capitalisation. |