| Change Details | |
|---|---|
| Title | AXA Investment Managers UK Limited |
| Type | Other events |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 30 June 2025 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | AXA Investment Managers UK Limited |
| Fund Name | AXA ACT Green Short Duration Bond |
| Type of change | Name & Objective Change |
| Date change effective from | 30/06/2025 |
| Is the event subject to shareholder approval? | No |
| 2. Name change details | |
| Current Fund Name | New Fund Name |
| AXA ACT Green Short Duration Bond | AXA Green Short Duration Bond |
| 3. Investment objectives | |
| Previous objective | To provide income and capital growth over the medium term (being three years) and to invest in bonds which finance projects which will generate an environmental benefit, known as “green bonds”, by investing at least 75% of its Net Asset Value in “green bonds” issued by governments and companies anywhere in the world, with a bias towards corporate bonds. Investments will be made largely in more developed markets but may also be made in emerging markets. |
| New objective | To deliver both financial returns and a positive environmental outcome. The aim of this fund is to: (i) to provide income and capital growth over the medium term (being three years) (ii) to deliver a positive and measurable environmental impact through supporting the reduction in real world green-house-gas emissions (“GHG Emissions”) and the transition to a low-carbon economy (the “Outcome”). The fund will seek to deliver a positive measurable impact by: (a) by purchasing bonds financing projects that directly address one or more of the “Solutions” listed below (‘Asset Contribution’); and (b) actively engaging with and providing stewardship to companies that issue such bonds to accelerate their contribution to the Outcome and Solutions, (‘Investor Contribution’) Bonds such as these which are issued exclusively to finance projects addressing these and other environmental challenges are known as “Green Bonds”. The fund and the ACD, through both Asset Contribution and Investor Contribution, will allocate capital to and seek to support: a. Smart Energy Solutions: projects to enable energy efficiency and renewable energy solutions, with the aim of generating clean energy and/or reducing GHG emission from energy production and use; b. Low Carbon Transportation: projects that promote the development of greener forms of transportation and sustainable mobility, with the aim of reducing GHG emissions from the transportation sector; and/or c. Green Buildings: energy-efficient and environmentally sustainable construction and renovation projects, with the aim of accelerating the adoption of sustainable building practices and contributing to the development of green infrastructure that ultimately contributes to reducing GHG emissions. The fund will seek to avoid allocating capital to issuers and bonds whose projects and/or activities as a whole may have significant unintentional harms or negative impacts that undermine the positive impact of the fund seeks to achieve. The fund seeks to achieve its objective by investing at least 90% of its Gross Asset Value in publicly listed Green Bonds typically purchased in the secondary market issued by governments, supranational organisations and companies anywhere in the world which finance projects directly contributing to the Outcome and/or one or more of the Solutions. |