| Change Details | |
|---|---|
| Title | FIL Investment Services (UK) Limited |
| Type | Other events |
| Companies Impacted | Quilter Life & Pensions Limited, Quilter Investment Platform Limited |
| Effective Date | 05 September 2025 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | FIL Investment Services (UK) Limited |
| Fund Name | Fidelity China |
| Type of change | AMC, Objective & Investment Policy Changes |
| Date change effective from | 05/09/2025 |
| Is the event subject to shareholder approval? | Yes |
| 2. Investment objectives | |
| Previous objective & Investment Policy | New Objective & Investment Policy |
| To increase the value of your investment over a period of 5 years or more by investing at least 70% in equities (and their related securities) of companies domiciled, incorporated or having significant business in the Greater China region and those which are listed in the region related to the development, manufacture or sale of goods or services to Chinese consumers and aims to hold a concentrated portfolio of 30-50 securities. The Investment Manager is not restricted in terms of size or geographical split which could include investment in countries considered as emerging markets as determined by the Investment Manager at its sole discretion. The fund is actively managed. The Investment Manager identifies suitable opportunities for the fund utilising in-house research and investment capabilities. The Investment Manager will, when selecting investments for the fund and for the purposes of monitoring risk, consider the MSCI China Capped 10% Index (Net). This is to ensure the Investment Manager selects at least 70% stocks related to the China consumer theme. However, the Investment Manager has a wide degree of freedom relative to the index and may take larger, or smaller, positions in companies, and/or may invest outside the index, to take advantage of investment opportunities. This means the fund’s investments and therefore performance may vary significantly from the index. The fund may also invest in other transferable securities, collective investment schemes, money market instruments, cash and deposits and is also able to use derivatives for efficient portfolio management. |
To outperform the MSCI China Capped 10% (Net Total Return) Index over a period of 5 years and has the potential to increase the value of your investment by investing at least 80% in equities (and their related securities) of companies domiciled, incorporated or having significant business in the Greater China region and those which are listed in the region. The Investment Manager is not restricted in terms of size or geographical split The fund is actively managed using a “bottom-up” stock selection process. The fund also uses a systematic investment approach. This means that the Investment Manager constructs the portfolio using a disciplined risk-controlled approach. The Investment Manager will, when selecting investments for the fund and for the purposes of monitoring risk, consider the MSCI China Capped 10% Index (Net) and will have a limited degree of freedom relative to the benchmark. The fund may also invest in other transferable securities, collective investment schemes, money market instruments, cash and deposits and is also able to use derivatives for efficient portfolio management. |
| 3. Change to charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.75 |
| New AMC | 0.30 |
| Previous TER | 0.91 |
| New TER | 0.30 |