| Change Details | |
|---|---|
| Title | IFSL Marlborough Global Bond |
| Type | Other events |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 03 July 2025 |
| Change Details | Investment objective & policy change |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Investment Fund Services Limited (IFSL) |
| Fund Name | IFSL Marlborough Global Bond |
| Type of change | Investment objective & policy change |
| Date change effective from | 03/07/2025 |
| Is the event subject to shareholder approval? | Yes |
| 2. Investment objectives | |
| Previous investment objective & policy | New investment objective & policy |
| To provide both income, that is money paid out from an investment as interest, and capital growth, that is to increase the value of your investment. The fund aims to outperform the average of the IA Global Mixed Bond sector over any 5 year period, after any charges have been taken out of the fund. There is no certainty that either aim of the fund will be achieved. The fund is actively managed which means the Investment Manager decides which investments to buy or sell, and when. At least 80% of the fund will be invested in bonds. This will include bonds issued by companies, governments, and institutions. Investments will include both investment grade bonds, which are loans issued by entities that have a high capacity to repay the debt, as well as sub-investment grade bonds which can be more vulnerable to changing economic conditions. The fund may also invest in shares (including preference shares and permanent interest bearing shares), bonds which may be converted into shares (known as convertible bonds) and money market instruments (short term loans typically issued by governments and corporations). The fund invests in a diversified portfolio of securities and has no constraints in relation to country or industry. The fund may hold up to 20% in cash to enable the ready settlement of liabilities (including the redemption of units), for the efficient management of the portfolio or in pursuit of the fund’s investment objective. The fund may use derivatives (instruments whose returns are linked to another asset, market or other variable factor) in order to reduce currency risk in the fund, also known as hedging, and for investment purposes, in order to help the fund meet its investment objective. From time to time, the fund may also use derivatives to manage interest rate risk in the fund. The fund will not always hold these instruments however at times they may be held for extended periods. |
To increase the value of an investment over a minimum of 5 years. The fund will do this through a combination of income received by the fund, which is money paid out of investments as interest, and capital growth, which is profit on investments held. The fund aims to outperform the Bloomberg Global Aggregate Index (GBP) over any 5-year period, after any charges or expenses have been taken out of the fund. There is no certainty that either aim of the fund will be achieved. The fund is actively managed which means the Investment Manager decides which investments to buy or sell, and when. At least 80% of the fund will be invested in bonds. This will include bonds issued by companies, governments, and institutions. Investments will include both investment grade bonds, which are loans issued by entities that have a high capacity to repay the debt, as well as sub-investment grade bonds which can be more vulnerable to changing economic conditions. The fund may also invest in shares (including preference shares and permanent interest bearing shares), bonds which may be converted into shares (known as convertible bonds) and money market instruments (short term loans typically issued by governments and corporations). The fund invests in a diversified portfolio of securities and has no constraints in relation to country or industry. From time to time the fund may also hold other funds, which could include funds managed by the Manager, the Investment Manager, or one of their associates, although this will not exceed 10%. The fund may hold up to 20% in cash to enable the ready settlement of liabilities (including the redemption of units), for the efficient management of the portfolio or in pursuit of the fund’s investment objective. The fund may use derivatives (instruments whose returns are linked to another asset, market or other variable factor) in order to reduce currency risk in the fund, also known as hedging, and for investment purposes, in order to help the fund meet its investment objective. From time to time, the fund may also use derivatives to manage interest rate risk in the fund. |