| Change Details | |
|---|---|
| Title | Thesis Unit Trust Management Limited |
| Type | Other events |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 06 June 2025 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Thesis Unit Trust Management Limited |
| Fund Names | TM UBS (UK) Balanced TM UBS (UK) Global Balanced TM UBS (UK) Global Growth TM UBS (UK) Global Yield TM UBS (UK) Growth TM UBS (UK) Income Focus |
| Type of change | Investment policy & OCF Change |
| Date effective from | 06/06/2025 |
| Is the event subject to shareholder approval? | No |
| 2. Change to charging structure | |
| TM UBS (UK) Global Balanced | GB00BCV7T629 |
| Previous OCF | 1.27% |
| New OCF | 1.17% |
| TM UBS (UK) Global Yield | GB00BCV7SY35 |
| Previous OCF | 1.26% |
| New OCF | 1.21% |
| TM UBS (UK) Growth | GB00BCV7SR67 |
| Previous OCF | 1.12% |
| New OCF | 1.04% |
| 3. Investment objectives | |
| Previous objective | New Objective |
| TM UBS (UK) Balanced | |
| The fund’s exposure will be mainly to equities and bonds (at least 60%). The equity and bond allocations will each have exposure to the UK. Equity exposure will typically be between 34–64% of which, 17-42% of the fund will be in UK equities (defined as companies incorporated, domiciled or with a significant proportion of their business in the UK) and bond exposure will typically be between 31- 61%. All bond allocations will be UK bonds issued in sterling or global bonds either issued in or hedged back to sterling. The above exposure will be gained mainly (60% or more) through the use of collective investment vehicles (including those managed or operated by the ACD or its associate). All other exposure will be attained from direct investments. At the Investment Manager’s discretion, the fund may also invest in other transferable securities, money market instruments, cash and near cash. It is not intended that the fund invests in derivative instruments. The fund will be actively managed which means the Investment Manager decides which investments to buy and sell, and when. |
The fund’s exposure will be mainly to equities and bonds (at least 60%). The equity and bond allocations will each have exposure to the UK. Equity exposure will typically be between 40–70% of which, 5-35% of the fund will be in UK equities (defined as companies incorporated, domiciled or with a significant proportion of their business in the UK) and bond exposure will typically be between 25- 55%. All bond allocations will be UK bonds issued in sterling or global bonds either issued in or hedged back to sterling. The above exposure will be gained mainly (60% or more) through the use of collective investment vehicles (including those managed or operated by the ACD or its associate). All other exposure will be attained from direct investments. At the Investment Manager’s discretion, the fund may also invest in other transferable securities, money market instruments, cash and near cash. It is not intended that the fund invests in derivative instruments. The fund will be actively managed which means the Investment Manager decides which investments to buy and sell, and when. |
| TM UBS (UK) Growth | |
| The fund’s core exposure will be to equities and bonds with an emphasis on equities. The equity and bond allocations will each have exposure to the UK. Equity exposure will typically be between 56-86 %, of which, 30-55% of the fund will be in UK equities (defined as companies incorporated, domiciled or with a significant proportion of their business in the UK) and bond exposure will typically be between 9-39%. All bond allocations will be UK bonds issued in sterling or global bonds either issued in or hedged back to sterling. The above exposure will be gained mainly (60% or more) through the use of collective investment vehicles (including those managed or operated by the ACD or its associate). All other exposure will be attained from direct investments. At the Investment Manager’s discretion, the fund may also invest in other transferable securities, money market instruments, cash and near cash. It is not intended that the fund invests in derivative instruments. The fund will be actively managed which means the Investment Manager decides which investments to buy and sell, and when. |
The fund’s core exposure will be to equities and bonds with an emphasis on equities. The equity and bond allocations will each have exposure to the UK. Equity exposure will typically be between 60-90%, of which, 10-40% of the fund will be in UK equities (defined as companies incorporated, domiciled or with a significant proportion of their business in the UK) and bond exposure will typically be between 5-35%. All bond allocations will be UK bonds issued in sterling or global bonds either issued in or hedged back to sterling. The above exposure will be gained mainly (60% or more) through the use of collective investment vehicles (including those managed or operated by the ACD or its associate). All other exposure will be attained from direct investments. At the Investment Manager’s discretion, the fund may also invest in other transferable securities, money market instruments, cash and near cash. It is not intended that the fund invests in derivative instruments. The fund will be actively managed which means the Investment Manager decides which investments to buy and sell, and when. |
| TM UBS (UK) Income Focus | |
| The fund’s core exposure will be to income producing equities and bonds (at least 60%) with more of an emphasis on equity income. The equity and bond allocations will each have exposure to the UK. Equity exposure will typically be between 46-76%, of which 36-62% of the fund will be in UK equities (defined as companies incorporated, domiciled or with a significant proportion of their business in the UK) and bond exposure will typically be between 19-49%. All bond allocations will be UK bonds issued in sterling or global bonds either issued in or hedged back to sterling. The above exposure will be gained through any combination of collective investment vehicles (including those managed or operated by the ACD or its associate) and direct investments, which may fluctuate depending on the market conditions and opportunities available. At the Investment Manager’s discretion, the fund may also invest in other transferable securities, money market instruments, cash and near cash. It is not intended that the fund invests in derivative instruments. The fund will be actively managed which means the Investment Manager decides which investments to buy and sell, and when. The fund uses a composite benchmark comprised of the Investment Association UK Equity Income (60%), the Investment Association Sterling Corporate Bond (25%) and the Investment Association UK Gilts (15%) for performance comparison purposes only. This benchmark is not a target and the fund is not constrained by it. These peer groups have been selected as a composite comparator for performance because the way in which the fund is managed as defined in the fund’s investment policy is most closely aligned to the description of these Investment Association sectors, and is therefore an appropriate comparator for the fund’s performance. |
The fund’s core exposure will be to income producing equities and bonds (at least 60%) with more of an emphasis on equity income. The equity and bond allocations will each have exposure to the UK. Equity exposure will typically be between 40-70%, of which 25-55% of the fund will be in UK equities (defined as companies incorporated, domiciled or with a significant proportion of their business in the UK) and bond exposure will typically be between 25-55%. All bond allocations will be UK bonds issued in sterling or global bonds either issued in or hedged back to sterling. The above exposure will be gained through any combination of collective investment vehicles (including those managed or operated by the ACD or its associate) and direct investments, which may fluctuate depending on the market conditions and opportunities available. At the Investment Manager’s discretion, the fund may also invest in other transferable securities, money market instruments, cash and near cash. It is not intended that the fund invests in derivative instruments. The fund will be actively managed which means the Investment Manager decides which investments to buy and sell, and when. The fund uses a composite benchmark comprised of the Investment Association UK Equity Income (35%), the Investment Association Global (15%), the Investment Association Sterling Corporate Bond (30%) and the Investment Association UK Gilts (20%) for performance comparison purposes only. This benchmark is not a target and the fund is not constrained by it. These peer groups have been selected as a composite comparator for performance because of the way in which the fund is managed as defined in the fund’s investment policy is most closely aligned to the description of these Investment Association sectors, and is therefore an appropriate comparator for the fund’s performance. |
| TM UBS (UK) - Global Balanced | |
| The fund’s main exposure will be to bonds (31-61%) and equities (34-64%), across any geographical sector. All bond allocations will be in sterling or sterling hedged instruments. The above exposure will be gained primarily (70% or more) through the use of collective investment vehicles (including those managed or operated by the ACD or its associate). All other exposure will be attained from direct investments. At the Investment Manager’s discretion, the fund may also invest in other transferable securities, money market instruments, cash and near cash. The fund will be actively managed which means the Investment Manager decides which investments to buy and sell, and when. |
The fund’s main exposure will be to bonds (25-55%) and equities (40-70%), across any geographical sector. All bond allocations will be in sterling or sterling hedged instruments. The above exposure will be gained primarily (70% or more) through the use of collective investment vehicles (including those managed or operated by the ACD or its associate). All other exposure will be attained from direct investments. At the Investment Manager’s discretion, the fund may also invest in other transferable securities, money market instruments, cash and near cash. The fund will be actively managed which means the Investment Manager decides which investments to buy and sell, and when. |
| TM UBS (UK) - Global Growth | |
| The fund’s exposure will be to global equities and bonds with an emphasis on global equities (56- 86%) and to a lesser extent bonds (9-39 %), across any geographical sector. All bond allocations will be in sterling or sterling hedged instruments. The above exposure will be gained primarily (70% or more) through the use of collective investment vehicles (including those managed or operated by the ACD or its associate). All other exposure will be attained from direct investments. At the Investment Manager’s discretion, the fund may also invest in other transferable securities, money market instruments, cash and near cash. The fund will be actively managed which means the Investment Manager decides which investments to buy and sell, and when. |
The fund’s exposure will be to global equities and bonds with an emphasis on global equities (60- 90%) and to a lesser extent bonds (5-35%), across any geographical sector. All bond allocations will be in sterling or sterling hedged instruments. The above exposure will be gained primarily (70% or more) through the use of collective investment vehicles (including those managed or operated by the ACD or its associate). All other exposure will be attained from direct investments. At the Investment Manager’s discretion, the fund may also invest in other transferable securities, money market instruments, cash and near cash. The fund will be actively managed which means the Investment Manager decides which investments to buy and sell, and when. |
| TM UBS (UK) - Global Yield | |
| The fund’s core exposure will be to bonds (49-79%) and equities (between 16 and 46%), with more of an emphasis on bonds, and in each case across any geographical sector. The above exposure will be gained primarily (70% or more) through the use of collective investment vehicles (including those managed or operated by the ACD or its associate). All other exposure will be attained from direct investments. All bond allocations will be in sterling or sterling hedged instruments. At the Investment Manager’s discretion, the fund may also invest in other transferable securities, money market instruments, cash and near cash. The fund will be actively managed which means the Investment Manager decides which investments to buy and sell, and when. |
The fund’s core exposure will be to bonds (45-75%) and equities (between 20 and 50%), with more of an emphasis on bonds, and in each case across any geographical sector. The above exposure will be gained primarily (70% or more) through the use of collective investment vehicles (including those managed or operated by the ACD or its associate). All other exposure will be attained from direct investments. All bond allocations will be in sterling or sterling hedged instruments. At the Investment Manager’s discretion, the fund may also invest in other transferable securities, money market instruments, cash and near cash. The fund will be actively managed which means the Investment Manager decides which investments to buy and sell, and when. |