| Change Details | |
|---|---|
| Title | Valu-Trac Investment Management Limited |
| Type | Other events |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 01 April 2025 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Valu-Trac Investment Management Limited |
| Fund Name | VT Asset Intelligence Defensive |
| Type of change | Objective and AMC |
| Date change effective from | 01/04/2025 |
| Is the event subject to shareholder approval? | No |
| 2. Investment objectives | |
| Previous objective | New Objective |
| To deliver total returns (comprised of income and capital growth) over the long term (7 years) (net of fees and underlying fund charges) by investing predominantly (at least 80%) in range of collective investment vehicles (including exchange traded funds and funds managed and/or operated by the ACD, Investment Manager or sub-advisor) providing exposure to a variety of asset classes, primarily (at least 70%) bonds and other debt securities issued by governments (and associated agencies) as well as by companies but also equities. | To achieve capital growth over a medium term investment horizon (5 years) by pursuing an actively managed, globally diversified investment strategy. The Investment Manager will employ a combination of active and passive underlying investment instruments to achieve a balance of capital preservation with growth potential, largely through exposure to bonds and other lower volatility assets, while maintaining flexibility to invest in a diversified range of asset classes globally. The fund will have exposure of between 45-100% to bonds and 0-35% to global equities. |
| 3. Change to charging structure | |
| Unbundled Fund -U | |
| Previous AMC | 0.95% |
| New AMC | 0.80% |
| Previous TER | 1.29% |
| New TER | 1.06% |
| Unbundled Fund -U3 | |
| Previous AMC | 0.70% |
| New AMC | 0.55% |
| Previous TER | 1.04% |
| New TER | 0.79% |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Valu-Trac Investment Management Limited |
| Fund Name | VT Asset Intelligence Growth |
| Type of change | Objective and AMC |
| Date change effective from | 01/04/2025 |
| Is the event subject to shareholder approval? | No |
| 2. Investment objectives | |
| Previous objective | New Objective |
| To achieve capital growth over the long term (7 years) whilst also providing some income by investing predominantly (at least 80%) in collective investment vehicles (including funds managed and/or operated by the ACD, Investment Manager or sub- advisor)) which provide exposure to a variety of assets but mainly (i) equities; and (ii) debt securities (investment grade and sub- investment grade). Equity exposure within the portfolio (which is indirect) is typically expected to be around 80- 90%. | To achieve capital growth over a long-term investment horizon (7 years) by pursuing an actively managed, globally diversified investment strategy. The Investment Manager will employ a combination of active and passive underlying investment instruments to achieve growth. The fund will have exposure of between 40-85% to global equities and 0-35% to bonds. |
| 3. Change to charging structure | |
| Unbundled Fund -U | |
| Previous AMC | 0.95% |
| New AMC | 0.80% |
| Previous TER | 1.35% |
| New TER | 1.24% |
| Unbundled Fund -U3 | |
| Previous AMC | 0.70% |
| New AMC | 0.55% |
| Previous TER | 1.10% |
| New TER | 0.97% |