| Change Details | |
|---|---|
| Title | Valu-Trac Investment Management Limited |
| Type | Other events |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 18 December 2025 |
| Change Details | AMC, Name, Objective & Distribution changes |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Valu-Trac Investment Management Limited |
| Fund Name | VT Avastra Global Equity |
| Type of change | AMC, Objective and Distribution Changes |
| Date effective from | 18 December 2025 |
| Is the event subject to shareholder approval? | No |
| 2. Change to charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.35% |
| New AMC | 0.38% |
| Previous TER | 0.64% |
| New TER | 0.68% |
| 3. Objective Change | |
| Previous Objective | New Objective |
| To achieve capital growth over the medium to long term (5-7 years) by investing at least 80% of its portfolio in a combination of global equities and units in collective investment schemes which themselves hold direct equity or equity related instruments. The fund may also invest, at the ACD's discretion, in other transferable securities (including structured products), money market instruments, cash and near cash and deposits to meet the investment objective. Use may also be made of stock lending and borrowing. Foreign currency exposure may be hedged back to the base currency. The fund may hold derivatives for investment purposes as well as for efficient portfolio management purposes. It is not intended that the use of derivatives in this way will change the risk profile of the fund. |
To achieve capital growth (net of fund costs) over the long-term (10 years). ▪ The fund aims to achieve its objective predominantly (at least 80%) through exposure (directly and/or indirectly) to shares in companies (equities) covering a range of global equity markets. ▪ The fund can gain this exposure by holding shares directly, or indirectly through investing in units in other funds (including both actively managed and index tracking equity funds), exchange traded funds and investment trusts. This may include investment in other funds managed by the Authorised Corporate Director, Investment Manager or its sub-advisors. ▪ The fund may also have direct or indirect exposure to other assets (i.e. bonds, money market instruments, deposits, cash and near cash) for portfolio construction, risk control or liquidity management purposes. ▪ The fund is actively managed which means the Investment Manager decides which investments to buy or sell and when. ▪ The fund can use derivatives or forward transactions (instruments whose returns are linked to another asset, market, index or other variable factor), for efficient portfolio management purposes including the reduction of risk (hedging). ▪ The fund may also invest in other funds which are permitted to use derivatives to varying degrees (i.e. for investment purposes or EPM). ▪ The fund may hold up to 20% in cash to enable the settlement of liabilities redemptions for active asset allocation purposes and for the efficient liquidity management of the fund. ▪ The fund is not restricted by market capitalisation, geographical regions, or sectors. |
| 4. Distribution Change | |
| Frequency | |
| Semi Annual | Annual |
| Payment Date(s) | |
| 30 Apr / 31 Oct | 31-Mar |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Valu-Trac Investment Management Limited |
| Fund Name | VT Avastra Global Alternatives |
| Type of change | AMC, Name, Objective and Distribution Changes |
| Date effective from | 18 December 2025 |
| Is the event subject to shareholder approval? | No |
| 2. Name change details | |
| Current Fund Name | New Fund Name |
| VT Avastra Global Alternatives | VT Avastra Global Diversified Assets |
| 3. Change to charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.35% |
| New AMC | 0.38% |
| Previous TER | 0.63% |
| New TER | 0.67% |
| 4. Objective Change | |
| Previous Objective | New Objective |
| To achieve capital growth over the medium term (5 years) by investing in a range of collective investment schemes, money market instruments, transferable securities (including structured products) and derivative instruments in order to gain indirect exposure to property, commodities, hedge funds, currency funds and convertible bonds. The portfolio will be actively managed and will normally remain fully invested unless there is significant volatility in other asset markets or asset valuations are not attractive. There will, however, be no restrictions on the underlying investments held, in terms of investment type, geographical or economic sector and the fund manager has the absolute discretion to weight the portfolio towards any investment type or sector, including cash, at any time. Borrowing will be permitted up to the levels stated in the Regulations. Foreign currency exposure may be hedged back to the base currency. The fund may hold derivatives for investment purposes as well as for efficient portfolio management purposes. It is not intended that the use of derivatives in this way will change the risk profile of the fund. |
To deliver positive (absolute) returns (net of fund costs) (in a rolling 3-year period) in any market conditions. Capital is at risk and there is no guarantee that positive returns will be achieved over a three year, or any, period. The fund is actively managed and will invest, without preset limits, across a broad range of asset classes, geographies, and investment strategies. The fund will normally be fully invested but may hold substantial cash or near cash when market conditions (such as significant volatility or unattractive asset valuations) warrant a more defensive stance. The fund will invest (directly or indirectly) in collective investment schemes (including exchange traded funds and investments trusts), transferable securities (including structured products), and money market instruments, deposits and cash. Through these investments, the fund will gain direct or indirect exposure to a wide range of asset classes and strategies, including: property related securities, infrastructure related securities, commodities (exposure will be gained through eligible instruments), precious metals (exposure will be gained through eligible instruments), hedge funds, targeted absolute return funds, currency strategies, equities, fixed-income, convertible bonds and other diversified return drivers. The fund may also invest in listed securities providing indirect exposure to private markets and other non-traditional asset classes, subject to UCITS investment restrictions. There are no restrictions on the type of investments held, or on geographic or sector exposure. The fund manager retains discretion to adjust allocations as required, including holding cash and near cash assets. Foreign currency exposure may be hedged back to the base currency. The fund can use derivatives or forward transactions (instruments whose returns are linked to another asset, market or other variable factor), for efficient portfolio management (EPM) purposes including the reduction of risk (hedging). The fund may also invest in other funds which are permitted to use derivatives to varying degrees (i.e. for investment purposes or EPM). |
| 5. Distribution Change | |
| Frequency | |
| Semi Annual | Annual |
| Payment Date(s) | |
| 30 Apr / 31 Oct | 31-Mar |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Valu-Trac Investment Management Limited |
| Fund Name | VT Avastra Global Fixed Income |
| Type of change | AMC, Objective and Distribution Changes |
| Date effective from | 18 December 2025 |
| Is the event subject to shareholder approval? | No |
| 2. Change to charging structure | |
| Unbundled Fund | |
| Previous AMC | 0.35% |
| New AMC | 0.38% |
| Previous TER | 0.62% |
| New TER | 0.68% |
| 3. Objective Change | |
| Previous Objective | New Objective |
| To achieve income whilst protecting capital wherever possible by investing at least 80% of its portfolio in a combination of global fixed income securities and units in collective investment schemes which themselves hold direct fixed income or fixed income related instruments. The fund may also invest, at the ACD's discretion, in other transferable securities (including structured products), money market instruments, cash and near cash, deposits, fixed income exchange traded funds, government or corporate bonds, and/or fixed income structured products. Use may also be made of stock lending and borrowing. Foreign currency exposure may be hedged back to the base currency. The fund may hold derivatives for investment purposes as well as for efficient portfolio management purposes. It is not intended that the use of derivatives in this way will change the risk profile of the fund. |
To achieve an income with the potential for capital growth (net of fund costs) over the medium-term (rolling 5-year periods). ▪ The fund aims to achieve its objective predominantly (at least 80%) through exposure (directly and/or indirectly) to bonds (which are fixed income paying debt securities typically issued by companies and governments which have an obligation to pay regular interest income as well as repay the original capital to the investor at the bond’s maturity). ▪ The fund may have exposure to investment grade bonds (where the issuer has a higher capacity to repay the debt), as well as sub-investment grade bonds (where the issuer has a lower capacity to repay the debt but typically pays a higher rate of interest). ▪ The fund can gain this exposure directly through holding bonds, or indirectly through investing in shares or units in other funds (including both actively managed and index-tracking bond funds), exchange traded funds and investment trusts. This may include investment in other funds managed by the Authorised Corporate Director, Investment Manager or its subadvisors. ▪ The fund may also have direct or indirect exposure to other assets (i.e. money market instruments, deposits, cash and near cash) for portfolio construction, risk control or liquidity management purposes. ▪ The fund is actively managed which means the Investment Manager decides which investments to buy or sell and when. ▪ Investments can cover a range of global markets, however foreign currency exposure may be hedged back to sterling either directly or by using sterling-hedged share classes in other funds. ▪ The fund can use derivatives or forward transactions (instruments whose returns are linked to another asset, market, index or other variable factor), for efficient portfolio management purposes including the reduction of risk (hedging). ▪ The fund may hold up to 20% in cash to enable the settlement of liabilities redemptions, for active asset allocation purposes and for the efficient liquidity management of the fund. |
| 4. Distribution Change | |
| Frequency | |
| Quarterly | Quarterly |
| Payment Date(s) | |
| 30 April / 31 July / 31 October / 31 January | 31 March / 30 June / 30 September / 31 December |