Notification of changes to the underlying funds of Quilter Investors funds
21 Feb 2024
L63 Quilter Investors Compass 3 Portfolio (USD)
L64 Quilter Investors Compass 3 Portfolio (GBP HDG)
L65 Quilter Investors Compass 3 Portfolio (SGD HDG)
L66 Quilter Investors Compass 4 Portfolio (USD)
L67 Quilter Investors Compass 4 Portfolio (GBP HDG)
L68 Quilter Investors Compass 4 Portfolio (SGD HDG)
(Together the “Affected Mirror Funds”)
We have been notified by the directors and the manager of Quilter Investors (the “Company”) of upcoming changes to Quilter Investors ICAV (the “Underlying ICAV”) which is the underlying fund umbrella of the underlying funds of the Affected Mirror Funds. These changes are expected to take effect from 2 April 2024 (the “Effective Date”).
Delegation of investment management and distribution functions of the Underlying ICAV
Following a recommendation from the investment manager of the Underlying ICAV, the Company intends to delegate the investment management and distribution functions of the Underlying ICAV to Quilter Cheviot Europe Limited (“QCEL”) a member of the Quilter plc group of companies. QCEL will therefore be taking on the role of the sub-investment manager and sub-distributor of the underlying funds of the Affected Mirror Funds from the Effective Date.
The Company consider that these changes will be beneficial to investors in the Underlying ICAV over the longer term.
Change of name for the Affected Mirror funds
In order to provide a better description of the underlying fund investment strategy, and to align with the name of the sub-investment manager and sub-distributor, the Company is also amending the name of the underlying funds of the Affected Mirror Funds.
The Company has advised that there will be no change to the investment objectives, policies or risk tolerances as a result of the change of names or of the delegation of the investment management and distribution functions to QCEL.
Accordingly, on the Effective Date we will be updating the names of the Affected Mirror Funds as follows:
Affected Mirror Fund name before Effective Date | Affected Mirror Fund name after Effective Date |
|---|---|
| L63 Quilter Investors Compass 3 Portfolio (USD) | L63 Quilter Cheviot International Balanced Portfolio (USD) |
| L64 Quilter Investors Compass 3 Portfolio (GBP HDG) | L64 Quilter Cheviot International Balanced Portfolio (GBP HDG) |
| L65 Quilter Investors Compass 3 Portfolio (SGD HDG) | L65 Quilter Cheviot International Balanced Portfolio (SGD HDG) |
| L66 Quilter Investors Compass 4 Portfolio (USD) | L66 Quilter Cheviot International Growth Portfolio (USD) |
| L67 Quilter Investors Compass 4 Portfolio (GBP HDG) | L67 Quilter Cheviot International Growth Portfolio (GBP HDG) |
| L68 Quilter Investors Compass 4 Portfolio (SGD HDG) | L68 Quilter Cheviot International Growth Portfolio (SGD HDG) |
Should you have any questions regarding these changes, please contact the Investment Marketing Team.
