Changes to Jupiter Distribution and Growth Fund

The following changes will be made to Jupiter Distribution and Growth Fund with effect from 7 September 2021:

1. a) the name of the fund will change to “Jupiter Multi-Asset Income and Growth Fund”;
2. b) the investment objective will be amended to remove the target benchmark of 75% FTSE All-Share, 12.5% BAML High Yield Bond index, 12.5% BAML Investment Grade Bond and replace it with a performance comparator of 25% FTSE All-Share, 50% MSCI World (unhedged), 12.5% ICE BAML Global Corporate Index (hedged to GBP), 12.5% ICE BAML Global HY Index (unhedged);
3. c) the investment policy will be amended to: a. reduce the minimum investment in shares of companies to 30%; b. remove the 10% limit on investments in other collective schemes; c. require a minimum of 25% in UK investments or hedged back to GBP; and d. allow the use of derivatives for investment purposes;
4. d) the level of gross leverage that the fund is not expected to exceed will increase from 0% to 450%;
5. e) the list of eligible markets in which the fund may invest will be updated; and
6. f) the annual management charge for all unit classes will be reduced by 0.10%.