The following changes will be made to Jupiter Distribution Fund with effect from 7 September 2021:
- a) the name of the fund will change to “Jupiter Multi-Asset Income Fund”;
- b) the investment objective will be amended to: a. clarify that the fund aims to provide regular income; and b. remove the target benchmark of 25% FTSE All-Share, 37.5% BAML GBP 1-10 year corporate bond index, 37.5% BAML GBP 10-15 year corporate bond index and replace it with a performance comparator of 10% FTSE All-Share, 15% MSCI World (unhedged), 75% ICE BAML Global Corporate Index (hedged to GBP);
- c) the investment policy will be amended to: a. require a minimum of 60% to be invested in fixed income and/or cash/liquid investments and/or collective investment schemes which themselves invest mainly in fixed income securities; b. increase the limit that may be invested in high yield bonds to 25%; c. remove the 10% limit on investments in other collective schemes; d. require a minimum of 50% in UK investments or hedged back to GBP; and e. allow the use of derivatives for investment purposes;
- d) the level of gross leverage that the fund is not expected to exceed will increase from 0% to 450%;
- e) 100% of charges will be permitted to be deducted from capital (currently only 50% of the annual management charge and 100% of the other charges are deduced from capital); and
- f) the list of eligible markets in which the fund may invest will be updated.
We anticipate there will be portfolio transaction costs associated with making these changes of approximately 0.2% which will be borne by the fund.
|
Fund name |
SEDOL |
ISIN
|
|
Jupiter Distribution Fund I class (accumulation) |
B52HN04 |
GB00B52HN049 |
|
Jupiter Distribution Fund I class (income) |
B4WDT30 |
GB00B4WDT300 |
|
Jupiter Distribution Fund J class (accumulation) |
BJJQ4G5 |
GB00BJJQ4G52 |
|
Jupiter Distribution Fund J class (income) |
BJJQ4H6 |
GB00BJJQ4H69 |
|
Jupiter Distribution Fund L class (accumulation) |
3129418 |
GB0031294183 |
|
Jupiter Distribution Fund L class (income) |
3129429 |
GB0031294290 |