EBI Vantage Earth Portfolio Fund Changes
What’s happening?
As part of a regular portfolio review, ebi will be replacing four funds in the portfolio with new funds developed by ebi and Amundi, Europe’s largest investment manager.
Current Fund | New Fund |
Arabesque Global ESG Momentum | AFH - ebi World Momentum Screened Factor |
GSI Global Aware Focused Value | AFH - ebi World IMI Value Screened Factor |
Northern Trust World Quality Low Volatility Select | AFH - ebi World Minimum Volatility Screened Factor |
Northern Trust World Small Cap Carbon          | AFH - ebi World Small Cap Screened Factor |
When is this happening?
The fund changes are expected to take place late 2025 or early 2026. ebi will confirm the exact date in advance, and we’ll update you once this information is available.
Why is this change happening?
ebi’s team of experienced investment professionals regularly reviews the portfolios to ensure they remain appropriate and well-positioned to meet their objectives.
Following a recent review, they are making changes designed to improve efficiency, diversification, and alignment with responsible investment practices.
Tax efficiency
The new funds have a more tax-efficient structure at the fund level. This may reduce the amount of tax the fund itself pays on income, which can improve overall efficiency over time. This benefit applies within the fund and does not affect your personal tax position.
Improved diversification
The changes also aim to reduce overlap between funds, helping to achieve broader diversification across different regions and sectors. Diversification can help reduce the impact of individual market movements, although it does not guarantee investment returns or protect against losses.
Enhanced ESG integration
The updated funds apply stronger and more transparent environmental, social and governance (ESG) screening. This means greater consideration is given to how companies manage issues such as climate impact, labour standards, and corporate governance. The intention is to help reduce exposure to businesses that may present long-term sustainability risks, while supporting a more responsible investment approach.
Will this affect costs?
The changes will result in a very small increase to the Ongoing Charges Figure (OCF) for the portfolio you are invested in.
The OCF represents the annual percentage cost of managing the underlying funds within your portfolio.
The information below shows the average OCF before and after the changes.
Earth Suite Portfolio | Current average OCF as of 30/09/25 | Average OCF following the fund changes |
Earth 100 | 0.254% | 0.256% |
Earth 90 | 0.237% | 0.239% |
Earth 80 | 0.220% | 0.221% |
Earth 70 | 0.203% | 0.204% |
Earth 60 | 0.186% | 0.187% |
Earth 50 | 0.169% | 0.170% |
Source: ebi, Amundi, and Morningstar Direct as at 31/08/2025
These costs are included in your investment charges; you do not need to make any payment or take any action.
For most investors, the change in cost will be less than 0.002%, which is minimal and not expected to have a noticeable effect on performance.
How will this impact you?
If your investments are held in a tax-sheltered account (such as an ISA or pension), these changes will not affect you.
If your investments are held outside a tax-sheltered account (for example, in a General Investment Account), switching funds may trigger a taxable event. This happens because changing funds involves selling your current investment and buying a new one. If the value of your investment has increased, Capital Gains Tax (CGT)Â may be due on the gain.
It’s important to remember that for investors in taxable accounts, CGT is a normal part of investing and only applies when investments are sold and have increased in value.