Significant Fund Changes

Please read this important information regarding important changes we have made, or are planning to make to our Fund Range.

For the Scheme of Arrangements, please note these changes do not impact GBP share classes.

The current KIID document and prospectuses have not been updated to reflect the changes listed below, so it is important that you read this information in addition to the KIID documents.

 

Investment objective and policy updates

We have recently reviewed the information available to investors about our UK-based OEIC (open-ended investment company) funds and, as a result, we’re updating a number of our fund investment objectives and policies. This will provide investors with additional information regarding our investment approach. These updates will take effect from 7 August 2019.

Corporate letter

Q&A

Important changes to the Threadneedle UK Corporate Bond Fund

From 31 August 2019, we are making changes to the name and investment objective and policy of the Threadneedle UK Corporate Bond Fund. The changes include:

  • Changing its name to Threadneedle Sterling Corporate Bond Fund
  • Broadening and clarifying the wording used to describe the investment objective and policy

Corporate letter

Q&A

Important changes to the Threadneedle Dynamic Real Return Fund

From 1 August 2019, we are making changes to the Threadneedle Dynamic Real Return Fund. The changes include broadening and clarifying the wording used to describe the investment objective and policy of the Fund.

Corporate letter

Q&A

Changes to the Threadneedle Managed Funds range

From the 5 August 2019, we are making changes to the Threadneedle Managed Funds range:

  • Threadneedle Managed Bond Fund
  • Threadneedle Managed Bond Focused Fund
  • Threadneedle Managed Equity & Bond Fund
  • Threadneedle Managed Equity Focused Fund
  • Threadneedle Managed Equity Fund

The change involves some amendments to the wording of the objective and policy of the Funds to provide more clarity of how the funds are invested. Also, each of the Funds will show comparator benchmarks that can be used to measure their performance.

Corporate letter

Q&A

Significant Fund Changes: Absolute Return Bond Fund

We are closing the Threadneedle Absolute Return Bond Fund on the 26 July 2019.

The Fund is being closed due to its relatively small size. The Fund’s assets have fallen to a level which makes it economically unviable to manage. We believe the closure is in the best interests of investors. To this end, we will be closing the fund on the 26 July 2019 (the Effective Date) and dealing in the Fund will be suspended from 12.01pm on 23 July 2019.

Please see the Shareholder Notification and Q&A for further details.

Corporate letter

Q&A

 

Significant Fund Changes: Ethical UK Equity Fund

From the 1 July 2019, we are making changes to the Ethical UK Equity Fund. The changes are:

  • An amendment to the investment objective and policy to reflect the Fund’s positive focus on sustainability and to clarify how the Fund is managed;
  • Change of Fund name to “UK Sustainable Equity Fund” to reflect the changes to the objective and policy;
  • Change of benchmark to the FTSE All Share index.

Corporate letter

Brochure

Sustainable Investment Guidelines

Q&A

Significant Fund Changes: UK Overseas Earnings Fund

From the 1 July 2019, we are making changes to the name and the investment objective and policy of the UK Overseas Earnings Fund. The changes include:

  • Changing its name to UK Equity Opportunities Fund
  • Broadening and clarifying the wording used to describe the investment objective and policy and includes the addition of the performance benchmark for the purposes of performance comparison.

Corporate letter

Q&A

Important changes to the Threadneedle UK Property Authorised Investment Fund and the Threadneedle UK Property Authorised Trust

We have written to investors in the Threadneedle UK Property Authorised Investment Fund and the Threadneedle UK Property Authorised Trust, to let them know that with effect from 12/04/2019, the Funds will change from being dual priced on a quoted-spread basis to being dual priced on a full-spread basis. Further information can be found below.

Corporate letter

Property Pricing Exlained

Important information about the Threadneedle Japan Fund

We would like to inform you that due to a ten-day ‘Golden Week’ holiday period in Japan this year, non-dealing days will be declared on the Threadneedle Japan Fund from Friday 26 April until Monday 6 May 2019 inclusive. This means that investors will be unable to buy, sell, ISA transfer or switch shares in the Fund during this period until it reopens for dealing on Tuesday 7 May 2019. Further information can be found below.

Investor letter

Co-management and Delegation Arrangements

From the 21 May 2019, we are making changes to the TIF Asia Fund, TSIF China Opportunities Fund and TSIF Global Emerging Markets Equity Fund.

The Funds are currently managed by Threadneedle Asset Management Limited (TAML), the investment manager of the Funds. The changes are as follows:

  • Threadneedle Asia Fund and Threadneedle China Opportunities Fund (co-management)
    TAML will delegate some of its investment decisions to Threadneedle Investments Singapore (Pte.) Limited (TIS) for the Threadneedle Asia Fund and Threadneedle China Opportunities Fund. This will allow both co-managers and deputy managers from the Singapore office for these funds working in collaboration with TAML appointed fund managers.
  • Threadneedle Global Emerging Markets Equity Fund
    Columbia Management Investment Advisers, LLC (CMIA) will become the investment manager for the Threadneedle Global Emerging Markets Equity Fund. TAML will no longer be the investment manager but will continue to provide investment advice and recommendations in relation to the Fund. This change will allow both lead and deputy managers from the US offices for this Fund.

Adviser letter

Q&A

Important changes to the Threadneedle Sterling Fund

In accordance with new European regulations, we have received authorisation from the Financial Conduct Authority, for the Threadneedle Sterling Fund to be categorised as a Short-Term VNAV Money Market Fund. To reflect the Fund’s new status, we will be making the following changes to the Fund, with effect from 1 May 2019.

  • Changing its name to “Threadneedle Sterling Short-Term Money Market Fund”.
  • Broadening and clarifying the wording used to describe the investment policy; including addition of the performance benchmark for the purposes of performance comparison.

Adviser letter

Q&A

Threadneedle American Select Fund OEIC

From the 15 April 2019, we are making changes to the investment objective and policy of the Threadneedle American Select Fund. The new wording will make clear that at least 75% of the Fund will be invested in companies based specifically in the United States (US), or with significant US business operations. At the same time, the management team will be able to invest up to 25% of the Fund in companies outside the US.

Adviser letter

Q&A

Scheme of arrangement: The Lux funds

We recently informed you that we will transfer the assets of certain share classes of the below listed UK-based funds into an equivalent fund within our established Luxembourg fund range. Please note these changes do not impact GBP share classes.

  • American Extended Alpha Fund
  • Asia Fund
  • Global Extended Alpha Fund
  • Global Select Fund
  • UK Absolute Alpha Fund

We are pleased to confirm that the transfers have now been successfully completed. Further information can be found below.

Corporate letter

Q&A

Scheme of Arrangement EGM update

We recently informed you of our proposal to transfer the assets of certain share classes of the below listed UK-based funds into an equivalent fund within our established Luxembourg fund range. Following the shareholder vote at the extraordinary general meetings held on 12 December 2018, we can confirm that the proposed transfers have now been approved.

  • American Extended Alpha Fund
  • Asia Fund
  • Global Extended Alpha Fund
  • Global Select Fund
  • UK Absolute Alpha Fund

Corporate letter

Q&A

Scheme of arrangement: The Lux funds

We recently informed you that we will transfer the assets of certain share classes of the below listed UK-based funds into an equivalent fund within our established Luxembourg fund range. Please note these changes do not impact GBP share classes.

  • American Smaller Companies Fund (US)
  • European Smaller Companies Fund
  • Global Emerging Markets Equity Fund
  • Global Equity Income Fund

We are pleased to confirm that the transfers have now been successfully completed. Further information can be found below.

Corporate letter

Q&A

Scheme of arrangement: The Lux Funds

We recently informed you that we will transfer the assets of certain share classes of the below listed UK-based funds into an equivalent fund within our established Luxembourg fund range. Please note these changes do not impact GBP share classes.

  • American Fund
  • American Select Fund
  • European Select Fund
  • UK Equity Income Fund
  • UK Fund

We are pleased to confirm that the transfers have now been successfully completed. Further information can be found below.

Corporate letter

Q&A

Transfer of customer assets (Scheme of arrangement)

We have written to investors about a proposed change to the following funds.

  • American Extended Alpha Fund
  • Asia Fund
  • Global Extended Alpha Fund
  • Global Select Fund
  • UK Absolute Alpha Fund

We are planning to transfer the assets of investors in certain share classes of each fund listed above into an equivalent share class within our established Luxembourg fund range. Please note these changes do not impact GBP share classes.

The transfers will be made by a process called a scheme of arrangement.

Find out more

Scheme of Arrangement EGM update

We recently informed you of our proposal to transfer the assets of certain share classes of the below listed UK-based funds into an equivalent fund within our established Luxembourg fund range. Please note these changes do not impact GBP share classes.

  • American Smaller Companies Fund (US)
  • European Smaller Companies Fund
  • Global Emerging Markets Equity Fund
  • Global Equity Income Fund

Following the shareholder vote at the extraordinary general meetings, the results of the vote are detailed in the investor letter below.

Corporate letter

Q&A

Cross-border Mergers: Threadneedle Credit Opportunities Fund

We recently informed you that we will transfer the assets of the Threadneedle Credit Opportunities Fund into Threadneedle (Lux) - Credit Opportunities, an equivalent fund within our established Luxembourg fund range. We are pleased to confirm that the transfer was successfully completed on 20 October 2018. Further information can be found below.

Corporate letter

Q&A

Scheme of Arrangement EGM update

We recently informed you of our proposal to transfer the assets of certain share classes of the below listed UK-based funds into an equivalent fund within our established Luxembourg fund range. Please note these changes do not impact GBP share classes.

Following the shareholder vote at the extraordinary general meetings held on 10 October 2018, we can confirm that the proposed transfers have now been approved.

  • American Fund
  • American Select Fund
  • European Select Fund
  • UK Equity Income Fund
  • UK Fund

We will be communicating with all impacted clients and outlining the options available to them ahead of the merger date.

Corporate letter

Q&A

Cross-border Mergers: The Lux Funds

We recently informed you that we will transfer the assets of the below listed UK-based funds into an equivalent fund within our established Luxembourg fund range (the "Lux Funds"). We are pleased to confirm that the transfers have now been successfully completed.

  • European Corporate Bond Fund
  • European High Yield Bond Fund
  • Pan European Fund
  • Pan European Smaller Companies Fund
  • Pan European Equity Dividend Fund

Further information can be found below.

Corporate letter

Q&A

Proposed closure of Threadneedle Global Opportunities Bond Fund

The FCA has authorised the closure of the Threadneedle Global Opportunities Bond Fund. The Fund has fallen to a value that means it is no longer viable to manage. As a result, we believe the closure of the Fund is in the best interests of investors. The Fund will close on 9 January 2019.

Corporate letter

Q&A

Transfer of customer assets (Scheme of arrangement)

We have written to investors about a proposed change to the following funds.

  • American Smaller Companies Fund (US)
  • European Smaller Companies Fund
  • Global Emerging Markets Equity Fund
  • Global Equity Income Fund

We are planning to transfer the assets of investors in certain share classes of each fund listed above into an equivalent share class within our established Luxembourg fund range. Please note these changes do not impact GBP share classes.

The transfers will be made by a process called a scheme of arrangement.

Find out more

Transfer of customer assets (Scheme of arrangement)

We have written to investors about a proposed change to the following funds.

  • American Fund
  • American Select Fund
  • European Select Fund
  • UK Equity Income Fund
  • UK Fund

We are planning to transfer the assets of investors in certain share classes of each fund listed above into an equivalent share class within our established Luxembourg fund range. Please note these changes do not impact GBP share classes.

The transfers will be made by a process called a scheme of arrangement.

Find out more

Cross-border merger EGM update

We recently informed investors of our proposal to transfer the assets of each fund listed below (the "Existing Funds") into an equivalent fund within our established Luxembourg fund range (the "Lux Funds"). Following the shareholder vote at the extraordinary general meetings (EGMs) held on 24 August 2018, we can confirm that the transfers have been approved for all the affected funds.

  • European Corporate Bond Fund
  • European High Yield Bond Fund
  • Pan European Fund
  • Pan European Smaller Companies Fund
  • Pan European Equity Dividend Fund
  • Credit Opportunities Fund

We will be communicating with all impacted clients and outlining the options available to them ahead of the merger date.

Corporate letter

Q&A

Transfer of customer assets (Cross-border merger)

We have written to investors about a proposed change to the following funds.

  • European Corporate Bond Fund
  • European High Yield Bond Fund
  • Pan European Fund
  • Pan European Smaller Companies Fund
  • Pan European Equity Dividend Fund
  • Credit Opportunities Fund

We are planning to transfer the assets of each fund listed above into an equivalent fund within our established Luxembourg fund range. The transfer will be made by a process called a 'cross-border merger'.

Find out more