Significant fund changes

Change to management of the Threadneedle Japan Fund

On 1 November 2017 we will be making changes to the way the Threadneedle Japan Fund is managed.

Threadneedle Asset Management Limited (TAML), the investment manager of the Fund, will be able to delegate investment decisions for the Fund to Columbia Management Investment Advisers, LLC (CMIA), which is a US-based investment manager in the Columbia Threadneedle group of companies.

This means that the Fund will benefit from the additional research capability from a large US-based team to complement our strong research base in the UK and US-based fund managers can be involved in making investment decisions for the Fund.

How will this affect my investment?

The value of your investments and the number of shares you hold will not be affected by this change and there will be no change to the Fund’s investment objective. However, the investment policy will change to reflect the intention to invest in fewer companies following the changes.

Investing in fewer companies could prove more rewarding for investors but could also increase the volatility of returns. The Synthetic Risk and Reward Indicator (SRRI), which can be found on the Key Investor Information Document (KIID), will remain at level 6: towards the higher end of the risk spectrum.

What do I need to do?

No action is required.

Further information

Further information can be found in the Q&A and on the new KIID below.

If you are still unsure about the implications for your investment and the action you should take, please contact your financial adviser. If you are a UK based investor and do not have a financial adviser, you can find one in your area by visiting www.unbiased.co.uk (please note that we do not endorse this site or the advisers found on it.)

If you have any further questions, or would like a hard copy of the new KIID or Q&A, please call us on 0800 953 0134* for shareholders located within the UK or on 0044 1268 444 321 for shareholders located outside of the UK. Our team is available from 8.00am to 6.00pm, Monday to Friday (UK time).

*Calls may be recorded.

Related Documents

PDF

Investor letter

PDF

Draft KIID