We are pleased to confirm that the following transfers were completed on the 12 May 2017.
Threadneedle European ex-UK Growth Fund
Threadneedle Japan Growth Fund
Threadneedle Pacific ex-Japan Growth Fund
Threadneedle UK Equity Income Fund
UK Equity Income Fund
Threadneedle UK Growth Fund
UK Select Fund
*These funds are existing funds.
If your clients invest in one of the Existing Funds above, their investment will have been automatically transferred to the relevant New Fund. We will send your client a post-transfer statement with details of the value, share price and number of shares they hold in the New Fund(s).
This is mostly an administrative change and largely to eliminate duplication of Funds, but we expect that our shareholders will benefit from lower fees and expenses in the New Funds.
- A change to the cut-off time you can buy or sell shares at that day’s price. This cut-off time, which we call the valuation point, is when we measure the value of a fund’s total assets in order to set that day’s price. As a result of the proposed changes, the valuation point has moved from 2.00pm to 12.00 noon. Requests received after that time will receive the share price for the following valuation point.
- A change to the date on which income is paid for income shares.
- Changes to the way certain fees are applied.
Full details of the differences between the Existing Funds and the New Funds can be found in the shareholder circular.
If you hold your investment within an ISA, the ISA terms and conditions for the New Funds are different – a comparison of the terms and conditions is available.
We believe that the new terms and conditions are no less favourable than the current ones. The new terms and conditions will be introduced from the effective date for the transfers (detailed in the table below).
There will be no change to the ISA terms and conditions for any of the other funds offered by us as a result of the change.