| Change Details | |
|---|---|
| Title | Schroder European Alpha Plus |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 27 March 2025 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Schroder Unit Trusts Limited |
| Fund Name | Schroder European Alpha Plus |
| Type of change | Fund Merger |
| Date merger effective from | 27 March 2025 |
| Date fund suspended | 20 March 2025 |
| Deadline for investors to switch out / provide revised asset choice (to avoid any closure costs) | 11:00 am on 20 March 2025 |
| Is the event subject to shareholder approval? | Yes - Approved |
| 2. Fund details | |
| Current Fund | New Fund |
| Schroder European Alpha Plus | Schroder European |
| 3. Merger details | |
| Will the phasing option automatically continue? | Yes |
| Will the rebalancing option automatically continue? | Yes |
| Will ongoing direct debit payments automatically be redirected into the new fund? | Yes |
| 4. Investment objectives | |
| Previous objective | To provide capital growth in excess of the FTSE World Series Europe ex UK (Gross Total Return) index (after fees have been deducted) over a 3 to 5 year period by investing in equities of European companies, excluding the UK. The fund is actively managed and invests at least 80% of its assets in a concentrated range of equities of European countries, excluding the UK. The fund typically holds 35 to 60 companies. 'Alpha' funds invest in companies in which the investment manager has a high conviction that the current share price does not reflect the future prospects for that business. |
| New objective | To provide capital growth in excess of the FTSE World Series Europe ex UK (Gross Total Return) index (after fees have been deducted) over a 3 to 5 year period by investing in equities of European companies, excluding the UK. The fund is actively managed and invests at least 80% of its assets in equities of large and mid sized European companies, excluding the UK. These are companies that, at the time of purchase, are considered to be in the top 90% by market capitalisation of the European equities market. |
| 5. Charging structure | |
| Unbundled Fund -U | |
| Previous AMC | 0.95% |
| New AMC | 0.92% |
| Previous TER | 0.95% |
| New TER | 0.92% |
| Previous Reimbursed Rebate Rate | 0.08% |
| New Reimbursed Rebate Rate | 0.08% |
| Unbundled Fund -U2 | |
| Previous AMC | 0.88% |
| New AMC | 0.84% |
| Previous TER | 0.88% |
| New TER | 0.84% |
Client Correspondence
- Schroder Euro Alpha Plus - Merger - Adviser model SAMPLE
- Schroder Euro Alpha Plus - Merger - Unbundled clients - CB3 - SAMPLE
- Schroder Euro Alpha Plus - Merger - Unbundled clients - CB12 SAMPLE
- Schroder Euro Alpha Plus - Merger - Unbundled U2 clients - CB3 SAMPLE
- SUTL_Schroder-European-Fund-GBP_L-Acc-KIID-GBEN-2025-02-11
- SUTL_Schroder-European-Fund-GBP_L-Inc-KIID-GBEN-2025-02-11
- SUTL_Schroder-European-Fund-GBP_Z-Acc-KIID-GBEN-2025-02-11
- SUTL_Schroder-European-Fund-GBP_Z-Inc-KIID-GBEN-2025-02-11