| Change Details | |
|---|---|
| Title | Schroder UK Alpha Income |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 18 June 2025 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Schroder Unit Trusts Limited |
| Fund Name | Schroder UK Alpha Income |
| Type of change | Fund Merger |
| Date merger effective from | 18/06/2025 |
| Date fund suspended | 10/06/2025 |
| Deadline for investors to switch out if appropriate | 11:00 on 10/06/2025 |
| Is the event subject to shareholder approval? | Yes - Approved |
| 2. Fund details | |
| Current Fund | New Fund |
| Schroder UK Alpha Income | Schroder Prime UK Equity |
| 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 income and capital growth in excess of the FTSE All Share (Gross Total Return) index (after fees have been deducted) over a three to five year period by investing in equity and equity related securities of UK companies. |
| New objective | To provide capital growth in excess of the FTSE All Share (Gross Total Return) index (after fees have been deducted) over a three to five year period by investing in equity and equity related securities of UK companies. |
| 5. Charging structure | |
| Bundled Fund | |
| Previous AMC | 1.44% |
| New AMC | 0.40% |
| Previous TER | 1.44% |
| New TER | 0.41% |
| Previous Reimbursed Amount (Charge Basis 2) | 0.50% |
| New Reimbursed Amount(Charge Basis 2) | 0.00% |
| Previous Reimbursed Rebate Rate(Charge Basis 3) | 0.98% |
| New Reimbursed Rebate Rate (Charge Basis 3) | 0.00% |
| Unbundled Funds GB00B7F32Y08 & GB00B073JS25 | |
| Previous AMC | 0.75% |
| New AMC | 0.40% |
| Previous TER | 0.75% |
| New TER | 0.41% |
| Previous Reimbursed Rebate Rate | 0.29% |
| New Reimbursed Rebate Rate | 0.00% |
| Unbundled Funds GB00BDRZNC16 & GB00BDRZNJ84 | |
| Previous AMC | 0.65% |
| New AMC | 0.30% |
| Previous TER | 0.65% |
| New TER | 0.30% |
Client correspondence
- Schroder UK Alpha Income - Fund Merger - Adviser model - Sample
- Schroder UK Alpha Income - Fund Merger - Bundled clients - CB123 - Sample
- Schroder UK Alpha Income - Fund Merger - Unbundled clients - CB3 GB00B7F32Y08 GB00B073JS25 - Sample
- Schroder UK Alpha Income - Fund Merger - Unbundled clients - CB3 GB00BDRZNC16 GB00BDRZNJ84 - Sample
- Schroder UK Alpha Income - Fund Merger - Post - Sample
- KIID GB00BS0LFL46
- KIID GB00BS0LFM52
- KIID GB0007870131
- KIID GB0007870248