Managed funds range changes: new composite indices, reduction of fees & compulsory conversion clause
From 7 May 2020 we will be making changes to the following funds (“Funds”):
- Threadneedle Managed Bond Fund
- Threadneedle Managed Bond Focused Fund
- Threadneedle Managed Equity & Bond Fund
- Threadneedle Managed Equity Focused Fund
- Threadneedle Managed Equity Fund
- New composite indices - The changes include enhancing the Funds’ investment objective by including a benchmark index within each Fund’s investment objective.
- Reduction of fees - Following a review of the fees and charges that apply to the Funds, we will reduce the annual management fees on some unit classes and reduce the ongoing charges figure across all unit classes as set out in the appendix ‘Schedule of Fees’.
- Compulsory conversion clause - We have decided to include a compulsory conversion clause in the prospectus with effect from 1 March 2020. This will allow us to convert unit holdings from one unit class to another unit class in the same fund, where it is in investors’ best interests.
Please refer to the other relevant Q&A’s for further information on Compulsory Conversion clause, Transfer to cheaper share class and Withdrawal of Loyalty Bonus arrangements.
