Schroders introduces new R6 share class
Schroders enhances its mutual funds line-up with lower expenses and a new R6 share class for institutional clients
- Schroders announces the creation of a new R6 share class across ten of its mutual funds, offering eligible institutional clients a “clean” fee share class with no embedded shareholder servicing fees.
- The new share class is designed to be attractive to institutional clients as well as Defined Contribution plans that meet the eligibility requirements.
- Additionally, Schroders is reducing fees across six mutual funds through management feewaivers, lower expense caps, or both, to further grow the company’s presence in the U.S
New York — Schroder Investment Management North America Inc. announces the introduction of a new R6 share class across ten of its mutual funds. The R6 share class is a “clean” fee share class with no embedded shareholder servicing fees, providing more competitively priced products to Schroders’ eligible institutional clients. The new share class delivers on Schroders’ commitment to provide investment solutions aligned with clients’ goals and to ensure they are priced appropriately for the firm’s clients in the institutional and retirement markets. The new R6 share class is now available to investors.
“As a leading global asset manager, we are deeply committed to enhancing investment offerings for our North American clients, and two of our key areas of growth are the institutional and retirement markets,”said Thomas Darnowski, Head of Product Development at Schroders in the US. “Introducing a competitively priced R6 share class provides us with an opportunity to broaden the appeal of our mutual funds to these important markets.”
The R6 shares are available for purchase by eligible institutional investors, including employer sponsored retirement plans, pension plans, endowments and foundations, as well as eligible high net worth investors, who meet the minimum initial investment requirements of $5 million and are able to invest either directly with Schroders or through a platform that does not charge a fee to the fund or Schroders.Existing shareholders who are eligible may convert their shares to the new R6 shares on a tax-free basis.
In addition, Schroders is introducing a reduction in fees on six of the ten mutual funds through management fee waivers, lower expense caps, or both.
The funds introducing the new R6 share class are:
- Schroder Absolute Return EMD and Currency Fund
- Schroder Emerging Market Equity Fund
- Schroder Emerging Markets Multi-Cap Equity Fund *
- Schroder Emerging Markets Multi-Sector Bond Fund *
- Schroder Global Multi-Asset Income Fund
- Schroder Global Multi-Cap Equity Fund *1
- Schroder Global Strategic Bond Fund
- Schroder International Alpha Fund *
- Schroder International Multi Cap Value Fund *
- Schroder U.S. Small and Mid-Cap Opportunities Fund *
Asterisks (*) denote the six funds with additional fee reductions.
1 Effective December 19, 2014, Schroder Global Multi-Cap Equity Fund's Institutional Shares and Institutional Service Shares were reclassified as R6 Shares and Investor Shares,respectively.
About Schroder Investment Management North America Inc.
Schroder Investment Management North America Inc. is an indirect wholly-owned subsidiary of Schroders plc (SDR.L), a global asset management company with approximately $447.7 billion under management as of September 30, 2014. Schroder’s clients include major financial institutions including banks and insurance companies, as well as local and public authorities, public and private pension funds,endowments and foundations, intermediaries and advisors, as well as high net worth individuals and retail investors. The firm has built one of the largest networks of offices of any dedicated asset management company with more than 400 portfolio managers and analysts covering the world's investment markets, offering a comprehensive range of products and services.
Schroder Investment Management North America Inc. is an investment advisor registered with the Securities and Exchange Commission. It provides asset management products and services to clients in the U.S. and Canada including Schroder Capital Funds (Delaware), Schroder Series Trust and Schroder Global Series Trust, investment companies registered with the SEC (the "Schroders Funds").
Shares of the Schroders Funds are distributed by Schroder Fund Advisors LLC, a member of the Financial Industry Regulatory Authority. Schroder Investment Management North America Inc. and Schroder Fund Advisors LLC are indirect, wholly-owned subsidiaries of Schroders plc, a U.K. public company with shares listed on the London Stock Exchange. For additional information about Schroders,go to www.schroders.com/us.
Please consider a Fund’s investment objectives, risks, charges and expenses carefully before investing. For a free prospectus, which contains this and other information on any Schroders Fund visit www.schroderfunds.com or call (800) 730-2932. Read the prospectus carefully before investing.
The views and opinions contained herein are those of Schroders’ investment teams and/or Economics Group, and do not necessarily represent Schroder Investment Management North America Inc.’s house views. These views are subject to change. This information is intended to be for information purposes only and it is not intended as promotional material in any respect.