Fund announcements

Schroder Managed Defensive Fund

Proposed Scheme of Arrangement to merge Schroder Managed Defensive Fund into Schroder Global Multi-Asset Cautious Portfolio. Meeting of Shareholders held on 17th April 2024 – Result of the Extraordinary General Meeting:

The changes set out in the Extraordinary Resolution relating to the Proposed Scheme of Arrangement were approved by the required majority at the Extraordinary General Meeting of Shareholders on 17th April 2024.

The Effective Date of the changes will be 12:01 PM 16th May 2024

Circular

Schroder Managed Defensive Fund

Proposed Scheme of Arrangement to merge Schroder Managed Defensive Fund into Schroder Global Multi-Asset Cautious Portfolio.

An Extraordinary Resolution of the Shareholders in Schroder Managed Defensive Fund is required to approve the changes set out in the circular (see link to circular).

The meeting will be held on a virtual conferencing platform at 9:15 AM UK Time on the 17th April 2024.

Results of the Extraordinary General Meeting of Shareholders, to be held on 17th April 2024, will be published here no later than 22nd April 2024.

If the Extraordinary Resolution is passed, the Effective Date of the changes will be 12:01 PM 16th May 2024.

Circular

Schroder Emerging Markets Fund (Guernsey)

Proposal to wind up the Schroder Emerging Markets Fund

Meeting of Unitholders 10:00 a.m. 15 March 2023 – Result of the Extraordinary Resolution:

The proposed winding up set out in the circular was approved by the required majority at the Extraordinary General Meeting of Unitholders held at 10:00 a.m. on 15 March 2023.

It was further noted at the meeting that a change of the Net Asset Value calculation date has been agreed by the Manager and the Trustee, moving from 17 March 2023, as outlined in the circular dated 23 February 2023, to 22 March 2023. Subsequently, the payment date of the Interim Distribution will move from on or around 24 March 2023, to on or around 30 March 2023.

15 March 2023. Please see the circular for more information.

Circular

Schroder Emerging Markets Fund (Guernsey)

Proposal to wind up the Schroder Emerging Markets Fund

An Extraordinary Resolution of the Unitholders in the Schroder Emerging Markets Fund is required to approve the proposed winding up set out in the circular (see link to circular).

Results of the Extraordinary General Meeting of Unitholders, to be held at 10:00am on 15 March 2023, will be published here no later than 17 March 2023.

If the Extraordinary Resolution is passed, the winding up process will commence on 15 March 2023. Please see the circular for more information.

Circular

Schroder UK Dynamic Absolute Return Fund

Fund name and Investment Manager change for the Schroder UK Dynamic Absolute Return Fund.

The Fund’s Investment Manager will change from BennBridge Ltd to Tellworth Investments LLP and the Fund’s name will be changed from “Schroder UK Dynamic Absolute Return Fund” to “Schroder Tellworth UK Dynamic Absolute Return”.

Please note the effective date for these changes has moved from 1 October 2022, as originally planned, to 5 December 2022. Shareholders in the Fund will receive a formal communication letter regarding this postponement. Please find details of the changes in the link to the original shareholder letter dated 1 September 2022 and details of the postponement in the update shareholder letter dated 30 September 2022.

Original shareholder letter

Update shareholder letter

5 December 2022

SISF

De-registration of share classes from Ireland
Circular

October the 28th 2022

SISF

List of share classes de-registered

Circular

October the 28th 2022

Banking FAQ

FAQ: New bank details for Standing Settlement Instructions (SSis)

Circular

August the 22nd 2022

Banking FAQ

New bank details for Standing Settlement Instructions (SSIs)

Circular

August the 22nd 2022

The Global Growth Fund

Proposed changes to The Global Growth Fund (amending the investment objective and policy, changing the benchmarks, charging fees to income instead of capital, and changing asset class ranges for equities and alternatives).

Meeting of Unitholders 9:15 GMT 27 May 2022 – Result of the Extraordinary Resolution:

 The proposed changes set out in the circular were approved by the required majority at the Extraordinary General Meeting of Unitholders held at 9:15 GMT on 27 May 2022.

Circular

10 June 2022

Broombriggs Fund

Proposed changes to the Broombriggs Fund (amending the investment objective and policy, changing the benchmarks, charging fees to capital rather than income, and changing the name of the Fund).

The proposed changes set out in the circular were approved by the Written Resolution of Unitholders.

Circular

10 June 2022

Broombriggs Fund

Proposed changes to the Broombriggs Fund (amending the investment objective and policy, changing the benchmarks, charging fees to capital rather than income , and changing the name of the Fund).

A Written Resolution of the Unitholders in the Broombriggs Fund is required to approve the changes set out in the circular (see link to circular).

Results of the Written Resolution will be published here no later than 30 May 2022.

Circular

If the Written Resolution is passed, the Effective Date of the changes will be 10 June 2022.

The Global Growth Fund

Proposed changes to The Global Growth Fund (amending the investment objective and policy, changing the benchmarks, charging fees to income instead of capital, and changing asset class ranges for equities and alternatives).

An Extraordinary Resolution of the Unitholders in The Global Growth Fund is required to approve the changes set out in the circular (see link to circular).

Results of the Extraordinary General Meeting of Unitholders, to be held at 9:15 GMT on 27 May 2022, will be published here no later than 30 May 2022.

Circular

If the Extraordinary Resolution is passed, the Effective Date of the changes will be 10 June 2022.

Schroder Moorgate I Fund

Proposed Scheme of Arrangement of Schroder Moorgate I Fund into Schroder Income Fund and an optional Scheme of Election into SUTL Cazenove GBP Equity Focus Fund. Meeting of Unitholders 9:00 GMT 8 April 2022 – Result of the Extraordinary Resolution:
The proposed changes set out in the Proposed Scheme of Arrangement were approved by the required majority at the Extraordinary General Meeting of Unitholders held at 9:00 GMT on 8 April 2022.

Circular

12:01 GMT on 22 April 2022 

Schroder Moorgate I Fund

Proposed Scheme of Arrangement of Schroder Moorgate I Fund into Schroder Income Fund and an optional Scheme of Election into SUTL Cazenove GBP Equity Focus Fund.
An Extraordinary Resolution of the Unitholders in Schroder Moorgate I Fund is required to approve the changes set out in the circular (see link to circular).
Results of the Extraordinary General Meeting of Unitholders, to be held at 9:00 GMT on 8 April 2022, will be published here no later than 11 April 2022.

Circular

If the Extraordinary Resolution is passed, the Effective Date of the changes will be 12:01 GMT on 22 April 2022. 

Russian securities in Schroders Funds

Statement regarding the pricing of Russian securities in Schroders funds

Statement

12:01 GMT on 7 March 2022 

Schroder UK Opportunities Fund

Scheme of Arrangement to merge Schroder UK Opportunities Fund into Schroder UK Alpha Plus Fund. 
Please note there was an operational delay in calculating the net asset value of other Schroder funds due to the current disruption in markets, which meant certain information relating to the merger was unavailable to enable the merger to be processed at 12:01 GMT on 28 February 2022 as originally planned.
We anticipate that the new effective date and time of the mergers will be 12:01 GMT on 2 March 2022, however we will communicate if this needs to be further amended. 
Please see details in the link to the unitholder letter.

Unitholder letter

12:01 GMT on 2 March 2022 

Schroder UK Equity Fund

Scheme of Arrangement to merge Schroder UK Equity Fund into Schroder UK Alpha Plus Fund.
Please note there was an operational delay in calculating the net asset value of other Schroder funds due to the current disruption in markets, which meant certain information relating to the merger was unavailable to enable the merger to be processed at 12:01 GMT on 28 February 2022 as originally planned.
We anticipate that the new effective date and time of the mergers will be 12:01 GMT on 2 March 2022, however we will communicate if this needs to be further amended.
Please see details in the link to the unitholder letter.

Unitholder letter

12:01 GMT on 2 March 2022 

Schroder UK Opportunities Fund

Proposed Scheme of Arrangement to merge Schroder UK Opportunities Fund into Schroder UK Alpha Plus Fund 
Meeting of Unitholders 9:15 a.m. 18 February 2022 – Result of the Extraordinary Resolution:
The proposed changes set out in the Proposed Scheme of Arrangement were approved by the required majority at the Extraordinary General Meeting of Unitholders held at 9:15 a.m. on 18 February 2022.

Circular

12:01 a.m. on 28 February 2022 

Schroder UK Equity Fund

Proposed Scheme of Arrangement to merge Schroder UK Equity Fund into Schroder UK Alpha Plus Fund
Meeting of Unitholders 9:00 a.m. 18 February 2022 – Result of the Extraordinary Resolution:
The proposed changes set out in the Proposed Scheme of Arrangement were approved by the required majority at the Extraordinary General Meeting of Unitholders held at 9:00 a.m. on 18 February 2022.

Circular

12:01 a.m. on 28 February 2022 

Schroder Absolute Return Bond Fund

Proposed Changes: 

i) amending the Fund’s investment objective and policy; 

ii) changing the Fund’s name; and 

iii) a reduction in fees. 

Meeting of Unitholders 9:00 a.m. 11 February 2022 – Result of the Extraordinary Resolution:
The proposed changes set out in the circular were approved by the required majority at the Extraordinary General Meeting of Unitholders held at 9:00 a.m. on 11 February 2022. 

Circular

12:00 a.m. on 21 February 2022 

Schroder UK Opportunities Fund

Proposed Scheme of Arrangement to merge Schroder UK Opportunities Fund into Schroder UK Alpha Plus Fund.
An Extraordinary Resolution of the Unitholders in Schroder UK Opportunities Fund is required to approve the changes set out in the circular (see link to circular). 
Results of the Extraordinary General Meeting of Unitholders, to be held at 9:15 a.m. on 18 February 2022, will be published here no later than 21 February 2022. 

Circular

If the Extraordinary Resolution is passed, the Effective Date of the changes will be 12:01 a.m. on 28 February 2022.

Schroder UK Equity Fund

Proposed Scheme of Arrangement to merge Schroder UK Equity Fund into Schroder UK Alpha Plus Fund.
An Extraordinary Resolution of the Unitholders in Schroder UK Equity Fund is required to approve the changes set out in the circular (see link to circular).
Results of the Extraordinary General Meeting of Unitholders, to be held at 9:00 a.m. on 18 February 2022, will be published here no later than 21 February 2022. 

Circular

If the Extraordinary Resolution is passed, the Effective Date of the changes will be 12:01 a.m. on 28 February 2022.

Schroder Global Cities Real Estate Income

The proposed changes are: 

i) amending the Fund’s investment objective and policy; 

ii) changing the Fund’s name; and 

iii) changing the Fund’s distribution frequency. 

Meeting of Unitholders 9:15 a.m. on 19 January 2022 – Result of the Extraordinary Resolution: 
The proposed changes set out in the circular were approved by the required majority at the Extraordinary General Meeting of Unitholders held at 9:15 a.m. on 19 January 2022. 

Circular

12:00 a.m. on 7 February 2022 

Schroder Absolute Return Bond Fund 

A proposal for certain changes (including to the name and the investment objective and policy) to Schroder Absolute Return Bond Fund. 
An Extraordinary Resolution of the Unitholders in Schroder Absolute Return Bond Fund is required to approve the changes set out in the circular (see link to circular). 
Results of the Extraordinary General Meeting of Unitholders, to be held at 9:00 a.m. on 11 February 2022, will be published here no later than 14 February 2022. 

Circular

If the Extraordinary Resolution is passed, the Effective Date of the changes will be 12:00 a.m. on 21 February 2022.

Schroder Global Cities Real Estate Income

A proposal for certain changes (including to the name and the investment objective and policy) to Schroder Global Cities Real Estate Income.
An Extraordinary Resolution of the Unitholders in Schroder Global Cities Real Estate Income is required to approve the changes set out in the circular (see link to circular).
Results of the Extraordinary General Meeting of Unitholders, to be held at 9:15 a.m. on 19 January 2022, will be published here no later than 21 January 2022. 

Circular

If the Extraordinary Resolution is passed, the Effective Date of the changes will be 7 February 2022.

Schroder European Alpha Income Fund

Proposed Changes: 

i) amending the Fund’s investment objective and policy; and 

ii) changing the Fund’s name. 

Meeting of Shareholders 9:00 a.m. on 8 December 2021 – Result of the Extraordinary Resolution: 
The proposed changes set out in the circular were approved by the required majority at the Extraordinary General Meeting of Shareholders held at 9:00 a.m. on 8 December 2021. 

Circular

12:00 a.m. on 15 December 2021 

Schroder European Alpha Income Fund

A proposal for certain changes (to the name and the investment objective and policy) to the Schroder European Alpha Income Fund.
An Extraordinary Resolution of the Shareholders in the Schroder European Alpha Income Fund is required to approve the changes set out in the circular (see link to circular). 
Results of the Extraordinary General Meeting of Shareholders, to be held at 9:00 a.m. on 8 December 2021, will be published here no later than 10 December 2021. 

Circular

If the Extraordinary Resolution is passed, the Effective Date of the changes will be 15 December 2021. 

Schroder MM Diversity Balanced Fund

Proposed Scheme of Arrangement to merge Schroder MM Diversity Balanced Fund into Schroder Blended Portfolio 6
Meeting of Unitholders 9:15 a.m. on 3 November 2021 – Result of the Proposed Extraordinary Resolution:
The changes as detailed in the Proposed Scheme of Arrangement, notified to unitholders on 4 October 2021, were approved by the required majority at the Extraordinary General Meeting of Shareholders held at 9:15am on 3 November 2021. 

Circular

12:01 p.m. on 10 December 2021 

Schroder MM International Fund

Proposed Scheme of Arrangement to merge Schroder MM International Fund into Schroder Global Equity Fund
Meeting of Unitholders 9:00 a.m. on 3 November 2021 – Results of the Proposed Extraordinary Resolution:
The changes as detailed in the Proposed Scheme of Arrangement, notified to unitholders on 4 October 2021, were approved by the required majority at the Extraordinary General Meeting of Shareholders held at 9:00am on 3 November 2021. 

Circular

4:01 p.m. 7 December 2021 

Schroder MM Diversity Tactical Fund

Proposed Scheme of Arrangement to merge Schroder MM Diversity Tactical Fund into Schroder Blended Portfolio 7 
Meeting of Unitholders 9:30 a.m. on 3 November 2021 – Results of the Proposed Extraordinary Resolution:
The changes as detailed in the Proposed Scheme of Arrangement, notified to unitholders on 4 October 2021, were approved by the required majority at the Extraordinary General Meeting of Shareholders held at 9:30am on 3 November 2021. 

Circular

12:01 p.m. 26 November 2021 

Schroder MM Diversity Income Fund

Meeting of Shareholders 9:45 a.m. on 3 November 2021 – Result of the Extraordinary Resolution:
The changes as detailed in the Proposal were approved by the required majority at the Extraordinary General Meeting of Shareholders held at 9:45am on 3 November 2021.
Please note that the change at iv) above does not form part of the vote at this meeting and will be effective from 10 December 2021.

Circular

12:00am on 12 November 2021 

Schroder MM Diversity Tactical Fund

Proposed Scheme of Arrangement to merge Schroder MM Diversity Tactical Fund into Schroder Blended Portfolio 7
An extraordinary resolution of the Unitholders in the Schroder MM Diversity Tactical Fund is required to approve the proposal set out in the circular (see link to circular).
Results of the Unitholder extraordinary general meeting, to be held at 9:30 a.m. on 3 November 2021, will be published here no later than 5 November 2021. 

Circular

If the extraordinary resolution is passed the effective date of the changes will be 26 November 2021. 

Schroder MM Diversity Income Fund

A proposal for certain changes (including to the name and the investment objective and policy) to the Schroder MM Diversity Income Fund.
An extraordinary resolution of the Unitholders in the Schroder MM Diversity Income Fund is required to approve the changes set out in the circular (see link to circular).
Results of the Unitholder extraordinary general meeting, to be held at 9:45 a.m. on 3 November 2021, will be published here no later than 5 November 2021.

Circular

If the extraordinary resolution is passed the effective date of the changes will be 12 November 2021.

Schroder MM Diversity Balanced Fund

Proposed Scheme of Arrangement to merge Schroder MM Diversity Balanced Fund into Schroder Blended Portfolio 6
An extraordinary resolution of the Unitholders in the Schroder MM Diversity Balanced Fund is required to approve the proposal set out in the circular (see link to circular).
Results of the Unitholder extraordinary general meeting, to be held at 9:15 a.m. on 3 November 2021, will be published here no later than 5 November 2021. 

Circular

If the extraordinary resolution is passed the effective date of the changes will be 10 December 2021.

Schroder MM International Fund

Proposed Scheme of Arrangement to merge Schroder MM International Fund into Schroder Global Equity Fund
An extraordinary resolution of the Unitholders in the Schroder MM International Fund is required to approve the proposal set out in the circular (see link to circular).
Results of the Unitholder extraordinary general meeting, to be held at 9:00 a.m. on 3 November 2021, will be published here no later than 5 November 2021. 

Circular

If the extraordinary resolution is passed the effective date of the changes will be 7 December 2021.

Schroder MM UK Growth Fund

Proposed Changes: 

i) amending the Fund’s investment objective, investment policy and fees; and 

ii) changing the Fund’s name. 

Meeting of Shareholders 9:00 a.m. on 27 August 2021 – Result of the Extraordinary Resolution:
The changes as detailed in the Proposal were approved by the required majority at the Extraordinary General Meeting of Shareholders held at 9:00am on 27 August 2021. 

Circular

12:00am on 6 September 2021.

Schroder MM UK Growth Fund

A proposal for certain changes (including to the name and the investment objective and policy) to the Schroder MM UK Growth Fund.
An extraordinary resolution of the Unitholders in the Schroder MM UK Growth Fund is required to approve the changes set out in the circular (see link to circular).
Results of the Unitholder extraordinary general meeting, to be held at 9:00 a.m. on 27 August 2021, will be published here no later than 1 September 2021. 

Circular

If the extraordinary resolution is passed the effective date of the changes will be 6 September 2021.

Schroder Responsible Value UK Equity Fund

Proposed Changes: 

i) amending the Fund’s investment objective and policy; and 

ii) changing the Fund’s name; 

Meeting of Shareholders 10:15 a.m. on 09 August 2021 – Result of the Extraordinary Resolution;
The changes as detailed in the Proposal were approved by the required majority at the Extraordinary General Meeting of Shareholders held at 10:15am on 09 August 2021. 

Circular

12:00am on 16 August 2021 

Schroder Responsible Value UK Equity Fund

A proposal for certain changes (including to the name and the investment objective and policy) to Schroder Responsible Value UK Equity Fund.
An extraordinary resolution of the Unitholders in the Schroder Responsible Value UK Equity Fund is required to approve the changes set out in the circular (see link to circular).
Results of the Unitholder extraordinary general meeting, to be held at 10:15 a.m. on 9 August 2021, will be published here no later than 11 August 2021.

Circular

16 August 2021 (subject to EGM approval)16 August 2021 (subject to EGM approval)

Schroder Core UK Equity Fund

Proposed Changes: 

i) amending the Fund’s investment objective and policy; and

ii) changing the Fund’s name;

 Meeting of Shareholders 09:00 a.m. on 11 May 2021 – Result of the Extraordinary Resolution;

The changes as detailed in the Proposal were approved by the required majority at the Extraordinary General Meeting of Shareholders held at 09:00am on 11 May 2021. 

Circular

12:00am on 18 May 2021

Schroder Global Multi-Factor Equity Fund

Proposed Scheme of Arrangement to merge Schroder Global Multi-Factor Equity Fund into Schroder Sustainable Multi-Factor Equity Fund
Meeting of Shareholders 09:00 a.m. on 12 May 2021 – Result of the Proposed Extraordinary Resolution; 

The changes as detailed in the proposed Scheme of Arrangement, notified to unitholders on 14 April 2021, were approved by the required majority at the Extraordinary General Meeting of Shareholders held at 09:00am on 12 May 2021. 

Circular

12:01pm on 25 May 2021 

UK SUTL Funds (excluding Schroders Real Estate Fund)

On 23 December 2020 we wrote to investors notifying them that on 1 December we began applying scale discounts to our largest funds (with retail classes) and we also provided 60 days’ notice that we will be simplifying our fee structure. More information can be found on our Charges page.

FAQs_Private Investors  

FAQs_Inst Investors

1 December 2020 
and 1 March 2021

Multiple Funds

On 27 November 2020 we wrote to certain unitholders and shareholders across our fund range notifying them that on the giving of 60 days’ notice their holdings would be converted into another unit/share class of the same fund.
Attached are copies of the investor communication letters and a spreadsheet setting out the annual management charge and ongoing charge figure for the relevant unit/share classes. 

A class into Z class units/shares letter 

AMC and OCF

27 November 2020

• Schroder Absolute Return Fund Company 

• SUTL – Institutional 

• SUTL – Intermediary 

• Schroder Multi-Manager Funds 

• SUTL (Non-UCITS Retail) 

• SUTL Cazenove Charity Non-UCITS Fund 

• SUTL Cazenove Charity UCITS Fund 

• Schroder Investment Fund Company 

• Schroder Dynamic Investment Fund Company 

• Schroder Fusion Investment Fund Company 

• Schroder Investment Trusts (ISA investments only)

Schroders is changing the provider of its UK registrar services from DST (formerly IFDS) to HSBC on 22 June 2020. The transfer of these services will not affect the investment management of funds or ownership of units/shares. When the change is made, Schroders will use HSBC to administer investments, including transaction processing, register maintenance and investor servicing.

3 June 2020 letter

FAQs

Unit Trust Fund ISNS

Registration instructions: HSBC Investor Insight

Click here to register for HSBC Investor Insight

6 January 2020 letter

Schroder Mixed Distribution Fund

The name of the Schroder Mixed Distribution Fund was changed to Schroder Monthly Income Fund on 2 September 2019.

Unitholder communication

2 September 2019

Multiple funds

On 5 August we wrote to unitholders/shareholders of our UK fund range noting that we were making changes to each fund’s objective and policy which may include: 

• the introduction of a formal target return benchmark which we believe better reflects the performance aims of the fund.

• a revised investment policy with updated language on how the fund seeks to meet its objectives and a new disclosure on how the fund manager might invest in securities outside of the fund’s primary focus.

We have also introduced comparator benchmarks for most funds which can be used for performance comparison purposes during the life of the fund but is not set as a performance target. The comparator benchmarks will be set out in the fund prospectus and key investor information documents. 

For a very limited number of funds we have added a constraining benchmark, where the manager’s discretion is restricted to invest to a certain degree in components of the benchmark.  The constraining benchmark will be set out in the fund prospectus and key investor information documents.
The investment objective and policy changes were effected on 7 August and all relevant fund prospectuses and key investor information documents have been updated accordingly. 

The amendments do not alter the way that each fund is managed and the fund’s allowable investments and risk profile are unchanged.
Unitholders/shareholders do not need to take any action in response to these changes.

Investor letter

7 August 2019 

Multiple funds

On 15 July 2019 we wrote to certain unitholders and shareholders across our fund range notifying them that on the giving of 60 days’ notice their holdings would be converted into another unit/share class of the same fund.
Attached are copies of the investor communication letters and a spreadsheet setting out the annual management charge and ongoing charge figure for the relevant unit/share classes. 

P1 class to P2 class shares letter

A class into Z class units/shares letter

AMC and OCF

15 July 2019 

Schroder Global Alpha Plus Fund

Unitholders in Schroder Global Alpha Plus Fund  (the Fund) approved the Fund’s merger into Schroder Global Equity Fund at a Unitholder meeting held on 10 July 2019.

The Fund merger was effected on 12 July 2019. Unitholders will be notified of their new unitholding in Schroder Global Equity Fund within 14 days of the merger date.

12 July 2019 

Schroder Global Alpha Plus Fund

It is proposed that Schroder Global Alpha Plus Fund is merged into Schroder Global Equity Fund by way of a Scheme of Arrangement.

A unitholder meeting to consider the proposal will be held on 10 July 2019.  If you are a unitholder seven days before 7 June 2019 and remain a unitholder at the time of the meeting, you will be entitled to vote either in person or by completing the enclosed form of proxy.
The unitholder circular and form of proxy are viewable via the links below. 

Unitholder circular

Form of proxy

10 July 2019 

Schroder ISF EURO Liquidity 

Investment objective and policy change to comply with and reflect authorisation under the Money Market Funds Regulation.

Shareholder letter

21 March 2019 

Schroder ISF US Dollar Liquidity

Investment objective and policy change to comply with and reflect authorisation under the Money Market Funds Regulation.

Shareholder letter

21 March 2019 

Schroder SSF Sterling Liquidity Plus

Investment objective and policy change to comply with and reflect authorisation under the Money Market Funds Regulation.

Shareholder letter

21 March 2019

Schroder Moorgate II Fund 

Fund Merger 

Schroder Moorgate II Fund was successfully merged into SUTL Cazenove GBP Balanced Fund, or if the unitholders so elected SUTL Cazenove GBP Growth Fund or Schroder Managed Wealth Portfolio, on 23 November 2018. 

The merger was approved by unitholders of Schroder Moorgate II Fund at an EGM held on 21 November 2018.

23 November 2018 

Schroder Absolute Return Bond Fund

Schroder Asian Income Fund

Schroder European Smaller Companies Fund

Schroder European Alpha Plus  Fund

Schroder Gilt And Fixed Interest Fund

Schroder Global Emerging Markets Fund

Schroder Global Healthcare Fund

Schroder High Yield Opportunities Fund

Schroder Income Fund

Schroder Income Maximiser

Schroder Managed Wealth Portfolio

Schroder Recovery Fund

Schroder Tokyo Fund

Schroder UK Alpha Plus Fund

Schroder UK Equity Fund

Schroder UK Mid 250 Fund

Schroder UK Smaller Companies Fund

Schroder US Mid Cap Fund

Schroder US Smaller Companies  Fund

Change to funds' unit pricing 

From 17 September 2018, the pricing of units in the funds listed will be based on a single mid-market price. The pricing of units in these funds is currently carried out on a dual pricing basis. 

Please see the attached unitholder notification letter.

 17 September 2018 

Distribution share class naming convention

Distribution share class names will incorporate some additional characters at the end of the existing name which will enable users to identify certain characteristics of the share class that are not currently distinguished within the name, for example, distribution frequency. 

Distribution Letter

11 September 2018 

Schroder UK Growth Fund plc Investment Trust ISA

Change of Alternative Investment Fund Manager

On 29 June 2018, Schroder Unit Trusts Limited (SUTL) was replaced by Baillie Gifford as the Alternative Investment Fund Manager of Schroder UK Growth Fund plc (the Company). 

Subsequently on 2 July 2018, the name of the Company was changed to Baillie Gifford UK Growth Fund plc.  At this time, SUTL still remains as the ISA plan manager in relation to the Company’s ISA but going forward SUTL is no longer able to hold the Company within the Schroders ISA. Investment Trust ISA holders should review the attached documents to assess the options available to them.

Trust holder letter

Schroders Form of Instruction

Comparison Factsheet

IT ISA terms and conditions

Schroder UK Equity Fund (Acc) KIID

Schroder UK Equity Fund (Inc) KIID

Hargreaves Lansdown Factsheet

Hargreaves Lansdown Stock and Shares ISA Transfer Form

2 July 2018 

Schroder Strategic Credit Fund

Change to fund's target return objective 

With effect from 25 May 2018, the Fund’s target return objective will change from income and capital growth in excess of 3 Month Treasury Bills to income and capital growth in excess of 3 Month LIBOR.  The change is being made because the reference index used by the Fund to track its performance target has been discontinued by the vendor and we consider that 3 Month LIBOR is a suitable replacement 

Investor letter

25 May 2018 

Schroder European Opportunities Fund

Change to fund's name and investment policy
The fund is a sub-fund of Schroder Investment Fund Company 

From 14 May 2018 the fund will be managed by a different portfolio manager from our European investment team and it will be renamed Schroder European Recovery Fund. The fund’s investment policy will be amended to reflect a change of investment style. 

The fund will from the date above adopt a “recovery” investment style which focuses on companies that the investment manager believes are undervalued relative to their long-term earnings potential. 

Shareholder Letter

 14 May 2018 

Schroder Strategic Beta Fund

Fund closure

Schroder Strategic Beta Fund will close on 26 April 2018 as it is not economically viable due to its size. The fund is now closed to new dealing.

26 April 2018

Hedged share classes for all Schroder ISF* funds 

*International Selection Fund 

Information regarding the charge for holders of I, IA, IZ, P and X hedged share classes can be found here.
Information regarding the charge for holders of A, A1, AX, B, C, CN, D, E, R, S and Z hedged share classes can be found here.

30 March 2018 

Schroder Global Multi-Asset Income Fund 

Fund closure 

Schroder Global Multi-Asset Income Fund will close on 20 February 2018 as it is no longer economically viable due to its size. 

Closure letter

20 February 2018 

Schroder Specialist Value UK Equity Fund

Name change and investment objective approved at EGM 

More information

14 February 2018 

All

Terms of Business amends

Please note that from 2 February 2018 our Terms of Business are being amended.

Download the communication setting out the changes and the revised Terms of Business.

From the effective date the Terms of Business can also be accessed here.

02 February 2018 

Corporate Bond Fund

Schroder Core UK Equity Fund 

Schroder European Alpha Income Fund 

Schroder European Alpha Plus Fund 

Schroder European Equity Absolute Return Fund 

Schroder European Opportunities Fund

Schroder European Smaller Companies Fund 

Schroder Global Alpha Plus Fund 

Schroder Global Emerging Markets Fund 

Schroder Global Healthcare Fund 

Schroder Income Fund 

Schroder Institutional Pacific Fund 

Schroder Institutional UK Smaller
Companies Fund 

Schroder Long Dated Corporate Bond
Fund 

Schroder Prime UK Equity Fund 

Schroder QEP Global Active Value
Fund 

Schroder Small Cap Discovery Fund 

Schroder Strategic Credit Fund 

Schroder Tokyo Fund 

Schroder UK Alpha Income Fund 

Schroder UK Alpha Plus Fund 

Schroder UK Dynamic Smaller
Companies Fund 

Schroder UK Opportunities Fund 

Schroder UK Smaller Companies Fund 

Schroder US Mid Cap Fund 

Schroder US Smaller Companies Fund

Fund objective and policy changes

We have been reviewing our fund documentation to ensure that it continues to reflect best practice in the market. As a part of this process, we have made changes to the investment objective and policy wording for the UK funds listed to the left.

What’s changed?

The amendments aim to make the language used consistent across our UK fund range. There are no changes to the way each fund is managed and these changes do not impact any existing holdings.

Do I need to do anything?

No, you will simply see updated wording in your fund documentation.

Which funds are affected?

The objective and policy wording for the following funds was revised on 23 October 2017 and the Schroder Institutional, Schroder Intermediary and Schroder Investment Fund Company prospectuses have been updated accordingly.

The Schroder Investment Fund Company, Schroder Institutional and Schroder Intermediary prospectuses have been revised.

23 October 2017

Schroder Specialist Value UK Equity Fund  

Change to fund's name, investment objective, benchmark and policy.

From 14 February 2018 it has been proposed that:

• The Fund’s investment objective and policy will be amended, and the Fund’s benchmark from the FTSE All-Share Index to a custom responsibly-screened  FTSE All-Share Index will be changed; and
• The Fund’s name will change to Schroder Responsible Value UK Equity Fund.

Unitholder circular

Proposed date: 14 February 2018

Schroder UK Corporate Bond Fund 

Change to fund's name, investment objective and policy.

From 2 October the fund will change its name to Schroder Sterling Corporate Bond Fund.

The fund's new benchmark will be the Bank of America Merrill Lynch Sterling Corporate & Collateralised Index. 

It's new objective is to provide income and capital growth by investing in fixed and floating rate securities issued by UK companies and companies worldwide.

Unitholder letter

2 October 2017

Schroder Absolute Return Bond Fund  

Reduction in AMC

A share class = 1.00% to 0.90%

Z share class = 0.50% to 0.40%

L share class = 0.60% to 0.50%

2 October 2017

Schroder Real Estate Securities Income Fund 

Change to fund's name

From 2 October the fund will change its name to Schroder Global Real Estate Income. 

Unitholder letter

2 October 2017

Schroder All Maturities Corporate Bond Fund 

Change of benchmark:

On 1 July 2017 the benchmark of the Schroder All Maturities Corporate Bond Fund changed from  the Bank of America Merrill Lynch Sterling Non Gilts - All Stocks (GBP) to the Bank of America  Merrill Lynch Sterling Non Gilts (GBP).

Why has it changed?

The previous benchmark was discontinued by Merrill Lynch. 

 1 July 2017

Schroder Long Dated Corporate Bond Fund

Change of benchmark:

On 1 July 2017 the benchmark of the Schroder Long Dated Corporate Bond Fund  changed from the Bank of America Merrill Lynch Sterling Non Gilts - All Stocks (15+ Y) (GBP) to the  Bank of America  Merrill Lynch 15+ Year Sterling Non-Gilt Index (GBP).

Why has it changed?

The previous  benchmark was discontinued by Merrill Lynch.

1 July 2017

SARFCO* UK Dynamic Absolute Return Fund

Paul Marriage and John Warren, the managers of the fund, have decided to leave Schroders’ employment to pursue a personal ambition to start their own business. They are expected to leave Schroders in the fourth quarter of 2017, with our agreement.

Paul and John are setting up Tellworth Investments LLP with BennBridge, a boutique fund manager platform. BennBridge will become the investment manager of the fund when Paul and John leave Schroders, subject to regulatory approval and due diligence. Paul and John will continue to manage the fund. The investment objectives of the fund will not change as a result.

Schroders is delighted that it will be able to continue the successful relationship with Paul and John while enabling them to pursue their personal ambition of starting their own company. This will enable our clients to remain fully invested in the fund with no substantive change of manager or investment process.

We remain fully committed to our clients and look forward to working with John, Paul and the team at BennBridge in the future.

*Schroder Absolute Return Fund Company

Q4 2017

Schroder UK Dynamic Smaller Companies Fund 

Paul Marriage and John Warren have decided to leave Schroders’ employment to pursue a personal ambition to start their own business. They are expected to leave Schroders in the fourth quarter of 2017.

The Schroder UK Dynamic Smaller Companies Fund will continue to be managed by Schroders. Schroders has a deep pool of talent across the UK and European Equities business and replacement managers will be announced shortly. In the interim the fund will continue to be managed by Paul and John.

Q4 2017

All UK Bond Funds 

Changes to Tax Treatment of Interest Distributions from 6 April 2017

What’s changed?

With effect from 6th April 2017, UK bond funds will now pay or accumulate interest distributions gross (i.e. without deduction of income tax) to all investors. Prior to this date there was a requirement to determine whether investors were entitled to receive distributions gross or net of tax.

What does this mean for me?

• If you are an investor in a UK bond fund and you are a non-taxpayer, this should make things easier for you as you will no longer have to reclaim tax withheld on interest distributions from HMRC.
• Investors who are entitled to the Personal Savings Allowance (£1,000 for basic rate taxpayers and £500 for higher rate taxpayers) will not owe any tax on interest distributions up to this amount (taken in aggregate with other sources of interest) and may not need to file a tax return simply to declare their interest income, although if you currently file a self assessment tax return for other purposes, you should continue to do so.
• If you do not currently file a tax return and tax is due, get in touch with HMRC and register for a personal tax account.  HMRC can also collect any unpaid tax via PAYE coding adjustments.

Do I need to do anything?

No, this has all happened automatically.

Where can I find out more?

If you would like to know more, visit www.gov.uk/hmrc. We are unable to provide any advice on your individual circumstances. Should you need any advice, we recommend that you speak to your financial or tax adviser.

6 April 2017

Schroder Absolute Return Bond Fund 

Schroder All Maturities Index Linked Bond Fund 

Schroder Asian Alpha Plus 

Schroder Asian Income Fund 

Schroder Asian Income Maximiser 

Schroder European Fund 

Schroder Global Equity Fund 

Schroder Global Equity Income Fund 

Schroder Global Multi-Asset Income Fund 

Schroder Institutional Growth Fund 

Schroder Managed Wealth Portfolio 

Schroder Recovery Fund 

Schroder Strategic Bond Fund 

Schroder UK Equity Fund 

Schroder UK Mid 250 Fund

Fund Objective and Policy Changes:

We are currently reviewing our fund documentation to ensure that it continues to reflect best practice in the market. As a part of this process, we are making changes to our UK funds’ investment objective and policy wording of.  The review process is likely to be completed over the next six months.

What’s changing?

The amendments aim to make the language used consistent across our UK fund range. There will  no changes to the way each fund is managed and these changes will not impact any existing holdings.

Do I need to do anything?

No, you will simply see updated wording in your fund documentation.

Which funds are affected?

The objective and policy wording for the funds listed to the left were revised on 5 April 2017 and the Schroder Institutional and Intermediary prospectuses have been updated accordingly and can be viewed here:

Intermediary

Institutional 

Further   updates to our funds’ objectives and policies will be made over the course of the next few months.

 5 April 2017 

Schroder Institutional Sterling Bond Fund 

Fund Closure:

Schroder Institutional Sterling Bond Fund will close on 9 March 2017 as it is no longer economically viable due to its size.

 9 March 2017 

Schroder Institutional Long Dated Sterling Bond Fund

Fund Closure:

Schroder Institutional Long Dated Sterling Bond Fund will close on 9 March 2017 as it is no longer economically viable due to its size.

Unitholder letter

 9 March 2017 

Schroder Institutional Index Linked Bond Fund

Fund Closure:

Schroder Institutional Index Linked Bond Fund will close on 9 March 2017 as it is no longer economically viable due to its size.

Unitholder letter

 9 March 2017 

Schroder Monthly High Income

Change to fund's name, objective and policy

Unitholder letter

 17 February 2017 

All Funds

Removal of provision of short report

In its recent paper discussing smarter consumer communications, the FCA have removed the requirement to produce the half-yearly short report from November 22, 2016, deeming the short report to be an ineffective method of communicating to unitholders.  Following this ruling, we will cease to produce short reports for all accounting periods ending after January 1, 2017. The long form report and accounts will continue to be available on request or can be downloaded from the website at www.schroders.co.uk. The Prospectus, Key Investor Information Document and Fund Factsheet contain additional useful unitholder information and are also available upon request or can be downloaded from the website.

1 January 2017 

SVG Capital plc

Tender offer by HarbourVest Structured Solutions III L.P.

Subject to shareholder approval, the Company has signed an asset transfer deed for the sale of 100% of its investment portfolio to HarbourVest Structured Solutions III L.P. 

Unitholder letter

15 December 2016

Schroder Absolute UK Dynamic Fund

Change to fund's name, objective and policy

Unitholder letter

1 October

Schroder European Absolute Target Fund

Change to fund's name, objective and policy

Unitholder letter

1 October

Schroder Global Real Estate Securities Fund

Change to fund name, objective and policy

Unitholder letter

1 August 2016

Schroder Income Maximiser

Change in fund management team 

The team of people responsible for managing the yield and structuring the call option overlay of Schroder Income Maximiser has been integrated with Schroders’ existing Portfolio Solutions Team. Mike Hodgson, Head of Risk Managed Investments and Structuring, has taken responsibility for the team and the funds under their management. 

As a result of these changes, the role of Head of Structured Fund Management at Schroders is no longer required and Thomas See will be leaving Schroders. 

The investment philosophy, process and management of the Maximiser funds has not changed and the underlying income portfolio will continue to be managed by Nick Kirrage and Kevin Murphy. 

26 July 2016

Schroder Asian Income Maximiser

Change in fund management team

The team of people responsible for managing the yield and structuring the call option overlay of Schroder Asian Income Maximiser has been integrated with Schroders’ existing Portfolio Solutions Team. Mike Hodgson, Head of Risk Managed Investments and Structuring, has taken responsibility for the team and the funds under their management.

As a result of these changes, the role of Head of Structured Fund Management at Schroders is no longer required and Thomas See will be leaving Schroders.

The investment philosophy, process and management of the Maximiser funds has not changed and the underlying income portfolio will continue to be managed by Richard Sennitt.

26 July 2016

Schroder Asian Alpha Plus Fund

Conversion from a non-UCITS retail fund to a UCITS fund

As from 1 April 2016, Schroder Asian Alpha Plus Fund will be authorised by the Financial Conduct Authority as a ‘UCITS scheme’ instead of being authorised as a ‘non-UCITS retail scheme’ (NURS). (A UCITS scheme is an open-ended collective investment fund which complies with the requirements of the UCITS Directive). The main difference between a NURS fund and a UCITS fund is that an investment manager has slightly wider investment powers under the rules applying to NURS funds. The Fund has not used these additional powers. Consequently, there are no changes to the Fund’s investment objective or policy, and the way it is managed will not change. 

Unitholder letter

1 April 2016

Schroder Core UK Equity Fund

Schroder Core UK Equity Fund, a sub-fund of Schroder Investment Fund Company, currently aims to achieve long term capital and income growth through investment primarily in the United Kingdom. The fund has followed an investment approach based around the business cycle, where the managers attempt to identify turning points in the cycle and then focus on the types of companies they believe will benefit from it. The investment team has decided that the fund will now move away from business cycle investing and towards a core bottom up investment approach.

The change does not require an amendment to the fund’s investment objective and policy but the Key investor information document has been revised to reflect this change in approach.

22 February 2016

Schroder Global Property Securities Fund

Proposal to change the name and the investment objective and policy of Schroder Global Property Income Maximiser (the Fund).

1. Amending the Fund’s investment objective and policy; and
2. changing the Fund’s name to Schroder Global Real Estate Securities Income.

Communication to unit holders - circular

19 February 2016

Schroder Global Property Income Maximiser

Japan Alpha Plus Fund merger into Schroder Tokyo Fund - 29th January 2016

The proposal to merge Schroder Japan Alpha Plus Fund into Schroder Tokyo Fund was approved by unitholders at unitholder meeting held on 22 January 2016.

Schroder Japan Alpha Plus Fund will be merged into Schroder Tokyo Fund by way of a scheme of arrangement on 29 January 2016. Schroder Japan Alpha Plus Fund will then be wound up.  The merger will provide unitholders with the benefit of economies of scale brought about through the management of a larger pool of assets.

Communication to unit holders - circular

Proposed date 19 February 2016

Schroder Japan Alpha Plus Fund

Schroder Institutional International Bond Fund: Closure 29 January 2016

Schroder Institutional International Bond Fund was closed on 29 January 2016 as it was no longer economically viable due to its size.

29 January 2016

Schroder Institutional International Bond Fund

Name change 19th February 2016

The fund’s name will change from Schroder Global Property Securities Fund to  Schroder Global Real Estate Securities Fund on 19 February 2016.  The adoption of “Real Estate” in the fund’s name is because this term is now more widely recognised and used in the sector than “Property".

Unitholder letter

29 January 2016

Schroder Asian Alpha Plus Fund 

Change of benchmark 
As from 1 October 2015, Schroder Asian Alpha Plus Fund’s benchmark will be changed from the MSCI AC Far East ex Japan (NDR) Index to the MSCI AC Asia ex Japan (NDR) Index.  The Fund’s benchmark provides a standard against which the performance of a fund can be measured. We believe that the new benchmark is a better comparator for the Fund’s performance as it includes India, the second biggest market economy in the region. The adoption of the benchmark does not impact the way in which the Fund is managed. 

01/10/2015 

Schroder Managed Balanced Fund 

Conversion from a non-UCITS retail fund to a UCITS fund 
As from 1 December 2015, Schroder Managed Balanced Fund will be authorised by the Financial Conduct Authority as a ‘UCITS scheme’ instead of being authorised as a ‘non-UCITS retail scheme’ (NURS). (A UCITS scheme is an open-ended collective investment fund which complies with the requirements of the UCITS Directive). The main difference between a NURS fund and a UCITS fund is that an investment manager has slightly wider investment powers under the rules applying to NURS funds. The Fund has not used these additional powers. Consequently, there are no changes to the Fund’s investment objective or policy, and the way it is managed will not change. 

Unitholder letter

01/12/2015 

Schroder Asian Alpha Plus Fund 

The maximum permitted gross leverage and the maximum permitted commitment leverage for the Schroder Asian Alpha Plus Fund were raised from 1.2 to 2.0 and 1.2 to 1.3 respectively 

14/09/2015 

Schroder Strategic Beta Fund 

The maximum permitted commitment leverage for the Schroder Strategic Beta Fund was raised from 3.5 to 7.0 

31/07/2015 

Schroder Managed Monthly High 
Income Fund 

The Schroder Managed Monthly High Income Fund has been renamed the Schroder Mixed Distribution Fund. 

There will be no change to the investment objective or policy of the fund and the fund will continue to be run in the same way. 

Unitholder letter

03/08/2015 

Schroder Absolute UK Dynamic Fund 

1. A change from daily dealing to weekly dealing with the dealing day being each Thursday; and 
2. A requirement that subscription and redemption instructions for dealing each Thursday are provided before 12:00 noon on the previous day.  

Shareholder letter

 24/04/2015 

Schroder UK Absolute Target Fund 

Changes to the fund approved at EGM - circular

• Amending the fund’s investment objective and policy 

• Changing the fund’s name to Schroder European Absolute Target Fund 

• The introduction of a Hurdle Rate on the performance fee 

• A change to the Fund’s P1 and P2 share class hedging strategy 

01/04/2015 

Schroder All Maturities Corporate Bond Fund 

The levying of an administration charge of 0.10 per cent. on Z income and Z accumulation unit classes. 

Unitholder letter

19/02/2015 

Schroder Recovery Fund 

The levying of an administration charge of 0.15 per cent. on A income and A accumulation unit classes. 

Unitholder letter

19/02/2015 

Schroder Absolute UK Dynamic Fund 

Fund re-opened to subscriptions 

17/02/2015 

Schroder European Alpha Plus Fund 

The investment objective and policy for the Schroder European Alpha Plus Fund was amended  from 2 January 2015.  The change clarified how the fund is managed. The change did not impact existing holdings in the fund.  

Shareholder letter

02/01/2015 

Schroder European Alpha Income Fund 

The investment objective and policy for the Schroder European Alpha Income Fund, a sub-fund of Schroder Investment Fund Company, was amended  from 2 January 2015.  The change clarified how the fund is managed. The change did not impact existing holdings in the fund.  

Unitholder letter

 02/01/2015 

Schroder Charity Fixed Interest Fund 

Merger approved at EGM 

Merger into Schroder Income Trust for Charities communication to unit holders - circular 

16/01/2015 

Schroder Multi-Managed Cautious Managed Fund 

Merger approved at EGM  

MM Diversity Income Fund Communication to unit holders - circular

24/10/2014 

Schroder Multi-Manager High Alpha Fund 

Merger approved at EGM 

MM Diversity Tactical Fund Communication to unit holders - circular

24/10/2014 

Schroder UK Dynamic Smaller Companies Fund 

Re-opening of the Schroder UK Dynamic Smaller Companies Fund to Share Subscriptions October 2014 

The Schroder UK Dynamic Smaller Companies Fund was closed to further subscription for shares from 22nd January 2014. 

The decision to close the Fund to new subscriptions was taken following significant inflows throughout 2013. 

There is now sufficient capacity in the Fund for us to accept new share subscriptions and we will, therefore, be re-opening the Fund to subscriptions effective from 20th October 2014. 

Fund moved to limited issue

20/10/2014 

Schroder MM Managed Portfolio Fund 

Merger approved at EGM  

Merger into Schroder MM Diversity Balanced Fund  

Communication to unit holders - 

 circular

17/10/2014 

Schroder MM Strategic Balanced Fund 

Merger approved at EGM  

Merger into Schroder MM Diversity Balanced Fund Communication to unit holders -  

circular

17/10/2014 

Schroder Global Real Estate Securities Limited 

Name change and amended investment objective approved at EGM on 14 October 2014. Results of the EGM can be  

read here

14/10/2014 

Schroder Corporate Bond Fund 

Merger approved at EGM 

Merger into Schroder UK Corporate Bond Fund Communication to unit holders - 

 circular

26/09/2014 

Schroder UK Growth Fund plc 

Philip Matthews is now Fund Manager for the fund with immediate effect 

30/10/2014 

Schroder UK Absolute Target Fund 

Steve Cordell lead manager of the Schroder UK Absolute Target Fund 

Following the announced departure of Julie Dean from Schroders, Steve Cordell will continue to manage the Schroder UK Absolute Target Fund as lead manager. 

Steve is a senior member of the Pan-European equity team with over 20 years investment experience. In addition to being the manager of the Schroder UK Absolute Target Fund manages Schroder ISF* European Equity Absolute Return, Schroder ISF* European Opportunities and Schroder ISF* European Equity ex UK. 

*International Selection Fund 

08/09/2014 

Schroder Global Climate Change Fund 

Merger approved at EGM 

Merger into Schroder QEP Global Core Fund Communication to unit holders - circular

01/09/2014 

Cazenove UK Opportunities Fund 

Schroder UK Opportunities Fund

24/03/2014

Cazenove European Fund 

Schroder European Opportunities Fund

24/03/2014

Cazenove Strategic Bond Fund 

Schroder Strategic Credit Fund

24/03/2014 

Cazenove UK Growth and Income Fund 

Schroder Core UK Equity Fund

24/03/2014 

*Cazenove UK Smaller Companies Fund 

Schroder UK Dynamic Smaller Companies Fund

24/03/2014 

Cazenove UK Corporate Bond Fund 

Schroder UK Corporate Bond Fund

24/03/2014 

Cazenove UK Equity Income Fund 

Schroder UK Alpha Income Fund

24/03/2014 

Cazenove European Income Fund 

Schroder European Alpha Income Fund

24/03/2014 

**Cazenove Absolute UK Dynamic Fund 

Schroder Absolute UK Dynamic Fund

24/03/2014 

Cazenove UK Absolute Target Fund 

Schroder UK Absolute Target Fund

24/03/2014 

Cazenove Multi-Manager Diversity Fund 

Schroder MM Diversity Fund

24/03/2014 

Cazenove Multi-Manager Global Fund 

Schroder MM International Fund

24/03/2014 

Cazenove Multi-Manager UK Growth Fund 

Schroder MM UK Growth Fund

24/03/2014 

Cazenove Diversity Income Fund 

Schroder MM Diversity Income Fund

24/03/2014 

Cazenove Multi-Manager Diversity Tactical Fund 

Schroder MM Diversity Tactical Fund

24/03/2014 

Cazenove Multi-Manager Diversity Balanced Fund 

Schroder MM Diversity Balanced Fund

24/03/2014 

Schroder Secure Distribution 2032 Fund 

Fund closed 

30/06/2014 

Schroder Moorgate II Fund 

The valuation point changed from 12.05pm to 12.00pm 

24/03/2014 

Former Cazenove Multi-Manager Fund range 

The valuation point for changed from 12.05pm to 12.00pm 

24/03/2014 

Former Cazenove Multi-Manager Fund range 

These funds have been renamed with the prefix "Schroder MM". Full details of the fund name changes are shown above. 

24/03/2014 

*Cazenove UK Smaller Companies Fund 

Fund closed 

22/01/2014 

**Cazenove Absolute UK Dynamic Fund 

Fund closed 

06/11/2013 

The ISA Plan Manager for Schroders has changed from Schroder Investments Limited to Schroder Unit Trusts Limited (whose registered office is 31 Gresham Street, London EC2V 7QA) as part of a bulk transfer in accordance with the ISA Regulations. We can assure you that the change of your ISA Plan Manager has no impact on the way your investment will be managed and is part of a process to simplify operations. There are no changes to investors' terms & conditions or to the Schroders contact details. 

24/03/2014 

Schroder US Alpha Plus Fund 

Fund closed 

27/11/2013

Schroder Absolute Return Bond Fund 

Change of Investment Objective 

12/11/2013

Schroder European Alpha Plus Fund 

Launch of hedged unit class

01/07/2013

Schroder European Fund 

Launch of hedged unit class 

01/07/2013

Schroder Japan Alpha Plus Fund 

Launch of hedged unit class 

01/07/2013

Schroder Tokyo Fund 

Launch of hedged unit class

01/07/2013

All Funds

Removal of initial charge across on all A unit classes

31/12/2012

Managed Wealth Portfolio 

Change of sub-investment adviser from Schroder Investment Management Limited to Schroder & Co

21/12/2012

Medical Discovery

Name change to Global Healthcare

07/12/2012

All Funds

Introduction of a de minimis distribution amount. This means that if the income amount calculated to be distributed is below £250 per unit class, the income may be withheld and carried forward to the next distribution date.

07/12/2012

Bond funds

Corporate Bond, Gilt & Fixed Interest and Monthly High Income adopted full UCITS derivative powers.

20/09/2012

Bond funds

Introduction of VaR monitoring across all bond funds, including All Maturities Corporate Bond.

01/06/2012

All Funds

Introduction of Key Investor Information Documents (KIIDs) and Supplementary Information Documents replacing Simplified Prospectuses and Fund Information pages.

14/05/2012

All Funds

Reduction in initial charges on A units from 5.25% to 3.25%. All UK funds will have an initial charge of 3.25% going forward.

01/03/2012

Global Property Securities

Renaming of C units to be called Z and reducing fees / increasing investment minima

27/02/2012

Monthly High Income

Renaming of C units to be called Z and reducing fees / increasing investment minima

27/02/2012

All Maturities Corporate Bond

Renaming of C units to be called Z and reducing fees / increasing investment minima

27/02/2012

Asian Income Maximiser

Renaming of C units to be called Z

23/01/2012

Global Alpha Plus

Renaming of C units to be called Z

23/01/2012

Global Climate Change

Renaming of C units to be called Z

23/01/2012

Global Property Income Maximiser

Renaming of C units to be called Z

23/01/2012

Dynamic Multi Asset Fund

Renaming of D1 units to be called Z

23/01/2012

QEP Global Core

Reduction in distribution frequency from semi-annual to annual

23/01/2012

Diversified Growth Fund (SUTL)

Introduction of Value at Risk (VaR) monitoring - letter

31/08/2011

Diversified Target Return Fund

Fund name change to Schroder Dynamic Multi Asset Fund 
Communication to unit holders - letter

25/07/2011

Equitised Global Asset Allocation

Fund closed 
Communication to unit holders - letter

14/06/2011

Strategic Bond

1. Fund name changed to Absolute Return Bond 
2. Investment objective changed 
Communication to unit holders - letter and circular

13/06/2011

Pacific

Merged into Asian Alpha Plus 
Communication to unit holders - letter and circular

13/05/2011

European

Fund merged into Institutional European 
Communication to unit holders - letter and circular

25/03/2011

Institutional European

Fund name changed to European Fund and valuation point changed to 12 noon 
Communication to unit holders - letter

25/03/2011

Global Asset Allocation

Reduction in investment limits from a maximum of 100% in other collective investment schemes to 10%

23/03/2011

Asian Alpha Plus

Reduction in investment limits from a maximum of 100% in other collective investment schemes to 10%

23/02/2011

Global Equity Income

Benchmark changed from MSCI All Countries World TR Net to MSCI World TR Net

01/01/2011

Multi-Manager Cautious Managed

Change in payment out of fund - All fees/charges charged wholly out of capital

01/08/2010

Corporate Bond

Clarification of investment objective

01/02/2010

UK Alpha Income

Liquidated

26/12/2009

Far East Income

Name changed to Schroder Asian Income

14/12/2009

US Small & Mid Cap

Name changed to Schroder US Mid Cap

01/06/2009

UK Income Defensive

Liquidated

24/04/2009

UK Select Growth

Fund merged into Schroder UK Equity

20/03/2009

UK Large Cap

Merged into Schroder UK Alpha Plus

31/10/2008