We’re making some changes

To implement these changes we need to sell some existing investments and buy some new ones. We call this ‘repositioning’. Any associated transaction costs (brokerage, transaction taxes and commission) will be deducted from the value of the Fund. The percentage of the Fund’s portfolio being repositioned and estimated transaction costs are set out in the “Changes in Detail” section.

We can’t confirm what these exact costs will be. However, we can give you an estimate. Based on an investment of £10,000, the extra one off cost would be between £1 and £5.  The actual cost would depend on the fund in which you’re invested.

All legal, advisory and administrative costs and expenses associated with implementing these changes will be met by us and not by the Fund. 

There will be no change to the stated risk profile of the Fund as a result of these changes. 

No.  The Funds will be managed by the same expert team at Coutts, the investment manager of the Funds.  

Yes.  The amount of UK shares [and bonds] the Funds invest in will reduce and will be replaced by global shares [and bonds]. 

No. The changes will not result in you having to pay Capital Gains Tax (CGT).

No. Each Fund will become fully managed to the new benchmark on the same day as the Effective Date as set out in the “When do the changes happen” section above.

Changes will be made on the dates outlined in the section “When do the changes happen?” You can withdraw your money and/or transfer it to another provider at any time.  You’ll need to withdraw and/or have transferred it to another provider before the benchmark change happens for the Fund you hold. It is important to note that the sale of any portion of the Fund holding could trigger a potential Capital Gains Tax liability.

Yes. 

As at 29th February 2024, the regional exposure of the MSCI All Countries World Index ESG Screened Select Index is: