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, where relevant) the Funds invest in will reduce and will be replaced by global shares (and bonds, where relevant). 

Yes. To make these changes we need to sell some existing investments and buy some new ones. Any associated transaction costs (brokerage, transaction taxes and commission) will be deducted from the value of the Fund.

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 £3 and £14.  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. 

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.

There will be no change to the risk profile of the Funds. This is because no changes are being made to the overall amount being invested in shares or bonds. 

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 (either 2nd or 3rd July). 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: