Share class transfer - Threadneedle Global Select fund (USD)

Reason for the transfer

Columbia Threadneedle are mid-way through a process to transfer the assets of investors in certain funds within their UK fund range to equivalent funds in its established Luxembourg range. This is to ensure that its EU-based investors remain invested in funds that have a UCITS* status, because Columbia Threadneedle believe it is likely that when the UK leaves the European Union UK domiciled funds will lose this status. 

The transfer process includes 20 funds from the UK-based range with the launch of 13 new funds in the Luxembourg range. 6 of the UK funds will close in their entirety whilst the remaining 14 will merge the CHF, EUR and USD currency funds across, leaving the GBP currency funds to continue to operate in its UK range. The Columbia Threadneedle EU Asset Transfer notification opposite details all the funds affected. 

The new Luxembourg share class will only launch on the merger/transfer date, therefore we will not be able to offer you access to the Luxembourg receiving fund until after the merger/transfer date.

Threadneedle Global Select Fund

The USD share class will transfer to the equivalent share class in a new Luxembourg domiciled fund on 27 January 2019. The first day of dealing in the new fund will be 28 January 2019.

Action to be taken for open-architecture policyholders

On the transfer date, any holdings in the share class will automatically transfer to the equivalent receiving Luxembourg share class, unless we are instructed otherwise before this date. We can accept dealing instructions in and out of the fund until 23 January 2019. 
 

Action to be taken for guided-architecture policyholders

On the transfer date, any holdings in the share class will automatically transfer to the equivalent receiving Luxembourg share class, unless we are instructed otherwise before this date. For regular payment policies, premium allocations will also be redirected to the receiving share class. 

Please note that we have now closed the Threadneedle Global Select Fund to new business and switches in, but we can accept switches out until 23 January 2019. 

We have written to our guided-architecture policyholders, or their appointed investment adviser, who are impacted by the transfers informing them of the action we will be taking and their option for switching to a new fund if they prefer. Servicing financial advisers will receive a sample of the letter for their information. 

You can view samples of the policyholder and investment adviser letters opposite along with the Columbia Threadneedle notifications. 

*UCITS stands for Undertaking in Collective Investments in Transferable Securities. UCITS funds can be sold to any investor within the European Union under a harmonised regulatory regime. 

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For more information about Columbia Threadneedle visit www.columbiathreadneedle.com/