Subject to Financial Conduct Authority ("FCA") approval, the termination of JPM America Equity Fund is scheduled for 30 August 2019. This covers the below ISINs:  

Fund Name	SEDOL	ISIN
JPM America Equity Fund A Accumulation	BGSHG95	GB00BGSHG957
JPM America Equity Fund A Income	BGSHG84	GB00BGSHG841
JPM America Equity Fund B Accumulation	BGSHGB7	GB00BGSHGB71
JPM America Equity Fund C Accumulation	BGSHGD9	GB00BGSHGD95
JPM America Equity Fund C Income	BGSHGC8	GB00BGSHGC88
JPM America Equity Fund B Income	BM7SDL2	GB00BM7SDL21
JPM America Equity Fund S Accumulation (suspended)	BYMFGC4	GB00BYMFGC43
JPM America Equity Fund S Income (suspended)	BYMFGD5	GB00BYMFGD59

   
Please click here for more information.

Further to the recent mailing to notify current Donor shareclass unitholders of the proposed event, subject to their approval, dealing in the donor shareclasses will be suspended after the 12:00 VP on 06/03/2020 to allow the holdings in the donor shareclasses to be converted into the host share classes as detailed in the below table.

Should you have any queries on this communication please contact the DST Distributor Client Services Team, our contact details can be found by clicking here.

Please be aware that as of 15:30 on Monday 10 February the DOLR website (edistributor.ifdsgroup.co.uk) will no longer be available and will be redirected to the Distributor Portal Homepage.

If you do not have access to the Secure Portal please complete the required steps to have your recipient ID migrated and your user access created. For further information please click the image below.

Once the re-direction has been put into place the old DOLR service will be fully de-commissioned and will no longer be accessible.

Click here for details of the new service...

At an EGM of shareholders held on 17th January 2020 the resolution to consider the scheme of arrangement to merge JPMorgan Fund ICVC – JPM UK Higher Income Fund with JPMorgan Fund II ICVC – JPM UK Equity Income Fund as per the terms set out in a document dated 27th November 2019 and addressed by JPMorgan Funds Limited to shareholders, was approved.

This merger will be effective from 15th February 2020.

Please note that the Investec Target Return Bond Fund will be closing on Tuesday 18th February 2020. The final day for dealing is Monday 17th February 2020 and trade orders need to be received before the 12 noon valuation point on this day. Any investor remaining in the Fund on Tuesday 18th February 2020 will have their holding compulsorily redeemed on this day. 

Should you have any queries on this communication please contact the DST Distributor Client Services Team, our contact details can be found by clicking here.

Closing Fund Full Name, Share Class & Share Type	ISIN
Investec Target Return Bond Fund S Accumulation Shares	GB00B0FNM638
Investec Target Return Bond Fund A Accumulation Shares	GB00B12B5V34
Investec Target Return Bond Fund I Accumulation Shares	GB00B0FNM414
Investec Target Return Bond Fund I Income Shares	GB00B71DHL68
Investec Target Return Bond Fund R Accumulation Shares	GB00B8KYT559

• Important: Proposed Merger of Artemis US Equity Fund into Artemis US Select Fund

Current Fund	Receiving Fund
US Equity I Acc (GB00BMMV4S07)	US Select I Acc (GB00BMMV5105)

• What is changing?

1. If it is approved by shareholders, we propose to transfer the assets of the Current Fund into the Receiving Fund by a process called a Scheme of Arrangement (the “Merger”). New shares in the Receiving Fund will then be issued to you in exchange for your existing shares in the Current Fund.
2. Following this, the Current Fund will be closed.

• Why is Artemis making these changes?

1. We have undertaken an assessment on the ongoing viability of the Current Fund. Having considered a number of options, we have concluded that a merger of the Current Fund with the Receiving Fund is in the best interests of investors.

• When will the changes take place?

1. In order for the Merger to proceed, at least 75% of votes cast at an Extraordinary General Meeting of shareholders (“EGM”) on 6 February 2020 at 10.00am (UK time) must be in favour of the transfer.
2. Investors can vote for or against this proposal, either in person at the EGM or by sending us a completed copy of the Voting Form, to be received by us by 10.00am (UK time) on 4 February 2020.
3. If the Merger is approved at the EGM, the Merger will take place on 14 February 2020 (the “Effective Date”).
4. The results of the EGM will be published on our website www.artemisfunds.com by 5.00pm (UK time) on 7 February 2020.

• How will you be impacted by these changes?

1. If it is approved, the Merger will bind all investors in the Current Fund on 14 February 2020 whether or not they voted in favour of it, or voted at all. If the Merger is not approved, the Current Fund will continue in its existing form and Artemis will review its options in relation to the Current Fund.
2. The Current Fund closely resembles the Receiving Fund and has a number of features that are similar, and so it is a felt to be a suitable alternative fund for investors in the Current Fund who wish to maintain their exposure to a long only US equity strategy.

• What options are available to you?

1. Our priority is to minimise any disruption to you and provide ongoing certainty and continuity. We believe that approving the proposed Merger would be in your best interests.
2. If the Merger is approved and you wish to redeem your existing shares in the Current Fund (“Existing Shares”) or switch your holding before the Merger takes place, we must receive your instructions before 12.00 noon (UK time) on 14 February 2020. If you send a request after this time, we will treat this as applying to your new shares in the Receiving Fund issued under the Merger and it will be processed on the next dealing day in the Receiving Fund. If you wish to redeem or switch your Existing Shares prior to the Merger, please contact us using the details below.

• Please note that a redemption or switch will be treated as a disposal of your Existing Shares for tax purposes and you may be liable to capital gains tax on any gains arising from the redemption or switch of your Existing Shares.

• What are the tax implications of the proposed change?

1. The tax implications of the proposed Merger are described in Part B of the Circular.

• If you are in any doubt about your potential liability to tax, you should consult a professional adviser. Please note that Artemis will not be responsible for or pay any investor’s personal tax liability arising from the Merger.

 

Further to the recent mailing to notify Quilter Investors Foundation shareclass unitholders of the proposed merger, please be aware that unitholdings in the donor shareclasses listed in the table below will be merged into the corresponding Host shareclass on 17/01/2020. Please be aware that this merger will involve GBP, USD and Euro shareclasses.

Instructions to deal into the Donor shareclasses can be accepted up to 12:00 on 13/01/2020. Instructions received after this time cannot be accepted, dealing in the host shareclasses will not be restricted. Re-registrations via STP will be restricted at close of business on 16/01/2020. it will be possible to instruct re-registrations by pots, fax or telephone up to 12:00 on 13/01/2020.

Should you have any queries on this communication please contact the SS&C Distributor Client Services Team, our contact details can be found by clicking here. 

 

 

We are pleased to confirm that Calastone trading is now available on Janus Henderson Euro funds and Janus Henderson USD funds.  

Please contact us if you require any further information.   

On 15/11/2019, a notification letter  was issued to the current unitholders of the shareclasses listed below to inform them that the fund will be closed on 27/01/2020

The shareclasses listed below will be closed to new subscriptions and top ups from 12:00 on 13/01/2020, it will be possible to place repurchases, switches out and transfer out up to 12:00 on 24/01/2020. Any ISA unitholdings present in the closing shareclasses on value date 27/01/2020 will be switched to the ASI Sterling Money Market Fund Acc A Share OEIC, All unwrapped unitholdings will be repurchased and settlement payments will be made to the clients settlement details on file. Please refer to the letter that was sent to existing unitholders on 15/11/19 for further details.

Should you have any queries on this communication please contact the DST Distributor Client Services Team, our contact details can be found by clicking here.

Units in the Jupiter Unit Trust range may be bought and sold on any business day on which the London Stock Exchange is open. Some Unit Trust funds will be exposed to other stock exchanges that may be closed, restricted or suspended for trading and settlement on UK business days. Such closures, restrictions or suspensions will be treated as designated non-dealing days for funds which invest a substantial amount of their portfolio on stock exchanges outside of the UK.

On these designated non-dealing days, no subscriptions or redemptions will be accepted. Please note that any dealing instruction submitted on these days will be carried forward to the next business day for processing, and that these changes apply to all share classes of the applicable funds named below.

The designated non-dealing days for 2020 are listed below:

Jupiter Japan Income
2 January, 3 January, 4 May, 5 May, 6 May, 23 July, 24 July, 21 September and 22 September..

Jupiter Asian Fund
27 January, 28 January, 1 October and 2 October.

Jupiter Asian Income Fund
27 January, 28 January, 1 October and 2 October.

Jupiter China Fund
27 January, 28 January, 1 October and 2 October.

CHANGES TO:

ASI MYFOLIO MULTI-MANAGER INCOME II FUND
ASI MYFOLIO MULTI-MANAGER INCOME III FUND
ASI MYFOLIO MULTI-MANAGER INCOME IV FUND
   
As part of our commitment to our investors, we regularly review our range of funds to ensure that they remain able to meet the needs of our investors and are appropriate in the current market place. As a result of this review we will be making the following changes to the funds, effective 1st January 2020:  
   
· Change of name  
· Change of investment objective to reflect change of name  
· Change in income distribution frequency from quarterly to monthly and the ability to smooth income distribution across an accounting period  
· Reduction in Annual Management Charges (AMCs) on the Retail, Institutional and Platform 1 share classes.  
   
Please refer to the below mailings which were issued to all clients 1st November 2019 for further detail and contact us if you require any further information.

Aberdeen MyFolio II Client Letter
Aberdeen MyFolio III Client Letter
Aberdeen MyFolio IV Client Letter

We are pleased to announce that our conversion of users from DOLR to our new DCS Secure Portal will be completed over this coming weekend (30 November/1 December).

May we remind users that they will no longer be able to login to DOLR, the new DCS Secure Portal can be accessed through the following link: https://secure.dstdistributorportal.com/login

Should you have any issues logging into the portal please contact DCSRM@uk.dstsystems.com

If you have not yet registered to access the new portal, please may we encourage you to follow these steps:

• The following link provides a summary of the Secure Portal with some updates on the functionality - https://www.dstdistributorportal.com/seq-1   
• For further information including FAQ please access our Help Centre - https://support.dstdistributorportal.com/support/solutions/75000001430
• Group email addresses are no longer valid. To enhance user security, we will only create individual logins. This link will enable you to submit user setup request - https://www.dstdistributorportal.com/seq-3  
• Once your profile is created you will receive an email from dcs-noreply@uk.dstsystems.com with a link which you should follow to setup a password and security questions

This announcement is to advise you that M&G Securities Limited will be making changes to the M&G Global Recovery Fund OEIC (a sub-fund of M&G Investment Funds (12)), effective from 6 December 2019.

 

The fund will change its investment approach and will be renamed the M&G Global Strategic Value Fund.

 

All share classes of the fund are impacted and are shown below and on the attached file. Also attached is the investment Circular detailing the changes, this has been sent to all shareholders of the fund by post today.

 

Fund & Share Class	ISIN
M&G Global Recovery Fund Euro A Accumulation	GB00BYRJNL93
M&G Global Recovery Fund Euro C Accumulation	GB00BYRJNM01
M&G Global Recovery Fund Sterling A Accumulation	GB00B3V2KY90
M&G Global Recovery Fund Sterling A Income	GB00B6QQDK47
M&G Global Recovery Fund Sterling I Accumulation	GB00B6173L33
M&G Global Recovery Fund Sterling I Income	GB00B706FQ75
M&G Global Recovery Fund Sterling R Accumulation	GB00B7MYFM53
M&G Global Recovery Fund Sterling R Income	GB00B7Q06F91
M&G Global Recovery Fund USD A Accumulation	GB00BYRJNN18
M&G Global Recovery Fund USD C Accumulation	GB00BYRJNP32

 

Key Headlines are:

• The fund will be renamed the M&G Global Strategic Value Fund.
• The fund’s Investment approach will be revised but the objective and investment policy will not change.
• The funds Risk Rating is not expected to change as a result of these changes.

 

If you have any query concerning this matter please contact M&G Securities Limited on 0800 390 390 or at info@mandg.co.uk.

M&G – FUND SUSPENSION NOTIFICATION

Important information 

We have been notified by M&G that they have temporarily suspended trading in the below fund(s):

What happens now?

Deals received for these funds from the effective date and time will be cancelled / rejected. The fund suspension will continue until further notice.

For further information please refer to the M&G website:

https://www.mandg.co.uk/investor/articles/property-portfolio-temporary-suspension/ 

This notification is to advise you that termination prices issued for the closure of the M&G European High Yield Bond Fund on 30 November 2019 were incorrect. These incorrect prices were used to price redemption trades on 30 November 2019 and were shown on deal confirmations on Distributor Online Daily Dealing reports produced on the evening of 30 November 2019.     

      

Please do not use these prices in pricing any trades from 30 November or input them on your systems, instead please use the revised correct prices which are attached.     

      

Please note the following key points;     

      

• Prices made on 30 November 2019 for the closing share classes of the M&G European High Yield Bond Fund have been overstated by approximately 17%.     
• Cash considerations reported for redemption trades in the fund at close of business on 30 November 2019 were therefore overstated by approximately 17%.     
• These trades are being reworked today (02/12/2019) and revised prices and cash considerations will be shown on Distributor Online Daily Dealing reports by close of business today. Paper contract notes will be issued tomorrow and will show correct trade details.     
• To accommodate the trade corrections new confirmations/contract notes will show the correct prices, cash and units but will be dated 02/12/2019 at 14:00.     
• Settlements based on the revised correct prices will still occur on T+3 which is 4 December 2019. Any settlements for these trades which would usually be made via Calastone or CREST will be processed outside of these portals and directly paid to relevant bank accounts.     

      

Please accept our apologies for any inconvenience this situation has caused. The error was a result of some misappropriated currency valuations on underlying assets. Additional controls have been introduced by M&G to ensure this does not happen in future.       

Should you have any queries on this communication please see the contact details for M&G Charities by clicking here.

ARCHITAS  R to A SHARECLASS CONVERSION 13/12/2019

Due to an internal conversion project dealing will be temporarily suspended into our R and A share classes from 12.01 on Thursday 12th December until 09:00 on Friday 13th. During this time, Calastone will be unavailable for dealing for these share classes so any deals can either be held or submitted manually. Dealing will reopen at 09.00 on Friday 13th  December, including Calastone, so any manual deals previously held will be placed before the 12:00 dealing cut off and will achieve the same valuation point as they would have received if they had been placed at the original date of receipt, i.e. the 08:00 VP on Monday 16th December.

Please refer any  queries related to this event to the SS&C Distributor Client Services Team, our contact details can be found on the Contact Us page.

As of Monday 2^nd December the TM CRUX UK Fund will rename to TM CRUX UK CORE Fund, no changes to ISIN/SEDOL;

Further to the recent mailing to notify unitholders of the upcoming conversion of T shareclass unitholdings into the S shareclasses, please be advised that instructions to repurchase units in the T Shareclasses can be accepted up to 12:00 on 13/12/19. Straight Through Processing for the T shareclasses will be unavailable after this time.

Instructions to subscribe, top-up or repurchase cash amounts in the T shareclasses can be accepted up to 12:00 on 12/12/2019.

All unitholdings in the T shareclasses as at 12:00 13/12/19 will be converted into the corresponding S shareclasses as detailed in the below table.  The conversion will take place in the VP for value date 16/12/19. The T shareclasses will be closed following the VP on 16/12/19.

Please refer any  queries related to this event to the SS&C Distributor Client Services Team, our contact details can be found by clicking here.

Janus Henderson UK Index Fund & Janus Henderson UK Tracker Fund with Janus Henderson  Institutional UK Index Opportunities Trust.

Please be advised that, following  shareholder approval, Janus Henderson Investors will be merging the funds noted below on the 5 December 2019. The final valuation point (VP) for the donor fund will be at 12:00 on Thursday 5 December 2019. There is a non-dealing day on Friday 6 December across all share classes in both the Donor and Host funds. Normal dealing in the host fund will resume 9:00 on Monday 9 December 2019.

Should you have any queries on this communication please contact the DST Distributor Client Services Team, our contact details can be found by clicking here.

Schroders will be undertaking phase 2 conversions on the 30th of November. For further information please click here.