Schroders cuts initial charges

Schroders has aligned the initial charges across its fund range at 3.25% ahead of the retail distribution review’s (RDR’s) implementation at the end of the year.

The initial charges on 23 retail Ucits funds have been lowered by 200 basis points from 5.25%, effective from today, as part of the move. In addition, six Nurs funds and two institutional products have seen their charges cut.

Products included in the change include the £2.8 billion Schroder UK Alpha Plus fund, managed by Richard Buxton, the Andy Brough-helmed £1.3 billion Schroder UK Mid 250 fund and Kevin Murphy and Nick Kirrage’s £1.1 billion Schroder Income fund.

A letter from Schroders to unitholders explains: “Following a review of our funds we decided to reduce the charges on a number of our funds to ensure harmonisation across our range.”

The asset manager has already launched its Z share classes, which do not pay trail commission, across the UK fund range in preparation for the post-RDR world. (article continues below)

The funds affected by the latest move are:


Schroder Asian Income

Schroder Asian Income Maximiser

Schroder European Alpha Plus

Schroder European Smaller Companies

Schroder Gilt and Fixed Interest

Schroder Global Alpha Plus

Schroder Global Climate Change

Schroder Global Emerging Markets

Schroder Global Equity Income

Schroder Global Property Securities

Schroder Income

Schroder Income Maximiser

Schroder Japan Alpha Plus

Schroder Managed Wealth Portfolio

Schroder Medical Discovery

Schroder Recovery

Schroder Tokyo

Schroder UK Alpha Plus

Schroder UK Equity

Schroder UK Mid-250

Schroder UK Smaller Companies

Schroder US Mid Cap

Schroder US Smaller Companies


Schroder Asian Alpha Plus

Schroder Dynamic Multi-Asset

Schroder Managed Balanced

Schroder Multi-Manager Cautious Managed

Schroder Multi-Manager High Alpha