Tiered pricing on the Fixed Annual Charge
A discount may be applied to the Fixed Annual Charge payable on certain share or unit classes of the sub-funds of Jupiter Investment Management Series I and of Jupiter Investment Management Series II, and each of the UCITS Unit Trusts and Jupiter Merlin Portfolios (each, a “Fund”) based on the value of the scheme property of the relevant Fund. The share or unit classes eligible for a discount across all the Funds are the following: I Classes, IH Classes, J Classes, L Classes, P Classes, T Classes, U1 Classes, U2 Classes, Z1 Classes and Z2 Classes. The discount will also apply to the Z Class of the Jupiter Strategic Bond Fund only.
The discount (if any) currently applied to the Fixed Annual Charge payable on these eligible share or unit classes can be found in the table below.
Fund | Current discount applied to the Fixed Annual Charge 23/02/2024 |
---|---|
Jupiter Asian Income Fund | 0.02% |
Jupiter Ecology Fund | 0.02% |
Jupiter European Fund | 0.06% |
Jupiter Global Value Equity Fund | 0.02% |
Jupiter Income Trust | 0.04% |
Jupiter India Fund | 0.02% |
Jupiter Japan Income Fund | 0.02% |
Jupiter Merian North American Equity Fund | 0.04% |
Jupiter Merlin Balanced Portfolio | 0.04% |
Jupiter Merlin Growth Portfolio | 0.04% |
Jupiter Merlin Income Portfolio | 0.04% |
Jupiter Strategic Bond Fund | 0.04% |
Jupiter UK Mid Cap Fund | 0.02% |
Jupiter UK Special Situations Fund | 0.04% |
To calculate the Fixed Annual Charge payable after the discount (if any), the amount set out in the table above should be subtracted from the Fixed Annual Charge of the eligible share or unit class. This is stated in the offering documents of the Funds as follows:
- schedule 1 of the Jupiter Investment Management Series I and Jupiter Investment Management Series II Prospectus (see section 30.3 for an explanation of how the discount applicable to the Fixed Annual Charge is calculated);
- appendix A of the Jupiter UCITS Unit Trust Scheme Particulars (see section 18.3 for an explanation of how the discount applicable to the Fixed Annual Charge is calculated); and
- section 2 of the Jupiter Merlin Portfolios Scheme Particulars (see section 17 for an explanation of how the discount applicable to the Fixed Annual Charge is calculated).
An example calculation is set out below.
Example: Jupiter Monthly Income Bond Fund, L (GBP) Shares | |||
---|---|---|---|
Fixed Annual Charge (as set out in Schedule 1 of the JIMS I Prospectus) | Value of the scheme property (Net Asset Value) | Discount applied to the Fixed Annual Charge | Fixed Annual Charge after application of the discount (if any) |
1.15% | less than £500 million | no discount | 1.15% |
£500 million and above | 0.02% of the fund’s NAV | 1.13% | |
£1.5 billion and above | 0.04% of the fund’s NAV | 1.11% | |
£3 billion and above | 0.06% of the fund’s NAV | 1.09% |