Fund mergers – Multipartner SICAV - RobecoSAM funds
Multipartner SICAV has announced that it will be merging a number of funds into corresponding sub-funds from the Robeco Capital Growth fund range which will take effect from 30 October 2020.
Impacts on
these defined fund range products
Impacts on
open architecture products including
- PIMS
- Choice
- Select
Reason for the merger
Multipartner SICAV has announced that it will be merging its Multipartner SICAV - RobecoSAM Global Gender Equality Impact Equities, Multipartner SICAV - RobecoSAM Smart Energy, Multipartner SICAV - RobecoSAM Sustainable Healthy Living and Multipartner SICAV - RobecoSAM Sustainable Water funds (“the merging funds”) into corresponding sub-funds from the Robeco Capital Growth fund range on Friday 30 October 2020. The merging funds can be found in our defined fund range products Oracle, Paragon, Quantum, Quantum Malaysia, Regular Savings Plan, Regular Savings Plan Malaysia and Lifeplan.
Multipartner SICAV are planning to merge the merging funds into the Robeco Capital Growth Funds - RobecoSAM Global Gender Equality Impact Equities, The Robeco Capital Growth Funds – RobecoSAM Smart Energy Equities, the Robeco Capital Growth Funds – RobecoSAM Sustainable Healthy Living Equities and Robeco Capital Growth Funds - RobecoSAM Sustainable Water Equity (“the receiving funds”) to improve operational efficiency, provide better economies of scale and improve commercial attractiveness.
The investment objectives and policies of the receiving funds will remain the same as the investment objectives and policies of the merging funds. The ongoing charges ("OCF") of the receiving funds will be at a reduced rate to the merging funds.
A comparison of the merging funds and the receiving funds can be found in the table below.
Funds available in our open architecture products
Various Multipartner SICAV - RobecoSAM funds can be found in our open architecture products and on the merger date, holdings will automatically transfer to the receiving fund as detailed in the Multipartner SICAV notification document opposite.
Funds available in our defined fund range products
We will close the merging funds to new business and switches in with effect from 19 Oct 2020 at 3pm (the “effective date”). Existing investors can continue to invest in the merging funds until the effective date. The receiving funds are due to become active on 30 October 2020. Due to the receiving funds being new fund launches it can cause administrative delays so we will automatically switch holdings, and redirect any regular payment allocation, into the receiving funds on or before 4 November 2020.
After the effective date, dealing in each of the Merging Sub-Funds will be suspended. In the event that the suspension is required on another date and/or needs to be significantly extended due to unforeseen circumstances, shareholders will be informed accordingly.
We have written to our guided-architecture policyholders, or their appointed investment adviser, who are impacted by the merger 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.
| Merging fund details | Receiving fund details | |
|---|---|---|
| Fund name, ISIN & OCF | Multipartner SICAV – RobecoSAM Global Gender Equality Impact Equities B Acc EUR – LU1277652514 (OCF – 1.76%) | Robeco Capital Growth Funds – RobecoSAM Global Gender Equality Impact Equities D Acc EUR – LU2145458969 (OCF – 1.61%) |
| Fund name, ISIN & OCF | Multipartner SICAV – RobecoSAM Global Gender Equality Impact Equities B Acc USD – LU1277654643 (OCF – 1.78%) | Robeco Capital Growth Funds – RobecoSAM Global Gender Equality Impact Equities D Acc USD – LU2145459009 (OCF – 1.61%) |
| Fund name, ISIN & OCF | Multipartner SICAV – RobecoSAM Smart Energy B Acc CHF – LU0267923984 (OCF 1.84%) | Robeco Capital Growth Funds – RobecoSAM Smart Energy Equities D Acc CHF – LU2145461674 (OCF – 1.71%) |
| Fund name, ISIN & OCF | Multipartner SICAV – RobecoSAM Smart Energy B Acc EUR – LU0175571735 (OCF – 1.85%) | Robeco Capital Growth Funds – RobecoSAM Smart Energy Equities D Acc EUR – LU2145461757 (OCF – 1.71%) |
| Fund name, ISIN & OCF | Multipartner SICAV – RobecoSAM Smart Energy B Acc USD – LU0267919529 (OCF – 1.84%) | Robeco Capital Growth Funds – RobecoSAM Smart Energy Equities D Acc USD – LU2145461914 (OCF – 1.71%) |
| Fund name, ISIN & OCF | Multipartner SICAV – RobecoSAM Sustainable Healthy Living B Acc EUR – LU0280770768 (OCF – 1.85%) | Robeco Capital Growth Funds – RobecoSAM Sustainable Healthy Living Equities D Acc EUR – LU2146189407 (OCF – 1.71%) |
| Fund name, ISIN & OCF | Multipartner SICAV – RobecoSAM Sustainable Healthy Living B Acc USD – LU0280772970 (OCF – 1.84%) | Robeco Capital Growth Funds – RobecoSAM Sustainable Healthy Living Equities D Acc USD – LU2146189589 (OCF – 1.71%) |
| Fund name, ISIN & OCF | Multipartner SICAV – RobecoSAM Sustainable Water B Acc EUR – LU0133061175 (OCF – 1.85%) | Robeco Capital Growth Funds – RobecoSAM Sustainable Water Equities D Acc EUR – LU2146190835 (OCF – 1.71%) |
| Fund name, ISIN & OCF | Multipartner SICAV – RobecoSAM Sustainable Water B Acc USD – LU0267923398 (OCF – 1.85%) | Robeco Capital Growth Funds – RobecoSAM Sustainable Water Equities D Acc USD – LU2146191130 (OCF – 1.71%) |
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For more information about Robeco visit https://www.robeco.com/luxembourg/