Neptune Accumulation Share Class Distribution Frequency Change

Please be advised as a holder of accumulation shares, the distribution frequency of your investment(s) is changing.  
   
Neptune is continually looking for ways to improve the efficiency of the funds and we believe that it is in our clients’ best interests to reduce the distribution frequency of accumulation share classes to once per annum.  
   
Distribution costs are borne by the funds. By reducing the distribution frequency of accumulation share classes to annual, the overall costs of running the fund(s) will fall and this will be reflected by a lower OCF (ongoing charge figure).  
   
As income is wrapped up into the price of accumulation share classes on a daily basis, we do not envisage any negative impact to clients arising from this change. This change will become effective on 30th June 2018. No further interim distributions will take place on accumulation share classes from this date onwards.