Historical Investor Tax Reporting - UK
Background to UK Reporting Fund Status
A class must apply to HM Revenue & Customs ("HMRC") to become a reporting fund and once in the regime remains a reporting fund permanently so long as the annual duties are met. Reporting funds have an annual requirement to calculate and report to UK investors and HMRC the reportable income per share and distributions made for each share class. Provided the Fund complies with this annual reporting requirement, any gain accruing upon sale or other disposal of the interest by each UK shareholder will be subject to tax as a capital gain rather than income.
A shareholding in the relevant share class of the Fund constitutes an interest in an offshore fund from a United Kingdom ("UK") taxation perspective. Each Share Class is treated as a separate 'offshore fund' for these purposes.
What does this mean for investors?
Investors will be required to include on their tax return any distributions received during the year and their proportionate share of reportable income in excess of any distributions made in relation to the profits of the accounting period.
The deemed distribution date for excess reportable income over any cash distributions received is 6 months after the end of the accounting period.
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2023
Emerging Markets Large Cap Core Equity Fund
Emerging Markets Sustainability Core Equity Fund
Emerging Markets Value Fund
Euro Inflation Linked Intermediate Duration Fixed Income Fund
European Small Companies Fund
European Value Fund
Global Core Equity Fund
Global Core Fixed Income Fund
Global Short Fixed Income Fund
Global Short-Term Investment Grade Fixed Income Fund
Global Small Companies Fund
Global Sustainability Core Equity Fund
Global Sustainability Short Fixed Income Fund
Global Sustainability Fixed Income Fund
Global Sustainability Targeted Value Fund
Global Targeted Value Fund
Global Ultra Short Fixed Income Fund
Global Value Fund
Pacific Basin Small Companies Fund
Sterling Inflation Linked Intermediate Duration Fixed Income Fund
U.S. Core Equity Fund
U.S. Small Companies Fund
World Allocation 20/80 Fund
World Allocation 40/60 Fund
World Allocation 60/40 Fund
World Allocation 80/20 Fund
World Equity Fund
World Sustainability Equity Fund
Emerging Markets Targeted Value Fund
2022
Emerging Markets Large Cap Core Equity Fund
Emerging Markets Sustainability Core Equity Fund
Emerging Markets Value Fund
Euro Inflation Linked Intermediate Duration Fixed Income Fund
European Small Companies Fund
European Value Fund
Global Core Equity Fund
Global Core Fixed Income Fund
Global Short Fixed Income Fund
Global Short-Term Investment Grade Fixed Income Fund
Global Small Companies Fund
Global Sustainability Core Equity Fund
Global Sustainability Short Fixed Income Fund
Global Sustainability Fixed Income Fund
Global Targeted Value Fund
Global Ultra Short Fixed Income Fund
Global Value Fund
Pacific Basin Small Companies Fund
Sterling Inflation Linked Intermediate Duration Fixed Income Fund
U.S. Core Equity Fund
U.S. Small Companies Fund
World Allocation 20/80 Fund
World Allocation 40/60 Fund
World Allocation 60/40 Fund
World Allocation 80/20 Fund
World Equity Fund
Emerging Markets Targeted Value Fund
2021
Emerging Markets Large Cap Core Equity Fund
Emerging Markets Value Fund
Euro Inflation Linked Intermediate Duration Fixed Income Fund
European Small Companies Fund
European Value Fund
Global Core Equity Fund
Global Core Fixed Income Fund
Global Short Fixed Income Fund
Global Short-Term Investment Grade Fixed Income Fund
Global Small Companies Fund
Global Sustainability Core Equity Fund
Global Sustainability Fixed Income Fund
Global Targeted Value Fund
Global Ultra Short Fixed Income Fund
Global Value Fund
Pacific Basin Small Companies Fund
Sterling Inflation Linked Intermediate Duration Fixed Income Fund
U.S. Core Equity Fund
U.S. Small Companies Fund
World Allocation 20/80 Fund
World Allocation 40/60 Fund
World Allocation 60/40 Fund
World Allocation 80/20 Fund
World Equity Fund
Emerging Markets Targeted Value Fund
2020
Emerging Markets Large Cap Core Equity Fund
Emerging Markets Value Fund
Euro Inflation Linked Intermediate Duration Fixed Income Fund
European Small Companies Fund
European Value Fund
Global Core Equity Fund
Global Core Fixed Income Fund
Global Short Fixed Income Fund
Global Short-Term Investment Grade Fixed Income Fund
Global Small Companies Fund
Global Sustainability Core Equity Fund
Global Sustainability Fixed Income Fund
Global Targeted Value Fund
Global Ultra Short Fixed Income Fund
Global Value Fund
Pacific Basin Small Companies Fund
Sterling Inflation Linked Intermediate Duration Fixed Income Fund
U.S. Core Equity Fund
U.S. Small Companies Fund
World Allocation 20/80 Fund
World Allocation 40/60 Fund
World Allocation 60/40 Fund
World Allocation 80/20 Fund
World Equity Fund
Emerging Markets Targeted Value Fund
2019
Emerging Markets Large Cap Core Equity Fund
Emerging Markets Value Fund
Euro Inflation Linked Intermediate Duration Fixed Income Fund
European Small Companies Fund
European Value Fund
Global Core Equity Fund
Global Core Fixed Income Fund
Global Short Fixed Income Fund
Global Short-Term Investment Grade Fixed Income Fund
Global Small Companies Fund
Global Sustainability Core Equity Fund
Global Targeted Value Fund
Global Ultra Short Fixed Income Fund
Global Value Fund
Pacific Basin Small Companies Fund
Sterling Inflation Linked Intermediate Duration Fixed Income Fund
U.S. Core Equity Fund
U.S. Small Companies Fund
World Allocation 20/80 Fund
World Allocation 40/60 Fund
World Allocation 60/40 Fund
World Allocation 80/20 Fund
World Equity Fund
Emerging Markets Targeted Value Fund
2018
Emerging Markets Large Cap Core Equity Fund
Emerging Markets Value Fund
Euro Inflation Linked Intermediate Duration Fixed Income Fund
Euro Inflation Linked Long Duration Fixed Income Fund
European Small Companies Fund
European Value Fund
Global Core Equity Fund
Global Short Fixed Income Fund
Global Short-Term Investment Grade Fixed Income Fund
Global Small Companies Fund
Global Sustainability Core Equity Fund
Global Targeted Value Fund
Global Ultra Short Fixed Income Fund
Global Value Fund
Pacific Basin Small Companies Fund
Sterling Inflation Linked Intermediate Duration Fixed Income Fund
U.S. Core Equity Fund
U.S. Small Companies Fund
World Allocation 20/80 Fund
World Allocation 40/60 Fund
World Allocation 60/40 Fund
World Allocation 80/20 Fund
World Equity Fund
Emerging Markets Targeted Value Fund
2017
Emerging Markets Large Cap Core Equity Fund
Emerging Markets Value Fund
Euro Inflation Linked Intermediate Duration Fixed Income Fund
Euro Inflation Linked Long Duration Fixed Income Fund
European Small Companies Fund
European Value Fund
Global Core Equity Fund
Global Short Fixed Income Fund
Global Short-Term Investment Grade Fixed Income Fund
Global Small Companies Fund
Global Sustainability Core Equity Fund
Global Targeted Value Fund
Global Ultra Short Fixed Income Fund
Global Value Fund
Pacific Basin Small Companies Fund
Sterling Inflation Linked Intermediate Duration Fixed Income Fund
U.S. Core Equity Fund
U.S. Small Companies Fund
World Allocation 20/80 Fund
World Allocation 40/60 Fund
World Allocation 60/40 Fund
World Allocation 80/20 Fund
World Equity Fund
Emerging Markets Targeted Value Fund
2016
Emerging Markets Large Cap Core Equity Fund
Emerging Markets Value Fund
Euro Inflation Linked Intermediate Duration Fixed Income Fund
Euro Inflation Linked Long Duration Fixed Income Fund
European Small Companies Fund
European Value Fund
Global Core Equity Fund
Global Short Fixed Income Fund
Global Short-Term Investment Grade Fixed Income Fund
Global Small Companies Fund
Global Sustainability Core Equity Fund
Global Targeted Value Fund
Global Ultra Short Fixed Income Fund
Global Value Fund
Pacific Basin Small Companies Fund
Sterling Inflation Linked Intermediate Duration Fixed Income Fund
U.S. Core Equity Fund
U.S. Small Companies Fund
World Allocation 20/80 Fund
World Allocation 40/60 Fund
World Allocation 60/40 Fund
World Allocation 80/20 Fund
World Equity Fund
Emerging Markets Targeted Value Fund
2015
Emerging Markets Value Fund
Euro Inflation Linked Intermediate Duration Fixed Income Fund
Euro Inflation Linked Long Duration Fixed Income Fund
European Small Companies Fund
European Value Fund
Global Core Equity Fund
Global Short Fixed Income Fund
Global Short-Term Investment Grade Fixed Income Fund
Global Small Companies Fund
Global Sustainability Core Equity Fund
Global Targeted Value Fund
Global Ultra Short Fixed Income Fund
Pacific Basin Small Companies Fund
Pacific Basin Value Fund
Sterling Inflation Linked Intermediate Duration Fixed Income Fund
Sterling Inflation Linked Long Duration Fixed Income Fund
U.S. Small Companies Fund
World Allocation 20/80 Fund
World Allocation 40/60 Fund
World Allocation 60/40 Fund
World Allocation 80/20 Fund
World Equity Fund
Emerging Markets Targeted Value Fund
2014
Emerging Markets Value Fund
Euro Inflation Linked Intermediate Duration Fixed Income Fund
Euro Inflation Linked Long Duration Fixed Income Fund
Euro Ultra Short Fixed Income Fund
European Small Companies Fund
European Value Fund
Global Core Equity Fund
Global Short Fixed Income Fund
Global Short-Term Investment Grade Fixed Income Fund
Global Small Companies Fund
Global Sustainability Core Equity Fund
Global Targeted Value Fund
Global Ultra Short Fixed Income Fund
Pacific Basin Small Companies Fund
Pacific Basin Value Fund
Sterling Inflation Linked Intermediate Duration Fixed Income Fund
Sterling Inflation Linked Long Duration Fixed Income Fund
U.S. Small Companies Fund
World Allocation 40/60 Fund (formerly known as Multi-Factor Conservative Fund)
World Allocation 60/40 Fund (formerly known as Multi-Factor Balanced Fund)
World Equity Fund (formerly known as Multi-Factor Equity Fund)
Emerging Markets Targeted Value Fund
2013
Emerging Markets Value Fund
Euro Inflation Linked Intermediate Duration Fixed Income Fund
Euro Inflation Linked Long Duration Fixed Income Fund
Euro Ultra Short Fixed Income Fund
European Small Companies Fund
European Value Fund
Global Core Equity Fund
Global Short Fixed Income Fund
Global Small Companies Fund
Global Sustainability Core Equity Fund
Global Targeted Value Fund
Multi-Factor Balanced Fund
Multi-Factor Conservative Fund
Multi-Factor Equity Fund
Pacific Basin Small Companies Fund
Pacific Basin Value Fund
Sterling Inflation Linked Intermediate Duration Fixed Income Fund
Sterling Inflation Linked Long Duration Fixed Income Fund
Sterling Ultra Short Fixed Income Fund
U.S. Small Companies Fund
Emerging Markets Targeted Value Fund
2012
Emerging Markets Value Fund
Euro Inflation Linked Intermediate Duration Fixed Income Fund
Euro Ultra Short Fixed Income Fund
European Small Companies Fund
European Value Fund
Global Core Equity Fund
Global Short Fixed Income Fund
Global Small Companies Fund
Global Targeted Value Fund
Multi-Factor Balanced Fund
Multi-Factor Conservative Fund
Multi-Factor Equity Fund
Pacific Basin Small Companies Fund
Pacific Basin Value Fund
Sterling Inflation Linked Intermediate Duration Fixed Income Fund
Sterling Inflation Linked Long Duration Fixed Income Fund
Sterling Ultra Short Fixed Income Fund
U.S. Small Companies Fund
Emerging Markets Targeted Value Fund
2011
Emerging Markets Value Fund
Euro Inflation Linked Intermediate Duration Fixed Income Fund
Euro Ultra Short Fixed Income Fund
European Small Companies Fund
European Value Fund
Global Core Equity Fund
Global Short Fixed Income Fund
Global Small Companies Fund
Global Targeted Value Fund
Multi-Factor Balanced Fund
Multi-Factor Conservative Fund
Multi-Factor Equity Fund
Pacific Basin Small Companies Fund
Pacific Basin Value Fund
Sterling Inflation Linked Intermediate Duration Fixed Income Fund
Sterling Ultra Short Fixed Income Fund
U.S. Small Companies Fund
Emerging Markets Targeted Value Fund
2010
Emerging Markets Value Fund
European Small Companies Fund
European Value Fund
Global Core Equity Fund
Global Core Fixed Income Fund
Global Short Fixed Income Fund
Global Targeted Value Fund
Pacific Basin Small Companies Fund
Pacific Basin Value Fund
Sterling Ultra Short Fixed Income Fund
U.S. Small Companies Fund
Emerging Markets Targeted Value Fund
European Value Fund
Global Core Equity Fund
Global Targeted Value Fund
Pacific Basin Value Fund
This summary should not be taken to constitute legal or tax advice, and investors should consult their own professional advisers on the implications of making an investment in, and holding or disposing of shares and the receipt of distributions (whether or not on redemption) with respect to such shares under the law of the countries in which they are liable to taxation.