How Barclays Stockbrokers convert fund holdings from bundled share classes into cheaper clean share class. Find out more here.
Fund conversions

2014 Fund Conversions

During 2014 we worked with fund managers to convert your existing ‘bundled fund holdings’ to ‘clean share class’ units where they were cheaper for you to hold.

You may have been left with a holding of a bundled version of a fund in your portfolio at that time, even although there was a ‘clean share class’ available. This was because the Annual Management Charge (AMC) on the new fund was less than 0.35% cheaper than on the bundled version, so we didn’t convert these holdings as it costs you more to hold them once the Fund Administration Fee is applied. Find out more about how the Fund Administration Fee is calculated. We didn’t apply the Fund Administration Fee to remaining bundled holdings at that time, and any further investment into the fund was made into the clean version.

Other funds were not converted as the fund manager has chosen not to create a clean version. Again we did not charge the Fund Administration Fee to these units at that time. To find out about how we have treated these holdings since then, please look at 2015 Fund Conversions.

No conversion was necessary if the fund you held was already a ‘clean’ version, and the Fund Administration Fee has been applied since 1 March 2014.

Completed fund conversions

The tables below confirm the details of the fund conversions completed in 2014. They give you the old and new versions of the fund name, the dates they took place, the prices of the units at the time, and the conversion ratio used by the fund manager.

The bundled and clean units normally have different prices, so although the total value of your holding doesn’t change, you will normally have a different number of units after conversion.

The conversion ratios in the tables below show the number of units in the new fund you received for every one unit of the old bundled units. This is the rate that applied on the day the conversion completed.

The conversion ratios in the tables allow you to calculate how many units of the new fund you received for each unit you held of the old bundled units. You can find details of how many bundled units you held on your previous statement records or through your purchase history.


​Bundled Fund Name
​Bundled Sedol ​Bundled Unit Price (pence) Clean Fund Name​ Clean Sedol​ Clean Unit Price (pence) Conversion Ratio​
Conversion Date
​Aberdeen Emerging Markets A Acc
​3322819 ​540.960 Aberdeen Emerging Markets I Acc​ 322756​ 578.090​ 0.935771249​ 11/07/2014​
The above example shows:
  • If you formerly had a holding of Aberdeen Emerging Markets A Acc, this was converted from the A class to the I class of the fund on 11 July 2014.
  • If you previously held 1,000 units these would have been converted to 935.77 units of the new shareclass by using the conversion ratio quoted (i.e. 1,000 x 0.935771249 = 935.77).

You can confirm that the value has remained the same as:

  • For the bundled fund you would have held - 1,000 units @ 540.96p = £5409.60
  • For the new clean fund you would now hold - 935.77 units @ 578.09p = £5409.59
  • Please note there may be small variations in the value as the converted units will only be to 2 decimal places.