Schroder Investment Management is pushing through with its proposed fee hike for two of its funds. Shareholders of the Schroder U.S. Opportunities Fund and Schroder International Alpha have given their approval to a new fee agreement, which increases the management fees from 0.73 percent to 1.00 percent, Morningstar reported.

The amended agreement, which also removes fee breakpoints, will place the funds' expense ratios well above their category medians, Morningstar said. 

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