The following deductions are made from the Managed Growth Fund:
Product charges – RNPFN Investment Bond
There was an initial charge of 5% when money was invested in the fund and this was allowed for when calculating the offer price when an Investment Bond started. Units purchased use the ‘offer’ price while units sold, use the ‘bid’ price.
There’s more information on bid and offer prices on our Unit Prices page.
More information on product charges can be found in your annual statements or Key Features document.