Let's talk about fund charges
Fund Charges - RNPFN Managed Growth Fund
The following deductions are made from the Managed Growth Fund:
- An annual charge of 0.75% of the value of the fund, taken into account when calculating the unit price.
- The costs incurred when buying, holding and selling the assets in the fund.
- Any tax and other levies borne by the 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.