Charges and fees for our funds

Dual Price Funds

Single priced funds3

 

  1. This is the difference between the prices at which you buy and sell units in dual priced funds. It allows for the difference between the buying and selling prices of the fund’s assets and associated transaction costs and taxes, and protects ongoing investors from these factors.
  2. The ongoing charges are the actual costs of running the fund over the year as given in the fund's accounts. They consist of the fund management fee (FMF) and other expenses.
  3. We price our single priced funds using a mid price. This means the fund manager calculates a single price based on the mid-point between the buying and selling prices of the fund’s assets.
  4. This is a deduction we may take when you buy or sell units in single priced funds. It allows for the difference between the buying and selling prices of the fund’s assets and associated transaction costs and taxes, and protects ongoing investors from these factors. We take separately any entry/initial charge.
  5. This fund has a large difference between buying and selling prices for units/shares because it allows for the high costs of buying and selling commercial property. There is also an allowance for Stamp Duty Land Tax that would be incurred when any commercial property is purchased. This tax is currently 4% of the purchase price of a property.
  6. Other expenses include:
    1. the other management costs for this fund
    2. the other management costs and the AMC for the funds it invests in. 
  7. This fund has other costs in addition to the usual fund costs covered by the FMF and other expenses. These additional costs specifically apply to a fund that invests in actual properties. They include, for example, costs such as maintenance and repair fees, property management fees, letting costs and legal fees related to running properties. You can find the complete list of fees in the fund’s Prospectus. We measure these additional costs with the property expense ratio. We show this figure on the Key Investor Information document. You should note that this figure doesn't include professional fees required on property transactions such as valuation and legal fees and any Stamp Duty Land Tax. We do not show these costs.
  8. This fund invests solely in the Legal & General UK Property Fund which has other costs in addition to the usual fund costs covered by the FMF and other expenses. These additional costs specifically apply to a fund that invests in actual properties. They include, for example, costs such as maintenance and repair fees, property management fees, letting costs and legal fees related to running properties. You can find the complete list of fees in the Legal & General UK Property Fund's Prospectus. We measure these additional costs with the property expense ratio. We show this figure on the Key Investor Information document. You should note that this figure doesn’t include any professional fees required on property transactions such as valuation and legal fees and any Stamp Duty Land Tax. We do not show these costs.