What are the charges for investing in funds?
Funds often levy an initial fee when you invest, up to 5.5%, and an ongoing charge, typically around 1%. Many brokers, including Hargreaves Lansdown, have negotiated savings on the initial charges for their clients.
We levy an administration charge to hold funds with HL. Our charge is tiered within bands and will be 0.45% per annum on the first £250,000 of funds within each HL account, 0.25% per annum on the value of funds between £250,000 and £1m, 0.1% per annum on the value of funds between £1m and £2m, and no charge on the value of funds over £2m.
The charge is based on the total value of funds (such as unit trusts and OEICs - not investment trusts or ETFs) held in each HL account. Please note these charges apply to each account separately.
Fund fees are calculated based on the values of holdings on the last working day of the month.
There is no charge to place fund deals online, by telephone or post.