What are the annual charges?
Only the standard HL account charges and those of the underlying funds. There are no additional charges for HL Portfolio+ and no charge to rebalance the holdings.
The HL account charge is 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.
Like any fund, each HL Multi-Manager fund has an ongoing charge (OCF/TER). The ongoing charge (OCF/TER) for the portfolios are as follows as of 31/10/2021:
| Portfolio name | Ongoing charge (OCF/TER) |
|---|---|
| Adventurous Income | 1.29% |
| Balanced Income | 1.27% |
| Conservative Income | 1.26% |
| Adventurous Growth | 1.39% |
| Balanced Growth | 1.35% |
| Conservative Growth | 1.29% |
Please note - the ongoing charge (OCF/TER) will vary over time dependent on the relative performance of the funds held within each portfolio.