Coronavirus - we're here to help
From how to access your account online, scam awareness, your wellbeing and our community we're here to help.

Skip to main content
  • Register
  • Help
  • Contact us
  • Log in to HL Account

Why is the charge for a multi-manager fund higher when compared to other funds? Am I paying two layers of charges?

A multi-manager fund invests in other funds. This means you benefit from Hargreaves Lansdown's fund selection and ongoing management of the fund, so yes you do pay twice, but part of the management involves negotiating a lower charge from the underlying manager. The ongoing charge (OCF/TER) of the fund includes both Hargreaves Lansdown investment management charges (0.75%) and the charges of the underlying funds.

Still need help?

Contact us

Email us