Fund Performance Fees

We’re proud to be one of the only fund managers with a fee based purely on performance.

What's So Special About Our Pay for Performance Fees?

Only Pay for Performance

Most funds charge a flat fee, regardless of how they perform.
We don't.

No surprise fees

No platform, account fees.
No entry, exit or ongoing charges.
No administration, custody fees.
No commission. That's our style.

In it together

Our fair fee structure means you pay when we outperform, and we refund during periods of underperformance.

Fee Simulator

When we beat the benchmark, 50% of the outperformance is paid into a reserve, from which we take our fee.

And when the benchmark beats us, refunds are issued at the same 50% rate from the reserve. So we share the good times and the bad.

Try this tool to see our fee in action.

The benchmark value dropped, but not your investment so the fee is half the outperformance. After fees, you may have the same or less than your original investment but have fared better than the market as a whole.

We didn't outperform the benchmark, so no fee.

We beat the benchmark so the fee is half the outperformance. Fewer than one in ten funds outperformed their benchmarks by more than 5% in the last year. So, it’s not an easy thing to do. Source: FE analytics, data as at 31 March 2017.

We didn't outperform the benchmark, so no fee. However, refunds are due.

The value of your investment decreased but by less than the benchmark, so you pay a fee of half the outperformance.

Your investment decreased in value and we didn't beat the benchmark, so no fee. However, refunds are due.

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Fund return

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Benchmark return

Relative performance

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Fee charged

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Your fund value

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Our Fees Explained

Sections in this Video
Total Duration: 8:23
  • Chapter 1: Our Fee Explained
    1:30
  • Chapter 2: What's a Benchmark?
    0:59
  • Chapter 3: Active vs Passive Funds
    1:31
  • Chapter 4: How our Fee Works
    1:56
  • Chapter 5: The Reserve
    1:11
  • Summary: About Us
    1:09

Costs and charges summary sheets

You can now access costs and charges summary sheets for all our funds here. The categories of costs and charges used in these summaries have been standardised for all European financial services providers making it easier for you to compare like with like. If you have any questions on our costs and charges summary sheets, please contact us.

The value of your investments may go down as well as up, so you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results.

Questions?

Live Chat with our friendly support team from 9am to 6pm, Monday to Friday

If you think our funds suit your needs

How Refunds Work

So, half of the fund's outperformance against its benchmark is taken as a fee. But, equally, half of any underperformance in relation to the benchmark is also paid as a refund. This helps cushion you during periods of underperformance.

Questions?

Live Chat with our friendly support team from 9am to 6pm, Monday to Friday

If you think our funds suit your needs

Fees compared

Passive funds, which track a benchmark, are gaining in popularity. This is partly because active funds, which aim to beat their benchmark, tend to have higher fees.

With us, you get the best of both worlds. If the fund’s benchmark isn’t matched, you pay less than a passive fund (zero, in fact). However, because we're an active fund you also get the opportunity to outperform the benchmark.

But remember, passive funds generally don’t underperform their benchmarks by more than the fees charged. Active funds can and do underperform by more. At least with us, during periods when this happens, a fee refund mechanism applies.

* Our fee is less than the average charged by active funds, unless we beat the benchmark by more than 2.4%. Fewer than one in five active funds achieve this level of performance.

(Source: FE Analytics. Flat fee of 1.2% is based on latest OCF of funds in the IA Global and IA Mixed Investments 40-85% shares sectors as at 8 May 2017. Performance data based on 5 year performance of funds in the IA Global and IA Mixed Investments 40-85% shares 31 March 2017. MSCI World Index used as benchmark for Global; peer group average used as benchmark for Mixed Investments 40-85% Shares.)

Questions?

Live Chat with our friendly support team from 9am to 6pm, Monday to Friday

If you think our funds suit your needs

Questions?

Live Chat with our friendly support team from 9am to 6pm, Monday to Friday

If you think our funds suit your needs