Frequently Asked Questions – UK OEICs
Charges
For detailed information on how charges and expenses will affect your investment please refer to the Aberdeen OEIC Range Simplified Prospectus.
What is the initial charge and how is it applied?
You buy and sell shares at a single price, which is based upon the value of the underlying portfolio of the fund. This is known as the net asset value (NAV) of the fund. We add the initial charge of 4.25% to this price when you buy shares.
What is the annual management charge and how is it applied?
Our annual management charge is between 0.5% and 1.75% a year (this varies depending on the fund). Management fees are calculated monthly but accrued daily against the price of the Fund. We apply the charge to the fund itself and not to each individual investment.
Can I switch my investments?
You can sell some or all of your shares, or switch the proceeds from one fund to another. We will accept instructions by telephone, fax or in writing. Switches will be processed through your servicing Financial Adviser, if relevant, unless otherwise stated.
The shares will be dealt at prices based on the underlying net asset values attributable to the shares involved in the switch, calculated at the next valuation point following our receipt of your instructions. For switches which are effected through a Financial Adviser, a charge of up to 3% may be levied to cover the amount of commission paid to your Financial Adviser. The minimum investment limits will apply to both new and existing holdings should you wish to switch part of your investment only into a new fund.
What are the other charges?
The funds will bear other expenses such as Depositary or Custodian fees, Auditor’s fees and other operational expenses.
How much will any advice cost?
If you have been given investment advice from a Financial adviser, your adviser will give you details about the cost. The amount will depend on the size of your investment and if saving monthly, the period for which you continue your investment.