Hi everyone, thanks for the replies,
PrefInvestor wrote:Sounds like you are new to the world of “funds”, which for ease of explanation I will include mutual funds (Open Ended Funds OEICs and Unit Trusts (UTs), investment trusts (ITs) and exchange traded funds (ETFs).
A little bit yes. The only "fund" we currently have is the "Fidelity World Equity Index Tracker". IIRC we quickly deduced that there was only a 0.34% OCF and the initial iWeb dealer commission. Many thanks for explaining the history of this mess....which it truly is! And disadvantageous to companies and investors alike.
PrefInvestor wrote:Having looked at my brokers website I can confirm that the KID for UKW gives a figure of 2.03% whereas a UKW factsheet says 1.15% and the AIC web site says 1.13%. Personally I believe the 1.13% figure to be the correct one.
Thanks for confirming this PI.
MDW1954 wrote:The AIC have been running a campaign about poorly-designed KIDs (which I've written about, and interviewed them about) and I personally wouldn't place too much reliance on a KID right now. I think it will be sorted eventually, but right now, it's a mess.
Go on the AIC site for more info.
After a few clicks I found this linkhttps://www.theaic.co.uk/companydata/C9WD3/gearing
My only suggestion to the aic would be to print the charges stuff on the first "overview" tab, but once my morning brain warmed up properly I did notice the middle "Charges and Gearing" tab, which fortunately delivered the goods!
oldapple wrote:Fund Manager Ongoing charge : 1.14% £57.00
Transaction charges (buying and selling underlying investments over the year): 0.21%. £10.50
Total: 1.35% £67.50p
Yup looks like 1.13ish is the number. But what a mess that the KID even bears the Greencoat logo, but states a higher figure. For information I've written a quick email to the point of contact advised - alas by the KID itself!To whom this may concern,
I'm considering making an investment in the "Greencoat UK Wind UKW" IT but I am finding information on the charges by Greencoat confusing. Firstly on both the Hargreaves Lansdown and the Interactive Investor sites
https://www.hl.co.uk/shares/shares-sear ... ary-shares
https://www.ii.co.uk/investment-trusts/ ... nd/LSE:UKW
state that the Annual OCF is stated as being either 1.13% - 1.14%.
However both of those sites have a hyperlink to the following KID
https://api-prod.ii.co.uk/api/1/documen ... 5ef3eb.pdf
where is stated that the ongoing costs are 1.81% + 0.22% = 2.03%
Could someone here please clarify the costs I will have deducted by Greencoat, beyond those of my ISA brokerage (iWeb, who charge £5 deal commission plus stamp duty)?
Thanks again for everyone's help,