Questions you’ll want to ask before investing continued What is an ongoing charge? Ongoing charges are payments deducted from the assets Tracker fund: a tracker fund follows the ups and downs of of a fund. They only include direct costs to the fund that a market index. Your investment will increase or decrease in will affect the client. This is based on the total of all value in line with the performance of that index. A tracker charges made over a year, and includes charges such as fund is ‘passive’ because it simply follows a chosen index. the fund’s annual management charge, custodian charge and administration charge. Please note, for an actively managed fund, there are typically higher fees imposed than with a passive/tracker Broadly, there are two types fund. of fund: Actively managed fund: this is where an experienced fund manager invests and manages on your behalf. Investing in this way gives you the benefit of the fund manager’s experience and expertise as well as the resources of the investment house they’re part of. 9