How is the annual management charge (AMC) calculated?

The calculation is:

  • the value of your fund
  • multiplied by annual management charge of 0.5% (0.005)
  • then divided by the (number of days in the year – 365)

(0.5/365)=0.00137%

So each day our fund managers (State Street Global Advisors/HSBC Global Asset Management) take 0.00137% of the value of assets as a charge. This is taken into account when calculating the daily unit price.

Was this article helpful?

Please score it so we can improve and offer you more

LikeDislike
Loading...
12 people found this helpful