The costs of an investment fund affect its return. It is therefore important that you know what costs the fund charges. You can find this in the KIID. Each fund charges costs for the management of the fund, such as management costs, administration costs and transaction costs:
The management costs and the administration costs together form the ongoing costs. The ongoing costs can vary from year to year.
The transaction costs are the costs incurred by the fund manager to buy and sell the underlying investments within the fund. These transaction costs are not part of the ongoing costs and are not included in the KIID.
All costs (ongoing costs and transaction costs) are included in the price of the investment fund and are determined by the investment fund. In addition, you may have to pay transaction costs to your bank or broker when you buy or sell an investment fund.