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An investor incurred a range of charges across their portfolio of collective investments. Charge 1 was a preliminary charge of 62 Charge 2 was a
An investor incurred a range of charges across their portfolio of collective investments.
Charge 1 was a preliminary charge of 62
Charge 2 was a dilution levy of E 18
Charge 3 was a performance fee of & 620
Charge 4 was an annual management charge of 0.75%
Which of the following statements is true?
- Only Charge 1 is normally described as a back end load
- Charge 2 indicates that the related investment is a single-priced fund
C. Only Charge 3 is normally described as a frontend load
D. Charge 4 indicates that the related investment is an open-ended fund
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