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Charges

When you invest into a fund there are a number of charges that will apply which cover the costs of managing and administering your investment. These are paid from the fund itself and reflected in the fund's published share price. A summary of the key charges is published in the Key Investor Information Document (KIID) and it is important that you read and understand the KIID before investing in a fund. Further details can also be found in the Prospectus.

The tables below provide a summary of the fixed charges you will pay, plus an indication of the variable costs based on historic charges for the year ended 31 December 2016, calculated as a percentage of the Net Asset Value of the Funds as at 31 December 2016.

Amity UK Fund

Share class A B
Annual Management Fee 1.50% 0.75%
Ongoing Charge 1.60% 0.79
Performance Fee n/a n/a
Initial Charge 5% 2%
Exit Charge 0.00% 0.00% 
Brokers Comm Research 0.005% 0.005%
Brokers Comm Execution 0.005% 0.005%
Stamp Duty & Transfer Taxes 0.02% 0.02%
Dilution Levy 0.00% 0.00% 

 

Amity European Fund

Share class A B
Annual Management Fee 1.50% 0.75%
Ongoing Charge 1.65% 0.83%
Performance Fee n/a n/a
Initial Charge 5% 2%
Exit Charge 0.00% 0.00% 
Brokers Comm Research 0.02% 0.02%
Brokers Comm Execution 0.02% 0.02%
Stamp Duty & Transfer Taxes 0.01% 0.01%
Dilution Levy 0.00% 0.00% 

 

Amity International Fund

Share class A B
Annual Management Fee 1.50% 0.75%
Ongoing Charge 1.57% 0.80%
Performance Fee n/a n/a
Initial Charge 5% 2%
Exit Charge 0.00% 0.00% 
Brokers Comm Research 0.025% 0.025%
Brokers Comm Execution 0.025% 0.025%
Stamp Duty & Transfer Taxes 0.02% 0.02%
Dilution Levy 0.00% 0.00% 

 

Amity Sterling Bond Fund

Share class A B
Annual Management Fee 1.25% 0.65%
Ongoing Charge 1.32% 0.71%
Performance Fee n/a n/a
Initial Charge 3.75% 2.00%
Exit Charge 0.00% 0.00% 
Brokers Comm Research 0.00% 0.00%
Brokers Comm Execution 0.00% 0.00%
Stamp Duty & Transfer Taxes 0.00% 0.00%
Dilution Levy 0.00% 0.00% 

 

Higher Income Fund

Share class A B
Annual Management Fee 1.25% 0.75%
Ongoing Charge 1.32% 0.79%
Performance Fee n/a n/a
Initial Charge 5% 2%
Exit Charge 0.00% 0.00% 
Brokers Comm Research 0.02% 0.02%
Brokers Comm Execution 0.02% 0.02%
Stamp Duty & Transfer Taxes 0.05% 0.05%
Dilution Levy 0.00% 0.00% 

 

UK Equity Growth Fund

Share class A B
Annual Management Fee 1.50% 0.75%
Ongoing Charge 1.59% 0.79%
Performance Fee n/a n/a
Initial Charge 5% 2%
Exit Charge 0.00% 0.00% 
Brokers Comm Research 0.05% 0.05%
Brokers Comm Execution 0.05% 0.05%
Stamp Duty & Transfer Taxes 0.08% 0.08%
Dilution Levy 0.00% 0.00% 

 

Amity Balanced Fund for Charities

Share class A
Annual Management Fee 0.75%
Ongoing Charge 0.82%
Performance Fee n/a
Initial Charge 0.00%
Exit Charge 0.00%
Brokers Comm Research 0.045%
Brokers Comm Execution 0.045%
Stamp Duty & Transfer Taxes 0.01%
Dilution Levy 0.00%

 

Amity Global Equity Income Fund for Charities

Share class A
Annual Management Fee 0.75%
Ongoing Charge 0.91%
Performance Fee n/a
Initial Charge 0.00%
Exit Charge 0.00%
Brokers Comm Research 0.055%
Brokers Comm Execution 0.055%
Stamp Duty & Transfer Taxes 0.02%
Dilution Levy 0.00%

 

Initial Charge

This is the maximum that might be taken out of your money before it is invested. In some cases you may pay less – you can find this out from your financial adviser or distributor.

Exit Charge

This is the maximum amount that might be taken out of your money before the proceeds of your investment are paid out on redemption. There is no exit charge for any of our funds. 

Annual Management Fee (AMC)

This is a fixed annual charge paid to Edentree Investment Management Limited as the Authorised Corporate Director of the Fund. It is calculated as a percentage of the net asset value of the fund, accrued daily and paid monthly.

Ongoing Charge (OCF)

This charge includes all expenses associated with the operation of the fund and typically includes the annual management fee referred to above, plus the fees of the Depositary, Custodian, Registrar and Auditor. The figure is normally based on the actual costs for the previous year.

Performance Fee

No performance fee is charged on any of our funds.

Broker Commission / Stamp Duty and Transfer Taxes

Funds incur broker commission and transfer taxes (Stamp Duty in the UK) as a necessary cost of buying and selling the underlying investments in a fund. Broker Commission consists of execution and research costs. The figures shown in the table represent the total costs for the year ending 31 December 2016 (as a percentage of the fund’s net asset value) and are based on a 50/50 split between execution and research. The costs for buying and selling investments vary depending on the country and type of investment. Historic costs are an indication only, they are not predictable and should not be relied upon as an effective indicator of future costs.

Dilution Levy

Edentree Investment Management Limited operates a single pricing methodology and reserves the right to charge a Dilution Levy of up to 1% to protect the fund from the costs of buying and selling investments. Dilution may apply on any occasion when the net sales or net redemptions exceed 0.5% of the net asset value of the fund. As dilution is related to inflows and outflows it is not possible to accurately predict when it will be charged. For the 12 month period from 1 January to 31 December 2016 it was not charged on any occasion.

EdenTree Investment Management Limited (EdenTree) Reg. No. 2519319. Registered in England at Beaufort House, Brunswick Road, Gloucester, GL1 1JZ, UK. EdenTree is authorised and regulated by the Financial Conduct Authority and is a member of the Investment Association.