RE: charges20 Aug 2021 17:38
HINDY, my annual charges summary appears in the Spring report rather than Summer, so that's what I'll refer to. In the Charges Summary section 01 May 2020 - 30 April 2021 it states "- Charges made by fund/ ETF/ investment trust managers for managing your investments. These charges are already included in the fund's price, so they aren't shown in your transactions.". My SUPR shares are held in my Fund & Share A/C but I plan to move them to my ISA at some point. The investment report says "Annual Charge for holding Shares £0.00". I can confirm I have paid no charges in-year in my ordinary trading a/c. Further down, it says "Investment Charges - SUPR £15.07". I have NOT been charged for this, and my belief is that this relates to the statement that " These charges are already included in the fund's price, so they aren't shown in your transactions." referred to above. This is all incredibly difficult to fathom (see previous discussions between myself, adv11 and seen_it_done_it on this page) and HL has certainly not helped me to understand what I'm actually paying for, but this is now my understanding of how it works. The current SP of SUPR reflects the net price once THEIR charges (c. 7% or whatever) are factored in, so in effect we don't have to worry about them because we've already paid them.
I hope you are able to follow all this and relate it to your investment in SUPR. I have to admit I hadn't worked this all out before I sold down a chunk of 3i shares without realising that HL weren't charging me the Investment Charges amount, and that effectively this section was for information only. Let me know what you think when you've had chance to review it, I have a genuine interest in fully understanding how this all works going forward (as do adv11 and seen_it_done_it). K
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