Annual service charge - paid by you quarterly
The Annual Service Charge is tiered, so customers who hold more than £250,000 in either their Triodos Impact Investment Account or Stocks and Shares ISA will pay a lower percentage on the investment balance over this amount.
The Annual Service Charge (ASC):
- is a charge that is collected by Triodos Bank UK to cover costs of providing our investment service, including administration costs.
- is expressed as an annual percentage but calculated and paid quarterly, based on the average value of your holding across the previous quarter.
- is paid from money in the linked Cash Account or by selling shares if there isn’t enough cash available (for more information see ‘How can I pay for my Annual Service Charge?’). We do this on the first Calendar Day of a new quarter. The sale of shares to cover the Annual Service Charge is classified as a disposal for Capital Gains Tax purposes, so may need to be declared to HMRC (unless in a Stocks and Shares ISA).
Ongoing Charges Figure - deducted from the fund daily and not paid separately by you
The Ongoing Charges Figure (OCF):
- is the ongoing costs of running the funds, also known as the Total Expense Ratio or TER. The OCF includes the fund managers Annual Management Charge and other expenses of running the fund, such as the board of directors and audit fees. The Annual Management Charge is the charge taken by Triodos Investment Management to select investments based on their sustainable and financial performance.
- is expressed as an annual percentage and calculated and deducted from the fund daily. The charge is reflected in the value of the fund and you do not need to pay for it separately.
- can be found in the Key Investor Information Document (KIID) and may vary.
- includes the cost of converting between sterling and euros when buying and selling, which is charged at 0.2% of the exchange rate used (this fee is not applied directly to individual investments, it is shared by all euro and sterling investors in the fund and is already accounted for in the published share price).
Please note there may be a difference in the OCF for the distribution and capitalisation share classes, where this is the case, we will always show the highest figure. The OCF shown is correct as of 2 January 2024.
Examples of estimated charges
Correct as at 04/10/2024. Please note the fund’s Ongoing Charges Figure can vary slightly over time, to check the current charge please refer to the Charges table above.
*To keep things simple, we've assumed no investment growth for the year