What’s included in the fund charge you quote on your factsheets?

For our ARC and One Retirement funds the fund charge is made up of a fixed management fee (AMC) plus additional expenses or charges, which are variable. This is sometimes known as the Total Expense Ratio (TER). It covers the cost of managing the fund and checking it's performing as expected. The fund charge will vary depending on the assets invested in. You can find out how it compares to other types of charges here