Charges and costs can have a real impact on the returns that you get from a fund so it's important to know what you will pay when you invest. Here we try to make it as clear as possible.

What charges and costs will you pay for investing in a Schroders' fund?

Charges and costs Paid by investors

Ongoing charge (including the Annual Management Charge)

This covers the costs of fund administration, investment management and research, independent oversight, such as trustee, auditor and regulator’s fees.


Portfolio transaction costs

These are the expenses incurred by the fund when buying and selling assets on behalf of its investors.


Stamp Duty Reserve Tax (SDRT)

 Is a tax charged by the government on the purchase of shares in UK companies.

On some funds

Entry charge

Otherwise known as ‘initial charge, this may be taken from your money before it is invested. From 1 Jan 2013, it does not include commission to advisers, but platforms or execution-only brokers may take a percentage.


Exit charge

May be taken before the proceeds of your investment are paid out. Very few funds will have an exit charge.


Performance fee

Performance fees are charged separately as a way of rewarding the investment manager for superior returns or for outperforming specified targets. Note: Schroders does not charge performance fees on any of its unit trusts.

On some funds

Our funds are either single priced or dual priced. With a single priced fund there is a single price for buying and selling. With a dual priced fund the price for buying and selling is different.

Single priced funds - some funds have a single price at which investors both buy and sell units or shares in the fund on any one dealing day.

Single-priced funds can swing the single price of a fund unit upwards when there are more buyers than sellers of fund units or downwards where there are more sellers than buyers of fund units.

Dilution - is a term used in relation to funds when the selling of fund units by investors (which necessitates the selling of fund assets) reduces the value of remaining other units in the fund.

If a dilution adjustment is applied to the selling of fund units, this is designed to reduce or eliminate the impact of dilution and to protect other investors' interests.

Dual priced funds - these funds have a higher unit or issue price at which you buy, and a lower unit bid price, at which you sell. The difference between the two prices is known as the bid/offer spread.

See a detailed breakdown of the charges and costs of our funds 

Other Resources

Download the latest KIID, Report & Accounts and other literature for each of our unit trust/ OEIC.

Each year we publish an Assessment of Value for all the funds managed by Schroders Unit Trust Limited. It’s available in our Literature section.

Visit the Investment Association website to access further information about charges and costs on funds.

Our Glossary provides definitions of any unfamiliar financial terms you may come across.