GLOSSARY

AMC

IN PLAIN ENGLISH

Annual management charge: the fund manager's own yearly fee, as a percentage of what you hold.

WHERE YOU MEET IT

Not shown in the app. It's on the fund's factsheet.

WATCH OUT FOR

It's only part of the OCF, so a low AMC can sit inside a higher total.

EXPLAINED IN

OCF, TER, AMC — three acronyms, one idea

Educational content only. It is not personal financial advice.