GLOSSARY

Transaction costs

IN PLAIN ENGLISH

What a fund pays to buy and sell its own holdings: commissions, spreads and taxes.

WHERE YOU MEET IT

Not shown in the app. They're in the fund's costs and charges information.

WATCH OUT FOR

They aren't in the OCF, and a fund that trades a lot runs up more of them.

EXPLAINED IN

OCF, TER, AMC — three acronyms, one idea

Educational content only. It is not personal financial advice.