The value of your investment can go up or down, and you may get back less than you invested. Nothing in this article is investment, tax or legal advice. |
There are two layers of cost to be aware of, along with minimum amounts set by each fund:
| Cost | Detail |
|---|---|
| Trading commission | Not charged by Trading 212. |
| Custody/platform fee | Not charged by Trading 212. |
| FX fee | Most mutual funds are denominated in GBP, but some may be in another currency. If you need to convert your cash to place an order, our standard FX fee applies to that conversion. |
| Fund's own Ongoing Charges Figure (OCF) | Set by the fund manager, varies by fund, and is taken automatically from the fund's daily price |
| Dilution levy | Some funds may apply a dilution levy, an extra charge the fund manager adds when there's unusually high buying or selling activity, to protect other investors in the fund. It isn't charged by Trading 212, only applies to certain funds, and is disclosed by the fund itself. |
The OCF doesn't include every cost of running the fund. One-off transaction costs the fund incurs when buying or selling its own underlying investments are shown separately in the fund's Key Information Document (KID), not within the OCF.
Mutual fund orders must be placed in the fund's own dealing currency. Trading 212 doesn't convert currency for mutual fund trades. If your available cash is in a different currency, you'll need to convert it separately before placing your order.
Mutual funds are available to UK residents only and are being rolled out gradually, so they may not be available to you yet. If you're eligible but don't have access yet, you can join the waitlist in the app and we'll let you know when access becomes available to you.
What is the Ongoing Charges Figure (OCF)?
The OCF is the fund's own yearly running costs, covering management, administration, and other expenses, shown as a percentage. It's deducted automatically from the fund's value each day, so you won't see it as a separate charge on your cash balance, but it's disclosed in the fund's Key Information Document and in your annual costs and charges statement.
Will I be charged to buy or sell a mutual fund?
Trading 212 doesn't charge a trading commission or platform fee for mutual funds. Any cost you see doesn't only come from the fund itself (such as its OCF or a dilution levy, where applicable, both shown in its Key Information Document); our standard FX fee may also apply if you need to convert currency to place your order.
Where can I see the total cost before I invest?
Before you confirm an order, you'll see an itemised cost breakdown for that specific order, covering entry or exit costs and ongoing costs (such as the fund's OCF), plus a yearly summary of all costs.
Is there a minimum amount to invest in a mutual fund?
Yes. Each fund and share class sets its own minimum initial investment. If you try to place an order below this minimum, we'll show you the required amount during the order process.
Can I set up a recurring investment into a mutual fund, or add one to a Pie?
Not currently. AutoInvest and Pies aren't available for mutual funds at this stage. You can only place individual buy and sell orders.
Will I still earn interest on cash reserved for a pending order?
Yes. While your buy order is pending, the cash you've committed to it is set aside and isn't available to spend elsewhere, but it continues to count towards your interest-eligible balance if you've opted in to our Interest Sharing Programme.