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. |
Before you invest in a mutual fund, you'll be shown its Key Information Document (KID), a short, standardised summary of the fund's objectives, risks, costs and past performance, produced by the fund manager.
Depending on the fund manager, you may see this under a different name, such as a Key Investor Information Document (KIID) or a Product Summary, while the industry transitions to the new Consumer Composite Investments (CCI) regime.
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.
Will I get a confirmation after I trade?
Yes. Once the fund manager has confirmed your trade, you'll receive a confirmation showing the dealing date, the applied price, and the total number of units bought or sold. This also shows any additional fees that applied, such as a dilution levy.
What regular statements will I get?
You'll continue to receive your existing periodic account statements, annual cost and charges statements and annual statements. These will now include your mutual fund holdings and costs alongside your other investments, so there's no separate mutual-fund-specific document to look out for. You can find these in the app under your account's statements or documents section.