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Funds Available On The Cofunds Platform
 - Associated Costs & Charges

You have access to over 2700 funds from 100 different fund managers, with over 50 ethical and environmental funds available.

You will be able to buy into any fund with no initial charge. As the funds purchased will be in the “new share class” i.e. commission free. Therefore the only charges levied will be the individual fund managers annual management charge (AMC) see the list of funds available for more detail, plus our fee of 0.5%pa and Cofunds Platform Charge, which is a tired structure determined by the amount held on the platform for example :

The Cofunds Platform Charge rate is based on all your investments with Cofunds, where you are the primary holder. The more assets you have with Cofunds the lower the rate will be. This rate is then applied across your investments in commission-free share class funds only, to give their Platform Charge

The table below shows Cofunds standard annual charge rates.

Investment Value

Cofunds charge

£0 - £100,000

0.29%

> £100,000 - £250,000

0.26%

> £250,000 - £500,000

0.23%

> £500,000 - £1m

0.20%

> £1m

0.15%


The charge is calculated and taken in monthly instalments.

Cofunds calculate your monthly platform charge by using the table above to calculate a blended rate and multiply this rate by the total value of your funds.
There are 3 steps they use to calculate your monthly Platform Charge, which are:

Step 1: They take the average of a client's total assets under administration (AUA) on the Cofunds platform for the previous month.
Step 2: Calculate the blended rate, based on the total AUA (see Cofunds annual charge rate above).
Step 3: Apply the blended rate to the client's average AUA across the previous month in commission-free share class funds only.


Example 1

Summary:

Total value of  investments

£150,000

Value of investments in commission-free share class funds
(primary holder)

£150,000

Platform Charge

£35.67


Calculation:

Step 1: average AUA for previous month (assumed constant AUA for the month)

£150,000

Step 2: calculate blended rate (see rate card above (£100,000 @ 0.29%) + (£50,000 @ 0.26%)
(£290) + (£130) = £420 £420/£150,000

0.28%

Step 3: apply blended rate to average AUA in commission-free share class funds for last month (assume 31-day month)0.28% x £150,000 x (31/365)(£290) + (£130) = £420 £420/£150,000

£35.67

Platform Charge

£35.67


Example 2

Summary:

Total value of client's investments

£150,000

Value of investments in commission-free share class funds
(primary holder)

£100,000

Platform Charge

£23.78


Calculation:

Step 1: average AUA for previous month (assumed constant AUA for the month)

£150,000

Step 2: calculate blended rate (see rate card)

(£100,000 @ 0.29%) + (£50,000 @ 0.26%)
(£290) + (£130) = £420 £420/£150,000

0.28%

Step 3: apply blended rate to average AUA in commission-free share class funds for last month (assume 31-day month)

0.28% x £100,000 x (31/365)

£23.78

Platform Charge

£23.78


Example of a total annual charge, based on an investment of £150,000 as a primary account holder, and a fund AMC of 0.75%

 Fund managers AMC of 0.75%
 £1125pa
 The Ethical Investment Co-operative annual charge 0.5%pa 
 £750pa
 Cofunds blended Annual Rate 0.28% (see above)
 £420pa
 Total 
 £2295pa  
   £191.25 per month


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