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Fund Management Fees

No Initial Fees or Commissions

The investment fees a fund manager charges can be confusing and sometimes misleading to the consumer.  At Lexo we disclose the OCF (Ongoing Charges of the Fund).  This is the most comprehensive figure available the fund management industry are able to disclose.

At a basic level you would hear of the AMC (Annual Management Charge) this is the charge the fund manager applies for running the fund.

At the next level you would refer to the TER (Total Expense Ratio), this includes all the costs of the AMC plus the variable costs associated with running the fund, now one would be forgiven if they thought this was the total costs, but there’s more and it’s called the OCF (Ongoing Charges of the Fund).

The OCF is very similar to the TER, but the OCF includes performance fees and one-off charges.  UCITS (Undertakings for Collective Investment in Transferable Securities) regulated funds quote an OCF figure, while other funds quote a TER.  We quote the OCF.

Therefore the OCF is the compilation of expenses for the underlying funds used in our modern theory portfolios, these range from 0.28%-0.48%.  The lower gross expense ratio denotes more fixed income and the higher gross expense ratio denotes more equity specifically small cap and value shares. There are no initial fees or commissions associated with Dimensional Funds.


With investment, your capital is at risk. The value of your portofio with Lexo can go down as well as up and you may get back less than you invest. It is important that you understand the risks. Lexo aims to provide information to help you make your own informed decision. It does not provide personal advice based on your circumstances. If you are unsure, please seek personal advice from Lexington Wealth.

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