| Description |
In the European Union (EU), the Ongoing Charges are reported as described in the ESMA guidelines - "Methodology for calculation of the Ongoing Charges figure in the Key Investor Information Document" (https://www.esma.europa.eu/sites/default/files/library/2015/11/10_674.pdf). This value is supposed to be listed on the UCITS KIIDs.
In most cases this figure equals "OFEP030600 EPT Ongoing Costs Management Fees and Other Administrative or Operating Costs". However, the PRIIP's KID composition of costs should be consistent with the KID's reduction in yield calculation (OFEP070600 EPT RHP RIY), which may require an adjustment to reflect the entry costs (OFEP030150 EPT Subscription Fee In Favour Of Fund) in the RIY calculation.
With the exit of the UK from the EU, the requirements in UK to disclose costs to consumers been modified. Please refer to OFEP081800 "UK UCITS Ongoing Charges" and/or OFST452240 "UK CCI Ongoing Charges" to capture the UK-relevant cost disclosure on ongoing charges.
In case there are no ongoing charges provided, please insert "OFST452190 Has Ongoing Charges" = "no" and leave this field and "OFST452220 Ongoing Charges Date" empty. Otherwise, provide the respective value as well as the ongoing charges date in "OFST452220 Ongoing Charges Date" and fill "OFST452190 Has Ongoing Charges" with "yes". |