What your
fund costs
Two versions of the same fund hold the same shares. One pays a commission to whoever sold it to you. This is the difference, over your actual holding period.
Runs entirely in your browser — no server, nothing stored, nothing sent. The arithmetic is the same arithmetic the film uses, which is why the numbers match: r = (1 + return − TER)1/12 − 1, compounded monthly, contributions at the start of each month.
Your numbers
The two TERs are printed on your fund's factsheet and on the AMC's site, one line apart. The defaults are the pair the film uses.
What this is not
Not advice, and not a prediction. The return you type is an assumption; nobody knows the real one. The point is not the final number — it is that the gap between the two columns barely moves whatever return you assume, because the gap is made of fees, and fees are the one input that is certain.
Switching is not free. Moving from regular to direct is a redemption and a fresh purchase: it can trigger capital gains tax and an exit load. Work that out before you move anything.
The gap
Why is there a gap at all? The two funds hold the same shares and are run by the same manager. SS-001, three and a half minutes →
| After | Direct | Regular | Gap |
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