I’m trying to understand the charges involved with investment trusts, for example JPMorgan China Growth & Income (JCGI). Freetrade shows the below charges:
Stamp duty = 0.5% (paid on execution)
Ongoing charges = 1.24%
Transaction charges = 0.58% (also paid on execution I assume?)
My understanding is that the ongoing charge is already reflected in the share price, is that correct? Also, if was to invest 12 times over 12 months, I would essentially be paying 1.08% (stamp duty and transaction charges for each trade) x 12 = 12.96% of my investment would be spent on fees?
Last point, the JP Morgan website lists different charges for this fund, just a 1% ongoing charge (JPMorgan China Growth & Income plc - Ordinary Shares | J.P. Morgan Asset Management). Which would I be charged if I were to invest via Freetrade, the 1.24% listed on FT or the 1% from JPM?