Financial dictionary

Ongoing fees are costs that are regularly charged for the management and maintenance of an investment fund or portfolio. These fees may include management fees, advisory fees, administration costs, and other services related to investment activities. Ongoing fees are typically expressed as a percentage of the value of the assets under management and may be charged on an annual or monthly basis. These fees affect the net return on investment, and it is important to take them into account when evaluating the costs and benefits of investing.

An open-end mutual fund is a type of investment fund that allows investors to buy and sell shares essentially at any time. This type of fund does not limit the number of shares that can be issued, and its price is regularly updated based on the fund's asset value, usually at the end of the trading day. Open-end mutual funds provide investors with flexibility, liquidity, and access to a diversified portfolio of various investments. They are managed by professional fund managers who are responsible for the investment strategy and asset selection.