Blackrock consensus type of fund?

gary83

i was researching funds for next years LISA which will be invested with H&L, quite happy for the money to be left for 24 years until I hit 60 so was looking at blackrock consensus 100%, bit of a stupid question, but what's the difference between the two types?

Inclusive class A Acc

https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/b/blackrock-consensus-100-accumulation-inclusive

class I Acc

https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/b/blackrock-consensus-100-i-accumulation

bowlhead99

The 'inclusive' version class 'A' was originally designed for retail customers, with the fund manager taking a high management fee so that the fund manager could afford to pay for the fund platform (with a kickback to the platform operator) so that investors wouldn't need to worry about paying platform fees themselves, just paying an excessively high management fee instead.

While the institutional class 'I' had a nice low management fee resulting in ongoing charges figure of 0.24% for that product instead of 0.64% for class A.

However, in this day and age, HL like other platforms will rebate the "inclusive class A' excess management fee money to you, to make the costs the same whichever you pick and allowing you to see clearly that they are charging you their own explicit platform fee of 0.45% when you invest in that fund or others on the platform.

gary83

Thanks, that all makes sense