Does anyone know how the OCF for ETFs etc work. For instance BGCG has an OCF of 0.99%. When do you actually pay this charge? Will it be taking out of your holding or do you pay when you purchase it? I contacted T212 and the answer was that he didn’t know how it worked so I thought I’d ask you guys. Does anyone know? Thanks
basically the price of the ETF is automatically reduced daily by the fund company to cover the fee. note the key statement in the article below: " Investors don’t see these fees on their statements because the fund company handles them in-house."
Thank you @trader787 for the link, very useful.