Transaction costs in the Intelligent Investor Select Value Share Fund are the expenses incurred by the Fund when buying or selling assets.

These costs are charged at a rate of 0.14% per annum of the NAV of the Fund and are deducted from the Fund as they are incurred.

The transaction costs are variable and are reflected in the Unit price of the Fund. The costs are disclosed net of amounts recovered by the Buy/Sell Spread.

For more information about transaction costs, please refer to the 'Transaction costs' section in the 'Additional information about fees and costs' section in the PDS. The PDS can be found on the IISV product page.