Biotech Growth | Charges & gearing

Charges

AIC ongoing charge plus performance fee (%)
1.28
AIC ongoing charge date
31/03/2021
Management agreement
AIFM receives a periodic fee equal to 0.30% p.a. of the market capitalisation, plus a fixed amount equal to GBP 60,000 p.a..The Investment Manager received a fee equal to 0.65% p.a. of the NAV. The Investment Management Agreement may by terminated by either giving notice of not less than 12 months. The performance fee amounts to 16.5% of any outperformance over the benchmark, the Portfolio Manager receiving 15% . With effect from 1 April 2021 Frostrow is no longer entitled to a performance fee. However, it is entitled to receive any performance fee that crystallises during the year ending 31 March 2022 in respect of cumulative outperformance attained by 31 March 2021.

Gearing

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