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A measure, expressed as a percentage of NAV, of the regular, recurring costs of running an investment company.
Overview
Performance
Portfolio
ESG
Dividends
Charges
Gearing
Research
Announcements
Management
Documents
Invest
Engage
Charges
0.64
Ongoing charge plus performance fee (%)
0.64
Ongoing charge date
31/01/2024
Management agreement
The Manager receives an annual fee of 0.45% of the NAV on the first GBP 225m, 0.35% on the next GBP200m and 0.25% on amounts over GBP 425m p.a. of the NAV of the Company, with debt at par and excluding commonly managed funds. The contract, notwithstanding exceptional circumstances, is terminable on six months notice by either party.
Performance fee
No
Data provided by Morningstar.
Company documents provided by FE fundinfo.
