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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
Charges
0.44
Ongoing charge plus performance fee (%)
0.44
Ongoing charge date
31/05/2023
Management agreement
The management fee is 0.35% of NAV p.a. payable quarterly in advance at a rate of 0.0875% based on net assets. The performance fee is 15% of any outperformance of the benchmark index. This subject to a limit on the total fee of 0.9% of average value of the NAV. Contract terminable on notice period of 6 months.
Performance fee
Yes
Performance fee rate
15
Performance fee details
Performance fee is 15% of outperformance of total return paid against benchmark, subject to a limit of the total management fee payable of 0.9% of average value of the net assets.
Data provided by Morningstar.
Company documents provided by FE fundinfo.
