Majedie | Charges & gearing

Charges

AIC ongoing charge plus performance fee (%)
1.06
AIC ongoing charge date
30/09/2021
Management agreement
The management fees are 0.60% pa for the MAM UK Equity Segregated Portfolio, 1% for the MAM Tortoise Fund, 0.65% for the MAM UK Income Fund, 0-0.65% for the MAM Global Equity Fund, 0-0.85% for the MAM Global Focus Fund and 0.75% for the MAM US Equity Fund. The performance fee entitlement only occurs once the hurdle has been exceeded (being the Sterling Overnight Index Average or 'SONIA') and is calculated on a high water mark basis. This change to SONIA is effective from 1 October 2019 (previously a 5% hurdle rate was in effect).

Gearing

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