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
Ongoing charge plus performance fee (%)
0.5
Ongoing charge date
30/06/2023
Management agreement
The managers are entitled to receive a fee of 0.55% p.a. on NAV up to GBP 350m, 0.45% p.a. from GBP 350m to GBP 450m of NAV and 0.25% p.a. on NAV in excess of GBP 450m, calculated and paid monthly. Agreement may be terminated by either party on 3 months' notice. A secretarial fee of GBP 75,000 p.a. is also payable, which is chargeable 100% to revenue.
Performance fee
No
Data provided by Morningstar.
Company documents provided by FE fundinfo.