Polar Capital Technology | Charges & gearing

Data as at: 25/02/2021


AIC ongoing charge plus performance fee (%)
AIC ongoing charge date
Management agreement
Management Fee 1.00% p.a. on NAV up to GBP 800m, 0.85% p.a. on NAV above GBP 800m to GBP 1.6bn, 0.8% on NAV above GBP 1.6bn to GBP 2bn, 0.7% on NAV above GBP 2bn. This is paid quarterly in arrears. The manager is entitled to an annual performance fee equal to 10% of the amount by which the increase in the adjusted NAV per share exceeds the total return on the Dow Jones World Technology Index (total return, Sterling adjusted) multiplied by the time weighted average of the number of shares in issue during that period, subject to a high water mark. The performance fee which can be paid by the company in any one performance period is capped at 1% of net assets. Agreement may be terminated by either party by giving 12 months notice.


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